The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-05-31


New 0rlsansa--TAs Treasury.
The New Orleans Bulletin is no sooner answered on
one Of is chges against the Treasury and those charges
euted than il commences again with new accusations
equally groundsss regardless Of its own reputation.
It's object appears to be to engage in nceasant assaults
and endless accusatons We quote the following from
one Of its articles which going the rounds OF the
vhg press whose readers the attack, but are not
permitted, we fear through the same columns, to read
the yindication.
From the Baltimore Americana f
We copied Yesterday paragraph from the New Orleans
pen Of the 18th nstan', stating that there had been of
eral DAYS greatly inc pressure In the money mar
t of that city The OF ibis state OF things are thus
referred TO in the Bulletin
aTh state of affairs has been produced by the action o.
the government regards funds aud payments at this
point - ..o,. :. .,,,,r.,, g, H., army IN
Mexico and instead Of sending il from, the north, where the
treasury ample funds, il ~ 70 be sent from hence where
lhey and where they must Be crensd for the
Ibln cash here, l. "a send drafts, BY the treasury Of
he United States New York md Boston, IL sums Of one
by the banks lage banking houses and at
suitable for ordinary commercial remitiances How many
Of drafts have been sent out here, we are unable TO
ne best offer hat was made on Monday and hall
,er cent discount and we learn that bank took three OF
' ca Of be drawn n Specie packed up and
shipped Mexico Thus adding TO tbs present pressure az
every dollar in specie represents at least three IN CONNER
In addition to ,h- instead Of paying in cash the de-
accept drais at short sight on Washington which drafts the
holders throw the market, and create further depres
The value Of produce Is thus depressed, the planter
and the farmer injured, and the whole business
Of @ y asd anS foresight ON the
pat Of the head Of the Treasury Department
The and colninssartat departments IN
M.xico have also dnwn enormous amounts this place.
under orders from the authorities at Washington, aud when
and Inc pares rather than whit an indefinite time for pny
ment (o course without intercst) take new bills on lash
ngton and these latter are again paid by drafts on New
The consequence of this delay refusal to pay these
drafts p,ncsualy is that the British mere ana agents
onvesting amount in sterling bills at New Orleans for
e a f e q adi'h'
AT this moment the government require very heavy
funds this place 70 meet the enormous q the
hencefor the purchase and ha Of steamboas transports
e. pn & 9 mr. %sss1 q ssss ss
funds is 10 send drafts the north in gigantic amounts, TO
be forced upon already depressed exchange market and
THE question Is constantly asked. Why he does send
treasury notes here which are At premium ana Which
but which Is given to this question: which IS
that these thus issued would be sent to the north
IRE re with Messrs Corcornn Riggs who have not YET sold
out the late loa the value Of which in the market would
be affected BY the competition arising from the funding Of
these notes into simnr stock.
10 prevent such result, the interest the government,
the interest OF individuals the interest Of produce growers
aud produce holders, and the genel business OF this city,
are al 10 e sacrificed and tho q the country de-
1T Is a crying injustice and violation Of good faith
that the public creditors who have faithfully performed
their with the government, and nre fully entitled
10 payment par funds should be compelled 70 accept Of
drafts on distant points, which they cannot realize except
neasnry should sut}sr sacrifice BY heavy discount
The sale q ther bills e hy Paymen. of commissions $40 %
Injustice and wrong 10 individuals and this loss the pub
lie treasury could all be avoided BY an issue Of treasury
1.-THE present state Of things here matter Of general
comments and Of loud and angry as wei r. o. ea
munity who arc al suffering from il, and all Of whom
unite in one opinion to the cause
change d them having upwards million OF dol
lars Tying there which they are unwilling 70 realize by
to make further purchases s nearly exhausted there
FORE Mr. Walker in his present plan Of forcing
to Mnxco and besides. continues ts plan Of issuing drafts
the north payment for supplies q n settlement q ar
Oppressed md business most seriously affected Il he wishes
afford protection the contractors Of The bate loan by re-
petition with them supplying The demand for SIX PER
cent stock, let him, NJ any rate, order out rom ms SUB
This cod be brought round this port BY some shipo
war on her way g on shs Gu amr ~ y
The country from the Inconvenience and pressure which he
has brought upon itn
Now SO far as Mr. Walker is concerned, these charges,
one and all, are utterly pnfppplea
st Mr. Walker has never sent treasury drafts, large
or small to New Orleans He has never negotiated nor
directed nor authorized the negotiation OF any treasury
drafts, large or small, on New Orleans OF elsewhere.
ReQusitons Of the several departments are made on Mr.
Walker for public disbursements account Of the war;
for the army or navy and Mr. Walker, as authorized BY
law draws his warrant for the amount in favor OF the
officer or person named in the equson upon the Treas
er Of the United States whose credit all the public
moneys are deposited and the Treasurer then draws his
draft in favor OF such officer any Of the public depos
tories having sufficient funds deemed by the Treasurer
most convenient and Mr. Walker has no power OF con
troll over the use or negotiation Of such treasury drafts
nor has the Treasurer
ad Mr. Walker has never directed or authorized any
such drafts as are described in the Bulletin 10 be drawn
from New Orleans OF elsewhere on the treasury; nor
does he know anything Of them. are they drawn upon
The treasury.
3d. Mr. Walker, more than week since. directed the
transfer OF 900 specie to New Orleans, to meet
these demands on The and for the same pnr.
pose he has sent and has on the way to New Or
leans, one million OF dollars addition making in all
twelve hundred thousand dollars in specie.
ith Mr. Walker has made arrangements BY which, at
cost Of only eghhs Of per cent he can trans
fer any amount Of specie from the north to New Orleans
He will make no unnecessary transfers; but whenever