New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-03-15
REPORT.

The Commune on tie J1diciary 10 uAorg rerred The
memorial Of Edudrd j. FOrsdH IN tskalf 81 Hope q
Co Of AMSTERDAM aud Others holders Jos alleged Of
s25O0OO Of bonds Of The Bank Of Pensacola barring Ia
Enforcement, 70 bearer, Of the Territory Of Florida,
report;
That the memorial is but printed pamphlet a. arc
also the documents annexed thereto. No suthentc ey
dence Of the facts stated in the memorial has been sub
mted 10 the Committee. The late day II the session
at which the memorial was presented and referred pre-
cludes the Committee from entering into full nvest
CATION OF the facts Of the and Is represented BY
one OF the Senators ircn the State OF Florida "a
Der Of the Commtes) thst tho ls but partially
presented the memorial and the documents appended
u II and while protest s made against Congress cit
ting in judgment upon the conduct course OF the poo
pie Of sovereign state or their dures or oolsSuons
yet that justice demands when that course and conduct
are npugnsd full and complete statement OF al the
facts should be required before sny proceeding what
ever is mad here which may saeot their reputation"
The Committee arc inclined 10 the opinion tnai uei
Their The Uni;ed States the state OF Florida IN
snyNse responsible for these bonds upon the case
made by toe memorialists. Mhen thcy embarked into
their syecuaors for these bonds tcey were bound 70
look 70 the laws under which il Is sleged they we're
issued They were bound 20 look % the authority o.
the institute called the Territorial Government. 70 su
thonEe their issue much more 70 guaranty their pay
ent They bound 20 inquire as % the power and
authority OF the Bank OF Pensacola IN oisPOsng OF them
Surely they shosld inquired into the power Of that
Bank snd the Territorial Governor and Council 70 bind
the United the State Of FLORIDA II such
ihoriy existed. they can have no e!nm on either II
such authority did exist the OF the laws under
which tbs bonds issued Ghoulc have been com.
Piled with and the purchasers should have that Il
the fact Ii the bonds we're scld or nesocsted IN
olaen Of ths requirements Of the laws s1inorising
their issue the holders must abide the consequenceA
They mast show they are bsaa fds holders Whether
the bonds pegoraied "A good faith whether the
alleged HOLDERS received them after cshonor. whether
they bound - resort the frat place their vend
the Bank Of Pensacola. even II the temporary
Government OF the Territory Sss ultimately hAole and
whether they bound adopt such with due
diligence and If they neglected % do 40 have lost Al
excep; against THAR vendors ard the Bank OF
Pensacola and forfeited az legal or moral claim against
any others questions which this imperfect pre-
sentsnon Of the case now made the Committee VII not
express decided opinion and II the facts were July
exhioitedt may be DOUBTED whether the decision Of
these questions swth Congress. In me. whatever may
OF may not De the ultimate rights Of the meuoEalists
the matters presented OF too great magnitude 70 per
init TASTY decision upon pdyis and imperfect IL
vesHssnon Il this claim Is sAneuooed there are seve
raj nllens OF dollars that vii PROBABLY Dc claimed oy
others similar grounds fer bonds issued TO banks by
authority Of the lae Territorial Government OF Florida
and which banks have failed. AL those VINO have lost
BY rash AID nPrudsnt speeusrOus IN szeh STOCKS VII
come 70 Congress 70 make up THAR losses or peraapS
when they purchased s,s de2rec.soa, % realize their
specu,arons-
The COMMITTEE regard the questions involved A. Of
sufficient Consequence 10 recommend tsst the memorial
SC be referred TIE Attorney Genera and Secretary
OF the Treasury N order that they may consider and
port on lie Gaze fully both a. 10 ne scts AID principles
ana ta N order 70 acquire i0l nofnati01. tley NAY
correspond VIII the authorities OF the stats Of Florida
and others VIC possess knowledge OF the subject and
that they report hereon Al session Toe commit
tee therefore report the following resolution
RsSoirsd That the memorial OF Z J Eors.Al FOR Hope
& Co CT Amsterdam. with the documents accompany
ns the same and copy u the report IzGs thereon Be
trans iod ~ the Secretary Of the Sssste 70 the Aor
ney-OenerA ard Secretary Of the Treasury L7d tai
those ocers Be directed exAHirs into sad fully
ane collect sueh authentic information a. they can obtain
IN rsaron tAereto AID make report the same TO the
senate on the nrsf day Of the next session OF Congress-