The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-04-20


precedented coinage, during the last month"; Of upwards
OF millions of dollars, which we then published al
Mr. Walkers request, with the further additional state
ment, emneny calculated to aid the loan, that "it is
fully believed that during President Folks admmisa-
ton sixty millions of dollars will be converted into
American coin . and in the propriety of then announe-
ing that opinion, Mr. Walker fully concurred and indie ed
suggested.
Even the National Inieligencer, though opposed
to the scheme of the Mexican tariff as executive
measure, admitted and stated that it will doubtless
afford some help in the lcays and to carry on
the war" This we quote in the Union OF the 9Th of
April, and publish letter from New York from a
gentleman, whom style ga scholar well as
merchant" on the subject of this Mexican tariff In
that letter. published in the Union of the 5th, the
ter says "The plan strikes admirable one; and
if il does not conquer peace sooner than by fighting
Mexicans when they shall be scattered guerilla par
es,' shall be much mistaken" He says: at also puz-
zles the bears in Wall street, who cannot succeed
knocking down Mr. Walkers stock and treasury notes."
And he adds "When this news gets to England, you
will see United States stock advance and Mexican stock
in the decline" Such the opinions expressed by
eminent merchant of New York, in private letter to
Mr. Walker intended for publication, but which,
for the purpose of aiding the loan, Mr. Walker sent
as soon as received and published in the Union of
the 9Th April This eminent merchant says of this Mex
lean tariff that sit also puzzles the bears in Wall street.
who cannot succeed now in knocking down Mr.. Wal
kers stock and treasury notes." And what is the
plant now in TRUTH but that these bears in Wall street."
however respectable have not monopozed the loan at
nominal premium but that Mr.. Walker has secured TO
the government by the timely publication OF this tariff
and other measures, premium the whole loan vary
ing from one-eghth to two per cent? thus saving many
thousand dollars to the government, and bringing in
bidders to the amount of y-eight millions of dollars
In the Union of the 18th, Sth and 9th OF April, down TO
the latest period that could have favorable influence
upon the loan, published various articles calculated
to increase the bids and premium late the 9th,
pressing opinion that this Mexican tariff, if the
contest were continued, would snake the war, in part
leash sustain itself" The recorded evidence, them is
clear and conclusive that Mr. Walker labored assduous
", part of the time during Illness and down to
the latest moment to secure, by all honorable MEANS the
largest number of bidders, and the heaviest premium for
the oan and instead of receiving thanks for his success
in securing during war, premium for the whole loan,
it is made ground of most unjust assault There is one
other fact showing the extreme soctude of the Secrea
ry to increase the bids and premium for the loan On
the morning OF the 10th of April having heard here the
first news of General SCOTS achievements, and the cap
ture of Vera Cruz and the Castle, well calcua-
ted to enhance the oan MIR. Walker repaired at to
the telegraph office, in this city, and informed by tee
graph the collector at Baltimore that bids for the loan
would be received during the day, until ~ at night of
the 10TH and instructed him to communicate Immediately
the fact TO the collectors New York and Philadelphia,
so as if possible to obtain bids by telegraph, if
opened or otherwise from all those cities These facts,
recorded and ndispuable, prove inconestbly that Mr.
Walkers only and great purpose was to secure the largest
number OF bidders and premium for the loan.
Now for the opening OF the bids 1t was done
in the usual manner long practised at the Treasury
Department, namely, on the morning succeeding the
oan and in the presence OF the proper officers The
sealed bids were all opened and the seals broken
by Mr. Walker, in presence of three of the officers OF
the Treasury Department namely, Mr. Young, the able,
experienced and faithful chief clerk OF the Treasury,
Mr. Handy loan clerk, and Mr. Pettitthree gentlemen
whose character is above reproach in this city Among
these sealed bids he seals of which broken in the
presence of these four gentemen was the sealed bid OF
Corcoran & Riggs and the several sealed bids of the
successful large bidders from New York and Boston.
It is fact ALSO susceptible of the cearest proof that the
SedcQ
several hours before the unsuccessful sealed bids from
New York and Boston. The bid of Corcoran &
Riggs was handed in publicly at the treasury
during Office hours, at about two O'clock TO Mr.
Young the chief clerk, in the presence of MIR. Petit
and it was handed to- and endorsed by another clerk and
preserved until the bids opened next day and the seal
then broken in the presence of the four gentlemen above
named namely: Mr.. Walker, Mr.. Young, Mr. Handy
and Mr.. Petit The large unsuccessful bids were
handed in sealed the day, but several hours after
that OF Coccoran Riggs partly during the evening Of the
10TH and up to O'Clock that night Unless, then, the
bidders informed Corcoran Riggs (Which
il would now seem they actually did under the expec
taton of Joint bid) what their intended bids would
be- it was impossible that Messrs Corcoran & Riggs
could have known anything of them, when their
own bid deposited several hours before the unsuc
cessfu bids. And what is there and strange in all
this Messrs. Corcoran & Riggs have bid millions for
loans well under the present preceding
have obtained loans, and have OCCASION
ally lost thereby, and if they make money by the share
they have got of the present loan, it is because the
successful bidders would not bid high for the loan
And here we are sure this whole community where they
reside, will bear out in stating, that there
among us of more unmpeached and unimpeachabe in
tegrity than Messrs. Corcoran & Riggs.
As to the charge, without name or any evidence in
the Philadelphia North American, from the pen OF a
Scribber in Washington, connecting Mr. Walker.
with the deposie banks or other repositories of