Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1847-06-04
THE ENQUIRER.
RICHMOND, VA.
Thursday Morning, June 3, lS47.

The Wing press has ieemed with abusive as.
s,nl,s upon The private character and public acts
If the Secretary of the Treasury Experience
has utterly refuted the extravaganza predictions by
he Wings. Of the effect of The financial measures
ca map(ully brought forward and so ably sus-
,,;ned by Mr.. Walker. The last charge against
his ivan, of business knowledge and common
o,es;eh,p IS paradec with great effect in the N.
O Bulletin. Ii has been widely circulated III Inc
Whie papers-bnt The Union meets the issue
ho,dlv and DESTROYS the whole fabric OF misrepre-
s,ntatiop. We regret that we have not room for
The Unions article, but must content ourselves
w;b few interesting facts. The Bulletin charges
that. instead of sending specie 10 New Orleans
from the North, 10 meet the heavy army expenses
IN Mexico. Mr.. Walker has sent 10 New Orleans
drafts from The Treasury, on New York and Bos-
inn of very large amounts, which have 10 be
sold a, discount, and the specie shipped to
Mexico, thereby deranging and checking the bu-
siness operations of The city, producing pres
sure in the money market, and reducing the va
lue OF produce, SC. The Bulletin loudly COM
plains, that Mr.. Walker has NOT sent Treasury
notes, which are at premium; and attaibu,es it
solely 10 the TACT, that these notes would al once
lie sent 10 The North, and there converted into six
per cent. stock, which, BY competition, would in
erfere with the profits Of Messrs. Corcoran &
Riggs, the Favored" competitors 10 procuring the
recent loan.
The Union exposes these utterly unfounded
charges. MIR. Walker has never sent Treasury
drals 10 New Orleans. The several departments
call upon him for "publc disbursements on ac-
count of The war, for the army or navy, and Mr..
Walker, as authorized by law, draws his warrant
Tor the amount in favor OF The officer or person
named in The requisition, upon The Treasurer Of
The United States, TO whose credit all the pubic
moneys are deposited; and The Treasurer then
draws his draft in favor of such officer on any OF
the public repositories having sufficient funds
deemed by the Treasurer most convenient; and
Mr.. Walker has no power or control over the
use or negotiation OF such treasury drafts, nor
has The Treasurer"
MIR. Walker has already authorized twelve
hundred thousand dollars in specie TO be sent 10
New Orleans, and is ready al any moment 10
send Immediately as much more as he may be no.
i6ed will be required for the wants OF Govern
menl and, moreover, he has made arrangements
by which, al cost OF only three-eighihs OF one
per cent, he can transfer any amount of specie 10
New Orleans.
As 10 the Treasury notes, the Union shows
that there are no such notes a, present which can
be issued and sent 10 New Orleans, without
violation Of law. Even if he could issue such
treasury notes, which have risen 10 premium,
would moi the Wing press at once denounce him
Tor arbitrarily paying particular class OF con-
tractors in New Orleans in such notes, and thus
sacrificing five or six per cent. of the Government
iundsl In regard to The unjust insinuation OF
"lavorilism" TO Corcoran s. Riggs, the Union
completely erculpates Mr.. Walker:
$50 Tar from favoring Corcoran nar cen,
vhobid for the whole loan al an eigh1h Pe, -
uemium-Mr. Walker mol only gave a'i "ho
BID more the whole amount OF tneir ous' as Nv, he
~a. honnd II do bu, 10 all who bid an eighth, Inc
ems &C Corcoran & Riggs, MIR. Walker award
"a Inc whole amount OF their bids, whicn were
very considerable. Mr.. Walker then, as Inc re-
cords show went 10 the almost eatcnt mat Tue
law would permi, him in diminishing The amount
assiguabe 10 Corcoran Riggs"
The Charleston News refers to the communl-
cation between Gen. Scott and Mr.. Trist, as lead
ing US 10 expect very soon solution Of Inc pro-
bIem whether peace is soon 10 follow or prolons-
ed hos,ili,ies, and makes the following comments
which with the information before US, strike US
as being reasonable anc just:
"In the mean time, we are glad TO perceive
that there is 10 be cessation oil effort on tne Pa''
Of the Governmental prosecute the wa, WIN un'
relaIed yieor. The formation Of guerilla forces,
10 meet the new emergencies OF war-tne tesyins
Of taxes on property in Mexico TO pay It's expen-
se,-,he presence OF military torce IN me caP.-
val large enough TO strengthen the parry which -
favorable 10 public order and pacihcaton-ap-
pears 10 be The policy dictated by reason ano nu-
manly. The instrument of peace must oe iolce
where persuasion has no influence. Inc seVe.
rest burdens of war become the Appliances VI
concord when offers 10 negotiate, in the miasI u
victories and in possession OF an enemys cap.
lal, are rejected. Moderation in such case ~
cruelty. Abstinence in The use Of me i,gn's VI
war will indefinitely prolong the contest.
We are reioiced to see from the Union tnat the
dulles collected under the Mexican Tariff (Pai'-
" of Gen. Scott and partly of Mr.. Walker sec,
crelary of the Treasury have already real,zea
nearly half ailiion of dollars This fruiliol re-
source will probably stop The drain OF specie from
New Orleans, and change the current from men-
leo 10 New Orleans and New York. Above all
il will support, wi,hou, call upon the treasury
the large army which il may be necessary 10 re-
tain in Mexico, in order 10 achieve the oo)ec'S We
have in view.