The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-04-20
CITY OF WASHINGTON.
TUESDAY NIGHT, APRIL 20, ls47.


II s most extraordinary that without one single fact on
which to found any charge, or any witness to support H.
and without even except an anonymous letter
writer the bare publication OF whose name might be the
hest reluation of any insinuaton, attacks should be
made upon the Treasury Department and upon the sue
,sssiu bidders for the loan We find the following IN
the "New York Express !"
..r GOVERNMENT LoAN--To Corcoran and Riggs, the
ore brokers of administration, the greater portion
OF the loan has been aWs.ae sn the loan
viii naturally command premium m the ha r e OPP
elaoh he hing decidedstates that the payment OF
bon, two millions only per month viii be required by he
So,rv although previous TO the opening OF the BIDS u
@ nnyossble 10 obtain any of information from Mr.
Walker as 10 the time when and the amounts IN wheh
cseded in obtaining portion of the loan while the New
York bidders NIL disappointed They We're mostly oil
the wrong side in politics'-Gasdfe ana ifWes'
The above statement as to the Union is entirely un
founded in fact The editorial statement IN the Union
If the 18th was as follows An intelligent correspon-
dent in communication, published by us last week. cal
cuaed that the money would not all be wanted until the
,st Of February next, which would require something
less than two millions of dollars OF the loan to be paid
mon,hy; so that the same specie which paid an install
en would be dsbursed and in circulatlon to afford the
means for paying succeeding mstalments from time
Rv calling in the loan in this way, which we
are assured will be done whilst large sum in
interest will be saved to the government, no heavy
calls will be made for specie at any one time and the
business of the country will be undisturbed."
Now the inuendo is that this statement as TO the two
millions month"; was made only after the loan was ia
Ion and was kept back before the taking of the loan
Now this very publication OF the 18th of April refers,
s basis to the communication OF an intelligent CORE
spondent published by us last sceek" On reference to
the files of the Union, under date OF Tuesday April 8,
beng four days the loan as closd (Which was
on Saturday night following being the tenth of Apr)
and in ample time TO reach Baltimore, Philadelphia, New
York and Boston, and bring back the bids, this publca
,on will be found 1t is inserted conspicuously in the
columns of the Unon and is prefaced by editorial
;cle headed sWays and Means" 1t is this statement
which we thus endorsed on the 9th of April and stated
further that it is found correct by reference to "the books
of the Treasury"
We closed this editorial by asserting that sit is
estimated, that on the LIST of February next, al
ter meeting all the expenses of the war, there
will probably be balance in the treasury of
near So 100000" But this is not ALL the communca
ton which then printed gives figures in detail to
prove that less than millions of dollars month of
the loan will be wanted This assurance, then, far
the books of the treasury could warrant it, was given
four das before the loan taken, and great pains taken
to proue It, and not reserved until afterwards asserted
in the Gazette 1t is due also to the occasion to say, that
the article making this proof and emnently calculated
to increase the bids and the premium, was exhibited by
us TO Mr. Walker the Secretary of the Treasury the
morning of the 9th April and endorsed and approved
by him for publication in the Union of the 6h and he
not only approved the article itself but also the refer
ence made by in the editorial to the 'books of the
treasury as sustaining the article 1t is then conclu-
svey proved, that the assurance given on the 18th OF
April was but repetition OF what we had said and
published on the 9th OF April To remove all doubts
we repubslS the article of the 9th of April, with
our editorial introduction Thus this insinuation
falls to the ground, and it is proved that
the facts could be collected, which was the
ing of the 9th, Mr. Walker gave at least strong
an assurance as to the two millions month, as was
given on the 18th. and not only so, but went through
and approved laborous investigation to prove it. 1t
further fact that to the unsuccessful bidders represent
ing the great bids from New York and Boston, Mr..
Walker did state to them personally, at interview with
them on Saturday morning, and before they made their
bids that the money in all probability would not be
wanted more rapidly than at the rate OF two millions of
dollars per month tits true Mr. Walker would enter into
no contract call for than two millions Of dol
lars month in any unforeseen emergency of the govern
ment which might arrest military operations nor has he
done so now nor will he do since the oan nor any
such pledge given either in the article of the Union of
the 18th or of the 9th instant In TRUTH the article in
the 9th is much stronger than in the 18th; for the
ance there given the 18th is confined to the sway" in
which the loan will be called n-namey, stated, by
"instalmens" SO as heavy calls of specie and
not disturb the business of the county and what is said
about the two millions is by reference to the preceding
article and editorial of the 9th of April.
But let see what further means were taken by Mr.
Walker advance to secure, by all fair means, large bids
and premiums for the loan. He did his best to get the
additional tax tea and coffee, which failed; he then
duties refined sugar, tea, and Coffee and some other
articles, which failed also, by nearly tie VOTE Just be-
fore the close of the session The project was the
American Mexican tariff, work of great labor, which
Mr. Walker, during period of illness, against
the remonstrance of his attending physician debating to
clerks good part of the time, finished on the Both of
March and ii published, at his request in the Union
having been approved by the President on the 3is of
March That measure emnently calculated to in
crease and enhance the bids and to that official report of
Mr. Walker, thus published on the LIST of April the Sec
rotary expresses two opinions OF great Importance First
that the tariff will produce large revenue that the du.
ties framed to proluce the Mexican ports the
largest amount Of rerenue" and Mr. Walker adds what
inn tn enb, h, a. -.a