The New York herald., 1850-05-21
INTELLIGENCE BY THE NAILS.
Our Warrington Correspondence.

Our Washington Correspondence.
WASHINGTON, MAY 10, 1850
daofb,r Financial 41fair.-Ihe Merican In
demnity.
More interesting developements may be daily ex-
necled from Washington The Gaphin clam is not
the only one that requires Investigations others are
already starting up, which overcloud, equal in prn-
ciple if not in interest, the amount tched from
government
The Mexican indemnity, of three and half mil
hons was, by the terms of the treaty, to be paid in
the city of Mexico, the first of June each year.
portion of this amount was paid into The hands of
leading house in your city, about the first
of February last, they or parties connected with
them, agreeing TO pay the money at the date speci-
fed in the city of Mexico. To ship specie to
Mexico would be sending Goals TO Newcastle,
therefore our wise and sagacous secretary OF the
Treasury employed the New York house TO
do the job for him, and as the premium on
drafts London is worth from ten 10 twelve
per centum in the city Of Mexico, IL was only
requisite TO ship the specie TO London and draw
against il in Mexico, al a profit Of ceTtany ten
per cent, and as "A portion OF the money due IN
June paid in Wall street the irst OF Feb
ruary, and as the Government OF Mexico pay l TO
"A per for money, the proh this Transaction
could not be well less than from fifteen 10 twenty
per cent. on the amount advanccdi put II az the
lowest notch, and the profit is S>JOOUO, or there
abouts.
This is the story as it goes. Now, is it not the
duty OF Congress to appoint committee TO nvesu-
gate into this Transaction II II be all l9ht, there
can be no harm in a committee of nine.
Government udveri-e to sell stock 10 the highest
bidder; why is it not equally proper 10 transfer the
priyileee of rayino our debt to Mexico, 10 those
parties who viii pay the highest for the privilege
WHY should the Secretary Of the Treasury bestow
upon particular individuals or friends this proiita-
Who az the recipients Of the profits of this ope-
ration
WASHINGTON, May 10, 1850.
Temcudas State If -A6dHs-1ae Galshin Clam
IN bjJ JVoke IN Cabinet Counea-7Ae As
foaistmcnt of Old Zack at thc A1qopat # lMoncy
Jaid o,ai TO JLr. Crarfod-7He !Slar0y Qaes-
tion cat cf ia The House, byH CconfeSt with ttf
Pycsideat and the Cabinet. BIr. I0ombs az
1oiatcd to ;caR up the Subject fer The Defnce Of
Craujtsd-R Revolutionary -Asgcct Of IhiSgs.
We are in the very midst of the most ominous
events. The very senses Of the profoundest men
seem to be paIalyzed--all humln sagacuy is set at
defiance, end all that the wisest and best of our
statesmen do, is TO struggle against the current,
and keep clear Of the drtt, in the hope Of landing
somewhere in q place Of safety.
There never has existed such a state of confusion
az now prevails between the whg party in Congress
and tie whg cabinet al the West EHd. The best
friends of Old Zuck. in the House. are trembling
in their shocg--his worst enemies sympathize with
his distress; and even the democrats share in the
general sense Of humiliation and disgrace which
covers the cabinet beyond the slightest chance ol
escape.
that this cabinet is TO he borne for three years on-
ger, is preposterous. The Galphin business il too
black-loo bsrc-aced-to be tolerated or white
washed.
There was cabinet meeting yesterday; and. from
ell accounts, II was dismal affair The President
was in condition TO regret his late pronUIcidnieH-
10 in the lnfchigcnccr; and, if TO believe the
reported result Mr. Crawford, least, will be per-
mltted TO retire in the event of decision OF the
House against him. If he is retained against such
decision, we undertake to say that the annual ap-
preparations for the War Department will be sus-
pended. on the distinct ground that MIR. Crawford
is not fit TO be trusted with their disbursement.
The cabinet, in fact, is just now the paramount
question: and the PROCLAMATION of Gen. Taylor,
that he intends 10 retain them agans, all reInon-
srances, ffcm whatever quarter they may come.
reduces the question TO direct issue between the
President and the House OF Repre- sentatiyes-ihe
King and the Commons.
We aTprebend that the cabinet have poisoned
the mind Of Gen. Taylor against Henry Clay, and
into the belief that the Compromise and the whig
opposition 10 the ibnet but parts of conspiracy
headed 10y MIR. Clay, 10 break down the Admins
trsiiou in revenge for the Philadelphia Convention
This will account for the obstinate adhesion of
Gen. Taylor TO his cabinet; hut having taken that
position, having been inveigled into il by his cab-
net, We presume he will be bound to stand by them
III the fight IL out.
But il appears there was sorry time OF IL, sort
ot Irish wake IN cabinet council yesterdy, and that
Old Zack was sorely pcrplexcd TO discern the
length and breadth Of the Galphin business, dis
closed by the reports and arguments on the subject
read by the committee to the House and partcu-
larly al the immense amount of money pocketed by
Mr. Crawford, Of which he had had no conception
before, rs he could not believe the reporsts in
the newspapers. That Mr.. Crawford could, and
did pocket on a single claim, an amount of money
exceeding the Presidents salary for his whole term,
of office, by $1,000, Old Iack was astonished TO
discover was an ahEolute fact and IL does appear
that the good old hero OF Buena Vista, exact 70
penny IN all money matters, could not make IL,
how such a sum as that paid out the Galphin
claim TO MIR, Crawford, could be paid without a
loan from the Rothschil1s. Old Zack thought
Meredith was short Of funds-that he had TO ask
help OF Congress TO get along with the expenses Of
the custom houses, and that he would want, TO
meet appropriations and debts, "A loan of Is or
soOoo0,Ut0. lie thought the Treasury was about
empty, and puzzled To know how surplus of
SzD,OcO happened TO be in the Treasury. The
result Of the council, we understand, was TO wait
The action Of the House. and 10 fast and pray every
FEday
The excitement on this Galphin case is, without,
vioubt, the cngrossng theme just now. The Sem
ate may 20 On plcdding away at the compromise,
hut the House IL tied up 10 the Galphin claim
They can certainly do nothing on the slavery qnes-
ton for four weeks TO come and there George
Gapin j. 20 be the subject I'LL the cabinet Is DIS
possd Of IN whelc or in part.
we consider this business serious difficulty in
the way OF n COMPROMISE, according TO the adhe-
sion OF old Zack TO his cabinet, and the contest
between him and the House may possibly post
none The slavery question beyond the reach Of
a compromisc st the present session.
The consequences following such result Il ~
impossible to calculate conjecture. We are
iusi in the condition for Matching up domestic re-
volution cf the most compre hensivc kind. Lat US
hope old Zsck, for once, will surrender, as prefer
ablc 20 n total defent.
We expect Mr.. Toombs. Of Georgia, (supposed to
he implicated in the Gaphin busincss), TO call mp
tho subject tomorrow. and to put IN -o hcry de-
fence of Mr.. Crawford. as TO lire up the whole
House in blaze of Indignation. We are. indeed
in the mdst II a revolution, and blood may be
shed before II is over
The Ad,irs 50 OF the New Editor OF the RE-