The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-09-28


But f,o@ al i6af We can learn. / Is neither
Now we shall hear from Mr. MARKS. asd Judge OF his
mode OF doing business and OF bis skill banker and OF
the pSopeiy Of our employing him or ordering the Presi
dent 10 do So will send Two letters 10 the Seceiays
desk which be sets forth in what he proposes
contract and the letters think show there was
tMr Dickinson semi the etefsto the Sscetarys desk
They were read Inc gentleman % whom they were "a,
place them file with the memorial which he caused TO
be presented to the Senate and the letters having been
snss Msasgaa y q As ssDa 'Asf
My attention has been called to the fact that the first
letter marked "confdentai. did not notice that
noral in the ordinary course of Teterencethey were
placed upon the files Of the Senate, IRON whence copies
have been taken, understand and iesy were read snd
were referred TO committee. and therefore we
treated Them belonging 10 the Senate. public papers
ef o Da @ asa s,siI any
but it will be time enough for the government TO employ
himwhen they choose TO do and do no better IN
their Judgment tie has right TO thrust himself upon the
government nor has any other individual and II be
wishes engage in this business let him 80 10 the Execu-
tive, and compete with his rivals, and make his arrange
ments there il he It's matter which requires no
Legislation to preserve his rights or the rights 81 others
repeat. there is no doubt that the bankers who do
this business will make money IN me ope5a.on out
greatly overated, and will be consequent rather upon
their skill as bankers and the time they will save in the
sad sa
which disagreement cannot enter into. The Secretary
Of the Treasury would be liable 10 impeachment il be
were to accept draft Mr. Marks supposes he can do
Il would be violation Of law, and would subject him to
be punished in a criminal court. III
II will now make very brief statement m relation TO the
manner has been done heretofore Heretofore, on the
first Dsalmen we paid premium, because we delivered
treasury notes at par, which stood at three or four per
cent. advance On one q them we got tour per. cent,
in Mexico was ten to ten and half per cent Now the
export duty is i've and half per cents and the exchange
vary accordingly because specie can be shipped Al
The following abatement will show how il stands
The present OF sterling exchange shorty six TO forty
six and half pence sterling per doarhe English sys-
TEN prevailing in Mexico--and il would be unsafe to
base calculation on less than forty Elk and hall which
would be equal 10 exchange with US OF fifteen and
len and half That would give four and three fourts
profits Now, there would be interest accruing IN the
Time Suppose this 70 be half per cent that would be
per cent which, taken from four and quarter leaves
three -fourths profl--lhey will make much more, but
they have got 70 make ]. out Of their s and by WELD
| nothing more to say i 9 tx, sa ttsq. 81
1.-THE following correspondence between Mr.. Green. and
The friend Of Mr. Marks and The Secretary Of State sent
to the Committee Finance the substance OF which was
stated in debate. is appended:
| Mr.. Green to Mr.. Webstr.
,@s!s .'WAsHlNoroN, August 81, 1880.
q Sir NV friend, Mr. j. ID, Marks wrote 10 me from
Il he United States for he Two rsmanng ins.amsn
10 50 u make drafts nsgosbs
My father who in my absence received his letter. applied
late and IL under stood that the
drafts would BIS sccep,ed. payable a the pleasure Of The
government when an appropriation wa, made by Con
lowed to the United States Tor accepting. and pay
in advance would save some e Pr cent more me
ask an appropriation 70 enable this % MAKE .ns
payment now and thus save TO the United States near
~ 4 4 f. ;
With this understanding. Mr. Marks has closed con
esIyed e,sr from hun saving Thai as soon as he can be-
advised that the death Of General Taylor and the change
be viii Washington. and bring the drafts Of the
win you do me the favor to say whether you wilnp
undersanding bewesl your predecessors and Mr.. Marks
and obso your oeedsn servant very aakEEN
"Hon DANIEL wEssrEa, Secretary OF STATE"
Ii Mr.. WsbsfU to Mr.. Grfa.
"DErAaTnENr SrATE,
| s Z. Washington, September 2, 1850.
ISM, have received your letter M Of IN, The siss umo
,ssss with the Mexican for the payment OF the
instruments due by tho Uned States TO thar
rins whether was willing thai the prs.en Mt
should carry effect the understanding upon the snbec
ain reply, have 10 inform yon that have found pa
or evidences in ,si' department. showing any such un
MAJ with Ees.ts Barring Bsohrrs, & Co. Rowland
L
who have heretofore been employed in reference the in
paid that government during the adniinistra
tons Of Presidents Polk and Taylor. ,gt3
II am sir, very respectfully, yonr o Ms
| ITO BEsJAMs E. GREEN, Esa., wa.hington."l
Mr. SOULE. The remarks which have fallen from
the honorable senator from New York call for answer
II will be brief In order more 10 condense the
debate, shall reverse the order in which he has PIE
/ scented his views, and follow them one alter another
The honorable senator speaks OF the contract entered
into by this government of absolutely binding con
tract wish TO be informed in regard 10 that fact oi
my impression Is thai Is only conditorsl contract "a
have no effect 10 the bull now before US does moi
pass III
Mr DICKINSON Certainly. The government would
not make contract except condiuonaly where an ap
! preparation had not yet been made. egNgs4
Mr. SOULE Them so far AZ that matter 10 concerned
the whole subject s before u.s. without any impedime
10 the way OF doing full justice Tue senator mex
observed that not 10 trouble ourselves about
distress which might be created IN Mexico, in conse
quence OF the arrangement entered into with British
i Mr.. DICKINSON. Oh, no the senator is mistaken
II Mr.. SOULE Very we'll The senator disclaims
having said anything OF the kind and OF take
for granted that al all events, he did not 10 intimate
what his language clearly conveyed. understood him
however to say that we were TO view this question il
TO any effect II might have upon the government OF Mex
co and going 10 remark 10 answer. that consid
cred the Obligations assumed by the United States in thu
treaty of Guadalupe Hidalgo as implying on their part
solemn engagement 10 deal with Mexico as 10 allow
her fairly derive all the advantages she could from the
Indemnity due her. am next reminded that there W
something narrow in the view which had taken oil tn,
k...E