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


4 he os'sa such ss.,s%s., :. b shall assa:' f.
Mexcan government can exhibit due and sufficient au-
hor . receive u advance The whole or any PAT q said
By thus amendment the United States will be enabled TO
realize profit OF at least per cent over the present con
# . make s ny
10 whether anticipated payment can legally be elect
ed under the treaty will be removed BY requiring the Mex
gress now sitting in the city OF Mexico cannot
sent 70 see thesS sevep millions Of Mexican indemnity
60 iSm the hands hi he government into The hands Of
foreign bankers and feel secure the senator from
New York seems % be that they will not Be used against
our. interests Al all events. wish to guard them
- % n Ss
Amcrca and to promote designs the success OF which
would impeacb, 10 the estimation Of our nsghbors.
M. DICKINSON My friend from Louisiana, for
whom entertain high regard, will pardon for say
ing that think his argument this matter is rather
be better perhaps to look at il in that way, and leave
embellishments for some subject better calculated for
them This bill passed in the House Of Representa-
ves after elaborate discussion, in which this ques
ton was raised in all its forms, by very slrong voiea
majority Of hundred and twenty or thirty votes 10
seven millions Of dollars Is qGss n mo-
poses but makes appropriation for the three mil.
lions and fraction that due next May and to
have This money o this should g
because appropriation bills pass unt the
last moment OF the session and II would be unjust TO
the government to ourselves, and TO Mexico to postpone
this matter until the next session Of Congress We
might well ask to postpone good share OF the appro
priaon bill which we passed last evenings on the ground
that OF the amounts not 10 be used until the lat
ter end OF the fiscal year. and alter the next session OF
Congress.
have myself discoursed in which thought
almost eloquent on these subjects in another FORUM but
do moi. propose to do il here. These bankers are
bankers for our government and citizens in almost all
their transactions abroad The salaries Of foreign min
listers are drawn through that channel, and all our
financial transactions are usually done by the aid OF
argument made against British bankers ought to have
here They the centre of the commerce OF the world
and they necessarily occupy high and commanding in
fuence over the money OF the world until commercial
But who these British bankers against whom the
honorable senator from Louisiana dscourses SO eloquent
yi Why. they are the Earrings OF London, Howell &
Aspinwall, OF New York, and Cocoran & Riggs, OF his
citywo American houses and British house, all Of
pos " McKee, ia say
that head but their future changes shall be as ire
quent and rapid their past history ndica,es. they will
achieve enough without aid or interference. But,
this is moi the question, is that US
now. We have agreed to place certain number OF dol
lars in the city OF Mexico al given time II is our bust
But il is said that Great Britain controls the finances Of
Mexico, and will have the control OF this money II 10
done in the usual course of business When was the
tme pray tell in which she has not had control oil fnan
cidl matters in the republic OF Mexcol and how can
legislation change in What boots il whether the money
j. paid Tor ~ By u ~ PaidIwhshsT an exchange
The other side Of the water But. again, s said that II
the money il in the hands OF bankers in London, the
after Is paid over and then they have proper author
ity they seize well IL paid BY others paid
BY themselves. II they have lien upon the property OF
Mexico. they can secure it wherever they lind that
property, whether in London or elsewhere.
But sr. until paid IL our money. and not the money
placed al the disposal Of Mexico by the government
Now, how should proceed TO place that money in the
city of Mexicol will never be In London. either in
fom substance, until alter Is shipped there by Mex.
leo herself II will be raised in Mexico upon the bill OF
those who contract 10 place there. and the bill will be
paid in London BY those who drew I, / would Cost US
per cent TO transmit the specie to Mexico. when houses
oil the highest rcspectabiliy IN the known werd say,
elf you give the contract to place this money in Mex
co we will give you - per cent, premium instead q
have doubt mat they can rake money by such con-
tract because know enough OF human character TO De
satisfied that they would not enter into Transactions OF
that kind they could not do not believe that any of
them would enter into 1t purely from exalted notions OF
patnoism aud have yet TO learn that this Mr. Marks,
who demonstrated gent, 90 lar as this government
is concerned is moved enirely by considerations OF pa
rosm usually judge people out OF their own mouths
and shall so Judge his rights 10 the matter before
have closed my remarks, by his own relation OF It.
These bankers make money out Of such contract,
although those destitute OF heavy and associated capital
could mot They do by having not only these but the
cia skill, welding their funds in such manner as to
make the transaction profitable; whereas individual,
without heavy capital and extensive and favorable epua
ton banker could exercise control over whatever
however great his skill II s the business Of the Execu-
tive place themoney in MEXICO withoutial, and com.
| mend him for employing those who do II best and
most surely, whether British, American, any other
bankers that transacing business in times OF peace
when the world IL governed by commerce and not by
gnnpo wder should blush for my government 10 see
IL undertaking TO do business IN manner calculated "a
bring itself into dIscredt, 10 violate Its treaty oblga
tons by undertaking 10 make contracts with the self
constituted agents OF other governments The govern
ment so far IL appears here, has done its duty fairly
and IL IL has not. propose 10 leave II at liberty 10 do
might possibly have got shade more, and, II they
not bound, they may do il yet, and believe proposition
slightly better made, and then Withdrawn, bat they
closed with this they say being the whole the bes
they could get; and this gentleman. Mr. James g. King
whom have known for many years a. eminent
banker, and who is himself highly experienced in thess
Matters says that il is the best arrangement the govern
concerned, just such an arrangement as gentlemen
would make in the transaction Of their own private
afaf. II you were going 10 purchase bill on London
whose bill would you get Would you 20 into The stree
aud take Il from the first you met OF whom you
could obtain II al the lowest rate OF exchanged No,
you regarded your credit there, you would 90 to hos,
whom you were well satisfied would honor il when due
among those who have the ability well az the DISCO
ton to carry IL out and not among those who not both
and sometimes neither This the Barings have the pow
to do and were connected with the executive govern
men, | would not consent, IL wished TO preservs
my character or that OF the government, to
this matter aoa upon the faith Of strangers adven
taers and undertake 10 manage out Of the usual cours