The daily crescent., 1850-09-27

Mr. Jones said he intended to move TO amend
the amendment by striking out Secretary oil the
Treasury" and insert the president OF the United
States" and thus leave the responsibility with the
President instead of the Secretary of the Treasury
Should his amendment be adopted, it would leave
the responsibility where the bill now leaves it.
Mr.. Carter was opposedto making an appropria'
ton nine months in advance TO meet TINS lnslal |
ment, and thus to place the funds OF THIS govern
ment in the hands of British bankers, for that
| period of time, for whatever per cent they were
| willing to pay for the contract He rather pre-
ferred to pay the money Immediately 10 the NieAi'
can government, and take the receipt OF the Mext
can minister at our Court for the payment, and run
the risk even of revolution, and the overthrow Oh
the government there, than run the risk oil Inc
failure of the bankers, who, by contract, made
nine months in advance, undertake. Tor three anu
half per cent, to make the payment 10 NeAco
when the nstament becomes due.
Mr. Ewing was opposed to making the apprO-
nration until the next session. There was, he said,
no necessity for it. He said the government run
more risk by entering into contract with bankers
TO make the payment nine months hence, than II
the money was paid in advance TO the Mexican
, Mr. Bayly said in making the appropriation now,
The government ran no risk to the responsibility
of the bankers for not one dollar would be paid to
the contractors until the receipt of the Mexican
government was given to the United States.
, Mr.. Vinton said that the two previous install
ments had been paid under Dill oi preclsely lhe
and he saw no necessity of the change. lie
A alluded TO the fact that Mr.. Walker had made a
contract with the Barings, in advance OF the pas
4 sage of the BILL for the payment OF Inc hrst lnslal
- ment. He then believed that it had been TO the
q advantage of the United States that he did so.
. And so regarding it, he had pressed the passage OF
: the bill upon the House. 1t was passed.
. The present administration, so far as the contrac
II in advance was concerned, have acted as thei
1t predecessors acted If the transaction was wrong
II now. it was equally wrong then ; but he did no
10 believe it was wrong either then or now lie be
Iieyed it was to the advantage OF the United state
ie that such contract should be made. However l
N might be, the bill did not recfy any existing con
tract but simply made the appropriation, as II wa
c. its duty to do, of the necessary amount OF none!
to TO meet the insalment when falling due,
j. Mr. Disney declared his intention by his amend
he ment to break up the existing contract made By
the Secretary of State If bankers were to b.
ht used he thought it more COnsonant with the prn
" cipes of our Government, and fair dealing, t
nd throw the matter open to the money market. IN
ee adoption of his amendment he Contended, woul
not relieve the President and the entire admins
e. traton of the responsibility for the proper admin
on istration of the appropriation in the bill
a Mr. Bayy closed up the debate advocating tn
nd passage of the bill without amendment. He weI
. on to show that the Government could run no rsr
IN if the advance made in anticipation OF tn
3D. time when the instament was due, to these banH
ro- ers alluded to for these bankers-the baring
Aspinwall, and Corcoran Il Riggs, were larg
de holders of Government stocks, and their secur
| tn the Government would be the hypOheCatlon
Id these stocks. He said this Government wou
ice lose some S22O,OOO by the postponement OF Il
as passage of the bill till next session. He urged,
OF another reason that the appropriation should /
an made now, that we had millions lying idle IN Il
"a | Treasury.
eo The amendment of Mr.. Jones was adopted, al
we the amendment of Mr.. Disney, as amended, W
.sf rejected.
aI On motion of Mr.. Bayly the Committee rose al
.iot reported the bill.
r+ The House then adjourned.