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

per demsince he had had the honor Of In this
"A few simple figures viii show the practical result,
Eigy fivs dollars IN London, according to the exist
Eighty Ave dollars il London win cost. a, the pres =
snt rates Of her exchange in New York "a 90
Difference in prof, 800
Nov Nov the contractor, e pay 70 the government s1
on each 800 which expenses. fluctuations in
o os losses q interest commissions and their own
"lt the government undertake g transport the coin g
the city Of MEXICO where i i payable BY treaty that would
above referred o. Ills outlay - saved and hrss and
o e, ss S
nhs shows the area. ayantsse q stopping Tue measure
| One Of the most experienced bankers Of the United
States, who has devoted his whole life 10 the subject
states, his responsibility, that his judgment, bet
,er arrangement could be made Now, II these genllemen
have a competing claim conflicting contract, let them
20 to the Executive and prefer their claims, when they
be settled upon proper evidences and not here 70
Congress. which conceive has nothing TO do with The
MIR. EWING. Mr., President in answer to the inquiry
OF the honorable senator from Maryland lMr PRATT,J u
either Of the departments upon this subject that contract
must necessarily appear in wrtDg either by letters or
some other record on the files q the department know
nothing Of IT. and have Information upon the subject
heard conversation upon the subject while was ~
the department. but do not know what was the result
il did, that contract must, in some way Or other, APP
pear upon the files Of the department This sir is all
and 2 on %os The s asse /.
opposition this BILL cannot consent to withhold from
the country the reasons which induce to resist its
xiv nv entire Misrepresentation lo the poco financial
operation which it is intended to consummate The ap-
preparation which it provides has for it's obecl the en-
places the two last terms Of the indemnity we owe TO
Mexico under British influence and British rule. Sir
am decidedly averse 10 England being in any shape OF
Torrance OF the obligations have assumed in a solemn
treaty towards Mexico am at loss, confess, TO
ceve under what possible contingency we can be sub
ected to her mediation in the transmission OF few mil
lions OF dollars to sister republic would rather
see that following in her footsteps, should constitute
agency there. to watch our interests, and 10
transactions to secure the greatest possible
advantages treasure, and far safely practical
ble the most ample facilities to M exico. E.sl3
demand to know, sir, what be the inducement
that prompts this government 10 dves itself, in advance
OF and half millions OF dollars, at time when its
exchequer is far from being too exuberant eight months
before the first instament OF remaining Indebtedness
becomes due, and when intervening session OF Con-
gress lie hand which will close fully three months be-
foe have cent to dsburse, and thus allow US so
ample time TO prepare and provide for the forthcoming
exigency. Sir the faith Of this government the honor
the dignity of the American people pghted to the
constituted u.s. and not British bankers the debtors and
payees OF the Mexican government Are we come TO
this that being unable TO manage moneyed concerns
constrained TO place them under the stewardship
of foreign hnancers Certainly the government has not
considered the hazards aud dangers which such
might entail What if these British agents Of ours
fail IN the discharge OF the obligations winch
thus unwarantasiy transfer 10 them What if, under
preience OF legal process Issued at the suit OF
British holder OF Mexican bonds the funds destined for
the payment 81 the ndemnity were arrested in the hands
OF those holding them account for Mexico Why
sir. but delay OF few days in the remittance Of the
which thus place under foreign CONTROL would
be mose than enough create fearful political crisis
Mexico, which might overthrow the government, and
open door through which INSCRIPTIONS politician
roaming outlaw would perhaps make bis way power
and obtain the ascendency those whom the nation
had chosen to be her rulers And 10 il when that coun-
begins to hsr.sli from the shock OF her late
disasters, when her patriotic statesmen struggling
against the anarchal efforts OF her demagogues throw
her again into trouble and confusion, when she is the
ei. TO
honorable and distinguished sons 10 fair and prom
sng for the futare prosperity and greatness OF that
public shall lend ourselves any scheme financial
other wise. which may by possibility enable British in
huence, by advancing the interests OF some political pet
10 subveu and overthrow a government which shows
itself fayombly inclined toward Ne, and 80 well dis
posed TO assist healing the wounds which the ncapacy
VI former rulers brought to nfct upon herr Sir
should have eye TO the relation IN which we stand TO
that country, ourselves how wish that history
should take charge OF our dealings with her. We
bound in honor to afford her government every ASSIST
ance in our power, and 10 AID them in eSrcang them
selves from their present difficulties. Oar wish ought
to be. as our policy demands, that they be
tented, happy. and powerful people. They can make
bo, tbsf will benefit us Her quiet. her peace. her
prosperity, ought TO be equally dear 10 and would
certainly be delinquent In what owe them, IL we
suffered their 10 be controlled by hands that
might day other lend themselves 10 psfayze their
and through that paray bring TO absolute
subservIsncy the views and interests OF unscru-
pulous and corrupted ambition.
But, SIR independent OF the political considerations
which have thus attempted 10 sketch, in the haste
and hurry OF the debate Unexpectedly forced on
me, there are other which should moderate
our ardor, and render dstrnstful 10 the
| immediate bearing-f the financial bearing
OF the measure which called upon TO sane
ton bv the passage of this bill n am weIl.informed
the contract entered into BY the government with Messrs
Barring Brothers Co., OF London allows only 10 the
American treasury premium OF three and hall per
cent, WHILE from the data furnished by the memorial
presented behalf OF Mr. Marks, OF New Orleans, the
government might have obtained, and may still obtain
four and half, and without the least possible danger,
as the government would only have to provide the fund
in New York, where II would be discussed upon the
receipt and full acquttance OF the Mexcan minister fully
empowered thereto. This alone would have created
a difference in favor Of our treasury OF upwards Of
besides, have been kind on our part 10 have as.
sisted Mexico in redeeming her government from IT.
financial difficulties. by allowing her directly The use
OF her own means. instead OF putting i In the power
Of foreign bankers 10 speculate upon her necessities
and crush her under the pressure OF heavy
discounts and of runous sacrifices II would seem, in.
deed, that no contract IL be obtained this side Of
the water, sording the advantages and security which
these foreign bankers afford.
Mr.. DICKINSON / Deg the honorable senator's par
don did not say anything OF the sor Bat the honor
able senator may have 80, II will subserve his argu
ment
Mr. SOULE. The gentleman said that the government
must be left choose whaeve bankers
responsible, and most able the performances Of