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

Yes sir; that very advance which unkindy deny
10 Mexico viii be made by England profits extrava-
giant. that hardly dare 70 give them name We have
here before the unqualified assertion that the Mex
can government 10 willing 10 receiyeour money Al
OF our ports. without the Intervention OF any agency
The Mexican government 10 SUNG America TO lei hef
draw her money gradually, and as her necessities may
demand, and lenders premium o. a per cent And
will il be said, when We are offered the very re-
cepts Of Mexico. that any British oanser ps pc VINO
banker can give us better security than the acquttance
Of tie creditor himself. We are also told that The
which s a BIZ essss rnef Eas ss.s ss
eoolh il will not be the money OF Mexico until y u pala
into the hands Of the Mexican sosslamsnt know inii
well as. i ouSa s9 sS e s %s S
not good reason, pretence y lhe
issuing Of such legal process a EnEapd As would soia
and or elssns ihat Crisis 70 which have alluded and
which might be the means Of inducing man i,ke SaG
Ia Anna for instance into power Sir. name me ma
vidual, because his known connexion with those who
have dealt Mexican stocks and Mexican bonds mas maze
him peculiarly desirable as the man most Ikely q n'essS
himself their concerns and to favor their views And
this, il there no other, is sulclent consleatl9n
to induce 20 resist the passage Of this bill wonld
state himself into power and again 10 shame the world BY
his dissolute rule and ruthless tyranny can well mag,
inc how readily he would consent to sanction naa
been done under such circumstances by the Ba
he might enable them to apply portion Of the money
in their hands to the partial redemption Of such bonds
as might be in the hands Of his trends MI MARKS,
the individual the occasion OF whose memorial ths
debate has arisen, intelligent able, honest citizen 81
New Orleans; and so far strict integrity, skill, ana
ability are concerned know q lew men wno sGp 70
this government n no attitude that should make nun o.
noxious the Of the senator from New York He
never presqpsd Y thrust himself upon he american gov
not al a-but presents himself on behalf Of the Mex
can government for the purpose Of transmitting Their
propositions TO this government Sir, II the object oil the
senator from New York be leave this matter under the
control Of the government, he will accomplish his end
through the amendment which have proposed. That
the government the whole responsibility Of the trsnsac-
ton at the lime that il contains an implied recon-
mendaion to use the discretion allowed them as to
make the best arrangement they can, both Tor the inter-
est Of The treasury and the accommodation Of Mexico
Such is the object which had in view when proposed
and sh ss a
render all hope that i may still be agreed TO.
Mr.. FREMONT. / do not like 10 interrupt business;
but the hour has arrived which was set apart or Cali
Mi. DICKINSON think is important to dispose Of
this bill Think get vote very soon, and then
will go with the senator from California IN calling up
Mr. DAVIS, Of Massachusetts shall be very brief
in what say upon this subject We are required SIR, by
pay insalmen 900 at certain periods in the
city of Mexico and those nsalmenis are to pc paid IN
gold silver at that place Now sir we have heard two
New York tells you how they work it, y is Of little i'm
portance that should understand how the last install
men paid There was some liite scramble for the
preference the payment Of that nsament and the gov
ernment understand il, believing il possible that they
could negotiate better IN the city of Mexico than
The bss which hs could o he
ment, and nirused him with the credit OF the govern
ment for that purpose authorizing him 70 draw upon thu
Ing into effect this object Now, what is the result
What is the result when the credit OF your own govern
men, at stake in the materi Why, sit they realize
~
proposed 10 Be gwen that was The result 81 The opera
tion there The result of the operation OF drawing b
upon the government is, that you realize less than 81
Now, the question arises will you repeat that opera
ton in Mexicos The minister, as understand. advises
ihat should NOT be done. il YOU can get the terms pro
posed here-that is, 81 per cent premium. Well think
there are manifest and good reasons for It. And while
say this quite in the remark OF the honorable
senator from New York. thai II is matter for the exec
uve branch Of the government 10 settle The RESPONSE
bty rests upon them as 70 The mode OF carrying into
operation the payment, and tits difficult if not imposs
mes lin IN matter Of this desspon What : proposed
Why, sir is said here that The government has already
into an arrangement with three banking houses
carry this into eiect-one in the city of Washington,
other in the city oil New York. and another In the city
London. Now. why do they go to Londonl have SAID
what the operation Of drawing bills upon this govern
ment is. You 20 to London because BY the arrangement
made TO draw bills upon an eminent house in London
you dispose of them upon better terms, and make
more money That is the reason for going to London
&
But now ibis gentleman proposes TO pay to the govern
ment premium OF 81 per cent. Compare that with
what would be the result provided you undertook to ex
ecue this treaty according to its erms-tha OF trans
porting the gold 10 the city OF Mexico and delivering
there II is admitted believe, would cost the govern
men something like three per cent, If you were 10
dcrtake TO transport the specie from here TO Mexico, and
make the payment there with that specie Instead Of that
the proposition OF these gentlemen is, 10 give you the
privilege OF making this payment in their own way pay
ing 81 per cent premium, making difference OF some.
thing like per cent in the operauon OF the government
That is the effect OF 1.-THE exact effect
And then there is advantage which has already been
spoken oftha II this payment be anticipated in the
way which has been proposed, is much better fitted q
parties concerned and interested in IT, TO draw the bills
gradually than to place them in market at once YOU
perceive, sir at once, that il you TO throw
the whole OF these bills In Mexico, II would cause de.
probation in their value Now under the circumstances
II there nothing else in the way, would any
hesitate for moment 10 his duty in instance like
| this Ni
But there is proposition made here by gentleman
stranger me-that comes in conflict, il Is said. with
this, and oilers better never heard Of this man
at all until heard his read at the foot OF the me
moral presented 10 the Senate. However, the senator
from Louisiana speaks OF him terms OF great respect
disposed TO receive his account OF the gentleman
true. | will consider him as respectable man Now,
VIDA, does he propose TO dol How does he propose 70
government Of The United States a premium Of "A pei
cent upon certain plan OF operation which he has He
tells you, ia the rst place, that he has got act OF the
government oil Mexico by which the minister here is
authorized 10 receipt this money at the treasury, and that
the payment may be made here without the expense o
TRANSPORTATION. That is the proposition, and that is the
statement made This individual tells you another thing
k.I fhu