Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1852-12-10

The same. TO comply with Rll the conditions OF
'he hisl Bond, excepting as 10 the iime allowed
70 lake away and pay lor the said muskes and
aPpendages.
The conditions Of the second Bond were not
fulfilled by Mr.. Law, and no compliance there.
with was attempted TO be eniorcSded by the gov.
ernmenI; consequently, sn n'erregnum in the
transaction existed frOm Ihe ESD jan, 1851, to
The 18th Of Nav of The same yeer, as will ap
pear from what follows.
10 the spring Of 1851, Mr.. Law vas present.
ed TO the Secretary Of war. Hon. c. NJ. Con.
rad. for renewed negotiations on the subject Of
his Indebtedness 10 the Government for The Pur.
chase Of muskels ahd appendages from his i'm
mediate predecessor 10 the War Department
Mr.. Law expressed desire 10 be entirely
free lronI all obligations aud responsibility grow
ing ouI Of The said purchase, giving up The same,
and sOuendering oil securities thereto. To this
proposition The Secretary unhesiIatingly refused
20 lisIeO. Mr.. Law. il seems, had become sick
OF his bargain could. up TO that date. hnd no
market for his military equipments, either for.
eign or domestic, and therefore bis dreams o! q
grand speculation we're unreazed.
Alter considerable negotiation, and al the ear.
nest solicitation Of Mr.. Law for further exIen-
ton Of time o! payment beyond that fixed 10
The obliganon entered into with Mr.. Crawford
il was finally agreed and arranged for the pay.
'menI Of principle and interest in ins'aimenIs
within The period of six years.
BY the terms Of This renewed extension Of
payment, Mr.. Law was compelled to pay the
interest in foil on the principal sum to April LIST,
IF unt, al nd
interest, payable on the first day Of October and
April 10 each year. OF the principal sum. one.
sixth was made payable with interest, on The
first of April, 1864, aud the balance n ten SINH.
annual inslalmenis, on the day aud month in
each year as stated.
il is further stipulated in the agreement pro.
Viding for this This third extension of payment,
that Mr.. Law is &c receive muskeis, in value al
the prices already stated, 10 the amount OF four
i(ths Of the sum paid the remaining lih be.
ing retained as additional security until the final
exlingushmenI Of the debt. And also, that. in
case any inslalmsni or part thereof, or any por.
ton Of the interest, shall not be paid in accord.
ance with the terms agreed upon, The whole debt
shall forthwith become due and payable. And
lhs Secretary Of War may cause all the mus.
kels, not delivered, TO be sold at public auIon,
ant the proceeds after pay ymenl of the expens'
es of sale, TO be applied towards the reduction
Of The debt.
The agreement further provides that the said
muskels and appendages shall remain at The
risk Of Mr.. Law on storage al The Atlantic
Dock, South Brooklyn, N, York, until deliver.
ed aud that The U, S. are not responsible (OI
their safety or preservation and that Mr.. Law
shall pay all expenses Of storage, if any shall
be incurred on that account
The Bond to comply with this third agree
ment for eriending payments, entered into be-
tween Geo. Law aud The Secretary Of War, is
signed by Isaac Newton and NJ. o. Roberts. ia
the presence Of Edwin Groswel, all Of New
York.
The interest paid by Mr.. Law. April Isl, 1851
10 accordance with the terms of this last agree.
ment, amounted 10 upwards Of ($60,000) sixty
thousand dollars. Two payments have since
been made, viz, on the first Of April and OcIo.
bcr last, being both on accoun, Of principal and
interest as per agreement. The first payment
was one sixth Of The whole amount with inter.
est. and the last payment IN Ocl. amounted 10
$24 900 the principal and $1,000 interest ($3l,'
OOO).
Under the operation Of the existing agree.
menI, Mr.. Law hDs Dlihdrdwn from The Public
Stores at the Atlantic Dock, between TWENTY.
FIVE and THIRTY THOUSAND MUsEETs What is
their destination
The curtain being now slightly lifted, the pub.
lie can discover the real cause Of The Crescent
City bravadosms in the harbor Of Havana,
AMI fnd solution Of the cause why "Mr. Law
has determined that Mr.. Smhs shall return to
Havana on Saturday next in the Crescent City