Daily American telegraph. [volume] (Washington [D.C.]) 1851-1852, 1852-01-13
PRICE 2 CENTS.

that neither in the inception of this affair." nor in
the steady and constant purpose with which we
have followed it up, have we been actuated by
our own pecuniary interest alone. Mr.. Marks
had lived in Mexico many years, during which
time he had experienced much kindness, and in
return entertained warm attachment for her
people. We may say the same Of one of our
selves, who'resided for some time among them;
and IN declaring our sympathy for them, we do
so the more proudly, because we can confidently
appeal in their favor to many wounded Ameri-
cans who experienced, and to Others who wit
messed, their generous hospitality and kind sym
pathies in the late war Mr.. Marks was also a
warm personal friend and admrer of the present
distinguished head of the Mexican government,
and of the members Of the then existing Cabinet;
and his and our attention was drawn to this sub
ject of the indemnity less by any desire to make
profit out of it for ourselves than by sympa-
thy for the Mexican government, and indignation
at the combinations formed by foreign bankers to
plumber the treasury of our own government, as
well as Mexico
But, sir, we have it from high authority that
the laborer is deserving of his reward and the
Mexican government, in availing itself of our la
bors and suggestions, could not, in honesty and
good faith do less than admit that we were en-
titled, as compensation, to some small part of the
large sums thus to be saved to both governments.
And as Mr.. Clayton had authorized Mr.. Marks to
60 to Mexico and urge the acceptance of our pro-
position, aided by and acting in concert with Mr..
Letcher, so the Mexican government thought it
due to US that we should be employed to aid and
act in concert with Mr.. De Ia Rosa in consum-
mating the business here.
As two and half millions of this money was
intended by the Mexican government for set
tlement with it's domestic creditors, like sum
for the foreign creditors, and the balance for the
current expenses of the government, Mr.. Marks
proposed that the Mexican government should
allow us, on the $5,000,000 intended for the
creditors, per cent. out of which we were to
pay to the United States one per cent. more than
any banker should Offer On the balance, in
tended for the current expenses of the govern
ment, we asked of Mexico only the premium we
should have to pay to the United States. Thus
on this last we were to make nothing, and the
difference between the premium paid to the Uni
ted States for accepting (say Al per cent? and
the premium of exchange (say 10 to Is per
cent? was to inure wholly to the benefit of the
Mexican government.
Our compensation was thus to be only on the
\ $5, 100000, and was the difference between the
premium to be paid to the United States (say Al
per cent? and the per cent. to be allowed by
the Mexican government, viz: $175,0
Thus the Mexican government would save by
premium of exchange on the 81, 200, 900 the diff
ference between per cent and 10 to 15 pei
cent, viz !: from 100000 to $3.50, ,OoC
And on the remaining $2,-
100000 the difference
between A. and 10 to Is
per cent, viz from 124, 800 to 237, 800
Total gain to Mexican gov
ernment on the exchg ge, 224 300 to 5S7 800