Daily evening star. [volume] (Washington [D.C.]) 1852-1854, 1853-10-08
Washington News and Gossip.

posed operation on the Government with ref
erence to these bonds Yet we coincide nei-
Their in its facts nor its conclusions. Thus
If Reverdy johnson gave an opinion upon the
procurement of General Hamilton, in favor of
his demands as therein stated, we write it
down worth no more credit than that Of any
other attorney essaying to make out the best
possible case for his client-tban that of Mr..
Francis B. Cutting, tie Generals last en-
ploysd counsel.
9. The action of the late administration on
the subject was not that of Mr.. Assistant-Sec-
rotary of the Treasury Hodge. as we happen
personally to know. Mr.. Corwin only deter
mined on it after careful investigation and
full consultation with some thirty members of
Congress, as to the requirements and intent Of
the law; among them being the eminent legal
gentlemen of tho body The late President,
too, only sustained the ruling Of Secretary
Corwin, after mature investigation. He did
it, because he was clearly of opinion that the
law authorized him thus to protect the & wild
ows and orphans holding such bonds, and
really made it his duty to do so.
3. General Hamilton does represent all, not
q portion Of tho institutions to which VIC re-
ferred to on Friday, the 30th ult., as stated by
our correspondent. And, further, he repre-
sents no other of these bondholders to speak
of, except his own immediate claims.
T. These latter are not for advances made
from his own pocket: as he made mono such
to Texas. He sold plantation after plantation
at the South, in those times it is true; but he
was then up to his eyes in various railroad
and other stock operations, which swept away
his available funds like water, if there be truth
in the general understanding Of the specula
tions of that day. He sold the kanawa bonds
in Europe if VIC remember correctly, and when
hi, difficulty about settling for them with the
Virginia company arose (Which has since been
honorably and satisfactorily adjusted) he plead
been compelled to use that money for her ben
eft in Europe; most Of it going to bride tho
French Minister of Foreign Affairs. Has he
not claim now pending in Texas, for the re-
luuulHS VI tH.s uoucy ou suCu plca
5. He did receive pay-ample pay, for
his expenses and personal services to Tex
as in her hour Of trial. Thus for negotia-
ting the loan of $500 900 which he obtained
fer her from the bank of tho United States, he
was paid 10 per cent, or $40, 900. Texas re-
ceived but $3.50, 900, and he was paid the diff
ference This severe " scaling" of Texas her
self, was ample compensation for all he did
for her.
6. If he had nothing to do with efecting
the passage of the scaling law of Texas, how
comes it that the Bank of the United States
pay him 10 per cent. for obtaining from Texas
the settlement Of their debt, in the manner in
which it has been settled? One such fact ia
worth more than all tho Generals assurances
in his recent memorial to Congress, that his
skirts are clear Of responsibility for the act of
Texas, in preferring those he represents and
sacrificing nearly all others.
I. A plea that "he is compelled to accept
losses on his advances, and those of the par
ties he represents" will hardly 60 down in
face of the fact, that he advanced no actual
money of his own: and that in return for the
$500, 900 advanced. by his clients, (the Bank
Of the United States,l he accepted more
than million of dollars in bonds.
s. As for the plea OF cur correspondent
that he is pursued by unprincipled specula-
tors, and all that sort of thing, it strikes us as
not being worth pinch of snuff, after what
we have presented above. If clear case of
speculation, in connection with the finan-
cal affairs Of Texas ever existed, it is that of
General Hamilton's himself
O. We know Of many whose bonds costing
them from 60 to IS cents on the dollar, have
been scaled to 20 and 30 cents. These, we
apprehend, are the "spoculators at 10 cents on
the dollar" to whom our correspondent refers
10. By way Of illustrating how solicitous
of the welfare Of the poor widows and orphans
holding Texas bonds General Hamilton really
is, we may not inapprOpriately add. that I'M
ly insisting that the United States Govern
ment shall pay out the trust fund, against tho
protest of three fourths of the bond -hol,Iers
the widowed boarding house keeper in this
city, to whom we referred when last treating
this subject, had her four hundred dollar bond
scaled to 20 cents on the dollar, and her two
hundred dollar bond scaled to 80 cents. After
this fashion, Texas, under this law, proposes
to pay such persons for the bread and meat
consumed by her Minister, here, while she
pays General Hamilton:s bank client more
than 81 900 900 for the $500 900 originally ad
vanced; 100000 of which, it will be recollect-
cd, went into the pockets of the self sacrificing
General himself So we go.
THg GLOBE NEWSPAPER RUNoRs.-Wc have
satisfied ourselves of the entire correctness of
the imnreAsinns cnncerninn tho ,,n.x,aa. Ac II. :.