Loudon free press. (Loudon, Tenn.) 1852-1855, 1853-10-21
S'ee'ai Dispatch to the Ne,c York Times,
THE KOSZTA AFFAIR

ne ucFftu Toni some American Instrument OF
u ldisco, who is SO earheZtly engaged in his de-
fence at the expense of truth. He undoubted-
ly speaks 10y the card in this case. 1t is not
true, however, that Mr.. Hulsemann is making
arrangements with Secretary Marcy for Kosztais
release. If our Government had opportunity it
would refuse to receive Koszta, except uncondi-
tionally. But there is no good reason to sup
pose that he has already been freed by agree
ment as above and will soon reach here. 1t is
now ascertaned that Austria hoped to have
sent the news here in time to recall Mr.. Huse-
mann's recent note TO Secretary Marcy. The
cause of this crnging is a fear lest the United
States should get into difficulty with Austria,
and cripple her Navy, which may speedily be
required to assist Russia in the struggle against
Turkey and Hungary. Following is the article
from the Ldeiiigencer alluded to:
eve were not wrong yesterday, we find, in
surmising that the visit of the Austrian minis
ter Mr.. Marcy at Albany, related to the dispo-
sal of the Koszta affair. We now learn that the
Austrian Government, about a month ago, con-
scented to the liberation of Koszta, on condition
that he should be put On board of an American
vessel and return directly to the United States;
and the Austrian Minister at COnstautinOple
was instructed to communicate this determina-
ton to the American Minister, Mr. Marsh. This
consent to the release of Koszta was given, we
understand, in consequence of the recovery of
the Hungarian regala, as related in our last
Paris letters, and in the French papers"
Mr.. Marcy returned this morning by the night
express, and a long Cabinet session has been
held. Commodore Daniel of Baltimore, late
Commander-in-chief of the Peruvian fleet, was
summoned here by telegraph, and last evening
and to-day had long consultation with Mr..
Cushing, was supposed relative to the Chin
cha Island difficulty, with which the Commo
dnre is perfectly familiar. There is scarce a
doubt that this subject will become immediately
matter of earnest and important diplomatic
consideration.
Mr.. Gulhrie's special letter to Collector Bron-
son is distinctly approved of by the President
Notwithstanding statements to the contrary
The Herds here are greatly dis1uieted-
last refuge has gone The letter is addressed
TO Messrs. Bronson, Cochrane and Naval Officer
Its author declares as the view of the President
and all his Cabinet, that they were elected by
united Democracy; refers to the declaration
Of the Inaugural that past differences were to
be forgotten among those who contributed to
victory, and continued to occupy the Baltimore
platform. Ii suggests that a ma ority wing now
stands more permanently on the platform than
when the Hunker co-operated with them, will
lingly, to secure power; and says, these facts
create an imperative necessity that the Soft
wing shall be recognized as integral part Of
the Democratic party, and is therefore entitled
to fair share of Federal patronage.
Judge Bronson is reminded further that his
appointments were confirmed at Washington,
though made wholly from the Hunker wing, be-
cause the collector was believed to have been
actuated by au honest desire, as expressed by
himself, TO consolidate the party. He is told
that he has signaly failed to accomplish that
purpose, although the seven hundred appoint
ments by the collector are almost all his friends.
The Secretary concludes by intimatng. for the
President and himself, that the effort to consoli-
date the party by fair dealing to both wings,
can no longer be permitted to suffer defeat, by
leaving these appointments in the hands of any
individual who shall insist on driving from the
Democratic Union organization, on hmsy pre-
texts, those Democrats who avow their acquies-
encc in the Baltimore platform, sustain the in
augural, and heartily support the Administration
"as it exists" It is supposed here that Bron-
son viii feel compelled 70 resign instantly. $.
Important 10 persons entitled to Dividends on
United States Stocks, and otter Cldimdats.-
We gather from what we learn at the Treasury
Department, that holder of stocks of the
United States, having executed a power of at
torney, appointing constituent, to receive for
him, and in his name and stead, the dividends
then due, or interest, it was held that the at
torney was not authorized to receive any divi-
dends that accrued after the date Of the power
of attorney.
In another instance, stakeholder authorized
his constituent to receive the dividends of inter
est then dte, or which should become due, ON
all stocks he then owned, that were on the books
of the treasury. 1t was held in this case that
power did not extend to the dividends on stocks;
the principal purchased after the date of the
power.
Similar decisions have been male on powers
of attorney authorizing transfers or sales of
stock. The difficulty is not removed by the
general authority to the constituent to do what
ever the principal mi hit perform. If it should
be the desire of the principal to authorize his
TO act for him, so as to avoid the
restrictions of these decisions, he should say:
"To receive all dividends of interest now due,
or that shall hereafter become due, on all stocks
Of the United States now standing in my name
on the hooks of the Treasuary of the United
States, or that may hereafter be so entered.
The same form may be made applicable to
the transfer or sale of stocks, by varying the
language to meet the subject. Whatever pow
er is intended to be delegated, should be given
explicitly Washington Stas.