New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-08-08

falling due in lsl before or Of maturity oesde y, N 2
large sInsunt the Bonds dae IN ls.' am - IN G
redeemed 'ore thyy ial due .hon' Tue h'HieFs VI
iEtm see proper 10 suucndor then' ron
In view 4 thee iact>, - talk about ll' sac u an
iorIa failing g. Iay no n'ei ~ On ,,' -, .,
az, c,rl. r,ver have found existence ~ tie BRAIN 81
med rlsn hor one portc- a.! sardiortnh
Many here hc.ve that three reasons have ha their ~
erc N creaing the late difficulties about tn January
CC.rors First. That there are Bankers IN New YORK
who desired To create panic among holders OF California
Hrd. and Il succr--ul, 20 buy them mp On sPeculaon
secondly That there exists pelpnble evidence that here
Ia c,i.s entertained hy 10 bring dscred the
h.ufo Of Palmer Cook & Go. Of san Francisco a iac;
necessary TO the succe-s Of tie fir; ojetl and By THIS
q, rrye them bufue-- m.u Of the cOuideucen
The stat. Third. Al know here that this house has
ever bee he omenS friends Of Dem crazy aia
in he zeal have lot only employed their personal hl
,uce which, by the way u % great moment, Oui nave
layish,d their private funds without stunt or grn1sn-
when such sacrifices have been doomed necessary 70 e
success o the Democratic party. Differing ho"e'r' m
opinion from portion of the Democracy OF TIE StIi a.
to IFS cJ,d,eecy they took IN ace part II h-'5
the pati winter. 10 bring the senatorial ecu'h an
were tuxou. TO the success o fher h-Fou per
soual friend, NJ. D. G. Bfodrrek, "ho = Aho"h "a
.,oirfrt c fds. ~ t1nf tine for this dstng lhel 0-
soB. ILGy Illus became an OBJECT oi per-, entoh ny
portion If the Democratic press, ana oil me ffy pr
1,oc,og Of this state l also ~ letter wnters oeanDy
T.dct, of New. York and Of portion of the ~ press
Of that div Tie great injury wei NJ NORTH ion
which hi. house have suffered IN consequence OF ilese
ro,eeoinps have forced them, IN self respect 10 decline
- agency FOR M. state after the VHy ment OF the next
Julv coupons and in view OF THIS fact desire you -
old me by your il a;ng one IN er steal IN toe
Civ ~ New York, whom / may confidently rely n
making future payments. II fuc persons can Ie named
q vbrb hevc no doubt fhali have It in my power t.
place future defaults beyond a possibility
It is my fixed determination 10 have nothing T. Do with
aUv Of The parties in SewYork wh1 have been IN any
oaun6r concerned IN the late trans actions 81 which have
rtHrrod. You aware that complaints have been
made BY hessrs. Duncan, Sherman 6 20 and q. hers
that they have been ;Taed with dsresPect by tie al
fora prrss md her s;Ge officers Had tho State chcers
LursuCd different from the one which they 9ld
hey would under the circumstance, have been waning N
seresu.ct Duncan, Sherman Co. have not addressed
sirge letter 10 q State officer e subject Of the late
future Of the State meet her JANUARY payments which
hss not been unwasltUoy auperhods or else cona'nel
sentiments grossly insulting 10 The STATE or her pupic au-
tborifies Had they been dealing with senbarDar ans
they coud hardly have unaffected couy elton ct NOR
se-suI el0rty, spirit more imperious or dc'iHf.s
One Other TACT 10 TIM connection should be known, 2"
enable YOU 10 Judge Of what we conceive TO have been
the policy and motives OF thcse gentlemen a. We CLEAN
from tho c0urse whi y they have pursued The statute
of this State passed in 1851 authorizing the emission Of
the Ciy Bonds Of that year, provides that " II snail be
the duty Of the Treasurer of tins state to nake certain
arrangements for the payment OF the interest on sad
Bonds when the falls due, at least sixty lays be;
"fore the time Of payment. Inc sain
"Traurcr is authorized and required 20 make such con-
"irocs and as may he necessary for the
payment Of sud interest and the protection OF the fslth
OF the state Thee gentlemen would hardly plead ~
OF the existence OF these prov oil las" ye
mt nfR Me Jh dry IF fprd Let did they pen me 70
the proper dbursing officer of the state, whose duty II
was to fmcdy the evil they complained of on the subject
Of the lalurf If the American Exchange Bank 10 meet
The State coupons due January as, nor of their advance
Of fund. neccfsay for that ohocibn on the confary
in ropd succession they dictated letter. OF compliant al
dressed 10 The Governor fo the Controller Of State aud
10 private Bankers none Of whom cond have had ANY
ding 10 do with the case, until It was clearly asceriancd
that the State Treasurer had isicd or neglected TO de-
charge bis duties in the prcmses This afforded new pre-
The abuse which beapcd upon the ,sent Ad
minsirsoD well az the house of Palmer Cn"k Co,
without stint b. TIE opposition press, much t the Preu
dice Of the Sates crcdt-an influence which IL com
with other Of her friends anxious 10 counter
acted.
Your carly attention 10 my request in relation to me
Agency desire TO create, will greatly Oblge would
also be pleased have the cooperation Of the whole Gait
foruia Delegoton md il is res poctully solicited by
Your irie nd aud obedieni seiysu : A. McHtAN>.
fURTHER CORRESPONDENCE.