New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-19
Nespalprk Daily Giba,te
From U.iSHING TON.

Correspondence Of Til. n. I Tubgae.
WASHINGTON, Jan. 10. 1885.
If the Committee Of Investigation ordered ny
the House yesterday, upon the charge thai the
Middlesex Manufacturing Company had expended
So 900 to secure the passage of the present tariff
pursue the inquiry thoroughly and rigidly, some
interesting developments may come to light. 1t IS
greatly doubted if any such sum Of money was
distributed in Washington. Ii the Company ever
furnished il. the Invertebrates were probably those
intrusted with the disbursement, and such coniede-
rates IS they admitted to participation.
Notwithstanding the demonstration made by Mr..
Clingman the other day a majority of the Commit
tee on Foreign Relations will virtually sustain Com
Pauding in the resolutions which are 10 be- reported.
FillibusterIsm has had much Of the wind taken out
of It's sails already and the more conservative por-
tion of the South concur with the President that
this unsvful mode of proceeding is calculated to
damage the object at which they mutually aim.
Our Minister at Paris, Mr.. Mason wrote here
some time ago that he would retire in February II
thr President consented to his stay so long. The
,rrsncempnt was accepted. but now, as the time
drsus nesr no successor has been appointed, or IS
conclusyely Indicated The President has repeatedly
offered the vacancy to Mr. Slidell and urged his ac-
ceptspce under most complimentary circumstances
hut without convincing him that either personal or
political ambition would be satisfied by yielding 10
the reiterated desire There is stronger reason
than appears upon the surface, tor the anXet ol 'he
President in regard to this particular mission CUBA
il the great point at which his policy is directed
and he knows that if the acquisition be practlcaDe
AZ all Paris is the place where the real negotiation
must be conducted ready, expert and shrewd
Minister at Madrid may be desirable as an argu-
ment. but the diplomacy of this question mas 10 De
carried on with Louis Napoleon. Mr. Shdell may
have doubts rs to the feasibility OF the PROJECT ana
therefore be disnclined TO risk his reputation TO
bring home the barren results which attended tho
rash and ill.iudged experiment of Soule. He Is a
man of brains and long headed sagacity, who is NOT
tckled with the offer of this bauble, knowing very
well that his fortune and position IN the Senate VIII
enable him 10 live in Washington and receive court,
instead of going to Paris and paying court THESE
are the difficulties which embarrass the appoint ent
of successor to Mr.. Mason, who Is not uh"lulhg
that they shall continue three years longer
No reliable intmation has yet been given IN
fepsrd TO the place now held by MIR. Dallas. lie
knows that the President desires his return, and he
cannot be ignorant that the pointed rebuke In the
Message was designed to hurry him home. But
Mr.. Dallas is too much of courter to take any
such hints He will hold on, they say here, until
dragged out of the mission by main force. Such Is
the tenacity of patriotism.
Valuable and interesting facts have recently been
collected, showing the causes which produced the
financial reyulsion more distinctly and concusively
than any which have yet appeared. They deny and
condemn the whole theory set up by the President,
that an expansion of the currency and the circula
tiOn of small notes were mainly answerable for the
crisis. 1t appears by figures which are derived
from the most responsible sources, that in the six
Cities of New-YOrk, Boston, Philadelphia, Balti-
more, Charleston and New-Oreans, there were
,525 failures for the year ending December %, in
lvin oh
over 900 in New-York, with about $l3S, 600, 900.
In eighteen cities of the next grade in commerce,
the failures amounted to about S35, 900, 900; and IN
the rest of the country with l57 900 merchants
returned as doing business of $1,000, W0,0OO'
the failures are reported at S37,OOO,OOO, or less
than one per cent on the whole trade. These are
very striking results They establish that excessive
importatiODs and Overtradng brought on the crisis,
mainly to the injury of the great commercial cities;
and also that the actual condition Of the country is
sound The aggregate of all the failures is returned
at 1921 ,000, 900. INDEX.