The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-04-02


failares amounts r. tree hundred thus md dnla-s
Three gesis interest," this per psr
anorrD, every dosr Of which hAycacsaaay p4ti .
sl0s GOO, niakng 10 ALI kl06 .000
venture 10 ssy hat when tho Of tho service
in galch se wre engaged - frly coasiaerei, no fair
minded ~ ueny tsAt moral oei.g asoa rass
upon the uriHd states 70 indemnity though We
Dighi be- iyr Elved agaDst such naemoh sison by the
codton % our coatrast The fatal ally pes
the war iJep L.
Ne ssSe ne agcats employed, oar mssss ana credit
we,e nsesyed, tho tosnsr wss sacr'eoei he iatt "a
iy i1paiTeo, and al H. thc interest VI rhe geyerinelt
We thar case tce account OF the ear 1897 JraIress
eaa r*e cIs 20 EiaAe the nsnl sppr.p Atons or tae
foilowi largo srlny WIS nrdGied isSp close
quarters ths gufy h,rt OF vast wilderness, twelve
hui urea mica .roc rbe frontiers, and surfouaoed oy
powerful, eetlc hostile eopulatgon rhey mast
he relieved BY cup sies T., toi ssrded carly the
c8fa1e rhese supplies were vat N AMOUNT re
qairpg, have said, four thousand four tlndsed va
gre City hree Thousand head or cattle 70 90 toe
eethei, sonid formed continuous train allow ng
cor WORKING distances ter each wagon vi one hun
dTed and nifty miles IA length.
TIE War Iepa tm.rr mad advertised for pasties b,
undertake ths S,t single bidder presented
himself. Ny hrm entered into another agreement, hxiby
tue ratesat about $40 per huadred paunds; but ton
grees "A neg octcd toe usoai appropriations.
The work oenaoaed greatly exceeded my exp
required lie, c-edlis ~ der 70 ecaba TO per-
form it. ] Informed the late Secretary III Var OF
the difficulties haa 70 conteno with; ana urged upon
him the optioa ~ plan by winch PEI sons al
vspcpg money should have the c-eat and oebei Of our
contract IL NY sok, hut thaS Of NE govern
ment, &nlcn WAS 10 Dc Done IbC troops UihEt Do
and ciotne Il equcd millions vi dollars 10 Transport
the material failure would utterly d.sgr
the am'ns.ya,on ana the country; Congress bad &c ap
proprjsIed dollar
Unoer these circnn, stances it was determ ned with
sole view OF ensbing me to raise m me, TO transport
maze the Var Department THIS the origin OF
The acceptanc. winch much bus aud
the issue Of VIII he's trawn upon myse AID tic late
Secretary at War such Untneasufed abuse.
10 Gay duty 10 discuss the legal authority Of the
Secretary 70 Issue these ep,ances L Is enough for
To know that the army of Ctah could not hee
relieved without tn credit they extended - Every
dollar obtained from their negotiation Tas employed in
The service o, the government which issued them and
II has been from the delivery 10 OF the FIRST
down the last Of their issue Had the profits OF Tn
great rk pc formed by me been sufficient ~ e,tan
lisn the pecunary ponsblity OF my house, had
Congress paid what justly our due there never
would hav been any necessity Tor rcsortng TO accept
ances' 10 enable US 10 carry GA our TRANSPORT alton
Embarrassed by the failure o the government 20 do US
Justice, aud Compelled 10 pay high Rates Of interest
have never been able TO withdraw these accepances
from The market 10 have withheld them from us, after
Their current use would have driven us any time into
iluioation. Hence IL when Secretary Floyd ad-
monshed By tho President again issue these papers,
Uniformed that gentleman that refusal further aid
would break up TIE entire work OF ansportatiun, aud
lead ~ heavy sses thereby on the part OF the govern
ment knowing that officer did the almos, boaatess
efforts had lrry the work the 3yern-
ment, for large pTttun OF which had enev-r been
PAID and OF our sincere determination 70 protect the
paper Issued, he consented, against tho rem1n.
stran; Of the President 70 turtber a,a lie
cd believe because no knew the merits ard justice Of
our post! rs az CoutrdCLTS now neaSlty We nai
suffered on account OF the failure OF The government to
satisfy just demands. The gross OF the IN
debedness of the governm nj arising wholly ont o. tue
trausa tlons OF the 1857, exclusive Of interest
f9h5 $50. The sacrrce OF this laid the fonnda
lion Of ali difficulties The accumuiat)ns OF wears
thus swept away Nor Can ] forge, that thes
llatons, tIns sacrificed have gone in reality
the treasury OF The upteo States What was taken
from us vas saved 10 the government Our losses
its gains.
The Of 1858 was undertaken more in the bo2e
by remaining in The work Of Transportation OF securing
rdem, caton for past sacrifices than OF future profits
and so 1t was the succeeding years. even down 10 The
last.
The government had had my services, and every
means could command for the best prt OF my life
Every dollar could raise had been Appropriated to its
work End every faculty and power VI my MIND and
body had been devoted 10 its service
The acceptlrces gwen my house were largely nerot
ated in ihe Eat and West during the years 1885 80 aud
go. During the latter season work postponed
TO later period than usual thus cutting OIL receipts dur
ing the summer months In June, July, August sep.
temper October large amounts OF the ucceptluces
due and my anxiety ami efforts were very great W
protect them.
When WAS thus surrounded by enbarrassments, and
whist was at Washington using every excruon in my
power 10 get the claims OF our firm against tue govern
ment allowed aad paid, was introduced 70 Go1a-d Bat
ley, Who as have since learned was dsours,ng Oh
Ger the service OF tho government. Before meeting
with him and forming his acquaintance. | had learned
that nc was an able ana influential lawyer VINO would no
are TO assist me in my business with the War Depart
All the circumstances attending the formation OF
hts Inquiries respecting the acceptauces
OF the War Department and the probable effect upon The
seCret1ry W U tHeir beiEK
length my published ststeneut made the Sweet
Committee OF the House " Representatives., and need
not repeat them II Is sufficient 10 say that he Ia
formed that ne had come state socgs NJ his com and
which light for purposes Of typota.cat.on, II
return shem IN ninety days. tod nim that had
doubt my ability o. return them that time enc
loan accordngls effected, and proceedod the
Ming OF he day to New York with the State stocks,
them in the manner and for PURPOSES already
indicated. when obtained them and pledged them for
money, with VIII en- TO project the maturing aceeDances
OF The War tment was wholly ignorant 81 tnetr
true character THIS satemf mt made TO the Select Com
mittee the solempities OF judicial oath |
awace at that time, nor for Two or three nontns
thereafter that there Indan Trust bond in exist
ence IL was only when Stocks Declined ana the parties
with whom bad maize the hypothecstion notified
thai sell them have additional deposit to
make good the margin that learned their charac
ter returned to washington ana cent TOR Mr Baey,
with The 81 informing hin that would noi be- able
10 return the state stocks which had borrowed from
him IN the time stipulated agreement. 10 tho
Interview which tnen nad with him, told him - ine
cemand thai had made upon me by the parties
who ned Them 70 increase the deposit and o the bntce
Of their TO sei them unless such additional
deposit made. dc tnen told me, for the first time.
that tbey belonged 70 the ladan frust fund tn dis
cteure completely overwhelmed rne. l. added cntauge
ment 10 embarr sssment instantly ssa With III.
reality how difficult II would be 10 extricaie self
from my unfortunate dilemma had no means ut my
Command with shicto redeem the hyporecated ennos,
and they likely to be sold feared that
be able ever 70 recover them. The government owe-
frm will he from this PAGER toe iosses sGf
reghts y 1857, exclusive OF Interest sa55,55o From
motives OF policy only portion OF this claim has been
presented Tor adjustment - The department acd Cong es
kneg the goat difruty os securing payment
large amount md presented 10 procure 40 eu
orseshent Of the principle involved, and III the hope,
afterwards, 81 obtaining the entire amount Tho dc
partnent in possession OF all the facts aud far
{ able to iurge, had taken excep.
ton 70 the ca ITSELF without pretennBgt 10 understand
fully tic justice OF each particular thereof TIE
late Secretary OF Var tn hs published sts'emeat,
that we're entitled 10 "moee thsu half mition OF
dollars"
When discovered that The bonds had borrowed add
hypothecaed belonged 10 the nd.au fruI innd would
have freely gwen the whole Of this large claim ana
everything wa worth besides 10 have oeen aSie q,
that mcmn nj 10 restore the Other accepanccs OF
War Department then turing aud likely 70 10
protect. Tbs knew woUid q, impair the credit Of
r az ~ render the sale OF tho bonds certain and their
recovery impossino bad no tiine q devote to cain
reflection. week ten days 'gat have ena tied
20 mature some plan by which 10 recover md
them but, IN the meantime. they werc likely 70 D. sol1
Then, AMI IN that event ] knew that the govern
ment occeptabc's which had been issued ~ nrm
under crcuust.Ices That placed mo unc er the high
ost possible obligation 90 protect thrfn, ncvi.
tably GO 10 protest In the stress q my didcuities
Hss IN DO condition, and as have said before had
time Spiy the rfppOusihiay. the htad q