The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-12-02
Tno Fraser, Trenholm 6: 20. Settlement.
The Washington correspondent Of the New Yorl
Times telegraphs to that paper, under dato of ths

The Warrington correspondent Of the New Yorl
Times telegraphs to that paper, under dato Of tne
27th ult:
The peculiar character cf Mr.. c. C. Washburn'i
resolution on the Z. user, Trenholm 4 Co. settle
ment, passed yesterday, has attracted attention
Among other Information which it called for was
whether contract has been made by the Govern.
ment whereby some person is to receive large
share OF the proceeds for efectng settlement
On what Information this inquiry was based does
not appear; but it can be stated in advance OF the
reply to the esciulion, that no such contract has
been made by the Government. That the basis oi
settlement as recently agreed upon between the
Treasury Department and the American partners
OF the firm III person, established the principle as
well as the terms on wh!:h tue c.so Is to be set
led. This principle was that all the property in
tho hand, Of Fraser Trenholn. e. Co., or OF their
English partner, Prioleau, belonging to tho
called Confederacy on tne Oh Of April, 1855. tho
date of its dissolution, became al once tho proper
ty OF the United States without liability for any
debts due By tho said Confederaoy to Fraser. Tren-
colin Co. This settlement gives the Govern
ment five or Six ships, the altons' cotton. worth
S2O 600 sterling and considerable other property.
Judge Rsddeld, the authorized agent OF the Gov
ernment, is now IN England, to complete the set
tlement on the above rms.
The Washington cores oondsnt of the Boston
Advertiser, alluding to the same subject, says:
The reply OF the Secretary Of the Treasury to
the resolution OF General Washburn, OF Wiscon-
sin, calling for information relative to the settle
ment with Fraser. Irennom l. Co., will be an in
tersstin2 document. It will probaby cover copy
Of the paper signed by the members Of that firm
in this country as the result OF tho conference
some weeks ago with thu Treasury Do artmeut.
The negotiation for the Government was conduct
ed by Assistant Sec etary Chand er and hon. Ca
leb Cushing, and resulted i manner entirely
salts .actorf. Mr.. Trenholm's attora and one
member Of the hrm came up hero from Charles
ton, and atter considerable consultation, signed
papers conceding that the Government is entitled
to all the sp oitc Confederate property which was
in their hauds the ninth Of April. 1855 tina. be-
ing the day OF Les's surrender to General Grant.
This concession gave the department four or five
ships OF war; and cotton to the value OF twenty
thousand pounds sterling.
The Trenholms all conceded that they could
make no claim OH this property for debts due to
them from the Confederate Government, and fur
toer that the United States arc entitled to state.
ment # the account between tho Con ederate Gov
ernment and Frnser, I Iei holm g. Co., as it stood
on the said 9th CT april 1855; and to the receipt
Of ny money found 10 be due on that day from the
said firm to the said Confederate Government This
agreement was taken to South Carolina, and suhse-
quently signed by al the members Of that firm
living IN this country. Three or tour weeks ago
Chief Justice Redfeld, Of Vermont, sailed for Eng
!an 10 close up the business with the partners
living III that country, and 1t is presumed that the
matter Is concluded before this time.