Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-05-28
WASHINGTON CsREEsroNDENCE.

WAsHINGroN, May 2, 1861.
Editors Memphis Appeal:
The failure OF Fraser, Trenholm & Co.
creates very decided impression here in
official circles. The large suit, Involving
four or five millions of dollars, pending
with this house in England, in which
the United States is the complainant, IS
the cause of this interest. The govern
ment is in an awkward condition as re-
CARDS that suit, in view of the failure OF
the hease, inasmuch as the bonds Which
Fraser, Trenholm d Co. had been required
to give by the court for the safety of the
fund in dispute, were ordered 70 be can
celled by the vice-chancelloro on the agree
ment for q compromise entered into oy
Morse. the United States censul at Lon
don. representing the United States, and
Fraser, Trenholm & Co. The United
States repudiated the authority Of Morse,
and protested against the terms of the
settlement. But in the meantime the
bonds had been cancelled. The United
States will make vigorous opposition to
the discharge of the members of the
house in the court of bankruptcy, and
overhaul their books there. The failure
of this house will. it is said, involve great
! loss to persons in the southern states, and
tend still further to depress the price Of
cotton.
The publication Of Booths diary was
| caused by the president, very much, it is
/ said, against the wishes Of the secretary
4 of war. 1t is very clear, from the diary,
/ that neither Mr.. Davis or any official OF
/ the Confederate government bad any
/ thing to do with Mr.. Lincoln's assassina-
/ ton. And yet in spite of this fact, so
/ evident from the evidently truthful
/ declarations of Booth, the officials Rt
/ Washington did all in their power to
/ produce the impression that Mr.. Davis
I had a part in the assassination.
| The public money was freely expended
/ on periured witnesses, to furnish this tes-
/ timony. The mutilation in the diary is
1 s very singular thing, to say the least OF
/ it. It will remain q curious and Fexed
/ question for historical criticism.
The publication Of Baker, chief OF the
detectives, brings up for consideration
again the pardon business, and especially
/ Mrs. Cobb1s agency in it. The state
ments Of Baker, of his interviews with
the president on the subject Of Mrs. Cobb
/ and the presidents fierce anger and viO-
lent alIusion to the secretary Of war, are
very strange morsels of secret history.
/ The public are at a less to know how
much to believe of these startling revela-
tions. The presidents enemies, Of course,
believe them all implicitly, and the ma
jority of the judiciary committee think
them very grave matters. There IS no
/ doubt of the facts that Mrs. Cobb is q
| very pretty woman; that she haunted the
apartments of the White house inees-
sanity, and that she got her pardons and
her money but why and wherefore, II
is more difficult to say. Every woman
has right to be pretty if she cam every
body who chooses exercises the right Ol
enteringL Cie White house, and pardons
| may be specially facilitated without the
president having special cogniZance Of
| each case. It must be remembered, too,
that Mrs. Cobb indicted Baker before the
grand jury, and he was convicted, for al
assault and battery upon her, so that shs
has the decision of the court in her favol
against Baker.
The impression with many observing
persons here is, that the question Of re-
| pudiation is going to assume very large
proportions as soon as matters at the
south get into such position as to enable
the masses at the north to turn their at
tRCiOn to their own condition. The i'm
mense burthen of taxation, the vast anC
increasing expense of living, is genera
ting q widespread discomfort north tha
bodies no good to the holders of govern
ment securities, who enjoy their vast in
come without paying any taxes. TIT
The cry of the mob against the siaveoe
Iacy will be turned against the bODdIn
racy. -