New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-10
SPICT CORRESPONDENCE.
PENNsYLyANGA AND THE ROrIIScIIILps-MR.
BELMONT AND HE PENNSYLVANIA TREAS

PENNsYLvANfA AND THE ROTHScHILDs-MR.
BELMONT AND TIE PENNSYLVANIA TREAS
UEEE.
The following correspondence explains itself:
To me Treasurer Of he state ~ Pennsylvania.
We have received from Messrs y NJ kothschids 4
Sons London ssOssc 10 penn,yly state per ceit
be followed Ia few days by a fuitherlot OF slW~D
Besides these, Messrs Eothschid hold about SHo,W
more OF stock already overdue and becoming due TINS
gsI o ~ ne STATE 81 Penpsylvanla i'm forcing IFS
creditors accept payment III deprecated currency
and instructed us 10 receive payment only under
protest as heretofore They would however. prefer 10
hold the stock II an Arrangement could be made with
your state for continuation Of the loan ahd VIII ohy
accept payment now u compelled 70 do 30 by dscon,
and Mechanics National Bank Of Philadelphia to confer
with you this subject before accepting payment ana
beg YOU will give this matter your scrolls sonsdea
ton let know whether extension a. desired by
Mcssr- Kothschid j. possible Hoping soon 10 near lfo
'V"' We '''''''" Arc. BELMONT 4 Co.
Ner Yort. Jan %. 1903
Messrs ATGUsT BELMONT Co.
GENTLLMN In reply To your note Of the 18TH beg 70
say that no arrangement can be naue ny when tne
Mcsrrs KUschd can retain the OLD loan NOW oVerduel
and draw interest on a. Nou state that should
no arrangement made will be compelled % accept
payment under protest To this have not the slightest
objection Your complaints about the Injustice OF our not
paying you Ia gold may just To you but 20 us they
seem ridiculous l have 40 doubt Messrs. August Bel
der act was passed, which bccame due after gold had
TO premium Of ~ have not yet heard OF their
conscience compelling them To pay ~ gold instead OF the
iegaltender We willing 10 give You the pound OF
flesh but not one drop Of CHRISTIAN blood heSleefG'
Harrisburg. Jan 3d. 1scs.
SIN: have 10 acknowledge the receipt % your letter
81 Goth ulf addressed to house IN reply 10 our app
cation on behalf of Icssrs y NJ kothschild sons Of
London who had Instructed 10 receive payment OF the
Irunsy wanna State stock due, under protest Ia
the state should pay the principal In cOi and Ia case
no arrangement could bc made having m view cOnuu-
alton OF the interest and an extension OF the time OF
redeuplon of the capital MrSrs KOtlschild act IN this
matter a. trustees Of the holders of the dcbrnturcs OF the
late United states Bank OF knnsy vaua residing IN In
gland and on the Continent Of Europe You seem so well
acquainted with the financial transact0n oI states ana
individuals that yOu must know that by these dcbcn-
lures hundreds widows and orphans nave been reduced
To bcggary Mcs-r, ROthschid la Try ing to save for their
constituents AL they can out 81 the wreck nave hiauc
through my house application, which they well IS
deem lust and equitable, ana tins Application was llde
ia "a courteous and respectful manner. In so dong
ROthscnld have evlnccd new PROOF, IT any Wa,
wanted their strct and honorable appreciation OF the
obligations assumed by them trustees for the innocent
holders the most disastrous security ever negotiated
bv their house negotiation based principally upon the
faith Of the State OF Pennsylvania ana ts great DtuAs
institution Your reference TO the haDlhtlcs OF my
honse, contracted in coin ana assumed ny You 10
paid la IS Impairment as u 10 un-
true in point fact. August Belmont Co have never
declined 10 meet any demand Tor the payment IN
nce the ga tender act II they had adopted the
toward their creditors which propose 10 take ON be-
half OF the state OF Pennsylvania toward ber ulOftu
nate creditors represented by the Mcssrs Rothschld,
there might have been some excuse Tor the lack OF cO
osy which you exhibited In your letter 10 them In
conclusion take this opportunity 10 express my regret
that the state Of Pesy should have for It's Treas
rer person who could Tar Disgrace the state ne as
sumes represent and forget the dignity OF the ONCE nc
holds as Ia reply civil business communication IN
manner which the blush OF shame on the cheek
OF every citizen Of that great and honood state am
Your obedient servant, - AUGUST BtlMoNi
William H. kembie esq state treasurer OF the state OF
Pennsy lyania, Harrisburg.
krir- York, Feb. 4. 1865.