The New York herald., 1869-03-10

NEW 70
wish OF President Grant, who set his heart upon hav
ing Mr.. stewart that the obstruction to his Qualinca
ti0n should by means be overcome Mr.. stewart
decided already stated In transferring his business
to other hands In the afternoon OF to-day the car
rage OF the great New York millionaire, which had
been for Q considerable time waiting at o side
trance OF the Ebbitt House. finally drove up 10 the
Executive Mansion and there deposited Mr. Stewart
and Judge Hilton.
An Interview With the President.
Both gentlemen went straight up stairs and sat
down to long conversation with President Grant.
The latter spoke more fully than Is his won't thank
ing Mr.. Stewart for the sacrifice he concluded TO
make to serve him. and expressing his thanks in the
warmest terms, and hoping that the people OF the
United States would be prepared the acKnowl-
edge the high and patriotic character Of
Mr.. Stewards proposal. President Grant was
more than ordinarily warm In his expressions
Of esteem, and Mr.. Stewart good deal affected
by his sincere and hearty endorsement OF his action.
Judge Hilton explained how matters stood, how
lawyers both sides OF the question felt and the
way in which members Of Congress had expressed
themselves the subject. Mr.. Stewart said he had
done his part as faithfully IN his power and
he regretted to find there still feeling abroad
| that he could not accept the position un-
less he did what he could not with
justice 10 other men who were connected
with him do, TO relinquish his business entirely.
In Difference, therefore, to this sentiment, he
thought tnat. after all, his only course to de-
cline. General Grant said, in reply, that "such was
true and he regretted IL extremely for the services
OF no man could be Of such immense value to the
country as those Of Mr.. Stewart To save further
embarrassment Mr. Stewart at once repaired to his
hotel and resolved upon writing letter Of declina-
ton.
Continued Interest in the Question.
In the House to-day the anxiety about the result
OF the Stewart imbroglio was almost great as it
was on Friday last to ascertain who was going into
the Cabinet Every arrival from the Senate or from
the other end OF the avenue gave rise to fresh specu
lations and an incredible number OF canards. At
one time 1t was reported that Mr.. Stewart had re-
signed; another time he was sworn In; then
again he had submitted a new PROPOSE
ton, which Grant had agreed to accept.
The most absurd and unlikely stories found
eager listeners and in some instances believers.
Members gathered in different parts OF the hall to
discuss the matter, and the business before the
House, unimportant as 1t was, was almost wholly
neglected The withdrawal by the President OF his
message relative to Stewart was variously con-
strued. Some supposed that IL indicated solution
OF the difficulty to be brought about by the resgna-
tion OF Mr. Stewart; others Of opinion that the
President had come to the conclusion that the
assignment Of the business Of Mr.. Stewart to trus-
tees enabled him comply with the law Of 1885, and
that he would be installed in the Treasury Depart
ment without further delay. Whatever result might
follow from 1t the withdrawal Of the message was
regarded as step In the right direction and it
manfesty created feeling OF relief at least among
the republicans.
Opinions Of the Radical Politicians.
There Is no Disgusting the fact that from the mo-
ment that message entered the Senate there was
considerable alarm among the members Of the
dominant party lest it should lead to . rupture be-
tween the President and Congress. Among them
selves the republican members Of the House
have been quite free In their criticlms Of
what they term the Presidents blunders. The
politicians, as might be expected, attribute them
to but one cause-to wit: President Grants refusal
to consult them. f he had asked and taken the ad.
vice Of few Senators and members who know
something about these things, he would not have
run himself and the party into this awkward predi-
cament," said prominent republican member Of the
House. 'It will teach him lesson for the future,'
said another. II don't think he win try to run the
machine himself any further" chmed IN third.
"No,n volunteered still another, "It's too big ma
chine for any one man to rum don't care II he had
the wisdom OF half dozen Solomons> ., These were
the expressions Of opinion among republicans con-
cerning the first acts OF Grants administration The
politicians think they have achieved victory, and
they secretly chuckle over the circumstances which
arise as they think, to show President Grant that
he cannot get along without them.
Copy of Mr.. Stewards Deed Transferring the
Profits Of His Business to Trustees to be
Given to Public Charities.
This morning. according to the previously ex-
pressed purpose OF Mr. Stewart he prepared and exc
cuted transfer in the following form OF his entire
interest in the profits OF the business Of A. T. Stewart
h Company during his official term, TO be applied to
charitable purposes. This course met the general
approval Of some leading Senators and members OF
the House, but did not seem to satisfy others. who
insisted that Mr.. Stewart could not qualify himself
short OF an absolute sale and disposition OF all the
property he owns connected with his busness:-
This agreement made aud entered into this 9tn
day OF March, A. ID. 1869, between Alexander 7.
Stewart OF the city and State OF New York, mer-
chant, OF the first part, and william b. Ast0r James
Brown, William L. Dodge. James 7. Roosevelt and
Henry Hilton, also OF said city, parties OF the second
part.
whereas, the said Stewart was on the 5th day OF
March, 1882 duly nominated by the President II the
United states TO the Office Of Secretary OF the Treas
ury, which nomination was on the same day con-
hrmed by the Senate OF the United States and
whereas the said Stewart IL about to accept and
he has been and now IL a MEMBER OF the firm OF
Alexander 7. Stewart Company IN concerned and
interested In carrying on the business OF trade and
commerce both In the United States and foreign
countries,
Therefore II is deemed TO be requisite under the
provisions OF the laws OF the United States that he,
the said Stewart, before accepting the said appoint
ment and entering upon the duti,s or said office,
should to be directly or indirectly concerned
interested in the carrying the business OF trade
or commerce, and to which provision and require
ment OF law be Is dcsirous In all respects TO CONFORM
Now, therefore, this agreement witnesseth that
the said party OF the first part, for and In considera
ti0n Of the premises and OF the sum OF dollar to
im paid by the parties OF the second part, the re-
celpt whereof Is hereby acknt vedged, does hereby
SELL assign transfer and set over unto the parties OF
the second part, and 10 the survivors
and survivor Of them all gains and
profits which said party OF the FIRST part shall may
be entitled to member OF the firm OF Alexander r.
stewart and Company, and arising from the said
firm carrying on It's trade or business, for and dur
ing the period OF time said party OF the first part
shall occupy said office Of Secretary OF the Treasury
vesting In said parties Of the second part and the
survivor OF them full and absolute right
and fia IN uotH onA tl,o