The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1874-11-14
From schucker,s Lie Of Chn.e.1
A Noble Answer.
NOTABLE LETTER FROM cHIEF-JUsTIcE CHASE TO JAY
COOKE, DATED JUNE 2, 1868.

| NOTABLE LETTER FROM CHIEF-JUSTICE CHASE TO JAY
COOKE, DATED JUNE 2, 1868.
-'' You informed me two or three weeks
ago that you had purchased 800 shares of Phila-
delphia and Erie Railroad stock for me. At that
time l was expecting means of PAYMENT from the
sale of a farm in Ohio, and would have been glad
to hold the stock for income. The sale, however,
has not yet been effected, and | have, therefore,
not been able to make payment.
"This morning | have yours of yesterday, no.
tifying me that you have sold the stock at an adj
vance which gives n profit of "a, 200 on the trans
action, and you inclose me a check for that
amount.
"As l had not paid for the stock, and did not
contemplate purchasing with any view to resale,
| cannot regard the profit as mine, and, therefore,
return the check for 1920. 1t is herewith in
closed.
81 am much obliged to you for your willing
ness to regard the money paid for the stock as a
temporary loan from you to me. But I cannot
accept the favor.
when Congress, at the last session, saw fit
to elothe me with very large powers over cur
rency and financial movements, | determined to
avoid every act which could give occasion to any
suspicion on me to affect markets unnecessarily,
or at all, with reference to the private advantage
of anybody. To carry out this determination
faithfully, L must decline to receive any advan-
tage from purchases OF sales made with views to
profits expected from the rise or fall of market
prices.
" For these reasons L must decline to receive
the check. For, in order to be able to render
the most efficient service to our country, it is
essential for me to be right as well as to seem
right, and to seem right as well as to be right
The British and Spanish Cabinets continue to COM
municate officially concerning the case of the Vir-
ginius. Lord Derby urges the Madrid Ministry to
settle with the Queens subjects at an early day.
The Spaniards reply with fine promises, as usual,
and add a sort Of pitiful appeal for an English hold
of on account Of negotiations which are pending with
the United States, and which may terminate in hamp-
ering Spain If the Americans find a precedent in
the payment Of an indemnity to England. This is
Spanish diplomacy all over; a cunning effort to
cloak a dishonest intention. hoping to cheat a very
sable parsonage in the dark.
1t is a merited compliment to Don Carlos that
three of his brother BOUrbons have agreed that he
shall be regarded as the head Of their house. They
even invest him with 50 the presumptiYe right to
the throne Of Frauce-a phrase which. if correctly
leaves De ChambOrd out in the cold. So
far as Don Carlos struggle in Spain is concerned.
the new recognition will not strengthen his chances
to auy extent worth noting; and as for his presump-
tive heirship to the French throne, it would not
bring a franc under the hammer. But then, the
Don is the bravest and most enterprising of his fam
ly, and If the family must have pretensions, why lie
IS the fttest 10 wear them. .