The New York herald., 1875-02-12
TIE SENATE RESOLUTION.

From tho NEW YORK HERALD washington des.
patches, June "a, lS7OJ
PRESIDENT GRANTS REPLY TO THE RESOLUTION OF
TIE SENATE.
TO THE SENATE OF TIE UNITED STATEs:-
In answer 10 the resolution OF the Senate Of the
lth ins In relation to the Transcon tlnen.al Men,
phis, FL pasO ana Pacific Railroad Company, I
transmit reports from the Secretary OF Sratc aud
the Secretary of the Interior, with accompanying
papers. U. S. GRANT.
ExEcuTrvE MANSION, WASHINGTON, March 10,
1870.
Mr.. wAsHBUENE TO MR. FISH.
LEGATION OF THE UNITED STATES)
PARIS, June T. 1859.
Srn-I take the liberty to send you, enclosed
herewith, certain advertisements, documents
&C.. IN connection with what is called 'The Trans.
continental Memphis Pacific Railway" The ad-
vertsemcnt has appeared IN nearly all the news
papers OF Paris, besides being pacarded all over
she city. the bonds OF this company have been
put on the Paris BOurse, aud am advised have
been sold 10 the amount OF l5 COO francs. Many
inquiries have teen made Of me by persons who
have Invested In these bonds, but am unable to
answer them with the exactltude could wish. 1
have my own opinions touching THIS whole bust.
ness, but shall guard myself In expressing them
until nave correct Information, as 10 not wish.
TO do any injustice to the company.
have thought proper to address you on this
subject to the end that you might 1t investi-
gated at the Interior Department, II It should De
coElormable TO your views vi 'propriety, ana have
you transmit inc tue result OF such investigation
send you copy o! letter have just received
from NJ. Malespine. leading liberal editor III
PARIS anu 4 devoted friend OF the United states
Ia.s0 enclose translation OF some articles In his
paper on the same SUBJECT. You Will that the
AFFAIR - making greas talk here. 1 should be
glad TO have this Information ut as early period
as practicable. nave the honor TO be, very re-
spectiully your obedien. servant,
f. B. wASHECRNE.
Hon. HAMILTON FISH. secretary OF State.
NJ. MaLEsPINE TO MR. wAsHBuRSE.
OFFICE OF EDITOR IN CHIEF OF
la fREssB LiBRE, PARIS, Juae 4. 1869.
STI-A company calling itself the "Transconti-
mental Memphis, Ell Paso and Pacific Railroad
Company" has recently issued $4,000 mortgage
bonds Of 500 unuer the lorm OF public suoscrlp-
ton. From personal iniormatton-sor | hved a
long time IN the United states-and on the
strength OF other information given bv American
residents IN Paris | have earnestly opposed she
subscription.
The company OF the Transcontinental pre-.
tends:-
1. That Congress mas voted bill authorizing
its fusion with all tue railroad companies which,
starting at the Atlantic, meet at Chattanooga.
2. IL pretends TO have received great conces.
sons OF land, which II oners AS security.
3. II pretends that tie government OF the United
States has guaranteed to the subscribers an in.
terest OF six per cent.
4. IL pretends that some of the bonds are issued
by the Secretary OF the Treasury, and that the
President OF the United States himself is obliged
TO interfere In case delay OF a single day should
happen to delay the payment OF the interest cou.
pons.
Is 1t possible for you 10 inform me, Monsieur 10
Ninisrre whether Congress has engaged itsefin
this affair." ana II II has voted TINS head one or
several bills sanctioned by the Presidents
have defended the United States constantly
COR the last ten years the United States are more
for me tnan second native land. admire and
love their political institutions. | am proud OF
their successes and their prosperity. do not wisn
therefore. that spectators, without conscience.
should any longer be able to lnIure their credit.
l would not above all, wish to see the moral innu.
encc exercised everywhere In Europe by the great
American Republic lesscned.
Accept. Monsieur lie Ministrc, I beg. the assur.
ance OF my most respectful aud most devoted SEN
tmen;. A. MALESPINE.
HIS Excelcncy Mr.. wAsHBUESE. Minister Pieni-
potentiary OF the United States.
Mr. FISH TO MR.. COX.
DEPARTMENT OF STATE.
WASHINGTON, June II, 1869.
SIR have the honor TO submit Tor your peru
sal despatch OF the Atm inst. No. 5. from MIR.
Washburnc, tue Minister OF the United States to
France and the papers which accompanied IL, in
relation to suspected fraudulent transactions In
connection with what is advertised as the "rrans
continental Mcmphls Pacific Railway"
commend to your favorable attention Mr. Wash
burne's suggestion that an early investigation OF
the matter be made under your direction, with
view 20 enabling him to put an end to any uncer
tainy which NAV exist In Parts In regard 10 the
character OF the scheme referred to.
Will thank you to return the enclosed papers