Letter

Edward L. Plumb to William H. Seward, April 23, 1868

Mr. Plumb to Mr. Seward.

No. 118.]

Sir: A further auction with the sum of forty thousand dollars, for the purchase of bonds of the English and Spanish convention debts by this government, was held on the 21st instant.

I transmit herewith, for the information of the department, translation of the order directing such auction to be held, and of the official report of the result of the same.

It has been a subject of remark that the only person appearing as a vendor at this sale, for both of these debts, is an individual who is reported to be a confidential agent of government officials.

I have the honor to be, very respectfully, your obedient servant,

E. L. PLUMB.

Hon. William H. Seward, Secretary of State, Washington, D. C.

Auction for the purchase of bonds of the English and Spanish contentions.

The general treasury of the nation sends to us for publication the following:

Result of the auction held to-day with the sum of forty thousand dollars, destined to the extinguished English and Spanish conventions.

EXTINGUISHED ENGLISH CONVENTION.

Mr. Goytia sold, at thirty-six per cent., $41,666 66 for $15,000 cash.

EXTINGUISHED SPANISH CONVENTION.

The same Mr. Goytia sold, at fourteen per cent., $178,571 43 for $25,000 cash.

RESUMÉ.

Amount of bonds canceled $220,238 09
Amount of cash sold 40,000 00
Gain to the public treasury 180,238 09
Sources
FRUS u2014 Papers Relating to Foreign Affairs, Accompanying the Annual Message of the President to the Third Session of the Fortiet View original source ↗
U.S. Department of State, Office of the Historian. Papers Relating to Foreign Affairs, Accompanying the Annual Message of the President to the Third Session of the Fortiet.