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The Daily Dispatch: February 12, 1862., [Electronic resource] 2 0 Browse Search
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The Daily Dispatch: February 12, 1862., [Electronic resource], War Matters. (search)
, for the use of the army. He next spoke of the character of the steamer Cataline, whereby a vessel worth $15,000 was chartered to the Government for $10,000 per month, and fifty thousand dollars to be paid in the event of her loss by war risks, intimating, also, that she was loaded for private speculation, to be run at the expense of the Government. He showed that her purchase was secured by four separate notes, signed respectively by Jno. E. Develin, Thurlow Weed, G. C. Davidson, and C. B. Matteson. He next alluded to a horse contract at Huntingdon, Pa., when, on the purchase of 1,000 horses, the Treasury was the capital.--He then spoke of Mr. Morgan's agency, showing that although he had paid less than the owners asked, he had also paid more than the vessels cost; that in some cases vessels were charged to the Government at a higher price than the owners received; that the arrangement of Mr. Secretary Welles, allowing Mr. Morgan to take two and a half per cent, from the seller, w