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12 Conservative. i
The Louisiana Purchase.
( Continued from page 9. )
the privilege of depot for our citizens.
The Americans of the whole valley sud
denly became aware of the frail tenure
by which they held their commercial
privileges. They became angrily excited -
cited and were ready for immediate war
and the capture of New Orleans if the
depot privileges were not restored.
The report of the retrocession was af
terwards verified , and the title to
Louisiana was again in France. It had
been effected by a secret treaty executed
in October , 1800 , but the terms were not
published until many years afterward.
The Americans of the valley , foreseeing
the closing of their only commercial
gateway , flooded congress with their re
monstrances , threatened to take meas
ures for their security into their own
hands , and boldly announced that their
national allegiance depended on national
protection. The more violent among
them indicated the possibility of organ
izing an independent republic west of
the Alleghenies , of seizing the control
of the Mississippi and its valley , and
expelling both France and Spain.
Jefferson's Idea.
President Jefferson became profound
ly alarmed by the energetic action of
the west. Ho wrote to our minister
( Livingston ) at Paris , that the posses
sion by France of New Orleans would
force the United States into alliance
with England. He summoned Monroe
to go with all speed of preparation on a
special mission to Paris , the object of
which was declared to be to purchase
\ Now Orleans and the Floridas , or so
much of them as the powers in posses
sion could be persuaded to part with.
His purpose was wholly limited to the
question of acquiring lands or perma
nent depots on the east of the Mississip
pi , and on the rivers running through
Florida , for the convenience of our
commerce , which required outlets to the
gulf of Mexico , the northern shore of
which would now be wholly controlled
by Spain and France against the inter
ests of the United States. This control
by two foreign and allied * powers was
rightly regarded as more dangerous to
American interests than was the sole
dominion of Spain. France under
Bonaparte , then first consul , was a much
more dangerous neighbor than the King
of Spain. The simple presence of
French sovereignty at the mouth of the
Mississippi was a provocation to the hos
tile fleets of Europe , and particularly
an invitation to the fleets of England
to enter and seize New Orleans and the
mouths of that great river. This would
establish Great Britain , already in
trenched upon our northern frontier , on
the other flank of the young republic ,
involving a thousand dangers to our
growing interests in the newly settled
valley of the west.
French recklessness of international
obligations on the high seas had already
been disastrous to our commerce on the
Atlantic ocean. Eastern merchants had
numerous and just claims against the
French for their seizures of our vessels
and cargoes on the ocean , and now they
wore to control also the commercial out
let of the continental inland , and to in
vite thither the presence of warlike
fleets. The instinct of danger which
developed itself in the west was fully
justified. Jefferson , who during his
long residence in Paris had become im
pregnated with French ideas and French
sympathies , was slower in appreciating
the dangers than were the people of the
valley. Indeed , his adhesion to French
ideas and French interests had years bo-
( Continued on page 18. )
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AT CLOSE OF BUSINESS JULY 31 , 1900.
ASSETS
Loans $9,440,888.10
Bonds , Stocks and Warrants 1,261,200.47
Real Estate 1,231,914.57
Miscellaneous Assets 9,205.58
Due from Banks and Bankers 1,111,501.91
Cash 4,030,418.55
$17,091,214.18
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Capitalpaid up $ 500,000.00
Surplus 5,750,000.00
Undivided Profits 1,926,895.63
Deposits , Banks and Bankers 1,084,015.95
" Individual 7,830,802.60
$17,091,214.18
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