Mr. Pike to Mr. Seward.

No. 69.]


* * * * * * * * * *

The last mails have brought us Mr. Chase’s report on the finances, which was looked for with much interest in this money-lending country. Its exposition is assuring, and its tone is regarded with much satisfaction. Should Congress follow in the path he has marked out, American securities will begin to improve from their declining condition here, and a basis be formed for future loans.

I have the honor to be, with great respect, your most obedient servant,


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