Richmond Enquirer

DOMESTIC.

WASHINGTON, June 10.—Some of the Eastern prints are prodigiously divested at a conceit of a Broker in the City of New York, which may be briefly stated thus: The advertisement of the Secretary of the Treasury for a Loan of One Million of Dollars at five per cent. not redeemable before the year 1832 says—

"The sum which may be subscribed, may be made payable by installments, or be discharged in one payment, at the election of the parties; such election to be made at the time of subscription. Upon a failure to pay any installment at the time stipulated, the installment immediately preceding shall be forfeited to the use of the United States. Scrip certificates will be issued by the cashiers of the bank and its officers respectively upon which the entire or successive payments, as the case may be, shall be indorsed. The said certificates will be assignable by indorsement & delivery." &c.

A person by the name of Jacob Little subscribes for 900,000 dollars of this Loan. tenders eighteen dollars as the first installment, being two dollars on each hundred thousand, electing to pay the remainder on the 20th October next, and claiming the scrip, which, if obtained, he doubtless intended to make a penny on, selling it at such advance, as he could in the mean time, get for it; his risk on failing to do so, being only the eighteen dollars he has paid in." This scheme was ingenious enough: but, Mr. Little would have found had he persevered in it, he had "reckoned without his host." There would have been bids enough for the Loan, on terms advantageous to the Government, to exclude his bid from notice: the Secretary having a perfect right to accept such bids from the number offered, as should be most for the advantage of the Government.

From subsequent information we learn that Mr. Little withdrew his bid a la bonne heure, and substituted for it one somewhat more reasonable in its amount, and more rational in its terms.

[Nat. Int.]