“It appeared from this correspondence that the bill was carried successfully through the House, and, on reaching the Senate, was referred to the appropriate Committee. Its ultimate passage was very doubtful; the end of the session was close at hand; the Senate was very evenly divided, and the Chairman of the Committee was decidedly hostile.
“The Chairman of that Committee was Senator Ratcliffe, always mentioned by Mr. Baker in cypher, and with every precaution. If you care, however, to verify the fact, and to trace the history of the Subsidy Bill through all its stages, together with Mr. Ratcliffe's report, remarks, and votes upon it, you have only to look into the journals and debates for that year.
“At last Mr. Baker wrote that Senator Ratcliffe had put the bill in his pocket, and unless some means could be found of overcoming his opposition, there would be no report, and the bill would never come to a vote. All ordinary kinds of argument and influence had been employed upon him, and were exhausted. In this exigency Baker suggested that the Company should give him authority to see what money would do, but he added that it would be worse than useless to deal with small sums. Unless at least one hundred thousand dollars could be employed, it was better to leave the thing alone.
“The next mail authorized him to use any required amount of money not exceeding one hundred and fifty thousand dollars. Two days later he wrote that the bill was reported, and would pass the Senate within forty-eight hours; and he congratulated the Company on the fact that he had used only one hundred thousand dollars out of its last credit.
“The bill was actually reported, passed, and became law as he foretold, and the Company has enjoyed its subsidy ever since. Mrs. Baker also informed me that to her knowledge her husband gave the sum mentioned, in United States Coupon Bonds, to Senator Ratcliffe.
“This transaction, taken in connection with the tortuousness of his public course, explains the distrust I have always expressed for him. You will, however, understand that all these papers have been destroyed. Mrs. Baker could never be induced to hazard her own comfort by revealing the facts to the public. The officers of the Company in their own interests would never betray the transaction, and their books were undoubtedly so kept as to show no trace of it. If I made this charge against Mr. Ratcliffe, I should be the only sufferer. He would deny and laugh at it. I could prove nothing. I am therefore more directly interested than he is in keeping silence.
“In trusting this secret to you, I rely firmly upon your mentioning it to no one else—not even to your sister. You are at liberty, if you wish, to show this letter to one person only—to Mr. Ratcliffe himself. That done, you will, I beg, burn it immediately.
“With the warmest good wishes, I am,
“Ever most truly yours,
“John Carrington.”