The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1861-05-24
Tho Southern Loan Declined by
London Bankers.

On the 2Sth Of February last, according
to tho New York Evening Post, one j. Sim
glcton Crawford, Banker, Of Charleston, s.
O., addressed letter to Mc~rs. Slope Co.,
Bankers, Of London, making certain propo-
sails for the negotiation Of the fifteen million
loan Of the Q. s. A. The Mcsss. s. 4 Co.
replied on the 22d ult., declining the oiicr
firmly, yet politely. We quote from their
letter, which has somewhat tho smack Of o
canard -
Gas to any success for your Confederate
loan, as You please to term 1t, In the London
money market, We advise you ut once 10
abandon all hope or expectation ON that
point. The people hero have already suffer
ed losses enough in the taking Of tho bonds
Of Florida, Mississippi, Ecuador, Pernam-
buco, Patagonia, Arkansas, and other OF your
Gulph Saies. and they do not, ut present,
feel inclined to renew their acquaintance with
you again in money matters, on the generous
terms heretofore proposed-cven II you wero
not, rs you now are, in open rebellion against
tuc SOh'hkukSu oONShhihNhh VI
the United States.
We, therefore, repeat that you can havo
no success here, in London, in the negotia-
ton Of your proposed loan. Our senior had
an interview with Lord Palmcston on tho
subject Of your letter, and no assured him
that il is the determination OF Her Majesty's
Government to discourage any efforts on tho
part Of the q. S. A. to procure money here,
and you may rely upon 1t that no is IN car
nest.
1t is lamentable that person OF your ap-
parent financial sagacity could entertain, Tor
q moment, an idea that the security to be Of
fcred for the loan by tho &c. =. A." would
enable you to negotiate It here, and by En-
clishmen, too, who have the greatest abhor-
renee Of dishonesty.
The mortgage you propose upon tho forts,
arsenals, custom houses, mints, and other
property which has "ialen into your posses
sion," Is intensely ridiculous. How this
property fell into your hands We are INFORM
ed by your papers. but We have no idea that
our money shall fall into your hands without
some better pledges than tho one you pro-
pose.
The transfer of Florida to trustees! and
the pledge Of the faith and honor OF Nils.
sissippi arc equally ridiculous. Indeed, all
persons to whom we have exhibited your let
ter regard tho propositions rs the best joke
of tho season, and propose to get up farce
at tho Dredry Lane Thrcatrc, to bc entitled,
The Q. S. A., or q New Way TO Secure
New Debts
Then follows this spicy alusion to Jeasr-
con Davis:
Tho British people can have no confidence
In n government ut the head Of which Is
man whs approved and justified tho rilea re-
pudiation Of State faith and honor on rec
ord.
We have his written and printed deelara-
tons Of the fact, and rs we are perfectly cog
infant OF all the circumstances connected
with that violation, VIC feel ut liberty to in
vito your closest attention to 1t.
And the letter concludes rs follows, show
ing what sympathy tho scccssionists may ex-
pcct from Englishmen
There Is nothing 50 revolving TO an English
mans loyalty as treason! There Is nothing
so objectionable to him as the guilt Of him
who could frc on his countrys flag
We hayo tho assurance that one Morgan
did the deed! Had he been elected Prcsi-
dent Of tho @. s. A. wc should not have been
surprised, rs nll that Is true and loyal to
nation seems to have met tho same tate rs tho
claims of the British bondholdep OF Misis-
sppi and FLORIDA. But the raec IL not to
tho swift. Regulators arc honored where
traitors arc neglected.
II you do not regard our opinions with re-
spcct, send your loan to some plant banker
here, and learn, rs very soon you will, tho
value of honesty and the opinion Of our
countrymen.
With small respect. We arc, ns ever,
SlorE & Co., Bankers, London,
Bishopsgate street within.