Pomeroy weekly telegraph. [volume] (Pomeroy, Meigs County, Ohio) 1860-1866, 1861-04-19
From the New York Post.l
The Slope Correspondence.
The Southern Loan in the london Market
---Negotiations Declined.


We arc indebted to Mcssrs. Slope {
Co., bankers in London, for copy o
their letter to Mr., Crawford, a banke
in Charleston. s. c., in answer to hi
proposition for the negotiations of tn
loan in the London money market, o
the s'confederated States OF America,
for fifteen millions of dollars.
Our readers will remember The lette
Of Mr.. Crawford, published in our pa
per on the first of March last
The letter We now give is creditabl
to the financial judgment of Messrs
Slope & Co, and will convince our read
ers-that tho Southern rebellion has NJ
sympathisers in Great Britain.
The tritiing errors of Mr. Crawford
correspondents in regard to the geogra
ply of the United States do not in tn,
least diminish our respect for their ole
fashioned British loyalty and soune
principles.
These We pass over with complacency
The writer's have, however, done goot
service TO the people of the United
States in giving permanent record tc
the name Of the man who is the admit
ted and historical assailant of his coun.
try's fag. Let his name be forever exc.
Grated
H1suorsGATE STREET WITHIN,
LoNpoH, March y, 1861.
J. Singleton Ciow.fGrd, Esq, Bamker
Charleston, s. G.:
Dear Sir: We have the honor to ac
knowledge the receipt of your favor Of
,he 2Sth uitimo, asking from us oul
views as to the probability of the sue,
cessful negotiation Of a loan Of fifteer
millions Of dollars, soon to be issued b.
the Confederate States of America. in
this market, and Offering to cur house
the agency of that Government for the
purpose.
We feell duly honored by the Offer
you have made, but in the.present con
dition of things in syour country. We
must respectfully decline your PROPOSE.
tions.
We are not in the habit of accepting
propositions of this nature from persons
unknown to Us, and as we never had the
favor OF. previous communications from
you, and do not know anything of the
character and standing Of your house
we feel justified in declining your offer
As to any saecess Of your Confeder-
ated loan--as ya please to term it-ip
the London money market, we advise
you at once torahandon all hope Or ex=
pectation on that point. The people
hereshave already suffered losses enough
in the takingsof the bonds of Florida.
Mississippi, Ecuador, Pernambuco, Pat.
agonia, Arkansas, and other Gulf States, y
and they do not, at the present, feel in
clined to renew there acquaintance with
you again in money matters, On the
generous terms heretofore proposed
even if you were not, as you now are, in
open rebellion against the lesitimately
constituted Government Of the United
States.
We therefore repeat that you can
have no success here, in London, i'll the
negotiation of your proposed loan.-
Our senior had an interview with Lord
Palmerston on the subject of your letter,
and he assured him that it is the unani-
nous determination of Ter Majesty S
Goyernment to discourage any efforts on
the part of the c. S. A. to procure
money here, and you may rely upon it
that he is an earnest.
It is lamentable that a person of your
apparent financial sagacity could enter
tain, for moment, an idea that the Sc
curify to be offered for the loan by the
&C. S. A" " would enable yoe to negotiate
it here, and by Englishmen, too, who
have the greatest abhorreuce of dtshon
esty.
The mortgage you propose upon the
forts, arsenas, custom houses, mlnts,
md all other property which has 'fallen
into yoar possessions. is intensely ludi-
crous. How this property fell into your
hands we are informed by your papers,
but we have no idea that ear money
.hall fall into your hands without some
better pledges than the ones you pro-
pose.
Tie transfer of Florida to trustees!
and the pledge Of the '-faith and honor
Of Mississippi, are equally ridiculous.
Indeed, all persons to whom We have ex-
hibited your letter regard the PROPOSE
tions as the best joke of the season, and
r rYca q v-vTr-s+4r- 6.-S. A.: OF
\ New Way to Secure New Debts"
The fact is, if your banking thouse is
not fictitious creation, then we conclude
that its head is destitute Of those princi
Piles which would Justify us in holding
further communication with him.
"A few words more, and We shall con
eiude all we have to say on the subject
The British people can have no ccn-
fdence in a Government at the head o4
which is man who approved and iasti-
fed the yilest reputation Of State faith
and honor on record.
We have his written and printed de-
clarations of the fact, and as we are per-
fectly cognizant of all the circumsta nces
connected with that violation, we feel
at liberty to invite your closest attention
to it, and now send you copies of the
decisions of your courts and the reports
of popular meetings sustaining such de-
Z tisions, The judges who made them,
the popular orators who sustained them,
have since been, Governors, diplomatic
representatives. to Europe, and last and
least, one Of them is President of Con
federated Governments that deludes itself
with an idea that vegetable fibre
which no American can eat, is the pabu-
I'm. upon which Englishnen feed, and
which sustains them and keeps them all
--noblemen, and bankers, and peasants
from the workhous There pluck
enongh in England left, thank Heaven
10 live without slave cotton and to- re.
fuse &C. S. A." bonds.
We can hardly end here; for we have
something more to say, and therefore
extend our correspondence with {
banker, '.the character and credit o