Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-04-14
The Southern Loan in the London
Market---NegotiatiO Declined.
From the New York Post.l

| market--Negotiatio Declined.
| From the New York Post.l
We are indebted to Messrs. Slope & Co.,
bankers in London. for copy of their letter
| 80 Mr.. Crawford, banker in Charleston, S. c.
| in answer to his proposition for the negoiia-
/ ton of the loan in the London money mar
| ket. of the "Confederated States Of Ameri-
| ca" for fifteen millions of dollars.
| BIsHoPsGATE STREET WITHIN,
| LONDON, March %, 1861
j. Singleton Crawford, Esq, Banker, Charleston,
| Sc
| Dear Sir: We have the honor to acknowl-
| edge the receipt of your favor of the 18th
| ultimo asking from us our views as to the
| probability of the successful negotiation of
| a loan of fifteen millions of dollars, soon to
be issued by the Confederate States of
/ America in this market, and offering to our
house the agency of that Government forsthe
purpose.
/ We feel duly honored by the offer you have
made, but in the present condition OF things
| in your country we must respectfully decline
your propositions.
We are not in the habit of accepting prop
Ositions of this nature from persons unknown
to US and as we never had the favor of any
previous communication from you, and do
not know any thing of the character and stand
ing of your house, we feel justified in declin-
ing your offer. 2
As to any success of your COnfederated
lOan-as you please to term tin the Lon
don money market we advise you at once to
abandon all hope or expectation on that
point. The people hare have already suffer-
ed losses enough in the taking of the bonds of
Florida, Mississippi, Ecuador, PernambucO,
Patagonia, Arkansas, and other of your
GuIph States" and they do not at present,
feel inclined to renew their Acquaintance with
you in money matters on the generous terms
heretofore proposed-even if you were not as
you now are, in open rebellion against the
Iegitimately constituted Government of the
United States
We therefore repeat that you cen have no
success here. in London, in the negotiation
of your proposed loan. Our senior had an
interview with Lord Palmerston on the sub
ject of your letter, and he assured him that it
Is the unanimous determination of Her Maj
esty's Government to discourage any efforts
on the part of the G. S. A. to procure money
here, and you may rely on it that he IS in
earnest.
1t is lamentable that person of your ap-
parent sagaeity could entertain. for mo-
ment, an idea that the security to be offered
for the loan by the &C. S. A" would enable
you to negotiate it here. and by EngIishmen
TOO, who have the greatest adherence of
dishonesty.
1uc lOu pIOpOsc upOu
arsenals, custOm-hOuses. minis, and all other
property which has '.faIlen into your posses
sion, !" is intensely ludicrous. How this prop
erty fell into your hands we are informed by
your papers, but we have NO idea that our
money shall fail into your hands without
some better pledges than the ones you pro-
pose.
The transfer of Florida to trusteesl and
the pledge of the ''faith and honor of Mis-
oil
persons to whom we have exhibited your let
ter regard the propositions as the best joke
of the season, and propose to get up farce
at DraIry Lane Theatre, to be entitled 1.-THE
c. S. A, or a New Way to Secure New
Debts"
The fact is, if your banking house is Eot
fictitious creation, then we conclude that its
head is destitute of those principles which
would justify us in holding further commu-
nication with him.
A few words more, and we shall conclude
all we have to say on the subject.
The British people can have no confidence
in a Government at the head of which is a
man who approved and justified the vileSt
reputation of State faith and honor on re-
cord.
We have his written and printed declara-
tons of the fact, and as we are perfectly cog
infant of all the circumstances connected
vite your closest attention to it, aud now
send you copies of the decisions of your
courts and the reports of pOpula ar meetings
sustaining such decisions. The judges who
made them, the popular orators who sus-
tanned them, have since been Governors, d.
plomatic representatives to Europe, and last
and least, one of them is President of Con-
federated Government that deludes itself
with an idea that a vegetable fibre which No
American can eat, is the pabulum upon which
Englishmen feed, and which sustains them
and keeps them all-noblemen, and bankers,
and peasants-from the workhouse. There's
pluck enough in England left, thank Heaven,
to live without slave cotton and to refuse sc.
S. Al bonds.
We can hardly end here; for we have some
thing more to say, and therefore extend our
correspondence with banker, ''the charac-
ter and credit of whose house we have no in
formation Of" Let us add:
There is nothing so revolving to an Eng
lisbman's loyalty as treason. There is no.
thing so objectionable to him as the guilt of
him who could fire on his country's flag.
We have the assurance that one Morgan
did that deed. Had he been elected Presi-
dent of G. S. 4. we should not have been
surprised, as all that is true and loyal to a
nation seems to have met the same fate as
the claims of the British bondholders of Mis-
sissippi and Florida. But the race is not TO
the swift Regulators are honored where
traitors are neglected.
If you do not regard our opinions with re-
spect. send your loan TO some plant banker
here; and learn, as very soon you will, the
value of honesty and the opinion of our
couDtrymen.
With small respect, we are as ever,
SLOPE & Co,
Bankers, London.
Bishopsgate Street Within.