, 1861-03-11

~ e1,,**Interestlne:to to Gapataltsts.


To the Editors Of the Evening Post:
GENTLEMEN -Haying been appointed ono OF
the " Openers Of this office, it was my luck
TO discover letter Of which the inclosed is q
copy I thought 1t might be interesting to
your readers, as well as the world at large. I
therefore send 1t. ~; r..
*opsSs4 ys4Fyesf:Hssstlo1!y: Ess Post oaiee s.. Z:
South Ganouna, March l, 1861. y. :
CHARLESTON, Feb. Is, 1871.
liessrs sLopEn & Co., Banters, Bishopgate strset,
z9ittfn London.
GEN1LEMES:-Hayiug been consulted by the
head Of the new Government Of the tonteder-
ate States of Atne+ica on the subject Of loan
Of fifteen (15) millions Of do}1afBs which Is soon
sion in Montgomery, Alabama, take earliest
I opportunity Of communicating. With you IN
reference to it. and Of asking your views Of
the probability Of Unsuccessful negotiation in
tic money market Of London.
Your experience in the negotiation Of gov
ernmeut loans, and the extended influence AID
/ wealth Of your house, put it in your power to
+ give most useful and valuable opinions upon
the subject, and shall deem it d great favor If
you Would, without delay, return IN answer to
this communication.
The character Of the loan, the security to be
offered, and the general "details, haVe not yet
been placed before me-. These points are still
e,nnent and ,r;1I 5o f1I1v n~11oina1 1hnnS ~
n1ans ar 4natnrad 1! e->pA"NNA'7o "AA>0 '1'~
In the meantime have been requested to
consult with your house, and to obtain such
views and advice rs may enable the Govern
ment Of the new Confederacy to act with eau
naaI 1n5 - nad 4,,+ +,,,.
for r,,7,,. to..sa ~, To1a3;, aa5 - NIX ba1a -
an entsr % nnon % vida and @ nrofitab1e % ' fletI' # of
sinan.;af rsefn,ncss to1 % f1,o peW and noxgerft,f
no~arna,st ;nst nim imto @ ROM
S}stenna1 e,a - ~ 1oa9 * Ia .aaoad -,
ha 1,nt tha haa;nn;n5 ~ eor;oe ~ f"a1sth5t
.ot ~ ~ ~ Wy ~ ~ o5i y ~ ioaa lat
nter vi ssth eet "1 nd n11 ~ ~ H"t
neg4taton;t h9tssat affairs .nonr ,,. s+;, n ~,
a. rsgens laus anUag Us ae FL N an
nessluEo w conuition, cWlng 70 some a1nerenees
., "fn9n a,3 ~ Msn ELI GS1st ussweem ouF Go'ern
iInited ~ stotae no iJs1 those th;nns 1ne se
..naa s.1-s otSeeo ~ suese tuFs VIII suoA
fsdera nv III; III ,n +uS ~. ~ Hne LEV Gn
f,t - Iii, eon7 n;t ~ Mtea euue e
fe cy1tssa 's ,4oi9 ~ a ~
he sfro,, 81 o,ar .n1 u nem
s1 ne serong IN power, nen ~ resources, patfaotlc
s.l;n aLm pppttat,. sAad nAsn ouce set u motton
VIII pfesent tne granuesE epectacle 1nat mas
ese1 oeen presented 70 me World
III y SEEMS Glear tnat tne new government
H., .aat;S,,Io.1.s - ~ " t1s piteion - puu
~, F..5t3culay aS f. eno, ssates %nlch iorm the
Gon.easrney I ., are inc sources Whleh the pa6's-
.n"1 ma mu,cn heeRs yo9r - &macnineIy IN motion
"nu ?oas o?et1aatee non slai Vatsop, comes.
II ,l:y n2t N ny power as tnls LIME to give
you anylhlng more lnan general ldeas as to
tha tatGr e,a u tne pfoP9Eea loans, me security
obtain from the Heads Of tie, Government
anything more than vague ideas of their plans
Ut present.
: From my ycorrespondenee with the Chairman
Of the Loan Committee, obtain the following
facts:
The loan is to be $15,0oo, 600, at 8 per cent
interest PER annnm, payable IN 90 years-or, as
VIII be stated In the bond payable at the
pleasure Of the government, after so years."
This will give British capitalists an opport1-
nifty Of making long lean, which is always
deemed advantageous such loans being usu-
ally taken ut high rates Of premium Il is not
to be supposed, however, that this loan viii
be taken at much premium. The government