Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1861-03-15

The following amusing satire on the high
falutin language of southern politicians, and
the desirableness to capitalists of the large
loan proposed by the Southern Confederacy,
appears in the n. Y. Evening Post. 1t
| purports to have fallen into the hands of one
of the "openers" in q South Carolina Post
Office, who thinks 1t may be interesting to
the world at large, and signs himself 40 PEN
er" of the-Post-ofice-S. s.
CHARLESTON, February %, 1861.
Messrs. Slope 8. Co., BANKERS, Bshopsgste strsR,
tvitain, Lsnd9n:
Gentlemen: Having been consulted by the he I'd
Of the new government of the Confederate States
Of America on the subject of loan Of fifteen q 5)
millions of dollars, which is soon to be authorized
by the Congress now in session in Montgomery,
! Alabama, take the earliest opportunity Of CON-
| Inunicating with you in reference TO it, and of
asking your views Of the probability CT its sue
| cessful negotiation in the money market Of Len
| don.
Your experience in the negotiation Of govern.
neut Ioans and the ex ended influence and W alth
| OF your house. put in your power to give most
| useful and valuable opinions upon the subject,
| and shall deem it great favor if you would,
| without delay, return an answer 10 this cOmmuui-
| cation.
| The character OF the loan, the security to DO
offered, and the general details, have not yet been
! placed before me- These points are Sill under
| discussion by the heads of the new government,
and will he fully explained when the plans are
| matured.
| In the inca, time I haTo been requested TO
| consult with your house, ara obtain such views
| and advice as may enable the government OF
| the new confederacy 10 set with caution and wis.
| CON.
l need not add that this is an opportunity for
| your house in London, and mine here, to enter
| upon a wide and profitable field Of financial use
| fitness 10 the new and powerful government JUS,
! emerging into national existence; and as the
| loan to be proposed will lie but the beginning Of
series OF loans that must be wanted, we may find
it interest to enter with spirit and energy into
/ the present negotiation.
At present affairs among US are still in uuset-
tied condition, owing to some differences Of opin-
| ION which exist between cur government and the
| fossil government Of the late United States; but
these things will soon pass away, and the maohin-
cry of the new cOntederacy will move onward with
q sub inc power THAI will soon excite the adm ira-
tion of the civilized world. The new government
will be strong in power, rich in resources patri-
| otic and popular and when set in motion
will present the grandest spectacle that has ever
| been presented to the world.
| 1t seems clear that tae new Government will
atrsSt the favor OF the entire Britth pzblic par
ticularly tae States which form tho Confeders.
cy, a.e the sources from which the pabulau1 which
| keeps your machinery IN motion and your opera
| tives from starvation comes.
1t is not in my Fow at this time, TO give you
any thing more than general ideas as TO tho char
meter OF the proposed loa1 the security to be Of
fered, &C., as have not been able to obtain from
the heads of the Cover nment, any thing more than
a vague idea OF their plans at present.
| From my correspondence with the chairman Of
the Loan Committee, cttain the following facts:
IIal 49, Z < mi Q
interest per annuJn, payable in so yesrs-or, as
will be stated in the bond payable at the pleas
uTe OF the Gorernment after so years" This will
| give to BRITISH capitalists opportunity of max
ing lons loan which is aIw Us deemed very advan-
! tageous; such loans being usually taken at high
| rates Of premium IL Is not to be supposed, how
ever, that this loan will be taken at much premi-
1 NE The government does not expect this now,
but hopes, by the example Of its promptitude and
general good character, T. establish firm basis
OF credit, that all it, future loans will meet the
| same favor IN the money marke: Of London, "a
heretofore attached to those Of the late fossil Gov
| eminent OF tho United STATES.
As pledges for the faithful payment Of principal
| and interest they viii probably o2er, as l in
formed, the following Terms;
tlrsty-A mortgage upon the forts, arsenals,
custom houses post cEceSi minis and oil other
! property which has fallen into their possession by
! the nesligenc, and iubeclity Of the administrl-
ton OF the fossil government.
soc5ndly-A pledge 20 pay Of, within fifty
years the p1ilcpa! an! iat4res; Ct the delayed
debts Of u ssIsspp and Florida. The state OF
Florida to be Transferred be transferred to trus-
/ tees, rs security for t4eir debt uatl paid. The
state u Mississippi o place new bonds in the
hands Of tic lu;lAi government, piedgins their
gE0r and good ts!A ior IL: tail and eltI payment
| Of all the public add private debts.
Thir4y-As 9 scclaty for tue Loan proposed,
the confederate States Will Il-dgo the revenues ot
/ the custom Louse ami post otHc., after itGlcting
ali expenses Ter collection aad postal outily.
Eourthly-Io give a mortgage upon all terrific
~ thereafter to ue acqliEeJ, wiz TIE use tucrc-
Fifhly-To transfer to agents CT Trustees to be
| appointed b. tho takers Of tao ''c,u',lrrlted
Loan" fifteen millions Il dollars Of the t..ts II
| tle states az Missouri, North Carolina, Tonne
sec, &c, lately b5rrsssa ir,m lie fossil govern
| aent, end endorsed uy TIC responsible Secretary
o! the WGs Assurance Company % WasLi1gt
/ City.
could any security be more ample AID satisiac-
| tory to British Capitalists Pom uy point o.
view this ioaa Il i-e most a4vant, xtous and gen
| ercus taat has ever been offered ~ tie BRUSH
! money market. Millions have been lost by your
| capitalists II spain, Peru ana Equldor. By en-
teflns via latlOual spirlt into thi. loan, I am
J quite certain that 10 mistake can be made, and
inrougr j. influence, the crop will 20 forward. "
AID tie staOllt! Of glorious Ud Eng.aLd cstab-
"sae- On d basis o: permanent peace, tranquility
snI happiness
Nhils write, feel my heart beat With Joy
and PRIDE over the glorious prospects that spread,
as widely as the horizon, around my native south!
! Oppression and tyanny-the tyranny Of ma
| Jority-aiwsys detestltIe to southerner-hsd
crushed cur risiag hopes. The dawn Of civilization
| has just broken upon our golden sky, aud gaze
! Spon 1t with the feeling q poet and the resell
! ution OF a se:essiorist
! await with ilnpatiencc your reply.
n. Is. The commission for the negotiation Of
| tie loan is to be Ave per cent
Very respectfully, your ob't serv't