The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-03-28
From the Boston Courier, March q. i

LETTER OF GEORGE PEABODY, ESQ.
Our readers will remember that few weeks ago
paragraph appeared in the Erening Transcript,
purporting to be extract of letter from an
American gentleman in Europe, to whom our coun-
trymen and country were much indebted in vari-
ETY. of ways. No name given, but the refer
ence was of nature to lead to the belief on the
part of those with no particular means of judging,
that Mr.. Peabody, of London, was the person in
tended. This result followed, and that gentleman's
name was freely mentioned in conversation and in
print, having declared his opposition to conces-
sion-"no compromise" being at that period the
Republican party cry. Without any authority,
except our conviction that an impartial observer
who a friend of his native country, could form
no such untenable opinion, and that he views ex-
pressed of the commercial effect of Cancellation and
compromise could net be entertained by gentle.
man of Mr.. Peabody's sagacity and business expo.
rence, ventured to declare that he could not
have written such letter, and called upon those
who had given occasion for such false impression
to set it at rest. This they could have done at
once by simply stating that the writer of the let
ter was not Mr.. Peabody, as, of course, they knew
who the writer actually was. This they never did,
and the name of MIR. Peabody went the rounds for
such party effect as it was supposed would be pro
duced by his authority. We now give letter
from himself, leaving no room for any misappre-
henson Of his sentiments, and they are such as be-
come one who loves his noble country, as he has
unequiyccally shown in both sections of it, We
call upon the Transcript which started the unjust
aspersion, and upon other papers which have given
it currency, to do Mr.. Peabody justice by copying
his letter:
LONDON, March S, 1861.
MY DEAR SIR; You call my attention letter writ.
ten from I.ondon-eXtensivcy published in the large
cities and in the New York Erening Post among other
papers of which my has been mentioned as the au
thor 1t states that should concession be made
South and present difficulties be settled by compromise
our national credit abroad would be ruined &c. The
writer is unknown to me. If had written the sub.
ject my would have the reverse of those
quoted. The anticipation of bloody conflict between the
North and the South has already destroyed confidence in
the United States Government stocks and the
States securities, and millions have within few months
been sent home for market in consequence II only
by concession the part of the Northern States and
compromise which would secure the best feelings
Border States towards the North and West that we can
reinstate credit abroad. pray that the efforts max
ing by the patriotic Crittenden the noble stand
which old Virginia. Maryland, other sister Border
States are now making for Cancellation and the Union
may successful; but if contrary my hopes and
expectations it should prove otherwise and those States
join the South, under dnaicdJle ARRANGEMENTS the
constant fear of between the sections would al
most entirely destroy the credit of both the Northern and
Southern Confederacies in Europe. What is still more
important the prestige which has heretofore embazoned
the arms of Union will have disappeared, and that
pride of country, which has been a much
qualification Americans in foreign society," will attend
them more Spain, any Second-rate power, NAV
insult the and stripes f any eft) with impuni
ty Napoleon III. may establish despotic governments,
and Lord Palmerston protectorates
in Mexico and South America the "Munroe doctrine
the contrary notwithstanding.
May Providence protect country from such calami
ties and modification. Very truly, yours,