Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1861-04-03
CREDIT OF THE CoNFEDERArEs.

!, CREDIT OF THE CONFEDERATE
: The New York Evening. Post maintain
that the three Confederate Commissions
: who are about going to Europe, are char.
ed with the duty, principally. of negotis
ting the fifteen million loan which th
Montgomery Congress has authorized. Th
: Post gives the following excellent recon
mendatiens to the new Government an
: to some of its main pillars, for the bene6
of European capitalists; -
The trio who go out to Europe on thi
errapd are Mr.. William L. Yancsy, Mr.
A. Dudley Mainland Mr.. P. A. Rost, gen
tlepen belonging to a political sect VIII,
disOne the obligation of submitting to tn.
law of the land any longer than suits theil
conyenience or caprice They 90 out as
the agents of Government which has al
its head Jefferson Davis, the great politi.
clan Of Mississippi, that repudiating State
the State which disowns the obliga-
tiOn of paying its debts. Mr.. Davis is a
great speech maker, and if the European
bankers should think proper to lend their
money to his Government, and the debt
should be rcpudiated, we can assure them,
for their comfort, that he will give them
plenty of reasons for not repaying them
they will get their moneys worth in ar
gument.
Again: these men 60 out as the repre-
sentatiyes of a government founded by
such men as Floyd, our late Secretary
of War, who has been under Indictment at
Washington for swindling our Government,
and who has just managed to get off with
out trial; Cobb, who managed the affairs
of our treasury till he left it bankrupt, and
who, Just before his resignation, came into
Wall street to decry the credit of the Gov
ernnent and speculate on the fall of stocks;
and Thompson, our late Secretary of the
Interior, under whose administration of
that office the Indian trust bonds were
stolen. These honest men were all con-
cerned in plot to oFerturn the govern
ment of the United States at the very mo-
ment they were its trusted and confidential
agents performing its highest functions,
providing for their instruments by the |
bestowal of its Offices, and taking their |
salary from its treasury. Among the
founders of this new government are also (
to be numbered Mr.. Wigfall of Texas,
famous lawyer who cheats his clients; Mr..
Benjamin of Louisiana, who takes jack
knives and watch chains and Mr.. Slidell
of the same State, who, with his colleague,
Benjamin, succeeded in getting through
Congress a bill putting him in possession
Of the HOumas claim, an enormous swim
die, which Congress, at its last session, to
mark its sense of the infamy of these two
men, repealed. A government established |.
under such auspices cannot but enjoy the
highest degree credit in the money mar
zet. The generous and liberal minded
lass of creditors who lend, never expecting
% see either principal or interest again,
lave here an Oportunity offending to their
hearts content. We expect to hear of
hem saying to Mr.. Yancey and his col
eagues, Mann and Rost: ''You ask for
fifteen millions? Gentlemen, you are quite
90 modest; double the sum, and then {
louble that amount. Take sixty mil ;
ion" ZIP .r :
Again: these worthless, go out to Europe
S the agents Of Government which makes s
10 scruple of taking what it can lay its I
ands on-a Government which has rob- I
ed the United States arsenals, seized upon
orts belonging to the Federal Government, I
tolen our revenue cutters, broken into our /
hints and robbed them of their contents t
ntered our navy-yards and taken larcen- i
us possession of ships and naval stores c
his certainly is a beginning which can a
Ot fail to command the confidence of the S
TOrld. The bankers of Eu. ope will, of b
purse, infer that those who so scrupulous- L
respect the rights of property will keep
heir pecuniary promises; that those who C
re so careful not to take what does not b
elOng to them will certainly render back s
he money which is entrusted to their good P
18th. .i- ~ h
With this little sketch Of their objects A
nd designs, and the circumstances which Il
i've them claim upon the generous cred a
ity of the European money market, we CT
mmend these emissaries of the Slave P
onfederaey to the kind attention of Euro
,an bankers. 1t is true that their prin- OIL
pies cannot obtain dollar of the pro- "
,sed loan in this country. But here our Of
oneyed men are governed by old-fashion-
prejudices. They are apt to stand upon m
curity. 1t cannot be said that they are &
the magnanimous class which d
Exulis to trust and bushes to be paid Z" 10
On the contrary, they are a little slow W
trust, and somewhat churlishly insist ca
Jon the certainty of repayment Mr.. m
lOyd's note of hand for hundred dollars, e1
en- with the endorsement of Wigfall, tn
uld not be cashed in Wall street. Un- at
sOnable, we grant, selfish to an extreme. tu
terly deficient in large, liberal views, are II!
ese capitalists of ours. In Paris and ieI
,ndon, doubtless, business is transacted en-
different maxims.. There the borrower Tn
IS only to hold out his hand and it is P'
ed, whatever smutches and stains it may fol
marked with. There the lender heart
rms beneYolently toward the man who
mes to him without credit and without hi
aracter, or even with character which ua
owes him utterly unworthy Ofcredit, and tn
rows himself upon his sense of generosity. OF
C wish Messrs. Yancey, Mann and Rost bO
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