, 1863-08-25
The Rebel Loan.

Tho following correspondence with regard
to the Confederate lnsn has passed between
ore Of the holders and Mr.. McRae, who acted
as agent from the Confederate States for its
,negotlation:
No. s5sT. JAnEs PLACE, LoSDoH,}
s1n: The present position OF the per cent cot
ton loan On our Stock Exchange IL such rs to give
anxiety to the holders. OF 7rhou, I'm ore. At the
the confidence Islways had in the ultimate sue
ccss Of the Confederatc caGse; no., putting aside
this view 10. the present. do doubt that the Gu
tefri into with the holders OF the bouds of this
loan, can be and will bo faithfully fuldlled.
However, In order to have clear idea Of the
position Of kGAirs, should like to Know Grom
yon, the accredited agent Of this country fos the
cotton loan, some few particulars on the eub-
j. Whether there exists within the Confederate
statea. In poasession Of tho Government, cotton
sufficient to discharge ts liabilities On this loan
II go, what amount they posscss.
the taxing of Ghsriesson, Mobile and savannah By
the Northern srmy, will cause tho destruction Or
capture Of any portion of the Government stoek
.. Whether or any holder OF paid up bonds, on
demanding cotton In exchange for bonds, can get
immediate possession Of the same within the lfm-
session Of the cotton forthwith, shall. On fetaln
OF peace, or having previous opportunity Of e.
poitation, be exempt from all duty. except the
j: Your candid reply "a these queries vil[ much
obligo me- am, sf' youf obealeRt M sesvant
ToM G. ]. MeRae, Agent for the Cotton Loan o;
OF the Confederate States Of America.
BURLINGTON Housa, Cork st., Ang.s.
Sm:-In reply to the inquiries contained In your
note Of this morning, have to FAY that On the 1ss
Of March Last the Government Of the Confederate
The purchsaing still going on and it is mir to
presume that by this time the quantity has been
Increased to at least 500 900 bales
The cotton is principally In the States Of Georgia
and Alabama and aonle also in the eastern part Of
Mississippi, northwestern Louisiana, and Texaa,
a1d Is stored on the plantations o. the planters,
from when son l. Was purchased II aheds Or ware
a cases the planters have agreed with tho Governs
rnent to take the same care OF the cotton II 1t
der Of the Gove1nment when wanted. The cap-
tuze OF all our seaports would not endanger tho
loss Of single pound Of cotton, as there are no
q at
the interior, care having been taken By the Confs
crate as well as the State Governments that no
miles Of railroad station Or na1igable stream.
brough ht to the vartous interior depots has long
cinl order OF the State Governments.
The cotton will be delivered to any holder Of the
bonds on demand, as provided fos IN the fourth
and Mississippi, where have personal knowledge
Of the manner In which the business has been
tsansacted, the cotton has been sampled. weighed
marked and inroiced, and the agents OF the bond
holders can examine the samples at the of1ces OF
the chief agents Of the loan Il the different States
and take their orders on the planters fos the de1lv
cry Of the cotton without trouble or expense. The
cotton obtained under this loan will not be subject
to any tax or duty except the export duty Of one
the contract
lam, air, your obed1ent servant,
CD. McRAE, Agent for the Loan.
Mr. q. ". SCHWARTZ.