New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-08-21


nuduet If there VAS anything Ike teIlhty on. way
mr. tie other there would be little occasion Tor prudence
the probabilities stand however we put II earnestly
vhot fci every nan Who is cnrlElE'u ID HansUctiohs
Va 49,. ID ,,, irfo Indicated IA our trade reailo1s
" I'M tie United States would seriously meet oug ho,
70 a,,oh immediate precautions to project nSrn from
the consequences Of 80 great ana suaoo" 'o'
,rr CONFEDERATE LoAN-IETTlN Fkoh Mr.. NJ RAE,
AGENT FOR THE LOAN.
Prom The Times City Arcle, Aug. 6.
In the foreign market attention mas ,o-Gay oceh III
furtlcr violent decline and subsequently experienced
" ,,in recovery the first quotation being - to 80 dis
cauut and the last 26 10 - discount Although, OWING
IN The speculative foundation Of this security few could
ha, entered into il without consciousnc that they
were cmbarking in a risk either for great profit
most terrible loss the suddcnncss Of the recent fall has
nndonbtedly been beyond any thing for which tie hold
ers had generally prepared themselves.
History contains few examples of greater change Of
prospect than that which has occurred since the com
nencemen of the sweeping and. NJ first nnresisted in
asian of the North b, Gen Lee If the battle Of Get
yshurg had been won by the Conicdcratcs. the loan
which few DAYS prev ously largely sought at about
| premium would probably have experienced rise
nearly Ms grcat as the fall Witnessed since there
was every symptom that that result would have led 10
the establishment of the Confederate power IN WASH
ingfon and "A prompt adhesion from Newly and
PENNSYLVANIA Those who now suffer therefore. are
not 10 be reproachcd for want of sagacity, however
much they may have exhibited want of caution
The example furnished is simply confirmation OF the
fearful uncertainties that must bcsct all investments
thnt dcpcnd upon military or revcrses I'm the
news o Waterloo il would have been absurd for those
who had previously bought largely to boa,t OF ne SUI
tcror,v Of their Judgment over those who had been
Unfortunate enough To sell. In the present cas-" the
operators who puichas of che Confederate ol
were like persons dnicring into battle 10 take AL It's
chances and II be admitted that these have ial'h
upon them 10 the utmost extent hat could possibly nay
been anticipated the sudden retreat Of lee ana inc
simultaneous fall of Nicksburg and Fort hudson con
s,uing an accumulation OF disaster rarely wIaiel'd'
III, following spondcncc with rcf,aidto the on
Tolerate Loan has passed between one # he holders
aud MIR VI Rae who acted a. agch from 'hc '""i'"o'
ate States for its negotiation;
40 ,, ST JAMES, PACE London. Aug. :. 1904
SIR: The present position OF the Seven Ter cnt Cotton
onr 5to ,lange /. such a. give anxiety to tic
hlJrr. of hon an, one. At the time Tor one have
no, lot for moment the confidence always had IN DE uii'
,ec The Con,cderatc ca..c nor putting asidc i-
III e a. n,e'er, do doubt 1T fh~ ,nssgcnenis the
Confederate Government aNu entered into Win ic hodIs oi
Nae b,j ftli. loan can De aud III be- faithfully fulfilled
However In order 20 have clear idea Of hc position Of az
fairs should like 10 know from You " accredited AGENT ~
tL country for the Cotton Loan few Particulars the
J. Whether there exist. within the Confederate States in
p..esou the Government cotton efficient 10 discharge It,
liabilities GA H. loan T. -o wha amount th'y pp"..
= Where TIE cotton j. stored and ho" d the iaAns 81
Charleston Mobile and Savannah by DE Noihef1 amy Ni
the destruction oi capture 81 an poi' OF We "o''
ueni stoc. % cotton. aid Of how much
g. Nhcthcr any holder Of pad np bonds. On demandns
cotton IN exchange bonds ct inmrdic lo.fs.lo g"
the same within the limit. Of the tou'r icay and WHETHER
having po..ou o tie cotton ii' no. -h'II on ."
peace previous oppoiuniy Of ,iPonsiicn De- -
cInpt a duty cieeI the stipulated duty Of an cish'h OF
an, Iii, your ohcdieri -"fvani ,
~. ". SCHWARTZ
T. M C. J. MRy Ascu, for the Cotton Loan Of the Con
icdc ia'c states ~ America.
BURLINGTON HorRt. Ccus srRsrT. Aug $
SIN In reply to The nq.rc. contained 10 ye9I not, 81 iAl'
OF the Conf iera'e States had purchased about
bales II cotton The purchasing vas' f.,s on md - j.
hi. cotton !. princrsy in the State = Georgia and Al
haua and some si.o boo part Mesi.Wi Sorh
t.
farmers nom whom u purchased ir sheds - "a"
hour. go fee. srom any other buildings. and all 90.
PLANTERS have asf..d with the Ooscrut a. tai" ~" fa"
~ the si belonged &" thru aud ~ denver
i, 20 he order Il ill., 1,o,crnneui v len antcd
The capture o. al s~ap1rs would not "uiinr' ih' lose
% .n. pound OF cotton, a. There afe Do a q" , 81
any Of them nor there ANY condeahc 'o A. 81 'oisn
place Ia fbc interior HAVING been fhsrn hy ne
Courdclse se ~ hc stat" o'' fur'' i.i to cotton
should be- stoned 81 any point ~lAin ave -i'' %
,sfio o nss..be That iou o. fh~ crop II nl
which la .cf hfarsf 20 ti~ ssfion, interior drfo's DO
ong taken has 20 e Plantations ~ 'l- ofa'f
Tn, cotton vii 10 ir.,rrd any holder ~ he boni' on
d'uud - provided iof In he tsaf'h al's o' ~ cont -
,y,a,.d ,h cotton ma. been sampled weighed named
samples At tie ofr.s Il the chic, es'h q 'Ar Ian y
drereft sise. and iaie their orders on ~" ianie ~ "
obtained udei this loan all not be- ut ~ 60 ahy 'sk q
duty e'eet ne tipg'i dg'y q oteeshh o. cent ~
pound. existing NJ the dat. % th" corifari
an. sif' your .h,4.rni f,f'hni
{. J. RAJ, As'ut i1f the Loan
From Tho London Star Aug. r.
The Confederate loan Lac i.a l-t and so af that
- condition and prospects Naturally Lorna 10" subject
Of excited comment among holders AID drhlers. Ia
Tina, 30 IT, city nriclc Yesterday. onden,ors to com
fort ihr losers ht llir mofulisng upon the fearful
unceftaiutic. that musi heri al investments thi de-
pend upon military successes or fcycrfDs and co1plA
Gently speculate, npoa hat would have been tie result
II the battle II Getty -burg bad been Won b! the Con
fedcTat,s.
W. can hold ont 40 comfort 10 those who invested
their money upon tie most rotten frcuriy whch "hs
ever offered IN The market bui We can At least Poini
out 10 those who haze been dlped the parties WHO are
chiefly responsible ior the deception which las been
practiccd The uncertainties OF war are undoubtedly
great and those who stake fortunes upon iis issue must
be- pTepayed for rreeitcs ~ Vel A. Victories
But N the cese of the Confederate loan many men
have To-. heavily aud several been ruined not on
count 81 sudden change 81 fortune ~ The held but De
cause they put their Trust IN the news and commcnts
furnished TO rLcm by The Tmes-thc init being con
sianiy incxaot and the latter distinguished by an
amount either II ignorance or wf Misrepresentation
never cqunlled In the history ~ journalism.
The holders II Confederate stock not the victims
Of misfortune. but II Imlostufc-O' Kind pcFhnp,
which cannot be punished Ia courts 81 law hut not %"
that account the lcss dishonest. II The /im' when
exercises great an influence on the money market
had received letters from NcwNork honestly depicting
the military situation IN place OF being nrd With abuse
Of President Lincoln and his Cabinet gathered up from
bis interruptions oppohenis-f these letters had ever
even by accident sDolen truth To tie bravery and
discipline " the armies besicging Nickrburg and Port
Hudson. confronting Bragg IN Icnnrshcc, oI watching
Lee upon the Potomac ns readers could have intel
hgcnt made up their minds 10 the uncertainties and
risks Of the war.
Blu, what the Ncw-YoTk letters concealed the edi-
fDrial comments made still more obscure. The army
and navy of the mon alike the theme Of yitnpcrn
ton Al Northern Generals and ndmirils we're fools,
all Southern leaders godke herOcsall Northern
soldiers towards all Southern dcspcTadocs CHI.
various the knights of old. Northern successes
were dccricd aud ridiculed. their armies were con
stanty upon the poigt VI melting away. and the whole
frame of society in the Free States In course Of fall
ing 10 pieces.
The scum Of Northern politicians were held up 10
great statesmen their reasonable utcranccs declared
be the sentiments Of the great body of the people aud
the population from Maine 10 Missouri represented to
be longing for the time when II successful General
l. ..