, 1863-07-15
The Rebel loan I'm EuroDe.

The Rebel Loan In Europe.
A correspondent OF the Washington Chron-
ielt, writing from Frankfort on the Main, says
Of the rebel loan:
Wehear but little, nova days, Of the rebel
loan. Baron Erlanger, In this city, aud his
son, In Paris, pretend 10 have taken the whole
If it, and have disposed Of some Of 1t in
England and Franco. None Of 1t has been or
can be sold in Germany. Knowing onts say
that those bankers have only invested $500, ,000
tnstbts loan. Eflanger is q converted dew.
and publicly said, when demonstrated with
for lending money TO establish o Government
whose chief corner stone was slavery, that he
thought II was not very reputable, but he did
not ca1e If he could only make money out Of
it, He soon found it was uphill business,
and that 1t was not 30 profitable, mud then he
had TO make much exertion to dispose oft.
The LoId Tines quuted it as offering
"grcat advantages" and at tho same time ad.
Tarcing. Erlauger had some stree brokers
to visit the eaJes aid circulate the REPORT that
the loan was much sought after, and that Es-
hpger d Co, had already made above three
millions Of 1lozins out Of it. Nobody was
bound to believe this. The Bourse would not
allow 1t to be sold here. nor was, probably
dul1ar Of 1t sold In Frankfort, the money cap.
ital Of Germany. The Oldest bankers were
down upon it. The Rothschilds would not
Touch 1t, and expressed surprise that any
German house, and particularly q Jew, who
belonged 10 race SO long oppressed, would
letd money to the Confederate government,
who were trying TO establish slave oligar-
chg.
it WIS m unpopular loan; that none Of it
could be disposed Of in Germany aud TINT
the Confederate bonds wonld! make rood
cigar lighters. being worth but little more.
Eriahger las been Kept quite busy since ha.
took the loan, having had to travel to Lon
dF,F7Y Y@1Af n%n I1--s
weeks together. He has, I think, many times
regretted he went into this operation, but. rs
he is shreWd, he will probably get out Of IL
without much lots, il be can: He is = very re i.
ambitious man, and be desirs to be the great
ard leading banker Of Frankfort. which prsb-
ably induced him to go into this. BE is Jeai-
ons of the Hotlschilds, aud hopes to rival
tlGm.
To do away with the bad feeling exhibited
on account ef his taking the Confederate loan,
be advertised thut he was about taking a pat
rio1ic one for P0laud. He has lately been
bank, to lend money on rtal estate. It was to
have II large cupital, but think, after be took
the rebel loan, the free city Of Frankfort
would not grant lin . charter. It was not
a. all needed, as little money can be invested
In loans or real estats, and as the Rothseailds
say, it is very difficult to put out much as 2X
per cent. Whenever the Frankfort Journals
puhlleh anything unfaverahle to G. 8. A.,
such Us the report from the Secretary Mem.
ipger, the rcbel treasurer, &c, Erlanger would
90 ut once and denouncc tho paper, as trying
to lnjure the rebel loan, md always threaten.
ed d withdrawal Of patronage On renewal Of
sin liar attempts. Lie even got an editor Of
the Reform prosecuted for sOme old slanaer,
only because said editor bad been lately de-
nourcing IN his paper the immortality Of the
Confederate loan.
!, Changer twas u large stockholder In tho
great gambling bank ut Hamburg, and the
editor Ind once published in his paper the
charge that Er1apger, By reason ct Ills con
nection with It, was q swindler.t The editor
was convicted and sent to jail, but has now
appea1ed Q higher court, and we shall soon
know the decision Of the court, perhaps on
the morality Of gambling as well as Of owner
ship Of shares In such q concern. On the first
trial, the court decided one might ISLANDER
the gambling bank By calling 1t a swindle,''
but must not charge It's stockholders with
being cheats merely because they held shares
In that Institution.