The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1863-07-02

THE ROTHscHILDs AND THE USIoS.-On the 2sth of
February an article upon "Antipathy of Race and
Religion" appeared in these columns, says Harper's
Weekly, and ailusion was made 10 the Madrid house
OF the bankers Rothschild. In reference 10 that
article We have received the following note from w.
w. Murphy, Esq, Consul General of the United
States at Frankfort, Germany
CONSULATE GENERAL OF THE .. s. A,
FRANKFORT on TBE-MAIN. March 10, 1863.
In your paper, Harper's Weekly, of February %,
you do a great injustice to the eminent firm of Rcths-
cnilds here, when you hint they are certain Rabbi
who held opinions that some men were born 10 be
slaves. L know not what the other hrms-and there
are many Of the Rothschilds, all related-in Europe
think of slavery, but here the firm of VI. A. Won
Rothschiid q Son are opposed to slavery and III favor
OF Union. A converted jew, Erlanger, has taken the
rebel loan of ca, 900, 900, aud lives in this city; and
Baron Rothschild informed me that all Germany
condemned this act of lending money 10 establish a
slaveholding government, and that so great was pub
lie opinion against 1t that Erianger & Co., dare not
offer it on the Frankfort bourse. l further know
that the Jews rejoice 10 think that none of their sect
would be guilty of loaning money for the purpose
above named; but IL was left, they say, for apostate
Jews to do it. l hope you will correct the statement
you made about this firm"
The CoxFEDERATE LOAN IN ExGLAxD.-It may be:
interesting TO read in this connection the latest foreign,
gossip concerning the rebel attempts TO victimize the,
European money markets. On this subject, the Paris.
correspondent of the n. Y. Herald, writing under
date of April 10Th, makes the s~ubjoined statement
The Confederate loan, which went up like a;
rocket" is now following the natural course of such
6zzing notwithstanding down like n stick
The managers and bolsterers up of il seem to he IN
bad luck. The news of the failure of Mr.. Spence at
Liverpool, who is the brother of the financial agent
Of the Confederate Government, changed the London.
quotations from a premium to a discount. Mr.
Spence, the Confederate agent, asserts that he Is not
pecuniarily interested in his brothers. affairs; but
the holders OF the stock do not believe 1t, and there
is a panic among them. The whole thing, indeed,
both in England and France, is looked upon now as
q big swindle, and it is confidently asserted that there
have never been any bona tide transactions at a pre-
MUM, and that fictitious sales and purchases to a
large amount have been made in order TO gull out
side parties into actual investments. Here IL Is
openly averred by bona fde purchasers who have
paid ten per cent. at the time of subscribing upon
their stock, that gross misrepresentation OF a char
acter to vitiate the contracts were made by the agents
Of the loan in Paris-Erlinger & Co. The stock was
put into the market at 80, the Messrs. Erllnger
stating that it was taken by them at 80, while it is
now established beyond Il doubt that they account to
the I" Confederate Government a. a rate under gu.
In this state of affairs bona fde purchasers not only
refuse to pay the balance of their subscriptions, but
demand the return of their i~nstalmeuts already made,
and threaten TO bring the matter before the tribunals
unless the agents manifest a disposition TO make an
amicable settlement.
The SILVER MANIA.-The rage of the multitude in
California now runs in silver mining. Nearly every
person who ca raise from 500 to $1,000, speedily
invests in some marvellously rich mine, situated III
Washoe, Esmeralda, Humboldt, Lower California or
Sonora. Stocks representing hundreds of millions OF
dollars are in the market, and form a bulk of rrans-
actions of which the public can have but little con-
ceptIon. The whole country bordering upon she
Pacific Ocean, from Washington Territory extending
south far into Mexico, has been explored, and where
ever q trace of silver has been discovered, there
claims have been staked Oft, joint companies formed
and shares sold. Men have become in their own
estimation suddenly rich, reckoning their fortunes
by tens and hundreds of thousands of dollars. So
long as the bubble remains unbrokcn and floats
things will go smoothly, but it requires no extrs.
discernment to foretell a day of disaster, for it is not
in the nature of things that n hundredth part of the
mines said to contain silver, will ever pay for work.
ing. The people of California have had experience,
but lessons taught in this way seem TO have been
written as it were in sand, so speedily is the record
effaced.
The great majority of the mines contain but little
silver, scarcely enough to pay for working, yet 1t Is
a metal which, like gold, is widely diffused through
the earth. In thousands of places both gold and
silver are found but not in paying quantities. Such
has been the usual experiences, and this coast IS net
likely to prove an exception to the rule. The golA
quartz mining mania in 1850 and 1851, and tDp
formation of joint stock companies, was n parallel to-
the present speculations in silver. Millions were
then lost by the people. a few persons who solo
shares became rich, but the State suffered a shock
from which it did not recover for some time. and
thousands were utterly ruined. The reckless man
ner in which persons are hurrying to be rid of their
money, puts one strongly in mind of the speculations
of 1852. Then, as now, money was freely given for
shares of which the purchaser could know nothing
San Francisco Bulletin.