The free South. [volume] (Beaufort, S.C.) 1863-1864, 1863-07-04

captured by the U. s. steamer Florida,
while on her way from Nassau to port
in North Carolina, a rebel mail was found
on board, from which the following curl
Gus letters were taken:
NASSAU, June 7.
DEAR BROTHER: If am not
mistaken some the blockade runners will
lose pile of money as confederate mon
ey is becoming at such discount they
cannot get price enough on the goods to
pay the difference of exchange, as all
goods have to be paid in gold or sterling
exchange, and all freights prepaid, and
then take all chances of getting them
through, besides paying duties on them
at Charleston. Some of the blockade
men. here think the next steamer from
Dixie will bring bad news, and there viii
be much greater discount on confeder-
ate money-say seven or eight hundred
dollars for one hundred in gold, and my
opinion is it will soon be worthless.
Yesterday bought bere (Nassau) $500
in confederate moneYat four cents on the
dollar, and some was sold here for even q
the people here think of Dixie money,
and in fact, no one here will take it at any
price for goods or for freight money; and
if I had million of gold dollars; would
not invest 81 here and take the chances
of getting through and take confederate
money.
If YOU have any confederate money on
hand when you receive this, get clear OF
it on the best terms you possibly can, and
in the future do not take any more con-
federate money, only at what you can sell
it for gold, and turn it into gold as soon
as you receive it. The best investment OF
confederate money is good sterling ex-
change, the next is gold or silver, and the
next is cotton; for sooner or later, am
confident, confederate money will not be-
worth the paper it is made on, although l
NAV be mistaken.
Yours truly,
J. B. JAoUEs.
Messrs. J. 3. JAoUEs & Bro, Columbus, Ga
This is the testimony of rebel mer-
chant, whose exodus from the South seems
to have opened his eyes to the hopeless
ness of the rebellion. According to his
statements confederate money is already
at such fearful discount that the Eng
lish merchants of Nassau, favorable as
they are to the rebels, refuse to have any
thing to do with it; while, according to
the following letter, confederate bonds
are still more unsavory in their nostrils:
NASSAU. June 3, 1868.
WM. E. S1MoNs, Richmond, Va.
Dear Friend: n Ihave not been
able to find sale of the bonds, though
there has been sales heretofore, bit ,'o'o
NO one seems ready to buy. could sell at
forty.five cents, but am not willing to sell
at that figure. I have concluded to de-
posit them in house here to be disposed
of at a fair price, and proceed myseg TO
Mem York. as we talked of before my de-
narture from Richmond. Until my return
I shall not be able to make any shipment
to YOU. Probably intends to buy goods
in New York.
The feeling here by residents seems to
be in favor of the South, but do not
think 1t exists any Iurtnel Illau uonlS
and cents are concerned. They are all
making money out of the war, and do not
care, in my opinion, how long it may last
As to England herself, from what l can
see and hear, she is in favor of the South,
on account of the gallantry shown by
southern soldiers, and would be willing to
recognize her, providing she would eman-,
cipate her slaves, which can never be done.
Yours very truly,
HENRY WOODWARD.
Mr.. Henry Woodward proposes to visit
! New York, and Marshal Murray will prob
ably keep an eye on him.
Who is Quartermaster? The man
who give the poor soldiers one quarter,
on1 kaaps tbe resi- himself.