The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1863-07-02
oftbe Block "a dc Running Steam
err CaIypso,a Look into her Mails.

As we have already stated, the United
States steamer Florida, commanded by }. T.,
Bankhead, on the 18th inst, after an excl
ting chase, captured the rebel steamer Ca
lypso, from Nassau, bound for Wilmington,
n. c., via. New Inlet.
On board the Calypso was found rebel
mail bag. Among its contents were the two
letters which follow They contain pretty
strong evidence of the utter worthlessness of
Confederate money, and we might add, utter
hopelessness. of the rebel cause:
A GEORGIA MERCHANT TO MS PARTNERS.
NAusAU, June, Z.
DKAR BROTHER: : If am not mistaken
some of the blockade runners will lose a pie
of money, as confederate money is becoming
at such discount they cannot get price en-
ough 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 that the next steamer from Dixie will
bring bad news, and there will be much
greater discount on confederate money-say
seven or eight hundred dollars for one hundred
in gold, and my opinion is that it will soon
be worthless Yesterday bought here (Nas-
sau)fve hundred dollars in confederate money
at four cents on the d0IIor, and some was sold
here at even a greater discount. So you can
see what the people here think ofDixie money
and in fact no one here viii take it at any
price for goods or for freight money; and if
had million Of gold dollars | would not in
vest one dollar here and take the chances Of
getting through and take Confederate mon
ey.
If you have any Confederate money on
hand when you receive this, get clear of it on
the best terms yon possibly can, and IN future
do not take take any more confederate money
only at what you can sell it for in gold, and
turn it into gold as soon as you receive it
The best investment of Confederate money is
good sterling exchange, the next is gold or
silver, and the next is cotton, for sooner or
later ] am cofdent Confederate money will
not be worth the paper it is made Cd,
although | may be mistaken <
Your truly
J. b. JACQUES.
Messrs. j. B. JAqUEs & Bro. Columbus, Ga.
This is the testimony of rebel merchant
whose exodus from the South seems to have
opened his eyes to the hopelessness of the re-
bellion. According to his statements, Con-
federate money is already at such a fearful
discount that the English merchants at Mas
sau, favorable as they are to the rebels, refuse
to have anything 10 do with it while accor-
ding TO the following letter, Confederate bonds
are still more unsavory to their nostris:
A RICHMOND AGENTS TESTIMONY,
NASSAU, June 3, 1863
William Z Simmons, Richmond Va.
DEAR Friend: | have not been
able to find sale for the bonds, though there
have been sales heretofore, but now no one
seems ready to buy. | could sell at forty-fve
cents, but | am not willing to sell at that fig
ure. | have concluded to deposit them in
house here, to be disposed of at a fair price,
and proceed myself to New York, as we talked
of before my departure from Richmond. I'm
til my return, l 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. it
exists any further than dollars 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 can see and hear, she is in IA
vor Of the South, OH account of the galantry
shown by the Southern soldiers and would
be willing 20 recognize her providing she
would emancipate her slaves, which can never
be done. Yours very truly,
HENRY WOopARD