Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1865-04-15

ton long before the dissatisfaction OF the leopc
compelled Memminger 10 resign.
II is said by those who know, that when the south
Carolina Legislature hQTneSsed up the nag 'Seees-
sion in the Fall Of 1850 Trenholm opposed, and
succeeded in stopping the irst set oi resolutions
drawn I'D by the committee on foreign relations III
I the House. Another SCI vas 3Selue"''! s,'l'n-,
bnt trenholm. Memmlugrr Porter, and many
older men who Afterwards tell into line, we're silent,
nd mot altorpther free from dark ioretodugs at
this 81 &c of the drama. Many oil Inc younger
men who were most forward lie beneath the SOD,
INT Pone the author OF the resolutions, who was
captain in the Confederate service, obtained soit
snot and still lives the Jolly OF biz opinions
and The misery he has contributed his poor talent
TO bring upon fis country e,.-,uo mac
Trenholm, as the directing man OF MS mousse was
the first to enter upon the blockade-ruhnihg ehe'
mise. He purchased the first vessel seized by the
paboIs and sold under decree Of their so-called
Cont of Admiralty. During the year 1851, when
tbere were many vessels lying in Charleston, ms
Ihouse uurchas ed and loaded large NUMBER WIN
cotton. rosin and turpentne. and sent them GteGt
20 Liverpool. With the proceeds OF ines
and carcoes, steamers were purchased, when III
tbo snrinq of 1862 began u make their appearance
Ia Cb.rlaston For year subsequently they had
= monopoly of this trade with y asSau ana berInuo''
making enormous profits on their imports ana eA-
orts the price of cotton at this time ranging from
Ptkt 20 ten cents per pound. Confederate cur
ne, had not then deprecated much, ana conn
denc in the success other cause was high through
out the CCniederacy' e ..;., ,.,,5o
the losses were but few Among them the AIiahct'
n 7 a,nara Kate Gordon and Mars some OF when
~ ,oiS for themselves more than fifty times. In
Iseq tho Arm began 20 sell out their old steamers TO
co,,na,ies formed in Charleston. These companies
would double, treble ard quadrupie 'heH STOCK on
FIRST cost and nut II into the marEe, very much
after the petroleum fashion. one successiuI UP
would nut up the stock and make II marketable
Article when.it woHld move up to'S5,OOO, SlO,VOJ'
~ even 800 900 per share, 900 being tie par
value The companies were cahed lhe ''Chalies-
ton ttChicora," &c IN 1864, II was peheNeu tHat
I"bn Fraser & Co. had made many millions and had
:. 1,,,i,, invested abroad as well at home. \
nsr+ of This investment was in a magnificent villa
which Geo. A. Trenholm was improving near 90
lumbia, ct a cos. o. 200 VVo' e.......-
In the spring of.ls6l Memminger, the Secretary
Of the Rebel Treasury found it agreeable to resign
Sor,a time ureyious 10 his resignation he had Issued
circular to the bankers and hnancierS oil me Eon
G,dorocv soliciting their individual plans ana ad-
- nc ~ the management of the currency and pub
lie debit These financiers, Trenholm among them,
called a Convention at Augusta, and Jointly submit
ted TO the Secretary their scheme. INC lIe'SuI 60
adonted bv Congress and the Secretary were essen
ti,li,, the same as then recommended, and which
made MemmingeT place so uncomioItaole lhat nc
80 ,l9d N vacate IT, The principal feature was
the fI,ndng of the old issue currency IN per cent
bonds at discount Of 80 per cent, ana taxing that
which remained uniunded ~ per CENT @i''-uiOb"i
for every month Of delay until It was all wiped
Vt this igncture Trenholm was called to the
ITrol-urr. r. accept sGch a position "'s q TOLD
stem for any mIE who valued DIS reputation re
has however. managed 20 keep Congress and the
~oss cod ratured towards him, and thus far has
> cxbibitod much tact. How much the privileges
,0riad tbe D1triJts through the facilities Of block
, aderrnnipg on Trenho!m's steamers mad 10 do WIN
This NAV Ne inferred when the rate OF freight TO
Nassf was GlQ to 40 per ton C; iofty euoc ieet'
The space Of bale Of cotton aero -hu 'he!e IEee,
r,ns \ Jreat boon and eagerly sought for.
Nr Trenh olm was iiber-, n this respect. lie
has l,een known 10 aid even poor dntes cl5Tey-
!, man by allowing him space ior e" bales On ms
vel tree To several OF the teachers from the
North, male and female, lie gave lree passage
through tho ockadc when it seemed impossible 10
= got away. The price Of passage was ono hundred
Z dollarS. in gold, to Nassau. 1t should be men,
toned here that there was extreme jealous! among
the people of all who attempted to leave the Con-
Gderocv In South Carolina, any such intention
was sure to prove annoying, if not dangerous, and
9 in all these instances Trenholm had reason to be-
jeve the opinons of the parties aided were adverse
TO the Rebel cause. .
{ is a captain of cavalry. The other was on General
Giss staff in Hoods array. Neither will get shot
in this war.
f Since the war fairly commenced, Trenholm has
dona everything in mis- power Jr the benefit OF the
Rebel cause and his own sggrandizement. Proba-
bIv be has done more than any other man in acili.
Eating the foreign communications and trade of the
Confederate Government. Besides his immense ill.,.
yestmeuts in stocks, cotton and lands at home, he
has large sum in sterling, upon which, when the
war is over he can retire 10 another country and
blot mischief against the United States.
Just previous to the war his house was in diff
culty. and suspended payment. They held large
amount Of cotton in Europe, when sudden rise
brought them out and enabled them to resume,
bu, not until after of the home creditors had
acceped real estate at prices which it was after
wards alleged Dy them far beyond what they
{ would have purchased at under any other circum-
! stances No charges, however, we've ever brought
against tao honor Of the house, which has always
stood high. Notwithstanding this, il is doubtful
whether at the commencement of the war the house
was more than solvent.