Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1866-07-25
THE REBEL c3TTOs LOAN,

!, from Mr. Seward relative to the petitio
: ot the English bondholders Of tue Reb,
cotton loan,--a subject of much intere,
Oh both sides of the Atlantic The bon,
=. holders among whom are peers of tn
= realm and members of Parliament. NJ
;, beng able to obtain any satisfaction Crol
: Baron d ETlanger, the nesotiator Of til
! loan, asked the United States to recoaniz
), their claims against the Confederacv. bu
were summarily dismissed by MIR Sew
j, ard The secret history Of the oncrafigf,,
schemes, and plans OF Maaon, Shdcll, an
= ID trlanger is about to be given To tb
! pubiIe IN a volume entitled -Four Year
. OF Fighting 10y c. c. Coffin, widely know,
, as Carleton" who, in addition to yiyi,
: descriptions Of battles, and incidents .
! marches, and in the mps and HOSPITAL
Fand prisons, has a chapter upon the loan
replete with quotations from the CORE,
> spondence Of Mason, Slidell, y Erianoer
NeRae, the Rebel agent in charge of thf
loan, and Spence of Liverpool, the cor.
respondent of the London Times The
author entered Richmond willie the city
was IN flames, and IN passing through the
streets picked up package which con-
tanned the correspondence between the
, parties, showing how the loan was nero,
tlated, how the London Times was brou obi
into tie service and pay Of JEFF Davis.
what interest the Emperor of France took
IN the success of the loan, how the loan
was put upon the market, and who re-
celYed commissions and emoluments.
The work is published by Messrs. Tick
nor and Fields of Boston, and is sold by
agents only. The following selections
from the chapter npon the loan will show
the public the venality of the Times. the
dupllclty of the manipulators Of the loan.
and how the dIsconsolate bondholders lost
! their money.
| Mr. SlideH had made the acquaintance
! ct Baron Ermile d Erlanger Of Paris, a
/ jewish banker, who had branch house
I IN frankfort, conducted by his brother.
I Raphael ID Erlancer This firm was rec
commended by Slidell as a suitable agency
Tor bringing out the loan, and the contract
was given them by Mr.. Memminger. DEF
/ Ianger began preparations for putting it
on the market in February, 1863 He de-
sired tc issue it in England France. UoI.
land, and Germany at the same time. to
BRING T" the Conlederacy the financial
support Of Europe The considerations
were political as we'll as financial lie
found some difficulty, however, in obtain
ing English agents. The BARNES and
hothschIIus stood aloof lie offered the
London management to Messas. John II
GllIIat e Co, but that firm declined hav-
ing anything to do with it. II was offered
to other bankers, but refused. He found
wiling agents at last in Messrs John
had been acting as agents of the Confed-
prarv. and the managenens was placed in
their hands Schrocder's agents in AM
sterdam managed it there. while b Erlan~
oer's branch house in Frankfort brought
Il out j., that c;tv. nErlanger himself
manipulatcd it in Paris
D'ErIanror and Mr.. Beer. of his firm.
,;e;t,d FnaIond and ARRANGED matters
win Mason Snence and with Frazer,
1,rarboITn 4 co oIl of whom we're actiDr
- arart. or tho Corfe1e~acv. 4 srrciaI
o,ert had Iren aunointed Inv The Rebel
l,0varnr,ant to take charaa of the Igar.-
Ganera3 4 J AfcRae. who was on his way
from Richmond to Paris but as the needs
of the Conrederacv were urgent. the loan
,,-os ,,,,--,o4 l,ar,,,1 his arrival
Tba eunnorf If tho rress was recurad -
o11 Lnt W. ~, 4Iraa ,.lnars heinz nrourbt.
tbronrh Tia 9aqnct II Mr. DcI.eon. Mr.,
~ o,,ll Al C;,,nyco 70 ,yois. tI,a CON-
c,'fora.,- ~ Jo,yn Tho I-n;g, and urre
-, ;,i- l., Franca and j.ngIa2d a. lie
g,,.o@r 80. ~ mt an end to the war
T2a cgrrcsrondcnce IN NV possession
"a
March RTr spence. sitting in his par'or
n he Bur iagton Hotel. Old Burlington
street. London. writes to Baron d Erian-
rer who is in Paris asking for copy Of
/ the contract
DErlanger did not place n very high
estimate ON The ability Of Mf. Spence as a
financial manager: but as he was the cor
I respondent of the Times, and commercial
/ agent Of the Confederaey, thought best
not to offend him. Spence, on the other
/ hard, saw IN opportunity 10 make money
/ 4 week later, on the 9th OF March, he
wrote thus to u ErlanEcr =
You said something in the last inter>
/ view Of E5o.OOO Of the stock If 1t had
occurred TO YOU to put down to me that
quantity at the gross price Of seventy
seven, | should BE disposed to consider It
looking to the advantage to all concerned
Of having common interest
As the loan was issued at 80, this pro
posal of Mr.. Spence to take 1t at ''-glv-
ing him margin OF - per cent under
the contract prlce--Fasr IN '"e language
OF banker - - .o' i ..e1s;,s
CORES '9UuGH. u 'l'y I'll -.
upon "nic. more i.-i.. WI ~ 1'--o'
further on IN TINS history
The loan was put upon the market on