The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1866-08-28

6QICOf OF Il6 City dIClCtO NtLo "hI'CN -'oAA'li
Jeff Davis, the editor in chief was assuring
4 the public that the Union was forever
3 brokenup. ls...-s Q o''-.-a l5
9 f. Thus wrote Mr.. Delaine, the editor in
S chief, on the 10th = --aJ s-.e-
S $50 far as it is concerned, the once United
: States are a mere heap of loose materials, a
: caldron of molten stuff, ready to receive
whatever form fortune may determine. In
3 that vast melee are two centres, which sew
: orally strive to give law and order to the
whole. At Washington body of men,
g not without courage, ability, and enterprise,
are laborin9, not 10 restore the Unon,-
? they might as well try torestore the Hep
tarchy,-but to reconquer what has been
5 lost, and, let the worst come to worst to
establish military power" lz
! On the 9th another leader was given to
| American affairs Said the editor:- 1'
GAS to the final issue Of the wal, all the
world, except some politicians, soldiers, and
/ contractors at Washington and New York,
have made up their minds. -. :. Except
ing a few disappointed gentlemen of Re-
81 publican tendencies, we all expect, We near y
all wish, success to the Confederate cause" Z"
And again, on the 26th:- i.I. -
"There was room enough for two states
on one continent, could the Americans but
have believed it. We do not affect to be
surprised at the course they have taken.
1t was natural that blow should be struck
for the Union; but all Europe has long
Il i
That men act from motives is funda-
mental truth Of moral philosophy. Why
the Times gave such earnest advocacy to
the shareholders may be inferred from what
follows. Opening now the correspondence
of D'Eranger with the Rebel Secretary of
the Treasury, we read, under date Of June
\ 6, 3:-fa .a.. .'1l -ls... .=... %. -
ID great margin lad to be giUen to IN
terest tie newspapers, pay commissions,
and captivate tie opjlaions of those 0ho
treated tie loan and its support as a qeses-
ton Of proft and loss"
And further on, in the same letter.
"IHanks to great pecuaioJy sacrifices
made, AND THE SUPPORT OF ALL THE NEWS
PAPERS, tie subscriptions for the loan
Surpassed our oeOn expectations. 1t
reached .JfUe times the amount Of the loan,
and success made eDer,yJody friends"
At later date, ]. Henry Schroeder &
Co., in note marked private" writes to
D'Erlanger - 1885,. #
"For the advertisements in the Times,
through Mr.. Sampson, and laterin the In
dea, concerning the payment Of the coupons,
a0e shall do the needtW." -... .-
Thus, from the statement of D'Erlanger,
we learn that the Times, upon which John
Bull pins his faith, was not only by SYM
pathy, but through interest, the advocate
Of the loan and Of the shareholders Con
federacy. It's financial articles and It's lead
ers were written to the order of D. 'Erlanger.
BY the aid of the Times, Partisan Jew,
taking advantage Of the expressed sympa-
thy for the South, by lords, members of
Parliament, bankers, business men, and ad-
venturers, and of the general gullibility of
the British public, was able to secure sub
scription of forty-fve millions dollars,-or
thirty million in excess Of the. loan We
have seen that the Liverpool correspondent
of the ITnoee had been quieted by COM
mission of sc, 800 (330,oOo), not for serv
ices rendered, but, as thus explained in D'-
Erlauger's letter to Melnminger, written on
the 8th of July, 1861 ....... i
"When our loan contract reads the let
ter, "was coming back from America, this
gentleman (Mr. Spence) wanted to inter
fere in the matter, by all means, and claimed
partnership to the contract Of one sixth,
under the pretence that he was the tinan-
cial agent of the Confederate government
in England, and that our making the loan
had put him out of business which he
might otherwise have transacted for the
South. We knew that Mr.. Spence wrote
frequently for the Times, that as public
writer he could do great deal of harm if
not any good. We succeeded in escaping
his intrusion, and when | had made ar
rangements to bring out the loan in Eng
land, [ followed his invitation to arrange
matters with him in Liverpool, and went
down there myself I gave him $4,000
of the loan at seventy seven, taking them
back at ninety, which gave him conlnlis
sion as profit of $4,000"
These extracts from D D'Erlanger's cores
pondence will show that the London Times
was in the service and pay of JEFF Davis
during the Rebellion.
On the evening of the 23d, Lord Camp
bell called up the American question in
Parliament, making a speech in favor of
recognizing the Confederacy. He spoke
of the remarkable success of the loan, as a
proof that the English public was ready to
aid the South. The loan being thus boil
stored, went up to four and half per cent
premium.
Mr.. McRao having arrived in France,