Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1866-02-08
fFrom the London Herald January 1o1

A meeting of the holders of the above loan took
Mace mt the London Tavern yesterday, for the pur'
hose of further considering the resolutions submitted
by the committee TO the meeting held some few
weeks AGO Admiral Wallace was i'll the chair, and
formally moved the resolutions, which wcrc in the
following terms
THAT the report of the committee be lead and
adopted.
THAT this meeting of the holders of the seven pei
cent loan OF the Confederate States of America
having full confidence that the great principles oil
justice aud International law, on which their claims
are founded, will I've recognized and acted on botI
by the federal government OF America ana ny sepI
rate States lately forming the confederation, that
committee be formed Tor the purpose oil obtaining !
satisfactory settlement OF such claims and that suci
committee he authorized to effect the arrangement
of such claims subject To the final approval of the
bOndhOlderS. .... .... g.. .rf -,
THAT in order TO furnish the committee Will
ample means to institute vigorous and effective meas
urcs both here and in America to procure satlsiac
tory settlement of the claims Of the bondholders
and to compensate them and the persons acthg Will
them for that purpose the holders OF the loan aSre'
that five per cent OH the nominal amount OF the eN
stinn bonds shall be deducted thererom and placed
at The disposition of the committee 50 soon as an ar
rangcment OF such claims he eilccted =. .
These resolutions having been seconded by hr
Morgan, ......
Mr.. Chamberlain, of the firm of Terrell Il Cham
bcran solicitors Easnghall street, lay whom tho
meeting was called, said that the committee were a.
op,n.On that the bOndh0lderS were IN justice an
equity entitled to be paid every shilling 0f the loan
both by the federal government and the Southern
States which had formed the late confederation. II
this conclusion they were fortified not only by tht
wellknown decision of Vice Chancellor wood, bh
by the elaborate and carefully expressed opinion
Mr. Fleming. He was sorry TO see that the course
ursued by President Johnson, excellent and judi
cous ia his conduct had been in every other respect
seemed to have placed an embargo on the Southern
States in accepting the liability of this debt But
Grave question arose how far the President himscf
was not acting contrary TO federal principles III plac
ing such II restriction upon sovereign ana lnucpeh
Lent States His (blr Chamberlain > impression wa
that the President would see his error in this respect
Those States would inevitably be ruined unes'
additional capital were poured in Tor Their use
And where was that capital to he obtained It
this country and in Europe; and before the Fedora
government could come forward and ask ASSISTANCE
for the Southern States or he allowed TO enter En
ropean markets. They must accept ana act upon
the PRINCIPLES which were universally acknowledge
in Europe Having alluded To the manner III winch
the loan had been brought out and the terms con
tanned in the prospectus, TO which the Respectable
names of Schroeder & Company were attached, ME
Chamberlain complained of the refusal OF those gen
tlemen and of Mes,ls. Etanger OF Paris, TO fnrlsl
the committee with copy OF the contract or "th',
information they had required. lie then proceeded
to say that he himself had caused certain ehIhifie'
to be made, and that, as far as he could ascertain
there was foundation for the allegation lha'
Mcssrs Eranger had realized a very large ana cN
traOrdinary sum Of money out OF the loan; lie
should have thought therefore, that ior the sake U
their own character they would have been prepared
to volunteer the information asked for Whether
the cir.nm stances would in the public estimation
instfy their conduct on this occasion was what The
committee wanted to know. De that as 1t might
he had been told that sum far beyond the ordinary
rate paid for loans Of this character had been le
ceiyed by MessrS. Erlanger; that III Fact, they con
al Tor thn a n mucl .SS luIlte Than llli
at which it raised and had melted somethins
like E5O0 600 by the transaction. (OhD lie did mol
make this statement without some foundation. II
might be baselcsS but he believed it was not base
less and that an extraordinary sum OF money had
been nctted by the gentlemen VINO Contracted TIE
loan Y Hear, hear.)
Mr. Western enduired whether any Information
had been obtained from Messrs. Mason and Siidell To
aid the committee i'll their enquiries, Mr. Mason nay
ing been the agent OF the South IN LONDON ana MI
SlidCll their agent In Paris.
Mr. Chamberlain sai the committee had been III
communicate with Mr.. Mason, who had expressed
himself most anxious TO assist the bondhoders. iI'
had also made some valuable suggestions to the com
mttee the subject.
Mr.. Wesern-llad the committee obtained any
information as to what had become of the money Of
the Confederacy in this country when the collapse
took place ~,
MIR. Morgan IA member of the committeee) THAT
was Il sealed subject with everybody "a Taught
The committee were unable TO get any INFORMATION
whatever respecting u.
Mr.. Western understood, and h. was glad to heal
it, that all the officers of the Confederate army had
been paid in full up to the LIST OF september proving
that there had been money OF the Confederate 9ttu'
in this country or on the continent of Europe. Per
hans Mr. Mason or Mr. Slidell (the latter of whom
was 4 relative OF Mr.. ErangGr, in Pari-), might be
able To state how the money had been disposed OF.
A vote of thanks having been passed to Admiral
Wallis for presiding, the meeting separated