The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-07-20

secured BY the deposit OF f9ss 1888 of bonds, and
hen on the boats"
The American people, doubtless, care very
little who among Rebel agents and mauipulators
OF the loan, OF who of the bondholders made or
lost money, and pass over the details OF the
interesting correspondence. That D'Brlanger
managed 1t shTewdly for nis own benefit is very
evident. He charged interest COMMISSION. and
exchange on all the stock passing through his
hands. In the transaction, f140 000 raised irom
the sale oil Dcnds, was set aROe as caution
money by Mason and Sldell who wished, Tor
political considerations, to Keep the stock at
par. DEranger charged commission on the
iepurcbase of this stock, although he he'd
Il in his own name, and received interest on
the sane. McRae was not then in Europe, but
upon arriving he reused to ratify the act of
Mason and Slidell, but made a proposition to
D'Erlanger that the BANKER should place
E7O4, COO of unsold 81 ock. 1t is not stated what
commission he was to receive. The agreement
was verbal and D'Erlanger was to forfeit
fl40, 0,000 If the stock was not placed at the end
of six months. The months rolled away, and
the stock was not placed. and DEranger, in.
stead OF paying his forfeiture, held on to the
fl40,O0O OF caution money, and helped himself
to the interest from Government funds in his
hands. McRae had no redress except to appeal
to Memminger. D'Erlapger wrote honeyed
letter to the Rebel Secretary of the Treasury,
and offered TO compromise" by giving up
one-hal. McRae finally accepted terms from
D'EIlanger. What they were Is no stated, but
McRae writes doleful letter to the banker,
saying that he is afraid Memminger and Davis
Will censure him. D'Erlanger seems 10 have
wound McRae round his finger at will.
Schroeder Co. were in the ''ring" with DEr-
LANCER, and received commission and brokerage
on the entire amount of the loan, &3, 000, 600.
D'ETlanger, Schroeder, and McRae each took
100000 of stock in the "Fraaco- Enelish Steam
Navigation Company" which was to bring out
cotton on Government account. D'Erlanger
fixed the date of issuing the bonds, and thus
brought advantage to himself. Among che pay
ments made through Mr.. Mason were EOS, 900 to
Captain Crensbaw, EGG, 900 TO Captain North,
f3S,000 to Captain Maury, G3l, 900 to Captain
Bullock and Mr.. Spence. A Dor ion of these
sums went into the hands OF the Lairds for the
rams which they were building. Isaac Camp
bell d Co. received 95l5OOO (S2, ,575, ,000). This
firm took fl5O,0nO of the loau. Bonds to the
amount of fll7,OO0 were converted into cotton.
1t appears that DErlanger endeavored to sweep
these into his drag-net, and obtain commission
and brokerage wholly unauthorized.
Since the close OF the war the British holders
of the loan have called upon DErlanger for an
account of his operations but can obtain no
satisfaction. They have despatched an agent to
the United States, appealing TO the magnanimity
OF the Federal Government for an adjustment
ard payment oil their claims. Such insolent
audacity has been promptly rebukeG by Mr..
Seward. Marvellous their stupidity and efirontery
to ask pay for the Goals on which they sought
to roast us, for the rope that to strangle the
young giant OF the West, whose growth they had
behelo with alarm, and whose power they feared !
As is evident from the correspondence in my
possession, the whole scheme was well contrved
and manipulated by Slidell and D'Erlanger for
the benefit OF Themselves, and also of Campbell
d Co., Schroeder d Co., Spence, the Lairds. and
McRae, who, by the aid OF the London Times,
and "all the papers," were able to fleece the
English arstocracy out OF fifteen million dollars.