Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1869-08-13
" A R Z II II x
The Confederate Cotton Loan.
HOPES orlAN ENan1su BoNp1loLpEn.

& TO the Editor Of the Londom Post: Sir
1t has been asserted that these bonds would
act as . set-oG against the Alabama claims.
and this may be their ultimate fate !; but, as
holder, 7 am By no means disposed 10 admit
that our claims, which are foundcd-frst, Oh
the American government having seized the
potion which was hypothecatod for their pay
,Aqcnt second, on the government of tho
United States, or rather the Congress, having
foraibly interfercd to compel the Southern
States to repudiate their obligations to tho
bondhSlders. On both or either of these
causes Tho United States Government are
bound, according to the law of nations, to
pay these bonds.
l thiuk, therefore, it will be admitted that
although they hay, for tho sake Of burying
oil differences between the United States and
England in oblivion, be set off against tho
damages done by the Aaabana, they stand, on
international and equitable grounds, on a far
higher footing. So far, therefore, as settling
all differences arising out of Nthe late war arc
concerned, l should be glad to see the matter
adjusted but | protest against our equitable
and legal claims depending in auy way on the
settlement of the Alabama claims, which, in
an international point of view, can only be
paid as on act of grace.
The holders Of Confederate cotton bonds
/ speak of those issued by Messrs. Schroeder
d Co., the only foreign loan the Confedcrates
contracted, have only to exercise a little more
patience aud their claims will be paid, blythe
Southern States themselves. The dishonest
tyranny which compelled them to r~epudista.
the debt, which they held moro sacred than
any other as a point Of honor to pay, cannot
last much loager. Tho South is beginning
to breathe again, aud they will obtain plenty
OF Chinese labor to replace thut of the negroes;
and as prosperity advances, and moe capital
is required for them ia cultivate their estates,
the first thing they will do is to turn thoir
eyes toward England for its supply; and the
first thing that will naturally suggest itself is
the payment Of this paltry loan.
What would be three or four millions stcr.
ling divided among tho Southern Suites p
Besides this, the South will have something
70 say as woll as the West, when the great
questionable real question which caused the
late war, viz, free tradc-comcs on for dis.
QUESTION.
The holders of cotton bonds have only to
look their bonds up in their boxes aud calmly
await events. The Committee of Cotton
Bondholders having placed their case before
the government, not only of Mr.. Disracli, but
Of Mr.. Gladstone, and both governments bav
Ing agreed that it should be referred to any
commission that may be set on foot, they have
only. to exercise a little more patience.
It neither suits tile commercial nor politi.
csl relations OF the two countries to have the
large claims tat are admitted to exist on both
SIDES tor damages arising out of the incidents
In the war to be kept open-nor will they be
kept open--espcoially during esuoh an agita
tion as is about to commence in the United
Bates relative to free trade.
Thank God, this free.tnde agitation will
commence free from the question Of slavery;
u will noe be again stifled by e~ulisting sympa
ahy with the North, because they alleged thew
were fighting tho battle of Freedom against
Slavery, All America, with tho exception
OF the New England States, will be in favor
OF free trade; and out of this agitation some.
thing favorable nay arise for
July 10, 1860.
Retrospective Glanoes at Arkansas TRACE
80 dies. '&@'
The readers of the "Appcal' are we'll In
formed as to the murder of Capt. McAlister,
Major Harvey, William Ticor, and others,
cQnfederates, who were butohered last Febru.
ary by the militia in Crittenden county.-