The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1869-08-18
The Confederate Cotton Loan.

"op'ul aSt'pofH setrou aButtiSE Ilio SfalaSs
bama claims, and this may be their .ulti.
mate fate; lut as holder, II am by no
means disposed to admit that our claims,
which are founded--filst on the Amerl.
can Government having seized the cot
ton which was hypothecated for their
payment; second, on the grievance the
bondholders have sustained, on, the
Government Of the United Staies,, or
rather the Congress, having foreibly sin-
terfered to compellthe Southern States
to repudiate heiE obligations to Sthe,
bondholdrfs. On both. or either OF these
causes the United States Government
are bound, accordingtto the law Of Yis+-
,tionst to pay these bonds. IS t-h
s. j think, therefore, It will be admitted
that although they may, for the, sake. of
bbpryingtall differences betweent The Uni.
ted S,atesand England in oblivion, be
set off against the damages done, BY the
Alabama, they stand, On international
and equitable. grounds, on, a, far hig her
footing. SO far. therefore, a. settling
all differences arlsing out Of the late
war are concerned, I should be glad to
see the matter adjusted; but I protest
against opr equitable and legal claims
depending in any way on the settlement
OF the Alabama claims, which, in an
international point of view, can only be
paid as an ac, Of ofgrece.,.
The holders Of Confederate cotton
bonds---@1 speak of those issued by
Messrs. Schroeder 81 Co.. the only for
eign loan the Confederate States con.
uacted-have only to!exercise little
more patience and theft claims will be
paid by the Southern States themselves
The dishonest tyranny (which compelled
them to repudiate the debt which they
held more sacred than any other as a
point Of honor to pay, cannot last much
longer. The South are beginning to
breathe again, and thepi will obtain
plenty OF Chinese labor to replace that
OF the negroes; and as prosperity ad-
vances, and more capital is required for
them to cultivate their estates, the first
thing they will dols TO turn their ewes
toward England foritssupply; and the
first thing that will naturally suggest
itself lis thes payment OF this paltry
i!oasi.i% fs;fs,9r ,pa,af a ~. ~, =
rs" "s.' J.. -. =
H}sWhat,would be three or four millions
sterling divided among the Southern
States 2o Besides this, 9the South will
have something to say as ell as the
West when the great qnsstiom-the
great question which caused the late
war. VIZ free trade--comes OH for dis
cussion. -st g,ra ~g.ar. SIs4 .l'
The holders Of cotton bonds lir We only
to lock their bonds up in their boxes
and calmly await events. The Com
rs::i.tee of Cotton Bondholders having
placed their case before the Government
not only of Mr.. Disraeli, but Of MIR.
Gladstone. and both Governments hav,
ing agreed that it should be referred to
any commission that may be seton foot
they have only to exercise a little more.
patience. .5l%la Aew ~ 3a@ ba4
II neither suits the commercial nor
political relations Of the two countries
TO have the large claims that are admit.
ted togexist on both sides for damages
arising out Of tho incidents in the war
to be kept open--nor will they be kept
open--especislly during such an agita.
tiot as Is about to commences in the
iUniled States relative to free trade.
Thank God this free trade agitation
@ill commence free from the question ;of
slavery It willr be again stiled by
enlisting sympathy with the North, be.
cause they alleged they were fighting
the battle Of Freedom against Slavery.
All America, with the exception Of the
New England States, will be ihfavor Of
free trade; and out Of this agitation
something favorable may nrlsesfor q :
& }ssA COTTON BON NDHOLDER.
e& sli}@Ft London Morning Post.
~, :. ~. - -. - :. ------~
gA The New York 1Ttbgne says 'The
,aft q nose-palllhg was ticely teshlb!tedt
Too rai.wsy Ha.n oas OF bosseng last,
week. week. Mr" Curtls Curtis banker and lawyer