National Republican. (Washington City (D.C.)) 1872-1888, 1874-08-05
AUG UsT BELN0NT.

/
HIS POSITION IN REGARD TO UNITEI
STATES BONDS BOTH DURING AMI
SINCE THE WAR.
The New York Tribune having charged tia
Mr.. Belmont discouraged the house Of Roths
child from investing 10 our securities when they
were lowest, he replies as follows: A..
r. a, r5y.- sAAiKAToSA SPRINGS, July 81, 1874.
MY attention has been called to two articles IN
| your paper, In which you state that the MeGsrs
hothseniid did not invest IN our Government loanI
during the war because they were fnfueneed nv
| my unfaToTable opinion Of the securitT Yo11
even assert that the head OF the London house
Ssla as much 70 prominent public man Of this
country only month or two ago
You are entirely incorrect In Your statarnants
ana Is Is impossible that Baron RothsohIId could
nave given utterance 70 such an assertion 90 dia-
metrioally opposed 10 the facts Of the case
II. have, from the very nrst iSsue Of our loans In
M our Pf fsdsr p IL
the Main as most desfabie ana SAFE inVestne1f
aud know that these gentlemen have held and
~ ~ nol9 feIy Iarso amounts Of our bonds bought
through me in Europe during the war
In conyerlstion With Mr.. Sanford. our late
minister 10 Belgium, some nine years ago. the
Se f Ss59n james De Roshsehild in Paris showed
hIn ~ his BOOKS, IN my presence, that be was
one o. the earliest and largest Investors In our
seeuritiea during the war. Though the MessrE
when they made these inSsstmspts t vel c.
Sisaln NItnout Iear OF contradiction, that all my
Ietters enq verbal Communications 70 them even
~ the darkest hour Of our national StrugRle I
never taitered n my conviction Of the ultimate
success Of the Union arms and the Undoubted
security Of our public debt
~ the Msssrs. RothEchlld ever expressed an an
PrsnenIlon that my political position might n
terIere with their negotiations with our Govern
nent they must have gone 70 such an erronsous
eonelu1lon by misrepresontations Of an illiberal
party press, OF which the articles in your paper
sre soeh glarlng instances, although they can |
hsr9Iy nave suspected such men as Chase, Fes
senaen and Boutwell, TO be sWayed By political |
prelndlees to the detriment Of the bic nterssf
BESIDES, the Messrs. RothschIld were aware
that, during all these trying times was honored
Oy the confidence OF our President and the Drom
lnent members OF his Cabinet. hold IN nv nos. /
session letters OF the lemeuted Lincoln a. Wel a.
81 messrs seward and Chase all written during
ana atter the war, expressive Of their appreeIs
tlon Of my devotion TO the Union cause and Of nv
actFe e1erLions Tor Its success both AT home and
abroad: Mr.. Thuriow Weed the friend ana Al |
.set 81 shese departed patriots, knows the trust
which they placed In me-
J. 1ou aiiude to my official position as former
Of the Democratic party In orier 70 |
prove your unfOunded assertions L chaIIen0e /
IOu 70 point oue one single act or word On nina
turing the whole period or our national troubies
.hlch was NOT dictated by patriotism and deVo,
ION to our beloved Union 49,
II Is late IN the day for you to try TO sir mn
'reluulecs against political opponent and IL is
lnly from a feeling OF what owe 70 nv friends i
NY children and myself that consent to notice B
our ertlce, In order 70 repel fits REGULATIONS AZ
must ana untrue, Yours respectfully
AUGUsT BELAoNT.