The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-08-03
MIR. AUGUST RELM0yTs LOYALTY.
SARATOGA SPRING., July 81, 1874.

SARATOGA SPRING., July 81, 1874
To THE EDITOR or THE TRIBUNE
nv attention has been called 10 two articles tn
your paper In which you state that the Messrs
RothscnIld did not invest In our government
loans during the war because they were Influenced
by my unfavorabe opinion OF the security. Yos
even assert that the head OF the London house said
as much to prominent pubic man OF this county
only month or two ago.
You are entirely incorrecS In your statements
and 1t is impossible that Baron KothschiId could
have given utterance to such an assertion, 50
Numerically opposed to the facts OF the case.
have from the very first issue OF our loans In
1862 up TO the present time on all occasions recon-
mended our federal bonds to the Messrs. Roth
schid in London, Paris and Frankf0rt-on Main
as most desirable and safe investment. and
know that these gentlemen have held ana do hold
very large amounts OF our bonds bought through
me IN Europe during the war.
In a conversation with Mr.. Sanford, Our late
Minister to Belgium some nine years ago, che late
Baron James de Rothschild in Paris showed him
by his books IN my presence, that he was one OF
the earliest and largest Investors in our securities
during the war. Though the Messrs. Rothschlld
undoubtedly judged for themselves when they
made these investments, yet can claim, without
lear OF contradiction, that In all my letters and
verbal communications to them even at the dark
est hour OF our national struggle, never aitered
IN my conviction CT the ultimate success OF the
Union arms aud the undoubted security Of our
public debt.
II the Messrs. Rothscbild ever expressed an
apprehension that my political position might
Interfere with their negotiations with our
government they must have come to
such an erroneous conclusion by misrepresenta-
tons OF an llilbera party press, OF which the ar
tlcles In your paper are such garing instances.
although they hardly have suspected such
men as Chase Fessenden and Boutwell, to be
swayed by political preJudices 10 the detriment Of
| the public interest
Besides, the Messrs. Rothschild were aware
| that, during all these trying times, was hOnOre0
| by the confidence Of our PRESIDENT and the prom
| tnent members OF his Cabnet. hold IN my pos
session letters OF the amented Lincoln, as well as
| of Messrs Seward and Chase all written during
and after the war. expressive OF their apprecia-
| ton oil my devotion TO the Union cause aud OF my
active exertions ior Its success botn at home and
| abroad. Mr.. rhuriow Weed, the friend and ad-
vses Of these departed patriots, knows the trust
| which they placed in me.
You allude to my Official position as former
Chairman OF the democratic party in order to
prove your unfoundeu assertions. chal1enge YOU
TO point out one single act or WORD OF mine during
the whole period Of our national troubles which was
not dictated by patriotism and devotion TO our be-
loved Union.
1t is late in the day for you to try to stir up
prejud'ces against political opponent, and 1T Is
only from q feeling OF what owe 10 my Trends,
nv children and myself that consent 10 notice
your article in order to repei Its accusations al
unjust and untrue. Yours respectfully,
AUGUST BELMONT.