New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-20
NO CONFEDERATE FUNDS IN EUROPE.

In the course of the speculation in Confederate
bonds last November, 5. L. N. Barlow wrote a Iel-
ter TO Judah L. BENJAMIN the Confederate go i
tary of War, now living in LondoA Itqu,stlmg IN,
formation concerning the TumorS that vast Suilth VI
money had been deposited lay the Confederate uon-
eminent III the Bank Of England AMI elsewhere III
Eur0ne Mr. BENJAMIN is now leading lawyer III
London, and has facilitce for knowing me rum run
about the matter. An answer was received ca!ly III
December from Mr.. Benjamin. but a. ll9'hIiG was
said about printing the information, Nr. BarioW
wrote again saving that unless he received an IN
mediate answer by cable he should publish II. AZ
ter waiting six weeks, the letter IS row mauc puo-
lie. Ii Is as follows:
TEMPLE. LONDON, Nov. .. 1ssl:.
Ny DEAR BArL.w Ihave yours OF tne IY I'm, nm IN,
formation posses. the subject OF the S"nlc3efnao
bonds wLich spectators on nc STOCK ENS;'n5e
~ spread abroad That there vast sus deposited IN
tl.r Bunk 81 England and elsewhere In Europe. inc
Confederate Government never hal hut two means OF
RAISING money IN EurOpeOnc wa by the export 81 cot
ton ali of which consigned to he house of Fraser
fc@cd IhToueh Messre Eala1-cr * Go. ard shredder &
Co. the proceeds of which were aH received y conn
Mackac, The financial agent az the Government.
the close o the wort the United states Govornmcnt'
claiming tie night Il receive the Cn'le assets Of t Nou'
lcdeIate Government Instituted suits AGAINST Fraser,
Trenholm Il Co and against M1CEac. After q deter
mined and pIo;raced litigation, Fraser IiedAolm y 60,
was destroyed and their cect brocu by the apnrclcn-
s"ns created in the mercantile world 81 tie result Ol 9c
owed little ornonci AID think the United States III
timatcly recovered e" thousand dOildl5"s conro-
mise.
NacBae proved IN h case that he Lad rendered iul
and faithful account 10 the Confederate Government OF
the entire proceeds ~ the loan Ia Payment Of supplies
ILd munitions of 10 the various cOHul-~aI!dl INA
quart -Eut.tcr Officer, in tu!s country AID ~ nc coupons
on bonds; buj lie ready 10 render h- accounts
over again Il Tie United states wOli agree t. reimburse
HIN ans balance found du" in his favor This |S de,,
Glued rAe case l. reported IL Law Rep = *. G3l
Poor Maclae! in shattered hcal aud with few hun
drcl pounds the wreck ot his foTunc'. cEherllei 10
Spanish Honduras, he sought To earn sui port on
snail rtork-frH bat he died IN extremely rcddeei cir
cuuiSta9ccs.
Tao iast payment Of coupons on the Confed rate
loan was Only aced after great effort Joy means OF cot
ton sold through Fraser, Trenholm Co. go 81 the pro
cerds II the loan hat long previously been exhausted
The ID"a ~ atcs Government also recovered some sup
plies machinery aAd several vessels IN fact ey r}tHhE
that rcc!nupd from the wreck; and q" not believe mat
one penny is to be found anywhere IN Europe OF the
assets OF the Geiunc COnfedcracy Il au,in@ gan ever
br r.c0vcre! by the DOndlodcr, Ii oi! U' N GOV
crnncut action in TIE United states and yJu can judge
ter than II there Is the rcLOtcst hope ri aAy
such action. Yours faithfully
iSgrcd) j l.. BENJAMIN.
los l.. VI BARLOW, esq.,, Nclc- York.