Year: 1863

The Lendon Morning Star makes the following well
timed to attempt by the writer Of the money
articles in the London Times to console the holders Of
Confederate stock:


The Confederate loan has fallen fast and far that


it's condition and prospects naturally form the subject of
excited mt among holders and dealers The Times


its city article yesterday endeavOrs to comfort the losers
by little mOraizng upon the fearful uncertainties that
beset all investments that depen upon military
and compacenty specuaes upon what
would have been the result if the battle Of Gettysburg had
been won by the COnfederates We held out
fort to those who invested their money upon the most rot
ten security which offered in the market but
at least point out to those who have been duped the
parties who chiefly responsible for the deception which
has been pracced. The uncertainties of war are un-
doubtedy great and those who stake fortunes upon lis
issue must be prepared for reveTses we'll victories
But in the of the Confederate loan many have
lost heavily and several been ruined not account of
sudden change Of fortune in the field but because they
put their trust in the and comments furnished to
them by the Tmesthe first being constantly nexact and
the latter distinguished by amount either of Ignorance
wul misrepresentation equalled in the history
of Journalism The holders OF Confederate stock not
the victims of misfortune, but of impostute-0f kind
perhaps which cannot be punished in courts of law, but
not on that account the less dishonest If the Times
which exercises great an Influence on the money mar
ket had received letters from New York honestly depict
ing the military situation in place of being filled with abuse
of President Lincoln and his Cabinet gathered up from his
unscrupuous opp0nent- these letters had by
accident spoken truth to the bravery and discipline of
the armies besiegiDg Vcksburg and Port Hudson con-
fronting Bragg in Tennessee, watching Lee upon the
Potomac its readers could have nelgenty made their
minds as to the uncertainties and risks OF the war


But what the New York letters concealed the edito-
rial comments made still more obscure. The army and
navy Of the Union alike the constant theme of vitu
peration. All Northern Generals and Admirals were
FOOLS all Southern leaders god-hke heroes all North
soldiers c0wards all Southern desperadoes chv
alrous the knights of Old Northern
decried and rdcued their armies constantly upon


the point of melting away the whole frame of society in
the Free States in of falling to pieces The
OF Northern politicians were held up as great states
men, their reasonable uterances declared to be the


ment Of the great body of the people, and the popua


on from Maine to Missouri represented to be longing for


the time when successful General should appear to pro-
claim himself king and master BY virtue OF the sword
Those who know America could afford to smile at all this
of ludicrous misrepresentation by which the conduc
tors of that organ have imposed upon the ignorant and
credulous, knowing full well that the bitterly hostile
ments of English Journal had influence upon
events than the motion Of the earth its axis but
many at home lent their money upon the faith that all the
untruths and exaggeratons gospel and they have
learned how dangerous and costly thing il is to
place confidence In the honesty wisdom OF the Times


I'm the article of the city editor to which we have re-
ferred have sample of the utter reckessness of
statement concerning the United States which has con-
stanty been pracsed He does not scruple cay that
if the battle of Gettysburg had been by the Confede
rates there every symptom that such result would
have led to the establishment of the Confederate
Washington, and prompt adhesion from New York and
Pennsylvania We could excuse suck statements on the
part ignorant and excited partissns their wne
but it is most amazing to find them given forth to the
world by Influential journal article treating Of the
commercial disaster which has resulted from equally
founded allegations. What the Symphonic TO which
the writer refers Each Of those two States of which
he speaks has sent contingent Of upwards of hundred
thousand to the Federal armies to fight against the
rebels What symptoms have ever been displayed that
they ready to become rebels themselves Not only
have such sympt0ms been exhibited, but say
now what have all along maintained, that defeat at
Gettysburg would have had other effect upon the North
tu
rebellion Meade's army would have been still menacing,
although defeated, and ready to meet ths foe
reinforced 1t foul calumny upon the brave and loyal
people of New York and Pennsylvania 10 say that upon
the defeat Of of their great armies they ready to
succumb to rebelous faction; but it is precisely by the
reckless uterance Of statements like these that the Times
has duped it's followers into lending money upon the Con
federa!e bonds which will shortly not be worth the paper
on which they are printed"