CHAPTER XXXII.

THE CONFEDERATE LOAN.

Attitude of Great Britain. -- Sympathies of Palmerston and

Russell. -- The English Press. -- Operatives of Lancashire. --

The London _Times_. -- Opinions of Mr. Spence. -- His

Appointment as Financial Agent. -- Address of the London

Confederate Aid Association. -- Whittier's Lines to Englishmen.

-- Mr. Mason at St. James. -- His Griefs. -- Benjamin's Letter

to Mason. -- Mr. De Leon appointed Agent to subsidize the Press

of Europe. -- Englishmen engaged in Blockade-Running. --

English Ship-builders at work for the Slaveholders. -- Funds

needed. -- Benjamin's Letter to Spence. -- Rebel Coin shipped

in British Vessels of War. -- Slidell's Proposition for a Loan

based on Cotton. -- French intrigue to sever Texas from the

Confederacy. -- Mr. Slidell recommends D'Erlanger as a suitable

Agent to negotiate the Loan. -- D'Erlanger offers it to the

Bankers of London. -- Mr. De Leon secures the Support of the

Press. -- Opening of the Correspondence. -- D'Erlanger's

Opinion of Mr. Spence. -- Mr. Spence's Proposal. -- Rush for

Subscriptions. -- Mr. Spence's Letter to D'Erlanger. --

Compliments of the Emperor to D'Erlanger on the Success of the

Loan. -- Jeff Davis a Repudiator. -- Rancor of the London

_Times_ in 1849. -- Eats its Words in 1863. -- Whitewashes

Davis. -- Opinions of Mr. Sampson. -- Opinions of Mr. Delaine.

-- The _Times_ in the Pay of Jeff Davis. -- How the Support of

the Newspapers was secured. -- Mr. Spence receives L6,500 as

Correspondent of the _Times_. -- Meeting of Rebels in Paris. --

How the Loan was sustained. -- D'Erlanger's good Game. --

Wishes for a Second Loan. -- D'Erlanger takes the Part of

Shylock. -- Trouble with McRae. -- D'Erlanger helping Himself

to Principal and Interest. -- Schroeder & Co. in the "Ring." --

Payments of Money. -- Who was benefited. -- The present

Bondholders. 523

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