Mr. Moran to Mr. Seward

No. 28]

Sir: As illustrating an episode in the history of the loan negotiated here during the rebellion, to aid the insurgents to carry on the war against the Union, I transmit herewith articles which appeared, on the 15th instant, in the columns of the Daily News and the Morning Star. The victims of this enormous fraud, [Page 211] it would seem, are about to ask her Majesty’s government to press their claim on that of the United States as an offset to the righteous demands of American citizens for compensation for the damages sustained by them through the depredations of the Anglo-rebel cruisers.

I suspect this project is, after all, the work of some unscrupulous stockbrokers, backed up by a few equally unscrupulous American adventurers, who aim at making money out of the original subscribers, by leading them on with the hope of thus obtaining the payment of their worthless bonds. But it is not to be supposed, for a moment, that the scheme will receive the countenance of this government.

I have the honor to be, sir, your obedient servant,

BENJAMIN MORAN.

Hon. William H. Seward, Secretary of State.

[Untitled]

A memorandum from the committee of confederate bondholders states that they are actively engaged in bringing their claims to the attention of government, with a view to a consideration of them, as against or in common with those of the American government in relation to the Alabama and other claims.

[Untitled]

We have been requested to state “that the committee of confederate bondholders are actively engaged in bringing their claims to the attention of government, with a view to a consideration of them, as against, or in common with, those of the American government in relation to the Alabama and other claims.” This is certainly the most wonderful step ever yet adopted by those, unfortunate gentlemen who believed in most of our contemporaries during the American war. The bondholders combined in London to subscribe money for the purpose of inflicting injury and damage on the United States, with the view of ultimate profit, should their little game turn out to be a success. Other parties fitted out privateers for the same purpose, and looking to the like reward, and now when our own government is believed not to be indisposed to do what is right in the matter of the Alabama, the bondholders wish to put forward a claim against the United States, because they have lost their money in doing them injury and giving aid and comfort to their enemies. If the United States were to put in an item of several millions in their bill, as representing the injury done them by the confederate bondholders, we could understand it, but for the latter to claim satisfaction against the United States is something altogether unique in the matter of claims. The bond-holders should present their old bonds to the writers in the public press, who misled them, as a recognition of their folly, and cease to trouble themselves further about steps which only end in chagrin and disappointment.