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Charles Congdon, Tribune Essays: Leading Articles Contributing to the New York Tribune from 1857 to 1863. (ed. Horace Greeley), The Montgomery Muddle — a specimen day. (search)
by all this display of bunting, referred the whole subject to the Flag Committee, which, without delay, has created and reported the necessary banner. Thus the Confederacy is provided for in that respect at least, and what more can it desire? Cash, clearly; for even a Southern Confederacy cannot live upon loquacity alone. Cash, therefore, the Congress has proceeded to raise, or rather, not to speak with frightful inaccuracy, has resolved to raise, to the extent of fifteen millions, wheneveCash, therefore, the Congress has proceeded to raise, or rather, not to speak with frightful inaccuracy, has resolved to raise, to the extent of fifteen millions, whenever anybody with more bullion than brains will lend that trifling sum for eight per cent. One cannot but notice the exceeding modesty of this proposition, and particularly the high rate of interest which the Confederates promise to pay. The Rothschilds will be upon their knees for that loan, and, with tears in their eyes, the Barings will beg for it. But what we exceedingly wonder at, is the moderation of Congress. Why limit the raise to $15,000,000? Why not resolve to borrow $150,000,000? It wil