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[643] visible success, I accepted the presidency of an institution called the ——Company and Agency, having its headquarters in New York, and a branch at Boston, and agents in the South; and if large or smaller capitalists in Europe shall desire to invest either in cotton lands or in loans thoroughly secured, or in a company for the purchase of lands in large lots, or to be cut up into small freeholds and resold to the freedmen, poor whites, emigrants, &c., our company could act for them, I think, with efficiency and success.

I would recommend that you should consult commercial bodies and mercantile men and manufacturers and men of affairs here before leaving home, with a view to verifying these suggestions, and also of procuring such expressions of opinion as they may choose to give, for use and comparison abroad.

I hope that every exertion will be made now and without delay to introduce reasonable amounts of capital, and also numbers of capable, ambitious, and right-minded men into the South. These, more than all things else, will tend to restore society and business, and to confirm peace for us all, and practical freedom and happiness to the colored race.

Your long experience and official connection with the freedmen and the industry of the South during the continuance of the late war fits you to impart such information, and render such service, as will conduce to a speedy accomplishment of these results.

On the 28th of December, the Governor wrote to Major-General W. T. Sherman, who had led an army of the United States from the interior of America to the shores of the Atlantic,—

It gives me great pleasure to acknowledge the receipt of your letter of the 23d inst., and to learn the good opinion which you entertain of Massachusetts and of Massachusetts troops. She has certainly sent no more gallant regiments into the field than her Second and Thirty-third, which have had the good fortune to serve under your command.

My former letter was addressed to you, not with the intention of finding fault with any opinion which you might entertain concerning us, but to correct any impression that you might have got from erroneous statements that have appeared in various quarters, and under circumstances likely to mislead those not officially enabled to know the exact truth. I beg leave especially to ask your attention to my last annual address and its appendix, by which you will perceive this fact;

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