previous next

‘ [114] finally agreed with them to take fifteen millions instead of twenty-five millions which they offered.’ The 7 per cent. bonds of the government were taken at 77. The Secretary said the government took the money really because Mr. Slidell advised the step to assist the negotiations for recognition of France. At that very time, when the government wanted no money, the Ordnance Department was drawing the copper to make percussion caps from old distillery outfits in North Carolina and the commanding generals stood aghast at the long line of shoeless, ragged men in their ranks.

The Erlanger loan was placed in London with immediate and astonishing success. March 3, 1863, Mr. Erlanger had returned and the first offering of $5,000,00 appeared on Lombard street. Before the day closed $10,000,000 had been subscribed and the premium was 5 per cent. When the aggregate of bids for the entire loan of $15,000,000 was summed up $75,000,000 had been subscribed.

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 United States License.

An XML version of this text is available for download, with the additional restriction that you offer Perseus any modifications you make. Perseus provides credit for all accepted changes, storing new additions in a versioning system.

hide Places (automatically extracted)

View a map of the most frequently mentioned places in this document.

Sort places alphabetically, as they appear on the page, by frequency
Click on a place to search for it in this document.
North Carolina (North Carolina, United States) (1)
France (France) (1)

Download Pleiades ancient places geospacial dataset for this text.

hide People (automatically extracted)
Sort people alphabetically, as they appear on the page, by frequency
Click on a person to search for him/her in this document.
Erlanger (2)
John Slidell (1)
hide Dates (automatically extracted)
Sort dates alphabetically, as they appear on the page, by frequency
Click on a date to search for it in this document.
March 3rd, 1863 AD (1)
hide Display Preferences
Greek Display:
Arabic Display:
View by Default:
Browse Bar: