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Jefferson Davis, The Rise and Fall of the Confederate Government, Chapter 13: (search)
f the war was twenty-two hundred thousand pounds. The earliest proposals on which this debt was contracted were issued in London and Paris in March, 1863. The bonds bore interest at seven per cent per annum, in sterling, payable half-yearly. They ws from the first drawing. The bonds were issued at ninety per cent, payable in installments. The loan soon stood in the London market at five per cent premium. The amount asked for was three million pounds. The amount of applications in London andLondon and Paris exceeded fifteen million pounds. Great efforts had previously been made by agents of the United States government to reflect upon the credit of the Confederate States, by resuscitating an almost forgotten accusation of repudiation against tcts of a citizen of Mississippi, who, with quasi-credentials from the United States Secretary of State, Buchanan, went to London to propose to the bondholders an arrangement by which the claim, or the greater portion of it, might be paid by private s