London, April 18,1863.
SIR, — We beg leave to inform you that we have obtained a
loan of £500,000, for the period of six months, from Messrs. Baring Brothers
& Co., on the deposit of $4,000,000 of the 5-20 bonds handed us, and with
the understanding that, in case of the issuing of letters of marque to cruise
against British vessels, they shall have a right to claim a prompt
reimbursement of their advance, by sale or otherwise, as you may elect. The
existing agitation of the public mind, both in and out of Parliament, rendered
this condition a sine quรข
non, and we may safely express our doubt if any other house would have
undertaken to make the loan; certainly none on terms so liberal. . . .
We wait impatiently the promised official statement of
funded and floating debt, amount of currency notes, etc., and also of revenue
from imports and from internal sources; they are much needed to remove the
almost incredible misapprehensions which have been produced by false or
undefined newspaper articles. . . .
Your obedient
servants,
W. H. Aspinwall,
J. M. Forbes.
SOURCE: Sarah Forbes Hughes, Letters and
Recollections of John Murray Forbes, Volume 2, p. 41-2
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