The Continental Monthly, Vol. IV. October, 1863, No. IV. by Various


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Page 24

Such was the opinion then expressed by the London _Times_ of Jefferson
Davis and of the repudiation advocated by him. It was denounced as
_robbery_, 'the ruin of toil-worn men, of women, of widows, and of
children.' And what is to be thought of the '_faith_' of a so-called
Government, which has chosen this repudiator as their chief, and what of
the value of the Confederate bonds now issued by him? Why, the legal
tender notes of the so-called Confederate Government, fundable in a
stock bearing eight per cent, interest, is now worth in gold at their
own capital of Richmond, less than ten cents on the dollar (2_s._, on
the pound), whilst in two thirds of their territory such notes are
utterly worthless; and it is TREASON for any citizen of the
United States, North or South, or any ALIEN resident there, to
deal in them, or in Confederate bonds, or in the cotton pledged for
their payment. No form of Confederate bonds, or notes, or stock, will
ever be recognized by the Government of the United States, and the
cotton pledged by slaveholding traitors for the payment of the
Confederate bonds is all forfeited for treason, and confiscated to the
Federal Government by act of Congress. As our armies advance, this
cotton is either burned by the retreating rebel troops, or seized by our
forces, and shipped and sold from time to time, for the benefit of the
Federal Government. By reference to the census of 1860, it will be seen
that three fourths of the whole cotton crop was raised in States (now
held by the Federal army and navy) touching the Mississippi and its
tributaries, and all the other ports are either actually held or
blockaded by the Federal forces. The traitor pledge of this cotton is,
then, wholly unavailing; the bonds are utterly worthless; they could not
be sold at any price in the United States, and those who force them on
the London market, in the language of the _Times_, before quoted, will
only accomplish '_the ruin of toil-worn, men, of women, of widows, and
of children_.'

But the advocacy of repudiation by Jefferson Davis has not been confined
to his own State, as I shall proceed to demonstrate in my next letter.

R.J. WALKER.




DIARY OF FRANCES KRASINSKA;

OR, LIFE IN POLAND DURING THE EIGHTEENTH CENTURY,


Tuesday, _March 19th_.

The Prince and Princess Lubomirski left us about half an hour ago; they
had decided upon going yesterday, but my father told them that Monday
was an unfortunate day, and fearing that this argument would not possess
sufficient weight, he ordered the wheels to be taken off their carriage.

They overwhelmed me with kindness during their sojourn in the castle;
the princess, especially, treated me with great affability. Both she and
the prince take a deep interest in my future lot; they endeavored to
persuade my parents to send me to Warsaw to finish my education.

A foreigner, Miss Strumle, who, however, receives universally the title
of madame, has recently opened a young ladies' boarding school in
Warsaw. This school enjoys a high reputation, and all the young ladies
of distinction are sent there to finish their education. It is the same
for a young lady to have been some time at Madame Strumle's as for a
young gentlemen to have been at Luneville. The prince palatine advised
my mother to send me for a year to Madame Strumle. My parents prefer the
Sisters of the Holy Sacrament; they say that nothing can be better than
a convent.

I do not know what will be their final decision, but I feel restless and
agitated. I no longer find pleasure in my reading; my work is tedious to
me, and not so well executed as formerly; the future occupies my mind
much more than the present; in short, I am in a constant state of
excitement, as if awaiting some great event. Since the visit of the
prince and princess I have an entirely different opinion of myself, and
I am by no means so happy as I was before.... In truth, I no longer
understand myself.


Sunday, _March 24th_.

Ah I God be praised, my suspense is over, and we leave day after
to-morrow for Warsaw. My parents have been suddenly called there on
matters of business connected with the recent death of my uncle, Blaise
Krasinski, who has left a large fortune and no children. I do not yet
know whether I am to be placed at a boarding school or not, but I
believe it will be a long time before I return to Maleszow.

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