feel sure that we could by having a proper understanding with yourself
greatly help you in the management of your vast negotiations--at the
same time if we could not thus prove our value to you we should not
expect your continued influence & favor--, You have to raise hundreds
of millions-- A fund of at least 1/4th of one per cent should be placed at
yr discretion for the purpose of carrying out such plans as cannot fail
to save the Government (in our estimation) ten times that amount &
perhaps much more besides insuring prompt success.-- We have such
plans (digested) as could not fail to carry you through triumphantly /
we could not be expected to leave our comfortable homes & positions
here without some great inducement & we state frankly that we would
if we succeeded expect a fair commission from the Treasury in some
shape--for our labor & talent-- If you feel disposed to say to us, if our
plans commend themselves fully to your judgement that you will give us
the management of the Loans to be issued by the Government during
the war allowing us a fair commission on them subject of course & entirely to your supervision & advice we are ready to throw ourselves into
the matter heartily & at once --& will go down & have an interview with
you explain our plans & if encouraged by you go to work at once --Very Respy JAY COOKE
|1. || Anthony Joseph Drexel ( 1826-93) directed the Philadelphia banking firm
founded by his father in 1838. Cooke dropped plans for the venture with Drexel, but
opened his own establishment in Washington, D.C., in February 1862. DAB, 5:456-57; Henrietta M. Larson, Jay Cooke, Private Banker ( Cambridge, Mass., 1936), 110, 113.|
|2. ||Possibly Paul D. Reed, a New York broker. New York Dir. (1863), 118.|
|3. || Hery D. Cooke.|
FROM GREEN ADAMS
Autograph letter. Chase Papers, Historical Society, of Pennsylvania (micro 16:0157).
Barbourville Ky July 16th 1861
I reached home two days since haveing traveled slowly with a view to
feel public sentiment.-- In some of the counties, & particularly in
Madison county in this district, I find more disloyal feeling than I had
In passing, I learned that a great many of the leading disunionists of
the State, had left and were leaveing in small squads for Tennessee & Virginia, which created a suspicion among the Union men that their
object was to bring a Southern force into the state before the August
election.-- I however have no such fears
James B. Clay & his company started this road to Cumberland Gap;1
but when they got nearly to London, they learned that the boys at this
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: The Salmon P. Chase Papers.
Contributors: John Niven - Editor, James P. McClure - AssociateEditor, Leigh Johnsen - AssociateEditor, Salmon Chase - Author.
Publisher: Kent State University Press.
Place of publication: Kent, OH.
Publication year: 1993.
Page number: 77.
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