S P CHASE J M Forbes Esq
|Forbes had written on June 11 in response to accusations by Chase that the British banking house of Baring Brothers had "manifested throughout our recent troubles, a strong sympathy with the rebellion against the United States." Forbes denied the allegation, and offered reassurances about the patriotism of Joshua Bates ( 1788- 1864) and Russell Sturgis, major and minor American partners in the firm. Later in the month, Forbes chided Chase for "giving credence" to such "ridiculous" reports and repeated his support for the Baring Brothers. "They have always in the darkest days of 1837 & 1857 stood up manfully for the credit of this country at a time when English public opinion was all the other way," wrote Forbes. Chase to Samuel G. Ward, June 2, 1862 ( Houghton Lib., Harvard Univ.); Forbes to Chase, June 11, 19, 1862 ( Chase Papers, L.C.); DAB, 52-53; Ralph W. Hidy, The House of Baring in American Trade and Finance ( Cambridge, Mass., 1949), 43.|
|Apparently Thomas Baring ( 1799-1873), who long oversaw financial operations, and his nephew, Thomas Charles Baring ( 1831-91). DNB, 1:1113; Hidy, House of Baring, 43-44.|
|London's "Great Exhibition," or world's fair, which had opened in the spring. New York Times, May 15, 1862.|
|George Peabody ( 1795- 1869), an American banker who lived in London, was one of the Baring Brothers' competitors. Shortly before the Civil War, Peabody had addressed a letter to the Boston Courier urging compromise to avoid conflict. DAB, 14:336-38; Franklin Parker, George Peabody: A Biography ( Nashville, 1936; reprint, 1971), 114.|
|Written on May 23 and published later in the Boston Daily Advertiser as well as other newspapers, Forbes's letter explained and defended the activities of the Boston Educational Commission for Freedmen at Port Royal. Forbes to Edward Atkinson, May 23, 1862, in Sarah Forbes Hughes, ed., Letters and Recollections of John Murray Forbes, 2 vols. ( Boston, 1900), 309-13.|
Autograph letter. Chase Papers, Historical Society of Pennsylvania (micro 21:0183).
Head Qrs. 4th. Corps, near Seven Pines. June 17, 1862.
On the supposition that my views coincide with yours I venture to write you a most confidential letter.
You may be aware that our army is now, and has been, since the 23d. Ult (May) cut in two parts by the Chickahomany river. Owing to its wide marshy borders & its lack of bridges that stream was about a great impediment to the junction of the two parts as the Potomac would be below Georgetown without boat or bridge. The railroad bridge during the floods of June 1st &c. I think, was the only practicable crossing even for Infantry, and that was at some distance from either part of the army and was approached by roads rendered almost impracticable by