[1068] Ibid.
[1069] Schwab, pp. 39-44. Schwab believes that Erlanger & Company "are certainly open to the grave suspicion of having themselves been large holders of the bonds in question, especially in view of the presumably large amount of lapsed subscriptions, and of having quietly unloaded them on the unsuspecting Confederate agents when the market showed signs of collapsing" (p. 35). Schwab did not have access to Spence's report which gives further ground for this suspicion.
[1070] A newspaper item that Northern ships had run by Vicksburg sent it down; Lee's advance into Pennsylvania caused a recovery; his retreat from Gettysburg brought it so low as thirty per cent. discount.
[1071] After the war was over Bigelow secured possession of and published an alleged list of important subscribers to the loan in which appeared the name of Gladstone. He repeated this accusation--a serious one if true, since Gladstone was a Cabinet member--in his Retrospections (I, p. 620), and the story has found place in many writings (e.g., G.P. Putnam, Memoirs, p. 213). Gladstone's emphatic denial, calling the story a "mischievous forgery," appears in Morley, Gladstone, II, p. 83.
[1072] Hansard, 3rd Ser., CLXX, pp. 776-838.
[1073] See ante, p. 155.
[1074] The Index, May 28, 1863, pp. 72-3.
[1075] The Times, June 1, 1863.
[1076] The Index, June 4, 1863.
[1077] Chesney, Military View of Recent Campaigns in Maryland and Virginia, London, 1863.