Whitelaw Reid: “These Southern Rebels have their fate in their own keeping, and they are nursing their wrath to keep it warm.”

Public sentiment was against the sale of lands to the Yankees; “Get white laborers,” they urged, “and in a year you’ll make enough to be able to hold on to your lands.

Brushing aside, then, these bugbears, gentlemen, what are the obvious duties of the hour?

Above all, if there is a trace of politics in their work, or of seeking for political effect at home, they will fail, and deserve to fail.

Spain failed to maintain her title to the security she had pledged, but the lenders knew the instability of that security when they risked their money on it.