Mr. Seward to Mr. Adams
Sir: An impression is understood to prevail in Europe, especially among the holders of the insurgent loan for which cotton was pledged as security, that, in the event of the restoration of peace in this country, this government will assume the public debts of the insurgents, or certainly the particular debt referred to. It is believed, however, that no impression could be more erroneous. There is no likelihood that any part of that debt will be assumed or recognized by the [Page 206] United States government. It is advisable, therefore, that, by any proper means at your command, you should authoritatively undeceive the public in England on this point.
I am, sir, your obedient servant,
Charles Francis Adams, Esq.,&c., &c., &c.