In the second chapter of this work we mentioned the fact that among the first acts of the first Confederate Congress was the authorizing of a loan of $15,000,000. Also, the fact that, at a subsequent meeting of the Congress at Richmond, President Davis stated in his message that "$50,000,000 had been subscribed in cotton." In neither case was it officially stated who had subscribed for these loans, but there is scarcely a doubt that much the larger part was subscribed by British capitalists. English manufacturers wanted the cotton; English capitalists wanted a profitable investment for their surplus funds; the sympathies of the English nobility and of the upper classes generally were then almost wholly with the Southern Confederacy; they believed, as Europeans generally believed then, that the South would succeed in establishing a separate government; that, whether they succeeded or not, the English government would so far interfere as to secure the getting of any cotton which English manufacturers and English capitalists might purchase of the Confederacy; and, under all these circumstances, it is not at all surprising that a large part of the sixty-five millions named should have been subscribed for by British subjects; nor is it surprising that after they had thus subscribed, and in some cases paid their money in advance by cashing Confederate bonds, they should have used extraordinary means--strange and eventful means--to secure the cotton. Having thus made the frame and stretched on it the canvas, we are now ready to paint the picture, and, when finished, it will, we think, fully justify the caption given to this chapter, "Nobility after the Nuggets"--"Diplomacy Prompting the Actors." In the latter part of September, 1863, Lord John Brew-erton arrived in the city of New York direct from London. So soon as the steamer in which he came arrived at the wharf, he directed his valet to have his baggage taken to the Astor House, while he, taking the first cab he found at the landing, directed the driver to drive him with all possible speed to the office of the Pacific Mail Steamship Company, 88 Wall Street. On reaching the office he inquired for the president of the company, Mr. Allan McLane, found him in, and for the next two hours was closeted with him. That same evening Mr. McLane called upon Lord Brewerton at the Astor House, dined with him, and again spent several hours with him in close and confidential conversation--mostly with regard to the Southern Confederacy.