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I refused to abide by his decision, and called a conference of those friends of mine who were more closely interested in me, among whom were Count Hatzfeld and Emil Erlanger. I took counsel with them as to the means at my disposal for forbidding Tannhauser to be performed at the Opera House.

This was the time when Erlanger, standing high in the favor of the Emperor, made his gambler's proposal to the Confederate authorities about cotton. Another of the Emperor's friends now enters the play.

He had taken an American lady on a business errand to the bank of Baron Rothschild, and, after their business was over, presented her to the great banker. It happened that the Confederate loan had been floated in Europe by Baron Erlanger, also a Frankfort financial magnate, and by birth a Hebrew.

"Well, you control the stock, I should say. Now, she's the very woman, Gwin, and Erlanger, and old Slidell, and a whole lot told me about. I want you to take me up there," he says. "I will see Madame de Santos to-morrow," remarks Raoul, diplomatically. "Tell her I'm a friend of her Southern friends. They're scattered now. Most of them busted," says Wood calmly. "I must see her.

To such a laudable expression of commercial enterprise, one of his fellows in the imperial ring, equipped with proper authority under Bonaparte, hastened to give official approbation, and Erlanger came forward by way of financial backer. There were conferences of Confederate agents; contracts were signed; plans were agreed upon; and the work was begun.

England and Russia had both declined to participate in Napoleon's scheme, and their refusal marks the beginning of the end of the reign of King Cotton. At Paris, Slidell was even more hopeful than Mason. He had won over Emile Erlanger, that great banker who was deep in the confidence of Napoleon.

If the Confederate Government would issue to him bonds secured by cotton, Erlanger would underwrite the bonds, put the proceeds of their sale to the credit of the Confederate agents, and wait for the cotton until it could run the blockade or until peace should be declared.

The Threatened Theatrical Trust Somebody has forwarded from America a newspaper article called "The Theatrical Syndicate's Reply to Its Critics," to which is given the signature of Mr Marc Klaw, partner of Messrs Klaw & Erlanger, well-known American managers.

"Wilbur is so busy getting ready for the Friars' Festival that you can't chase a word out of him about anything else. Mr. Erlanger, Lee Schubert, Lew Dockstader and Fred Thompson have all kicked in for their boxes, and it is expected that a few more will realize the merits of the attraction and kick in this week.

And although my later intercourse with M. Erlanger was accompanied by many circumstances which no man's kindly courtesy could have relieved, yet I ever found in him a truly devoted friend, who earnestly studied both my own personal welfare and the success of my enterprises.