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Updated: June 8, 2025
The weather was uniformly fine on the nights when I went to the theatre. I was particularly fortunate in having neighbors at most of the plays who were not afflicted with coughs or a desire to explain the plot to their wives. I have shaken hands with A. L. Erlanger and been nodded to on the street by Lee Shubert.
The big syndicate which has its home in this city and is endeavoring to control the theatrical business of more than half the country is composed of Jews. One of them is an undersized Silenus named Erlanger, who used to be a pensioner upon the personal and mental abilities of the ill-fated Louise Balfe and repaid her for her bread and favors by brutally assaulting her in Arkansas.
These "Erlanger bonds" sold slowly through 1863 and even in 1864, and netted a considerable amount to the foreign agents of the Confederacy. The comparative failure of the Erlanger loan marks the downfall of King Cotton. He was an exploded superstition.
On a Receiving Night, when the perfumed Aliens in their Masquerade Suits rally around the Punch Bowl, your Place will resemble the Last Act of something by Klaw & Erlanger. You will play Stud with the Makers of History and be seen leaving the Executive Mansion." This Line of Talk landed him. He Fell for it.
So cordial became the relations between the two that it involved their families and led at last to the marriage of Erlanger's son with Slidell's daughter. Whether owing to Slidell's eloquence, or from secret knowledge of the Emperor's designs, or from his own audacity, Erlanger toward the close of 1862 made a proposal that is one of the most daring schemes of financial plunging yet recorded.
To raise funds for the Confederacy the great Erlanger banking-house of Paris negotiated a loan based on cotton which was to be delivered after the breaking of the blockade. Napoleon dreamed of a shattered American union, two enfeebled republics, and a broad way for his own scheme in Mexico.
Erlanger to let us use the New York Theatre if we promise not to damage the fixtures. He lets every other benefit have it and he certainly wouldn't object to a few poor chorus girls pulling off a shindy, seeing as how they did so much for his success. "Suppose none of us had gone on in the chorus of 'Ben-Hur'? Just think what would have happened.
Erlanger are just the nicest men to give the Friars the New York Theatre for the big doings. "You want to go. All our set will be there with their hair in a braid. "Oh, yes; Wilbur and I are getting along just splendid. We have been engaged now for nearly two weeks and have only broken it off three times.
In this condition, not only did I imagine that Princess Metternich and Mme. Kalergis were arranging a complete court for me, to which I invited the Emperor Napoleon, but I actually requested that Emil Erlanger should place a villa near Paris at my disposal, and that I should be removed to it, as it was impossible for me to recover in the dark hole where I was.
The Confederate Government after some hesitation accepted his plan and issued fifteen millions of "Erlanger bonds," bearing seven percent, and put them on sale at Paris, London. Amsterdam, and Frankfort.
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