Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-09-10
American stock. su England.

The correspondent oi the York Courier writes
follows under date Of
LOspos. August ie, 1886
American stocks remain without change and apparently
likely TO continue Tho last sdvees brins intel
hgeucs vi the passage Of the Tariff Bill else brought
ntimson tina, II than possible that Penns,
mia would not DO able to continue the regular payments
her dvdens II 10 unfortunate, that this struggling STATE
whose honor such important question rests as the
eredi' OF all the States" should be tho sport Of every
change. should prove that the payment hereto
fore was such "touch and gu" affair that stopped by
tho first nntowsrd event. then the effects upon American
credit will DO disastrous.
The breaking OF tho deposits OF American stocks Civ
en- as collateral security for the loans negotiated in Europe
for the United States Bank still continues For overy sin
eeives free OF any commission S406l Pennsylvan, which
includes the computed dividend certificates; Sll3 Mch
gan State Stock, with the overdue coupon, July al
and 1870 Mississippi Repudiated Sterling Stock with tho
overdue dividend since November 1s40 The total valae
at present prices, would much exceed f920-.nd ar
osrs Of Interest, since 1912. true, that aimee tho re.
sumption OF money has been received
on account Of interest tho Bank dobentues but forms
. small item the due. The loan 10 called after
the highly respectable bankers Mess. Dennison & Co;
although in reality they had nothing do with H. except
allowing the securities to be locked in their vaults.
Tho loan contracted by Mr. Jordan aud OF tho
egaces bequesihcd by the United States Bank tho
English capitalists in return for their confidence in Amer
csns
Another of the U. s. Bank Loans Is called Ro,h.chd;-
and thousand pound bond. SERIES Is entitled to
$l733 Pennsylvania; tho par dividend ccreete; 81
Mississippi Rcpudaied stock, and div. from Nov. 1870;
$685. Indiana Stock, and dvd. iron, January, ls4l;
S4l6 Illinois Stock, and diyd. from July l64l Sl657
Michigan Stock and dv'd. from July le4l.
In Holland, two similar Loans-and IL both, be.
ing under the OF Hope Co;-that is say they
hold the stocks deposited collateral security; amounting
$40 900 Pcnnsylvans and dividend certificates
euded: 100000 Maryland; 100000 Louisiana, Sec
ond Municipality Griaanter; $4,000 Mississippi repudi.
aed S260000 Illinois; 5000 900 Michigan; $500 600 In
diana; 100000 Farmers Losn-S2 $50, 900. $3.50 600
Pennsyvania S2OO 900 Maryland; S55S 900 Mississippi;
S15o.OO0 Illinois; $3.50 900 Mehigan-Ss. $50. 900.
The two loans make exact amount Of 900 600;
and understood they will shortly break up the trust
divide the securities among the deben holders pro rsts
hlessrs Denisons and Messs Roischds are now do
ing. IL is impossible 10 ascertain how much Of the de-
bentues have been cancelled but IL 10 reported that Of
Messrs. Densons' about onehs and Of Messrs Roths-
childs about third, have been cancelled.
The Governor Of Mississippi and the Nissppans
dated their debts the ground ha they received only the
OF about f9S and also because the Unun Bank en-
gagged pay the value Of the bond in sterling money
Now either OF the pleas available let them try the
questions in the law Of England France and Hol
land by placing distringas the repudatcd Mississippi
stock the hands OF Denison, Of Rohschd and Of Hope
They would then have opportunity of trying the justice
and the equity OF the question under the laws of the
governments and will affirm tho judges OF
each nation would point that Mississippi was
least liable pay redeem the PRINCIPAL or
the amount which they actually received and certain
that her unlucky and helpless bonGhode would DO only
to happy TO have much Of their claims and
willingly forego the rest.