Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-08-26


the expense Ci She trial. 1t IS necessary, however
rourdv TO abuse Ire Cours Of Ksntucky, in ord,r TO
create the proper amount OF Abolition PrtJuoiee il fs"
Ior'.
Tho testimony given by Mr.. Clay and Mr. I'M
dervood will b, confirmed by every man who
knows anything Of Southern courts and Southern
sentiment Not only would the rights Of negro
claiming his freedom be fairly considered and
maintained, bat the party endeavoring to hold
him illegally in slavery would be held responsible.
THE JAMES RIVER d KANAWiA BONDS.
An article appears in the editorial columns OF yeser
davis Enquirer having fer its caption the correcte
statement recently made in this paper concerning sale
of the bonds of the James River and Kanawha Comra
nv Upon the fact that they have not yet been sold Tor
1913 cents in the dollar the writer (who is not the ed'
tor for he is ABSENT hinges semi official account Of
the late negotiation ofthe new State loan.
We are glad that the temporary editor of the Enqui
rer " hoover he may be- is "petty we'll posted" on the
subject of the Virginia Coupon bonds for it is the first
tine the public has been iavoured with any definite in
formation about matter that has excited much curosi'
~ and conjecture. The fact is at last stated with APP
parent authority that the whole loan of 100000 has
been negotiated at an aUer"ge premium OF one and a
halfper cent But there is sill mystery preserved
in the use of this term "aoerage Why could not the
Enquirer state on what terms each port on OF the loan
was sold That one million at least, was negotiated
in the outset at par certainly the general and we be-
eye the correct impression And it will be recollect-
ed that it was not till after this fact brued in the
naDers and some surprise expressed at the Board of
Public Works. selling the Coupon bonds at the market
price OF the old bonds that sale on better terms was
effected We know il was considered very strange
that the large loan not advertised in the manner
adopted by the Federal Government. The reflections
of ours to which the Enquirer refers, were prompted
simply by desire to the new stock take rank, it
deserved do with the best stocks Of the county,
We could not discern the necessity of selling the first
million at par in order to make the whole go off well.
But we are happy that the reasons which governed the
Board of Public Works will be laid before the next Lee
gisature Ii they prove to be satisfactory, it will add
grace to the final extinction of the Board ITSELF which
next to the Executive Council, is the most unpopular
| part of the present State Government
| As to the James River and Kanawha bonds, the en-
roneous statement in the Times, upon which the En-
quirer after copying it, laysi SO much stress, was
caused by our simply misunderstanding the statement
OF a gentleman cognizant OF the facts, who apprised
MS the mistake as soon he perceived it in the pa
ner. The Enquirer manitess strange unwillingness
that the James River bonds should sell for 103 as If it
were more desirable to demonstrate the financial sa-
oacity of the Board of Public Works, than that the
| Comoanv should effect good sale. 1t is probable
! however notwithstanding the Enquirer'S careat, that
| these bonds will command the price mentioned, for
bonds of the Company guaranteed by the State, with
out coupons hava recently been sold in this city for
| 1923.
| The Enquir er, driiy urges that the brokers have
made only three and half per cent-the difference
between 1Olk and 105out of the State on the loan of
| four MILLIONS A loss Of $4,000 is, we suppose, a
very small matter in the eyes ofthe Enquirer but we
conss. looks little serious u.s. would make
ten miles of railroad. The gain of the brokers' is in
fact rather more or the stock is quoted at lo5*a
l06.
The Enquirer insinuates that the Wing press Of Rich.
mond is less Southern than the Wing press Of the
country 1t instances specially, to prove the justice OF
the charge the fact that the Wing and Times made
structures upon Mr. Seddon's letter whilst the Freder-
cksburg Neics praises that gentleman "a good South
ern man ;" 1t is rather bad Joke for the Enquirer,
which could not be induced to say one word Tor ne
ore al pTaeple of slave rapresen atoH in Virginia, to
preach to us about Souhernsm Mr. Seddon. it seems,
our neighbour expects to keep for its own locturi1g-
TIE other day. it h2ly confessed that his course did
not meet its concurrence and was disapproyed by
two thirds of his consiuens,--and only claimed
for him his aotsues good which we readily
acknowledge. Is nobody but the Enquirer to be al
Iowed to differ from Mr. Seldom AS to the relative
Southernism of the Richmond papers, have only to
say Tor ourselves that do not "look one way and
row another" We do not praise the Compromise in
one issue, and the Secessioniss in the Yet we do
claim to be as devoted to the South as the most pre-
tentous OF the self-syled "South IN Rights" gentle
men, who are so fond of advertising their faith and
thanking Heaven that they are not some other men
who, by the way may happen at last to have rather
deepersake in slavery than they