The south-western. [volume] (Shreveport, La.) 1852-1870, 1859-03-23


Jacob Barker, tie model inancier Of the
Crescent City, has brought case before the
United States court of claims, TO which he at
taches the following history: On the Gath Of
March, 1914, congress authorised president
Madison to borrow twenty-five million of dol
lars, and the secretary Of the treasury adyer-
, tised for proposals 10 take ten million Of the
loan. On the Cd May, Mr. Jacob Barker, ac-
cording to his own showing for self and friends,
took $4,000, 600 of the amount advertised for
on the following close shaving terms, EIGHTY
1 eight dollars ia money for each one hundred
4 dollars in stock; and the United States engage,
I if any part of the sum Of S25, 600, 900. author
ised to be borrowed by the act Of cath March,
1914 is borrowed upon terms more favorable
/ to the lenders, the benefit Of the same terms
shall be extended to the persons who may then
hold the stock, or any part of it, issued for the
present loan of $4,000, O0o." Our old neigh
Dor says that he duly furnished the money and
received the government bonds. On the 3lst
/ aot IL tA~ otlt1l1 St14J tA4I ~
quired more money and the best terms on which
the amount could be obtained, was Of The Balt-
more banks at eighty per cent. on the dollar,
and that payable in the deprecated notes Of
the banks themselyes-about the most uncon-
scionabIe shave on record. The general gov
eminent promptly allowed Barker and his as
sociates the eight per cent. difference between
the bids of May and August, but refused to al
low them the sixteen and = half per cent. diff
ference between specie and the value Of the
Baltimore bank notes Barker & Co. received,
so afirms the venerable Jacob, the eight per
cent. under protest. and an effort to obtain the
additional 164 per cent. has been perseveringly
continued, regardless Of all rebuff, through a
period Of nearly forty five years. In 1885, a
bill was introduced into congress for the relief
of Barker, but did not meet with much favor.
The matter was then referred to the court Of
by Jacob, whose ability as lawyer is only sur
passed by his fancy operations in shaving notes
aud creating savings banks. A few weeks
ago the court of claims rendered decision ad-
verse to Barker; but, not in the least daunted
he has demanded rehearing, on multitude
Of points or views set forth in the opinions of
their honors, as he says, ''in the hope Of obtain
ing a modification thereof, lest they should
have an unfavorable influence on congress. =
The court will have enough Of Mr.. Barker and
his arguments long before he reaches the end
The Washington correspondent of the Bal
timore Sun states that the withdrawal by Mr.
Slidell OF the thirty million bill, involves a hu-
initiating acknowledgment Of utter defeat
There are considerations effecting this result,
however, which do not appear upon the sur
face Of the proceedings. The democratic sena-
tors had a caucus, at which they agreed to take
up the Cuba bill and hold continuous ses-
sion upon it until vote could be had The
contest Of physical endurance began, and was
maintained with some spirit on both sides un-
til far into evening. The opposition having
number of speeches to make yet, determined
uOL W NC lO4GSO " 0EliAEl tlltlIl ~ uillHl3nl,
and gave Mr.. Sidell notice Of the fact. Still
the latter perserered, until i. leaked out that
Mr.. Douglas designed singing speech in sup
port Of Mr.. Mason's substitute, merely giving
notice to Spain Of our desire to purchase Gu
ba, and determination that no body else shall
buy. 1t also became apparent that the entire
opposition to the thirty million bill would con-
centrate upon and carry Mason's proposition
which would have been an absolute defeat Of
the original bill. Toavod such catastrophe,
Mr. Slidell moved the adjournment, which the
caucus had agreed should not be had until
vote was obtained upon The pending measure,
and the next morning announced his purpose
not to press the matter any further
Senator Toombs, Of Georgia in his recent
speech on the revenue question, said:-''Your
appropriations for navy yards have gone to the
building of houses for officers and making Of
flower pots and all kinds Of things, at cost Of
50, 600, 600, and it will be no less as long as
you will pay it, bu: it will go upto $4, 900 600,
if you do not stop it There are So, 600 900
that you have no need for at all You have
5000 sailors to man your navy. You have
not increased them Of late years, and you have
now 5000 men in your navy yards to help
them-ciyiians You haze carried their mum
berup from 5000 to 8O0O You have eightna-
Wy yards England has over $50 ships, and
she has two navy yards. You have eight con
veniently located all about the country, and it
is the cause Of reproach to good democrats,
for the enemy say we keep people there to.
cheat them in elections, and as God is my
judge, am afraid there is something in it,"
-~--~------~------->~-~--
A correspondent Of the San Francisco Ma,
tional has communicated to that paper start
ling theory. He states that gold has been
found in California in process of formation. In
support Of the theory that gold is continually
forming in that region, he states that recently
a common ak was dug up, that had probably