The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-05-23

two apprasersone designated by the government ana
the other BY the holder the bond In case the .@S ap
arbiter shall DO chosen py tnoh
and his decision shall be defnitve . .
At the time II understood that the bondneld
who prefer not to convert their bonds INTO COTTON
wall have the right 10 hold them and draw the interest," At
tho rate OF per cent per aDnum payable semi an
nuay, up TO the redemption Of the principal at par ~,
The bonds which are not converted into cotton VIII DO
redeemed by forty semi annual drawings. Tho hrst
drawing will take place the LIST OF March, 1864 the Be-
cond the ls of September following and these dates
thereafter TO the extinction OF the loan IN twenty
years from the date OF tho first drawing.
The bonds have been issued ct ninety per cent
as follows
/ 10 per cent on subscribing.
10 per cent the LIST OF May
| 10 per cent the LIST of June.
| 10 per cent the LIST Of July.
10 per cent the lst OF August,
Is per cent the LIST Of September less the interest at 81
per cent.
Is per cent the LIST Of October.
90 per cent.
The bondholders have the right to berate entirely at
either OF the above mentioned dates with discount OF
per per In default OF payment at the
stated epochs the previous payments are liable 70 or
feture.
Provisional certificates bearer have been delivered.
The certificates will be exchanged. after the first
against obligations of $500 francs 5000
falling due the LIST Of March and LIST Of September
have been made for the execution Of the
Messrs Granger Co. and their agents arc authorized
retain the necessary funds for the first two
al payments. 1888
federate loan. As purely financial operation repre-
sents revenue Of nearly eight per cent considering no
chances Of amortization. As cotton operation the pro
babe profit may vary between 100 per cent The
cotton which the Confederate government Possesses ana
which it promises to deliver to the bondnoders :. MY
holders wish It, but at the latest Six months AFTER inc res
toration Of peace 1.-THE governments demanding only sixty
days previous notice Europc), worth now at Havre
and Ii, nearly 2Z0that Is to say four times tho
price at which It is delivered to the bondholders
taking the cotton Immediately and forcing tho block
ade-admitting expense OF insurance and ransporta
ton lOO per cent 81 continues tho pounds profit Of
100 Ger cent still remains.
Sondnolders can keOiss obtain delivery Of the cotton put
II under French English protection, and Qdy aiudd the
end Of the yuS0e The margin Is 30 great that this can
be done in all security whatever may be the issue OF the
But it is difficult to doubt Of the final success Of
themselves into separate State, recognized by the
governments Of Europe. In such event. the advan.
The cotton pr missed to the bondhodsrs will be do.
vered first the Confederate government possessing all
the Of transportation 1t will not be subject 70 any
tax except the small tax OF one eighth while pro
babe that the expectation OF cotons not possessing this
privilege will be heavily taxed by the government, to all
up the deficit which the war will leave.
Those who have confidence in the future Of the Con.
federate government will quietly guard their bonds VIII
receive their interest," and win have the privilege OF
account Of the duration OF the war because
little cotton planted while the stock 10 daily dmn-
ishing.
1t has been objected that cotton be purchased In
the Confederate States at cheaper rate The immense
times will have an incontestable influence upon the
price OF cotton in America, and will cause fall
in exchange It is more than probable them that orders
for purchase already sent will not be executed at a
cheaper than the cotton reserved for the
and will fail to the advantage in procuring COT
bringing interest and not being subject to any
expenses risks instead or that which will be taxed
with expenses Of transportation from the interior 70
port, storage, assurance and export duty.
Any with any loose change about him who, after
reading and carefully considering the above document
should fail to go TO Erlauger Co. and immediately sub
hutc iuht raoa I'd mia
urgent appeal should be issued after the loan has
been subscribed for GIVE times over, is not clear
which suggested TO by southern gentleman, that
Messrs. Eranger Co. now In negotiation with the
Confederate government for new loan Of 100, 600
OF francs yipe la bagateile.
PARIS, May 8, 1858.
The Russan Replies-7Ae Aoniteur the Crss-7he Cha
riuari-Ar charlottesville Rejected Pic1res-Ade
iaide Philips-Mrs. Key Bslnt-Neo Senators. &c.
Although the MoniteT expressed itself as highly de-
lighted with the Russian replies to the diplomatic repre-
sensations Of France England and Austria they gene
rally regarded IS leaving the matter just where
before the made That Poland has
nothing to hope them il self evident, and 1t Is now
said that the three Powers again In correspondence
relative 10 united and positive demand upon Rus
STA In fact the Censtonne Of this morning states that
the first phase in the diplomatic intervention having
strong probability, however that in all this diplomatic
action Russia will gain all she wants-time, while the
Poles exhausting themselves In their single handed
efforts against the might Of Russia.
The Moniteur unreliable the other journals Of
Paris despite rs official character In its bulletins Of
yesterday II gives doleful summary Of the late
from tbs United States, and closes them with this
sapient conclusion go These circumstances ex-
plain sufficiently the evident symptoms OF fatigue
which manifest themselves in the North particularly in
~
the federal government multiply excitements 70
war" Now this assertion In rather broad for the
official Journal OF one 70 make another
sentiment The French have a. yet very little idea Of
determined character OF people, and while, as
rule thor ympathes have always been with u.s. as rule
also they believed, and still do, that the present
civil must term nate in separation OF the country
The mpatienceo the nation with regard TO the slow
progress affairs In Mexico Is well hit or In recent
number Of the Choripori, which contains picture OF
path by the side OF when guidebolrd indicates tn,
direction OF Mexico. The Zouave thus addresses thu
frightened Mexican'-"Nom dune pipe Hurry up;
something else 70 do than 70 pass time In at
tending 10 yen. prefer beng employed else
where" The nation Is becoming every day
| TO be out Of the Mexican exr edition.
The gallery Of 'reeced pictures" the exhibition Of
s that the srs Who Is consider
themselves to have been hardly used by the jury will
very generally avail themselves OF this favorable oppor
tunty Of making direct appeal 70 the public The dog
show Is said to have been VISITED by thirty thousand
persons daily Eight hundred and nty dogs we're exit
bition among them splendid Hulldogs and terriers
pack Of hounds belonging to the Duke Of Beaufort
| Miss Adelaide Phillips lett Paris yesterday 10 fulfil m
engagement OF six weeks Lille, after which she intends
returning America Night before last she ltts
private soiree at rooms, when she sung number Of
| operate gems In excellent style.
Mrs Ellen Key Blunt playing from Macbeth
| In English at the little Theatre DcJaset.
SCHNEIDER the sprghtiy and popular actress OF the Pa
ais Roy al had case before the Tribunal Of Police yes
terday She demanded the sum OF ten thousand iranc
damages for libel alleged TO be contained In criticism
upon her performance In "Ia Mariee du Mard Gras an
published in Fsoaro The Jury awarded damages o
| twenty i've francs.
Mario has just passed through here from spain on ri
| way 70 London.
PARIS, May 8, 1s63
An Imperial Cr,sis-TA Government Unecsy-Eleao
Agtdtions-why Napoleon Locks 10 war--TAe Prin,