Shreveport semi-weekly news. [volume] (Shreveport, La.) 1865-18??, 1865-09-05
The English Vics-ChanceilOr's De-
CisiOn that the United states
succeeds 10 Property O(the late
Confederate states subject to the
Contracts Of the Latter.

The Liverpool Post. OF the 2sth
ul,.. has the following:
4 case Of considerable interest.
arising out OF tn. late American war,
was incidentally mentioned a. the
Dock Board yesterday. The board
We're only concerned with the quc--
ton to whom they We're to give up
certni.. cotton in their hands; but
the subject had carried the parties
into the Court of Chanccry, and the
board were liberated from all r"-pon-
sibili.y in the matter by a decision
which had been given on n previous
day by Vice Chancellor Pagt. Wood.
The motion before h. Vie. Chan
cellOr was to restrain Mr.. Prl"l-au,
of the firm of Messrs. Fraser, Tr"n-
holm & Co, from parting wi.h or dis
posing of freight of cotton, en-
sis,ing of some 800 bales. which
had been shipped from Havana to
him. AZ Confederate agent, to be
turned into money for the purposes
OF the rebel Government.
Tn. United States rs plaiutiti,-
claimed the property; but the de-
frndart insisted tina, his tide As a
successful runner OF tn. block adj. Was
a good one. and that even il this did
no, hold good, he had 4 prior claim
10 the United State. in con>id-ra-
ton OF the fact that he had lost ego,
900 bv the Confederate Government,
The Vic. thanc-lor's decision APP
pears to hav. been very clear. II"
said tina, there could be no dout; that
tn. United States were entitled to
the cotton but a. 10 the tore" OF tn.
agreement between the Southern
ov..nm.nt and Mr. Priol-au that
was n most serious matter. sine" Il
was a transaction between Gov
eminent dc facfo and . citizen Il "a
country wholly unconu.ctcd with the
rebel and dc JuTc Governments. Il
could not b.. doubted tina, when the
transaction was entered upon the
cotton wa, til" property OF the 49,
called Confederate States. they hav-
ing bought il with MONEY levied ~
taxes.
HI. question then wa, in villa,
character the Southern Government
mus. be- regarded Ike held that il
could not BE- deemed n mere band Of
inaraud-rs. bu; mn-t be presumed 10
have been an c;ual de, facto Govern
m.nt exercising Authority and r"s"iv-
my submission. What. then. H.
ask ed, became of i, when it, power
terminated. and its function, were
resumed by the United States The
Vic. { hanc-ior cou-l d"rrd that here
could be no d tiIcultv as 20 tn. law
/ applicable TO this state 4 ihinc- Tor
( international law had settled that
when a de fucto Government: came I"
an end, it, property b"came that OF
t. Successors. II" considered. how
ever. that object to any Argument
to br hereafter adduc,d. when til"
cause was thoroughly heard, these
SUCCESSORS TO such dr. fucto Govern
tnrnt we're bound by the agreement
al hos, u whom they -uccred-l
This view had been auticip atrd III
The arguments before him, and i. had
b" s.; up in opposit on u it that
Mr. Priolrau, or N"--r- Fraser. l'r-u-
holm & Co.. had taken possession II
,ui- cotton, know Iag that hr received
it from people who wrr" substantial
rebels. and conscious at the same
timr o. tn. ri hts Of ;hc United S;atr-
as lawful governors of Tia" -o-calI-d
Confederate territory. The Vice"
Chancellor considered tina, this prov
I'D too much. il i; We're correct the
United States might nj any tim. dur
ing ,h, war have restrained ,lr d"par-
turv Of any vessel actin. ~ a priva-
trer agaiu-, the United States. when
ever such vessel happened TO be in :,
British port. simply by filing u bin
in chancery.
H.. nut very torcib Div tn. argurn .nt
tina, the Confederate. G ,yrrnin-nt
l 1900. Il,iI.I ,,,....-,,,,,... -.