davidaulloa/AmericanStories huggingface dataset:
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
81 rHp RACES.
y..,.rdov wa. The ..vsn,b and last de-

Yesterday was the seventh and last dsy
Of the fall meeting Of the Chickasaw
Jockey Club. II was dark, and an I'M
comfortable rain pervaded that portion
of the hemisphere visible from the track
when the last heat was run. Owing to
the fluctuations CT the weather the at
tendance was hardly g large as Satur-
day, but as it was, few ladies we're pre-
sent to bet kid gloves or theater tickets
on their favorites (horses), and to sympa-
thize with the thin, shiyering crowd be-
| low that seemed to be seeking pleasure
under serious difficulties To say that
the crowd was merry or full of spirit or
enthusiasm would forever blight the rep
utation of any reporter, however veracious
he might be upor all other topics. The
most that can be said is that the people
we're cheerful, at least they made honest Of.
forts to appear so. The officers of the club
have done all that men could do under
such circumstances. They have doubt
less lost money so far, but have the con-
ISOLATION of knowing that their efforts to
elevate the turf to its proper standard
are appreciated, and that they have the
hearty sympathies of ell in the commun-
| ity who take any interest in the subject
Gen. Chalmers, the President, and Col.
Chas. Stone, the Secretary, have been in.
defatigable in their efforts, and we must
say that we have never seen a meeting
better conducted on any course.
There were three races arranged for
yesterday, wos b a4
FIRST RAcE.-This was dash of three
miles for Jockey Club purse of $500:
L. M. McKeogh entered Jackson i Paul's
b C Charley Walker. y o. by Embree's
Lexington; dam by Berthune.
No other entry. Walker gslloped over
the track and took the purse.
SECOND RAoE.-Consolation handicap
for horses that have not won during the
meeting, mile heats, best three in Eve.
Horses beaten once allowed five pounds
those beaten twice allowed ten pounds ;
entrance, S25; entrance money to go to
second horse; for Jockey Club Purse
of $500.
C. Cadmus entered Cap ain Ryer-
son'schg Colonel Robe It's formerly
Big BobtaiD, 3 y o, by Lexington,
r. TALBOT entered J. uoulisk's eh
Victory. 8 y O.. by Uncle Vic, dam
| Magnolia, by GleDcoe......-.............1 / A
r. Underwood entered w 3. Jennings
| bfBonita. o, by Loxingtsn n. dem
Samuel II ay ss entered bl b Pat Gle
burne, aged. by Hiawatha. dam by
=
Time; l4s& -I:4S19-l:5l-l:5lh
THIRD RACE.-Goodwill Sweepstakes,
for all sgep, mile heats, S25 subscription
DID,; to which the Club added $3.50.
Jackson & Paul named g MsrEan Scout,
3yo, by John Morgan, dam Lizzie Nor
J. Conlisk named CHI h Lsrkin, by Ley
ington, dam Magenta. by YorKshire..,-
4; n. Craig named CHI Donovan. 20,
By Bulletin. dam by Ambessedor....-.. 2 8 2
| j. Mccormick named CHI { Minnie, 3yo.
by Uncle Vic. dam Eliza Logan, by
B. g. Ryerson named b lancer, ago,
| by Lexington, dam by Albion .-............ 5
Time: l:5O- l:50-l:53.
And this closed the fall meeting. We
acknowledge many courtesies at the
hands of the officers, and wish them
brighter skies and better fortune when
another meeting takes place.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

TIE membsrs Of the Bar met at two
o'clock yesterday afternoon in the Law
Court r ,om. Messrs. Brown, Scales,
Heiskell, Yerger. Thomas r Smith and
Lee. Of the committee to report on plan
for reorganizing the courts of Shelby
county, made msjority report, recon-.
mending the plan proposed in the bill
introduced and now pending in the
Legislature by Mr.. Scales. $50
Judge Archibald Wright and Judge
Henry G. Smith made minority report,
recommending the poslponement of ell
action until the assembling ofa Constr
tutional Convention.
Colonel McRes urged immediate &C.
ton, as the Legislature is the place and
now the time for judicial reform.
The majority report was adopted by a
vote of SO to IL.
The committee of seven, consisting Of
John Bullock, J. W. Clapp, Thomas II
Logwood, Howell E. jackson, Robert
Hutchinson, Henry E. Craft and Judge
Harry 8. Lee, to take into consideration
the subject of the resignation Of Judge
Harry s. Lee, reported in favor Of &C
cepting the resignation, but requesting
him to hold his position until his success.
sor could be elected or appointed. The
committee also reported resolution Of
thanks to Judge Lee for the able and
efficient manner in which be filled the
Office, etc. The report finally recon.
mended the appoiatment Of ]. A. Ander
son in Judge Lees place.
Colonel McRsa suggested Judge M. l.
Perkins name instead, as he was the
nominee of the Democratic Convention
at the late election, and had been de-
feated through fraud. Pending the dis.
cussion Of this proposition, the meeting
adjourned until this evening at three
o'clock.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
SHORT CoURTsHIP
And The Happy Results in Three
Weeks.

The Courier Journal Of yesterday i.
responsible for the following extraordi
nary story. We give it as we find it, and
regret that it is not in our power to give
the names also:
About three weeks ago, a Canadian
young man accidentally became ac-
quainted with New York young lady in
or near Memphis, Tenn. Both parties
moved in good society, were geuteel
wore store-clothes, and neither of them
had ever "doctored" for consumption.
Their meeting, which may have been ro
mantle, though we have no authority for
saying so, Immediately developed into
case of love at first sight, and, as
there were no troublesome relatives to
interfere, the sffectionste pair resolved to
dispense with the frivolities of courtship
and unite their destinies at once. Within
three days of first sight they we're made
twain Of one Aesh, and the presiding dig.
nitsIy had pronounced the solemn words
"What God has Joined together let no
man put ssunder." This on the Path OF
October. Then came the honeymoon
trip, and the entsrprising couple, in
swinging around their circle, arrived in
Louisville one day, aud put up at one!of
our hotels. Quite impressed with the
geographical position and the awful
grandeur of the neighboring panorama 8
brass band, they made up their minds to
remain here for brief season and look
about.
During this time nothing, apparently,
had occurred to interrupt the even tenor
Of their welded way, and pobody would
have suspected that there was skeleton
in the new establishment; but unseen in.
aueuees were ct work, and by the time
they were ready TO leave Louisville they
were, startling 10 relate, very ready to
leave each other. They had both fallen
victims to what is termed in Indiana a
"settled aversiou sna each had become
thoroughly Disguised with the other.
Hlth recognising their incapscity to
make each other happy, they determined
that they would quietly separate. and so, a
day or two since, they together sought q
magistrate, aud cause9 eyt,sles Of sspara-
tiop 20 agswh up. Esch signed doeu-
meht relieving tSe other of all RESPONSE
bility incurred by the recent malrimopial
event in Memphis, aud vhss 100 ohice
door OF "tLa court s closed on the m that
dsy IL stul behind two hearts that would
hereafter beat as two at ~ times and un.
der all circumstances. Tausclosed iheif
hslcyou welded life. lii!.v wose than
two wesss ,r0,4 ls- eelding day. Both
lea the city on tie lSllowing day, going
in opposite directions, aud within TWEEN
iy-four hours FIVE handrsd ~ilss Of rail-
road laY beixssn .hs dise9aisated pair.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
= - -
Memphis Theater.

The house was well 6llsd hy Q very in,
telligent audience last night to witness
Mr.. Frank Mayo's rendition of Richard
III Mr.. Mayo came fully up to the ex-
peo.etiou Of his friends. and gave gene
raj pleasure. Abe sisfs yes vel mounted
on the stage, S.na the support excellent
Tonight Mr.. Mayo will appear as !--e@Hsnalsb
= chssastss 10 which be szcels. Toe
',-vars Of art should sll 90 TO see hiai.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

Buy THE BEsr.-" The best is the
cheapest" 4his every enc viii scsuowl.
edge who will only give the matter a
thought. To buy worthless goods, merely
because the price is low, shows lack Of
judgment. This is too much fault With
our people, however, and we hope they
will not continue such folly. Go to the
place where the best of goods can be had
at reasonable prices, and there purchase.
]. Devote, corner Third and Adams, has
a cbmplete stock Of fresh groceries, which
comprises everything that can be desired
in that line. he is clever gentleman,
ana treats bis cpsiopsrs aesordlng'y.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
A cnA1Lrrsr TO ALL wnoLrsAIr OYs-

A CHALLESeE TO ALL WHOLESALE OYs-
TER DEALERs IN MEMPHIs.--I am now
prepared to sell the best oysters received
q Memphis for 75c per can, or Wholesale
q. % per dozen cans for q challenge Of
5000. have also good oysters for IS IS,
SC 80 and 81, that no house in Memphis
can put up for these prices; also, clans,
fresh mackerel. lobters, fish of all kinds,
scolIops, celery, fine dressed turkeys and
game of all descriptions. In connection
with my game and fish stand, have .
No. / market, and sell almost at your
own prices. / have no standipg'collar
gentlemen as walters, but | am always
on hand to see that every one gets the
worth of their money-child, lady or
gentleman. Call at 278 Second street.
&C i- J. d. EDWARDS.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

THE MARkEr.-We would call the at
tentiou of the citizens of Memphis 70 the
Adams street msrket, sss Adams street,
near Third street. We do not exaggerate
when we say that the best fresh meats
of all kinds can be found at this place.
Toe prices of everything conpare favor
ably siih ether giaess OF tis kinS. I've
rrOprietors, however, DO not profess to
sell at lower figures than other places DO.
TIER main Obisct is to give satisfaction
10 the quality OF sysVthing thsy sell
Parties desiring to buy 10 quantities eau
be ssppIied at fair prices. -.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

NoAroLK oYsrsRs - These favOrite
oysters reAah the Memphis agent, Victor
d. Fuchs, a Jessrsos street, by express
daily, from John G. sibley 4 Co. soT-
folk, Va. ~
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

HeBREw FAIR AND FESTIVAL. On
Monday, December 6ih, the ladies of
Rev. S. Tuska's congregation will COM
mence their fair and festival, and con-
tinue it for one week, We lesFn that the
object Of this fair Is to enlarge the pres
ent temple on the corner of Main and
Exchange streets. We are told that the
members of that congregation, number
ing about one hundred, are now paying
an enormous amount OF monthly dues in
order to pay of their liabilities incurred
during the war, aud to create a sinking
fund for the purpose of remodeling their
place of worship. The ladies, in getting
up this fair, expect the support and pa
t-onage Of one and all, and no doub! will
realize their expectations, for the public
knows well enough how to appreciate the
charitable disposition of Osr Hebrew eiti-
gems, We will be pleased to receive q
list Of names Of those who are in charge
Of this praiseworthy enterprise.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

ADAMS SrRFET MARKEr-FISE KEN
lucky BEEy.-0ur customers will take
notice that we have on hand some very
Inc Kentucky beef, and some very fat
mutton. We will endeavor to be supplied
at al, times with the best meats that can
be had in the city.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

NoTIcE. bills against the LsDaER
office or myself will hereafter be reeog-
nized in settlements, or in any other way,
unless contracted by me in person or on
nv written order. +. WHIrMoRE.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
RHDIvIvUs.
The Old Quarterly and Probats
Courts Re.0rganized.

; Shortly after one clock yesterday, the
Magistrates, whose seats were contested,
retired, and the Quarterly Court was re-
organized by the old Magistrates. Those
retiring to await further investigation
were Ed. Herman, Pat. Sherry, Michael
Foley, F. B. Millard and P. M. Dicker
son, from the 9th Civil District; Andrew
Stewart, from the 9Th; Fl. M. Griffith, J,
7. Elliott, ]. E. Burke, inc. Norton, a.
4. Green and G. W. F. Cook, of the l4tb;
J. s. Black, of the 18th, and R. B. Miller,
of the 10th Civil District.
Justice Jones, of the Eleventh District
moved that the Court proceed to elect q
Chairman, who shall act as Probate
Judge, with tive associate Judges. The
motion prevailed. Justice Bleckley, o.
the Tenth Civil District, was elected
Probate Judge, and Justice Hume L
Hill, of the Twelfth Civil District, anG
Justice Elijah Pullam, of the Seventh
Civil District, we're elected Associates, tt
hold Office until the January term.
Justice Jones moved that a committee
of three be appointed to take testimony
and report on the contested seats OF
Magistrates at the January term. Car
ried, and Justices Goodlett, of the Six
teenth, Jones, of the Eleventh, and
Gilee, of the Fourth Civil District, were
appointed as such Committee.
Mr.. John League, County Court Clerk,
was authorized to countersigu all and
any warrants issued previous to the 9th
of November.
Justice Walker moved that the Judges
of the Quorum Court be requested to ap
ply to Barbour Lewis for all papers
books and property in his possession be
longing to the county of Shelby. Carried
The Court adjourned to the first Mon.
day in January. lNa 1AB
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
EsTRAY.

rTRAYED-FRoM CORNER OF SOUTH
- and Avenue streets. medium tl,d bay
horse, he'd 10 front. rieht e. cut. saddle ms 3
en- hack, in enc order. Sl5resard will Be raid
for bis return 10 6albreath Stewart, Union
trtet. N-oo-
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

PsrrsBuRo and camel coal and gas
coke-Bigley. Mellersh & Co. Office, 27S
Main street, Bethel block, Yard, corner
Of Madison and Second streets. ct
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

TIE BEsr Is the CHEAPEsT.-J. De-
vote has the bsst of everything in the
family grocery line, ess2sF Third and
Adams streets. VI
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

GET your f. Y. shirts and furnishing
goods direct of the manufacturers, Wig
gans & Thorn, 233 Clay Building. 60-f
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

PIrrsBuRa and Camel coal and gas
coke. Brown Il Jones, Office 282 Main
street. Bethel Block. q FWrrT So T
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

WM FSYs, portrait painter, has re-
turned to The city, and willin future hsye
his studio at HsatEr,s old gallery, 2s2l
Main street ORDERS solicited. 6g
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
coMMnRc1AL MATTERS.

Memphis Cotton Market-NOv. 10.
The tone Of the market is better to-day. I'M
der New York advices. Buyers are making
considerable inquiry for bright middlings. and
holders. as yet. are firm. Transactions are re-
stricted by the state of tho weather. The fol-
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
New York Sleek Mark et-NOv. I6.
By Southern Pacific and Atlantic Telegraph
RIVER INrEnLIoHNcE.

tat Weather.
Meteorological observations. as reported to
us by Mr.. Edward Goldsmith:
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

FREsn lohsters and scollops at ]. D.
Edwards, 27s Second street. Ga
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

FRrsH mackerel at J. D. Edwards
25S Second street. o.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

IFyou want good old Megibben whisky
60 to Megibbeu 1 Bra-. s2l NAin street.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

Hars cleaned, dyed, pressed, trimmed
equal to new. NJ. CoHES, 800 Main ST. 7
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

HIGHEST price paid for loose, damaged
and false packed cottons.
MILES & Co., 300 Center alley,
10 Between Madison and Monroe.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

,,,.sSsEs, leHspsl apples and cocoa
oA- S--ssi. resolved Iviee week,
at Henry Demands, = ca
Court etreets. =
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

FURsl FURsi FURsi-Fifsy sets as
sorted Fursi will pc sold at hall
fheir yalge % close out consignment
nc once, az vENpIG a BROS,
AT NO. 23e Main sc.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

vxTANTED : EVERY 0NE TO KNOW
w that DR.. Russells VEGETABLE IN
JECTION cures 0onerrhes and Glest In from
two 70 ten days. without the use Of medicines
Internally. For sale at kussell's Dispensary,
a. North Court street. Sent securely packed
To any address. On receipt Of price ~ per
botfie. lsn-f
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

OPPEsHEIAER Coz
blt 693 Adams street, near Third.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

Hinee Pies, Cream Cakes,
And other cakes fresh every morning.
at joseph Spechi's, 81 Madison st. 60
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

FRFsH dams ars stressed turkeys at
~. Edwards. & hI
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

THE rustic scenery at the Star Gallery,
24s Main street, is attracting crowds OF
visitors. o.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

OH crow. crow, CROW whisky. st Cad
mus sample and billiard rooms and bowl
iug alleys, Ayers block. IA Second
street l4l3 5Ot
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

eYs-EBs and Celery--nO end 10 them
Edwards, 2r5 Second ST. 64.t
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

New.YOrk.. Cotton Msrket-NOv.1 6.
By Southern Pacific and Atlantic telegraph
The cotton market Is firm. and holders are
Il. ~.ka
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

Fresh lake fish and game at J. d.
Edwards. 64T
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
FINANCIAL AFFAIRS.

New York Money Market-Nov. I6.
By Southern Pacific and Atlantic Telegraph
Governments are steady. Sterling Exchange
steady. at lOs7s for sixty-day bills. Gold carry
ing at 5 per cent. Mt
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

byos ssnt good old Megibben whisky,
20 to Megibbsn 4 bro, 2ei Main street
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

HoTELs and boarding b u.es will 6ud
it to their advantage to be sap.lisd with
fresh meats at the
trf ADnNs SrREET MARKET,
5It 6si Adams Street.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

Jordan 4 Horton, 70 Beal street, keep
the best and cheapest dry wood. Ait
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

IFyou want good old Msgibbsn whisky
20 TO Megibben 4 Bro, 2Sl Main street.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16
Confectioner,

HAS TIE FINEST STOCK OF CANDIES.
10 be found 10 the city, which be, will sell
either wholesale or retail, at reasonable prices.
please examine my sock before making your
purchases. 4lzs
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-16

And this closed the fall meeting. We
acknowledge many courtesies at the
hands of the officers, and wish them
brighter skies and better fortune when
another meeting takes place..
Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-04
FRUITS n FLOWERS.
WHEATON NURSERY
ESTABLISHED IN 1910.
WADDY THOMPSON, PROPRIETOR,
FALL PLANTING.
Alarge and complete stock Of
Ornamental and Fruit Trees,
VINES, ROSES, ETC.
Also, choice collection Of
Green House Plants. Flowers, Etc

Green House Plants, Flowers, Etc.
WE ARE NOW FULLY PREPARED TO
w MI all orders, Law Out and Beautify
Grounds and Furnish Bouquets, at short no
tice.
Large n
We invite especial attention OF Gardeners
and Dealers TO our stock, Offering at low
prices. Call andsee, and select for yourselves.
For Catalogues and other Information, ad-
dress, WADDY THOMPSON, Proprietor,
Memphis, Tenn,
Or r. G. CRAIG Co,
Agricultural and Seed Store,
$40 Main street, Memphis, Tenn.
H% Bouquets furnished at short notice.
ncll DIV
Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-04

SALT-No barrel salt in market. Liv-
erpool fine, 81 9O@S per sack; coarse,
81 65@2 70.
SPTRITs-Demandfsiran market steady,
Common Whisky zoe to 81 90; Proof 81 25
t o l IS.
SoDA-Ameriean, boxes, TIC; do. kegs,
6 to &c. English, boxes sH@ec; do. kegs
7H@sc.
SHoT-Drop, per bag, 81 70; Buck So.
SNUFF-Garrett, box, SIC; packed, So.
SoAP-Palm Soap, &c; No. l do. 7@7hc
Pamela do. IOc; Erasive, 9 to lOc; Extra
Family, S t o Sc; CASTLE lie; imported do.
% to CSC.
STARoH-6K TO &c per ID.
TALLOw-DUll at 9@l0c.
ToBACCo-Priees are firm. We quote Fine
Natural Leaf light pressed 81 to 10; Fine
Fancy Virginia 50 to 81; Fine Bright
pounds so to soc; Medium Bright pounds
! 20 to soc; Common Bright pounds 90 to
zoe; Good Bright quarters 60 to sc.
Smoking-Fine and Fancy 60 90 soc;
Common and Medium IS TO soc. Virginia
to the trade, not including packages, 20 to
SOC.
VINEeAR-Cider vinegar S8tO 10 per Dbl;
Wine S12 to IA.
Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-04

The London Times, in a late city article,
says of United States bonds and finances
il Europe:
According to recent statistics the United
States still continue by the remittance of
bonds to pay for an excess Of importa-
tiout from Europe at the rate of many
millions sterling per annum. The princi-
pal financial writers of New York and
Philadelphia from time TO time urge their
readers TO consider how long this is to go
on.
To merchants and capitalists on this
side the question is equally mOmentous.
4 transference of several millions ster-
ling of bonds from American to European
holders amounts simply to the fact that
for every future year the United States
Government must remit to Europe a pro-
~portiOnate sum in the shape OF interest
which, if the bonds had not been sold,
would have been payable 10 parties at
home. Hence. although the national debt
NAV be stationary as regards its nominal
mount, or may wen be steadily reduced,
its burden as a drain upOn the internal re-
sources of the country must rapidly in
crease. Such increase, however, viii of
course not be felt so long as the sale Of
bonds CONTINUES to be kept up in a more
than prop0rtiOnate degree. But it does
rot follow that a sale of national Obliga-
tons 20 foreigners, and the consequent
cresriog of an annual liability TO remit an
amount Of interest 10 them, must neces-
garilv be Instantaneous. The bonds
sent to Europe ere sold, not given, 10 the
takers. and the point Is, do the Americans
get a commodity in return that may be
equal in annual productive power 70 the
mount OF interest they have agreed to
pay in consideration for it7 II such be
the case there is no injury 10 either party.
Surprising they elected TO receive gold,
and were 10 lock il up, there would then
be a lead annual loss of the interest they
were paying or, surprising that instead
thew were TO receive conslgnmenJs OF
silks. wines or other p%erishabla or con-
sumable articles OF luxury, they would
then be worse on, since they would nave
through all time the dead weight
of annual interest Ia place of hav.
inggOld or its equivalent in store,
by parting with which they
might, at any given period, eXtinguish
che liability. On the other hand, If the
money received in Europe for the bonds
were expended in improvements in land,
IN the construction OF profitable railways
or other public works, or in the importa-
ton OflabOr, the result nom augmented
production might not merely compensate
Tor the payments to be made, but yield a
constantly increasing surplus. II Is for
those VINO are interested, either az invest
ors or otherwise. TO form their own oPin-
ion as 10 the degree in which these sever
al modes prevail. At the same time, IL is
always necessary to re0Oilset that people
who are liable for a debt are apt 10 COM
plain sOf its burden, wbileEthey entirely
forget the benefits il NAV have brought /
70 them, and that an annua heavy pay
menU 70 foreigners has a much more a n
gerous element OF unpOplarity than
would exist in the case Of liability held
exclusively at home.