Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1871-06-21
HON { NE VS..
10 JEFF DAVIS RISES TO EXPLAIN.
His Friends MisrePresentcd His Speeche,
Alabama and Chattanooga Railroad Credi-
tors I'm Council.

NEW YORK, June IA special from
Chattanooga says 80 j saw q private letter
| from Jefferson Davis TO Col. Styles, Of the
Albany (Ga.) Ne,O8, in which he complains
of the manner in which his speeches at
Atlanta and Augusta have been miscon-
strued by the Northern press. He says he
never wished directly or indirectly TO coun-
! sci Southern people not to tolerate the sit
uation. He thinks they ought to wait pa
| tiently until the returning of the good
sense of the Northern people brings about
reversal of more obnoxious features in
the recent Congressional legislation. He
| disavows most strongly anything like the
revival of armed resistance.
There was one part of his Atlanta speech
which was not reported. Before saying he
did not accept the situation, Davis asked
any Northern reporters who might be
present to take particular notice of his
words, and he then said he did not desire
to be understood as advising anything like
disloyalty TO the Government
CHATTANOOGA, June IA committee
of creditors are in conference with Mr.
Stanton to consider the affairs of the Ala
bama and Chattanooga Railroad. 1t was
resolved to exhaust the law to defeat COM
pulsory bankruptcy. A committee was
appointed to examine the books and ac-
counts of the road and publish the result.
1t was further resolved that Stanton be APP
agent W OpeTute Tile anu u
financial agent be appointed to handle the
money in the interest of the creditors. The
debts of the labOrers and employees are to
have the preference A committee of three
was appointed with whom Stanton is to
consult and advise in the management of
the road. 1t is believed if Stanton is al
lowed to operate the road the last dollar
will be paid. An eXtention of one, two
and three years is asked at eight per cent.
interest upon certain guarantees from
Stanton.
CONCORD, n. H., June 14.-To-day was
celebrated as gala occasion, beginning at
daylight with a salute of thirty-four guns.
An immense crowd thronged the streets
and there was grand display of the mill
tary and fire companies. Gov. Weston
was inaugurated with imposing ceremonies
and read his message.
RALEIGH, June 19.-In the case of An
thony II. Swasey VS.. the North Carolina
Railroad, Judge Bond delivered the opin-
ion under an act of lS49 that creates q lien
upon the stock and dividends in favor of
the bondholders. No subsequent acts of
the Legislature could impair this lien. The
court appoints S. +. Phillips receiver in a
bond of $200,O00.
WAsHINGToN, June 16.--The Monocacy,
Palos and four steam launches, undereom-
mand of Commodore Blake, sailed June
lst to examine the river Sable, in Corea, at
a point called Difficult Passage, where
navigation is most perilous. Several thous-
and Coreans with masked batteries opened
q heavy fire. The French vessel in adj
vance fought calamity. The American
vessel bearing up, drove the enemy from
the works. The tide swept all the vessels
past the batteries and they then anchored.
Three shells were thrown among the re-
treating enemy. The Monocacy was
slightly injured by running on sunken
rock. The vessels returning received no
fire from the forts. Two Americans were
hurt. Pacific overtures are expected, 9TH
erwise the feet will destroy the forts and
take such other measures az the interests
of civilization demand. The Coreans are
a treacherous, war-like people, entirely in
dependent of China.