The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-07-24

Oh tu0 Bona COinmltte6 WHICH recently Vbito0 InlD
city from Georgia to inquire into the matter OF the
issue Of bonds OF that State, particulars OF which
have just reached here by mail. The Augusta Con-
stituttOnastst says-The report covers 200 printed
pages, and is a history OF thorough investigation OF
Bull0ck's INSCRIPTIONS fnanciering. The report
makes Bullock's administration fully as bad as was
expected, showing the reckless disregard OF
law In the issuance OF bonds The report is
accompanied by bills repudiating the Brunswick
and Albany bonds, Brunswick and Albany gold
bonds, Cartersville and Van Vert bonds and Balm
bridge. Cuthbert and Columbus bonds and declar-
ing all null and vold also bill declaring void 100
gold bonds held by Henry Clews Resolutions were
introduced recognizing the validity or the quarterly
gold bonds issued under act OF 18TH September,
1870; that bonds hyp0thecated be redeemed by pay
ment OF the borrowed money; that the endorse
ment OF the South Georgia and Florida Railroad
bonds and Of the Alabama and Chattanooga Rail
road bonds is valid also that currency bonds issued
August. $780, having been cancelled by gold bonds,
are not binding The Governor and Treasurer are
forbid paying the interest principal of any of the
bonds declareddnvalid." This is
THE FIRST INSTANCE OF REPUTATION
on the part Of the South OF the financial obligations
imposed upon that section by the various carpet
bag governments that took possession OF the sew
eral States subsequent to the war, ana in view or
the example 1t offers, has great significance. the
summary thus far received is too meagre to give
tine exact amount OF bonds included IN this repudia
ton, but from other sources the following partial
Information Is cleaned
THE BRUNSWICK AND ALBANY GOLD BONDS.
endorsed by the State Of Georgia, are a 6rst mort
gage six per cent security, dated October l, $685.
interest payable April and October, principal pay
able April 1, 1908, amounting to $S,e3O,0Oo. The
company having defaulted in the payment of the
interest upon these bonds last April the road was
placed in the hands OF q receiver. Concerning the
other bonds repudlated, particulars are not now at
hand. OF the bonds, the validity OF which Is
reaf1irmed, those OF the South Georgia and
Florida Railroad were all assumed by the Atlantic
and Gulf Railroad upon the merging Of the former
into the latter. The following were the closing
PRICES OF SOUTHERN SECURITIES:
Tennessee, ex coupon, 70 "a; do, new, 72I a
| 1914; Virginia. OK coupon, A 90; do, registered
stock, old, IS As; do skies, consolidated bonds,
| SOY a SIX; do. skies, deferred scrip 1874 1d;
Georgia skies, 70 a 70; do sevens, ss a 30; North
Carolina ex coupon, 80 a "a; do. to North Carolina
Railroad As; do, funding, 1866, % a 80; do. do,
$685. % % do new, 81 % do, special tax, Is Is
| Missouri skies, % 941s; do, Hannibal and st.
Joseph, 90 93 Louisiana skies, SO 90; do, new,
As IS; do, levee skies, 60 85; do. do, Fights,
| 10 a 80; do. do. Fights, 1875, rs So; Alabama
| fves, 60 SO; do, eights SO So; South Carolina
skies, "a 60; do, new, January and July, 3os4 a
81; do. do, April and October, % 80; Arkansas
skies, funded, So "a.
GOVERNMENTS WERE FIRM
during the day, but quiet and left of strong upon
the highest range fthe gold premium. Prices closed
as follows limited States currency skies, 1l4A a
114x; do. do, 1881, registered, 1151s 115A; do.
do, coupon, 117Z 11s; do. nve.twenties, regis.
tered, May and November, 1l5A l16; do. dO 1862,
coupon do, 115z l16; do. do 1854, do do, l151l
116; do. do 1885, do. do, 1861 1167s; do. do,
1867 registered, January and July las ll4s; do
do, 1865, coupon, do. lax 114zS; do do, 1867,
do. DO, 1l57S 1151s; do. do, 1865, do do, lis
l15h do. ten-forties, registered, lllH 1llH; do.
do coupon, 1l2'1 113; do. ives, 1881, registered,
112ls a 1924; do do, coupon, 113s. 1854.
RAILWAY MORTGAGES.
The following were the bids on the regular eal
to-day Central Pacifcs leaving OF stronger III
| 101z< "a 1O1lL.-