The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-13

CUBA AND THE COLORED MEN.
Vindication Of the Character of Thad Ste
VEINS by His Law Partner.
KIE SYNDICATE AND THE NEW LOAN
Scenes in the Senate and House During the
Counting Of the Electoral Votes.
BUTLER AVOIDING BAD COMPANY.

BUTLER AVOIDING BAD COMPANY.
WASHINGTON. Feb H. 1879
Rc)OfctHgs - tho Syndicato-Ono Hum
dred Millions OF the Bonds Already
Subscribed For-How About the Three
Hundred MHlionsl
II the statement OF the Treasury 0nicials were TO
be accepted az reliable, one might be led to believe
that the unding Of the new bonds was matter OF
little consequence. Although the Syndicate has
had Eve days in which to sum up results, there is
nothing definite yes known at the Treasury De-
partment as to how much has been taken
of the five per cent bonds Three days.
notice was considered sufficient to in
form the world of what they wanted
to do; but 1t will take no one knows how long to
find out what has been done. The latest report
this afternoon was that about twenty-five millions
had been subscribed in the United States and
little over seventy-fve millions in Europe; enough
anyhow, the Syndicate says, to authorize the call
ing In OF 500, 900 OF the fve-twentes. When
Secretary Boutwell, informed that the subscrip-
ton to the new loan was made payable June l.
instead OF May l, as announced In the circular OF
the Syndicate his attention was called to the pres
sure which might be brought upon the department
to pay the 1ve-twentes presented for redemption
between the 7th Of May and the LIST of June,
II the call was allowed 10 stand. Hence the re-
vocation or the order almost before his signature
to the order was dry. He had no idea of being
embarrassed or allowing his gold balance to be
diminished for single day before the books were
opened. The Shylocks of the Treasury Depart
ment rubbed blisters ON their hands over the
thought that the entire three hundred millions
would be promptly taken, and that great would be
the I'm financial heavena Now IT w never
intended, never expected, never desired that more
than one hundred millions should be placed at
one time. 1T Is q tremendous victory" says one,
"Incomprehensible, says another, with that pecu-
liar twang indicative OF disappointment. "ImpOs-
sible to adjust the interest, furnish the bonds keep
the books, transact the business and have time to
eat and sleep over more than one hundred millions
at time," chimes In third, and SO on. The fve-
twentes to be called in interest on which will
cease June !, are held in Germany. That amount
OF capital 1t Is reported by those protesting to
derstand the exact condition Of the stock market
viii be diverted into other channels rather than
take bonds bearing lower rate, and the Syndicate
will be LETT to the London market exclusively Tor
its operations. How the remainder of the
$500, OOO 900 is to be disposed Of is mystery which
no one seems to care to discuss In the Treasury
Department.
the Edgar stuart-spnnish Agents on
the Alert-Colored Petitioners for Cuba
and the President.
The Secretary OF the Treasury has investigated
the case OF the steamer Edgar Stuart and reports
to the Secretary OF State that there was nothing
irregular In her papers anything justifying inter-
ference with the vessel. The agents or the Spanish
government are on the alert for swift-sailing
schOoner-rgged craft suspected OF being fitted out
for the Cuban cause. The friends OF Cuban inde-
pendence In this country are massing their forces
and preparing to move upon the White House in
solid columns of signatures committee OF col
ored men Is expected here the latter part of the
week with petitions, numerously signed, which
will be presented to the President, urging the
cause Of not only free Cuba, but the emancipa-
ton OF five hundred thousand slaves in that
island They will ask justice and fair play for their
brothers in Cuba; for, having tasted the sweets Of
freedom themselves, they Will urge that the same
boon may, through the aid Of this government, be
bestowed upon the oppressed OF that island. IL Is
stated that the President will receive the com.
mittee cordially and, without directly committing
himself in reply to their petition, he will have
something important to say on this subject in his
next inaugural
Senate Louisiana Invcstig ating Conn
mittee.
The labors of the Senate Investigating Committee
in the Louisiana case are drawing to a close at
last. 1t announced to-day that but little more
testimony Will be taken, and all the witnesses were
discharged. Warmoth and Mcmillan are to make
their final statements before the committee to-
morrow. The testimony taken to-day was OF the
usual character.
Thad. stevens Reputation vindicated-
His Law Partner Before the Wilson
Committee.
The Wilson special Credit Mobilier Committee met
this morning, and Hon. .. J. Dickey, OF Pennsy
vania one OF the executors of the late Thaddeus
stevens, appeared and said
He had learned that there had been some testi
mony before the committee rejecting upon the
Hon. Thaddeus stevens, deceased. Witness was
his law partner from 1916 to 1857; the law
practice OF Mr.. Stevens yielded him from
$500 to $17,5o0 per annum; witness had
examined the bank account OF Mr. Stevens
carefully from 1861 up to the time Of his DEATH and
found no depositof $4,000; there was no deposit
exceeding $4,000 with single exception, and
that was the result OF q mortgage he put upon
some OF his property In Franklin county; there
was no cash deposit mot the result OF discount
or the money Of cnents) exceeding $7,2so; Mr..
stevens was the owner OF large tracts OF land in
Pennsylvania, known as the Caledonia and Maria
furnace property, most or WEIGH ne acquired prior
to 1857; he also owned land in Luzerne and wyo-
ming counties.
The witness produced an inventory OF the per.
sonal estate ofMr. stevens amounting to $4s IS,
against which the executors have paid $4,000
special legacies and debts, and there is an item In
litigation now Of $4,000. The newspaper rumor
tnat Mr.. Stevens sold the Caledonia property for
$4,000 In Union Pacific Railroad bonds was with
out suthority. Mr. Stevens ALWAYS asked f16O 900
for the property before 1t was burned by the rebels,
and the executors are now negotiating for the sale
OF it for $4,000. There was nothing in
the books or papers Of Mr.. stevens indcat-
ing that he ever held bonds or stocks
OF the Union Pacific Railroad. The only
bonds we're some Delaware, Leavenworth and
Pawnee Railroad bonds, which he received from
Mr. John f. Cowan for the sale OF two tracts OF land
| In Luzerne county which land was subsequently
taken back by the executors. as there was some
dianute ahOut the title. There t14 600 realized