The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1875-04-28

k1s%s~~ a- a-A-N - e.
ling type. he advertised that ht
did, Mt want any more dogs. And
for this advertisement he paid. Then
| he went home and pasted upon his
door, sGoNEINTo Tue 4GoUNTRY.-
Then, he hired 3 special policeman
to gard-his property and then he
locked up and went away with his
family =. s.f'ssaz2.-j liiE bssse7s -
/ From that day Jesephus Buffer
has never been heard to, express
doubts concerning the efficacy of
| printers ink; neither has he asked
/ Who reads advertisements?
Debts of the Southern States.
The second annual report of the
Council of the London Corporation
of Foreign Bondholders contains
some information n1and expresses
7opinions with considerable acerbity
in regard to the attitude Of the
Southern States towards their credi-
tors. The report afirms that ''the
condition OF the securities of the
Southern States of the American
Union has awakened distrust Of
the credit and lowered the market
standard of american investments
generally. During the year there
has been considerable financial en-
barrassment, owing to the great
commercial crisis, but" says the
report 1.-The condition of the treas.
uries would. in many of the States,
have admitted of large payments had
there been steady disposition to do
tile best according to means. This
has not been exhibited" I'
In regard to Virginia, complaint
is made that the hopes Of the foreign
bond holders have been disappoint-
ed, though ''it is, however. believed
by some that there are signs Of a
more wholesome state Of feeling be-
ginning to be manifested AS to
the apportionment of the debt it is
remarked that '.the hebondholders have
considered that it is not their inter
est to initiate any proceedings which
would establish a distinction between
Virginia and West Virginia. They
simply look to the firm with whom
the loan was contracted, leaving the
parties to adjust their own affairs
With respect to North Carolina
and the plans under consideration
by the Legislature the report says ::
at is feared that athe proceedings
are only directed to the creation of
delay
South Carolina bonds, says the
report, do not appear to be held
here to large extent" but "the
unsatisfactory conduct of the State
towards its creditors is said to have
frustrated any attempt to raj money
in England for public or private un-
dertakings within its bounds.
OF Georgia it is said that this
State has, during the past year, re-
sumed payment on its bonds of187O,
which has been indefault since April
!, 1872"
The council have forwarded TO the
Governor of Alabama certain sug-
gestions for a basis of settlement,
which, il accepted on the part ofthe
State. will be submitted to meeting
of the bondholders Immediately ON
the receipt of definite reply.
1t appears to be somewhat spite.
fully announced that "a representa-
tive of the Mississippi Valley Com
pany having at a meeting of the
Manchester Chamber Of Commerce
advocated certain measures as tend
ing to induce flow of English capi-
tai to The States of that Valley the
Council have addressed letter to
the Chamber Of Commerce pointing
out that, in their opinion, before any
attempt to bring about such a result
can be supported in this country
with success, the States OF the Mis-
sissippi Valley will 6nd it necessary
to re-establish confidence in their
good faith by giving proof of their
determination once more to occupy
a position among solvent States"
The Louisiana funding act is de-
nounced as measure of confiscation,
and it is stated to be "not improba-
BILE, if this measure proceeds, that
the Council will be called upon by
| the bondholders to resort to the ex-
treme measure of issuing Louisiana
certificates of default, and applying
for their quotations on the Stock
Exchanges Of London, New York,
Holland and Germany"
= A Fatal Capsize.
| CHAnI.EsroE, 8. G., April 13.-The
pleasure yacht Ella Anna, containing a
party Of eight excursionists, capsized to-