The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-06-05
A BOLD SpECULATOR.
nov 4 IiyKEE STOCK JDBRER TtN-
RIED TTREtsU RoNDS
The Man who lnritcd the Herzeeov inian
uusUrrectt0n.

ana Montgomery streets. Afterwards
stock manipulation, unsuccessfully cross
ing swords with the organization known
as the ''Bank Ring" then u Spectator
| in mines and mining bitches. and final
! " n petitioner i'm bankruptcy, Is now
! veritahle poteutate i'm the London stock
market, receiving petitions there for
| favors from the kings Of the Stock Ex-
change, who not long since succumbed
| to his superior genius I'm the manipula-
| tion Of Turkish bonks. The history Of
Davis is one Of striking vicisstudes and
! tragedy.
Since his warnings to the English
public against the Emma swindle," in
the cntaglements Of which Y. w Park.
| Minister Schenck aud other prominent
men were involved. and the favorable
termination Of another schemes which
| he recommended to English capital, no
man has enjoyed n larger share of pub
lie confidence among London capitalists
than does Mr.. Davis. II was confidence
in his ability that gave him the chief
management Of the Great Pool Of
| which
TURKISH BONDS
were sold "short' to nm enormous
amount, and the whole loan Of efbn 900.
900. OF %75n.no 600 WAS fearfully reduced
| in value by the precipitancy Of the Her
zegovinian insurrection.
II Is stated upon reliable authority
| that Mr.. Davis. on his visit up the Med
/ iterranean some two years since after
the formation Of the great pool, went. rs
| John Brown went to Virginia. in the
real character Of q revolutionist to in
cite instruction among the then al
ready feverish Her5egnvinians. bring
about alarm among English holders OF
Turkish bonds. and thereby break the
bond market to satisfactory figures. or,
rs Mr.. Davis had II, to Living prices ="
Whether Davis WAS the real agent. as
is asserted, in inspiring the Herzego-
viniaus with treason or not. il is n well
! authenticated fact that rebellion among
this people commenced to assume tangi-
bic and alarming forms soon after his
visit to the East. This connected wit h
! the enormous moneyed interests in
volved, with the fact Of his enjoying tho
special aud suspicious friendship Of the
Turkish Consul as well as being tho
custodian Of large sums Of money while
on his visit up the Mediterranean to
gethcr with tho we'll known wish of
Davis and his friends to create n scare
among holders of Turkish bonds. even
though we sct tho Ottoman Empire in u
| blaze. \ is reasonable evidences that Davis
| indirectly aided. at least. in kindling the
torch Of instruction among the Chris
tians Of herzegovina acivil disiur hauce
which not only caused u great tumble in
the value of Turkish securities in the
London market, but which may finally
result in m important change in the
geopraphi, al jurisdiction Of the Sublime
| Porto At all events. the great pool. il
IA well understood. CLEANED up, "a tho
result of
Tul uEHIrG0vfNIAN war.
| an enormous profit. which according TO
the estimate IF some. fully edualed the
entire capital invested op,ooa.oo0. of
which Davis received, If is asserted So,
600 900
Although this was scheme from
which ordinary men would recoil. Davis
attempted it with unwavering conf
dancc. At n glance he compromised
its Feasibility when he learned the iinan-
eial strait Of the Sultan. The national
loan Of Turkey in 1873 amounted to
s75o. 900 600 The budget of this period
called for $3.50. o0O.0nD more for the two
next succeeding years foreshadowing
an aggregate Of 5000 OnO. 900 in 1870 The
treasury was exhausted. and to meet the
quarterly interest on tho foreign loan
tho Sultan resorted to q hypothecation
Of his jewels and baubles, just MS tho
sinking stock Speculation pawns the
bridal ring and diamond necklace OF
his wife when struggling on the ragged
edge Of despair with no hope but the
letting down Of some hand from the
clouds
To the surprise Of Davis. the eyes Of
the bloated bondholders were closed to
the financial distress OF their royal
debtor. The regular quarterly interest
was sort of anodync that fatally qui-
eted the nerves and dulled the vision of
l. ~ II Of IN
Jewels aud baubles had no Specification
II the quarter in its revolution but
brought the coveted interest. Davis
saw hole. as he expresses himself.
through 1t i'm moment. He laid his
plans: formed the Great Pool" sold
short, subsidized journals in London,
Paris. Berlin, and Vienna secretly
started up the Mediterranean with drafts
on the Bank OF England and single
companion his faithful Italian secre-
tary. whose vernacular is all languages
and all dialects. visited the feverish
Christian Turks and then soon came
the hurrying Of men, the forming OF
battalions, and tho march OF rebel
armies and now followed in quick sue.
CeSsion
CRASH IN THE LONDON STOCK MARKET,
crash that awoke John Bull. brought
him systematically to his feet, rubbing
his sleepy optics. and wondering what
the matter was with the 'blarsted Turks
and the blarsted bond market"
While Davis rejoiCes over his good for
tune, he would have thrown crown
jewels and baubles into the Mediterran-
can had he been the Sultan or his Prem
Ter, and got up rebellion among his
Christian subjects himself. dropping in
terest on foreign loans as military ne
cessty, for term of years, rather than
have shown his impoverished hand y
According to very recent letters to a
confidential friend here, Davis must
have made a very pretty deal on the
decline Of Egyptian bonds, also. within
the last few months. He says: Il have
just returned from another trip to the
East. have picked Turkey bones till
nothing is left l have now been down
into Egypt to look after the chickens OF
the Khedive."
These grand coups OF the bold and
shrewd Yankee have 30 firmly estab-
| l.. f,,1