New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-11-30
THE SOUTHERN TROUBLES
HOW THEY ARE REGARDED IN NEw-YoHK.

The news concerning the Southern compllca-
tons caused the greatest interest In the city yeslruAJ
hut there we're few manifestations OF excitement ana
no crowds gathered in and about Printing Houses ue
Indeed the streets about the newspaper ohieeS sconu
less obstucted by passengers than usual rev Oi INC
papers put mp bulletins after their regular morn
ing announcements, and one or two imam
matory bulletins displayed by the more Paru-
san evening papers melted no apparent ieehhs'
At the principal hotels there nothing to Indicate
either in the day evening that news OF an eXcltihs
nature had been received in regard TO the political stua
ton in South Carolina and there was deep feeng on
tire subject it not demonstratiye only the uSua
number OF guests oungcrs in the corridors ana
reading-room OF the Fifth Avenue Hotel afternoon Or
evening" their conversation about ponlcal maers
was not at all heated. reporter called at the Union
League Club in the evening, but could ma none OF inc
prominent members present
Regarding the present condition in South Carolina ana
Florida leading Federal official said yesterday tht nc
accepted the statements sent North by the AssocaIeu
pres, correspondents with wide margin for improba
bies. 1t wcn known that these correspondents
had sending reports highly coored in 1aNor oil the
Democratic party throughout the Presidential campaign
As 20 the action OF the Returning Board in South caro-
lina he said the only thing they could do at the
expiration OF the ten days to adjourn III they had
atemped 10 hold over such action would at once have
been declared illegal, and anything they might nave
lone woud have been denounced another fraud per-
petrated by the Radicals" With the exception OF few
weakkneed persons who were AFRAID OF rnlufihg Dns
ness and who wiling to do almost anything rther
than permit any disturbance 70 arise again between e
North and South, the Republicans in this city ap-
proved the action OF the South Carolina Returning
Roard and Of Gov Chamberlain as they believe
he had been elected by the honest vote OF the stare
Recause by fraud and intimidation the Democracy had'
been able capture portion OF the South'i STATES
WAS no reason why they should be permitted to take inc
remainder IN the way. In the minds OF thoughtful
bo Iaif we'd
election Of the Republican ticket in South Carolina,
Florida and louisiana and they had no doubt that Gov
HAYES would he inaugurated President OF the United
States next March.
THE FINANCIAL SIDE or THE NATTER.
ATRmrsE reporter called upon the leading members
Of the Syndicate for funding the new Government 42
per cent loan to learn the probable effects OF the south
Carolina and other Southern complications upon their
undertakings All the gentlemen were reluctant to say
much upon the subject remaTkng that every effort
ought To be made To alay public excitement ana
encourage confidence ia the future. Inc con
yersations, however, whether long or short all
tended TO the same conclusion 900 that the recent
pocal news from south Carolina had produced no ap-
preclable effect upon the work OF the Syndicate for the
simple reason that their enterprise had been at stand
stir for more than month The business OF iunding
the li2 per cent loan nearly suspended before the
middle Of October and there no prospect ~ us re'7al
until the question OF the Presidency is setted-whethr
the 4ih Of March.
The business of funding the loan was begun Sept
nader contract between some N the leading Ameri-
can aud fore N bankers aud tie United states Govern
meut by which the Syndicate were 10 have SlOOOoOOo
~ the bonds and M many OF the S3O0OOOOOO au-
thorized TO De ISSUED they should call for prior TO
Narb T. ST. the Government agreeing 10 sall IN per
cent bonds as fast as the new bonds were disposed
Of. During September the Syndicate disposed OF
5i0OJOOOO, and tho same amount u per cent
bonds was called In. During the hiN ten
days Of October slOOOO0oO OF the AZ per cents we're
disposed Of and amount Of the old issue was
called in From oct 10 60 this present time there has
been no funding worth mentioning This u attributed
,y All 10 tine political troubles aud the anxiety felt ia
REGARD 10 the future. though Il Is claimed that there are
no indications Of DOUBT Of the stability of tho Govern
u,ut or the sOuudu,ss OF tho national cre'dt.
There is general desire to ourtail business
rather than TO expand H. until there shall be- political
auict and a settlement % tine Presidential problem;
then l. Observation-Disclosures the result OF the settlement
may bc-busiuegs win revive, aud the country VIII see
the rctun Of prosperity No member OF the syndicate
expressed any douOt that the work OF funding the
new loan would be resumed successfully early
m the new year. by the t Of March 80 latest As the
contract with the Government does not expire until that
date and the Syndicate have st 10 days grace there
after 1t is confidently believed that the outlook viii be
30 favorable 10y iat ume that renewal o. the contract
VIII De requested and granted.
The war cloud u Europe IA also assigned as reason
why activity in American securities should not Ice oN-
pectcd. theory European ought 10 create de-
maud for American Investments but ms theory Is Offset
by tho patriotism which leads the people Of every nation
TO aid their own Government la time u need European
war Il is thought would deprccAte American as wen As
o,her government securities 10 SOME extent.
INJUEY TO SOUTHERN CREDIT.
Prominent merchants nud bankers were visited by
TRIBUNE reporter, aud Inquiries were mad" rs to tAe
effect business Of the troubles in South Carolina and
Louisiana. IIo was told that their immediate effect
WAS 10 cause all classes OF business men 10
draw in their affairs closely as possible and
wait Tor more settled political condition. This is felt
more b. those doing business with the south than by
Others There Is hesltaucy In filling orders sent by
Southern merchants, especially from south Car
DINA, Louisiana, and Mississippi Many orders
arc allowed 10 lie over untitled, when but
for the political uncertainty credit would be
given unhosItatingly. bank president said that
lac refused 40 receive deposit which were made
payable at a bank in what lac called one OF The bad
states the South" I'm explanation, he said he used
the word bad IN purely commercial sense. lie meant
The states having bad business prospects ON
account OF their political troubles. Business moa said
that bat for the political complications, the country
ought be exceptionally prosperous An era OF econ
had begun. ANA tie balance Ot trade was largely III
favor OF this country, shown by recent shipments OF
gold from lngAnl Little disbursement was lelt IN
regard future, but all were agreed that until the
present excitement ended business OF all kinds VIII re-
main sagudht.
DEMOCRATIC EXPRESSIONS OF OPINION.
AT the Everett House, where shadow OF |
the Democratic National Committee still fingers IN and
about the parors It stated TO be the prevailing
opnion there that serious trouble would result from
tho state OF affairs In South Carolina, II by serious dis
urbance was meant civil war. The strongest admira-