The New York herald., 1876-11-06
Mr.. RELnosr's LETTER.

have, at all times kept aloof from the arena OF pot-
cal strife.
Representing prominent interest 10 the Syndicate
which has been intruscd With the placing OF lower
interest bearing bonds IN tho European markets. iet
that ought to contradict, In tho most unqualified
manner, the Telegram published in an uDscrupulous
partisan paper, mat me election Of MT. Ii'aen would
atoms In London and that tho possibility OF that event
had already seriously interfered with the sale OF our
bonds.
have In vain looked for one single proof that any
such advice had been received either here or at WASH
ington IRON any oi tho members Of tho Syndicate In
London. Vague rumors and insinuatops have indeed
been actively In aud tho authority OF the
secretary OF me treasury mas even ooen called 10 aa
respect 10 give his endorsements 10 this clectioucerng
trick and in his speech Of to-day, though inspired by
n tho proscrpvc tencts OF his party crecd he does
make the slightest aIiuson 20 It.
am sure you will DO glad TO be confirmed In your
conviction that our securities have In no way been
affected by elections, and not likely to be- by
the following extracts from two letters OF tho Mcssrs
Rothschd received by the las, Steamers which bring
us tho Gath of Urobcrsny ten dnys after the
elections cf West Virginia and Indiana, which wore
wrscn the midst Of the anxietics and fcars pro-
duccd by the events In tho East
In ono letter they say
American stocks among the securities that
isI"nf cry 'e's 'h'
In another and later they add -
think the small decline occurred bsrs
financial cred, den should DO elected but the old
81 n sGs s,
pretty good today. aud the nvc per cents arc los
Inc hOnOraol0 secretary OF tho treasury has tried
to dsprovo my statements IN regard to the prices at
which oil our ave pcr cont and per cent bonds
negotiated In tho last months OF 1860 and in the
beginning Of 1s31 II would take space thaa this
letter Will permit 20 reply TO the arguments and 1Rurcs
which he puts forth, but cannot refrain from stating
with all due Difference. that the fncts which
stated are In strict accordance with what made
public as having occurred At the timc and arc sub
santiated by the Treasury reports OF those years
may add here what no one knows better than your
self that u would bc Just Unfair 10 charge the nd
minslratson Of President Lincoln, and hs dIstin-
gushed Secretary Of the Treasury. Mr.. Chase, with
mismanagemcnt OF the finances Of the country,
because our six per cent bonds had TO bc
sod in 1862 and 1868 at immense sacrifice
IN consequences OF tho disasters Of our civil
war NJ u 10 TO bring In proof OF democratic financial
mhadmnistration under General DIX tho prices OF
bonds in 1861. when tho fears and apprchcnsions Of
those sad frightened capital and psrAiyzed en-
torprise
AZ no time have the finances Of Russia been IN .
moro hourtshng condition and becn better managed
than they have been Tor the last ten years Her public
securities havo daily increased In favor and pricen the
English and Continental money markets. and yet the
moment political complications tbrcstcn the possi
bIuy OF war her bonds experience decline OF nearly
- AUGUST BELMONT
srEwAxr BRows. Esq. No. 81 West Thirty.fourth
Qfr