davidaulloa/AmericanStories huggingface dataset:
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11
Louisiana Troubles.

new ORLEANS, January 9.-About 8
O'Clock tonight the Nichols militia, about
5000 strong, had a review on st. Charles
street opposite Lafayette Square. AS they
marched through the streets they were
cheered by men and ladies, who thronged
the galleries and waved their handkerchiefs.
They were principally armed with Spring
field rifles, with bayonets and cartridge
boxes, though some were armed with car
bines. shot-guns, and old mnsiets; and they
marched in manner that showed they were
familiar with the school OF the company.
After review the companies were detailed
for duty and marched off to different points.
Some are patrolling the city tonight, but
most Of them were disbanded for the night.
All ages from sixteen to sixty are repre-
sented in the militia, and all nations except
Africa. AS they passed the custom-house
this morning on their march to Jackson
Square windows on Old Leyee street were
filled with United States soldiers. The
militia brought their guns to n carry-arms
and gave three cheers, which were re-
sponded to by the soldiers. |
At 9 O'Clock tonight the agent OF the AS
sociated Press attempted to enter the State
House to interview Governor Packard, but
was halted by the Nichols. police and re-
fused admission. Governor Packard and
the Legislature are in the State-House, but
the new police have refused to allow pro-
visions to be carried inside.
[Second Dispatch.]
New ORLEANS, January 10.-At $50 A.
NJ: the city is perfectly quiet, and with the
exception OF a few armed squads patrolling
the streets, and white-ribbon badges OF
Nichols's police. there is nothing to indi-
cate events witch transpired yesterday.
Not single case OF violence or disorder
occurred during the night, rs far as known.
There is no indication OF gathering OF the
heated hosts Of yesterday. Both sides are
exceedingly reticent in regard to their in
tentions, and nothing is known OF them
outside of their trusted friends.
GRANT ORDERS THE MOB TO BE DISPERSED
WASHINGTON, January 10.-The Secretary
of War and the President were in consul
tation to-day about noon upon the subject
OF telegraphic information received here
officially from New Orleans, through mill
tary and other sources, and it was decided
to send telegram to the military COM
1nander at that post, giving the. exact posi-
ton of the General Government. in the mat
ter. Accordingly the following was tele-.
graphed from this city: II s...... ..;., ....s !.
8, Var, Department, January 10, 1871.
General O.. G., ,Augur, Neo Orleans, La. :.
It is reported that the State House in New
Orleans is surrounded by mob. ..H this is
so, notify all persons to disperse. and com
pei compliance with your orders. 1t Is the
determination Of the President to see that
the Legislature is not molcsted. When he
has full knowledge of NIL the. facts in The
premises lie viii decide which should be
recognized. @ ~. ss..I-1
. [signedl ~, y J. D. CAMERON,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11
Morton---The President Of the Senate
Poweriess. IL 9.i.s llsii /, ! >

Morton---The President of the Senate
'f5,'s.. Powerless. II SO ilsi b, -
Senator MoRToN,; in his, placein the United
states Senate OF, the 18th OF March, 1870,
made the following declaration 80" , ~, .
.There is no provision in our Constitu-
t;on authorizing The Vice President or any
ether officer Of Government to come in aud
settle the. question where the two houses
disagree" s,...,s all FRA s..-@.s. Jai!i 1.
Again, MIR. MORTON, on the 2lst OF March,
1876, said: J. "stir'lh II, .,l '''!'1a! /,
"The president Of the Senate pro tempore
has no casting vote under the Constitution;
but he simply votes as d senator. II you
give the president pro tcmpore, q casting
vote where the two houses fail to agree 10
determining which is the. true. vote OF o
State, that right thus conferred upon the
president Of the Senate Is given to him by
Virtue Of law, and does not belong 70 ttns
under the Constellation; so. that, after all,
we are dep,iting to an umpire or to third
party the exercise OF a duty acltich, accord
ing to the drg,iment of The senator from
TerGs, ard I THINK VERY CLEARLY, TOO
belongs to the too houses as q part or the
ieqisiatiue po,cer o. the country. ,g.,r. !.
Mr.. MANI s1IllI uilipltC lS, q Hi "
our own body. He is not an outside body,
hut is q part Of Congress.
"Mr. MORTON That may be true. He
is member of this body either as Vice.
President or as a senator; bit the poloer
con fesred upon hin. is not giuen By the Con-
stitution-it is a ftetu p0lcer dctfchl zoe are
con ferring upon him. Ideny the powerto
create al, upspire to decide between, the t,co
houses IN a MATTER WHICH rs DEy0LYED
UPON THE TWO HOUSES, DT THE ; C :l'S TT
TON" .,.!u,i,ssg.. aaa... :.
Then, how can Dir. FERRY become the
tool OF the conspiracy, and take upon him
sci. the act OF counting the electoral vote
and declaring who is President ~,
Senator MORTON also made a pregnant
speech of eleven words during the same
debate. Mr.. FRELlNeHuYsEN addressed the
following inquiry to him:' '"'
"I would call the attention OF the Senator
| from Indiana 10 the second section. Ii pro-
yides that returns from such States shall be
counted (which. the two houses, acting
separately, shall decide, to be the true and
valid return , The question Inns. been sug-
gested to me as to what is to happen in case
| the two houses, acting separately, do not
| agree as to which return Is the Yalid re-
turn" rat.snrl sf-.5f .'',E'.js'
To this Mr. MORTON replied - ~. go. r.
II suppose there would be no vote count.
cd in that case.", ..ge .s.,.. ~. - g.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11

!. REPORT OF THE SECRETARY OF WAR-HIs
TELEGRAM TO New ORLEANS w dshington,
January 10.-At the close of the session OF
the House on yesterday a communication
was presented from the Secretary Of War,
ii, response to q House resolution dated De-
cenber 9Th, giving an account Of the dlspo-
sition of United States troops. In accord
ance with this showing, troops here include
am ordnance detaehmen from Comp A,
C., r., T., and e OF the First artillery; G, G.,
and I OF the Second artillery; A, D, and
+ Of the Third artillery I q the Fonrth
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11

A, Y,,rpe to IL, as they did to the Louisiana
T 'aoisintI,re IN 1874, and TO the South caro-
a OBSERVATION-DISCLOSURES
neo,,ia ,aaa,Iasco in that, why need the con-
i ,,srssg ~ s4er Tnrrens3er psWerS sS LII ~
Nj s.s ~ seet sour46 kWelves sixteen
ss,Sars norm aa now INV VII not The army be
~ atrongsaYSi rs sutsAyTients Willnpt ting
sretnrnin 4 hbards besas ready and faseaily J,
vii, MT natriottc CAPITALISTS be as ttrntd OF
.nopular resistance, and monarchical capital
isfs Bio AZ anxious as now, for o strong gov
ernment,, which will teSaltmoney and 'dc-
Grade manhood
The time TO prevent the usurpation Is
now. Tie why to prevent It Is not by cries
OF peace, ,bmission,i business, property,
but by L tf1anly resolve to preserve at al
hazards the established order anu methoas
.of free elections. The apromoters OF tnis
scheme, be theythe President incumbent
or elect, be, they, senators, governors, OF
generals, are conspirators' against law, oraer,
and liberty. Opposition to them Is not only
a right but q duty. Il Resistance to asurpa-
ton is obedience, TO law. Standing ~, the
door Of the second century OF the republic,
in the ( presence Of a, danger greater than
ever before threatened it; representing one
hall OF, the people, Of Ohio, cone hali OF
the !, men. who fought i.dor, the Union,
men who love, peace, hut liberty more than
peace. let us resolve TO- hand down unlm-
paired to our, children the heritage OF free.
dom bequeat6ed BY our fathers. Let us
follow the paths Of peace while peaceful
ways are open.i Let us appeal 70 the con,
servative masses, press, and statesmen; Oh
the Republican party TO join US in declaring
that the; result OF the, presidential election
shall be iascertained aceording.to the forms
of law and the .usages unbroken since the
foundation Of the Government, and that no
mans arbitrary will, and no conspirators
tranpling on the law, shall seat a 'lstrper
in the chair IN washington. :"
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11
A New Com alton.

d II the 22d ieirE rule be renewed, then
either house can reject theycte OF any State.
on the other hand, il it be decided that the
vote coming from State cannot be rejected
unless both houses concur in rejecting it.
then, says the New York hume, e the
concurrent action q the two houses being
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11

required to reject, the president OF the Sem
ate, for instance, presents the HAyEs vote
from Oregon. The Senate votes 10 receive,
the House to reject. me vots IS therefore
received. Next, he presents the TnpEK
vote from Oregon. Inc senateSy otes to re.
iect, the House to receive. The vote is
therefore received And Oregon has- six
votes. instead Of three! So with Florida,
Louisiana, and sout,, Carolina. Each Of
these States has double votes, and both
,,osrn Tod 4 Z
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11

NEW JERsEY-THE GOVERNORS MES
sAGE-DEAD-LoCK IN THE LESrsLATUnE:-
Trenton, N. d., January 9.-Goyernor Be
dies message was received and fead' iii the
Legislature to-day In that portion rela-
ting to national affairs he says the sending
of TROOPS to South Carolina was arbitrary,
and that the assumption OF the president OF
the Senate to count the votes is al unheard
Of usurpation, and hopes it will not be
pressed. -. =, ;.
In the House there is tie. The commit
tee of conference have thus far been unable
to agree. Each party has thirty votes, which
is not quorum. The Republicans appear
ed. but the Democrats did not There being
no quorum the body adjourned aaT =.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11
me- 1877. GOOD NEWS FOR THE 1877.
NEW YEAR.
DBY GOODS! DRY GOODS! DRY GOODS!

DBY GOODS! DRY GOODS! DRY GOODS!
Wishing to reduce my large stock OH hand prepa-
ratory to taking inventory will sell my entire stock
of desirable DRY GOODS, NOTIONS, &C., at cost
for the next thirty days. AS this Is no humbug Gus
TONERS will find 1t TO their advantage to give me
call before purchasing elsewhere.
Below will be found n list Of desirable DRESS
GOODS, CAssIMERES, HoUSE-FURNIsHING
GOODS, UNDERWEAR, NOTIONS, &c.
100 pieces DRESS GOODS at zoe. worth Soc;
rs pieces DRESS GOODS at 25c. worth SIC;
A large stock of DRESS GOODS in finer grades
at cost to close them out.
SO pieces TYCOON REPS Mt 16asc. worth 25c.;
A large stock of CACHEMIRES, MERINOS,
BLACK ALPACAS, and other BLACK GOODS
ut cost prices.
TABLE-LINENS, NAPKINS, TOWELS, CUR.
TAIN LACES, SHEETINGS, COTTONS
GINGHA8fS, BED-TICKS, and other domestic
goods at cost prices
An excellent line of CAssIMERES, WATER
PROOFS, BEAVERS; WHITE. RED, GRAY,
and BLUE FLANNELS;
CANTON FLANNELS, CIIEVIOTS, PLAIDS, &c.
ut low prices
BLANKETS, CLOAKS, SKIRTS, CARPETS, UN-
DERSTIRTS, at prime cost TO close them out.
l 900 pair LADIES' and GENTLEMES'S KID
GLOVES at cost, as have large stock and
wish to close them out;
Also, large line of LADIES' and MISSES HOSE
GLOVES, HANDKERCEIEFS, CORSETS
SCARFS, &C., &c.-all at the very bottom prices
$50 pair LADIES' AER1NO SHIRTS AZ 81 a pair
worth fully 80. Give ME call on these, as
guarantee them the cheapest in the city.
2 cases best brands BLEACHED COTTONS at &C..
selling everywhere from Q to l2c.;
100 pieces "A BROWN COTTON at SIC. worth
IOc.; and lots of other goods at cost prices fol
thirty days only at
WILLIAM TEIALHIAfERS, o..
ial Col Broad street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11

artillery, and G OF the Fifth artiIlery--in all,
81 officers and 72O mer-total, III. Number
States excluding Texas, mounts officers
and men, to 1881. 0fsthese f,e@ are IN
Columbia, Isl. &C., and atnaarly eanal force
massed atNew Orleans. Nearly haH OF all
che troops iii thesSouth afsswithin tne State
Of South Carolina Tho entire army roster
IS given at q, 0O4.. This city and the South
included at the time OF the return about
one-seYenth of the armed force OF the coun-
try. III 3f3a
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11
BARGAINS! BARGAINS!

BAheA1Ss' n A
LEVI HEXTERS,
CIT BXoAD STREET
beautifulauslity BLACK and STREEI.CoLon'
ED TWO-BUTTON KID GLOVES At 3oc.'
HANDSOME BROCADE DRESS GOOD at 2oc.
RICH-FIGURED REPS at l6H and 2Oc.;
Elegant BLACK ALPACAS ut 25, 80, ana SOC,
Excellent BLACK CASHSIERESat5 so, 73c.' ana ~
Real WATERPROOF CLOTHS. In Blue, Bro"H'
Gray. and Blsck, at greatly reduced hSufes'
Endless variety of LADIES, and MISSES tLoahs'
SHAWLS, FELT SKIRTS, BALAORALs,
LADIES, and MISSES STRIPED HOSE GLOVES
. ACKNOWLEDGEMENTS TIES;
LADIES' and CH1LDREN'S FURS. &c.-sA SAi U"
Z. offered at great bargains;
We also have Mrs. MooDY,s PATENT ABpoMl
NAL CORSEfS, adapted for stout ladies,
INFANTS MERISO CL0AKS and CAPS anI
= CROCHEP,WUEKSa q speciality. Canear'y AM
-, examine our stock before buying etsewhrfr.
New PATTERNS FOR STA3iPINGfust received.
. de4
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11

& b . y.
sob lot of MISSES and OHILDREN's HATS to
III be sold for soc. to close; :.
A = ..lot ): of FANCY woRK!BAsKETs at soc. ia
few oniy);si ;a.f -#y.t. 4" e@h%
we have a lot Of FORKS, TEA and TABLE
) !. SPOONS plated with nickle and then with sill
10 yer, nearly equal TO white metal goods, selling a,
the same price Of our = second quality y; also,
full line Of first quality twarranted);
Some splendid bargains in TABLE CUTLERY; :.
40 dozen MEMS HATS, both stiff and soft; 7
10 cases SHOES, for which there Is such . rash;
/ 9 crates CUPS and sAUcERs. PLATES, DISHES,
&C.,. s 80, <. y
In MEMS and LADIES' GLOVES We cannot be
best; Is 5.ssr...s IA. ss,.s,..
Bargains in aIERINO UNDERWEAR, at the
40 ~ s,:g.. 99-CENT STORE.
=
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11

OTIS OF GOODS
IL FOR LITTLE MONEY
DRY GOODS AT \ SACRIFICE.
Some great bargains offered Mt
JULIUS MEYERS, 600 Broad street.
As stock must be reduced have determined I,
close out large stock stylish DRESS GOODS II an
below prime cost.
Ladies' handsome Beaver CloaSs NJ prime COST
Ladies' and Children's Fcrs at cost;
Handsome Striped and Plaid ShawlS at cost
9 cases heavy Bleached Cotton, equal TO AfdroSc"s
gin. ut &C.;
so dozen EmfroIded Bridal Corsets reduced TO -.
regular price $1.50: Merino and Ail-Weol D.
derwear for ladies, gentlemen, ana children ~
prime cost: Cassilneres Tor mems and boys wear
al cost; Gentlemen's and Boys Cardigan jacket
below cost; Fur Trimmings, Worsted fringe
&C., ut cost;
'te"' O"1 erNN'' " IULIUS MEYERS
Agency Deniorest's Reliable Patterns. N 4-eod
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-01-11
ELECTION OF 4 COUNTY JUDGE

The House, at l o'clock, according to or
der, proceeded to the election OF county
Judge for Roanoke county, to ill vacancy.
Mr.. WATTS nominated Mr.. Wingfeld
Griffin. and Dir. RONALD sustained the NOM
ination.
After the usual formalities the Joint vote
was announced, and Mr.. Griffin having re-
ceiyed 1870 votes, was declared duly elected.
The consideration of the amnesty bill was
resumed, and pending its further discus
sion, on motion Of Mr.. NEELY, the House
adjourned ..-
, 1877-03-19

The March number Of tho 1ltsfmiastsr Pdptrs. .
famous English chass publication, contaIns por.
tEalt of aEts. j. ". Glhost, Of Hartford, Conn.,,
OF whom Il speaes ~ having "athIcyed a widu dEs.
t!nctton ia the world Of ehess."
The original Laels Tom Of Mrs. Stoves noysl il
aouEtshing largely !u England. and las acau.
ally lcen ''eoma,antlod by tho Queen. Mr. Jen.
nlngs questions whathsF the claimant Il much
IN ''oraiual Uae.t Ton. A. ~ original fraud.
Ths London Ns9s lately printed sla.hing as-
tcae maintaining TINT classical learning IL on the
decline, and IL regarded by college students ~
marc ''shop." Too much time ia apcnt st the
un[ysFatles qn grammatical construction snL con-.
poAtion. Tho Roman and uteek IItst4tures ass
~ rich and lnvi2ofatug ~ ever.
Marriage With deceased w!se's sister u permit
ted, II IL we'll known, In certain colonies Ut Great
nritatn, but forbidden In tho mother COUNTY, An
attempt ID now making to secure for person4 within
tho forbidden iialt4 Of relationship who havo bcpn
nAfnsd absoad legal recognition At home. The bill
has been passed 10 second reading. II 1t bceomes
law It will present curious anomaly lu practice.
Tha review OF the Administration Of President
Grant In tho current number OF the {ateracttoaat
RfTt<a has excited great iutcrcst throughout tho
county. Tie publishers claim that, although It
appeared before taH late Administration had ended.
''Is Il 10 Rutisely III harmony With the purposes
and policy ofPsesident Itayes that Is might bo sup
posed to have influenced him somewhat lu hls Views
on the Southern question aud In hIs ehu!cs ef Cab
met 1drisets." Such ablurd talk aside, there can
bs no question but that sh< asiicls has merit Thu
, 1877-03-19

work wonld bo matter Of his own choice;
but whe,1 there was a combination to prevent
my other man operating tho engines, and
thus leave tho people Of this city without
water. certainly tho rights Of half a million
Of persons must rise superior to mere quos-
tion Of wages, md tho Government would bo
sadty dcrelict TINT did not intorposo its
power to break, oven by forco, the conspir-
acy, and punish tho conspirators. It Is for.
tunate, oven at this lato day, TINT It 10
established TINT the general public have
aomo rights, and that Governments havo tho
power to enforce them whenever combina-
Nons, under the form Of trades-unions or
any other form, aro nude to obstruct, em-
barrass, or destroy tho privileges, or conven-
ionce, or interests Of the public. Such COM
binntion becomes Of necessity conspiracy
against the State, and must bemet promptly
and vigorously.
, 1877-03-19

Tho reulark often ,nasle, TINT It Is easier
to make money than to savo 1t, secn,a to be
sruo on largo as well as small scale. Tho
terrible losses suffered by the Engllsh in for
eign loans arc at once q measure Of their
great wealth anl an indictment Of their lnck
of shrawduoss iu investing 1t. The great
tlry-goodls prince who latoly died iu Now
York wm, successful beyond precedent in
making money out Of dry goods, but his rcal
cstate Investments wero almost always poor,
Tho coal md labor-sasing machinery Of tllo
English have nla'e them the richest nation
In tlse world, but tAcir losses scesn more as-
toaishing than their gains. Wl,at
tAese havo boen In tho whole range
Of stocks, from Governments to rail-
roa1, wo have no means Of knowing. In a
tablo prepared by tho Telegraph, Of London,
II Is shown that, out OF tho sIxty-soyen secari-
ties dealt III on tho London Stock Exchange,
tisure was, in 1916, decline IN tho yaluo Of
afty.aye, aud In many Of them IT was very
severe. Tho Egyptian 7 per cents Of 1863
fell 10y per cent below tho quotation at The
end Of 1876, aud the Santa Fe 7 per cents
foil 10 per cent. Tho London Eeoaomi.s
atatos TINT, In the ono year 1875, The market
value Of tho obligations Of Turkey, Egypt,
mud Peru showed q reduction Of $:i0, ,0o0. CO.,
The same journal printed table showing
that OH other Government bonds there lad
heeu it, tha sasne timo depreciation Of
*li0,oU0,NA. Hero Is q loss to tls holders
Of Government bouls Of $500, ,010, COO In
twelve luouthG, What must The foss bo
when present prlces aro compared with
those ct which tho bonds wero first
solt? ,fhesa lossos arc not mere lucta-
atlons ou tie Stock Exchange. 8lost OF
them ase final, and caused by default or re-
pudiation. Many estiu.atea have beon 1nailo
Of tho losses Of the Eng,ial. and others in de-
faulted foreign loans, but uonc TINT CON bo
considered authoritative. Que OF tho latest
Is put forth by q Mr. CnovLx, Of London, III
pamphlet. Tho total sunk by English and
fotrfgu inyestors-most OF It ly EugliYhmen
, 1877-03-19

Tho superiority Of steamships over sailing
vessels for the transportation Of occal.
freights is curious!y illustrated In tho coso Of
the English sssn1nor Spartan, which loft
Now York OIL Saturday with cargo OF
aH .o00 gallons Of refined petroleum. Hcr
destination is Java, nusl by going through
tho buez Canal s'ie will heal OF largo ship
ments OF oil on sailing vessels which started
in January ard February, Wien tho prico OF
kerosene was from ton tn fifteen cents per
gallon higher tl,an nt present. lilo SPARTA.
il the frat ocean steamer oyor loaded witt,
petroleum, and of course carries no passou-
EtrB.
, 1877-03-19

Roont Occupants.
!. CHARTER OAK LIFE Insurance DEPTH
2. To RENT.
J. JUSTIN T. WALLACE. J. T. DALE.
4. DCEHER WATCli.CAsE AAS'F-u CO.
&. RURD1S5 4 APPLETON.
9. To RENT.
7, lUE1iKER 11UTCNIfs. -.
8, WA. G. Dow. A. j. BROWN. ". ROBBINS.
Q. WRIGHT Il TTRREi.L.
10. CHATTER OAK LIFE ttoan Dept,
fl.13. FA1HCIILU 4 HLACKMAN.
l4.t3. JAMES MornAS. II. y. BRIDGE.
10. fIENily +. sEELFE. n. y. COOPER.
II. 1t. u. HARDIN.
1915. u. X. rEAnsONS 4 CO.
~. HUTCHINSON LuFF.
n. .. l.. BA9K1T Il Co.
y. ASSOCIATE EDITOR.
~. EulTOts.lN.CHfEF.
2t. MANAGING EDITOR.
a. ASSOCIATE EDITORS.
o. l.. c. EAKtE.
n. ". i. BARNEY h co.
~ WILLIAM moss.
10 II. F. EonCROss. j. 4. RtcELDQWNEY.
~. l!EDPATN LYCEUA BUREAU.
81. COMMERCIAL EDITOR.
~. v. ". DEXTER
II. GEO. L. THATCHER. a. F. STEVENSON.
Ii. NIGHT EDITOR.
80 CITY EDITOR.
on1ces In tho Building TO rrrt by ". c. DOW,
foorn i,
, 1877-03-19

Gen. 1osArtxRr, having concluded lila
mission to England satisfactorily to l,ls own
md her afaIesty's Governments, Is inproy-
Ing tho opportunity 10 bo lionizet!. Hatur-
tlny evening he loft for tho eountry-seat Of
tho Marquis Of SALISBURY, whero a tliHtin-
guiahed company of Ministers, Ambassadors,
md political lcat1crs wcro invited to moot
him; to-dny lIo dimes with tho l}ritiah
Premier; tomorrow will have an audience
with tho Queen; nnd OIL Thursday 10 leayoa
for tho Continent.
, 1877-03-19

lis put by him nt a., 700, ,00O. 600. The de-
fau1ting nations bays becn bolivia, COSTA
1stca, Ecuador, Greece, Guatemala, Honduras.
1quiqui, La HORN, Mexico, Paraguay, Peru,
San Domingo, Spain, Turkey, Uruguay, md
Vonezucla. Tho dobla, except $14, ,oo0, 600
Of Grecian bonds Issued in 1921 md 1926,
wero matlo between 1861 and 1873. The
nominal amount Of the tlofaulted bonds,
that In, the face Of tho tebts,--js over
$4,000, ,000, GOO. This Is nearly thousand
millions more than tho United States
debt at its highest point; 1t ia
moro than three times tho amount Of
the indemnify exnotei from Franco by Ger
many. It Is almost rs much rs tho I3ritisl,
national debt today. OF course, ovcry ono
sees that this appalling sum IL not at nil n
correct statement Of lossos. A great doal Of
tho money put into these dofau1tcd socuri-
tics Inns bceu returned by the oxorbitant In
terest paid. In great many cases tho bonds
were sold considerably below par. The first
Turkish loan, that Of 1854, was issued at 80;
that of 1866 at ~, nnd that Of 1874 at 10.
Besides, largo portions tho Inter loans Of
tho defaulting nations did not reach the pub.
lic ut a1l. For instance, Of tho second
Honduras mud Paraguay issues very little
WIS marketed. Tho London Tiafs criticiscs
Mr. CRorIR's figures, aud thinkd tloy shonll
be cut down considerably. A1r. Cno11E nj
lows $500, ,000, 600 margin between the
fnco Of tho bonds aud tho price
paid for them, and puts The lastef at
abont $4,000, ,00o, ,0OO The present vnlno Ia