The Newtown bee., 1879-03-18

bury, accompanied by the writer of this \ there placing him, lthe bankruptl at his ! own expense upon the limits where lie contrised to maintain him, until his | estate was properly adjudicatod upon ! It yielded nothing for him or the other creditors, but tho lntters persecution 1 und remorselesS measures to compel an impossibility. realized, in truth the words of the eimmortalScotch poet Burns
 Man lnhumanty to man.
 Makes countless thousands mourn.'.
 Iii our times Bank officers, Trustees of Savings Banks and other officials, betray their sacred trusts, and yetonly in the most 1 fragrant eases, when public opinion is thoroughly aroused, is any punishment ] Inflicted, yet their crimes ale but little 1 greater than those committed ny tho open
 and unscrupulouS repudiator, who Shirks l from his honest duties because he knows l that there is no law existing which can compel the enforcement of payment of
 either principal or interest, of municipal
 bonds, however legally issued, making
 our country appear i'll the eyes of all Eu- l rope. IS nation of swlndlers, that Is totally unworthy of trust or credit. It is l nighttime that proper laws were passed 1 for the protection of those who invest
 their hard-earned savings in these nlunic- 1 Ipal evidences or debt, or tho evil will
 spread until there will be few of these ss-
 curities which will worth the paper on
 which they are printed.
 Some thirty years ago, Mir. James Hol-
 ford of Holford House, Regents Park,
 London, a wealthy banker, visited this
 country to look after his American in-
 vestments. Among these were one million of dollars in the State bonds Of Arkansas
 which by an act of it's Legislature had
 been repudated worthless. The old gentle
 man (who looked more like an English
 nobleman of the highest rank than a
 merchant) thought that he could by visit
 ing the State when that body was in sess sion, induce it to rescind tho act, or, at
 least, come to some amieable arrange ment by which to establish the validity of the bonds, he was received, however,
 as he approached the entrance to the Capitol by roughs and roudys with jeers and insults, yet he invited the members of both Houses of the Legislature to
 come to London during the then ap- Eproaching exposition, and with their fdm-
 ilies make Holford House their residence during their stay in the great metropolis,
 the mansion was of palatial size, and
 there would have been ample room for the whole of them, but they did not ac- cept the invitation, or there is no saying
 what results might not have flown from the poor cheer which would have been [. profusely lavished upon them.
 t His mission proving unsuccessful, his :. confidence was so shaken with regard to ; the safety of American stocks generally = that he ceased making further invest , ments i'll them, satisfied no doubt that . though English Consols did not yield SC , large an interest as he had been accus
 toned to receive ill those securities or
 this side of the Atlantic that did pay thu . principal at least was safe.
 D It was reported at the time of his deatf thlt he had bequeathed his large forum,
 -ArkansaS bonds includcd--to the Prime, , of Wales, but there was no foundation '- for the rumor; he was a bachelor, but i c was bestowed upon favorite nephew Il who accompanied him in his visit to Lit
 tie Rock aforesaid, which was one (con k sidcring his reception there) that Wal z not calculated to impress the young mil e lionaire very favorably with the value o c his expected inheritance. C.