, 1879-02-22
SOUTHERN PURPOSES.
Balefnl Effects Of Dishonesty in the
South.--Tennessco Railroad Bonds
--Charterless Memphis.
OF the Confederates to
Make the North Pay for the
War, or Have Revenge.
AS Much Rebel Feeling as Ever
in the Soutll---1;xtrn Ses-
sion OF Congress-.

Chrrt.pondtnee ef ths philadelphia Pres.
Nrw YoRK, Feb. 10.-Amongsl The nbic and
ofi-trnvcIing men Of business In this country is
one whom would like TO mention, but PROM
lscd not to quote, except anonymously. The IN
tcrnal facts ut this conversation may substan-
tiatc That their authorship ia informed lnll-
vaual, at least, and not N obscure one. Said
to this gentleman:
~ was told last night TINT largo amounts Of
capital luyc bccn going to Gcnr9Ia and kotnc
other part. Of tho South for Investment; IL IL
trucin
Mt IL not true. am Us much IN tic South
as anybody, aud rs well acquainted with iinnn-
csat a(lairs, md money Is very shy Of It, Tile
manifest majority uf the reputation nhl dis
honest element in nearly all those statcs fright.
ems capital. It Is only uow that they arc sIiow-
Ing that disposition right out, and, Of course,
capital Is more aIurmcd than eTeF."
aWhat do you think OF the suits brought 10
Tcnnessce agntnst nearly all the railroads there
for regulating their bonded dcbti'
IL think those suits Will stand. know that
tho doctrine OF eubroxatton Ia set up, a,,l It is
made to appear that the holders Of those bonds
took their chances on State bonae, ard not on
ihc railroad property. The facts Of thu case
Will not WARRANT t!,nt view. There Ia ono rail-
road In Western Tonnessee which tho Illinois
Central now CONTROLS. They put q mortgaEe Of
el,sv ~ sson mn n stnte hnn.,s 1io vn,
n,, ~ .av t"i inv tan naka ertpono fila
t.,nt, md then tie railroad nut be responsible
for III That mud the other Of these new bonds
WeIS ssuou t t"oSs ansontsS II /. rtrarv n III
tat t,ms " net,nio srHnt1 inv nav ra,IrnnG
bOn,l in 1876, and then bo told tint it Is void,
becnllec tile atnts i,ud lien th 1855"
,, MtsAs S.us ',i 1 - ~ Tiro m ,,nr chor,ar nnj
atloWe he'@po .as ,ro5itnr. -, "'t '''u
s'Eo III vii % continue tlsc effects Of the yellow
.e.sl ", ~ .,t ~. Nav nrinnns T. r,htraro
aus uusss.'NNt Nnnonv nm, IL rnmy ~ ,nnva tts .hnns
.Gti u ~. iip,ri,s ~ r." i.tc ,n,,n,cira1atvp r.
Wn. ~ i, nr'sr to avoid suxes an dfssrsint
~ u,ne ~ n ti,a oneu 1r,n,rv MR. a. .nto
anu bet tneW w ~ "''e oPsA >"""'''' ~ oo"'o
ol9el pns. l., ,,.,,,,. s.,1, uv,,, t.r,,x
& ~ ,,, S no,sican n n not mt u "rritc1
at a.n no rar fnr @ .n1, "u mot t9 ~, a, y;
I'M nsso n.e, .s ~ ~ ~" Hnn r HovorI ,ccn,hr
eun xt I Iroaidnnt imf or ,1,,cj ~ rnann.t nn
HSa ovo ill., doat haE @ cuud fo
Ply IVY no'i5 II nj syerI III. fn'tc,nnhanrn ~
nm ~ Souiu .ut ~ .,,s ~ ,,,.,t a, ,,.s,ea
my Gtseteu na,, ~ " onw npHn: nav ~ .,st
put mn 70 ueasnt y uJ pNe' tan nn. = n,asI tsI
lnriy, IL ae stonu i;na,, ~ ILL., na.a, !, aopa onSu'o
may " on ~ ncpno,s,iIn n, 81 ''eh''
ey nave tWo snIgs H. as e;eaty n! H., H. s1cW 10
ane ontn - t! n. yt XIII. raar,, ,
hTst j. 70 aessop Me ~ o,.ta e.a5 1otfs tf aha
the ~. ~ ~. ~ ~ ,,;;,,. H. ms Ky
MeH o. aeg. " svr .uo ~, .,,. ~ 49, ~ &
whcc, .e sEat!elnSts 1; n1eam ~ aSe ms H., .,o'M
pay Jof Me uar, ciItg5 IT. a t., " ''sI! "
IN iosses ou.autueS as 4AsS WAY e''''es soA'en'
eAs'oi ~ IL H., S+,,o-r t,;.,I,s ,,.o,uo,t,p
hcaf!y az. ne Lou,s1e w. Ge; 81 "sent sou.a' .na,
ert y ~ Eomu .hape' 70 - Wy acnfGa CSn.sa..
Wudieis'l, lfosioeht ol Lne HcolGia NoaG. ~ 2
Nostef a LONE reSInens 4 rme Luz SI ,v.n nn.