The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-11-03
CoNFEpERArE. BoSDs-ou1te STIR ha

CONFEDERATE BoNDs.-Qu1te STIR has
week upon the subject of Co Moderate bonds
For a month past there have been offers to
purchase them at from 81 to So for a 81 600
bond. Many were disposed of at those fig
ures, but on Saturday last boom was created
by an order for 100000 received by Mr.
Thos. As Bledsoe, cashier of the National Val
ley Bank In few hours the bonds went up
to SIS, and there was a general Stirring arou nd
and,looking mp ofthe old securities On Sat
urday, Mr.. David. S. Young received tele-
gram quoting the bonds at So and since
then we have heard of them beng sold as high
as $1,000. a's'4if4''4 4''''i4' ''
There is yet large amount of these Con-
tolerate obligations in this section. A Single
party, we learn, holds 100000, and several
others have as much as $4,000, whilst there
are scores owning from S., 900 to 900
This sudden demand for these supposed
worthless securities is said to be occasoned
by the fact that when the Confederate Govern
ment ceased to exist there were to its credit
in the Band Of Engla nd 81 100000 in gold
Upon this sum til e interest has been accumu-
latng since 1865. The Government OF the
| United States directly after the close of the
| was, and several times since, made demand
for the treasure. Eng lands response was that
she was willing to pay the money to the Uni
ted States as the executor of the Government
ofthe Confederate States, but in doing so the
United States would have to assume the obi
cations of the dead Confederacy. AS matter
| of course these terms were not acceded to, and
| the money still continued to accumulate inter
est.
The coupons attached to the Confederate
bonds, and payable'annually, are supposed to
be valid offsets against the Confederate depos-
| it in the Bank Of England. The money stands
on the books to the credit of the Confederate
States, and the coupons are the lawful and
due obligations of that government. The
bonds themselves are not due until 1891, and
! consequently only the coupons are thought to
beIof any value. How long this boom will
last is not known, but it is not supposed that
it will require much longer to secure enough
to absorb the whole English fund, provided
it can be reached at ALL. To the owners of
| these bonds we advise an early saleas it is not
probable that another opportunity will eyer be
offered to dispose of them advantageously.l
In this connection we publish the following
views of distinguished lawyer on the sub
ject: Gen. Roger A. Pryor was asked, on
Thursday last what was his opinion concern
ing the. present boom in Confederate bonds,
Gen. Pryor read several newspaper slips,
Which the reporter showed him, containing
accounts of speculation in these bonds, and
impatently handed them back
"When will. Confederate bonds be re.
deemed 2" uHiltfsi
"Never The South will never pay penny of
that debt.p a.is htag aistarq - Ept1e'r 'air
There is a BELIEF said the reporter ssthat
there is money in the Bank of England placed
there by the Confederate government, which
can be obtained IN payment Of the bonds"
''''''The property of the Confederacy," said
Pryor. now belongs to the Union The
South had money there, but the United
States instituted suits, and think recovered
tall zit-4lA9Itz ssagA4Hfn tsi44e istiisiu 4
''What do you think is thetruc inwardness
of this bond moycment?p
Gen. Pryor looked at the new spaper clip
pings again, and said, at seems to me that
this clause referring to the registration fee of
one shilling on each $500 worth OF bonds ex-
plains the real inwardness satisfactorily. 1t is
merely gambling. Most men are willing to
risk dollar to make two These investors
think at some time the bonds will be saleable
at something more than they are now paying
Tor them, but they are mistaken They never
will be worth anything unless they sell as Gu
riosties. The value qfthe Confederate bonds is
nothing"
& g ss4--. -----1... "a - l--L - L--- ss. mean
izs Gen. Nathan Golf and Senator j. N. Cam
den, Of West Virginia. arrived ID Staunton
Tuesday. evening, and took rooms at the Vir-
ginia Hotela .Theyleff on Wednesday morn