Louisiana capitolian. (Baton Rouge, La.) 1879-1881, 1881-03-22
ENGLISH CAPITAL, AND THE
sOUTHERNPL
A Bona Eide Tender Of Money TO the
Planter at Bank Rates.

tain British capitalists propose 10
loan to the planting community OF
the South large amount of money
at 8 per cent per annnm, the writer
yesterday had another talk with the
gentleman from whom the informa-
ton is derived, and was authorized
by him to say, that Messrs. shattuck
a. Hoffman, are the custodians OF the
large amount of British capital which
they hold for this purpose and that
they alone are authorized to make
negotiations, such as have been sub
stantially indicated in the States AZ
ticle published on Thursday.
He regrets, that even incidentally,
he has been brought into prominence
in financial measure which he was
MAINLY INSTRUMENTAL IN ACCOM-
pLIsHING,
aud reiterates the assertion heretofore
specifically made, that excepting in
entertaining sincere desire to afford
the agriculturists of the South the
uuquestionable advantages of cheap
money, he has no interest whatever
in the matter.
An evening contemporary, which,
in the vernacular, was cleft" upon
what this community knows to be the
most important item ofnews that has
been published in this city in several
months, undertakes to view with in
crcdulity, what is destined to prove
one of the most substantial facts that
has occurred in this city in n score
ofyears, and in justice to u venera-
bic and extremely useful citizen, who
for term of years much longer than
the average life time, has demonstra-
ted his patriotism, the emphatic state
ment can be made that there do exist
in the South men prompted by
MOTIVES THAT AREPURELY DIslNTER-
The assertion may sound some
what hazardous in view OF the expe-
rience of an ordinarily close observer
and particularly in view of the expe-
rience of the contemporary referred to,
but the proposition is susceptible of
proof, and may at some future time
be clearly demonstrated.
A little greater familiarity with the
fact that in these days of cablegrams,
when the business of the entire world
can be conducted with check, CAPT
talists are not in the habit of trans
hitting barrels of sovereigns over
tempestuous seas, will convince any
intelligent person that when the state
ment is male that money is here, 1t
means that the credit is here, and
could, if necessary, manifest itself in
bullion in the course OF very few
hours.
Those interested can very readily
ASCERTAIN By OCULAR DEMoNSTRA-
that there is a large sum of money
here for the purpose specifically indl-
Gated, and although the States has had
no communication whatever with the
firm to which reference is made. il
does not hesitate to make the an
nouncement upon the authority given
In this connection it will be inter,
esting to know that this importantso.
luton of q problem which has attrac.
ted attention for years, is the result
of several months correspondence
which did not originate upon this side
of the Atlantic, but emanated from
the large capitalists concerned wh'
have
MONEY TO LEND
and who, like other capitalists, ar
constantly seeking remunerative in
vestments.
They appealed to gentleman
whose long experience, strict integ
rity and extensive acquaintance wit
the most prominent planters of tn
Southwest fitted him to give advice.
His suggestions in the premises evi
IDENTIFY attracted a good deal of atten
ton, for the experiments being tried
1t is, perhaps, candid to state that
as yet, this is an experiment whic
will probably not be adopted in sue
proportions as may anticipated, unit
it has stood the only test known t
tinanciers,
.rrr. ~ ~