Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1881-10-27
Demand for Confederate Bonds,

excited public attention and occasioncd a
great deal of wild speculation as to tho
motives of those who are ADVERTISING
Tor the securities of the defunct govern.
mcnt.
Several newspapers have attempted Is
explain The enigma, but without any ycry
clear idea upon the subject. 1t is claimed
that the only. tlIing that could possibly
give the bonds value, is the fact that thcro
lsa large balance in the Bank of England
belonging to the Confederate Government.
!. appears that on the first day of April,
1870, when the Confederocy collapsed.
there was Que hundred aud seventy 6ye
thousand pounds, or one million dollars, in
the Bank of Eng land to the credit of tho
Confederate Government. There was also
large amount Ut cotton in Liverpool be-
longing to the Confederate Government.
Jnls cotton amounted to several thousand
oales After the crash this cotton mys.
te''ousIy disappeared, and it is not known
70 TINS day Whut became Of it, The cash
belonging TO The Government in the Bank.
OF England was not withdrawn. Various
reasons were assigned for tho failure to
w'thdiaw it, ono of which was that the
only person whose signature would havo
occn honored was out of the city of Lon.
con when the Confcderacy failed, and did
not cturn uctil it was too late to draw tho
| money.
Three attempts have bcon made by the
United States Treasury Department to get
Inc money, but without avail, the English
Government holding that if the American
Government claimed the assets, it must
also be responsible for tie liabilities of the
Confcdcracy.
1t is probable that the gentlemen who.
are engaged in buying up the Confederate
bonds may have determined to get posses.
sion of them and then demand the money
as the bondho!ders and creditors of tho
Confederate Government It is eaid that
the visit to England of Mr.. Davis, tho
first and only President of the Confederate
States and the person probably authorized.
If any living man is, to draw the money Of
the Government, has something to do with
tho sudden rise in these securities. This
gentleman tbiuks that ho will probably
attempt to d.aw the money and have it
paid to tho bondholdcrs
The money has been depositcd for
nearly twenty years aud uoH amounts to q.
very large sum, but as the total debt Of the
Confcdcracy in 1864 was $3.50, 100000,
alizc very ssnisa|i If 6uGaagSSn uEGagSnna deposit could
mcnts
A New York broker udvcrtscs his wish
70 buy Sl,000,O0O Of Confederate bonds,
and expresses his willingness to pay for,
them at the rate of Of per cent. In on
interview he said: 81 have already pur-
chased more than 100000 and hnvo
advertised for 100000 more. I am buy
ing them in accordance with orders from
correspondents abroad" Inquiries among
other brokers show that there are several Of
them engaged in buying these bonds at
about the above figures.
The death Of Governor Wilt, of Louisia
ana, was caused by consumption. Al
though he was only 3S years Of ago, he
filed The highest and most responsible po-
sitions within the gift of the people Of
that city and State. lie was born in New
| Orleans in 1913, aud was educated in tho
public schools of that city. At the ago of
IL he went into counting room, and on
he failure Of his employers he procured
situation in the Office of the clerk Of one Of
tho local courts lie went into tho war a
private soldier and came out captain. In
1865 he was elected to the Legislature, and
in 1869 was the Democratic candidate for
mayor of New Orleans. 1t was claimed
that be received a majority of tho votes
cast at the election, but he was not pers
mittcd to enter upon the duties Of the Office.
Two years afterwards he was elected mayor
and took his seat. At tho expiration of
his term he was again elected to the Lcgis~
aturc and was elected Speaker of the
House by the Democrats, but the organzar
ton was broken up by tho interference of
the military, and under the provisions of
the Wheeler compromise tho Office of
Speaker was given to another He was
elected Lieutenant Governor in 1876 and
| Governor in 1879.
Jeff Davis is very near the truth when
he says: "Peopc want news and informa-
iion, and wan it in paragraphs. They will
hardly stand much more than a paragraph
of editorial, and rebel against anything liko
an essay. Newspaper readers demand their
ncws prepared for them in attractive form,
stripped of the husks, 80 that it may be
taken easily and assimilatcd readily. 1t
may be necessary to give great deal on
ono subject, but the longest article must bo
what is left after the old thing has been
boiled down. The journalist who knows
his business boils down as he writes. The
day of the pondcrous leader is over. In,
the best American newspaper Offices, tho
longest editorial article must have dash and
spirit. and justify themselves in subject
| and trcatmcnt or tho suncryisinp non