The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1881-10-20
CONFEDERATE BONDS,
Tho Demand for them In Europc--- 80
Per Thousand for Them.
Consultation.


y short time ago it was announced
i'll tie New York papers that esvcral
bankers III Amsterdam and Frankfort
were buying confederate bonds. The
price that they offered, rs far as we eau
remember, WAS two pounds and one
shilling per ccntum, or abou. 81 - per
hundred. 1t was not understood in New
York or elsewhere what this demand
meant. although il provoked some inoui.
ry ut tat time.
\ lew days ago Mr.. H. Cnstcmnn. a
broker Of this city, advertised that he
desired TO buy Confederate bonds and
coupons. The advertisement was put in
the constitution, and WAS commented on
III financial circles, but little was know II
OF the motive that induced Mr.. Castle.
man or his principals to offer to buy.
On Yesterday Messrs Maddox & Ruckcr
received telcgraphic orders from gentle
man IN New York ordering them TO buy
All the confederate bonds and coupons
that they could get at $3.50 per thou
sand. II was stated that these bonds
must he bought nj once, and that the offer
was open for nlya few days. We have an
advertisement from another gentleman
iii New York Offering two dollars per
thousand for confederate bonds and cou-
pons. and 'ating that the advertiser
Will buy all that are offered. inquiry in
various quarters on Yesterday failed to
develop the cause Of this sudden demand
for securities that have been considered
worthless, and we are entirely in the
dark ~ 10 whether the demand is ticti-
ci0us or real, and whether the prices now
offered will be maintained for any length
ct time or lowered or increased. I'VE
confess that we can sec no possible basis
OF value for the securities, but being in
the dark we are unable to advise holders
whether to take the nominal price offer.
ed or not
The only thing that could possibly
give The bonds value rs far as we know
Is the fact that there is II large balance
iu the bank OF England belonging to the
confederate government. 1t appears
that on the first day of April, 1865, when
the coniederacy collapsed thorc WAS one
hundred and scventy-fvc thousand
pounds, or about one million dollars in
the bank of England to the credit Of the
confederate government. There was
also u large amount Of cotton in Liver
pool belonging to the confederate govern
mcnt. This cotton amounted to several
thousand bales. After the crash this
cotton mystcrously disappeared, and it
is not known to this day what bccamc of
ii. The cash belonging to tho govern
mcnt in the Bank Of England was not
withdrawn. Various reasons were. as
signed for the failure to withdraw il, one
OF which was the only person whose
signature To check would have been
honored was out Of the city of London
when the cOnicdcracy failed. and did not
return until it was too late 10 draw the
money.
About two years after the close Of the
war, the American minister, who was
we believe, lsoverdy Johnson made an
attempt to draw this money on behalf of
the American government The English
authorities held that he might draw the
!caafa;o government, bui held that if he
BOX possession Of the assets he must
assume lis liabilities He declined. of
course, to do this, and the money re.
manned in the bank. Several wears later
MIR. Kenneth Raynor, who was solicitor
OF The treasury, was sent TO London in
ah attempt TO get this money. but vas
met b. .hc English government with The
same demand, namely; that if he took
!hc assets OF the confederate government,
he must also shoulder its liabilities. 1t
Is said that Mr.. Blaine has also tried
since he was secretary Of State to get
possession OF this money, but up to date
1t remain. in the bank of England.
AS 1t has been deposited for nearly
twenty years 1t has become now n large
sum OF money, and it is probable that
the gentlemen who are engaged in buy
ms UP the confederate bonds may have
determined to get possession Of them and
then demand the money rs the bond
holders and creditors of the confederate
government. This however, is merely
suggested rs the only possible reason in
our knowledge for the sudden demand
Tor confederate bonds, and we are not
prepared TO even seriously suggest that
so Wild n scheme will he attempted. 1t
Is, said by gentleman who il a shrcwd
inancier that the visit to England of
Mr.. Davis, the 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,
mas something to do with the sudden rise
in these securities. This gentleman
thinks that lie will probably attempt to
draw the money and have il paid to the
bondholdcrs, though this seems nm in
incredible suggestion. Mr.. Raphcal J.
Moses, Jr, who is now living in New
York, has been purchasing very heavily
of Confederate bonds and coupons. we
understand, ut about the rate OF $500 a
thousand If there are any develop.
ments in this sudden and unexpected
speculation we shall most assurediy see
that our reader, get the information in
time to search the hooks and crannics of
their homes for the old bonds on which
they staked so much and sell them at the
highest market price. In the meantime
1t may be the afcst TO take 50 pcr thou
sand and realize even that nominal
amount.
Inc Demand for Confederate Money Gre
ntes " Sensation In Griffin. GcorGin.
GRIFFIN, October 12.-Griffin has
always been Oh the alert for sensations.
Not that We crave them, or that we lack
that amount of solidity necessary to
make us have a distatc for those
thinSs that do not appear dgni.
lied or are out of the usual order. but n
peculiar fate has decrecd that we must
DC continually kicking up stir. don't
KNOW how 1t all comes about, but never
ihelcss it is truc. Not being satisfied
with being heraldcd all over the land ms
the only town with backbone enough to
stone Uncle Toms Cabin with ancient
hen fruit, we now appear once moro with
inl! fiedged millionaire That sounds
pretty big for small sized Georgia
town, but it is no less fact for all that
The Constitution of yesterday contained
the details Of the newest craze and
demand for confederate bonds. and this
is how | am enabled to bring into notice