Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1881-10-27
BISE I'm COyFEDERArE BONDS,
wilt 1t Al. Means and How 1t is Pro-
Mbly Accounted For - Various
9onjectures Upon Remarka-
BILE Stirring of Dry Bones.

TaoiYeCtures upon heInaTka.
Y BILE Stirring of Dry Bones.
#ithin a week there has been q
stI1ge and unlocked for demand for
Cohsderate States bonds in the Lon
dog stock market, and they have
bed taken in large quantities for
Amsterdam at 6 Q l0s. sterling OF
$lIfor each bond OF :el00. The
boals in demand are OF a series
kndRn as the Startling loan, Of which
co&derable quantities were placed
in yngland during the existence ol
the9sars Confederate States. This
movement in these obsolete and ap'
parently worthless securities caused
some. inquiry for them in this city, it
is supposed for foreign account, but
we have heard of no transactions in
them here.
What can have caused this de.
mand for Confederate paper so long
considered valueless save to the junk
dealer or curiosity monger, does not
clearly appear. 1t is alleged in e1-
planaiion of thes!event by some ol
the Riseacres, that this is a trick Of
the slalwarts to lay the foundation
for fresh prejudice against the
sontR bern people, by giving out re-
port packed by an actual demand for
the onds themselves that move
menA was on. foot to saddle the Con-
feded esdebt on the country and Sc
cure, full payment by the people
Of I. Unitetrstates. This conjec,
tur{Itppears, however, too absurd
and nreasonsble to merit any notice
what Ever, while a gentleman who is
consi lered authority in matters Of
fnanRe believes the movement to be
an eAort to break down the market
for American securities in Europe sc
that Bhey may be bought up and sent
back Seplace of the gold which Eu-
rope 3 forced to pour into this coun'
try 4 p cotton, provisions and bread
stufsp This flow of gold from Eu'
rope 70 this country is as inevitable
as it j. dreaded by the foreign fnan'
ciers. and they are resorting to every
expe&ent to avoid, or at least reduce
the q Ii. American credit is so solic
and unaffected by the change o
Pres nts, that there has been ne
decliS American securities II
- 51z-sSs+ee Is se.'.HUt ~ - TV1s. .'S
out "a that the entire confede
rate ebt was to be assumed by Thu
Cove ment, it might be possible tt
prod some sort ol break 80 tha
it wouf d pay to send back our bond
and stocks IN place of gold.
There, is also another story to the
effect th at large sum Of gold, tn
property of the late Confederacy, ha
Just been discovered on deposit il
London, and that its discoverers hav
been tuying up bonds SO as to hav
the basis for a claim for this gold
This story is probably more unreas
enable than the others.
At any rate, whatever may be tn
true explanation Of the announce
ment, it is certain it has attracted
little or no attention in political cir
cles, ard has not produced the faint
est ripple in. financial affairs. Tn
Southern people do not indulge tn
slightest ! drea M that the Confederate
debt will ever be paid by anybody
They have, to very great extent
thrown away as worthless, or other
wise lost possession Of their Confede
rate bonds, andstheyscertainIy hav
no desire to increase the bu,den o
taxation to pay them to strangers
even if such thing were possible
which it is not, while the. ;people 0
the Northern States are in such al
enormous majority, Without doub
the Confederate bonds are thorough,
worthless, in spite Of all efforts t
give them a momentary and fictitiou
valne.