Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1881-11-02
sCRIP.

The recently inauRuratsd demand for
the bonds OF the defunct Southern Con-
fsderacy still continues. and isa source
Of much surprise and discussion. Why
anybody should desire to buy up that
scrip. which, since the war. has been
considered absolutely worthless, is .
secret apparently only known and well
retained BY the insiders. Yet. 1t 10
publicly known fact that these bonds
have been and still are being bought up
at from two to Ave dollars and ' ten
dollars per thousand. New York tsls-
gram states that the latter figure vss
paid for them in that city only day be-
fore yesterday. The principal and most
plausible explanation for this sudden
and strange demand for those Confsd'
crate promises to pay Is. that when the
Coafsdsracy collapsed and the war was
ended. there was On deposit in the Bank
OF England to the credit Of the Confsd-
sracy some millions Of dollars In coin.
This the Enelish governments has Asld
a. security for the liabilities Of the Con.
fsdsracy. refusing to give IL mp to the
United States whsn demanded.
II. a. stated. the object In buying up
these scattered bonds Is to thus assume
the liabilities Of the dsfunct Confedsrscy
and then present them in q demand for
that money in the Bank Of England. 1t
10 . decidedly poor financial proposition
to pay such prices for them. They will
cost more than could be realized even 10
the Aforesaid transaction could be effect
ed. The San Francisco Cal. in an sdi-
torial on the subject. says:
II the entire Confederate debt could
be collected and sold for two.tenths Of
one per cent. Of its face value. the pur-
chase money would run up into the mil.
lions. Bot II is beyond doubt that
there was. and still 10. . demand for
Confederate bonds ct from ~ 10 % 80
per $1,000. II an election had been
pending in the United States. the move
msnt might have been attributed 10 .
desire TO awaken an apprehension In the
North that the success Of the Democrats
would tend to an assumption OF the
Confederate debt. The Democrats might
point 10 the fact that such o policy would
be clearly unconstitutional: but the sim
pie fact that the debt was ass summing .
valuo on the eve OF an election. might
be accepted In some quarters a. sui
ficient evidence that such designs were
entertained by Southern leaders. But
no general election 10 pending. and
there IL NO single Southern State which
has given . remote indication Of o pur-
pose or desire to assume any portion oil
the immense debt Of the defunct Gen.
fsdsracy. 1t was urged. with some show
Of plausibility. that the purchases OF
Confederate bonds were being made with
view to getting hold Of q sum In gold
lying in the Bank of England. and vari-
ously estimated at from $500, 600 to
81. 900. 900. But u this sun could bs
distributed to holders Of Confederate
bonds, Il conld only DO done pro rata.
and Il 10 certainly . SMALL basis on which
10 establish Q value Of even % On $1,000
Of the AMOUNT Of Confederate bonds
that could probably be scrspsd together.
Meanwhile the Southern people are
Tuansging their old trunks and closets.
hunting up long forgotten stacks and
rolls Of the defunct scrip. sending II to
market and making unexpected hay
while this strange ft OF sunshine lasts.
The 0onfsderacy printed these promises
to pay by the wagon load. and dis.
tributed them with . generous hand.
Everybody had . perfect ~afiusnss Of it.
1t was almost v plenty as wildcat min
ing stocks have been since that time IN
the Pacific coast. A great deal Of II has
been destroyed or lest. but there are
still numerous millions Of it In exist
sncs. The present movement and pur-
chasing demand for IL have called the at
tention Of the government at Washing
ton afresh to the matter. more especially
induced by the fact that influential par.
ties have recently made application at
the Treasury Department. desiring to
make contracts to collect fer the govern
ment that Aforesaid balance In the Bank
OF England. A Washington telegram
Of yesterday gives the following adj.
tional points regarding that coveted coin
deposit:
Il II now said that this money was de-
posted 10 some manner and controlled
by Ave trustees. Who now collect interest
annually. and that JEFF. Davis and Judah
p. Benjamin are two OF these trustees.
II is with the hope Of getting this money
that English capitalists are buying Con.
fsderate bonds, and that Benjamin has
been retained by their capitalists % their
lawyer. and hs thinks he can recover the
money in payment Of Confederate bonds.
Solicitor kaynor OF the Treasury intends
to call the British governments attsn-
ton 10 the money. with q view Of 70.
covering II for the United States govern
ment.
The latest and most novel phase Of
"Boycotting' has just been exempliHed
in n parish MAR Mallov. in thu County