The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-11-08
confederate Bond Excisemsnt.

confederate BON" So,
TIC "a S. Abel d Co.. Publishers Bd'f'-
ret - ...d with interest the dispatch
] hs or washington correspondent, IN
BON .~Ssserdays number, on the spceula.
ycaI - confederate bonds ana inc lsrge
hioa, ~ :, money which belonged to the tate
sr'u's .rale states now IN the oank OF
O'nieSaJd1' i, may he OF interest to the
Eas..S.'1 Of your paper TO know that
rsN -, possibly he at this time any
iAT' ,.rb;rh once belonged to the Con-
noael s,,,es in that bank. Immediately
ifdoTs.,s. coyernmcnt OF the Confederate
Ser u,..se1 70 exist, commencing in about
SriH Tniied states began series 81
1870 ',n,..inst the different agents OF the
sciioh, - states in English courts 10 re-
C'a.cll,n'f;,s moneys and other property in
co'G - ~ such agents. The leading
Dc pD'.S',,, these actions was the United
c'S S Warner. reported in 3 Law Re-
Sifie' I'm cases, )72f, in which the United
poIt', al a lill agsinft the Liverpool
49, Frazer, Trenholm q Co., - agents
nTr~oslsnd 81 "the rebcllious political or
u hs.s,;on under the style OF the Govern
amin the confederate States OF America"
pen ~, " rmrposc 81 recovering rs State pro-
ioI y. u ne United States certain ships,
Pte and other goods, held as public pro-
ot ~ the Confederate states during the
l"N.i.ollion. and by them consigned 10
hf ,.,.,dants rs agents for the custody
ih' s'.,,s,,oment OF their finances and pub
sne .--rlr,,, in England. This billwaS dis
EP an demurrer by Sir w. Page
- Y C., on the ground that the suit
Nvt. - have been brought in the name OF
e'ss s.cr nj The United States who couldbe
Z. rarty 10 n cross hill, but his deci-
~ vss reversed by the lord chancellor
' - CONT Of Appeals III chancery, in
80, fSG-. reported in : chancery APP
a.. So in which LORD CarnS, l.. 81,
VI, III is admitted that upon the
Element in the hin the property claimed
/. le suit belongs 10 the United States"
This va. followed by the case OF the
rsfed states as. McRae, June 10, 1861,
...ror,ed in 4 L. r., (E. CD 526, in which
~ Tni,ed STATES fled bill against McRae,
-.;mire the money and goods remaining
\. M hands OF McRae, aS agent Of the
c,,ic,leratc Government after its diSsolu-
,,r The same ease is reported on appeal
AL. r.. Chan. Appeal Cases,) rs, where
Il. decision Of the court below was re-
..-,sl and again reported in l.. r.,
n ~ 90: and in all the arguments Of
Cqn.eL. among whom were Sir ROUNDED
palmer and Mr.. Benjamin, in the decisions
sffc count below by Sir W. Page Wood
,oi Sir ". VI. James, and in the court
,feye Iy Lord Chancellor Chelmiord and
Tord Cairns, il is admitted as lmdisputed
Lv th1tthe United States succeeded to all
,be ri.bts Il property OF the Confederate
So. no matter where that property
right De situated.
{i-a-Chancellor Sir ". NJ James in 8
R.T.C..) -. states the rule thus: 81
,rrrphend il to bc the clear, public, uni
,srSql law that any government which de
Hrio succeeds TO any other government,
Fbdhcr by revolution or restoration, con-
rsesf or rec0nqucSt, succeeds to all the
f9Nie propcrty-tO everything in the
nature Of public property-and To all rights
b respect OF public property Of the dis
rlsced power. whateyer may be the nature
or origin Of the title OF such displaced
rover" This is the settled, uudiSputed
hw u England. Therefore, there cannot
h Al thi, time any money IN England
which once belonged 10 the Confederate
states. ior all such money has been re-
covered bv the United States long since,
ud am bOndholdcr who expects to get
ANYTHING from the Bank OF England, or any
where else, for his bond will be disappolnt-
I'd. b. Y. j.
BALTIMORE, November 3, 1881.