Savannah morning news. [volume] (Savannah) 1868-1887, 1881-11-11
CONFEDERATE BOND BUYERS.
Their Speculative scheme Revealed
by a correspondence Singular
Syndicate.

The following explana ION Of the recent
mysterious purchases of Confederate bonds
on large scale is offered by Washington
correspondent OF the Minneapolis Tribune,
who guarantees its authenticity:
a syndicate Of capitalists, associated with
outside adventures, has been formed, with
members residing in New York, London,
Philadelphia, Washington and New Orleans
some of whose names could be made public
even at this early day, to work up the fol-
lowing scheme: They propose to buy up
all the Confederate bonds that can be had at
a nominal price, snd wherever they find
large amounts held by responsible parties at
the South, who will not sell them
for a trife, the latter will be taken
into the syndicate, so as to prevent
the bonds they hold from being thrown
upon the market at a time which might
Illustrate the plans Of the syndicate. 1t was
the hope and expectation or hose who or
ganized the movement that they would be
sble to make their purchases and carry out
their plans so quietly as to prevent all pub
lie knowledge that a large amount OF the
bonds had changed hands. The second step
IN their programme is to organize an egita-
tiOn a. the South, with whatever Of co Oper-
alton can be hal at the North, IN favor OF
having the United States Government take
eracy at some fixed minimum ratio Of their
face, probably 10 % 20 per cent. It is be-
lieved By The schemers that at least during
the next five years advantage can be taken
Of a restored feeling Of comfy and good will
between North aud South, to spring this
question With q reasonable certainty of its
obtaining wide favor. But they do not necf s.
ssrilg contemplate success ia actually secur
ing favorable legisla ion their real plan being
hs ST INN "a he #
ne bonds, and then unload on the outside
speculative world at an enormous profit be
fore the bubble bursts. a principal spoke
in the wheel is q plan to haVe 4 resolution
favorable to their purposes introduced in
Congress by some member pecuniarilY in
terested in the movement. Much confidence
Is felt by the syndicate that on the streng h
Of the agitation in this country, reinforced
abroad by the strong personal interest Of
the present English holders OF the Co..
fedeTate securities, an active movement
can be started in London and the
other financial centres Of Europe, where
The public opinion OF America IS little un
ierstOOd, and hence, where decep ion on
large scale can be more easily practised.
Those familiar with the course of a cerrain
class of Congress men during the past ten
years will readily understand that no dill
Guilty would be experienced in inducing q
cor siderable number to join in the pending
scheme for division of the profits. Wall
street has already learned this fact thor
Oughly and the knowing ones can readily
detect the animus of resolutions and bills
Introduced IN the lover house relating TO
| railway and telegraph corporations over
which the General Government has any d.
/ rect ar indirect control. at every recent
| session Of Congress stock iObbirg resolutions
/ and committee feuOTts have been presented
/ IN the lower house with a cole view To affect
frg the price OF certain stocks On the New
/ York Exchange, and the Confederate bond
| swiudlers rely largely upOu this agency 70
carry out their plot and fleece their victims
/ in this country and Europe The Secret
! Service Bureau of the Gni,ed { ates Tressu
| rs has already been put on the track of this
| movement, aud the publicity now given 10
] IT'S purposes and proposed methods may go
very far to explode the scheme, in which
case q number of capitalists viii have on
hand for use a. souvenirs rare collection
Of dingy and odOrous Confederate shinplas-
Ucrs.