The Republican journal., 1883-08-09

appears that syndicate of English and Cont
mental bankers have been formed for collecting
and deposiing these bonds with safe deposit
company, giving receipts therefor to the own
crs; and they threaten that if the South does
not pay up to destroy the credit of the South
ern States in Europe. This matchmaking syn
dictate has Il lord and two members of Parla-
ment rs tigure-htads but its threats will prove
as futile as its scheme is foolish. The Confed-
crate bonds are on their face due and payable
only in Il stated number of years after the de-
claratlon of peace between the Confederacy
and the United States-an event which has not
yet happened and will never happen. The four
teenth amendment to the constitution declares
that 'nether the United States aor any state
shall assume or pay any debt or obligation in
cured in aid Of instruction or rebellion
against the United States OF any claim for the
loss or emancipation of any slave; but all such
debts. obligations or claims shall be held illegal
and void" This, says the Herald, ought to be
conclusive TO every human being except Eng
lishmen ana idiots.
There i, however, another version of the mat
ter. \ banker who pcrtends to know the secret
of the Confederate bond movement in Europe
says it is this:
The reports of the treasury agents of the
United States some time after the close of the
rebellion showed that there were deposited in
the Bank Of England, in banks in France, l1ol-
land and Belgium. money aggregatng S1l ,000,-
900 belonging TO the Confederate Government,
the proceeds of the sale of cotton. This money
was pledged to pay the interest on the Confed-
crate loan. The january interest of 1860 was
pad, and money was Set apart to pay the cou-
pon> for the July interest when the rebellion
collapsed. The European syndicate of bankers
is seeking to obtain all the Confederate bonds
for tile purpose only of collecting the July
iNto, coupons with the accommodating interest
resulting from non-payment The talk about
| attempting to boycott the Southern States. or
TO collect the principal of the bonds, any III
tcrc>t coupons after that month, July 1868, is
nonsense, but the syndicate has good legal
advice that the money set apart for a specific
purpose. namely the payment of the july cou-
pon>, must be paid on the presentation of that
coupon, and If you will inquire you will OBJ
serve that all the brokers to purchase the Con-
fcderate bonds specify that they must contain
the July coupons and must not be mutiated
y bond presented without the July coupon
would not hc purchased, and that is all there is
iii the Confederate bond story. The European
syndicate intends to secure if il can. these eleven
millions Of dollars money to the credit of the
Confederate State Government in European
banks, and it proposes TO do this i'll the only
way That it possibly can, if il can do it in that
| way. by presenting these coupons for payment.
If the syndicate does not succeed the European
banks will he S1l 600, 900 ahead, as there is no
doubt that amount of cash to the credit of the
Confederate States is deposited there. 1t is a
fact that the report presented TO the Treasury
Department some time after the war is to the
Confederate assets in Europe contained the
item Of Sll 900 900 cash.
If fI,i. ,,,r.,- ,>-iy4, ,.I;,,l, ,L,,o ,a,,,,
doubt, it belongs to the 'nited States. But the
fact Is. the Confederate funds outside of the
! country We're in the hands of agents and most
Of them appropriated the money to their own
use when the war ended. In one instance n
Confederate agent was known to have di>burs-
ed the funds in hi> possession to Confederate
officers abroad, but this was an exceptional
onr.
A recent despatch from Washington. pur-
porting to disclose a new scheme for the ac-
QUESTION Of portion Of Mexico by the United
states, has attracted some attention. The
scheme i this: when Congress meets next
winter The Americans in chihuahua, Mexico,
said to number 10000, are to pronounce Il
| dissolution of the relations of that State With
! Mexico, establish local State government and
! apply for admission to the United States"
The story is di,crcdited at Washington by
those in position to gain early intelligence of
| such Il project. were it in CONCENTRATIONS for
the reason that the annexation of any Mexican
| territory could take place only by MeXco's con
sent, which it is not believed would be given,
or through war. for which there is not the
| slightest probability. The relations of this
country with Mexico are cordial, ana much
American capital il there invested, not in
| chihuahua alone, but throughout the country.
The scheme. with another for the acquisition
of Cuba, i, said To have originated at A meeting
last week in i New York stock brokers' office,
when it met with much favor. The names of
several prominent men i'll New York and
Boston We're mentioned in connection with it.
The tolegraphers strike is perhaps hardly to
be classified rs sensation at this time. The
situation practically remains unchanged. The
Brotherhood have lost some OF their members
and have initiated others. The Western Union
says it is able to handle its business much as
usual; the operators say that this is not so, and
there can be no doubt but that the company is
crippled. 1t shows no indication. however, of
yielding to the strikers. There is but one way
| out of the difficulty, As everybody foresaw at
the outset and that is a compromise. The New
York Times, in IN editorial on the telegraphers'
strike, makes some significant comparisons be-
tween the wages paid to them and to laborers
in the commoner trades. Good masons are now
paid in New York from $3.50 to 81 per day
pastcrers the same; carpenters, 81 to $500
plumbers, s.; house painters, 81 ordinary
WOrkmen in these trades, s. to 500; shoe
| makers, $40 to So per week: cutters of ready
made clothing, Slo to so per week barkeepers.
SO to so per week. Now the highest salary
paid skilled telegraph operators in New York is
$50 per month, and the average wages paid is
SOB, or Sl3.21 per week, Sl.90 per day. But
telegraph operators are not in the category of
ordinary laborers. 1t necessarily costs them
more to live than ii costs Il mason or a carpen-
ter. They must dress better and live in better
style and must have better education and Il
higher order Of general intelligence
The contest over the New Hampshire Sen;.-
loISulp Closed | thursday. AUSTIN L. Ilkc nav
ing Il majority Of votes on the 43d ballot was
declared elected Il. :. Senator for six years
from March 4th 1851 The result of the ballot
was greeted with tumultuous applause. Mr..
Pike. the successful candidate, is siXty-lhree
years old, and a lawyer in active practice, at
Franklin. lie has been Representative to
Congress and is considered one of the abest
Republicans in the State.
Knott Dem, was elected Governor ut the
| election in Kentucky Monday. Returns are
meagre owing to the Geographic difficulties,
but rs usual 1.-THE Dutch have taken Holland"
Henry Clay, grandson of the famous Henry
Clay, was defeated for the Legislature after a
hot fight.
| A Boston Herald correspondent thus refers
to some of the Long Branch swells: cover
! yonder. in dainty null, is the wife of a face
powder; going down the hallway are the two
| daughters of a soothing syrup and the swell
who drove past few minutes ago in dog cart