Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1885-04-30
THE EFFECTS OF WAR On Us.

shipment and terminal points.
THE EFFECTS Of WAR On Us.
So cautious and conservative journal as
the Chronicle, of New York-one of the high
er authorities in this country, and standing
here among business men much as does the
Economist in England-in its last issue dis
cusses "War and American Trade," and
comes to the conclusion that "it cannot be
forour advantage that great war should oc-
cur" 1t notes by tables of comparisons the
effects upon prices, exports, &C., Of the last
two great wars-the Franco-German and
the Russo -Turkish-and finds in the results
of neither much encouragement-in the
case of the latter, "no encouragement what
ever for our wild speculation" In fact, in
spite of the Russo Turkish war, the years
average price of all cereals declined, and
while the result may somewhat differ
should war be now declared, it will, the
Chronicle declares, be ''solely because bread
stuff values have been ruling below the cost
of production." And while war would
cause something of an increase in the de-
mand for American products-more, how
ever, for provisions and grain-"the differ
ence could not be sufficiently great to justi-
fy any excessive hopes" The Chronicle
goes even farther and states that the effects
upon manufactures would be still less, that
England can spare an army and still have
an ample supply of workmen, and, further
still, that, if she lacked any class of manu-
factures, it would not be to America that
she would apply.
Russia's orders would manifestly be such
inconsiderable factors in the way of custom
as to form 'no basis for any revival of busi-
ness" Moreover, it is argued, war is loss,
and the loss must be made up after peace
is declared and the expense of the war
being just so much drag upon England,
would indirectly be just so much upon us.
THE CONFEDERATE BOND CRAZE.
Mr.. n. G. Gonzales explains to the Ne,cs
md Courier what he has heard to be the
Confederate bond mystery, as follows:
"Judah p. Benjamin, Secretary Of the
Confederacy from 1862 until its collapse, was
the originator of the plan by which a de-
mand was created for the bonds. At differ
ent times the Confederate Congress voted
large sums for secret service, the principal
deposits being in London and Paris banks.
The funds were placed to the credit of citi-
Zens of Great Britain and France, who were
friendly to the South. At the close of the
war there was an uneXpended balance OF
S5,0S0,000. Mr.. Benjamin consulted with
these agents as to the disposition of the
money and it was agreed that it should not
be surrendered to the United States. The
question was then how to disburse the mon
ey so to best benefit those entitled to it. 1t
was concluded that the people who had
given their means to the Confederacy for its
bonds were entitled to the money and the
bonds were advertised for and to cover the
real object of the movement it was limited
that the bonds were held by spectators and
that suit was to be instituted against the
United States for their payment"
This may be correct solution Of the ex-
traordinary furry sometime ago for the
purchase of Confederate bonds. 1t is a
plausible theory or statement, but an edito'
torial writer in the Augusta, Ga, Chronicle
heard an entirely different theory in Rich
mond some months ago. The report there
was that English barristers, required to
settle certain estates and not being able to
do so satisfactorily, engaged a gentleman in
CnlS country tO Duy up CoHleuerdle JULIUS "S
vouchers for what were presumed to be bad
investments where money was lost. 1t is
said that the Richmond agent made $3.50, ,OOt
commissions, so that the sum to be realized
must have been considerable. 1t is pity
that the explanation given the Nems ooad
Curriers' correspondent at Columbia was
delayed or not available until Mr.. Benja.
m in,- Cano rtt,r ra from tho ror16 Wa Drn.
fer to credit Mr.. Gonzales version, and
would not be surprised if it were essentially
correct. But let us hear the other side.