Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-02-09
An UNSIGNED CIPHER.
uow IT CREATED A STIR ON THR LON
DON sr0cE TXcgANGE ANDRA-
CILITATED SPECULATION.
A Mystery Connected with the Virginia
Debt Question and the Late De-
oinon Of JGdge Bond
The following il from a recently. arrived
- -. =. aL.. I -----L... l-.nn...L,L A..-..

The following il from a recently. arrived
number oi the London Financial News:
A S-sricIors NovE IN NlrGNIAs- - The
sudden ill In the price ia Nireinis funded
JiSegs which folloNcd The posting OF mvs.
fnsS/us telegram 80 the stock Exchange on
llilly call. attention % what Is htie short
ofa scandal The telegram was Forwarded
q tLc stock ENchanCe los the Council Of
Foreign Eondholdcrs with the cxllanstion:
eve received ihis in cipher from Rich
murd bat without signature" 7 he text OF
the telegram w1s: Judge Bond has de-
cdcd everything ngainst VS." The point 0i
tho incident is That nobody in London
seems to have tho most remote conception
what ttis "Cycryihug' il. or what Judge
Bord has had 90 decide upon. lie Is toe
o ted states Circuit Court judge who has
upon several occasions gwen decisions IN
favor Of those VINO tender The bonds ia psv-
fueuf oi NiroiUiq state taxes. and therefore
thi. alleged judgment upon everything ~
wholly mgscrv. Wla' is not less uncx~
planned is the fact that the posting Of This
occult telegram in thc stock Exchange was
preceded bf heavy speculative sales oi the
lonl. % tlc amount Oi some thirty or forty
thoasauI. Who is % who knew so fouch
about lc telegram ard the bearing OF its
content, tcfofc thc puzzle was made public
iu Capcl court.
~. fufth,r very queer that The wonder.
fui telegram wss no. commune ted by the
Foreign RoudNo.dcls Committee to the
rre.s. The council is not always s0reticcni,
and on me present occasion there seems 70
have been c}cTy reason Nby, ~ TIE message
We sufficiently important 10 be communi'
Gated to the stock Exchange. IL ough, also 10
have rccu sent io tIc press. The irritation
10 which tho cirruminrutorv practices Of The
e. q lar. trfr "a
T.,e wiU "a brought 90 a head by
occurrence oi mi, Kind. Here is an
or haaucal telegram received without
signature. and used Dos somebody for
speculative purposes. How did the con
tents Of tbc telegram leak ont before 70
Wts posted iu Cauel c0urty Or, 70 80 a step
further. WY wa piece Oi Information un-
verified hv auv signature all we'd 10 come
ont no alig We are not greatly surprised
that large holders oi Virginia bonds should
discuss ths propriCty 81 acting apart from
council which does go liitlr, and that lit'le
fn fuch q peculiar way. The explanation 0f
Friday. incident most favorable to the
council Is that somebody ha, got posses
fion o. the cipher and has used 1t
Tor hs own ends Whatever excuse
nay be forthcoming. the bOndh0idcrs have
right io demand 40 be projected against such
speculative attacks upon their property. II
tho Council is not able 10 make settlement
with Virginia t bad better step aside and LET
more active aud intelligent spirit, take the
matter in hand. The Council has been
fumbling fof years over 10 Ia ITS elephaniine
way. and nothing comes out OF its efforts but
speculative coupS like That ~ Friday. The
Moorgatc-,trCCl iunta had better stand aside
aud lct more competent persons see what
can be done % effect a speedy and lasting
settlement.
Mr. W J.. Royall. the counsel Of the Lon
don committee, said yesterday IN answer to
question addressed him hy a Displich re-
porter that he diI not send the message and
knows nothing at all shout H.
Sow, the question If. " ho did send If?
From the how made IL would seem that
some people upon The receipt of the cable
gram sold Their holdings ana lost a good
deal Of money thereby.
The truth, however, is the decision OF
Judge Bond ST Norfolk was altogether mex
uectcd hy the bondhol1crs. aud II uudoubt-
tdly gave them very considerable setback.