Birmingham age-herald., 1895-06-27
INTERESTING WAR RECORDS Of the War Between the North
 and South NOW BEING GOTTEN OUT Postofice and Pension Changes for Alabama
 and Mississippi THE MoRGAN-BELMoNT BOND SYNDICATE Makes Good Per Cent on Their Pur- chase-Naval Notes-Ransom
 Williams Goes Back
 to Cuba
THE MoRGAN-BELMoNT BOND SYNDICATE

Washington, June 26.-(Special)-Some months ago the navy department issued the first volume of series of records of the Union and Confederate navies. In a few weeks the second will be issued, and as fast as the records are compiled the whole set will be issued up to twenty four volumes or more. Pictures of all the important vessels taking part on both sides will be illustrated in the volumes The famous ships. such as the Alabama, Kearsarge, Sumpter and others, with the pictures of many of the blockade escapes and the fight in Hampton roads. The first volume contained the corre- spondence relating to the Trent affair and the wonderful escape of the Sumpter from the Mississippi river under com mand of Captain Semmes, who was the first officer to hoist the Confederate colors on the high seas form a warship. Cap tain Semmes' diary and report to the Confederate secretary of the navy Nal lory tell of the operation of the Sumpter until her final retirement from the ser vice and his transfer to the famous Ala bama.
 The next volume begins the history of the cruiser Alabama, with an order of $. R. Mallory secretary of the Confederate navy. On taking charge Captain Semmes at once set ito work to get out by three United States warships to the high seas, which he did, and his report to Secretary Mallory is the most venturesome ac- count of military scheming in all the annals of naval warfare.
 Captain SemmeS escaped and reached Cuba with seven prizes of war, where during the summer of 1862 he cruised around the island of Cuba and northern South America, capturing and destroy ing number of vessels
 Captain Semmes' work in the West In- dies was the most destructive of all. Late in the autumn of 1862 he went to France, thence to Gibralter, where early in the winter the Sumpter was reported unfit for further service.
 Captain Semmes closes his diary with this, on February "A. 1862: "A board of survey today condemned the boilers. So the poor old Sumpter is to be laid up. We'll we have done the country some service. having cost the United States $1, 900 in one way or another.' During the nine months cruise of the Sumpter she captured a total of eighteen United States ships. seven of which were burned.
 Postal News.
 Wheeler Station, Ala, has been changed to Wheeler.
 Island Lake, Quitman county, Miss, has been discontinued The mail goes to Riverside.
 Pensions.
 RofSSue-RODefI JOlldH, CeIlTe oldi, Lauderdale county, Ala; Henry Homer, Mobile.
 Original widows-Harriet Heiter, Mo bile; Nancy Beasley, Huntsville.
 The Syndicate Keeps Its Contract. Washington, June 25.-The treasury agreement with the Morgan Belmont bond syndicate, though completed today as far as paying in gold for the bonds Is concerned, is still in effect as to other provisions and does not expire until De- tober l. next. The principal other pro- vision is that the syndicate shall use all proper means to protect the gold reserve from demands for gold for export pur- poses This is the understanding of the treasury officials and from advices re- ceived at the treasury from the syndicate it is also their understanding. and they express their ability and determnaton on to live up to the letter and spirit of the agreement. The syndicate payments of gold today aggregated over S6,5OO,0oo completing the part of the contract and raising the treasury gold reserve to s107.- 447, ,S55.
 By the terms of their contract they re- ceived $62315. 400 in per cent bonds of 1925, for which they have paid in gold $65, 116,275. The differences between the price paid $104494 per $100 and $12Sl2, which is the ruling market price now, is what the syndicate and those associated with it have made by reason of advance in the price of the bonds. This latter price, however. has been reached by easy stages and the expense of supplying ster- ling exchange since February 8 to the present time and further expense of fur nishing it until October 1, next, will have to be deducted from their apparent profits to ascertain their approximate net profit from the entire bond trans action At times during the period cov- cred by the contract exchange has besn below the exporting point, at which times the cost of supplying it was slight, while at some periods the exchange rate was so high that the cost must have been quite heavy. Only the syndicate repre- sentatives know the cost, the treasury department not being informed of these details.
 Herbert's Final Decision.
 Washington, June 2G.-The singe-tur- reted monitors will be removed from the James river below Richmond to League Island navy yard as speedily as possible. Secretary Herbert an- nounced this as his final decision in the matter today after fully considering the 1 objections raised by the citizens of vir- ginia protesting against their removal. l The secretary says very positively that | he cannot reconsider his determination, that the government has been put to l considerable needless expense in maip l taining the fleet uselessly at Richmond, | where they can't be kept in repair, and | these conditions would be reversed at | League island, where vessels could be | economically held in readiness for emer- | gency, and in the meantime utilized for | training purposes, both for regular ser | vices and for naval reserves. The date l upon which they will be removed will fol- | low the recommendations of the board | which has been ordered to inspect them | and find out how soon they may be suffi& | ciently repaired to stand u sea voyage td | Philadelphia.
 Of on an Inspecting Cruise.
 Washington, June 26--The practice | cruiser Bancroft sailed from Port Jeffer- | son. l.. l., today for Newport News Va, with naval cadets on board. The class