The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-09-13
/" MILLIONS IN IT."

MILLIONS IN IT."
Ava recent meeting Of British ana
continental association whose business
ia to prosecute claims against ae1au i''l
states and governments, the Execuuve
Board reported that 81, 6oooo In confed'
crate bonds held by them were sun oue
and unpaid The fact that these bonus
really are not due until two years
q fter the ratification Of treaty OF peace,
between the Confederate States of Amer
lon and the United States" was not noted
n the nwspapers publishing the Item, until ll
attention was called to by The Iimes-#
n,snatch. The Insertion Of that prudent'ai
provision was intended to give the con,
federacy "breathing time" after the war
woa over before a demand could be law
fr,,v made upon it for payment.
There seems to have been a sooo
deal Of prudence and forethought eA-
ercised on the other side OF the "ater'
too.
The shrewd bankers Of Amsterdam ana
,roha h,v those of some other financial
centers, We have always heard DOUG -.
equally of United States bonds ana Con-
faderate bonds The Federal BONDS we're
very low, and Confederate bonds were
lover still. So investors could purchase
az one time for somewhere ABOUT d
,bo,sand dollars a thousand dollar bono
of each of the warning countries!
And this they did and made tneM'
selves ..solid" and comforta BILE. They no
longer cared so very much VINO won 'he
fight. They had 'coppered" their oe'
60 "a sneak. and were bound to WIN no
matter which side was triumphant IN the
war. Yet, IL the Confederacy had ach1e'eo
~ ,ndencndence they would have had
two good bonds. AS 1t is the Confederate
bonds are worthless, except as curios't'es
and there we're SO many Of them issued
+hev can hardly be called rare"
About fifteen years ago some e*c'.o.
rent was created by a sudden oet1lata
for Confederate bonds, and numbers U
them were sold in Richmond and IN othe'
southern cities for a few dollars on tf'e
+honsand. The why's and wherefores OF
+ VI
memory. 1t is q fact. however that NUM-
bers OF people1n the.south realized some,
thing on their holdings, and 1t Is wen
thew did so, as the demand soon ceased
wbether 1t was caused by some nope
,es,v customary man, or was because the
bonds were wanted to be tehaeo as 9
nossible offset In a Confederate transae'
t,on in tho South or abroad, we cannon
now recall-if, indeed. we ever Kne"
Put certain we are that there was qu'''
sensation in the community when J
40. vrown that Confederate bonds wer'
worth something
One of the results OF that sensation wa
that great pilt OF bonds. was proush
tn light In tho same condition that the!
we're when they left the primers hands,
unsigned and undaed. We cannot tecal
whether they had been printed here Il
Richmond or in Columbia. s, G. Their
were large lithograhpic establishments y
both places, and some workmen Gen
Rrayers. etc,.) were brought through IN
h,ockada to aid our native talent On
nj
ments here was In Bosher's buile
ing. which occupied the site where
an the Chamber of Commerce built
,rp now stands Another was
the very aged bailding still standing
INA southwest corner OF Broad and Mini
streets. After the war WAS over the Ma
street building was used as the ON
OF the Daily Republic newspaper al
later as the home OF the Examiner. tn
under the proprletorship and edltorsh
of Henry Rtves Pollard
Many bundles OF dim orange-color
paper upon which the Gonfederates VIC
wont to print their ffty-cent notes We
acquired by the newspapers mention'
This paper was furnished by them to tn
editors and reporters to use In supply
,'copy TO the printers, One OF the press
that had printed this Confederate mon
was also used BY the newspapers afo
said. In the end 1t was sold by Mr. P
lard to Riordan and Dawson. who w
then printing a newspaper in Charlest
g.. c., and of which paper the pres
News and Courier OF that city Is the s
cessor.
For great part OF the war the bo
and notes of the Confederacy were ISIS
TO the public from the present postol
building. then In use as the Confedel
Treasury Department. btu before pos
-4~- ~ that building could ha obtained