The Montgomery advertiser., 1905-01-08
ARBITRATION TREATIES
ATTEMPT TO DEFEAT THEM BY
 SOUTHERN VOTES.
Did Bond Issues Affected-Wiiham D. Curtis Describes the storm Raised by Charges of Philadelphia
 N Man.

 William E. Curtis's Washington Special
 to Chicago Record-Herald.
 A printed circular signed by Pnlia- delphia physician has been recevec oy several senators and has been distribu- ted extensivsly among officials and other Influential men in the southern states charging Theodore Roosevelt, Grover Cleveland. John Hay, John w. Foster. Richard Olney, Cornelius N. Rliss. Andrew Carnegie, Cardinal Gib- bons. Archbishop Ireland. President Angel of Arm Arbor, Robert T. Lincoln. Carl Schurz John Crosby Brown. John J. Mitchell. Lambert Tree, Judge Gray. Jacob M. Dickinson of Chicago. Thomas Nelson Pags and other gentlemen who hithertofors have borne excellent char acters with organizing "a gigantic con , spiracy to compel the payment of con- federate bonds under pretext Of pro unoting international peace"
 It is asserted these gentlemen. under the pretext of securing the adoption of arbitration as a method of settling dis putes between the nations of the world, actually are working in the interest of and in conjunction with a syndicate of New York spectators, who have box es filled with readjusted or repudiated southern states bonds. readjusted Min- nesota bonds. unpaid bonds of Michigan and the Republic of Texas, repudiated confederate bonds, and doubtless many large rolls of confederate money"
 While the circular expresses in in- dienant terms the wickedness of the conspiracy in which these gentlemen are engaged, it credits them with "con- sumate skill and sagacfty evinced in avoiding national jealously by inviting not only England but all Europe to par Pfpa nfo IrroI the success of Secretary Hay, who is fhe heavy villain of the conspiracy. enticing the severay European pow CTS into the scheme, according to the circular, ealike bears proof "of the legal acumen employed and the vast amount of money expect ed to be derived from the southern states by the passage of these arbitra- tion treaties" The circular goes on to declare that the treaties of arbitration are projected under the pretext of peace. Their real object Is to exact the price denominated in the bond from the southern states, as now Is be- ing exacted in Venezuela. regardless of the cost in sectional animosity and in creased taxation. It Is to be hoped that sincere religious American men and women, dreading war and abhorring bloodshed, no longer will permit their sympathies to be played upon by spec ulators who have thus openly avowed their intention to embroil the southern states in a legal and financial war with foreign governments"
 Tke circular also charges that large sums of money are being spent in try ing to create a sentiment in favor of arbitration in the New En gland, mid dle and central western states, and thus secure moral support for the perpet- Fators.
 Senator Foster of Louisiana is the oEly member os either house of Con- Eres who publicly attaches any impor- tance to the charges, though in pri- vate several southern senators and rep resentatives have discussed the subject seriously, and there have been articles In several southern newspapers admon- ishing the members of the Senate from that section to go slowly and take nc chances by ratifying the arbitration treaties. The Board of Trade of New Orleans, which Is composed of six or Ecven hundred business men of that city. took action upon the arbitration treaties some time ago and passed res oiutions urging the Senators from Loui. s;ana to support them. In a public letter. Senator Foster declares he is ir thorough accord with the board oi trade as to the beneficient results o1 arbitration, but says in view of the decision of the United States Supreme Court in February. 1904, in the case oi the State of South Dakota versus the State of North Carolina, the danger tC which the southern states are exposed on account of foreign holders of their repudiated bonds will have to be con- sidered carefully.
 The case referred to was a suit brought by tht State of South Dakota against the State of North Carolina to recover the value of a block of bonds issued by the latter in 1850, which prac- tically have been repudiated. The hold CT of these bonds, having been unable to collect either interest or principal benevolently donated them to the school fund of South Dakota, and the attorney general of that state commenced pro- ceedings with a hope of realizing upon them. The Supreme Court u92 U. s. Reports, page 2SS), by a decision of 5 to 4, declared that the bonds were a lawful lien upon property of the State of North Carolina, and are equivalent to a mortguage subject to foreclosure, Alarmists like Senator Foster. therefore argue that if the Supreme Court will aid in compelling a state to pay it's debts an international arbitration tribu- nal would be very likely to take similar action.
 Senator Morgan of Alabama has de- clared his opposition to the treaties, but K 1S IT1