The Birmingham age-herald., 1908-12-27

Charles Sumnerl Where were those two leaders during all the time Congress was trying to be good to the south? We know where one of them, Thad for in-
 stance, usually spent his time, namely,
 with his negro housekeeper concocting
 crimes against the helpless south And, 1 too, after Brooks of South Carolina 1 thrashed old Sumner and gave him a licking he (Sumner) deserved but se- lected an inopportune place and time at and in which to do it; there wasn't much 1 heard from Charlie after that
 But some older person must take hold
 of MT. Clews and tell him a few things not only in regard to his general charges
 mentioned, but, for instance, his remarks 1 on Georgia and Alabama's treatment of l certain bonds issued during carpetbag
 times
 In the chapter headed, Georgia Repud
 iation Bonds"-how a sovereign southern l state cheated the northern men who
 helped her in distress; a new way to pay old debts; bottom facts of the outrage and
 so on-this is a specific charge that some 1 southerner familiar with the facts of Gov. Rufus F. Bullocks administration in l Georgia should take up with or without
 gloves and attend to MT. Clews.
 MT. Clews says that one of the saddest
 events of his business life "arose from 1 purest motives on my part to aid the l ventured my money and offered my l friendship at a time when that section of l the country stood in need of both money | and friendship. For these Xii Fly offices
 I was treated with the bases gratitude 1 by some of the southern stat
 Those are pretty serious lrges. T 1 held a large amount of southern securl- | ties all issued for full value ree lived,
 which went into the internal improve l fr of hat enhancing the l able value of it's property. These se- 1 curities bore the great seals of the sov- 1 ereign states of Georgia and Alabama.
 With a photographic reproduction of one of the Georgia repudiated bonds MT. Clews 1 devotes quite a lot of space to full ac- count of his position in this deal lie says that the account of the state of Geor- l gia was not solicited by his firm, but that 1 It was opened at the request of MT. l. l C. Plant (now dead), banker of Macon, l Ga, who was introduced to MT. Clews by l MT P. c. Calhoun, president or lne l Fourth National bank of New York city, which institution was the financial agent 1 of the state of Georgia at that time. NIT. | Calhoun had loaned Georgia as much | money as he cared to; according 10 NIT. 1 Clews. so it was suggested to MT. Clews
 that he lend Georgia $25OOOO on the col 1 lateral of 100000 of Georgia per cent cur l rency bonds This loan was made, ana Georgia drew the money out from MT l Clews on state warrants Later, very l soon afterWard, Governor Bullocks gov
 ernment of the state of Georgia borrowed
 money from MT. Clews firm until the
 amount so advanced reached to Sl,6oO,OOo.
 MT. Clews had as collateral an excess or
 the state of Georgia's currency per cent bonds Application was made to the | New York stock exchange to have these
 bonds listed; they were so listed. NIT. l C1ews claims to have held at home ana
 abroad. under the direction of the state .government, practically all or the ponus
 in his hands, before the act Of repuola-
 ton was passed by a new legislature
 claiming fraud The legislature Of Geor- ! gia. believing that fraud had been perpe- | trated or attempted, ordered the New York stock exchange to strike from their 1 lists 1O2000 bonds, and the exchange dlo 1 so for reasons best known to themselves.
 At any rate this left MT. Clews and | his purchasers with these bonds repudl- 1 ated by the state of Georgia Tn auuf
 ton. MT. Llews says that his firm held i at the time of Georgia's repudiation act some 3162 OO0 bonds of railroads and the
 state of Georgia, all indorsed by the latter
 and a judgment of s525,O00 against the
 Brunswick and Albany railroad.
 In other words MT. Clews claims that l he and his friends whose only interest
 
 touched for big lot of money-and ne
 wants it-as soon as he can get tt-not 1 yet, but soon.
 Tn this affair of attacking the south as
 Mr Clews has done, there should be some
 well-posted person who will give NIT.
 Clews his due reply, if not his money. l No southerner believes that the states
 of Alabama and Georgia repudiated any
 bonds which should have been paid, but | only those bonds which were fraudulent.
 Rut. the matter should be not left as MT.
 Clews has put it in his book, here re- 1 ferred to.
 l Southerners should read books such as
 "Fffty Years in Wall Street. II only to
 be posted as to charges made, ill.,
 founded. against their section of the coun-
 try and then post themselves as to prop
 CT answers.
 There are S9 chapters in this book, with
 a lot of very good illustrations running
 through and between the 10e4 pages
 The book outside of that attack upon the south, Is really very interesting. It 1 throws lights upon the workings of Wall
 street and the moneyed men of the east
 that Is startling, to say the least. and l confrmatory also as to opinions we may
 already have on that subject.
 When we learn that bankers as rule lend money on a friendly basis, Of course, l 1t is to laugh, but the intimate sides. | Of the dlIerenl HIGH Who III oV JS@A' iAe@'
 been prominent in finance, frenzled and
 otherwise, are very interesting.
 To read of Daniel Drew, Commodore
 Vanderbilt, the Erie road, Fisk, Gould, the
 truth about the swindle practiced upon
 General Grant" the true story Of 1 "Black Friday" old-time and new-time | panics and their causes, in fact all the 1 important men and events of 50 years in in Wall street will interest almost any reader.
 But isn't there somebody who can put | MT. C.ews ideas on straight? Some one
 who knows the facts and can take good | look at him in reply?
 "The Trail of the Lonesome Phe,' by l John Fox, Jr. (Charles Scribners Sons.) MT Fox was in love when he wrote i "The Trail of the Lonesome Pine" There isn't any doubt about that Not simply because he has married recently the 1 charming young "F. s. to whom the
 hook was dedicated, but because one can
 see love- real-big- g-sure-enough love show
 ing MT. Fox all about things he never
 dreamed of before, in or out of his phil
 osophy, and which he has depicted so
 delightfully."- in his latest novel.
 John Hale" young civl engineer and
 promoter, had moved into Big Stone Gap,
 where he hoped to make his fortune by developing the country. This was before | the days of the boom in the sos.
 ! On a ride through the country one day
 he meets a little girl, June Tolliver," i daughter of old Judd Tolliver, the head
 of one of the warning clans of Kentucky
 xr;..rin;o stota line There was A fuad on