OCR Text |
Show CONFEDERATE BONDS. A story comes from London that a movement is on foot there to create a speculation in Confederate bonds. How often has this Btory found its way across the Atlantic, but all its voyages have been without hope. There are probably a good many Confederate bonds in London, Lon-don, and they are very liable to remain there. Those who bought them did so in the expectation that the Confederacy would succeed, and in such case their bonds would have been redeemed, unless Mahone got up a repudiation scheme. Those bonds will never be paid, and the Southern people would now be the last to wish to undertake a redemption of Confederate bonds. . They are an impoverished im-poverished people and they have no desire de-sire to burden themselves with additional addi-tional taxes for the purpose of paying the Confederate bonds held by London speculators. Those speculators took them on the chances of war and for the purpose of aiding a revolutionary government govern-ment in breaking up the Union. .The attempt at-tempt was not successful, and the idea that the United States will ever undertake under-take to pay for bonds which were issued for the purpose of disrupting them is too preposterous to consider for one moment. If any ex-Attorney-General of the United States has given his opinion that the claims of Southern bondholders are good, such ex-Attorney-General must be in-1 sane or a knave. The probabilities are I that no such opinion was ever given. Those Englishmen who, hold Southern bonds would; do well to relieve them' selves of all future hope and worry by burning their bonds, for so long as they possess them they will Jndulge in the illusions of hope. The English holders of Southern bonds and the American heirs to English fortunes of great and unknown un-known amount, should form a pool and divide the net proceeds. |