Mr. Peabody's Speculations In Confederate Bonds

Bcing nmong a pai ty of fricnds at a ;entlemau't) house onc evening, ono of ' ;he parly remarked to Mr. Pcabody tbat ' iü bad read somettiing in a new.-paper tbat diy. tu the effect that besympatbiz cd witb lhe 8outh diiring tlie war, and made money by spe:.'uluting in Confcd crate bonds. Mr. l'eabody oumediately juinped to his foet and denied the inBinuations, wiih great earnestnesa aud mach apparent feeiing. He said lic had rcad similar paragrapha in the ncwspapi'rs himself, oud be was utterly it a loss to know liow sueb nn iiiiiri'Sdioi) oould bavegot abroad. Su far fïom i ing aoytbing duiiug lhe war to justifv j sueh an imputatioD, he said tliat bo had unit'ii mly Irorn the start oondeinned the South in tanirig up anus agaiust the ; Govemroent, and hitd over and over i again sacrifieed bid own inteiests and injurcd bis reputation among bis Boglioh l'riends and a.ssociates by big unwavering adhereuco to tho advocacy of the cause of tho Noitli. "As for tpeculating in Confedérate bonds," gaid he, "iho only inoney that I made out the South duiiug the wur was made in this way : Agenta of tho Confedérate Government ca led on me and importuned me to usa my iniluencc iu uootiatiug a loan for the Confeüeracy in England. 1 immediately and peremntorily refusod to have nuyihing to do witb it, uid told lhm tbftt in my opinión anj American qught to bo ashamcd to have anytbiug to ilo witb an altumjit to break up and destroy mch a Government as tbey enjoyed. Finding tlirit I would have nothmy to do witb tbeir bonds, tbey souglit aid elsewhere. The sympathics of many English capitalists were with them, and thcy ilnally Eueeet'ded in enlisiing iour or iïve men (i large means in their schenie, atid a meeting was held, at wbicb tbey wero to close the negotiations for a loan of 75,000,000 to the Confederacy, receiving its bonds therefor at 50 cents on the dollar. Just beforo the final papen wero to be eigned, one of thu capitalisls reraarked to the conipaay tbat, beforc be affixed his s;guaturc,bo thonpht be wonld go down aud consult his friend Peabody, and see what hu tlioughtof it. Aoother of the party said be would do the s:nno thing, and they botb camo to me, told me what bad been done, and asked my advice. - Suid I, 'Gentlemen, wby will you pay 50 cents on tho dollar for these bonds, when by waiting one year, you can gct them for 'lb or 30 cents on tbo dollar ?' 'You do not believe, do you, Mr. Peabody,' replied ouo of the gentlemen, ".bat these bonds can bc bought a year benei; for tbat price V 'I certainly do,' I replied; 'aud to prove that I aia sinooie, I will stipuhite to sell you a million dollars wortb in one yar from today at 25 con's on tho dollar.' Tbey bo.h theu agreed that they would have nothin more to do witb the loan, but to bIiow that they bad no faitb in wbat I said ab ut the future valuo of the bonds they wero both anxioui to accept my cffer, and required me to reduce my stipnlation to writing. I did so. The year camcj round, und Confedera' e bonds were wortb less than even I anticipatcd. But, gentlemen, I held them to their bargata, and receivcd $00,000 from the m iu fultilltncnt of it, which was all the money I ever made in si eculating in the bouds of the Coufederacy." - N. 1', Times.