Relics Of Radical Rule

A correspondent writes from Atlanta, Ga., Aug. 9, is follows: After a subtlo mul stubbom flglit the Constitutional Oonvcntion of Georgia to-day eoinpleted the process of repudiation of tlie bonds issued fraudulently by the Bullock Government during the days of reeonstruction. The fnll record of the rascnlity practieed upon the Str te during these balefnl days will never be uncovered. Backed by an ignorant negro Legislatura, Bullock and liis pais issucd over 88,000,000 of fraudulent bonds, which the iirst Democratie Legislature that asseinbled after Bullock's disgracef ui flight promptly repudiated. Millions of dollars of these bonds were issued in behalf of nivthical railroads, and in behalf of corporatious that never existcd. A favorito method of swindling was to secure an issue of bonds to a certain Corporation; then to chango the name of the corporation, and have another issue of bonds made to conform to the new name. It was, of course, provided that the new issue should be used to retire the old issue. The swindlers, however, would put both sets on the market, and thns have the Stilte under duplicóte obligatioEs for precisely the same object. After the Legislature had repudiated these villninous claims, it was found that a crowd of lobbyists, acting in the interest of the bondholdOrs, bésiegöd the Capítol at everyse3sion of the Asscmbly. It was then determined to make a constitutional amendment, prohibiting the payment of these bonds or the opening of the courts to iiijv liond claimants. This amendmen was perfected only last May. It will be seen then that last hope of the bond holdera was to have a Muse inserted ii thé new eonstitution providing in somi wiy for a hearing of these casea or foi tl ie payment of the bonds. Extraordinary ellbrts were consequeutly made. Mr. Jere Black, of Pennsylvani, was engaged to argue tlie cases of the bondholders, and ex-Senator Norwood to represent a certain class before the Committee on Finance. Despite the argument, written and personal, made before the committee, to which the committoe listcned with hardened and impatient hearts, the foUowing claiise, in substance, was reported unanimouslv : "The General Assemblv shall have no authontyto appropnate money, eitber directly or indirectly, to pay the whole or any part of the principal or interest of the bonds or other obligations which have heen pronounced ulegal, nuil and void by tlie Legislature and the constitucional amendinent ratified bv a voto of the people on the lst day of May, 1877; nor shall the General Assembly pass any law, or the Governor or other State official enter into auy contract or agreement whereby the State shall be made a party in any court of this State, or the United States, instituted to test the validity of any sueh bonds or obligations." There is little doubt that there are two or three classes of bonds, aggregating ibout $200,000, that have some equitable right to cousideration. Hon. A. H. Stephens avouched the integrity of one class of these bonds. Hon. ltobert Toombs, speaking of another class, said: 'If the State, don't pay theni I will." But the deep sense of indignation feit by the people at the enormous swindles put apon them by the reconstruction regime, many of which were perpetrated by the connivance of Wall street shysters themselves, preven ted the reopening of the eealed question under any cirounistances. A rrsolution opening the State Supreine Court to holders of repudiated bonds, providcd they would accept its decisión as linal, was tabled by a vote of 166 to 15, and the matter thus clinched. There was great feeling, but no confusión. The members were resolute and determined. The bondholders have put in the hands of the United States Marshal a paper instructing him to levy on the Macon and Brunswick road as property of the State. It is said the Marshal will attempt to stop the trains and thus force the State or stockholders mto the United States Court, and thus open the way for the adjudication of the whole bond question. A lively fight will ensiie if this is tried.