The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-03-05
VIRGINIA NEWS.
Letter from, Petersburg.
Of the Richmond Dispatch.


PrrrRssrEa, March 1, 1872.
There is likely TO he a lively time in the
,s,y Co,,ncil on tho occasion OF its monthly
.,oa,inr tomorrow. Quite quantity OF
.,nor.sut business awaits the dispos:d Oh that
.,-ust body. and some of II Is OF such
@1rlctcr that the discussions are likely to DC
.,,crc>,ing and exciting. A lieutenant In tne
49, lice force is TO be elected, and the jealousy
I'D rivalry between the white ana coiorcd
,1,,,h,rs Of thc corps will probably be re-
,.,ofca in the Council chamber rs between the
!, },;tc and colored fathers otthe city. Ihenone
f,hr colorrd members threatens to explode
I,rc.c bomb under the Board OF orerscers OF
,hn Poor: but Of this nothing much will
,',,,,r imagine. The really important ques-
,,nn Ia DC disposed Of is the determination 10
-, ,rr;, ed at hv the Council rs to whether
~ no. il will tender the 5000 shares oil
..,,.r n the Petersburg railroad released by
"a, state from hvpothccation to the five pre-
,.ar holders Of the stock, and force them 10
,a, cash tS2iS.00o) for it on four months
:, ifrr, or keep the bonds Of the purchasers
,;II j>-5. not pressing the sale toa constinma-
,inr until that time. There is quite variety
~ ,yujon expressed rs TO what should be
l,,,r--no, all of il disinterested-but there
,rr,u> no doubt that the Council can tender
,br stock ut auy time. when it is diSencum-
,.,ri. ana compel the buyers to pay their
money for it. I learn, however, that Mr..
John LYON, as counsel for Mr.. Ragand, re-
gently ,irnified 10 the Finance Committee
,hejr Intention To contest this right in all the
courts and before the Legislature and the
Eo,rd Of Public Works. However, the issue
ur.,g,.t.,llv is. Whether the tender shall be
made and the cash demanded. Many think
!, should. rs tie city is paying eight or ten
,rr cent. on the money she borrows and
On hrr bonds. while these parties pay
hi. tx per cent. on their deferred in
...,g.rul due III 1875. sOn the other hand
!, /, ur-cd that to press these five prominent
CAPITALISTS. who are thoroughly identified
vita The city. and who represent three if not
four l4tnAing institutions, might cause them
>,giau- Inconvenience, and affect the business
Interests and financial status of the whole
cav. hir. +. I. Brooks, one of the prr-
rnI>rrs Of the stock, is 4 member Of the
,ni;n,tl and OF the Finance Committee, and
v.rft> considerable influence. | believe the
tuIuci! will decide for the present not to
',nler the stock, though Of course this de-
r>.1n can bc altered at any meeting unless
IL. tond given hy Mr.. Ragland is materially
nlpi.li"d when the joint bond that will be
proposed is substituted for it. a
Under the warm March sun to-day the
Great snowfall Of saturday has been rapidly
disappearing since early morning. There are
nprrhcn-ionS of heavy treshetS. and the
rtis, it i likely, will lose their bottoms.
Tn" Young son Of most respectable and
worthy citizen and merchant has been de-
i"'lrd in forgery Of his fathers name for
80, and in several successful attempts to
"h'.iu goods and money under false pre-
',nus. The matter has been hushed up as
mach Is possible. There are reports Of an
other late forgery in town.
Mile Davis, an old negro woman, con-
Iim"d in iail for insanity, died suddenly yes
to-day. Verdict Of the coroner's jury,
" Died hy tlr act Of God"
Nm old negro, John Gates or Corn by name,
~, arrested Yesterday on the charge Of be-
ia. insane. He is very violent.
The churches were but shiny attended
Yesterday by reason Of the snow. There
were about one hundred and fifty persons at
s.. pauPs.
Their" is a report to-day that one Frog
jackson was frozen to death Saturday night
in III" storm while drunk. ROBIN ADAIR.