The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-02-12
VIRGINIA.. NEWS.
Letter, from Petersburg.
Correspondence of the Richmond Dispatch.

correspondence Oh the RlcnHiOHu DispdtCH~
PETERSBURG, February 10, 1872. j.
The curtain descended to-day on the fifth
act, and last, of the rRagland and city-stock
drama. Last night, not long after the mailing
of my letter, the Finance Committee submit
ted its proposition, which was, although Mr..
Ragland is very avcrse to the use of the word,
4 compromise between the committees views
and Mr. Ragland's olIcr. This was, in round
numbers, $3.50 cash, the rest to be paid
in 1879, the credit to he secured by
bond and security. Mr.. Ragland refused
to give security. but accepted the
other conditions; and so the conference
ended, the Mayor having summoned q
called meeting Of the Council for to-day to
adopt tho amended ordinance. The Council
met, and after some little diminishing and
delay over points of form and regularity,
which were pressed with special earnestness
in view OF the misunderstanding that had
once already occurred, the ordinance was
unanimously adopted and the transaction
closed. This afternoon at O'Clock the scrip,
certificate. and power. of attorney, were
passed to Mr.. Ragland, in Mr.. Lyons Office,
by Mr. John Mann in behalf Of the city, who
received Mr.. Ra"land's check for Sl3l, 100
and his bond for the residue.
Mr.. Mann was so long coming. for some
re:tsc u not known to the writer, that tie
counsel of Mr.. Ragland were seriously APP
prehcnsire that something had occurred, and
were visited Ivy phantoms of iniunctIons and
the like. They were certainly very anxious
to conslIlnmate the sale, and threatened Sc
| we're measures if they were tllwarted another
time. This would seem to diSprovc the
stories that have been published that MIR.
Ra-land had not been able to dispose of his
stock, and had been left with 4 worthless
elephant cncumbering his hands. lie isn't
the man to be caught in such category.
Every body is glad that the snarl is over, and
almost everybody approves the sale.
The Agricultural Society had meeting
to-day, which was very mclGerly attended,
but little interest being exhibited in the
CAUSE at this season, far remote from the
time Of the annual fairs. A letter was read
from Mr.. John W. Eppes declining to
accept the first yicc-prcSidcncy. The subject
of the cultivation of Connecticut tobacco i'll
Virginia was announced for discussion ut the
next regular meeting. Asccrtaining by ac-
cidcntal inquiry that the meeting was not
competent to transact business under the
terms Of its constitution, that instrument was
referred to il committee for revision and the
Society adjourned.
DN tIt DNts llt dtl bilS Va IluNfuiit-
ry" hcrcaboutS were to have organized a
"Gnngc" to-day, but the "Iusbandman +"
whn was expected to come here from Wash
ington and institute the officers of the said
"Glln@c" was not forthcoming, and so the
scheme apsed. ! AN more than dubious Of
the wisdom of introducing this ncw-f;lnglcd
device among our people.
Cotton movements during the week: Re-
ceipts this week, ST. bales; same time last
year. ,lG. Total receipts since September
LIST. 22.ll9; same time last year, 1870. EN-
ports, go. Stock, 4,49S.
AtcsSrs. Donmln Il Spicls, commissioners,
sold this week tract Of land in Prince
George county. belonging to Mire j. Mayors
estate, 31l5 acres, at $3.50 per acre, to J. j.
Sladc: also. Il part of the Grantham tract. i'll
Prince George, of % acres, at S2.25 per acre,
to John w. Pcarcy.
The Relief Society is out Of funds, at n
time when the needs Of the poor are the
greatest. ROBIN ApAlK.