The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-11-11
CONFERENCE ZEN STATE
COMMISSIONERS AND BOND
rIOT. ERS.
PROCEEDINGS In SECRET SESSION
The Ssovernor's View of the Financial
Situation.
a PLAN AGREED UPON.
WHAT THE BoNpuoLpERs GIVE AND GET.

AT l. CteCh scstelQas III luc Ccuaic SiiauA-
her, in pursuance of q call issued by the Co
General Assembly:
Resoiued, That the Governor of this Gem
monweallh, during the recess of the General
Assembly. be requested to call conference
Of the creditors OF the State Of Virginia, and
that he and the Treasurer are respectfully re-
questcd 10 confer with said creditors, look
ing to a further adjustment Of the State debt
upon basis fair and equitable alike to the
State and its creditors, and report the result
Of said conference to the next General AS.
Sembly, with such recommendations as they
may deem advisable.
TIE BoSDHoLDERs' INVITATION.
By virtue Of the above resolution the
Governor and Treasurer on the 10th of Sep
tember issued the following circular:
" TO the Creditors Of Virginia
Pursuant to authority vested in the
Governor and Treasurer by joint resolution
OF the General Assembly Of Virginia ap-
proved April 80, 1874. we invite and appoint
q conference, TO be held in the capitol, at
Richmond, at y O'Clock ii. on Tuesday the
10th day of November next, between all the
creditors of the State (home and foreign), or
their duly-accredited deputies, and the I'm.
derSigned, as commissioners for Virginia.
"The object OF the conference is to effect
such exact and authentic understanding OF
the resources and liabilities Of Virginia, and
TO consider such propositions for iinal agree
mcnt between the parties interested, as will
afford the best attainable security for the
rights and interests both of public creditors
and the Commonwealth.
JAMES L. kEaPER, Governor.
"R. VI. 7. HUNTER, Treasurer.
"Richmond, Va, 10Th September, 1874"
TICKETS OF ADMISSION.
All persons desiring to take part in the
conference were required to apply to the
Second Auditor for tickets of admission to
| the Senate chamber. A member Of the DIS.
patch staff went to&he Second Auditors
office about 12 O'Clock and applied for q
ticket.
He was referred to Mr. Shackleford, Gen
eral Rogers being absent.
Mr. Shackletord said he was only ''au-
| thorized to give tickets to bondholders or
| their representatives"
The Dispatch man drew $4,000 in bonds
from his pocket and said, Here are my ere
| dentialS."
The ticket of admission was at once is
sued.
At the Senate-chamber door MIR. c. b.
Oliver. of the Governors office, was sti-
| toned. When our ticket-holder arrived he
said to him, "Iou can't come In" The
ticket was shown, and Mr.. Oliver SO far re-
| cognized its validity rs to allow the holder
| to pass in. The Senate chamber at that
hour was nearly filled, and there was busy
hum. reminding one of the days of the le-
giSlatve session, when there is always much
stirring about, and much joking and whis-
pering going on.
A BoSDHoLDER 8" CORNERED."
The Dispatch man took SetIred seat
| nearly opposite the Presidents chair. He
was sinking down into comfortable position
upon the cushion, at the same time giving a
salutatiOn to Il neiehbor, when he observed
| Mr. Oliver approach Governor kemper and
speak to him.
Governor Kemper Immediately turned
around, came to our man, and said that he
hoped nothing about the conference would
be published without the sanction Of the con-
! ference. Many Of the matters to be dis
cusscd were of character which ought not
| to be related except in an official way and,
moreover. the meeting was private one
not intended for the general pubic.
Our man said he was present as q bond
holder, and without meaning any dlsreSpect
| to his EXcelency he declined TO give any
| pledges.
The Governor said that it was known that
| he was reporter.
81 have nv credentials Ia package OF
| bonds] in my pocket" said our man.
| "Let me see them" replied the Governor.
This request was not acceded to. but the
| Governor was informed that when COM
| mittee on credentials was appointed tue
bonds would be exhibited; until then the
holder would submit to no tests Of bis right
to be there not applied to other bondholders'
A POLICEMAN SENT FOR.
The Governor called Mr.. Oliver and said
"Mr. Oliver, get a policeman and have this
| gentleman put out"
Mr.. Oliver departed in haste to execute
| bis mission.
| While Mr.. Oliver was gone the two parties
| to the colloquy separated and consulted
friends present, their conversation having
been quiet one. heard by only one Or TWO
| gentlemen.
One of the Capitol policemen was brought
| TO the door OF the Senate chamber ana loiu
| TO await orders there. His services were not
| however, required.
| Mr.. r. 4. Coghil, member of the House
| of Delegates from Amherst county, after aG'
vising with the Governor, prepared reso-
| lution which it was believed would settle
| the difficulty.
WHO WERE PRESENT.
Among those present, seen in hasty
ylance around the room, were Governor
| James l.. Kemper, Treasurer K. M. /.
| Hunter; Mr.. McCulIoch, representative OF
the British Bondbolders' Council; Messrs.
r. A. Coghill, II. w. Thomas, James
III. Dooley, A. S. McRae, William b. Tal!a'
ferro, II. W. Hoenniger, and Joseph t.
| Anderson, of the Legislature and Messrs.
John B. Davis, Thomas Branch, X. d.
Maury. James l.. Maury, Frederick Il.
scott, i. o. Noting, w. B. lsaacs, Parker
| Campbell, j. A. Peasants, General Bradley
r.. Johnson, General w. G. Wickham, Colo
mel w. z. Burweil, DR.. Blair Burwell, MAJOR
Baker p. Lee, Colonel Boiling, of Peters
burg: Hon. Thomas S. Flournoy, OF PIttsyl-
yania Colonel James Mcdonald, Hon. James
A. Seddon; Hon. r. Il. Daniel, Attorney.
General James G.. Southall, Howard SWINE
! ford, and Charles 7. Workman.
ORGANIZATION OF TIE CONFERENCE.
The conference was called to order by
Colonel Boiling, OF Petersburg, upon whose
motion Judge ii. w. Thomas, senator from
the Fairfax and Alexandria district, was
made chairman. Mr.. r. X. Maury was nom
mated for secretary, but declined Wnere,
upon Dir. James Fl. Dooley was nominated
and unanimously elected secretary.
Judge Thomas, in taking the chair, 10
general way stated the object OF the meet
ing. and expressed the hope the nope tnat
;ts daIiiarati0ns would result Ia pian OF