The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-03-15


PORTSMOUTH, March 1.-THE Republic
cans claim the State by $500 majority, and
the Second and Third congressional dis
tricts. The Democrats claim the First. s
PLAN FOR THE ADJUSTMENT OF fHE STATE
DEBT OF TENNESSEE. ..,s-
NEW York, March 1.-THE committee,
consisting OF George J. Coe, j. D. Vermilye,
B. B. Sherman, B. B. Comegys, and Enoch
Pratt, who, at the recent meeting in this
city to consider the adjustment OF southern
State debts, were appointed q committee to
confer on the subject with committees from
the several southern States, after confer
ence with the committee recently appointed
by the Tennessee Legislature, has decided
that the following plan would be an equita-
bic one for adjusting the debt OF that state:
After adding all the arrears OF interest
and the interest to accrue up to July l,
1877, the then aggregate amount OF the State
debt would be readjusted by the issue OF
new bonds at the rate OF 60 per centum OF
the total amount. For every sum OF
81 900 then due new bonds should be
given in exchange, and full settlement for
$500 for proportionate amounts, the new
bond to bear interest at the rate OF six per
centum per annum from the lst OF July,
1877, payable semi-annually in the city OF
New York-the first payment OF interest to
be made on the 1st OF january, 1871, ana
the principal to be made payable also III
New York in thirty years from date. the in
terest coupons to be received by the State
for all taxes due to it.
The committee think that the bonds IS
sued under the proposed adjustment should
be uniform in terms and conditions OF pay
ment and IN their general appearance, and
they also express the conviction that tue
State will be able at an early day to provide
fund, however small, in excess OF the in
terest, to be used for the gradual eXtinsulsh-
ment of the debt. -.
EXECUTIVE COMMITTEE OF THE WESTERN UNION
TELEGRAPH COMPANY.
NEW York, March 14.-The Executive
Committee Of the Western Union Telegraph
Committee presented a report to the Board
OF Directors for the quarter ending March
81, 1877, to-day, showing surplus and net
profits December 81, 1876, OF 81 ,044, 2O3. 40.
Deduct January dividend and other dis
bursements, $794, sos. 36-which left sur
plus January 1st OF $249,3 95.O0-the net
profits for the quarter ending March 3lst,
based upon official and partly-estlmated re-
turns, will be about S757,6l3.43-maklng'
with January,ssa surplus OF S1,0OI, 00S.52.
| Deduct necessary disbursements, leaves q
balance of Ss64,5OS.57. One and q half per
cent. dividend requires S507, l75, ana leaF-
ing surplus Of 1851, 1882.
The directors adopted resolutions, de-
claring dividend OF one and one-half per
cent, payable April 14th. .5ri
Mr. Cambridge Livingston was appointed
director in place Of Colonel w. Il. Yer
| millye, deceased, and Samuel T. Barger in
place OF Cornelius Vanderbilt, deceased
MIR: William II. Vanderbilt was elected 4
member OF the Executive Committee II
place Of Cornelius Vanderbilt, deceased.
SOUTH cARoL1SA-A CRIMINAL REsPITED.
COLUMBIA, March 14.-Governor Hamp
ton to-day respited Dave Anderson, one
five criminals condemned to be executed OF
the 10th for the murder Of Hausemann ant
and Portmann in Aiken county IN NoVeH
Der last.
ACCIDENT ON SOUTHERN RAILROAD.
AUGUSTA, GA., March 14.-An acciden
on the Charleston and Savannah railroa'
this morning resulted in the throwing IRON
the track and damaging OF four cars. N
passeng gers were hurt. The mail agent wa
Slightly injured. The accidentIWas caused
by the breaking of an axle under the tender
Five negroes are to be hung at Aiken OF
Friday. Zg,.r .s#1a ~.
NEW YORK ITEMS. 81! ~,
!. NEW YORK, March ia dispatch re
ceived from Canada at police headquarter
to-day says o man supposed to be hTngan
! the fugitive member OF the Produce EX
change, committed suicide"
I Special Treasury agents seized this morn
4 ing, in house on, Rector street, $500 fin
cigars, Is, 900 cigarettes, and q large guam
tity OF leaf tobacco that had been struggled
FAsr-MA1L LINE FROM NEW YORK TO; NES
a- $3.50. ORLEANS. z 4 fll.s -. st t.'s' .,
BALTIMORE, March 14.-A dispatch: say
that on March 18th the Atlantic coas
| line of railways and connections betweel
Richmond, Va, and Montgomery, Ala, pu
| in effect fast-mah schedule, by which tn
4 time between New York and New Orlean
is sixty-iour hours and thlrty-fYe minutes
I ,st,,t.'T i. ATEsT FOREIGN NEWS. ,i e,