New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-03-03
NORTH CAROLINIS DEBT

prstJF OF THE VISIT or TIE COMMITTEE AP-
ror.rEp BY THE NEUTRALITY-SUSPICIOUS.
PR CENT OFFERED AND FIFTY PR CENT A>hLD
HE MATTER RTTrRgED TO 4 COMMISSION.
At a meeting of the owners of North Caro-
lima bonds held III tuis cy few weeks ago, committee
consisting 81 william J. Dc>t. William Lnnri-, Thomas
Folk and ". &. Chlttck, the part OF the New-(ofk
c,ctors aud isaac DavenpOr; of Richmond aui And.ew
Keyan Of PETERSBURG representing the virginia creditors.
WINS apu,nted 20 visit North Carolina and confer With
the state authorities concerning tie adjustment OF The
states debt The committee arrived Ia Raleigh IN The
early part OF last week and finished its work last Mon
,lay William Iuumi, returned to AcWNO.k on WcdLcs-
DAY moIn.u-, and gave to TRIBUNE reporter the
result of the committees visit When first ap
preached on the subject, said Mr. LImmis, the
state officials and members OF the Legislature exhibited
Indifference IN regard The matter. TINS, II was found,
was owing the unsettled condition OF public senti-
incut in the state, ana the poverty OF the people who
had not yet recovered from the effects of The war The
feeling prevailed that the creditors the North were
urgcut for an immediate payment of the debt, which
was considered to be- an Iinpps~im Use Nl>ithS com.
u zee finally met JOINT committee Of the two houses Ut
wr willing t. give the people of North Clr0lnd ali the
assistance in Their power 10 relieve Them o. thtlr man
willing art in tLc mat r. and finally PROPOSED TO Iund
the r"ccguz debt upon basis OF fO"oopoo OF al ING
rate OF nout 33l cent, with the understanding tHt
new bonds should he ISSUED hearing per ccut interest
Tor dive Years. and p,r cent - CATER Ihs PROPOSE
Mo proposed Oa of on SiqSooSS Sr or rS az
yisi;ug ronmtoe then sugs ted that the eboct be
rrrci q commission To b" alp"trd ny Iuc l"Estt-
ure 10 consist OF the Governor Treasurer, Attorney
urraI and two members Of each branch OF tie Legs
.turc TN, commission should confer with the owners
o bonds, ascertain II set meat could be made,
and report al the next session OF the Legislature TIN.
proposition was cheerluy acccded to, aad The iabOS VI
the visiting committee were COnClude The loint coat-
miitcc made it, rc,ou to the Legislature, which Was
accepted, and Tie oomussion Is undoubtedly by tins
Ii;ct discovering the feeling Of heir creditors,
through the action Of The visiting committee" the leading
oitizpIs Of the STATE t,tccd 10 cypress teii desire and
determination 10 Ldse Ia. IrD, PAL iai dcIl,i tNat
Thought of or respect FOR REPUTATION or tcpuii"s
WAS anywhere entertained settlement must Oe made
some lime, thoy admitted and the SOONER II was
nT tie bette! iuI the State GOV. Vance assured SIR.
Iuus that he would do al In his power 10 have tho
commission TDr upon basis satisfactory Ia both the
rs and IA, tr and that he entertained hopes
North Carolina will adjourn this week, SO tha' the result
o. the commissions work will not come beioir H. aud
unless a spccI session Dc called, the ttlcincut Viii DO
lu,:uJlrd tor two years The Indebtedness oi Norlh
lr ina j. s follows Recognized debt, about S2o0fo-
600: special tax, ~ljOODOUU collateral debt $1,000.
600 The cal tax debt Is rcpudlIlcd b. The state IN
ground ina; II j Unconstitutional, ana mere i no
tins debt ncd IN New York. but the newly constituted
commission VIII deal only with thc rcrO-u.h'd Debt
iht t"pN' !i'' I',.l, S'., - ~ -, ,ii'o
report which the visiting committee Wa report 70 40
bundnui,rs al mcttL 10 Dc held III this cuy ia mo
course of a week or ten days.
In grg,Id to political feeling IN North Carolina. Mr..
Iluiu,s- Is Dcmucru--tid tiat the election II
NJ. Hayes to the Pr >dcncy had caused much diSal-
democratic state hnt thai the prevailing sentiment &c
Raleigh aud elsewhere Vas IN favor of quiet sHOmNsl'n
- the decision. IN party rhd,s ana inpon,, iSl'is
Grafton must D. sClul' seed IN since ihd podh oMCd -
MANLY tn tlc ID uucrits. Fbu,triiug il any
manner to defeat the declaration OF th' rrsnlt before tuc
4 OF March cundcmnyd on ii sides, ana found Itie
favor even with tie most violent Nlrons hopes "cro
entertained Throughout the state that PrCH al Hayes
soutLcru policy WUulu r.duUnd 10 the bVIcu OF the
States that had been 50 BADLY msgo'cIncd.