Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1877-10-16

we can, forcibiy if we must. IT,
conteuded that the bondholders haC
iorcibly "adjusled' the debt by tn,
passage Of the funding bill and tina
only by forcible means could we rel,
on its readjustment. He spoke thir,
ty minutes, closing in an explanation
Of the Road law.
Mr., Morley next read his speech
taking IS at Saltvil!e the State plat.
form as his position on the State
debt. Mr.. Geo. ". Ward asked hin
to define the State platform. in re.
spouse to which Mr. Worley read
the platform, Mr.. Ward then asked
him if be was in favor of forcible res
adjustment, Mr.. Morley replied, "uo
sir, not as IUnder5i1nd il.
Mr.. Coale made few remarks and
read his printed circulars.
Mr. Daniel Trigg opened the de,
bate. senatorial, and spoke an hour
He admitted the correctness of the
report Of bis Saltyile speech in the
Ne1rs, except shat feature as to bis
fayoring the payment Of the ''whole
debt" This be said depended on
circumstances. He denied that the
debt Was Gl millions, and referred
to the report Of the second auditor,
where the debt Proper" at S29. )
4S9. 52G. SO. But Dir. Fowler REFER.
ed to page 4, Of the auditors report.
where the literary aud sinking funds
were added and the total debt" is
reported at 35.0O4. 294.7O, making
the debt on the two thirds basis
$iO.2i9. 204.70, and that when the
other third known as the West Viz
sinia's third" is added to the whole
debt is $G0.302. O36,G1. lie also
showed Mr.. Trigg that the interest
on the literature sinking funds has
to be paid the same as other bonds.
Mr.. Trigg criticised the Virgins
ian's account. denying that he had
admitted, at Catham Hill, be was on
the weak side. lie admitted that it
might be thought he was on the un-
popular side, but said he would rath-
er be right than on the popular side.
He favored payment of the whole
debt, and would get the money to do
it with by taking it from the salaries
of STATE officers, lie condemned
the act Of consolidation because i
gave away, as he termed it tn
States stock in the roads from Bristol
to Norfolk. and said the stock ofthose
roads ought to have been sold to pay
the interest on the public debt. The
said stock was now w0thess he said.
and the road had gone into the hands
Of receivers.
Col. FulkersOn replied in an hours
speech in favor of the Fcrciblc ReGd>
justment. lie showed that the fun
ders, who were supporting Mr. Trigg,
had controlled every Legisla ture since
1871. and that they had already cut
down salaries to pay the debt. They
had also invaded aud taken the
school funds and taken the money
due to asylams. There was some
sharp sparring when Col. FuIkerson
announced that the assets of the
State in the stock of the rail roads
was worth very little and could not
have been utilized on the debt to
much better advantage than the stock
o. the Farmers Bank, Of which the
gentlemen was director and if the
ROAD had gone into receivers hands,
SO had the Farmers Bank. lie was
no more responsible in the one case
han Mr.. Trigg in the other. Mr.,
Jonas s, Kelly was present, but had |
arrived at late hour, aud declined |
10 speak, saying his views had been !
defined in circular, which he |
vas distributing. The discussion
ended at $40 p. NJ. The Green
Spring people, as represented at the !
meeting, arc almost unanimous for
'eadjuStment. There could be no
the sentiment Ofthe crowd, |
4 hn boil nVI