The Russellville Democrat., 1878-01-31
TO the People of Arkansas.

to include the Holfords, or some thing oyer three millions, not to in clude the Holfortls. Of course 1t can make no difference to me individual ly, because you know l have told you from the first that l would not accept cent of compensation for any part 1 have taken in bringing about the settlement over and above my expenses. It does seem to me, particularly now, that the status of the ieyse bonds has changed; that if we lose this opportunity for a settle meut, we will ever have cause to re gret it.
 Please telegraph me on receipt of this. I mall so you will recieyc it to night or early to morrow morning. Truly your friend, JNo. D. ADAMS.
 To which I recieved the following answer on the l4th:
 BATEsvILLE, January 13, 1878.
 DEAR SiR: Yours of the 1lth inst. at hand. l answered your telegram as directed in the dispatch that l re- ceived, that directed answer be ad- dressed to c. D. Horne, Cincinnatti. Learning next day that no such man could be found, telegraphed answer to your son, viz: "We have nothing to do with Holford's; will not con sent to any change" It would be difficult to get the plan proposed adopted. The change suggested by you could not be carried. Will be at home on Wednesday,, if possible. You should consult Rose and Comp ton. Yours truly, W. R. MILLER.
 On the morning of the 16th of January, l rccieved the following night telegram from MT. Redfield:
 NEW YORK, Januaay b. Jno. D. Adams, Little Rock, Ark,
 Twenty men representing over two million dollars, various kinds of bonds have signed letter requesting Governor to call legislature at once. All others will sign as soon as can see them. J. E. REDFIELD.
 The above I enclosed to the Gov ernor and asked an interview. To this the Governor sent me the fol lowing reply:
 LITTLE RocK, Jan. 1G, 1878. Maj. Adams:
 SIR. We are ready now to lleal you. Yours truly, ". R. MILLER.
 l at once repaired to the Executive office where I found the Finance Board and delivered verbally my re- port which they requested in writing and which 1 wrote at that time in the Executive office. l have no copy bat 1t embodies ill substance what wrote on the 11th, and recieved on the evening of the 18th the follow ing reply:
 OFFICE STATE BOARD OF FINANCE,
 LITTLE RocK. Jan. l6, 1878.
 Sir: Yours of this date addressed to the Governor, as President of the Board, has been laid before tho Board, and has been duly considered
 The reasons of the Board for ac ccptipg the proposition of yourself and Mir. Redfeld for the settlement of the State debt, and agreeing tc recommend it to the Legislature were based upon the advantages o obtaining full and final settlement of all claims against the State, whett CT disputed or undisputed, by the common consen. of all the claimants We regret that the plan thus propos ed has failed, and that you have been disappointed in the praisewor thy undertaking of securing satis factory adjustment of the debts and liabilities of the State, an undertak ing in which we have given you al the aid in our power.
 Regarding the proposed substi tutes for the original plan as set out in your letter of today, we cannot recommend them as being eligible By one of these substitutes weshoult consent to materially increase the is sue of the new bonds, and by tht other we should forcibly prescribe terms to part of the claimants which would be Tn effect to lose al the advantages of a friendly settle ment.
 A proposition of this kind stands upon a footing entirely ditferen from the previous one, and is of sucl a character that we cannot recon mend. Such course might possi hly be iustiiable, but we regard it a this time as being at least premature Thus we find ourselves unable to ac