The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-02-01


tee ask Of the general committee to, be dis
charged. .iS-'' - 's-s@s = - =: -s-
Senator Fulkerson insisted Upon bis mo-
tion., 1t was put and defeated. 1niF r.
sai91sr Mr.. M'cULLocH's VIEWS. :.
I Mr. McCulloch then made plain and can
did statement 'of bis conneclIon with this
debt matter, Ia which he seemed to recog-
nlze:tfie 1mpraeticabElity OF securing an in-
crease OF taxation. ais opinion was that as
the State is now paying out. about $780,
QUO per annum by means OF coupons, an d as
only about $500, 600 Of that amount actually
reaches the bondholders, some arrangement
should be made to procure for bondhoIders
who now receive nothing the difference be-
tween the sums named, and to add to that
whatever may be realized from new subjects
OF taxn:ion available. Ii, however, as he
understood from the. remarks made at the
previous meeting, the Legislature had de-
termined not to pay more than three (3) per
cent, he would shy that in his Judgment
that sort OF a settlement would not be ac-
ceptable to those whom he represented, and
ii that was the best that could be done he
had as we'll leave at once for New York.
MORE THREE-PER-cENT. TALK.
Mr.. Fry. remarked that IL the consol-
holders were to be brought into q compro-
mise it could only be done by persuading
them that it would be to their benefit, and
that their interest would be doubly secure.
Ii three (9 per cent. was all that could be
expected, be thought it was useless to waste
further time in this conference.
Both Messrs. McCulloch and Fry spoke
in kindly terms Of our people. They seemed
TO appreciate our difficulties, and were
modest in the expression of their views as
to the ability Of the people to pay.
WHAT WE CAN PAY.
- Mr.. Barbour explained his position. and,
speaking for himself alone, did not think
that at the present rate OF taxation an
attempt to pay more than three (3) per cent.
interest could possibly he available.
Mr.. Bocock thought that three per cent.
was all we could safely promise to pay.
Virginia wants to make settlement that
will be fnallty. There are few members
who would probably vote for small in
crease OF taxation, but the majority would
not think of it. Then it must be remem-
bered that we are to have reassessment OF
lands, when we may expect i reduction OF
taxable values. II we could pay "a littde
more than three per cent. now, we couldn't
after. .reassessment
Mr. Bocock impressed upon the financers
the iacE that the people are desrous OF
making a permanent and lasting settlement.
he inquired il his friends could not frame
q scheme Of compromise on a graded scale
Of interest, commencing at three per cent.
Dir. Ward inquired if in talking about
three (3) per cent. it meant per cent. on
all classes OF the bonds. ... ..... .H...
Mr. Haryie let it be plainly understood
that he never would consent to any agree
ment which did not put peeIers and consols
on an equal footing.
A SPEECH.
At this point Senator Fulkerson took the
floor and treated the bondbolders and COM
mitteemen to about an hours talk. in
which he discussed the public debt ques-
ton and advanced his peculiar views.
His platform was, in br ef, that we might
pay about 8 per. cent, but, that we should
never. as q matter OF principle, agree to
have bonds issued with taX-recelVable cou-
pons. ,.ss..-.-a.;. s7...s r. .
Mi. Mofett expressed himself in regard
to! the poverty OF the State. He spoke
about the graded system of interest with
favor, but did not absolutely commit him.
self on that point. ,g.- E--Ei.if!sa - n.
Il 81" ~ THE STERLING sBoNDs. ..i.
I Mr<Ward. representing the Barings, was
satisfied that the people OF Virginia meant
to make every effort to pav:: He was NOT
we'll enough informed to say whether the
State could pay three or four per cent. He
hinted at 3aas being probably near the
mark. He explained that the sterling bonds
were not consols., ..l2Jh"1'i ~ y. -. 1t;a5
If his position was understood Alright il
was that he was not authorized to commit
the Barings, but would report to them.
hs1,,.n =. =, ,,.'..' -. -. CONCLUSION. .
After further conference. and at the re.
quest Of The subcommittee, Messrs. McCul.
loch and Isaac 81. CarriDgton--the, latter
agent for the Council Of Foreign Bondhold-
ers-agreed to prepare such a plan as they
thought would meet the demands OF the sit.
uation, having in view The concurrence oi
the bondholders and obtaining the assent oi
the General Assembly,: ~
The subcommittee then rose to meet at II
O'Clock this morning, when the plan will be
presented. The dnaneiers leave the city this
evening. .,E.s,.
TsE.L LADY IOUARTETTE.-On Tuesday eve
ming next The Swedish Lady Vocal Quar-
.tette will give concert at Mozart Hall, as
sisted by the Russian harpist, Mr. Alex.
Frevsang, who is, said to be the second
best performer on that instrument in the
world. An who have heard the Swedish
Lady Quartette pronounce them to be very
fine. The following is an extract from the
Chicago Times a;efls..i -. -
-" The Swedish Lady Vocal .Quartette on
Monday, evening commenceda series OF con.
'certs at NcC Cormick's BALL to an audience oil
over fifteen hundred person. comprising q
large representation OF our best musicians
iAiithe selections, consisting OF polkas, gal.
'lops, and waltzes, in English, German, and
Swedish, #ere superbly rendered, and re.
,ceived with, much pleasure. The ladies
show wondeeaflfail. q eal f. training m and rare yocal
Abilities -, ,.1;-T,s5 ~ -
The, box-sheet Is now. open. at WAITS
Musical Exchange, and, those who attend
the entertainment VIII Ia bear # some charming
music. az .. a-..l. ~ La-..: 80 saia #
:. nTHE DOUBLE MARI IA g E. Pit The
Double Marriage Mr.. Charles Reade's own
stage ialaptation Of his celebrated novel
q white Lies,n win iibc presented at ht
Theatre on M Morday and Tuesday, Febrnar,
Sd and 4tb, by the. charming and accom-
nlished actress, Miss Kate Claxton, assisted
hy Mr.. Charles Stevenson and her own tirst M
class company. The New York 1ffaes says
uTbe play Isl. tuil OF .drnmatic situation
and pleasing incidents, and Is well actet
and .pnt upon tie stage. The sDonpi
Marriage may be considered q very enter
- a ~ n yrBll T,rnhaffy ofjJ0Y ai