The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-01-31

tinn could influence great number Of bond
holders he convinced nearly ali: of the COM
mitteemen. The statement OF Major Isaac
a. Darlington as to the Council Of Foreign
Bondh olderK was similar. Mr.. Ward said
that he represented the Barings. Though
1t did not appear that they were large hold
Iers, every one knew Tint their influence Is
great, fstr g.z1 4 zz
The effect OF Senator FuIkerson's inquiry
was to- show that the position in the mo-
lneyed world OF the visiting financiers is
such that anything. they recommend will be
generally accepted by. the boadholders OF
Europe and OF the North.
| - WHAT Is PROPOSED.
Mr. McCulloch did not propose anything
| in distinct terms. sv
| The two funding associations have agreed
upon plan, It is known, but they did not
advance it last night. The nearest thing to
proposition was an inquiry from Mr.. Fry
t(who is cooperating with Mr.. McCulloch) as
to the acceptability OF bill providing for
| 8 per cent. for fifteen years, for fifteen,
and for fifteen. ,: s, r...s
Mr.. Barbour would not consent to that,
nor to anything which contemplated any
increase oftaxation, present or prospective.
He did not wish to bind future legislatures
to an increase Of taxation. 49, Is
OUR POVERTY. :.
/ q A great deal about the poverty Of the
State was said. In fact, little else was talk.
1Fulkcrson pictured the desolation OF .Yirgt
MIA in inky colors.. Mr.. ,Bocock also gave
! his views. They werea little more cheerful
than the others. -. -, .,ss h;
4 Mr.. McCulloch had ddaintly intimated that
taxation was higher in other places. than in
i 'yi,se;i * :n he wasm nViIced that ours
as high as can be borne, much breath was
spent in vain.
Major I. H. Darlington said that he wa;
mot prepared TO act then and there. Ht
wanted to take the papers bearing on the
debt and examine them.
! POOR VIRGINIA.
Mr.. Harvie expressed his wish that the
visiting fnanciers could 60 through Vir
ginia, not in q paiace-car, but through tht
| county districts, and see Virginia as sbt
really is. II they could do go, he promised
them their eyes would be opened. In hi:
section OF the State the crops do not repay
the outlay upon them, and he had known
tobacco to be brought here to Richmond
and sold for less than expenses. They art
now paying taxes on their land on assess
ments varying between eight and twelv'
dollars per acre-much more than the lane
can possibly be sold for. When the reas
sessment provided for by the Constitution
is made, the average will not be as much a
five dollars per acre.
Mr.. Haryie declared that the State OF Viz
ginia is going into debt every year, and thu
1t is as much as We can do to bear the pre-
, sent rate OF taxation, and that any increas
, is utterly impracticable, and that it is use
less to talk about it. To pay four per cent
is altogether impossible.
! This was the drift OF Mr.. Haryie's argu
ment. ,'.-
It did not give very encouraging vie1
4 certainly but the most Of the committee
! men did no better in that direction.
: The visiting financiers had very little t
say. Their object evidently was to get Il
the information possible. They had eS
: pected to hear vast deal about Virginia.
l woes and poverty, and were not disaT
= pointed. The conference was a pleasar
e one. Though apparently little was accom-
e plished much was said last night that ha
to be vented at some time. . ...-.-
The prospects may be still reported {
: encouraging. When Messrs. McCullocl
r Fry, Ward, and Darlington, present the
8 schemes, then real business may be locke
for. ....,
t The conference, at 1880, adjourned unit
t 4 O'Clock this afternoon.