The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-02-04


rWerereiecte1 by by,fhe,commitfee.i = k
Mr. Smith, OF Nelson, urged that it was en-
,tipely competent this Joint fcommittee t
further confer with the creditors and thei
representatives: that no action should b,
reported, under any circumstances, to dh,
Legislature until every spossible effort Wal
exhausted to agree upon an, acceptable, an(
final proposition; that he did not. Under
stand thai che pending proposition WIS tfa
ultimutun OF the creditors, but thatiit was
as lfaraasi they were NOV ahthofizedi t05 se
without consulting those associations ahl
bondhoiders- -Whom they represented. =
rBecock, epncurFed with MI, Smith,
Mr.. FulkeTson wanted the. Joint commit
tee to report the proposition TO the .Legts.
lature, with protest against it out. and out.
After further discussions, at IL NJ, the
committee, without voting on any Ssher
propositions decided ,:tu adjourn over unit
P. NJ. last nightj3V s'Nal- es&i4 liz !:
AN ACKNOWLEDGEMENTS Eta 9
Noticing a3ter the committee adjourned at
noon, six9or eight members OF; the! Joint
committee accidentally got togetheIs an d
after consultation agreed upon The follow.
ing letter. which was entrusted to Mr.
Smith, Of Nelson, with the request, that he
present it us soon as possible to all the men,
bers OF the joint Finance Committee; which
was done, except as to. Mr.. Harris0ns OF
Sussex :; MF.i Crank aud Sfr. Abel II. John
SON, delegates, who were absent from. rthe
city, and Generni Bradley T.. Johnson;, OF
the Senate committee, who was. not found.
The letter IS addressed TO Major, Isaac H.
Carrin gton, MIR. e. r. Leland, and Major
Charles S., yCarringtop, representing the
bondhelders' associations and and others, apd
is In sRbstance: 80, = Z. -
That il they deemed it not inconsistent
with the proprieties Of the occasion, mas
much as they had Informed the joint COM
miftee that they had no authority to- alter
the main features Of the proposition made
by MeCulloch and others, would they
confer with their principals to ascer-
tain il an extension of the tirDe tive
years. for which three per cent. inter
est was 70 run could be obtained.
ferred TO lin the. letter, and it was agreed
that as to minor points loi detail that! these
representatives felt that they had authority
to act. This letter was signed by Grlmsiey,
Smith Of Nelson, Belts, Zee, Brooke, :koi-
ner, Hurt OF Pittsylyania, and Tyler. iofHhe
eleven members of the Senate Finance Com
mittee, and byaAnderson,. Echols. Graves,
Oglesby, Bacock., Keyser, and Taliaferro p1
Norfolk, Of the House Finance COMMITTEES
fifteen in number, three being absent one
OF whom-Joh JohnsQn ,0ft AccomaciN33Roonio E
have signed ii. --h3 / : IS i.-.+l !" s.
At about 5 P. M. Mr.. Smith had dis
charged his duty by presenting the above
letter to all the committee except Mr.. Bar.
bour, whom be failed to see by accident ne
fore that time, but who subsequently de-
cIiued 10 sign il, as bad also previously
thereto Senators Fulkerson and Paul, o.
the Senate committee, and Delegates tShn
mate and Harvie. of the House committee
Soon after handing the letter labout +,
N.Y. to the gentlemen to whom it Wasl ad
dressed, Me, Smith received the folleWlnns
81 - ~. AsFlToRABLE ANSWER. >thf
RICHMoNp, .Fe bruary s. 1872
Messrs. d. Il. Ginssley and Others:
i sGeptlemeu,--We have received your let
ter;o this date reg qaestipg that we refer q
our principals the question. of. .extendinE
the etiif,e during which 1.-The bonds contem
Mated, in the POSITION of the ;hondnela
ers shall, hear three per ncentuEa, ;lnieEesl
We !eheerfuily aceede 20: this rsqngest qg an'
WIN immed ediately comm unicate the same q
the corporations I'VE represent. 3 Ine resqi
win be comm1Igllnlilcaated 1Ig a the earliest posSl
bIe moment. ;'.tl3Itv,ay "f zl:ii,S3at; ! ,
= ~ We are; most respectfully, :i3s & ,.,.,,,,.
"idJ .i1i' Tour obedient Servants, ,1rfehi
Isl Ia. y,,,,,f II .rg ..tssIsAAC H. CARINGToS,
- 3@for Counsel Of Foreign Bondho o1ders,;
* so y - gssss *, CHiRIEs S. CARRISGToE,i
Isl faset: sia!df ID. II. LELAND. az ~. :,
for Funding Association OF UnitedI state
!oE America iiimited1 1.s.st5. tac,a! .i,.:,,
Messrs, Motfett and FoWiers OF the Hous LOU
committee, responded to Mr. Smith as fol
M. CT: Smith: ,,..,,-..a s,,,, f,s..s.
- Dear Sir, - Without committing ourseiYe
in any way to other features OF the PROPOSE
tion1of Me.srs. McCulloch and Others to SET
Tile the public debt, we regard an iexten slol
OF the three per cent. period as essential i
its acceptance In any form. 81 tisl,l i
Very respectfully, 90 'i. |!
t:g e 5'S. 4 stfs,.., ~ = I. c. FowIER,.
:s.5. 5, I. .S y, 4 ,s s., h. MoFFETT.
g =. ! TIE MIGHT SESSION. y i n si ss,.t
g. The committee met last night pursuant t
adjourn ment, and after eoDst stderab!e discus
sion on minor points, adjourned to meet q
the can OF the Chairmany $50 ast9 pear 5roE
the bondholders again. 1t is understoo
that the representatives. .of fhe: ndnoiaeF
have photographed their principals an
Others, and win appear before easnef tl
fnll iofnt Dasttee OF the joint snb.sonI
srnittee,,ras may be- determine o., sIhe Joln
committe "a majority of heInTares dstes
mined to exhaust all honorable means
seGare d settlement, as 1t Will pc oose.se'
that aioEity. OF .both Senate ana houS
eomni ahaEa signed. the apDYslieltsel ~
dressed to Messrs. Car1ingto l1eland' ali
sFY,