The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-02-18


/ ING, PURPOSES, AID PERSONNEL OF THE
ORGANIZATIONS WHICH PROPOSE TORE
Flint, THE DEBT OF VIRGINIA -1HE mn.
poRTANcE. OF sYNDycATEs m iIIE Ar.rnsc
.y,ryTrs. nrprs ON eT.nro er,nyN I'm y
,secs-,r n1u, NJ, .,,Y .1s ~, .,1,s -, .,-,a.r
- ,.,.ra :, ,.-,., -,
A1IEaiII ~ nnfoNp TIE 30 oN taE
! PART OF RESPONSIBLE MEN WHO ARE
/ ACCUSTOMED TO AND HAVE FACILITIES
FOR SUCH OPERATIONS" 'tiS & '.'ts t'f
- ~ ....l s"l
= =, : {. 1 I. !.
The following paper, going to show that
the men Wno compose Inc fnnding associa-
tions are trustworthy and really can dowhatI
they propose, VIII pc laid before the Senate
to-day: t.'.,rf.g+ IL, - ~
RICEMoND, Va, February Is, 1879.
Major Isaac H. EarTinqton, Representative
of. the Council of Foreiqn Bondh folders,
! iondon. Enaiand. and Mr.. e. II. Leland
sont1i;,;es nf the Fundtnd Association.
is 4sILimstedl: = 800 80
| C..,,o.,a,, 10 .d;roct;on :eof tho ;o;nt.
.,en E;9.,oa ~ the ! .ao;sIat,.rs 7
:.s. isn 49,, : .as.a.t;n,, sYiontea hr
NV, sia: e.. - aapim,s 'iasfs MONT
salu s,l SJ.un..ss nnsuaso @ .ho-a.o is des;rea
AH vern e yrasnec,f,,I,v vo,,r ohedient servant.
| G. r. SMITH.
- q, Senate Committee.
III. ,a.o,nt;on nc offered Inv MFR. g. #.
c,,,n,1 o,,d odontad. y.
o%nIh mri,o. "na - bos hooon,o tba noIcv NJ the
,-!s ns'1ss Ss,,O ~ n ,a ~ thar oreot aovarn-
ohl,eu n,'sss go. a"a =. y. $500 H. rafnnd;nr
mcnts anu o.ates 10 ploSule ,nt .u1 % nnants
Oh sne'r oeoIs y! 'ne 1 sn'p phorass .l afnrts
heretofore made by the General Assembly
to convene the creditors OF Virginia ana TO
readjust and refund the puelic aeDe Dv con-
sent or the creaitors OF thelr lepIesen'.'.,
tlves nave lailed ana whereas III we" VI
the importance OF the sltuatlon ana the re-
sponslbliity OF the contract contemplated ID
the pendlnS proposltlon maue pV Tue cor
poration OF Foreisn bonahoiIers anG & Tue
fuhalhs Ass1eiatiou % ot 'ne % u't a. os.o.s s.o.s
OF America lL.ltlseu' w ieiunu .ne otaee oe
ueu' oh suen ,'.nI, o.stS ~ 10 Ea,.oI
may ne niaae aooeptapiH py tni1 .S ~ as ~
sIn'c.J " 1uo no.,uuoue:o "nI ~ .no ~
PIE, II IS proper .uaI tnis joinI inalce Soll-
Inltlee no" III conferences WIN ouI cleul!ois
DC put 10 possesslon ol toe !9'lest possipie
lhlol linut'on eohcet unS I".u 'oA poi "''oh
and ASSOCIATION; tne1eiore De IL
orah 70 furnish et their earliest
herepy requested W lulnlsn d. tne't ealIiest
|
showing the nature, purposes, scope, anu
hnanciai standlng OF sald corporatloh ana
assocations ana the comHe[elai influence,
power, aud ability OF the same 10 perform
the obligations they propose TO assume un,
DER the salo proposition pelore thls salo
conference cohhitlee'
.. ~. y. oKlAsLEI, ,
chairman 1olnt Flnance eolnllil''ee'
RICHMOND. VA, February II, 1879.
o,o,o,. ~ nv s,,;,b. of .Io;ot 1ynnnco
o''.t,m Ito,n ~ ;tioe. N''"' v '''
oo"'nSs''e' .r,s
Slr'-thc 1olio"InS IS saoihltteu "a re- re-
sponse 10 tiie resoluI,oli I, VI inquny oi .ne
!olht Oonni.'ee W H; tnanGe as ~ 'oS S;Ii.,.
tere, pposss; s"upe, t,o, no+,r nau ots s,,S
Va Tue eoi Poi "ions 'n"' ia,e ieInt'S Su
mltted proposition 10 Teluno Tue olate
debt OF Virginia. ,, ,,
A brlef reference may nrsC De maze 10
the circumstances under "hich tneY were
formed. Inc last ie" years nave SHOWN d
startilnS nunper OF ueIauits III Tue pay tnen
OF interest upon llatlonaI, SGlte' Hluhicipa''
ana corporate ponuS, resulting III uesLee
OF disturbance anu alstress tu''t cah nato'S
pe oversIa.xoi t ho5u u =.
AS IS wen hno"h, lhese ponus are noV
all, OF even Tue iuLser part oi tnetn'
10 the handS OF caPltaliS.s III larse eilies'
Ihey are ne'o py ali sorts anu coh-
a,tions OF peopie' scaItereu over Tue
Unlteo etates anu Europe, ano III niaIy
cases nave peen tne sore Lneaus oi ilialute.
hahce. 1he oHneis nase SonIo w 5nu Iu.1U
SECURITIES, once VI the hisness GieuI', nom
yieid illte or no lnGome' anu have very
uncertain marhet-Value. W hat snoulu De
done WIN tnese ponos Z. IS conlnon pu'
oy no means easilS-dns"vrea question. 1.,.o
geudnu ;s hSeas couhinot;nn ohuoTSiv "a ,T'
ISSUE IL nepless. 0
80 neeessais auu seeu.tuSs so a Ill:
I,Tud hn undarS,ond an h1 tboSe ~be have uor
tr;ed # Holders are Glow to see the dan
uleu 1t; ho .1.naat .ho; ?" st.s on1 ." -
gis gtnnd mn,o hnrv , II nan he thot bnnd ,rbiob
non s,ood vol, nod now hetter ha comnro.
ouoe $50 ~ ro,a % tnat 10 w;th;, tho obil;tv NJ
tha Jahtor to nav Rememberino the glow
;no oocounts which 1,sualIv unnamed
III colo ~ those bonds thew listen with in
ouod''I;tv eno I r. renresentotions as 70 present
sanh;i;tr,, ond ,re ant to mistr1Ist those who
,,,o1Da tber, not wholly without reason. for
,,,atiyeS ADVERSE To fine true interest OF
either dehtor or creditor have often led7So
d,Tons elIne, ueU.o, sott,amentS ~ -, :. ], -
rn"uo aooe ~ ho from these causes oreat
oad tor srnstworthv intermediary be-
tUoa, debtor and creditor. one that should
he stable With good working organiza-
tion fttnd to act promptIy, SO constituted
.s ~ command nublic confidence in its
ab;,;tv to carry ont its undertakings. and
] naade nm Of men whose names should be a
Guarantee that no settlement approved by
them would be tainted by iobbery or fraud.