The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-07-02

and redemption are at hand. The c5niin
gent fund Is now ample for that purpose
and this oDimittee'respecuuIly represent
TO The CounciI The imperative dnty which j,
imposed on u of transferring without delay
from The contingent fund to the account OF
interest and redemption the sum Of $1,000
and accordingly herewith present resolu.
tion for your adoption.
The revenues Of the sinking fund are
ample TO retire the bonded debt o! the
city maturing In July and August OF the
present year. This committee, however,
gives timely notice 10 you, and through you
10 the next finance committee, that the
sinking fund on the fst daY OF January,
1881, will not be sufficient 10 retire the
bonded debt OF the city then maturing
Amounting TO S1sS, ,30S.17 OF G per cent. regis
tered bonds. The sinking fund will be suf-
flcient to pay of portion OF this debt,
leaving 100000 TO be provided for. or
course ii is well known that this is owing
TO the fact that the sinking fund was not Or
ganized until July OF the year 1874, and has
not been In operation long enough to have
acquired the necessary size TO enable it 10
perform its functions to the full extent Of
its design, and as they will be performed as
the city debt is gradually brought within
its reach. -
The issue Of per cent. bonds TO replace
the per cent. falling due January 1, 1881,
offers a ready mode Of meeting the demand
for payment. And this committee cannot
doubt tbst eventually the whole debt OF the
city msy be readily funded in these per
cent. bonds, thus materially reducing the
lam ~ int TIM fn,Oaaa
OF the city are in a prosperous condition,
and its bonded debt easily within control.
This committee cOngratulates you o, this
condition OF affairs, and leaves TO YOU wis
dom the maintenance OF our cfedi and
prosperity.
Respectfully submitted.
HENRY G. CANNOT,
Chairman Committee on Fnaice.
A resolution transferring $1,000 N sug-
geSted in the report WAS adopted.
BUILDING PERMIT GRANTED.
Mr. Scott presented a Joint resolution
granting permission to Whitehurst owen
to erect a plaining-mil, &c, on Twelfth
street near Canal street. Agreed 10.
THE GOvEENOE-sTRELT GRADE, &C
The following paper was laid befoe the
body by the Chair, and, after being partly
read, was, on motion OF Dir. Todd, reerred
10 the Committee on Streets when ap.
pointed
COMMONWEALTH OF NIIGINL,)
LAND OFFICE,
RICHMOND, Va, July l, 1880.
10 His Honor ". &. Darlington, Myor ::
Yours OF this date, postponing conference
with City Council upon the matter !, con-
troversy, received, and being anxious that
this matter should be brought befo'e the
Council at an early day a possible, oclose
communication on the subject, AMI ask
that you will do me the favor OF nving
same presented to them at their meeting to-
day. / am, very respectfully. yous,
J. VI. BEOCKEHBR0GH.
LAND OFFICE, RICHMOND, July l, 1Is0.
TO the Honorable Council Of Richmond
city;
Gentlemen Through the courtesyoi bis
Honor Mayor Darlington | have ben Ie-
ouested to meet YOU in conference touching
certain matters in controversy between the
State and city.
Upon reflection, I have no aut1oiiy TO
represent the State, and am without power
TO make or accept any proposition affecting
the issues.
MY position places me on the defensive,
and my duty in the premises is 10 proect
and defend the property OF the State With
such power and means as have been placed
at my command.
| Governor Holiday and Attorney-GenTal
Field are unavodably absent from the city.
Under sucn circumstances | shall nOtat-
tempt TO argue the points involved, sucl a
line OF defence being the province OF G6e-
raj Field, who is willing and anxious, wlen-
ever it suits your convenience to accord aim
the opportunity and privilege, To be herd
in behalf OF the interests OF the State.
| will content myself, and with due defr-
ence submit that. in my Judgment, the orer
made by your honorable body for cutting
down Twelfth street is ineXpedient, imlol-
itic. unwarrantcd by law, and can he po-
ducliyc OF good to neither State, city, ior
3eople. Neither special peadings OF bT,
nice constructions OF bench, nor earnest e-
titiops OF Interested individuals can alter DC
facts:
That the execution OF your order wi
materially and irreparably iniure the pp-
perty OF the State;
That YOU derive your city existence, will
lis chartered rights and privileges, from De
LEGISLATURE, which never purpOsed, interd-
ed. or contemplated. that the liberal prof.
sion OF their bounty should ever be usedOI
construed TO extend TO the City COuni
power to destroy Safe property, and mae
lespecjallv without Offering the State tC
common courtesy OF fair bearing;
That sad charter could under no circun
stances cover any right or justify any an
thoriiy on your part OF giving TO single
citizen financial advancement; TO Others {
serious outlay and injury; 10 the State
losses inc9lculable; 10 the property.hcld
ers. increased burdens; ard to the city snt
its grades, absolutely nothing.
| or taking the view OF the defenders o
this project, to iniure tn, State and pro
pertv- holders upon the hre contingency
that the individual you propose TO beneti
will erect q grand hotel, ,nd by so doinl
may enhance the taxable vlues Of the city
In have been officially inbrmed that tbi
order OF YOUR Council VIZ made solely a
tbe instance OF Mr. Belvin and that no i'm
proyement TO the city or itigrades was con
templated or designed beYnd the eXpecta
tjon OF having another h0te. erected.)
Again: Under the petition OF said Bel
yin-under protest Of otherprOperty-
ers. and with the State authorities IN tota
Ignorance OF your purpose to encrosc!
upon their domaln-you ordered this work
refusing the state any delay; deiyng TN
wishes, opinions, and protests OF Governor
Attorncy.Gencral, and Superintendent o
Public Buildings; forcing the tliIg OF
bill OF Injunction, and are now pers',enil.
endeavoriDg to press the matter to- hast
conclusion.
In the absence Of General Field lave NJ
means or authority to employ other c0Ensel
and can only avail myself OF this oplertu
nifty to protest against the cutting do,n o
| I,.raltth atrnnt nnd ~ far na ny autlnrit