Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1884-10-01
The Hughes Holds.
To the Editor Of the Dispatch:

~ Utt LUWOI ~ tNc htTfpNe'''
The 9TH section OF the Riddeberger bill
as printed on page 96 OF the Acts OF A..
seTbly for 1SS1-'62, does not correspond
with the act approved by the Governor a
il stands recorded among the enrolled acts
at the Capitol in the custody OF the Keeper
OF the Rolls.
As enrolled said section reads As fol-
lows:
5. The said Board Of Commissioners are
authorized 10 issue such bonds, in de-
nominations OF Five hundred and One
thousand dollars, n may BE necessary
10 carry out the provisions Of this act.
each denomination to be OF different
tint: provided that Registered bonds may
be issued OF any denomination. multiple
OF one hundred, all registered bonds
to be Il the same tint; and they are
authorized and directed TO issue such
bonds, registered or coupon. in eX-
change for the outstanding eCidenceS OF
debt hereinbefore enumerated, including
the bonds held by the Literary Fund. a.
follows, that i, 10 say: (A) For her equi-
table share Of Class 4, at tie rate OF
Fifty three per centum; that Is TO
say, Fifty three dollars for the bonds
authorized under this act, principal
and accrued interest, nj par, from the
preceding period Of maturity to the
Gate of eXchange) are 10 be given for
every one hundred dollars, face principal,
and accrued interest from the preceding
scmiannudl period Of maturity 10 the date
OF exchange Of such ernenc6S Of DEBT;
and for any interest which may he past due
and unpaid upon the same funded. bonds
issued under this act may be given, dollar
for dollar. (B) For her equitable share OF
Glass Il, at the rate OF sixty per ceptum,
reckoning and accounting for any interest.
as provided in the ease Of Glass A (C)
For her equitable share OF class {. at the
rate OF sixty nine per centun, reckon
ing any current interest at the date
OF exchange. as in the eases Of
Classes A and b, and accOmtinJ for
the same as proyided in Class D. d.
For her equitable share of class ID. at the
rate Of eighty per centum- 90 FOR her
equitable share Of class T., al the rate OF
sixty nine per centum, reckoning any cur
rent interest. at the date OF exchange, a In
the cases Of classes A, b and c, and dc-
counting for the same as provided in class
F. (F) For her equitable share of class
4 at the rate Of sixty three per centum-
(G.) For her equitable share OF the bonds
OF the Literary Fund, as in the case Of
Class c; her equitable share Of the arrelr-
ages OF interest three hundred aud seventy
nine thousand. two hundred and seventy
Golais to be paid in money
OFFICE OF THE CLERK OF THE
HOUSE or DELEGATES AND
KEEPER OF The ROLLS OF VIRGINIA,
September 30, 1884.
The foregoing Is a copy OF section OF an
act entitled IAN act to ascertain and de-
clare Virginla's equitable share Of the debt
created before and actually existing at the
time OF the PARTITION OF her territory and
resources, and 10 provide for the issuance
OF bonds covering the same, and the regu.
lar and prompt payment OF interest there
on" rs il Appeals on pages Nos. 1874 and
165 Of Enrolled Bills OF session iSSl-'S2.
j. BELL BIGGER.
Clerk OF House OF Delegates and Keeper OF
the Rolls Of Virginia.
The punctuation has been most carefully
preserved above, and the words in italics
boye are uade, scored in the original.
As printed in the published acts the fifth
section is uDintelligible. As enrolled and
printed above, its meaning is plain TO per-
sons Of fair minds. The differences be.
tween the two will be perceived by all who
will take :he trouble TO compare them.
The preamble to the Riddleberger act
is not ike other preambes; IL Is Ell
acted into the body OF section 5, and forms
an indispensable part thereof.
The consOl bonds (Class AZ. and the ten.
forty bonds Glass b., bearing tax.recevable
coupons. cu,-worms OF the revenue, were
selected by the General Assembly for special
treatment; and except as TO the rate OF ex.
change. SO per centum for Class A, and 60
per centum for Class ID, they were treated
exactly alike.
New Riddleberger bonds. at par both AZ
TO principal and interest accrued from the
semi-annual period OF maturity next prece.
ding the date OF excharg e, were 10 be
given for SO per centum OF the face pripci.
pal OF the consol bonds and interest nc.
crued from the semi-annual period OF ma.
turity next preceding the date Of exchange.
And for any interest past due and unpaid
on the cons0l bonds funded lcalled In sec.
ton s "eyidences OF debt "}-tiIat Is TO saw.
"upon the same funded" bonds issued
under the Riddleberger act were TO
b. given dollar for dollar. The plain
purpose was to avoid fractions OF interest
or fractional coupons. When broker pre.
stnted for exchange on the LIST day Of Novem-
Der, 1882, O consol bond for $1,000. II had
attached the Q per cent. coupon maturing
LIST January. 1883. and four months Of the
six months Interest,". e., two thirds OF the
coupon, had been earned. He received ia
exchange Riddleberger bond for $3.50,