The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-11-02

ieek and presently produced some closely
written sheets OF paper. ON the left-hand
.orner Of which ! noticed was printed
Va. heading.
And them | suggested. s'you concluded
10 appeal TO the Repubicans"
Exactly answered the banker. ave
sent special agent 10 Virginia to inter
view Malone. our agent prepared very
'uIl report OF that interview. Here i IL;
you may read il II you like
The report contained quantity Of COM
Darati,ely uninferesfing data hearing on
he general auction. but the Malone inter-
view stood out like a pearl among lot Of
pebbles. With the aid of n few notes ! am
able to give the important parts Of II rcrbd-
tim, as follows:
MALONE WAS APPEALED TO-
"When I called on tcneral Malone in
1887. the campaign was just opening. when
he hoped would result in sending him back
10 the United states senate. told General
Malone that was special agent Of COM
pany representing a majority Of the foreign
bondhOders. who. Of course, az general
hing. had no interest in American politics.
but who. in the present circumstances.
were prepared 10 exert their influence on
behalf of the party that promised something
definite in the way Of settlement OF the
bond question. | further said that we eN-
pected some statement in advance as 10
what measures would be adopted in the
event Of "A favorable election.
81 can settle this question, said General
interrupting me. and ] am the
only man that can settle 1t. The Democrats
admit it,
=. But. General said /. we will not ac-
ccpt the terms Of the Riddleberger bill
"'You don't need too, was General Ma
homes reply. The Riddleberger bill is a
corpse. an abortive effort. and recognize II
as a dead cock in the pit The Democrats
realize that am the only man that can
effect a settlement with these bondholderr,
and they are willing to steal my thunder.
II will be my policy not 10 raise the DEBT
question at all in the canvass. The election
once carried. there would be little difficulty.
BY allowing the free schools 100000, there
would be 81. 10000 applicable 10 the pay
ment Of interest on the public debt. Thorn
ton made great mistake in not coming 10
see me. But am afraid there's goin. to be
too much money on the other side at this
election
".Of course remarked at this juncture.
our interest lies our help VIII 90.
MALONE NEEDED 10000.
.s.Nv campaign fund j. 100000 short.
answered General Malone. j would need
that much more money 10 feel confident OF
my election
...What would be- your basis Of settle
mcnt = asked.
81 am willing 10 submit the question 10
arbitration now replied the General. !
will choose one man besides myself 10 meet
two from your side. I'm case there is no re-
suit we will agree upon a fifth, who shall
decide finally
Il will here remark" said the banker.
.fhat il was understood that this 9Th man
should be senator John sherman. or some
one Of similar standing as iinancier.'
General Malone continued: " I'm the
first place. the principal will be found with.
out scaling; that the interest Will be fixed
al rs large an amount as the state can pay
and live. This will be over $4,000. As u
coupons, there II too strong
an objection i'm the State to them; but this
difficulty can be- removed by placing both
bonds and coupons in trust, the coupons IL
be delivered mp only on payment Of the IN
torcst.
DO YOU anticipate no difficulty,
asked, in getting yOur party. when IN
power. 10 pass law increasing the rate Of
INTEREST,"
MANUAL = IAN I = w fNfH's
... Nh D0ffv.' onxrcrcd Gcncr0i Ma
h0ac.' rs the Negro party. The negroes
do MT pap lures. md they dOnf cure hOT
much he chdcs pup.
General Malone then returned To his
statement Of details As 10 how the proposed
plan would be carried out.
".My election 10 the Senate he said.
would make possible the passage of the
IfIt and this a. the
state could be applied 10 the debt and in
terest. I'm case this plan of arbitration does
not strike You iayOrably. there Is another
method both simple and effective
.When General Malone had fully eX-
planned this method 10 me was in a posi-
ton TO fully agree with him that he was
quite competent 10 settle the bond question.
lie explained that SlO,Wn.OO0 Of the old
debt Of Virginia. or One-third Of IT, went
with the Territory Of West Virginia when
she became separate state. This debt
was represented 10y scrip. of which the
state of irginia was trustee for the bond
holders.
MALONE WOULD SELL VIRGINIA TO IllE
HIGHEST BIDDER.
eve could get a bill passed i'm the Lcgis-
lature." said General Malone, authorizing
"a suit ifN lHf Ti1lt VI -iultt IL iii'i'' IVA
the bOndhOldcrs against West \ir-
ginia. This would bring Virginia into the
courts. and she lrOuid Hcrer get ont mil
she recognized her OirH contracts 0nd
iiQuid0fcd the 00iOUW 0djUfged 10 be
,iae from her. II was stupid Of the joint
10 refuse the offer made by the
commission from the council of foreign
bOndhOlderS.
But said /. overwhelmed by the audac-
Itv of the Generals scheme 10 involve the
two states in a lawsuit. a. a means of COM
polling them to pay their debts. how could
YOU possibly obtain the necessary legisla-
tom
THE members of this legislature was
the reply. would not understand the true
value Ofthis suit They would have no idea
hat Virginia could be forced to pay its full
lebt through the bringing Of such suit. |
consulted Roscoe Conkling about the plan
and he said il was feasible
''Ihen / asked General Malone if, in re-
urn for such assistance as would send him
% the nited states senate, he would
pledge himself 10 carry out one or the other
If the plans he had described to me- lie
answered without hesitaiiOn
OFFERED To PLEDGE MS COMMISSION.
81 will pledge my commission as United
states senator. II the plan agreed upon
hould not be carried out would resign
This ended the interview. ! told Gen
raj Malone that | would report 10 my
principals. who would inform him of their
lccisiOn.'
"lou observe" said the banker. as | re-
urned to him the report Of his special
Igent, that the state OF Virginia narrowly
scaped being sold 10 the highest bidder
lad he been elected General MahOne's leg
station could have placed the state in the
ands Of marshals, who could have placed
under the hammer"
But he was not elected. How about your
100000 investment in the Mahome cam
align fund.-
IAnONE's PROMISES NOT WORTH SlOO.0Oo.
The Lombard-sireet banker smiled. "After
lily considering our agents report we de-
lded that il would be unwise 10 invest
cavity in General Mahone's promises"
The great mineral resources Of Great
ritian are shown by the fact that the pro-
IctiOn in This line i'm the wear lS~S reached |