The times. [volume] (Richmond, Va.) 1890-1903, 1890-06-29
THE DEBT NEGOTIATIONS.
HOW THE MOVEMENT is RE-
GARDED IN WALL STREET.
Sound Foundation for Successful Agree
ment--Efect OF a Satisfactory settlement
Upons;enerai Credits-New York Items
of Various Kinds.
NEW YORK BUREAU
RICHMOND DAILY TIMES.

I
June 2S. 1890.
j. :. ". Umsted in the Epoch says: ~
most gratifying sign Of the times in indi
eating how generally the important fnan
cial interests Of Wall street are committed
TO schemes for the betterment Of the posi-.
tion Of affairs is the launching Of the new
movement for the refunding Of the Virginia
State debt. The record Of past efforts has
been one Of loss 10 creditors and Of hari:. 70
the standing Of that historic Common
wealth. But it is proftless TO review the
past except as it points out two things,
the limit to which the financial resources
of the state can be used in settlement
with the bondhoders and the er-
rors made by the latter in attempt
ing negotiations before they could
assure the State authorities Of their
ability to carry out any agreed-upOn
plan. The capitalists and financial officers
who are undertaking the present scheme
begin wisely by laying sound foundation
for negotiations in seeking a massing to-
gether Of the creditor interests. Accom-
plishng this, they will be able, ON the ap-
proval Of the concentrated bondhOlders, 10
carry out any contract which can be made
with the Virginia Legislature. The gentle
men who compose the bOndhOlders' commit
tee bear names that are an assurance OF
fair dealing and capable management i'm the
conduct of anv negotiation. One New York
member. President OlcOtt, is head Of an in-
stitutiOn that has an enyiable record in the
carving Of difficult railway reOrganizatiOns
to a successful cOnsummatiOn. The adj
yisOry committee, led by Mr.. Cleye-
land. has been shrcwdly selected with
a view TO establishing confidence in the
Of any refunding plan it may
recommend to creditors, while the names
will tend 20 invite the confidence Of the
debtor State, and stimulate disposition to
90 as far as possible in the adjustment OF
10 bOndh0lders. The fact that
the bOndhOlders' committee has already
secured suspension of harrassing itiga.
ton between debtor and creditor, Is a sig
nflcant omen OF future success. do not
see how Virginia bOndhOlders can fail TO
cooperate cordially with this movement to
effect settlement which cannot but exert
a wholesome influence upon general credits.
COMING ATHLETIC CONVENTION.
Atthe coming convention of the Catholic
! I
Washington next October, New York will
have from twenty-five TO thirty societies
represented. New jersey promises 10 dis
play some of its old-timc enthusiasm. Arch
bishop Ireand's diocese Of st: Paul prOmi-
ses a noble representation. In Ohio Father
stafford is working for the cause. In Chi
cagO Father MuldOOn is at work. In the
south the signs are most encouraging.
Bishop Macs. Of COyiugtOn, KY. has taken
great interest IN the Young Mems Union,
and promises to do all he can 10 further its
cause. From Richmond, Va. Juan PiZZini
promises that the McGill lyceum will send
"A delegation. The Roy. Father Kelly. OF
savannah, Ga. promises a delegation from
Atlanta, and Charleston viii sefti repre-
The convention promises 10 be
the largest and most successful one in the
history Of the Union.
RAILROAD EARNINGS.
statement of Norfolk and Western Rail
road Company from January lst 10 May
3lst. Gross, 1890, S2.j22.3jS; 1889, S2.Wl,-
100; incomes, Sl3O,J6S. Op. eX. and taxes,
1880, 81, GS2,079; pSS9, $l.3J9, ljG; increase,
$3l3, ,s23. Net. 1890, SS39,3lS; 1889, S1O2,633; !;
increase, SllG,7ii.
POOR JOHNNY ROACH.
1t is not many months since all the l'epub-
lcan organs all over the land were grinding
out the chorus that told of John Roach as
poor abused creature, whose business had
simply been ruined by Secretary OF the
Navy Whitney, under Democratic adj
and the editors wept bitter
tears while rehearsing the sad and pathetic
story OF persecution practiced upon this
inofiensiye old man, whose gray hairs had
been brought i'm sorrow TO the grave by the
imputatiOns Of a hostile and heartless ad-
versary. But the tears were Of the crOcC-
die variety. The Roach yard has just been
appraised by experts, and the valuation
placed on il ranges from three and one
quarter to three and One-half millions Of
dollars.
SCHOOL TEACHERS EUROPEAN ENcuR
SION.
Two large excursion parties left for Eu-
rope to-day by the steamships Furnessia
and Gellert. made up Of nearly two hun.
dred school teachers from this city and
New England. The tour includes visits to
scotland. Holland, Belgium, France, Eng
land and ireland. They will return early
in September, in time for the reopcning the
schools.
Among the distinguished passengers
we.e President Warield, Of Union tnlyer-
.ity, Of Ohio, and President Pater-
sOl, Of the Kentucky state College
DIR. GIBIEG's PATIENTS.
DIR. Gibicr. Of the Pasteur Institute, says
that the case Of the young boy who came To
the institute Yesterday with the first SYM
toms Of hydrOphobia, is one of the worst
cases that he has seen at the institute. The
bOy was bitten over two weeks ago. With
in the past few days he has shown SYM
toms of dulness dizziness, and is extremely
nervous. DR.. Gibier expects to hear some
thing more about the boys condition to-
morrow. If the boy is no worse the doctor
Will give him the hydrOphObia treatment.
The cOlOred boy, John scott, who arrived
from North Carolina Yesterday, has had one
incubation, and will take the regular TWO
weeks treatment. The other cOlOred lad.
Thomas Corpening, who was bitten at the
same time, and also "A little cOlOred girl from
Georgia, are not serious cases, although
they have all been badly bitten, and b!
rabid animals; but rs they have come 10
the institution befOre the hydrOphobia
SYMPTOMS have appeared, DIR. Gibler
believes they will be cured from all danger
of the disease. Three patients were dis
charged to-day, practically cured. One Is
boy and the other a young man. both OF TINS
CITY, ,'and the other "A lady from Staten Island.
The lady was in very serious condition
when she came 10 the institute two weeks
ago, but is greatly improved now, although
the wound itself j. not thoroughly healed
Little Edna GlarZmann still remains
AT the institute with her mother, and Il
growing brighter and more cheerful every
day. Her leg, which was so badly TO torn
by mad dog, is slowly healing, but all
danger of hydrOphobia has passed. All OF
the other patients are doing well. Eighteen
were inocculated az the institute TODAY.
ODDS AND ENDS.
Several ocean steamers sailed to-day, all
carrying very heavy list OF saloon, second
cabin and steeraee passengers.
General Daniel l.. SIckles, the presen'
sheriff of New York, is said TO be Governor
Hills choice as candidate for next
MAYOR.
The Hungarian Hebrew congregation
Pol Zelek, are making extensive alterations
i'm the buildings No. 81 and 80, Pitt street.
which they purchased lately, and which
when finished will be the handsomest syna
gogue i'm the city. The site was formerly
occupied by the Parish school Of II. Mary'-
Roman Catholic Church.
MonseignOr kain, Bishopof Wheeling, W
Va, who with a party consisting OF thre,
priests and two ladies has lately returned
from the Holy Land, had AN audience with