The times. [volume] (Richmond, Va.) 1890-1903, 1890-06-12
THE DEBT SETTLEMENT.
AILYcONFEReNCES BEING HELD
IN NEW YORK.
Public-The Recent o.. and a. stock
Purchase-Raiiroad Earnings and Gen.
erai Metropolitan Mention.
NEW YORK BUREAU.
RICHMOND DAILY TIMKs,


plan Of compromise in regard 10 the Nir-
ginia debt, have been holding conferences
nearly every day so far this week. This
committee. rs UIE TINES has stated, ia
made up Of Mr.. Olcott the president of the
Central Trust Company, Of New York; Mr..
D,ckey, of H5rown brothers; MIR. Bull. ex-
president OF the New York Stock Ex-
change; MIR. Budgc, Of Hallgarlen A.
Co.; Mr. Garden, the president of tho
New York Southern society. and Mr.. GIN,
| the president of the Mercantile Trust Com
pany. Baltimore. it i understood that the
members here are in constant communica-
tion by cable with Mr.. Bun. who is in Lon
| don and will give immediate publicity to
/ the full details agreed on by the parties at
issue when the POINTS are ratified by the in
| terests ON the other side OF the Atlantic.
| The plan will then he passed upon by the
| advisory board, consisting If ex-prc-idcnt
Cleveland. Hon. Thomas +. Bayard, Hon.
h. J. Phelps, Mr.. George :. Coe, president
of the American Exchange National Bank,
ana Mr.. George q. Williams, president OF
the Chemical National Bank.
INTEREST IN THE II. AND o. PURCHASE.
Interest over the purchase OF the holdings
of the Baltimore and Ohio stock from the
city OF Baltimore by Edward X. Bacon, in
creases as the possibilities Of the purchase
ed in the purchase are very close
mouthed. The purchase is not made
directly by the Richmond Term-
nal Company, but 10y syndicate
composed largely of Richmond Terminal
people, including John II. Inman. senator
Calvin ;. Bryce and General Samuel
Thomas. With these men in control OF the
I'll.
Richmond Terminal would naturally be we'll
cared for.
There is another combination probable
and that is with the Northern Pacific
Railroad. The Baltimore and Ohio
Company own valuable terminal IA
cilitios in Chicago. The Northern Pacific
wanted these, and was not ayerse to Sc
curing n completed iranscontinenial line.
1t is said that the Bacon people, when they
found that Mr.. Willard was in earnest about
purchasing, began negotiations with him
that resulted in his Withdrawing his bid,
yet which gave the Northern Pacific all the
privileges they sought; and while not con-
flictng with each other in any way. they
viii form very strong combination, both
offensive aud defensive. The object Of both
the Richmond Terminal and Northern Pa
cihc was to reach New York.
The Baltimore aud Ohio own valuable
NuAtl-llUuA anu hdiN'l IltNlit-t7 III illN
part. but have no direct connection Of their
own between New York and Philadelphia,
hut have a strong traffic arrangement with
the Reading and The Jersey Central. which
brings them into this city. To complete tho
scheme OF the Richmond Terminal and the
Northern Pacific 10 reach New York, both
these roads has Ia be dealt with, and So sue
cessflilly, 1t Is believed, that they are In
hearty accord with the whole plan. At
f.u.t fki. il the fpll in N all -fFt.l In
day.
WHAT MIR. INMAN SAYS.
The above IS corroborated as far as tho
Richmond Terminal is concerned by spe-
cial 10 the Baltimore rnn from Washington.
which says: "A compactly-built, sialwart
siX-fOoter stood at the counter of the Ar
lington Hotel to-day, and wrote upon the
| register in firm, business handwriting,
John III. lnman, New York city, Accom-
panyIng him were members Of the New
! York mercantile community. sent To Wash
ington in the interest Of the Improvement
of The Mississippi river, and who viii ap-
pear before Congress tomorrow.
"My object Ia coming To- Washington nj
this time,' said Mr.. inman 10 q representa-
tive of The sun, "is primarily Ia add my
mite relative to improving the Mississippi
river and its tributaries.
'It is quite likely he continued, "that 4
will have something to say about the pur-
chase of Baltimore and ohio Railroad stock,
but nothing definite has been agreed upon
a. to the part the Richmond Terminal
will play in the transaction which Mayor
| Davidson has just sanctioned. There arc
eight thousand miles Of railroad tracks
terminating at Washington and known AZ
the panyile system, but which have a vast
territory lying to the southwest Of this
country and tributary 10 them. Naturally
| enough We desire an outlet for our trade
at New York, and the necessity for pnrchas-
| ing the Baltimore and Ohio stock viii las
apparent at a glance. This task WAS en-
! trusted 10 Mr.. Bacon, who is yice-president
| of all Of our southwestern connections, and
he has accomplished everything satisfactory
to those who gave him instructions.
"When return 10 New York tomorrow
there Will undoubtedly be "A meeting called
Of the directors Of our roads, and then II will
be determined whether or not the Richmond
| Terminal will De- represented individually
or as a corporation in the new deal. Ne
gOtations have been going on for the past
ten days, but they have not crystaliled suf-
ticiently for me to say just what the atti-
tude OF the Richmond Terminal will be-, but
it will be interested eiiherdirctly or lndi-
rectly in improving the opportunity 10 get
10 New York without further molestatioD.'
RAILROAD EARSINGs.
! Memphis and Charleston, fourth week In
Nav, 1880. $a,93f; 1852. S3,JSl; increase,
81 ,3j2. Month of May, 1890, sl43,2J6; 1883,
slls,53s; increase, S2i,75I.
MISS CALDwFLL's TACT.
stories about the Misses Caldwell begin
to appear I'm considerable afiiuence now
that the eX-iiancee CT Prince Murat has
come back 10 town. one af the latest IL the
following which shows that Miss Gwen
dOlin has not lost any Of the kentucky
nerve and tact of the old Colonel, her
lamented sire. IL was four or iye years
ago on a previous return from Europe that
she brought with her French courier, who
had been with her in Europe. She found
she had no use for him aud offered him
months wages 10 leave her. The man in-
sisted on having years wages and she
was in a quandary, As she found she was
legally bound TO lind him employment for n
year. ON looking AT her contract with him,
however, she also found that IL did not spec
! ify the exact character of services
he should render. There was ono
clause which declared that he should
make himself generally useful. She sent
for the manager Of the hotel where she was
stopping ard told him the situation, ~
questing that he would let her set the
courier AT work sh0yeling coal under tho
boilers by which the house was supplied
| with steam, IN order to pay the mans
board. The manager saw the point AMI
consented. The courier WAS ordered down
to the coal heap, and came back in half an
hour. perfectly contented 10 take his months
wages and quit, and only fearful that be-
would be Obliged to quit without that con-
ces5iOn.
GENERAL AND PERSONAL.
The heat to-day has been severe. bu. fair
breeze tempered il somewhat. and occasion
ally clouds slightly obscurcd tho sun. The
degree Of humidity in the atmosphere was
a per cent.-not a large amount. The
Thermometer ut 3 O'Clock was - degrees. \
big thunderstorm ended the day.
The North American squadron has not
yet arrived. II was due on saturday. ard
was expected Monday and yestcniay.
Charleston, the last port touched at, was
LEFT several days ago.
Refused the Award.
OTTAWA, ONT, june 1.-THE Methodist
Conference now in session here, has adopt
ed resolution expressing its refusal of
any share IL the St;00o0 awarded the Pro-
n. L..