Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-10-07
FOR ENTERPRISE AND INVESTMENT
virginia the Most Attractive Field-The
Debt ACKNOWLEDGEMENTS.
(Hambleton { Co.'s Baltimore CircularI

CHambleton & Co.'s Baltimore Circular.l
II we were asked what particular section
of this country we considered the most at
tractive field for enterprise and invest
ment ge should answer the state OF Nlr-
plnia. As we have not one dollar invested
in any shape in Virginia we consider this
an unbiased opinion. We believe that
capitalists will find IT to their advantage
to investigate this most promising field for
the employment of capital. We do not say
this in disparagemento of the claims OF other
southern states, for we are great pc
levers in the prosperity of the whole sec
ton, but think we recognize IN Virginia
the beginning Of q series of industrial pur-
snits and enterprises which will make the
old Commonwealth hum with activity, and
will produce most promising opportunl-
ties for profitable investment. Virginia
has Jagged behind her sister States III IN
dustrial advancement wholly. IN our
opinion. because Of the unsettled condi-
ton of her debt and the obstruction when
was thus placed upon theintow OF capital.
Happily, there, is good reason ior oeiieVing
that this hindrance Is about TO be re-
moved. and that the people OF Virginia,
realizing the Importance of unblemlshed
credit. will respond to tho movement 10
settle the debt and that satisfactory CON-
promise will be effected.
The bondholders are showing every dis
nositiop TO effect settlement of the debt,
and are depositing their bonds under the
agreement of the committee. There We're
outstanding January l, 1890, about Sl4, OOO,-
900 oonsols, about S6,O0O.0 900 l0-4Os, about
g. 600, 900 old unfunded bonds. and about
500 600 peelers. Up to the latest date
there have been deposited under the bond
holders agreement Sl0,9 500 consols,
"a ,4O3, 900 l0-40's. and 81 OH 1886 old bonds,
peelerS, and coupons; also S3,259, i22.5O or
the tax-receivable coupons.
We understand the committee is now
formulating a plan of settlement which
will be submitted TO the Advisory Board,
and upon their approval TO the bondhold-
ers. If endorsed by the bondholders ne
gotiations will be opened with the State
aud in our mind successful termination
is almost assured. The Advisory Board
consists of Messrs. Grover Cleveland
Thomas +. Bayard, Edward j. Phelps.
George s. Cox, and q. q. Williams. These
gentlemen will no doubt give the subject
full consideration and will weigh the
claims and rights of the bondholders Der sus
the ability Of the State to pay. SO great
il our confidence in the personnel of this
committee that we should. if holders Of
Virginia bonds. be content to abide by
their arbitration and accept any compro-
mise which they may declare advisable con-
sidering the interest Of the bondholders
and the ability of the State.
With the debt question settled, Virginia,
we predict, will make extraordinary pro-
gress, and attract capital and enterprise
both at home and abroad. The resources
OF the State are almost unbounded, and
they only need development TO make yir-
GINA one Of the richest and most prosper
Gus States OF the Union.