The times. [volume] (Richmond, Va.) 1890-1903, 1890-06-24
THE DEBT SETTLEMENT.
FRIENDS OF VIRGINIA AND THE
SOUTH PLEASED.
What tho London Times Has to say Aeo"s
It-Richard Croker speaks-raiatisI
Hotels to be Erecteh-Fire In . Psnisen~
tiary workshop-New York News.
NEW YORK BUREAU.
RICHMOND DAILY TIMEs.

4fEM lVnh ~ RE&Us
RICHMOND DAILY TIMES.
June y. 1901
In the financial circles here the friends Of
the South and OF Southern properties are In
high glee over the prospective adjustment
Of the Virginia debt This probable restora-
ton OF the States credit will, II is said, go
very long way towards booming southern
properties. more particularly on the other
side OF the ocean, where many millions OF
pounds sterling are lying around looee,
awaiting AN opportunity for investment.
THE LONDON TIMES ON THE sErrLENEST.
The committee learned by cable that the
London Times Of this morning says, edIfo-
rally. of the movement: ave learn that
the formal announcement we made IN yes
ter,lay's article, that Messrs. Brown. Ship
ley a Co. are prepared 10 accept deposits OF
Virginia state bonds, overdue coupoas, etc.,
TO facilitate settlement between the state
and her creditors, has been received
with satisfaction in the American
market here. We understand that the
principal dealers and brokers who
are acting for themselves and Tor
numerous clients, and are chiefly Interested
in the proposed settlement, have resolved
not only Immediately 10 deposit their own
holdings. but that henceforth all TRANSACT
tions in the market, except when speciiical-
ly declared otherwise, shall be in the cer-
tihcates to be issued by Messrs. Brown.
shipey Il Co. We are also informed that tho
amount OF bonds and coupons ready to ne
deposited by the council OF foreign bond
holders and by dealers and brokers IN tho
stock Exchange already represents "A large
proportion OF the total OF virginia ststo
obligations now outstanding
RICHARD CRoKER's TESTIMONY.
Tammany's long awaited day Of explana-
ton. TO which politicians of all stripes have
been looking forward for weeks with alb
sorbng emotions, came to-day, and Richard
Croker. the leader Of the party IN the con-
troll of the city government, was given an
opportunity 10 renlte the charges made
AGAINST him by his brother-in-law, while
the man whom he accused was sick ia
Foreign land. The session OF The
committee to-day was called sit
Mr.. Croker's request, and when
the doors were finally opened, there surg,
IN a crowd that filled every seat, and there
was not even standing room one minute
later. The gathering was a mixed assem-
blage. while among the disappointed crowd
outside We're many men VINO Weld tfc-
mendous power in city politics. Among
those present were all the notable Tammany
politicians. Mr.. and Mrs. X. Croker. w.
Bourke Cochran, MIR. and Mrs. McCann,
Mayor Grant, and many others.
After Mr.. Croker had taken the oath bo
specifically denied all McCann's statements
concerning the story of the sieO,W0 Grant
Doodle, which he said was absolutely false,
and based by McCann on reported rumor
of A Hubert %. Thompson. SsO, 1000 iund. lie
said that Mr.. Grants gift Of $1,000 To ms
daughter FlOssie had been invested for her
in city property. IL was the opinion OF those
present that Mr.. Croker had made good
witness. lie spoke earnestly, and seemed
willing 10 tell everything, even when
his lawyers objected. lie had an
air OF sincerity that was surprising
and the Tammany Hall contingent were de-
lighted. Mrs. Croker was evidently IN SYM
pathy with her husband as she looked SC
we're when Mr. WINS denounced him ana
smiled when Mr.. Cboate or Mr.. Croker sot
in a good point. Mrs. Croker viii be nearu,
il is said. She has made application 10 DO
examined.
McCann was present all day, and did not
seem 10 be worried. When the morning
session was completed, Mr.. Wins intlmated
that McCann would spring more bombs.
The previous testimony given before thc
Fassett Committee fills 10000 folios, con-
tanning no less than $4,000 words, ana the
600 typewriter pages made volume
eleven inches thick on the stehographets
table.
RAILROAD NEWS.
Richmond and Danyillc SYSTEM second
week of June: 1890. s23l, ,975; 1873, sl9i 30;
increase, SiO,iJO
Messrs. j. Il W. seligman 4 Co.. who
sold the Scioto Valley and New England
Railway Company TO the Norfolk ana
Western, state that the scioto Valley bonds
will be Internationally guaranteed by the
Norfolk and Western railroad. IL Is under
stood that about all the shares have been
deposited.
The Louisville and Nashville Company
has sold $3,OOO,000 Of its new consolidated
four per cent. bonds 10 syndicate. Inc
total authorized issue Of these bonds VIII
be s75,OO0,O00. OF these, 81 100000 VIII De
reserved to retire maturing bonds. Inc
balance, including the x,,O00,0J0 just sold.
will be used for terminals, improvements
and betterments. The next dividend on
Louisville and Nashville will probably d.
half cash and half scrip. Aitcr tbat AL
cash dividends are expected.