Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1891-12-01
The Rondholders Object.

Several interviews were had ia London
yesterday with leading English holders OF
Virginia bonds, in regard 10 the Latest pan
for funding the State debt. ell OF them
wero bitterly opposed to the proposed p!Gn
Of settlement. Mr.. Cooper, tho secretary Of
the committee Of Eogllah holdsfe, eaid that
only an outline of the proposition had b,er
oebled. Until the full docune 2t, which wa5
coming TO England CO tha steamer E;rnris,
wac received, no meeting OF English hcldors
would be convened. Ia the meantime,
every opinion thai he had heard expressed
aopourreG that the prtpoeiiiol was uD
teuable.
Mr. Trottsr. Lhe prinrpal member Of The
committee, ooDeidered The plan utterly ir-
iquItous. Tbs holders, he declared, would
decidedly prefer to kssp What legal grip
they had on Virginia Ia taz.racelvab!s cou
pons than to accept terms which wero great
IL insufficient and which lei5 them 10 rely
on the hoaor OF men who had already Shown
that they were lacking In the sense OF honor.
Virginia was able to paY her deb5, bus tho
question had long Dassed chi of the hands Of
the old honorable Virginisns sni lad beooms
s political one, controlled by cerrst-Ssggera
and negroes, who dragged tbs honor CT tho
State through the dirt With thsir connon
killer measure.
He was for peace. but not st the piica OF
fered In the plan. 1t would be better for the
holders to fight and carry their claims from
court to court. The proposal be made to
the committee come time elncs was eb8o-
lutely the lowest terms possible to accept.
Mr. Trotter said he knew thai Sir John
Lubbock. Mr.. Littledala and others who
were authorities concurrsd in the belief that
the holders ought not to s2ree to accept ess.
A private holder who was.mst IN the sec
retary's Office, and who did not Wiah his
name published, declared that the proposals
we're fsrcioal. He knew thu details OF the
plan through private cshio dispatches.
When the nesting of holders va, called it
Was certain that they would sDlrnousIy re.
jsct with scorn and contempt worse tsrmH
than they could have got ten ycara eGc.
Mentioning this remark 10 dr.. Trotter
subsequently,, that gentleman said that what
ever the holders might have got ten years ago
in the way OF terms, the conditions we're the
same then as nov. What reliance could be
placed In the honor Of the men comforting
them? "We you'd have 20 security what
ever If We surrendered our tex-receivab!e
coupops for the newly proposed issu0."
Mr.. franklin, of a. Keyser & o.. foreign
bankers OF Lo 1don, said that tho in preston
made upon him by the new proposal was
unfavorabe, but that the boEdhcldera ex.
peot the terms of the proposal so he cub
mitted to them az vas arranged in the sgree-
ment OF deposit.
By this agreement il vas provided that
the holders no. satisfied With the proposas
would be given sixty DAYS 10 Withdraw Ihsiy
holdings, and that e majority of any group
would have the right to Withdraw that
group. II this was not done, Mr.. Franklin
said, great resistance might be expected.
Mr.. Nswgass. noted inancler, who holes
So 900 600 OF Virginia bonds, snd Vivian,
Grey & Co., who hold 81 900 600 CT those co.
curities are alec dissatisfied with The delays.
Virginia bonds on the Stock Exchange
closed yesterday at Al