The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-11-26
An Important Statement.
A dispatch dated Richmond, Nov.
18th, furnishes the following important
on1 GRATIFYING statement.

a. U1SpaUcn uateu hlcHHoiiu, INV.
18th, furnishes the following important
and gratifying statement:
An agreement was reached between the Viz
einia State debt commission and the 0lcott
committee, representing the foreign bondhold-
ers, at late hour this evening. 1t provides
that all bonds of the State not heretofore fund
ed in Riddleberger's shall be Jumped In cap1
tai of $19O00,0 600 bearing per cent interest 1of
ten years and 3 per cent. for ninety years, IRIS
will make the total Indebtedness Of the State
about 1874 100000 as about 49, 900 has already
been funded in Riddleberger per cent. 1t Is
expected that the Legislature and the bona
holders will probably ratify this agreement and
that the vcxatious debt problem will be finally
settled.
No transaction could be contaminated
that would be more beneficial to Yrs
einia than final and honorable settle
ment of the contention over the State
debt. 1t would date a new era i'll the
history of the commonwealth, and give
an impetus to material progress that
would practically revolutionize the old
State Capital and enterprise which
have passed us by, because of the debt
complication, would seek investments
and opportunity, public and private
credit would be restored, industries
would be established, and business OF
every kind take fresh start, with sur>
roundings and inducements, heretofore
absent, on account of a want of conf
dence growing out of the public debt
complication.
1t will be sorry day for the politi~
their power to reach a settlement of this
vexed question, when the Legislature
convenes, if they do not do it, upon the
basis of the agreement that is briefly
outlined in the extract we have given
above Public indignation would be
too fierce for them ever again to present
themselves before the people, without
being met with shame and contempt.
The people want the debt settled-want
it withdrawn from politics, and disposed
/ of as honorable business men would dis
pose of a contention between each other.
They see and know the Importance OF
such action and will not be slow to visit
their wrath upon the men or the party
that should be in the way of it.
Our New Tin and Tinplate Indus
tries.
A dispatch from Chicago says: Joliet,
the enterprising manufacturing city OF
| Illinois, is to have a tinplate factory
South of Joliet one and a quarter miles
just oyer the border line, lies the new
| town of Lewistown. 1t is so called be-
cause it is the site of the Lewis Steel
Sheet and Tinplate Company, which
has a capital stock of $5OOOO0, and, SC
say the promoters, will begin turning
out tinplate the first of next year at the
rate of 1900 boxes per day and employ
22O people j. ID. Lewis, who is said to
be a practical Welsh tinplate maker, is
president. Some Pittsburgh people are
interested in the concern as stockhold
ers. The plans provide for eight mills,
and one of these is ready.
A practical illustration of what the
new tariff on tinplate is doing has been
forwarded to the New York Tribune of
flee with this inscription upon it: "The
can in which these apples are packed
was manufactured by us from American
tinplate. Our expert can-makers say it
is the HncSC anu DeSt WOFklHS I'LL we eN-
err used.-The Fredonia Canning and
Manufacturing Company"
A dispatch from Aurora, Illinois, dated
November 14th, says: The first Ameri-
can tin ever received in Aurora arrived
to-day, consigned to the Aurora Silver
Plate Factory. 1t is a ton of pig tin
from the San BernardinO mines, In Calls
fornia. and will be used in place of Eng
Iish tin in the manufacture of white
metal.
The Blairsville Rolling Mill and Tin
Plate Company. of Blairsyille, Indiana
county, Pa, was chartered at Harris
burg on Tuesday November 10th, with
a capital of $75,0O0. TIE directors nam
ed are j. H. Devers, J. M. Harvey, Paul
Graft, Jacob Graft. T. d. Cunningham,
R.:W. Wehrle, and d. M. Fair, all of
Blairsville.
The Pittsburgh Commercial Gazette
for November 18th says: 1.-The Repub-
lie mill booked large order for black
sheets on Tuesday last from the Pitts
burgh Tinplate Company, of Kensing-
ton. This company will use fifty tons
of black sheet weekly, and will be in op
GRAFTON not later than December 18th. .