The times. [volume] (Richmond, Va.) 1890-1903, 1891-11-29

Pittsylrania.
DASvrLLF Va, Nov 2L--Danville has always
been heartily in favor Of a prompt settlement of
the deht and hence the announcement that the
state Debt Commission ana the representatives,
OF the bondhOlders had reached al agreement
was regarded here as splendid news, and tho
universal verdict is that the Legislature should
act promptly IN the matter and remove forever
this YeXatl0us question.
The TINES representative has interviewed
several prominent citizens on the subject as fol-
lows:
Captain Thomas J. Talbot the p esident of
the City Council, and one of Danyllles largest
tobacco manufacturers, was called upon, ana
expressed his views freely and enthuslasucaiiy.
lie said: 10 is much better offer than ! had
hoped for from the bondholders, and one !
think the Legislature should accept without
the slightest hesitation. Accept and remove TINS
veXatiOus debt question. which has SO long agi-
tated our State, and SO long blocked the wheels
OF state progress.
MAJOR ". /. Sutherlin. PRESIDENT Of the State
Board or Agriculture, says l nave always been
IN favor of settling the State debt, both as a
matter of honesty and as matter of business.
am not simply in favor of the Olcott proposition,
bat am Delighted with IL. think the offer more
favorable one than we had any right to expect
and ! do not believe that there Is a property
owner IN Virginia VINO will oppose settlement
on that basis | believe that the state Will be-
able to meet the interest charged without IN
Creaslng taxes or III any way embarrassing her-
self, and j feel confident that the settlement or
this question upon fair and honorable basis
Will he the beginning OF great era OF prosperity
III Virginia.
William H. Graves, the mayor of the city, said:
| think u a fair and Just settlement anl X kr-
GINA Will not settle on that basis IL Is -lgn mat
she don want TO settle at all. am heartily IN
favor OF this settlement. and sincerely hope the
Legislature will adopt 1t.
Judge bergman Green, a leading mem Der
the Lar. said have always favored q fair and
just settlement OF the State debt, and am greatly
pleased with the settlement effected by the debt
commission. IL seems TO me much more Iiber al
&, n4 4 sat Il AZ
same time under all the circumstances n very
iudlclOus arrangement for the creditors. Inc
removal Of the DEBT question from the arena OK
politics will, trust. tend TO purify both pOlti-
cal parties.
Mr.. A. j. Montague, another member of the
bsr regarded the announcement OF the settle
mt n OF the debt as the best OF news and sad:
From what know OF the plan and detail OF this
settlement regard IL "a the best and wisest
step blrgl has taken within my short lie.
The terms appear much more advantageous 10
tho state than those Of the Riddeberger bill,
and az the same time 10 is absolutely relieved
OF the compulsory features and suggestions OF
the latter measure. 1he moral Question
involved in this debtand which has been so det-
rimental 10 the progress of the State at nome
aud stapdlng abroad. not been so much the re
pudiatsOn OF our debt as the reputation Of our
settlement. / trust the Legislature VIII nave
the wisdom and patriotism 10 sustain the COM
mittee, and thereby assure the peflnanency or
this settlement In doing this the horrible
shadow incident 10 this debt question Will van
ish away IN the light OF honesty, ana our STATE
will enter upon r new career, which must yield
new and lasting fruits Of prosperity ana glory.
Mr. ~. ). Copeland Of the banylile Register,
said: OF course | am delighted at the prospect
OF settling the debt. and the people OF Virginia
simply cannot afford 10 reject the very liberal
proposition that has been made. The PROPOSE
ton is not only liberal, but IL IS so simple that
everybody can understand 1t. Hitherto the
debt question has been 20 most people mystic
rIous problem. but now it is simple statement
OF so much principal and so much interest. As
the bonds run for hundred years the present
generation will not have to concern itself much
about the principal. and the interest, which
amounts 10 30 cents per capita per annum IS OF
course a mere tribe. IL were absurd 10 say that
the state OF Virginia cannot settle on this basis
and If the bOndhoiders viii but raufy the agree
ment on their pat have no sort OF doubt that
Nirginians will with one accord and Win Joyful
hearts confirm the settlement.