The times. [volume] (Richmond, Va.) 1890-1903, 1891-11-18
THE STATE DEBT MATTER.
Discussion by the 0lc0tt Commit. ,a
Virginia Commission.
1 CONFERENCE WITH THE GOYERy0.
The Session was Secret md Entirely fn,.
mai-Ncthing' However, was Agreed Upon
Except 10 Meet Again TO-DAY.

I The members OF the Virginia state n.,.
Commission and tho members Of tie O.,,.,
committee, Of New York. who represer, 49,
English bondholders, met il the Goye.so.,
Office yesterday at o'clock to consider Il,
| settlement OF tie debt question.
The visiting committee was compo.el d,
I Mr.. Frederick z. Olcott chairman. Caa..,
Hugh 4. Garden OF Now York. Gene,,
John Gill Of Baltimore Mr.. Bull Of Me-,
York and bIr. George =. Ella. tho secre,s,y
Tho state Commission. which "A comuo,.f
OF Governor Mckinney. iieutenant-G 0yarro.
!. Hoge Tyler Senators Berry and Wickbs-
: Speaker Iardwel and Delegates Dabrsv
Albemarle, and Tyler. NJ Prince William La
q conference IN the Executive Office fCr l.i
an hour or more before the two bodies meth
Join, session.
Colonel ". ". Gordon. counsel for r.,
Olcott committee. Mr. Thomas Martin All
Colonel Thomas Smith. OF fauquieE corrt7
were also present at the JOINT session
TIKI coNFERENcF.
Tie conference was continued until ab,-,
$40 o'clock when they adjourned 20 ns..
agan this morning a. n O'Clock Tie IN.
cussion was held with closed doors AID +.
was agreed IN the conference that nctl mo %
tho matter as discussed would yet be- mad,
public.
Il was learned from members of the CON.
mittee that the proposition supposed "a
entertained by the olcott committee vsno,
set forth by any OF them, and Thai ihs l.,
cussion was purely of a preliminary claias,s-
which would necessarily attend The cOlsls.
ration Of 80 important question.
A Tsfrs reporter was 40 the Exchange Ho,,l
last evening and spoke with 4 number NJ
gentlemen. some Of whom We're members q
tbe committee and O'he-s c0mpos,n. n.
cornmis.ion. They al declined Oh maze .r-
statement whatever regarding the c0nt-
ence. pre.errng 20 await tae fu.l disclssla
of the subject IN the presence Of the eaa-s
membership.
There were many con ecturesrifs last even.
inc about the clubs and h0tel loblies regard
inc tie probabilities Of the arriva. no the salts.
factory settlement Many theories were s3
vanced and many supposed propositions
were discussed but no one aside from the
members of the committee and commission
know OF the actual situation.
AsUB-co2Murrr.
At the conference YESTERDAY morning On
motion of Mr. Bull a subcommittee was ~.
pointed, consisting of Messrs Ocnt and
Garden on tho part of tho committee. ADJ
Messfs. Dabney and Berry for the state com.
mission. This committee met last evening
az the Exchange Hotel. and o. u late hour hsl
night they weTo still m session
Slessrs. Dabuey and Berry were seen ls.-
evening before tho subcommittee me
but both declined 10 say anything ,o-
publication. Mr. Berry said. however t.lt
IN the consideration Of such o mouent1s
question il was necessary % use deIbenton
and that precipitation or rapidity wa, ost Of
the question. Il IS more than probable thal
tie conference will be continued beyond 60.
morrow.
The State now has surplus I'M tho treasury
Of over IN 100000. This. though s dls
simply 20 the fact that but little ot the inter-
est on the debt has been paid for he past
two years