The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-12-01

LONDON, Nov. 3o.-TSpeciall Several
interviews were had to-day with lead
ing English holders of Virginia bonds
in regard to the latest plan for
funding the State debt. All of them
were bitterly opposed to the proposed
plan of settlement
Mr.. Cooper, secretary OF the commit
tee of English holders, said that only
an outline of the proposition had been
cabled. Until the full document,
which was coming to England on tho
steamer Etruria, was received, no
meeting of the English holders would
be convened.
In the meantime, every opinion that
he had head expressed concurred that
the proposition was unten able.
Mr.. Trotter, the principal member of
the committee, considered the plan ut
terly iniouitous. Tho holders, he do
clares, would decidedly prefer to keen
what legal grip they had on Virginia on
taX-receivable coupons than to acce pt
terms which were greatly INSULT
cient and which left them to RELY on tho
honor of men who had already shown
that they were lacking in the sense of
honor. Virginia was able to pay her
debt, but tn @ question had long passed
out of tho hands OF the old, honorable
Virginlans and had become n political
one, controlled by carpotbaggers and
negroes, who dragged the honor of the
State through dirt with their coupon
killer measure.
lilo was for peace, but not at the price
offered in the plan 1t would be better
for the holders to fight and carry their
claims from court to court. PROPOSAL
ho made to the committee some time
since was absolutely the lowest terms
possible to accept. Trotter said he
knew that Sir John Lubbock, Lidder-
dale and others, who were authorities,
concurred in tho belief that holders
ought not to agree to accept less.
| a private holder who was met in the
secretary's office and who did not wish
his name published, declared that the
| proposals were farcical. He knew the
details of the plan through private dis
| patches.
When the meeting of tho holders was
| called 1T certainly would unanimously
reject with scorn and contempt worse
terms than they could have gotten
years ago. Mentioning this remark to
Irotter subsequently, that gentleman
have Cotton years ago in the way OF
terms tho conditions were the same
then as now What reliance could DO
placed in honor of the mon con ferrinr
them?
"Wo would have no security what
everif we surrendered our tax receiv-
able coupons for the newly proposed
issues
Franklin, of \. keyser Il Co., foreign
bankers of this city, said tina. the i'm
preston made upon him by the new
proposal was unfavorable. but that tho
bondholders expect tho terms Of pro-
posal to be submitted to them. as was
arranged in the agreement Of deposit.
by this agreement it was provided
that the holders not satisfied with tho
proposals would be given sixty days to
withdraw their holdings, and that the
majority of any group would have a.
right to withdraw that group. If this
was not done, Franklin said, great re-
| sistance might be expected.
Newgass, noted financier. who holds
S2,000,000 Of Virginia bonds, and Wv
ian, Grey 81 Co., who hold 81, ZOO, 900 of
those securities, arc also dissatisfied
with delays. Virginia bonds on tho
stock exchange to-day closed at Az.