Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1891-11-18
The State Debt.

TIE Virginia debt commission and the
Ooott committee, of New York, spent sew
erel hours together IL Richmond yesterday
evening discuaRirg TIE proposal for eettle-
ment OF The debt submitted by the latter.
Tie debt commission Waz &C posed OF Gov
error Mckinney, Leutenant-Gosernor j.
Hose Tyler, Speaker CT the Houss Cardwell,
nf the HcuEe Tyler, Of Ptincs William, and
DAbney. o! Eibemarle. The O!csts commit
tee wss represertsted by its chs,pao, Mr.
Frd. P O'cott, Gen. John Gill, of Balti-
more, end Mesars. hugh B. Garden, D!ckey,
Ball and Ellie. The latter is the secretary
of the committee and the gentleman who
visited London last spring to see the bond.
holders about settlement CT the Virginia
debt. An understanding wal reschsd by
which tie members The two bodice agreed
not to divulge what iraDepiFed st these con-
fereneos. After discussing tbe su! ct uc-
der consideration tie tWo bodes ecjeurred
10 meet again this morning. Aeah commit
tee vas appointed 10 consider sons Joints
which it Is unGersloc9 hare arisen.
The committee cons.ss OF Messrs o.
colt snd Garden ca he part OF tbs
committee, and Meea.s. DAboey and
Bsrru on the part of the commission,
Nh 0 colt and those sctpg With him 10 the
matter understand Whist eu aversion come
people of this State have 20 the tay.-ecev-
eble coupon fes.u. l Ia beisVei that sp
precisti1g this no such provision Is confetti
ed 10 ihe plan Whioh 10 new his sci jsoS Of
tie conference. Is to inc money bsei5 Of
che prop5sal, IL is believed TO be moro rPs-
soEa5s than GDY set made. Ihoee who
were Informed cf ths amount ssanfd rails
fed taas settlement would PROBABLY be
reached. II is net improbable that thu six
million noh.fduGab;e coDnore outlsved un-
der the Wicsham emencmen; will 0s sp i'm
portaat confederation 10 arriving at the
money basis. TIE Ocots cammittee have
approached this matter In thu bat temper
possible, end are earnestly striving to bring
about settlement hat will he eccertsbie to
the people OF Virginia. They seem to de-
si;o 10 demand only such condttlope as will
ne acceptable 10 the body Of the tnxpayers.
In this split 1t is not probable that the
terms OF the proposal will exact any other
security than the jsitb OF tho Common
wealth. Tho Oicott COMMITTEES have come
to discuss these matters IL be csmsst and
mcss dlspaes!onate wsy Taey aeiieve that
tho scheme which 10 sGtm' I'd is such the
people will accept wh-D fuzzy understood.
Tbs S:eto nov has surpus in The treasury
OF ever $500 900. The, though, Is due Sim
Ply to tbs fact that but little Of tie interest
on the debt has been paid f,r tha past two
gears. Ona OF the strongest points which
the O'cott people will present. Is the rapidly
increasing taxable vslues of The Stats.
The Riohuoud correspondent OF tbs Pc
torahurg appeal says: AFTER the Dew prop
o6ition bad besn tu5Eltted Mr.. o. colt adj
dressed tho commission nj sone length in
etrcns SD foroiols speech, ia which be aim
Ell to thow The fai:oees of the plan aud the
advantage that woad accrue 10 Virginia By
.hs f1al settlement Of the debt, He wac
followed bg Mr.. GeFdoo. What the plan lie
The press has no. yet been informed, but 1t
was stated Ia the lobby OF the Exchange
Hose! yesterday morning by gentleman,
ydes for the settlement cf the debt on the
bssis of S18 100000. The whole trouble is
seid TO be over the coupons outlawed under
tbe Wickhan amendment. II these cou.
pcna are accepted ct their faos value It
means Sc 000,C00. This wsa the srag that
prevented the two bodies coming together
last June"
A dispatch from Richmond to the New
York Herald says: "I5 may bs mentioned
that General Gill received telegram from
the Baltimore and Ohio Railroad Company,
which corporation holds large block OF
coupone. author;z' ng him 10 ocmm!t the
company to any settlement that n GIT be
agreed upon"