Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-12-01
mn DEBT NATTER.
Il4saooes in London With Re-
20 .,c.t 70 the Agreement
,Cr THEY A BLUFF 2
.,uon Expressed by English
,..,asr, in Language Scarce Po-
The Proposals Decided.

,-.a-,n cable to the Dispetch.l
November 90. Several inter
i'o.sfsito.day with leading Eng
% ',.-gaf virginia bonds in regard to
-,,an Tor funding the State debt.
So u.rs bitterly opposed 20 the
.5r!ao Of settlement
..--. ,e1rasIrToN UNrENABLE.
.u..r the secretary Of the COM
y r,-gsa holders, said that only
.,s d. the proposition had been
rrr che full document. which
20 England on the steamer
" v,s received no meeting of the
,.l.rs would be convened In
p .'' .,s every opinion that he had
I'd concuucd that the propo-
81 -gr,.S rrrEELY NIoCIToUs.
ritter the principal member Of
A.-r.,tse. y. considered the plan utterly
.,3s-s. be declared, would decided
l5, IN keep what legal grip they have
-..sar tax.reccivable coupons than
.s-us which were greatly insult
.'.. r.-ca left them TO RELY on the
.-ir.r who had already shown that
-.-sI.tAinr IN the sense Of honor.
~, vs. aa.e TO pay her debt. but the
'..., bal long passed out of the hands
IN. rd honorable Virginians and bad
..s q political one, controlled by car
..,-ar. and negroes, who dragged the
..fthe State through the dirt with
I. ..gpaa.kilhng measure.
.,,,.r rrlN MOI AT THE PRICE OFFERED.
q,us. frpeace, but not at the prce
i..1., ,a plan. 1t would be better for
..ss-. 20 fcht sDd carry their claims
cont 10 court. The proposal made
..as as..rmi.tse some time since was alb
.-,tr t5e lowest terms possible TO ac-
=. NJ Irattor said that be knew that
=, rfg Lubbock. Mr.. Littledale, and
...,.. who were authorities. concurred in
.,tl4f that the holders ought not to
rsosresp' less.
"rHr PROPOSALS FABCIcAL."
,-rrs.e holder who did not wish his
.r9fishcd declared that the propo-
-.r.-s fsrr,cal. He knew the details Of
...,s through private cable dispatches.
r1.r,te tem.eung Of holders was called it
,.,s-stn It would unanimously reject
,-..ra and contempt worse terms than
a.r esld have gotten years ago.
r.rD HNF no SECURITY WHATEVER.
v-taa.ur this remark to Mr.. Trotter
r.s..gsll.y, that gentleman said that
,,rye the holders might have got ten
,,.. s,oi IN the way OF terms the condi-
-.rGs the same then as now. What
,-ss could be placed in the honor OF
r. men cdnfcrring then? We would
l,7sE7 security whatever if we surren-
loar taH-rcceivable coupons for the
y77m1po,ci issues"
lNuwHAT MORE RATIONAL VIEW.
NJ. franklin of A. Keyser & Co., foreign
t.lrs. OF this city, said that the impress
r.nsIs upon him by the new proposal
u--ayoIable, but that the bondholders
rst the terms Of the proposal TO be
i,-,,t,i 20 them, as was arrangedHn the
ir..us1t Of deposit. By this agreement
tusrr5vIod that holders not satisfied
ris tlepl0p9sals would be given sixty
5B % withdraw their holdings and that
l-.ruiy Of any group would have the
r,1i 20 withdraw that group. If this was
iHi5le, Mr. Franklin SAID, great resist
zee EgLt be expected.
ALSO DISSATISFIED.
". Newsass, a noted fnancier, who
..l S2O)O.OJO of Virginia bonds, and
Irsl Grey d Co., who hold $1,000, 900 Of
.rs securities, are also dissatisfied with
&. DELAYS
1r..la bonds on the Stock Exchange
/. ..l to-day al AZ.