The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-12-03

hONoO hnob LIB " labllJ GuO pIOPOSco
settlement Of the State debt was very
enthusiastic one. Ringing speeches were
made approving the decision arrived at
by the Olcott committee and strong
resolutions adopted urging upon tho
Legislature the adoption of the plan.
The meeting was held under the aus
pices of tho Commercial Association
and was called to order by Mr.. e. c.
PechiI., president of that organization,
who placed in nomination the following
officers of the meeting, who were
elected:
President, Hon. VIM. G.. Evans.
presidents, Ii. S. Trout, p. l..
Fishburne, j. b. Levy. J. II. Sands, w.
w. Coe, a. Pope, M w. Bryan. r. b.
Norman, e. Fl. Stewart, c. O'Leary,
II. j. Browne, NJ. NJ. Rogers Ii. j. Won
Hemert, T. B. Kemp, j. Allen Watts,
B. l.. Greider, j. v. Jamison, r. B.
Witter, II. Q. Nicholson, N. V. Johnson,
Thomas Lewis, Lucien Ii. Cooke, w. A.
Glasgow, Jr., DIR. j. A. Gale, e. C.
Pechin, Judge e. A. King, Judge w. S.
Gooch, S. W. Jamison, s. d. Ferguson,
e. A. Parsons, j. A. Mcconnell, r. A.
Buckner, j. II. Sbinker, Ed L. Stone,
L. W. Miller, j. G. Rawn, Ii. DAWN, w.
M. Dunlap, j. S. Simmons, 1. L. Chris
tian, Roy b. Smith.
Secretaries: S. S. Brooke, d. Ii. Mat
son, w. l.. Winch, A. Gilpin, w. ID.
Williamson, j. e. M. Hanckel
Mayor Evans, upon taking the chair,
thank ed the meeting for the honor con
ferred upon him. lie said as he under
stood the objects Of the meeting it was
not for the purpose of criticising those
who created the State debt, or for the
purpose Of dealing with the various par
ties who have had charge of this debt
during the past twenty-five or thirty
years, but simply to express approval Of
the settlement which has been agreed
upon between the representatives of
Virginia and tho representatives of the
foreign bondholders.
1t should be matter OF profound
gratitude to all Virginians, whether
they are adopted sons or to the manner
born, that the State is to-day nearer a
settlement of this veXed question than
1T has ever before been. This debt has
been the means of dividing neighbor
against neighbor, friend against friend
and brother against brother. The most
exciting times in the State have been
the outgrowth of the State debt. Va
rious plans have been proposed for the
settlement of this debr, but none
seemed to have been satisfactory, but
now a bill has been proposed which all
loyal sons of Virginia can support.
Tho mayor introduced as the first
speaker Hon. III. S. Trout, whom he
charac terized as one of the best bank
ing officers in tho State of Virginia
Mr.. Trout's speech was forcible and to
the point. The debt question of Vir-
GINA is one Of long standing He
knows of no question which has caused
more en- barrassment than the question
of the debt. That the debt question is
proper subject for adjustment no one
will deny. Mr.. Trout spoke of the
different bills that have been proposed
for the purpose of adjusting this debt,
but this is the only time during the
past twenty. five years that he believes
The proposition emanated from,the bond
holders and was agreed to by commit
tee of the State.
Everyone knows that the debt ques-
tion has been ono of great modification
to Virs inia. He has visited all the
financial centers of this country trying
to raise money for local institutions and
has often been met with the response,
1--WE have no money for Virginia. Go
back and settle your debt question and
then we will talk to YOU" Continuing
Mr.. Trout said:
with the settlement of the debt
question we can go forward and hold
our heads up and say that we are from
Virginia. | believe that daylight is
now breaking in the clouded sky of the
debtquestion feel sure that in set
Ting this debt great deal of money
will come into The State that is now
kept out. l desire to sec this meeting
tonight express it's approval Of the pro-
posed settlement"
The speaker read letter from Gov
Mckinney, in which he said that good
settlement had been made, fair to the
bondholders and honorable to the State.
There is some opposition in London,
but the writer was sure that all will BIO
right in few days.
Mayor Evans read letter from Capt.
X. Il. Norman regretting his inability
to be present at the meeting and eX-
pressing his hearty cooperation with
all citizens of Virginia who seek to OBJ
tain a conclusive settlement of tho
State debt of Virginia OH the terms
agreed upon by the joint committee.
Col. A. Pope was the next speaker.
lie said he had no familiarity whatever
with the details or technicalities of tho
proposed settlement. He had read in
the Financial Chronicle the report of
the advisory board, which gave this set
Element their unqualified recommenda-
ton, and when such mon as Grover
Cleveland, Thomas +. Bayard, E. j.
Phelps and such business men of New
York as George 5. Coe and Mr.. Williams.
bankers, whose standing Mr.. Trout is
we'll acquainted with, favors this plan
he, with his unlimited knowledge. felt
it wise to follow in their lead.
lie WAS Glad that Tho mna4inn hai