The times. [volume] (Richmond, Va.) 1890-1903, 1891-11-25
THEY APPROVED THE PLANS.
Advisory Board Accepts tho Plan Of The
Virginia Debt Settlement.
NO RICHMOND TERMINAL DIVIDEND.
Reported That the Directors Have Decided
Not to Declare Any-The Democrats
Havo the Assembly sure.
NEW YORK BUREAU. Richmond TIwrs.



A meeting OF the bondholders' committee
for the settlement of the obligations of Viz
ginia was held this afternoon to consider
the terms for such settlement. The plan:
were approved by the advisory board
OF the creditors consisting of Grover Cleye
land. Edward j. Phelps, Thomas +. Bayard,
George 6. Coe and George g. Williams. The
whole matter Will be submitted to the Euro
pean creditors for their approval
II is believed the matter is now practically
settled.
Mr.. oLcorr CONGRATULATED.
bir Olcott has already been the recipient
of many congratulations for what fnanciers
say is the most successful effort of his career
which includes some very big and successful
financial operations.
The Evening Posts special cable from
London tonight says Virginia bondhold-
ers are taking steps to prevent tne surrender
OF bonds held by Brown. shipey a Co. An
indignation meeting Is pro able. Ii is be-
leyed at the Central Trust Company that the
London people do not fully understand the
terms of settlement and will agree when the
full details are explained 10 them"
WILL PAY so DIVIDEND.
One of the Wall street news agencies saws
tonight We understand that the directors
have informally dis used the question OF 4
dividend on the preferred stock, and have
reached the conclusion that inasmuch
rs the Richmond and Danville Company
has 70 large floating debt they DO not
consider IT the part Of wisdom to
pay dividend on the preferred
stock at this time. formal action. how
ever has not been taken on the matter and
this informal action may 10 reversed at q for
NAL meeting OF the directors. Is is current
rumor that some Of the old Richmond and
H.. NJ. s.tto ~. 4
the next meeting Of Richmond Terminal. but
We cannot learn that his Is true asst Ten
nessee Virginia and Georgia earnings in the |
second week Of November show 1851 de- |
crease"
WATER FAMINE AT AN END.
The water famine is at an end and the cit- |
zens OF Brooklyn sleep easier tonight Al |
though incalculabie damage has been done 10 !
the financial interests OF tie city people are I
rejoicing because the results are not more APP
palling
What before the break would have been
most Insignificant fires developed into con1a-
gratiOns, and devOut people attribute the es-
cape of the city from direful catastrophe to
the special Intervention Of Providence.
FAILID 10 BREAK HER RECORD.
The White Star steamship Teutonic did not
break her eastward record on her last pas
sage but she came within twenty-seven
minutes of dong 50. after passing through |
some stormy weather. A cable dispatch an
nOunces that she passed Daunt's h. ocks light I
ship near Queenstown at Ii:10 this morning
At the Office OF the agents in this city il was
said that her time from New ork was five
days twenty-one hours and thirty minutes
Her eastward record is five days, twenty-one
hours and three minutes
THE ASSEMBLY DEMOCRATIC.
The courts have decided IN favor of the
Democrats IN the contest in the legislature
The seating Of Ryan and Beakes in the As
sembly would give the Democrats sixty-sx
members and the Republicans sixty-two. and
Osborne being seated IN the senate means a
sic with the casting vote in the hands of the
Lieutenant Governor.