Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-05-31
THE DEBT PROBLEM.
ANGST ENCOURAGING OUTLOOK FOR
ITS SATISFACTORY SOLUTION
The state Commission and the Bond
holders Committee to Go Into Con-
ference Hero on Tuesday.

The State Debt Commission appointed
at the last session of the General Assem-
bly, will meet in the Governors Office at
tho Capitol on Monday about midday and
organize.
On the following day the bondholders
committee will arrive in the city, and the
two bodies will go into conference proba-
bly, in the Senate Chamber. 1t is under
stood that their sessions will be secret.
The Debt Commission is composed OF
Governor Mckinney, ACKNOWLEDGEMENTS
TYLER, Speaker Caldwell of tho House,
Senators WIckham and Berry, and Dele
gates Dabney and Tyler.
Tho following gentlemen constitute the
Bondholders' COMMITTEE; Frederick 7.
Olcott, banker; Henry Bulge. banker
William Butt. formerly president Of the
New York Stock Exchange: Captain Hugh
II. Garden, attorney at law: Charles ID.
Dickio, Jr., Of the firm of Brown Brothers
4 Co., bankers G.. S. Ellis (secretary).
banker; Mr.. Dumont, banker, I'll of New
York, and John Gill. banker, OF Baltimore.
PRELIMINARY coRREgPoSDENoE AND CoNFEs-
ESCE.
Considerable preliminary correspond
ence has taken place between the Cover,
nor and the Bondholders' Committee, and
il is known that several informal confer
ences have been held between his Excel
lency and members of the commission IN
their individual capacity and other proml-
nent gentlemen. The details OF this cor
respondence and these conferences have
not transpired, it having been deemed by
all PARTIES concerned inadvisable 70 give
ANYTHING to the public which might excite
hopes that subsequent events would not
realize.
NEARER THAN EvED BEFORE
II ia competent now to cay, however,
that the Commonwealth and her creditors
are believed to be nearer q settlement than
they have beena at any period since the war.
Everything points TO o free, full, and iran
conference between the commission and
the committee, and a satisfactory solution
of the debt problem. Formally may be
expected in the beginning, but both sides
! are anxious to como TO an understanding;
and in this, as in most things, IT IS expected
! that il will be demonstrated that where
there is q will there is d way"
IN A SPIRIT oP FAIRNESS.
On the authority Of those who are IN
| touch with both commission and commit
| tee il develops that the committee Will
come hero IN o spirit of fairness and
| Justice. IL IL thought that they will be
| disposed TO consider tho situation as 1t Ia;
III they shall, a. it is assumed, they Will
recognize that the people OF Virginia,
| through properly-constituted representa-
| tiyes who have studied the question in oil
| of its phases, are the bost judges OF the
| Commemorative sources of revenue and
| what she can pay, tho greatest barrier that
| has hitherto interviewed TO prevent set
| Element will have been removed.
A COMMITTEE OF BUsISHss-MES.
The Bondholders' Committee are oil
businessmen, who, aside from any pecu-
niary interest they may have IN accom-
plshing q settlement, have also before them
| the incentive OF the prestige that would
accrue from such an important work.
The commissioners recognize that they
| have q grave responsibility resting upon
! them and this the committee can hardly
| fail TO appreciate also;
II is understood that the commission
will from time to time seek the advice oil
! leading men from different parts OF the
| State who are in touch with the people,
| and that the views of these and the facts
| known to them will be given to the CON-
mittee for their guidance.
ANOTHER ENCOURAGING FEATURE.
Another encouraging feature Of the stu
! alton is that the elements within the party
| who have had diverse opinions regarding
! the details of the debt matter are closer
| together than ever before.
| As far as the public pulse has been felt
| it is shown that the people are in favor OF
| solving the problem if il can be done
| without going beyond the limits contem.
| plated in the resolution creating the debt
| commission. and that such solution
would bring a sense of relief generally.