Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-11-26
FOR ACCEPTANCE.
c,rveLANo-cos COMMITTEE
IRE ,oyes THE DEBT AGREEMENT.
~. Terms Now Proposed Are Re-
'H ,,o prospect OF Advantageous
s.,usmont Not Encouraging"
-r-,,1,rraph 70 The Dlspaieh.l

yo,s November 26.-The vir-
Nv dholdet9 Committee (F. T..
rs s.airman) submitted their
@ ...'' "a. ',s.,er3ay, through Hugh r. Gar
...t. Advisory Board tHon. Grover
i'n .,l cbsirman). The Advisory
t' ,. # tho members being present
F'. Yassrs. Grover Cleveland.
p Rsyard, Edward }. Phelps,
l...g Williams, and George S. Coe-
'.t,.a .a session two days, and after
- ...s sleraaon Of oil the facts, rem
60. GAS the following opinions
.-. .s,tter os she settlement OF tho debt
....r.| NIrc.riA--
tN., r.c i6sersignod under md IN pur-
,. ..r.a.u agreement, dated May j.,
o. -.s Frederick T.. Oicot Gud others
.''t ..trl. The Bindh0i1ors' Committee and
c' .0r. 10 the state oi virginia we're
.,a advisory hoard FOR said creditors
.ats.a rsns or propositions for the
rt... f.le debt o. tho STATE of virginia
undated and % sthte their ap-
,.. re.ommt ndation, or tho contrary;
o. ,.-rF cAgTFUL COSsfpERAfIoN.
-.... Fc have been fully advised Of tho
-r conclusion ~ the negotiations be-
.... ..r...Ia STATE Commission and the
....-s Committee, ana have carefully
o. .... history a. the case ana the Condi-
10 has been conducted aud the re-
t....... as presented hy the report Of said
......re. ao. as such Advisory Board.
....... and recommend the plan Of
.aII arUt as Tho samo is embodied
..f.f ....l BanlhuiIers' Committee as
... state of virginia, in settlement
... ...l .f s2N,OOu,OO0 OF such indebt-
,.. execute and deliver its bonds fOr
sf..H 400 600, or IN tnBt proportion,
........t.f y indebtedness which ahan DO
r..l said uoGds shah be payable IN
.... rf.sr fheir date, and draw interest
..gs+Har . July, 1891, at the rate Of 2
.... t-t.r Lrst ten years after that date,
s....r. r.fe of per cent for the remaining
80, r-.-s aaI until she maturity OF said
....-.>,rg ~ AGAIN ALLOWED 10 FALL INTO
POLITICS.
.r. ..- approving the plan presented 20 us
.-... f ..HgH, % say that We should con-
A.. r. f.r.lusfa for the creditors and all
',..f t.e subject Of this Indebtedness
t.t.rrsGt sho4ld 10 allowed 20 again
t' ....t.e vortex Of popular political discus
,.. n me differences which have boen
......I I iue divergence Of opinion which
'...., .,e--u-no. ana tho sentiment favorable
- .s.-...at which has been aroused among
..,...eHi tle state by patient negotiation
@ H'.fv argument, We are decided In
.. H....n, th1t 4 the terms OF settlement
- --...-.I are rejected tno prospect Of an
...r..ss. ls agreement In tho future Ii far
g.. tr-.lrFE.ug,
f..-s end sought 81 tho settlement of an In
s...r|r.fs thc character Of which hiss not In all
.......t. taan universally Conceded, and the Just
..faf uri.h has been earnestly disputed.
-..t-.-1I..un OF Affairs 10 seems 30 us thnt II
,....... sat q promised which on the whole ap-
..s.s f. Dec eVpc1ient, no slight variance In
,.-.,-.sl.l De allowed % defeat the plan.
suAsCHTVE TO FLOAT SECURITIES.
.Vat. ra' think tue al iustment now pro
--.sE should De 40 all regarded IN tho same light
'...'.as q. foat new securities Of the state
.J.-. o '.r Tie purpose OF raising money 20
roo, ..... oli4fs cNlgeu0ies, but rather ns tho
--.t.. .-- 70 s d ut by the creation ana de-
...-g % valid and luttinsicallV valuable public
... 90, Etlnh, though not perhaps Of the
.,-. .,r- meet favorable f0r speculative pUr-
..s. ..la' be regarded Ia the hands % perma-
-.... .v.,Ts as securities deriving absolute safe
...r. value from mo pledge Of the faith OF a
.'.. 81 of the state 20 mako prompt pay
L.-,
RI -o extended period which tho proposed
H... Ers tl ran should not DO dsregHrded in
..1. .sr1r their deslrabihty.
-...a sIggestiOns arc made with tho hope that
t.t.sy 80 some degree aid tue hearty Hccep-
u..tt on adjustment which imgresses usfa
-.s.lrsfon which should be a cause Of salts
t-.lt. me bondhOldera ana cOugratulatiOn TO
rt9e.. ie of the State Of Virginia.
s.u.I GROVER CLEVELAND,
THOMAS +. BAYARD,
Z. j. PHELPS,
GEORGE s. Coz,
q. u. WMLIANS.'
Svsrner 2bth, 1891.