The times. [volume] (Richmond, Va.) 1890-1903, 1891-12-06

| by tho good will of the whole people Tho set
Element ought 20 be promptly and unanimously
ratihod by the Legislature III so. II will be the
| beginning OF new era OF prosperity in the his
| tory OF Virginia.
Petersburg.
PETERsByRG. "a, Dec. s-Hon. T. c. venable.
| when asked for his views said: II consider the
| deDt settlement proposed by the Olcott commit
| zee ana the state Commission = fortunate one
Tor Tor ne state and an especially fortunate one
ii"' tc uohdhoidors. If accepted in good faith
~ az parties have no doubt il will be help 70
nv prosperity OF the State. ! am glad that this
roituliate event has taken place during the adj
mlnisraiion a Southside Governor, and il will
make that OF Governor Mckinney the most
inqsulous FOR many years. Should the bond
nut9eIs Iepudiate the contract Of their agents,
HouIct mat the last yestige of sympathy for
,l,i wiz disappear from the State. and they
WIZ ma that the position OF a community that
'ISs we WI not pay IS very strong one -.
'aptaln ). W. Nenable, chairman OF the
nnance committee OF Petersburg and one of the
Wealthlest tohacconists in the city, said; II
HiRhly approve OF the mode adopted for the adj
Justment OF tho Virginia State debt and Of the
results attained IN the way of compromise by
the very able committees on the part OF the
State and The bOndhOlders, who brought about
inc compromise. The settlement Is an eminent
~ Just and wise one both for the state and
Dohdholders and all parties ought 70 be per-
tectly satisfied, believing that all public in
terests Will be benefited by tho final comprO-
mise 81 THIS troublesome question"
Mr. william X. Mckinney. president CT tho
tlty council and q prominent member OF the
bar, when asked for his views in regard 70 the
debt settlement said: / heartily approve the
proposed settlement Of tho State debt and hope
thc -eglslature VIII. as soon as practicable,
ratlfy and confirm what the committee has
Gone believe 10 TO be TO the interest Of the
state and the creditors alike that an end should
De put 10 further discussion Of this troublesome
matter.
Captain James w. Mullen, attorney for the
Commonwealth Of Petersburg, said:
80 far as have been abio TO ascertain the
proposed settlement Of the public debt meets
WIN general approval I'm my judgment IL Is 10
the interest Of all concerned that this yeTed
question should De disposed OF, and the Legs
lature would be derelict in its duty should II
iall 10 give relief by refusing TO ratify the
agreement It's committee and the debt commits
SION have entered into. To one who has taken
the trouble 10 ascertain the sentiment OF the
people especially IN the rural districts. 10 Is
very evident the great body OF the people,
irrespective OF party Affiliations, Will never
consent TO settlement more favorable 20 the
hondholder. and believe tho comparative few
VINO have heretofore uncOmprOmlsngly insisted
upon the payment OF the whole debt contended
Tor by the bOudhOldcr are now ready 10 heartily
acqmesce IN the prOpOsltOno l settlement agreed
upon. Ihoy recognize whether right or wrong
That the Will of the people must prevail. Nlr-
gina suffered I'm The late war as no other South
ern state did, and the sentiment that she should
not pay the last pound when every other South
ern state has settled its debt upOn more favor
able terms is deeply rooted in the minds Of the
people think the terms agreed upon are an
equitable adjustment
Mr.. Henry G. Hardy cashier Of the Peters
burg Savings and Insurance Company and
president OF the Petersburg Chamber OF Com
merce. when asked for his opinion on the debt
question sand: When the agreement made be-
tween the State Debt Commission and repre-
scntatIves Of the bOndhOlders for the settle
ment Of the debt Of the State of Virginia shall
have been ratified, so that an actual settlement
be fully assured, 10 wall lnGeed be cause for
rejoicing The damage which has been done 20
the state by the protracted struggle between
her and her bOndhOlders is incalculable. Cap
itai ami labor that would have come into her
borders years ago have been repealed and her
material progress has been retarded by II to an
extent that our people at large DO not realize.
That this settlement Will mark new era 10 her
future goes without saying.
Judge ID. VI. Bernard. Of the Hastings Court
Of Petersburg, expressed himself as ia favor OF
the agreement made between the State Debt
Commission and the representatives OF the Tor
Mr. Thomas s. Watns, chairman Of the exec
utive committee OF the board of visitors Viz
ginia Normal and Colegia Institute. said; IL
am more than pleased with the settlement The
terms are not only liberal To tho state. ut the
settlement sets n rest question: the agitation
OF which has done the State lncalculable injury.
Capital il at oil times iimid. and we could
hardly expect Northern capItalsts.to invest IN
State whose debt wa unsettled and there could
consequently he no certainty as 10 what would
be the rate of taxation
Mr.. James T. D'Al Oh, prominent merchant
of his city. said: The settlement OF the state
debt on such an equitable Dasls cannot be Other
interest of our dear Old Virginia az heart and
fully understand the question of debit and
credit OF course We VIII have a few politicians
who presume 20 thi hey know better how IL
could have been done on more satisfactory
basis. but when yOu once think or u TINS j. a
question between the debtor and creditor, and
in IN S case they are both perfectly satisfied,
and there seems 10 be little room for politicians
10 interfere. ANA there is no doubt about the
Legislature ap rowing IT, The tettlemenl OF
this yexed question means much 10 Virginia, Il
new era $50 its progress and material advance
ment Inns unsettled question has kept mil
lions from our state. TO the noble men who
compose the Debt Commission We owe DEBT OF
gratitude Their names should Dc placed
within our Stale Capitol ON tablet
of Virginia marble so our children can know
who they were. Mr. CleyeaaG tee. has dis
charged his duties in this intricatc matter W "a
honor 10 himself and credit - those WON 10
represented and goes 20 show fhat ne i~not only
a politician. Uut possesses Nj nnio n'iha Win
broad views and places krp7eli ~ sLe 'front.'
ranks with our aDlest tnancl-r
Captain ". Gordon McCabe. - mora % he
University School. said he thOCGtt tie terms OF
the Olcott committee most gehc'ogs 20 the
State