The times. [volume] (Richmond, Va.) 1890-1903, 1892-01-15

-.slouslv guarding their interests-and after
,,'ch deliDeration and thorough exanna-
I'm of this delicate and perplex.ng question
have prepared and proposed plan Tor the
e,r,tabe adjustment OF the debt which las
leeu accepted by your cOmmissll on the
MT of irgIna the bondnoders. commit
tee cheerfully recommending It tho Settle
ment 20 their constituents" - was SUD
m,tted 10 their advisory board. mon OF thei,
choice such men as Cleveland. bayeru anu
others Of national reputation, their ifi'nu5'
not ours They approved aud fecouiinsiu J.. /,
ed tho plan OF settlement Of the irginiA uoos
after having carefully considered tuo Puo9-
ton in all OF its complications.
II then. they have sent 70 US ther a-ci' !
with their proposition, aud we nave accop "a
il and are prepared % comply with tho term :
n the settlement on our part. the odium of
reputation does not rest on us anu "Iel
charged against Virginia - false anu siAnuo'
ous. c..-e
The acceptance on the part q the state Ok
their own proposition 80 MODIFIED tAas W.
VIII be able G. meet the accrulng lnleIe33iI
without increasing our rate ~ llAAli0H "'..
unite oil classes Of ONT people. and eFeiF il'.'
who loves his tate and will yindlcal9 ucI
honor will come now 20 her assistance Hi'u
the coupon yender will find no sale Tor hi5
deprecated currency among our lHslio..o
taxpayers and the coupon Will peloie d"
worthless as the shin-plaster OF pas.
generation. .,....l ..,-o
But should he mistaken 10 this and tnere
can yet be found tax payers VINO are "1'.-iI7
20 claim protection OF lrEina avs eu" "''
still eudeavor to make Ler crouch AZ tho ieel
OF these few merciies- bond oi.eIs' IN 'ne.
event legal remedies yet uutueo VIII ue
used against all uch psrs ns. when VIII plo-
teet our treasury from an influx OF tn9 cou
p0ls from tie bonds hold ~ those Wlo u. o
unwilling TO accept the terms o. the s6l4e
ment which irginia now Offers
so INCREASE or TAXATION.
viii say to the bondholders who are stu.
hoping for better terms and VIII not it-9
under the proposed law that this Is .mposa.-
bic without increasing the taxes Inc peo'
rle Will not. and cannot submit 20 an ne
crease Of taxation. so say they ALL hey
have said SD in tie LEGISLATURE. they nave
said this in Their conventions and 40 ri,
times and everywhere. cur people are IN yea
on this sub ect. without distinction OBJ party.
And they declare further tna. tneii
children shall be- educated that the ilght 4
orr ligi. or -ch0o.s aud colleges shall NOT oe
cxtnrufshod We intend also that our un-
fortunate insane shall be cared ( our Oh
soldiers and their widows shall NOT De neg
lected. These determinations ars hAei it
the Learts OF the people oi Virginia, anu 1hey
will not abandon them. These. We cons le 7.
are our highest obi atoms and Co them We
will be faithful. though % cruel necessity may
compel us 90 Oe delinquent To- theirs. hf'e
declarati.us are not intended as threats, Oui
are rank expression of the opinion OF the
people
Ietus 10 prepared 10 carry out IN good
faith the arroo-ueut which t0ur cammissi d
has ma 4o with the ent- OF the Dondlolders,
aud 10 due ume ID viii be well.
For these reasons / al Use that you PISS a
res, luton ritiiying aud confirming the agree
meut entered into by your commission WIN
the Olcott committee for The settlemen, of
tne debt of Virginia. and that tho agreement
be- referred 70 an appropriate committee &c
prepare bill 90 carry 1t into effect
J.. W MchlNNLl.