The times. [volume] (Richmond, Va.) 1890-1903, 1892-01-24
made an earnest appeal to the Genera Assen'-
big on behalf of the resolution

| OPPOSED TIE IfIthAs
Mr.. Greenlee d. Ietcher, opposed the ie-
port of the committee, ana Saiu tnn. 40 NJ ~,
s;rad "a he enlightened On the SUBJECT. Inc
,ao,,io bad rleht 10 hear what the settle
| 80 as The whole subject was one which
| demanded the closest consideration Durlng
| tho last session the members OF the finance
| Committee estimated for two months on SUD
iecte of far less importance imam tne one . 10
| fore tbe House now and tho advocates Oh inc
| ,,seosu,e came before the House with settle
,aort ~ the debt and asked that 10 be showed
| tbrnupb with "A resolution that did not even
Give the terms and conditions Of It. ask
| that the report be voted down. continued
! Mr. Leicher. or referred 10
! Finance Committee TO DO returned 10y
Them with the measure we are 20 vote on
| Furthermore tho settlement contempates
/ only SOS. 900. 900, but If you examine the sec
/ ond Auditors statement you Will hhu the
| debt calculated % be $50 100000 ! say let Us
! have time 10 look into these things there IS
/ evidently misunderstanding somewhere.
/ don't want TO fight a settlement. but want
/ light / would Ike 20 have an opportunity 20
/ hear the Governor. Iieutenant-GOYernor ana
basement officers discuss this matter before
Us IN caucus. Every dy recognizes the DeA-
eft Of a settlement OF this debt, Dut tue cues
| ton Is. Is this a settlement All these Things
| show the many differences Of opinion Let
rs have the question thoroughly ihVesu-
gated $40,
Mr.. f. w. Saunders. OF Franklin: argued
the question az some length. and sald thAt ne
was willing 20 admit that the Debt COmmls-
sion and committees had done well. Dut u
seemed 10 him that the proper thing 10 be
done was 10 have the settlement eNplalued
and then the House could be committed 70
II. lie thought that the report ana Dill
should be considered together aud ne depre-
Gated haste III connection with the cues
ton and did not want 10 be put IN the position
& artfa He
trary. the best OF his incllnations were L IN
dOrse these details. but they should DO con-
sidered carefully. IL hold the honor OF our
State as sacred" concluded Mr.. Saunders,
and though don't want 10 60 into TINS with
untime.y haste vet when the time comes 10
act IN her behalf ! will be ready"
MIR J. Thompson Brown, of Bedford. was
the next speaker who made the following
statement IL seems 70 me there IS one queS-
ton. and one question only. il is III not
this. what" / agree with the gentleman
from Caroline MIR Hudgin) IN iudOrsing the
report. We indOrse our commission. that
has tor two years been labOrlng over this
matter. II we do not what Is our position
1t seems % me that II would be exactly
what it was before they were appointed.
We cannot fail TO indOrse them III toto Wild
out TeOpenlng the whole question.
Mr.. j. Catlett Gibson. OF Cu.peper pointed
out that the Legislature was simply asked TO
approve IN general terms the action oil the
committee. Tins could be done without any
comulittal 10 every detail that would 10 ln-
troduced. IF can't the force OF any OLE
lection TO this settlement" continued Air.
Gibson. I'VE are to pay less than sixty sht
cents the dollar bearing per cent. ia ten
years and three per cent. for nnet' years.
What possible objection can there DO % at!
Now. these gentlemen say We can't pay IL.
Can we pay per cent. easier than per
cent, Can't we pay Sl9,OOO OOD more easily
l..N III In,
Mr. BISON IOkingly made the following
remarks. The settlement OF the state debt
will greatly decrease the expenses Ol luuatlo
asylums. There are many men VINO nave
zone crazy on the debt question and great
many more that vail have 10 be sent u
asylums. If the consideration OF the deDt is
much further prolonged. If We undertake %
ind ont all these details in o day or two.
nearly the whole of US will 20 insane. ana
there Will nave TO be established "a separate
asylum for members OF the Legislature.
SPEAKER CALDWELL.
Speaker Cardweu followed Mr. Gibson
while hlr. Ryan was in the chair. lie referred
to tie fact that he had read IN yesterday
TIMES a lengthy article written by the sec
0nG Auditor Colonel frank g.. KuihnJ IN re-
ference % the State debt. i wish 10 speak
in reference to this article" continued Mr.
Cardwell and to say that after this man Las
promised not 20 interfere with the deut ques-
ton. and after he said 10 me within few
weeks past that this bill involved better
settlement for the State than the RlddleDer
ger BILL such q man can't make much of an
impression upon the members OF the General
Assembly. man who asks men 10 organize
with him to prevent settlement, such
an opinion as his shauld be OF very
little wei hit Sitting here is an honorable
gentleman. who pres. les over an edu-
catiOnal institution. who was invited
to a council of this gentleman, and asked 70
form a league TO prevent any settlement OF
the public debt. and, be 1t sad 20 his credit,
his reply to this proposition was. Rather
than interfere with the settlement OF the IT.
einia debt ] would ask my institution to take
the bonds of Virginia and throw them into
the fire. Sir when "A man declares bus de
signs and tries 10 defeat the settlement. after
having made the statement that II was IN
hnitely better than the RiddlebergeT bill. /
say, he needs no more mention at my hands.
When two members of the commission went
to him for advice. why. sir. he sOlemuly
promised that he uld not antagonlZe it,"
Speaker Cardwell. who made ms statement
boldly and without fear was frequently inter
rupted by applause. Ia paving his cOmpli-
ments to Mr. Letcher Speaker Cardwell con-
tnued as follows 81 will not refer to the fact
that he is young. for the attention he gives 10
the fair. sex who come here would indicate
that he is an asprant to matrimo ny. But he
has used this expression. This ill-cOnsidered
move have the honor to be member of
the Debt Commission. and they have spent
two years in discussing and considering this
question here. yet 1t IS thrown at us that this
is an ill-adyised move. Who would have
considered it better / say that it is
an imputation that ought never
10 have been made but would call upon this
Capitol TO fall and crush my frame before 1
would fight a settlement TO bring peace 10
this old Commonwealth. Applause 1
think | have Indicated my intense interest in
this matter. Why. 1t would be an unfortunate
day for Virginia to fail to meet this settle
ment. ! am gratiied that the debate has
been opened on this question. The General
Assembly should carry conviction 70 the
world that the people of Virginia have ac-
cepted the settlement If your action is
prompt. the fears that appear in the
horizon may be banished forever.
but if you are going TO Oily
daily you make it possible that number Of
the bondholders who have pooled their in
terests may 90 TO Mr.. Olcott and demand tine
surrender of their bonds and break the pool.
Your hardness may he the means of destroy
ing what we have already accomplished /
therefore hope that the House will now speak
its sentiments Oh this subject. VIII you agree
with the Senate in approving and ratifyng
what your commission has done :"
Mr. Munford made few closing remarks
appealing TO the members If they could not
vote for the resolution 10 abstain from voting