The times. [volume] (Richmond, Va.) 1890-1903, 1892-01-27

in lie minority shall have the painful ssnss-
tions which come from conviction IF iaino
overpOwered IN good cause. OF / snail
be n peaceable citizen"
Az that illnstriOus citi en survived he
temcri,Y OF o posing General Washington
who was tho man that really carried tho Vir
ginia Convention. / hopo ! may survive tho
impertinence OF differing with Mr. Cardweu
THE PAST - sAYr.
But neither do OF not. the pas, il safe %
and have the comfort which Mr CarlweI
cannot disturb. that Il have done tho State
some service
rom the = th OF September, 1871. when
first took up NY pen H. behalf OF tho people
on the de- question. 10 this Jth Of January
l,92 seventeen years and tour months have
fought the bondholders IN season and our OK
season.
Aud though I DO not claim and have r,
right TO claim. all tho credit Of this achieve.
nent yet when ! call attention. as DO u0v
10 % total saving in nine years Of SO i.f.0z
principal and interest / feel a glow of PRIDE
and triumph ~ / reflect That this IS In uart
my work" Here are The figures. teal ron
der aud nwardly digest them The record is
historical. and have helped to make De-
WHAT RrADJusTsiENr ACCOMPLISHED.
When tho funding bill Of february d. 1872
was passed there was outstanding az the dt.
bill:
Consol bonds sit8seg3 20
Less held by colleges IL ,0l0
1910 bonds ........... s5is00 ODD
Less held boy colleges '62om
$500 -.,-..-., SM1r0
Less held Dy colleges 41Ol p!
Old unsunded bonds 5.eD2w 80
Less held by colleges 953,l 03
,sA75la56 -
Less held by United
States Government. 5si.-00 40
thirds of........s hi53is6 90 27Slot q
Literary fund bOnds............... i.f5,.llt IS
Total princiral ........... sl1.4-,..- "a
In addition 10 this amount Of prin-
eli al there was an accumulation
of past dues and unpaid interest
amounting 10. ....................s5 olssr,s
II this interest had been capi allied. a. Do a,s
hv the aw Of both 1871 and lS,l. the Wa0..
amount Of debt due July J., ls'2 exclusive II
bonds held by colleges ana the nfei States
Government. was ............. .e3.t.0.lii .7
The annual interest on which. "a
cOrding TO EXISTING law was. li.-,ri So
| This interest wOrla have amounted
IN nine years from July, ISL to
OF which The State has PAID IN cash 2..9Ils g
Leaving unpaid. ..............s&reis q
Add debt due July J. 1872. as above. 5tNhl.i O.
Maxim an aggregate of.........;.,. .sf,s222'4 @
OF which the State has retired Dy
purchase. by sinking fund and
Otherwise ..-...---- o.4-0't-i Us
Leaving debt duo Juiy /. ls9i....... sh5siie b
For which tho bondholders have
agreed 70 take ...... .....-.-.. e&5NNlti. H
On which the annual intereft Tor
the iirsi ten years lS.......-...-t--. SOL
Ninety years is--..-... .-.-..--.-. ..t,.
Ayers for 100 years.............+... -,
A saving in principal of............ .slN ..@.
\ saving in interest per anuum Tor
ten wears ...-.,..+-.... I'td i' NI
A saving IN interest per annum for
ninety years. .-t....+... l'uoi'N It'd
Average saving IN interest Ter all
mum for 10 years ...-....... ....... l.Ni''t, M
Which would pay principal az more flil
four times the amount agreed upon.
This c0mpr, mise includes the voluntary
surrender Of a. J2l 022 matured tax eceifaNe
coupons and over $500. O0J of bonds, ir1.
ducing a crop of over a million OF such con.
pons annually
And this concludes all deem it necessary
10 say in reply TO Mr.. Carlwel. All ask Is
fair play and a candid hearing
fBAAK G.. RUrIs.