The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-01-02

to It alive and uncancelled. and that It should
act as the trustee or agent OF the holders OF
tho deferred certificates issued therefor In
efYecting . settlement with West Virginia.
Each State has appointed at various times
committees or commissions to negotiate the
matter. but nothing has como Of their desul-
tory efforts.
The amount Of deferred certificates issued
10 nearly S12. 100000. Of which about $10.OO0.-
600 is in the hands OF the public and the re-
mander is held by the State The public
holdings are mainly in this city. though few
Of the certificates are held abroad. For the
purposes OF concerted action the great ma
jorlty OF tho bonds have been pooled for .
number OF years. Tho amount 80 pooled is
about $500. 900. and the Farmers Loan and
Trust Company Is the custodian OF it. Ev-
cry effort that has been made Of late years to
induce the State Of Virginia to discharge the
obligations OF the trust which she herself
created has provoked the reply that the State
could not with good grace. or logically. pro-
coed against sister State, to collect an in
Arrears on her own OBJ! sas ions The s State
offcials have promised eli along that when
PROCEED against West Virginia and would do
the sedeTs to p Il
certificates are naturally beginning to look
a That the siate q wcst Virginia is beholden
isrred certiicstes, and the State Of Virginia for
obligations as trustee to enforce the claims Of
the deferred certificate holders. appears clear
5s the oSs1o %S IN H.Sn sno Sta s
that document that: The General Assembly
shnl provide by law for adjusting, with West
Virginia proper. TO be borne BY the States Of
Virginia and West %rgn It will be oh
West Virginia, recognized it's obligations in
thu. premises when It adopted its constitution
len Of ths deSt q Virginia; BRO. to JAM.
Legislature shall ascertain the same as soon
be Sk AID THys snd 0T he
tbs principal within thirty-four years.,
bill ar bs up s TIE
ginia into the Union was being Considered:
and it was answered partly by the article OF
second seson 81 ofdinanees aSopt
ed by the Wheeling Convention. which put into
wsnt N kHGMn 1Ss ces
y,ention took the first steps toward organizing
We, Nest Virginia as q State End the SECTION OF
r1nditarss br Virginia within her "" torritors
n ae since any
l@,t oi tie DEBT was contraeted., and credited
Gsaed from tie counties Composing "a The new
sThe obligation of the present State o, .yir-
deferred Certificates ia set forth on the face Of
those certificates. which were issued from the
iss1 The certaeate ess srs de running a'' Oh
This Is to certify that there is due unto.
ssds Se 81 N No
Payment d said ope.third will be provided
virSinis and West Virginia il regard 70 tie
State Of Virginia holds the. said bond. 50 far as
SSnianded. in trust for the holder OF this certi-
:, The bonds which have been pooled In the
Fsrmers' Loan and Trust Company, are repre-
sented In negotiations with the Stats 81 Eir-
Eapf q iii. city: ]; 9. Mabfn and &ishsrd
sFday il Us Ss ss Sss
deferred esrratI h9aeIs thai 4 should e
r no Wy he o.HI sss
ppop thai settlement Tor vrislnls h s con:
tended L., I'LL ,, along that fhe could not ~;
sss Ea sa sa Hsa d ss ysr pR el
9wn creditors. Tint d"ubti.ss Is one reason
i ss vrgndas nsstvIty ND aHptn.r TINT
two States. Virginia will have TO assume what
sys5 ths Ss da he wts!ySen the
sntdh re aen,oI 70 E9Ieh She arbitrarily charged
'so fs srI a. Vest " Virginia is concerned" con.
tinued the comnittosInnn. I'll" reason for lis
obligation 90 her Part i. MT one lor Witch *
SS,sgra me- " letting ths matter drim; 10 tlat
Of politics, mud there has been no need of res.
10y SiiSaa jrsini Viii = M s T. ' snti RTi a.
ss.Sa q I S,s s D sns %s1G:. me-
% discharge Lsr daIy ~ ~ Tor Tho hoiI.
y Eyi E."aIss . f. r ;s a Isss" s
s !.isrs ~ W. ORIGINAL bonds held w W;
SSn ei9 ,r d M rginIr sgss ny balaae.; nn1
{: q: Z "a & . v:
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