The times. [volume] (Richmond, Va.) 1890-1903, 1895-11-13
STATE WAYS AND MEANS
WHERE THE LEGISLaTTEE CAN
GET AID FOR THE UNITERSTf.
Hon. Marshall Mccormick Finds 1t In the
Sinking Fund and the
Century Bonds.

WASHINGTON. d. c.. Nov. Especial
Hon. Marshall Mccormick, the we'll
known lawyer and legislator, Is here to-
day EN- route TO his home il. Clarke coun-
Is. Va. lie comes from Richmond and
the Executive Mansion, having held
long conference with Governor O'Ferrall
yesterday relating to the ways and means
Tor rebuilding the burnt part or the Uni
ycrsty at Charlottesville.
He has returned here from voyage or
discovery % the state Capitol in k.ch-
mOnd, whittier he went 10 md II there
was not some convertible something some
where I'm the hidden vaults OF the base
ment rich enough 70 be negotiated lof tne
cash requa. Cd 70 repair the damage 10 the
University without demanding from the
depleted treasury of the state the haf1
money OF the taxpayers collected FOR the
ordinary expenses OF the State govern
mcnt.
he claims 10 have been successful in
his exploration. and to have found in the
Sinking Fund Of the state large sum
nearly three hundred thousand dollars
which arose from the states dividends
on the stock held by her IN the Richmond,
Fredericksburg and Potomac railroad.
He also discovered a considerable
amount in bonds called Century bonds.
the creation or product of the Readjuster
debt agitation. and both the sums referred
10 may be made available TO base an ap-
preparation on FOR tho purpose in view
without direct extraction OF 10 from
the treasury.
Mr.. Mccormick is. OF course. disyleased.
not TO say angered. at the rcsul, OF the
recent election. tie charges mismanage-
ment OF party affairs In high quarters.
put fails 10 give any important fact in
JustincalOn OF his charges.
NIcARAGUA's HiG CANAL.
The Nicaraguan canal will almost 20 a
certainty be uuIlt. Whether by private
or public moneys Is as yet question.
The former means, however is likely.
The report telesrdphed from Chicago
that the NiCaIaguan Canal Companies
are mealnE efforts, with fair prospects
OF success 20 raise money I'm London for
The construction OK the waterway, is
cCLhrmed by SUI elemental adyiCes from
New YORK and SInfrancisCo. Rep
Do sentatives Of the company have pro-
duced evidence TO the entire satisfaction
OF the kings Of London finance that the
canal can be built for q sum very mucn
inside OF The hundred million dollar es-
innate Of the Government commission.
which has just returned from an official
inspection OF The route Onderful im-
movements have been made within the
last year or two H. excaydting machinery.
hv the use 81 which the actual work or
digging the canal will be greatly CHEAP
eIci.
THt INGII.a ATr.rUnr.
The Abandonment Of the Mosquito
strip b. the English Government is held
by the English and by the canal people
10 have been % compliance of the terms
and sr rit of the claytOn-Bulwer treaty.
which OF itself would insure the neu-
trality of thc canal # built with private
capital. This government has cl7lmed
from time TO time that the treaty I'M
question has been nuiihed, bug u
takes TWO 10 make sion q bargain. u 10
held and IS the English lSve never
conceded the point. tine Treaty may iH
said % D. I'm practical effect at the
present dime.
Tho abandonment Of the English claims
on the MOSQUITO strip We're tho first steps
taken preliminary % tho enlistment or
London capital I'm the great underi kins.
Steady progress has been made Win TIC
uegOtfa tons since early last spring inc
aref hint that was given that tangible
work in the direction outlined had been
accomplished W8s when the Nicaurausan
lobby suddenly stepped all attempts 10
sefrro couurf ssional assistance after the
canal hill rad raegcd the Senate ard ot-
tanned dav for hearing IN the House
last February.
MrRF TUeraJ.
Tho belief is entertained in some quar-
tors that this talk Of building the canal
With Furiish capital is q mere threat.
t0 work ON thc fear Of Congress and in
duce speedy action, 80 as 10 mead or Nle
America This IS q game that has been
PLAYED IN the past. but that is not the
scheme now. If the plans of the Me
araFUa people in London succeed, an Il
thev are now on the verge Of consumma-
ton. Congress will not be asked for a
penny o. help
H. ON tho other hand bill should be
introduced i'm Congress with the approval
Of tho Canal Company. appropriating or
guaranteeing cid, that fact OF itself VIII
fn 70 confession that attempis 10 raise
tho money iu London have failed. II VII
Doc a very easy matter 10 discover wheih-
cr the company wants this Government
to holp or not.
WASHINGTON in the interest Of leglsla-
tor an fears Of tho enlistment Of nri-
vaio capital from abroad may be- 0Oan-
donol. II they DO not seek assist9"c'
hore. then there IS actual 'angor mot
tho canal will he built and controlled by
Frelish canital protected by INC pro
Visions ~ tho lone-dormant ana muc"-
.t...--.r fsfas-f.r- rtit1usrr treaty..