Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-08-30

less than a half million we're distribut-
vu 10 'FsinlA people. over fourteen
million Went "a foreign holders.
The Legislature has three tin,es. since
the passage OF the funding act of 1892,
extended the time in which the old
bonds could BE- converted into ccntu-
ries. The report OF the Second Auditor
Tor the year ending September 80 1893.
VIII show that Very few OF the old
bonds are still mt. The amount ~ me
century bonds now outstanding IS i'm
round numbers $4,000. geo. Tho ven1rt
Of the Second Auditor Will also show
that over six million of these bonds
nave been registered as a perruaneu. in
ves'ment. They are held PRINCIPALLY in
Virginia. one notable exception being an
investment OF rather over a million bv
the School Fund OF tile State of Min
ncsota.
Tho coupon bonds arc PAYABLE +,
bearer. and it is difficult 30 locAte the
holders. but after careful injuries
amongst men who handle many bond,
Mr.. Ryland thinks il safe 10 estimate
that as least five millions OF them arc
owned in Virginia. OF course the much
larger portion OF these are held in the
cities. but the number OF holders In the
country and small towns is rapidly In
creasing. Ii is a matter of surprise to
so Nalt FAX sc HNilDtG OF persons who
hold from one hundred to thousand
dollars
The bonds have steadily increased in
value. as the State has demonstrated
that she is both able and willing 10
meet the interest as it natures. The
present price. SGia is nearly 100 PEI. cent.
more than they sold for when first put
upon the market The indications are
That by the time they reach the 3 per
period
ing ut par.
Another gratifying fact is that the
courts are requiring that Il large pro
portion of the judiciary ana other funds
under their control shall be invested in
century bonds. In some instances these
investments have paid the beneiiciarl.s
Il handsome increase on The original
cost
THE ARMY WORM HERE.
The worms. which are creating much
havoc among the crops in HenricO
the farmers there. Several have been
secured and sent To the Commissioner
al Agriculture 10 ascertain their ma
turc. There is no cntomologist con
nccted with the State Agricultural De-
partmcnts Richmond office. and Mr..
koiner. the commissioner, has forward
ed several specimens Of the worm TO
tho United States Department of Auti-
culture.
Mr.. Koiner thinks probably the pest
is the much dreaded army worm. which
has never before been reported in Viz
ginia. The general appearance OF the
pest and the absence of any effect
from poisons corresponds with the
army worm.
LEGACY TO SOLDIERS HOME.
I'y the Will OF Mr.. Dorsey Claggett.
OF Washington, who died within the
present month, Mr.. Norris Claggctt.
his brother. now in the Conccdernte
Soldiers Home, at Richmond is left
the sum of $1,000. The legacy IS to go
to the Soldiers Home. as an cndow-
mcnt for the benefit OF Mr. Clnggett.
who was Il gallant Confederate SOL
dier. and is well known in Richmond.
Mir. Dorsey Claggctt was "a wealthy
real estate man. Mr.. Claggett is over
TO years Of age.
CAPTAIN IIUDGGNS' CASE.
Colonel John \. Curtis. 4 member of
the State Board OF Fisheries. to-day
declined to discuss the charges which
Will. 1t is said BE- preferred against
Captain IIudgins. commander of the
police boat Chesapeake. OF the Virginia
oyster navy