The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-01-13
CLERICAL O.R|C'E:
! in } 4.
Virginia Debt 4 81 mission us! rs
Collecting Facts for r s
55s8 Basis Of Claim.
WEST v /! !'|'I n \ SHARE 4 I
Effort T. Show 4. That a Much lls' of
tie Borrowed 4. No N on '7t II.
s$s3 ent tto Is Her.
NEST v VI C; N SHARE B E

The Virginia Debt Commissl created:
by the General Assembly OF 1904 o55, q and
which recently met at the JEFF rson Hotel,
in5 this city and conferred with the COM
$mittee holding the outstanding Virginia
rtificates to- the amount OF nine million
dollars. I{is q he'd Wi tn full power, The
full details OF that confer ence and he
plans fornlulat ed were sIno 81 ven IA out.
i q AS a. consequence Of that NEE citing, how
ever, and the action then consid ercd ,Si Il
mot then d greed upon, d clerical force
has Just been put to work at the instance
! Of the Virginia Commission 20 pr paret q
condensed presentation Q (, the egisla-
stion Incident to the ineeptio ion Of 81 the
states bonded debt, the legislators pa T..
3tlclpating Iii that legsla tlondand e9part
they took: tho responsibility OF members.
representing tho counties now ems.
.braced in the StateBof West Virginia for
mourning that debt and the 8purpo ses for,
which the bonds SsWere issued and sold
In addition thereto this. clerical force Is
engaged In trac cling the history Of nj leg.
iislatton bearing upon the debt question
and Its settlement down to tho present.
status ct the questio Ion. Is
How III oney Was Spent.
It can be Is shown !, that II much OF the,
money borrowed upon bonds Of the State. state
was appropriated for the development
and |simprovem OF what Is now the
state OF West Virginia. The building Of
the James River and Il ia nawha Canal.
which was then designed to connect the
jones' and Ohio Rivers by, means Of
a navlgablo waterway was one OF the
protects to which the proceeds of n tn
bond issue was devoted. Tho partial
construction Of the Covington& and Ohio
Railroad, "a the construction Of the Blue
Ridge Railroad ana the Blue Ridge tun-
mol were some Of tho other uses to-
which the bond money was applied. ,s5
Despite this fact, tho State OF Virginla,!
has never been able to induce w est Y ~
IgInia to enter into any negotiations iook,s
Ing to q settlement of the debt OF the ola
state upon, an equitab ana falr pasl 5lMa
state OF West Virginia has persists ntly
said BY It's action that It owned nothing 'tll
Now, However. there,i Is every, reason !! 70
believe that the Virginia Commissl on, EN-
powered by the General Assembly 70 q O
fact a settlement, will unite with the
committee OF bankers authorized 70 pool
the outstanding certificates nd IA the ., \ LWoa
committees, one representing me 3, slate,3
The other the deposltors Of certificates,
viii viii Jointly apply, to tho State OF West
Virginia through Its Legislature to CONFER!
wilma view to agreeing upon q basis Or
settlement fair and just to all parties,
these certificates to tho nggrsgate amount 2
Of about nine millions, have been asl1
posted with this State ~ j. n ,,,,i, n ~
ijcyed that this joint overture WI. w
s, ~ a successful than the unaided effortf
OF the state In Inducing West virginia
4 . take some action. The action Of tho
supreme Court OF tho United States IN
lie case Of South Dakota VS. Mort \ caro-,
;olina bonds deposited with < Is 4expeoted
.re t, in a sutton certain North Car,
Dina bands deposited with It rs .expeo OF,
To prove influential In inducing MssI MN, Nm
nilt resort to the courts,;lJ. }fltls NJ