The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-01-06
55sTsT II9 ~ 9I7
IIE:'.O||R8|NTE.R'|Is||'I||A|||I'T|'IE|::.
NEGOTIATIONS
Movement 8toS Secure All h Agree
III tt,ent With West Virginia Y Y gi'a
iS8 \ ot,SDebt Matter. 81 & y y
FADING a uP,

SCertifl cate 81 g crs l.lt'
State toSS secure 4: \; AZ fl \ A Mi
csa1bl Adj dstt1rtetiltt \. y
Nm 4 cct1 Ting tho vlrginia-yssestt
Virginia Debt commits IN IL y M llula
ialed publc tio lil'sta 81 sle Y
4 81 Virginia. and of X tle hold rHI 2 4
what al tho est V g ~ 'n'ih
eertifl ngainst virg init, sfot
i. "a aymepts by q pro-
por tiohs ofsths deb nt,a ct la
sbet orast par tltjon crritory.f 'fhess
81 tcs l,feuert I. boz org
S1l,rd & sc tho whole debt 81 the state tl'a3
which was contracted Tor tho cons'rFue.
Ion 81 canals rnil rnpikes aua \
p,lbic 3inpro eiits III ~ -
:, =, u IA alt,,, butt for the purpose Ct
N ,,sya what II il ow Vest gina.
$.lo giate 81 virgin ia holds the Old bonds
81, dcposlt in her treasury az Trustee ,Ie i0r
q ahe owners or 4 heso corti icat e 81. I
some So, 100, 600 Of principal q these ser
$tificntcys u =
81 iR.i,ad A is tho bondho ldcrs nlld re now
It fIeid g ~ thc pubii .a5nnd Tho act 81
MNfarcl, 20 1s1 which de clareslS tlia t$ pa y
Il All ~ fhem yv il he oyided In accord-S
4 ahro18witf,% such settlement az shall be
had between he States q N a1 IN
West Nlrg I'M IS, ". 8,
bout Sc 800, 600 d said cert ficates we're
Y issued under tho acts OF 1882 and lSvs'
togti,e olders. nd are nov held ny
Ssthe publ Z. a ].
tSftN n
B ars would took solely to West y rs ina
Tor payment Of IN he DEBT lAss
csrnted ny the n. u S.S sSss
n Both States G oncurred.
4 tos the cert ficatcs issued und er 1c:I
y atct of III n has tecr aimed Il hat Viz
II I, ia was no. n abso utci rel oased d from
Il allIlabil.ty: do that It WI be seen Il ha q
Y Both virginia and IN est Y lrginia are In
tarcsted IN having these large claims lgs
adjusted 9ys 5tS
Il d ts va & paase by the legislature
y 81 Yirgnia In ting % GO minis s..
SION authorized to bri Is bout g Sc t!e'
11,e:i L i practlc lie, Wit At est
e Dvcrtnres were mad y & that ltne @b y
n tnnhI,ication from K oyernor o. Ferrall3
II II tho Governor Of Nv est v look S.
ny tc al COZ, fcrance between represen tn;
4 tivcs.a 8 81 tlia8 tpo tates.S vi o. view OF
8$bringing about an am cable adjustment
hut thu authoritles8o est lna fa IL.
Eed%anJg declined TO max ny so " factorys
4 responH III onosa II
n 1900 nnot her act was passed con-
4 ii,iulng the commission and Senlarglng its
x oWers. authorizing 8 still fur Their ne go-i
fiation With ~ ext Virg ina, IA nd the bring
Ing q / a suI t, with tho consent and g l,-s
#pYoval 4 OF the ttorne " General iof the
StatA.5 IN event OF he ID lure OF aichs
by tho commiss ion- BIZ t,gg be-.
N FORE the commission ceuld. Axe any such
u action II In tho premises It was provided
x that at least tWo-t hrds hi arnount @ n the
N Certificates In the hands Sof n tho pu bllc,
issued under thc act 81 ] 81 land a ma
y jority III amount OF all other GER tes,S
n should be placed btect TO 4 the controlI
OF the commission, upon "a contract with
stl1d holders he said cert ties or
VI their represent Ia tIVcs, binding them to- ac-
NJ cent the fsresul ts % e. such sat tory
8 Sci clement us might be secured Ell her by
negotiation or by sui -s4 II & Is understood
hat over $40 900 90 of the certif tes is
sued under the act Of 1871 4, and q large
ma jorty The ot her cert ficates. have
been ~ d eposite wi TIL a IA committee con-
eisting 8 IL gcntlemen5o OF the hlghest q har-s
L alt er,.sa nd thai An his commit tee, acting
8llndcr a. contract with the parties III
N tied n thereto have placed these certift-l
II Gates undo the control OF the Yirglnin
Comm mission. So tina u 4 the Virginia Debt
Commission I ia no pr epnred TO deal Ref v
fectively4 with this cub ect. and to make
d settlernen wi th5 W est u re- MIA, binding
q not only that Stat ii X she agrees to- it,
n but also the parties entitled to the third
sitttQf tie or. ginal bonds deposited with the
ii State OF lnia Sas trust &c, presented
4 BY said cert ficates. 3 HI
n ~ As Case IN Point.
Il subject sby the rathe tart,ing decision
y OF tho Supreme Court OF the United States
sfjn8ytfe recent case " Of & n South Dakota.
against n ortha Carolina, VI IN which hat
VI court has given q decrco aganst North
Il Carol ma for some, Sc 200. the amount Of
certain bonds and coupons which A the
a state of South d kota acquired by gift
y from creditors Of n ortll Carolina. :sSs
While the south OAK taS case Is diff fer-i
cit In important respects from any i suit
/. which could 3 he brought against either
Virginia; Or West Virginia OH d ccount5 u
d the sunsettle led debt OF tho old State, It has
y been suggested tina him a suit might be
. brought by South Da kota, or any; other;
II State tina ii should acquire any Of, these.
certificates by SLIT or sot lerwlse, In the
u United Stat cs5 Supreme Court against both
Il Virginia. and est, n YirsinIa, to force eI
III Set Element and determination OF, the lia.f
4 billy q q the two states respectively a!ns
y regard to such claims n. s
Viii III Is believed Il tina t West Virginia could
at present nal an nd justment of all of
A These Claims against her. for d COMPARE.
sAttyely SINAI sum, anu ono which would
IMPOSE M serious burden (npona the people
5gipfE that prosperous and growing State. 8s
& Atya u events 1T Is the hope OF the l,leln-
ss YRS OF mission, who have g1yens
Ms matter their earnest, ttent ion for
Vera Years past, that amy occ1s Oh for
s lgattonS through tho flnterposltlo OF Il
Ate, jim the ca sci Of: South Dakota,
Aany { necessity OF 9 suit by Virginia,
\ inst = West Virginia, q Will bo obyia tod
mlcabl IA adjustment between the
Ftattes and the loldcrs Of these Gel
i5.4 ~ At r. r, Y, I III -,