The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-01-30

uary /. 1861. the date sxed for the set
tlement between the two States.
For the sums so paid she has a Just
and equitable claim against West Vir-
ginia for reimbursement from that
State 70 the extent of West Firstnia's
aliquot liability TO contribute to the
satisfaction of the common indebted
ness which has thus been paid off by
Virginia.
IN the second place. there Is q large
amount of the unfunded and unsettled
Indebtedness of the undivided State for
the payment OF which 70 the extent of
her equitable liability therefor West
Virginia Is bound, but as 10 which Vir-
sinia has not been as yet released.
she has right TO look TO West vir-
gin!a to assume and pay her equitable
proportion of this large Indebtedness.
July 1. 1871. In exoneration OF Vir-
sinia and in discharge OF West yir-
Gnia's just obligation to satisfy tho
same.
The authorized representatives Of
the common creditors, recognizing that
Virginia has already assumed or paid
as large a sum on account Of the debt
Of the Commonwealth contracted prior
to her Acknowledgement as she could.
under all Of the circumstances OF the
case. reasonably be expected to dis
charge, have agreed, on behalf of the
creditors represented by them, constl-
tuting nine-tenths or more in amount
of those common creditors. to accept
such sum as they may receive or be
entitled to under any adjudication
against West Virginia In this suit. In
rull discharge and acquittance OF any
and all claims or demands which they
have against the Commonwealth.
Relieves Liability.
The effect Of this suit, If there is
any decree at all against West vir-
glnia, will be to eaonerate and relieve
Virginia entirely from any liability on
account of that Indebtedness.
This is the most interesting phase
of the litigation for Virginia, and one
which gives the greatest promise OF
benefit to her.
I'm the third place. by reason Of the
terms OF the several settlements here
tofore made, or attempted to be made.
between Virginia and the holders OF
her obligations. and particularly under
the terms OF the funding act OF March
80. 1871. Virginia sustains fiduciary
their bonds and deposited them ESQ
far as unfunded) with Virginia, upon
the assurance that they would be paid
In accordance with such settlement as
should be made with West Virginia.
They have looked to Virginia to
use her best endeavcrs to bring about
such a settlement This Virginia per-
sistently endeavored to accomplish by
friendly negotiation with West Vir-
GINA
Her overtures in that direction hav-
Inc Ina 11v a.
1ected by West Virginia, no alternative
remained but to invoke the jurlsdic-
ton OF the Supreme Court of the
United States, the final arbter. under
our Federal Constitution, Of all con-
troversies between States. to bring
about such a settlement not only for
the protection Of her own rights and
interests. but for the vindicat1on OF
the rights and interests of the common
creditors which had been confided to
her custody and keeping"
senator Halsey Talks.
Senator Don P. Halsey. Of Lynch
burg, the patron of the bill to retain
the services Of Acknowledgement An
derson. made the following statement
In regard to the matter yesterday:
"Ip view of the statement In soma
Of the papers that the action Of the
Senate III this matter is amazing I
think 1t proper to give to the public
the facts upon which that action was
taken. The Finance Committee, after
full consideration unanimously rec
ommended the passage of the bill. It
was shown before the committee that
Major Anderson, having been connect
ed with the litigation from the begin
Ming. Is In q better position than the
Attorneys General who is to succeed
him can possibly be properly to rep
resent the Interests OF the State. No
reflection unon Judge Williams could
possibly he involved IN retaining Major
Anderson, for the reason that no law
yer, however great his ability and ms
dustry, could familiari2e himself with
the case sufficiently to take charge Of
the litigationat It's present stage. This
was recognized by Judge Williams hlIn-
self. who appeared before the COM