The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-03-05
Especial to Tho Tim


Washington, March 4.--Nothing an.
proaching a settlement OF the long
standing controversy over the West
Virginia Virginia debt Was arrived ar
from the all-day conferences held here;
to-day by the commissioners OF the two
states IL to-day's meeting had any
erect ut all II was to widen the
brcech between tho two commissions,
and leave the matter for final settle
ment by the United States Supreme
court, which has announced Ii will
hear final argument OIL April 49,
Tho commissions met at IL o'clock
this morning. but owing to the absence
OF some of the West Virginia com
missioners. bearing important papers,
the meeting was postponed until
o'clock.
At tho afternoon session tho West
Virginia commission presented n type
written brief explaining why 1t should
not consider Virginia's claim. which
has been approved b. the Supreme
Court for $1,000, 900 and interest from
1861. but offered se,S2Tla5.2S az full
payment of the debt, including interest.
1t stated that If Virginia would ACCEPT
this proposition. the commission would
Immediately use It's efforts to have tho
West Virginia Legislature meet in
special session and appropriate that
amount.
Virginia Commissioners Surprised.
Tho Virginia commissioners were.
| greatly snrpriaed Mt the $1,000, 1000 Of
fer. and went into executive session
for four or five hours. at the conclu-
sion OF which 1t presented a formal
reply to the West Eirginians declar-
Ing that the Supreme Court decree had
IN it's opinion, settled everything re-
sarding the case with the exception OF
interest due to Virginia, which tho
court had left open f,r anicable set
tlement between the two commissions.
In nIlit attl.r II ~
OF 92.327. 1923 In full payment. the
| West Virginia commission called at
tcntion to the statement in the Supreme
Courts decree which said There ap-
pear 10 be no assets OF value" and
presented II long list OF what are
| claimed TO be tangible assets. secured
after months of research into the audi
| tors records OF the two states dating
back about sevcnty-tivc years.
The S7.is2.5o7.46 judgment ordered
by the Supreme Court was arrived at
after finding West Virginia liable 10
23ia per cent and Virginia liable to
T6ia per cent OF tho total debt OF vlr-
Einia on January /, 1861. which was
$50. 5G3,S61.5
Clnim Assets OF Value.
| The West Virginia commission
claims To have found assets OF value
| in possession OF Virginia at that time
| In cash. stocks. bonds. etc. 10 tho
amount of S20,Slo.%57.ss. OF which West
4 = - ','io"iu ioS'iNt hSl portion, or
si.s"oi"4l2.
~ Is also claimed that prior to June
~, 1868 Virginia collected taxes and
other sums IL West Virginia amount
ihs TO s.2"oto.oo, which should have
oeen collected ny West Virginia.
ii'e commissioners place to the cred
1t OF Virginia, however. S26oa 200, for
ohhh STOCKS ana other items turned
over to West Virginia, which they de-
.itic SNOW virginia entitled to S2.3a7-
i''..S, the amount they offered to-day
| III inii settlement
Aiaohs the assets or S2o.Slo,S5'9S.
Mi,ich WI, 'hey state The supreme Court
"'' no' .eSoRiize' are tho following:
AcS'iai ehsh on hand In Virginia
',"'ui9' Si'lo1'"-'.oo'
w ue" 'htereSt ana dividends on
STOCKS owned and on loans made, 81,
| ''', ,o',-e;
rs 1,' oi sues OF securities or va
e.. 49,. ~. ot"s ''hu cdhal properties.
~, -
,, ,-;..t, o'' y. ",."h s'och purchased
10 non ou' u So'h'''oh luhu' 3D.
I;it,
,inia o,,. c, 80 pa, . Nh"seu "S VT
..iui, sald =, - ,t,. sa'.it' ~ntSh S,, VT
ANA obin p,i,rs.,., s,ame 9s'ssiPPi
ON nrcount - Ma