The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-03-06
ONE BANKING firm HELD
UP VA. DEBT settlement
PROPOSITION OF WEST VA.
WOULD HAVE BEEN AC-
CEPTED BY VA.
But Large Holder of Certificates
Objected-Claim of West
Virginia Equitable.
Intelligence Bureau.
Warrington, d. C.. March 8.

u. 3
NEGOTIATIONS between commissions
representing the states of Virginia
and West Virginia. who are involved
In litigation in the United States SUI
preme court looking to a compro-
mise. are at an end. That was con
ceded today by members of both
commissions. There viii be no fur.
ther attempt TO resume negotiations
and the next act in the celebrated
controversy will lfe staged in the su-
preme court April -. On that date
the court has announced that IL
would hand down a final decree.
AZ the meeting here OF the two
debt commissions the suit OF Virginia
against West Virginia came as close
TO settlement as IL has ever been.
West Virginia offered 70 paw approxi-
mately two and a half million dol
lars as a settlement OF all claims. but
the prOner was declined IL was
learned today that but for one in
terest, that of Brown Bros. New
York bankers. who control the lar.
ger percentage OF outstanding debt
certificates. the offer OF West Vir-
ginia to settle would have been ac.
cepted and quite cheerfully The le-
gal representative OF that firm on.
posed accepting the offer of compro-
mise. but the other LAWYERS con
cerned on the Virginia side we're not
only willing but anxious to end the
case on the terms offered bv the
West Virginia commissioners. In
this connection q much told tale to
the effect that tho lawyers on Vir.
ginia's side Of the case had an agree
ment which stipulates that they
shall receive the first 800 900 So
cured in this case in repayment for
their services Is Of more than pass
ing interest.
First Disclosed Figures.
For the first time. at this meeting.
West Virginia formally disclosed its
latest heures and claims She has
dug mp. and laid claim 20 hcr proper
tionate interest in stocks. bonds and
properties aggregating in the neigh
borhOod OF twenty million dollars.
This Is all newly discovered facts.
and II is upon these that the roprc-
sentatives Of the state hope to have
the supreme court base ns final de-
cision in the case. n that hope is
realized then the announced decision
on April - viii be DELAYED. for this
great mass Of new matter will have
10 be taken into account before a
iinal decree is entered In that event.
me appointment OF p master commis-
siOncr Is most improbable
Chairman Mason Of the West Vir-
ginia commission to-day gave out the
following statement REGARDING the no.
Eotations between the commissions
of Virginia and West Virginia ves.
terday. respecting settlement OF the
Virginia debt
Mason's Statement
be West Virginia commission has
not deviated from the opinion of tho
4upr"ne court In arriving at the con
clusiOns upon which us proposition
20 virginia looking 10 ~ settlement of
lh' virginia debt controversy IL
based There seems TO b. some mis-.
Understanding a. 10 the posifion tai.
On BY West Virginia in relation 10 tho
opinion OF the court The statement
has been made that West virginia ig.
uoi ~. .u Nucn opinion. On The contrary.
" has accepted tho opinion Of Tho
court as the basis Of settlement. and
u presented 10 The virginia commits
tcontinued On Page HinsD