1
^ "" MJi » t * ^hi'» -J"*1* . *" Jlusfaiumfc |p$8m sr." ¦..-.;t ¦ vv.^!. =4===' "-J *..* >; i V l?l> - -'<»..« -it j TUESDAY ... .. JAGUARS -7**879. -i : f "»f* j . ¦ ->¦ ,n » I #».m. T* 3 f j . ^ The Uew Ibailway Boheizie. \ Never before waV'tberea scheme of in- terngrtmproirc&igai tu Vtrghrta -strrsoifiir blc, so unaroWAM*, sc fortified by sound reason, and so lull of public benefit as* kbat of the proposed sutotUtUion of a railway for the Jeng^emhsred ami hopetesgly-inelfi* cient James-River cariab So dead is 'the canal that noire but 'visionaries and i mar¬ plots can dream of tampering with it any louger. And so clearly is it decided that the railway is the superior mode of transit, and that it stone can develop Virginia and give its eligible route from the westorn plains to the Chesapeake its proper supre¬ macy, that there is really no good ground for controversy abont? it between geotlemeu who are intelligent aud fair-minded, and who arc devoted more to the public welfare than to some personal or local object. The canal is dead. A strong combination, not satisfied that it would die soon enough, em¬ ployed methods sanctioned neither by fair¬ ness nor .patriotism to hasten lis dentb.^ They saw how their uuworthy work pros¬ pered* and they have witnessed the yeart of ruin to Virginia commerce they helped, to cause. ; ? ^ * It is a little remarkable that persons iden- itocti iu ®#r thni resulted so disas¬ trously should now be exclaiming with vehemence against any disturbance Of the James-River VaJley in its sleep of death. It best suits them that it should sleep on, and that the tincst and ricbcst valley in Virginia should remain for* an unlimited time the real valley of the shadow of death." "What say you, Virginian.", to that? Some of these people, beholding the dead canal in the cold obstruction to which they have so helped to reduce it, are protesting against the sale of the canal as a most valuable property 1 They rate it as worth iicelve millions of dollars. Can any man believe one making such an assertion sincere ? If be be considered sincere he cannot be con¬ sidered sane. No sensible or practical idea should ever be hoped for from that man. The canal has been a dead loss to the State and to Richmond until it is finally aban¬ doned, helpless and useless, and only those who have schemes averse to the public good would dream of keeping our finest valley in its present sad condition. The average annual cost of the canal for long years was about $500,000, and that is ended never to be incurred again. There be narrow-minded blockheads to the east of 119 and to tlie west of us. Not a single benefit can flow to anybody in Vir¬ ginia from forbidding the use of thd James- Jiiver Valby for a railroad, while the build¬ ing of Such a highway along that valley will pour enduring blessings and unceasing ac¬ cumulations of wealth upon the State. " The Country's Safe " . notwithstanding the predictions of the wilder sort of greenback partisans that there was not coin sufficient in the country to resume specic-payments, and that the at¬ tempt to resume would terminate in a gen¬ eral smash. Resumption has taken place, and altogether without the merest ripple of a disturbance. There has been so little wisdom and so little sagacity in that wild¬ est of all kinds of political agitators that their predictions could never be regarded with the slightest respect, and it was even a good omen for resumption that tbey pro¬ phesied it would fail. So far from there being any danger of failure for the want of coin, more coin has been deposited with the Government since resumption than has been drawn from it. Everything that come* from all quarters Shows that there is perfect quiet In the finan¬ cial affairs of the country, and that the entire people are satisfied with the reality and the permanency of resumption. There is no reason to apprehend disturbance, and every reason to believe that confidence will grow and rest firmly and quiet and order be com¬ plete. If this be true there must be a great change for the better in the country, and a change that must be based upon a condition of thinR9 that will secure the country against arty excess of » speculative and financial character that can exert any wide¬ spread influence of a deleterious character. The country has descended to the hard-pan. and there are no means of expanding credit and currency to a degree unwarranted by the solid basis upon which they rest. Im¬ provement will be slow and sure and ;busi- uess will fall into channels of safety and integrity. The beauty of that will be that energies, and reliability, and capabilities will become fairly and Justly rated, and en¬ terprise will find encouragement and nour¬ ishment that it has not met with for a good while. It must be that under this condition there will be a degree of Rood faith in the com¬ merce of the couutry that will be healthy and invigorating, docidedly advantageous to public peace and order. Of course while specie-payment is main¬ tained and a healthy paper-money system lasts solvency and regularity must be strengthened in all departments of life- political, social, and uioral . The country is bappy indeed in this change. And we shall ' see its beneficial effects not indeed too rapidly for good, but. with a steadiness that will not permit any new despondencies amongst people who are themselves rea¬ sonable and properly restrained by a sober and sound discretion . such, Indeed, as tbCj limes we huve gone through should have taught u«\ * Government and Railroads- Mr. Charles Francis Adams, Jr., in re¬ signing his position ol Govefpnjent director in the Union Pacific railroad, writes a very, suggestive letter, which it will be well for; Congress to consider. His idea that Govern- ment dirociors should be made independ-i eut of the railroads and empowered to look Into railroad administration, sp thdtijotbing should be allowed to be withheld from their supervision, Is proper an& should be adopt¬ ed by Congress; ( ^ Mr. Aiujds talks like an old-time man. In these days it is strange to hear w$$t sounds so honest -and so faithful. A wan like Mr. Adamf cannot be kept as Government di¬ rector if he can be driven from bis position by making it uncomfortable. That renders it wise and proper for tbe Government to make tbe director Independent ol tbe road. The Government should pay the aalary of tbe public director, and keep the director as indeed a guardian of tbe public interest, xi n warped by ony Influence of tbe railroad, WMt unobstructed by aoy interference of tbe corporation obscuring any act of ad-, mtabttfttion from scrutinv. ^pgr^Aoiiiffl.'te * man pi totegwty* H tbo . .VQtigr&a bfp adyjc# available, much w'Ui bedoue to protect tbe public interests ' $i>4 relieve freight and- travel from uuju*t The Federal Cabt^^Tias^*^ oi&f effort to obtain somdii&eraujj^j in fbe n rioun Bcblisoamb Kfety S|p China, hss been prett^clli^tledP&tthX^ount will not rat witxUhe udtoii® thfo pon^T^AK treaty was not such 'toneiis^ishoul^ have been ratilied by the (TflttMT SUUg^t iUlTTBffglSMTSKOTiffr -nfliS' ;iti8.not surprialng^ .Tbe facilities for trua44 porting large numbers ot people from one land to another are greater than ever, while there .too wide a difference b$ty?een races of men .to make it safe or desirable that there should be no limit to the importation of any raCe. .The American . republic has had al¬ ready enough experience to bring it to the conclusion that it will net be compatible with public virtue or public force and dignity that there shall be any addition to tbe.iAfdatic and African races In this coun¬ try. That there will be a bar put to any considerable addUion to the inferior races in this country have not a doubt. The peace and dignify and the best interests of the nation demand it. . *>./¦ . fiE N E RALASSES fiLyIfT I RGIMA. i . . r. ..... >/. ' Monday, January 6, 1879. SENATE. ... ¦ Mr. Qcessnbkrkv, president pro tempore, in tlse chair. Prayer by Kev. <*. G. Vao- deralice.D. D., of the Manchester Metho¬ dist church. 11 ... . An invHaJion from the Commissioner of Agriculture, inviting the president and members of the Senate to visit bis cabinet of minerals) was read. Mr. Lkk presented a joint resolution for the distribution of Hotchkiss's Geographi¬ cal Survey among the Virginia representa¬ tives in Congress. Lies over. Mr. Griffin* presented a resolution as to what legislation is necessary to reduce the pay and compensation cf the treasurers and commiHSioners of the revenue of t"he differ¬ ent counties of the Commonwealth so that the same may approximate as near as prac¬ ticable the per centum of reduction in the salaries of State officers already made. Re¬ ferred. Mr. Lee offered a resolution in reference to the erectton of a fence around the sol¬ diers' section in Hollywood. Referred. A number of bills were considered and tabled on account of tlio absence ot sena¬ tors. A communication was received from the Governor announcing the resignation of Hon. Garland Hale, judge of the County Court of Carroll county; which, on motion of Mr. Ward, was laid on the table. Also, a communication from the Governor giving the names of commissioners or deeds for Virginia, & c.; which, on motion of Mr. Ward, was laid on the table and ordered to be printed. House bill, with Senate amendments, in relation to the assessment of real property for purposes of municipal taxation in the city of Alexandria aud to exempt and ex¬ cept said city from the operation of an act entitled an act to provide a basis of munici¬ pal taxation on the real property in cities and town0, approved March 29, 1877, was taken up and passed. THE PUBLIC DEBT. Mr. Kojxer moved to take up the follow¬ ing joint resolution, of which he is the pa¬ tron : Whereas the proposition for the settle¬ ment of the public debt submitted to the General Assembly of Virginia by the Gov¬ ernor with his annual message embraces some provisions which, in the judgment of the General Assembly, the financial condi¬ tion of the State renders it unsafe and in¬ expedient to accept in their prcseut form: therefore, be it liesolved (the House of Delegates con¬ curring), That the Governor be and he is hereby requested to convene the public creditors of Virginia on the . day of Jan¬ uary, 1879, at , for a conference with them by the Committees of Finance of the two houses of the General Assembly appointed for that purpose, to effect a satis¬ factory aud final settlement of the debt of the State. Mr. Phlegar presented the following amendment : Strike out all after " hereby" in the second line of the resolution, and in¬ sert the following : " Authorized to request the presiding officer of the council of for- ei^u bondholders of London, England; Messrs. Baring Brothers & Co., Messrs. L. G. & G. C. Ward, Messrs. de Rothschild, Mr. August Belmont, Messrs. Brown Bro¬ thers & Co., Messis, Richard Irvin & Co., Mr. Charles M. Fry, and Mr. Hugh McCul- locb, or the authorized representatives of said persons, to rnr.'et this General Assem¬ bly on the 22d day of January, 1S79, for conference about a plan of settlement of the State debt." Mr. Grimsley suggested that the words "and such other creditors of the Common¬ wealth, or their authorized representa¬ tives," be added after the word " persons." The phraseology of ttio amendment was discussed at some length. Mr. Daniel suggested that it would be better to put the resolution in this form : "That the Governor of the Commonwealth be requested to invite the creditors to con¬ vene in the city of Richmond by person or proxy, on an early d«y, to be designated by him, for conference with the General Assembly respecting the settlement of the public -debt, and that he Invite [here follows ¦names mentioned in Mr. Phlegar's resolu¬ tion] to attend said conference by their rep¬ resentatives." Mr. Koiner consented to Mr. Grimsley's addition, and Mr. Phlbqau's substitute, with Mr. Grimsley's addition, was adopted. Mr. Paul said that as there was a thin Senate he would move to postpone the reso¬ lution tratif to-morrow at 1 2$ o'clock and make it the special and continuing order for that day. Lost. * Mr. Fulkeeson said that as Mr. Paul's motion bad been defeated be was not pre¬ pared to vote upon the resolution. He op¬ posed the resolution on the ground that no good would be accomplished by the confer- cuce and that there was not time enough to get the creditors together by the 22d. Mr. Koiner said that the very object of the conference was to get the creditors here, where they can be closeted all the time with the Seuator from Washington, that they may know the true condition of Virginia aud how poor we are. When that is dene he felt satisfied they would be willing to ac¬ cept what we have to offer. Mr. Fulkerso.v said that the condition of Virginia had been misrepresented to her creditors-; that we were not ableto pay more thau three per cent. , . The resolution as amended was adopted and »eutto the House. OTHER BUSINESS. Mr. Dakibi.v presented a bilr to provide for annual reports of municipal taxation, indebtedness, and assessments, lieferred. Mi. <Jhji.K8 presented a bill for the ap-| point men t of an Inspector of the coal-mines and collieiies iu the counties of Chester¬ field, Powhatan, and Goocblaod, and to provide apqinst loss of life and injuries re¬ sulting from carelessness in the mines and collieries. Referred. . i House joint resolution for the election ol a judpe for Carroll county on Monday, Jan¬ uary 13tb, was agreed to. Adjourped. , r - HOUSE OP RELEGATES. ; / MK-Hanoer in the chair. Present, about 70~of the 132 members. Prayer by Rev. Dr. H. A. T upper. Senate bill entitled "an act to amend and reeoact the second section of an act ap¬ proved March 15, 1878, entitled on act to amend and reenact the charter of the Bank of Manchester," was reported from the Committee on Banks, Curreucy, and Com¬ merce. LEAVE OP ABSENCE was granted Messrs. Bernard .one day, R*:, land and Young two days each, and Car¬ ter of Northampton five days from Friday .last. » - FROM THE GOVERNOR.- r .7,*$>/.$' j The 'aid before tbc flonseadom- municjtion from , the Governor u>foru>{j>« i ieslguat!e«)'W-'tM Spa* remrcfftmty cwrrj pmtroot wtcr^nrcc huu tt v»w . St?w1n te printed wfciArf isfetntly.], .. . ~pOT?OyAir IKXPLANATION. i Kr. ^nAs^sntif! .f 0 >~Mf. Bpeaken-r-1 a?* the indblgeride 6t the Ho1i?e;wli!te Ttosafc* a fcet^nareSplfodtf on. Before- tbe Christmas tecew I tnudeSomere- mnrfcs.' iu advocacy of.'.tbe recfcjtjttbp Of Judge Montague, the report of which that appeared in the JHspattfi, though accurate as far felt \*eUf, was not full enough to con?; vey my meaning.. .. I characterized an assertion ju'.a commu¬ nication written by S. R. Armisteadi Esq.,/ as " unqualifiedly false." 1 stated then that I understood Mr. Armistea{i .to. spy that Judge aionta^ue " came to toe' next session of the Legtefatri're " "a$ a member, and had Mathews and-- Middlesex addadtoiils cir¬ cuit. J: thought his communication bore J.hts construction, and l characterized it as ( false iu this .respect. . I have not seen Mr. Armistead, nor have I'had any communication.. from bio. He was present and beard my remark*, and X suppose be understood meL1'; I . V , . ^ FKBSfeNTED AND'ftZFBRRED WITHOUT BEADING. ' By 'Mr. (Shaves :: A bill to amend and re. cnact the seventh section :of ebapter 212 of the Acts of lSTS-r'TMo'r the protection of firth in the waters o? the Commonwealth above tide-watec. . . !>ll ' : U By Mr. PuLtiAST r , ^ Y( i,* ¦Resolved, That? tbe 'CotbmUtec oh k'Asy- lums and Prisons hi? instructed to report, upon the <'Xt>edi£ncy of authorizing direc¬ tors of lunatic asylums to contract Idr the maintenance and care of incurable and harmless lunatics outside of said asylums. By Mr. Stevens: A bill to provide for takinetbcseu.se of the people as to calling a conatltutionatconvention,and the election of delegates to the same. By Mr. Davis: A bill to relieve William P. Htirvey of a line. By Mr. Pulltam : A bill to incorporate the Virginia Towing Company. By Mr. Lovell: A bill to amend and re- enact the 1st seetion of an act approved December 13, 1877, prescribing the time for holding courts in the Twelfth and Eigh¬ teenth judicial circuits. By Mr. Trout: A bill authorizing tbe district school boards of Roanoke county to apply district funds to the payment of teachers' salaries. By Mr. Finney : Petitions of the School Board and citizens of Accomac county in relation to school funds. By Mr. Graves : A bill to amend and re- enact section 3 of chapter 184 of Code of 1873, in relation to the mode of enforcing recoveries of money on executions. By Mr. Robinson of Portsmouth : bill to amend and, recnact section 41 of chapter 8G of the Code of 1873, iu relation fo inspections, as amended by act of April 2, 1874. By Mr. Henry: A bill to amend and rc- enact the 67th section of the charter of the city of Richmond. By Mr. Fr^zter: A bill to provide for keeping the paupers in the county of Rock¬ bridge. By Mr. Taliaferro of Norfolk city:- A bill to amend and recnact tbe 1st section of an act to incorporate the Norfolk and Berk¬ ley Railroad Company. By Mr. Jordan : Resolved, That the joint Committee on Constitutional Amendments be requested and, required to inquire into and report upon the expediency of abolishing the office of Superintendent of Public Instruction. WHAT THE COLLEGES HAVE GOT. On motion of Mr. Kkyser it was Resolved, That the Auditor of Public Accounts be and he is hereby instructed to report to this House what proportion or per cent, of the funds due for the past year to the. public schools of tbe Commonwealth, the Medical College of Virginia, the Uni¬ versity of Virginia, the Virginia Military Institute, and the Agricultural and Mechani¬ cal College, has been paid during the last liscal year. OYSTERS, OYSTERS, OYSTERS. Mr. Wilkinson offered a resolution that th«r Committee of Finance be instructed to report a bill dividing into sections all of the waters of this Commonwealth where oysters are or can be raised, and renting or leasing the same. Mr. Finney moved that the resolution be referred to the Committee on Chesapeake and its Tributaries ; which was rejected. Mr. Robinson of Norfolk city moved to pass by. Rejected. . Mr. Bohanan moved to postpone until 14tb. Agreed to. JUDGE FOR CARROLL. On motion of Mr. Kyle it was Resolved (the Senate concurring). That the two bouses of the General Assembly will proceed at half-past 12 o'clock on Mon¬ day, January 13, 1879, to elect a county jud»e for Carroll county to till the vacancy occasioned bv the resignation of Garland Haie. INSPECTION OF STAVES.NO Qt'ORCM. Mr. Robinson of Portsmouth moved a suspension of the rules in order to enable hiiu to introduce a bill '. to amend aud re- enact section 41 of chapter 86 of the Code of 1873, in relation to inspections, as amended by act of April 2, 187-1"; no quorum voting. Mr. Attkisson moved that the nousc do uow adjourn; which was rejected, a quo¬ rum voting. ( ; " Tbc question recurring on agreeingto'thc motion of Mr. Robinson, was rejected - ayes, 41; noes, 30. not Ihe required vote iu the affirmative. / ' what do you mkan by " diversion " ? Oh motion of Mr. Jordan it was Resolvedly the House of Delegates, That the Superintendent of Public Instruction be and is heroby requested to explain to the House what lie means by diversion of the public school funds. INSOLVENTS.INFORMATION WANTED. On motion of Mr. Henry it was Resolved, That the Auditor of Public Accounts be requested to report to this Ilou?e the amount of insolvents for the past fiscal-year, showing what are the insolvents from capitation taxes, what from taxes on real estate, and what from taxes on personal estate; and also a statement of tbe probable expenses for. the current year, showing what will be ordinary and whet cxtraordi- uaiy expenses. " . . HEXBICO COMOTSSIONKRJ?. Senate bill "to amend section 2 of chapter 171 of the Code of 1873, and the acts amend¬ atory thereto fn regard to commissioners of courts ".in -effect requiring Henrico com¬ missioners to he residents within the Ju¬ risdiction of Henrico courts, and proposing, therefore,' to oust the present incumbents who live in Richmond.was taken up.! Messrs. Taylor and Southward, of Henrico, and Lacy,, of New Kent, advocated the bill. Messrs. .Hent.y, Anderson, and Pclliam opposed it. It was, after being amended for a clerical error, ordered to its third read¬ ing by a nearly unanimous vole. ' Mr. Southward stated that the bill is fa¬ vored by Judge Minor. Mr, Henry pre-, s^nted a petition signed by Messrs. Joseph Bryari, H. A. Atkinson. Jr., and George W. Thomas, of Henrico, and thirty or: forty members of the Richmond bar practicing in Henrico courtsy against the bill, jMr. .Taylor, in the course of libs argument, ex¬ hibited a petition sigued by about five hun¬ dred citizens of Henrico, asking the judge that Mr. A. L. Holladay be 'appointed a commissioner. THE PUBLIC-DEBT QUE8TI0X. BUSINESS. Qn motion of Mr. Henkel the resolutions from the Finance Committee in relation to a conference with creditors were made the special and continuing order from Wednes¬ day next at 1 o'clock. (Theso resolutions propose, in effect, to invite the creditors to come here to have a conference; but notify¬ ing them that they need expect no other set¬ tlement than that outlined in the Barbour JWM. i . . Tne following substitute, offered by Mr< f was ordered . to $e printed : ; Whereas this General Assembly ia dest¬ roys pit settling the_public.debt 9^ the State aprts w hich \vfll render %{ certui u tirfimrsittfeimnCTsansr tS3RB3H£ -baving been r those repre- belt ncurrlng), That ireby authorized ri/TT»gnr>ic«)p preswwypracer of tbe Couc- jJJ-.o^JCc^ej^nJQQxidholdciia^.cJL^mrfopj. ^England, ^Messrs. Barter- Brother \'Ml Oe;BoOf*Jbild, August Messrs, Frown, BrOtfacfg KIcliiiM'TfVl!! £ Go., ChtiFTe4^m*$y»"1 Esq., amiiHoE^Hogb McCullocb, or tbe an- tborized representatives of such persons, ta meet fbis General Assembly on the *.. day <rf. January, 1879 (instanty, lot? confer¬ ence about a plan of settlement of; the State' . The Public Dc&t of Virginia. HlffJily Interesting lectlnsii in London. ;; ;;.>* .; '% '(0 -;( ;THE FIRST ONE. u( /. .»' [Correspondence of the Richmond Disnaich.] . - Loroov, December 11), 1378. i The following notification was Issued on Saturday, December 14th : /»' .'A general meeting of the holders of thg, various classes of the Virginia State bonds is convened by-the Committee of Virginian Bondholders and tbe Council of Foreign Bondholdersifoi* Thursday next, tbe 19th of. December, at 2 P. M., at the Council Housp*. 17 Moorgate. street, to. consider the terms! oJC Pl, bill for the conversion of .the Virginia "Sfallc debtrAvhich has been brought forward in Virginia, and which is recommended by the Committee of Virginian .Bondholders and tbe Council of Foreign Bondholders.?.' Tjbave just returned from attending th% .meeting, at which I was very courteously allowea.to'be a spectator. . The Tllght Hon. Ei P. Bouverie toot the' chair, and delivered a long and exhaustive speech on the debt and the Various hiatters relating to it. " He spoke for nearly an boUf in that peculiarly easy flowing and yet forci¬ ble style for which the House of Commons is famous, und which he doubtless acquired during his extended parliamentary career. Mr. Bouverie spoke in warm.almost affec¬ tionate.terms of the people or Virginia, eulogizing their chivalrous character, and affirming that he had full confidencein their honest desire to settle tbe debt justly. The speech was frequently applauded;- and re¬ garded as an oratorical effort to elucidate and explain questions of finance, it was un¬ doubtedly worthy of one who learnt states¬ manship from Earl Russell and studied finance under Mr. Cobden. Mr. Bouverie is a man of the very highest social, political, and financial standing, and the effect of his remarks was immediately perceptible on his audience. After giving ample details re¬ specting tbe draft bill of the Council of Fore Is n Bondholders, published with tin- Governor's message, the Chairman moved tbe following resolutions: llesotved, That this meeting support the proposed arrangement of the Virginia debt embodied in the bill of tbe Council of For¬ eign Bondholder?, submitted iu the Gov¬ ernor of Virginia's message of 4th Decem¬ ber, 1878, to the Legislature of Virginia, and request the Council of Foreign Bond¬ holders and the Committee of Virginia Bondholders lo take such steps as may be requisite to ensure its passage. Sir Henry Tyler made a short but very effective speech in seconding tbe motion. IT the Legislature of Virginia would pass this bill be thought the bondholders ought to co¬ operate with Governor Holliday in securing n settlement. The proposal Involved large concessions on the part of the bondholders, but nevertheless it would be a wise act to strengthen tbe band« of the Governor, who had proved himself an enlightened and sa¬ gacious statesman. 51 r. Davis, who said be represented .£200,000 worth of slock, strongly objected to any settlement which would not fund tbe whole debt at six per cent. Another bond- bolder, who said he had jCG,000 worth of stock, said this was a question o> honesty or dishonesty. He would rather lose all his money than make any further sacrifices, because if Virginia chose to repudiate her honest debts she would be a by-word and a shame all over the world. He could better afford to' lose bis bonds than Virginia could afford to embark on a mad career of rob¬ bery, for he could call it nothing else. A lively discussion ensued, several bondhold¬ ers pitching into the McCullocb scheme, and going so far as to accuse Mr. McCul¬ locb himself of having on a previous oc¬ casion deceived the bondholders in that very room. Mr. Conybeare, who said he was well ac¬ quainted with Virginia affairs, expressed bis opinion' that as soon as tbe State-debt incubos wa* removed the material advan¬ tages of the State would attract capital and enterprise, and make her one ox the richest in the Union. He, warmly supported the proposals of the Chair. Mr. Bouverie having replied seriatim to all the objections that had been urged, a vote was taken. Between sixty and seventy bondholders were present, and out of that number only six voted against the resolu¬ tion. The McCullocb scheme had not a single friend in the meeting. Everybody de¬ nounced it as "absurd," "unjust," etc. From what was said it seemed that Mr. Mc¬ Cullocb made a speech to the bondholders some years ago in which he declared that Virginia would pay every penny of her debt. Having now proposed to "scale" the debt, the bondholders are unanimous in denouncing him. Une excited bondholder said ho had been to Messrs. McCullocb & Co.'s bank, in Lombard street, aftd had Vtold that firm that their conduct was dis¬ graceful." A great deal must of course be allowed for excitement, but certainly this meeting, as far as it went, was entirely anti- McCullocb. ' I looked carefully around the meeting, but I did not see any persons 'whom. [ could identify as " Sbv locks" or "Skin¬ flints." One "bleated bondholder," of a rubicund countenance and aidermanic corpus, aftor smiling benlgnantly as long as he could keep his eyes open, went off into calm and peaceful slumber. There was a single lady present, and, I regret to ^ay, she did not speak. As I watched this bond¬ holders, I wondered whether, if she were sent out to Virginia, she might not succeed better with the Legislature than any of the male gender. This is not unlikely, after the way some of the Ycitdj«sters were fas¬ cinated by a certain actress some time a^'o. It came out during the proceedings that a great many bonds are held by trustees for widows and orphans. Colonel J. B. Dunn, of Petersburg, who had expected to be pre¬ sent with me, was unable to attend. St. Andhkw. THE SECOND ONE. Lonj.'on, December 20, 187$. As I was leaving the convention of Vir¬ ginia bondholders on Thursday Dr. Hyde Clarke, the secretary. who is a warm-heart¬ ed friend to our State.said to me, <? What do you think of our meeting;!" '"'"The geueral feeling of conciliation, " I replied, " delighted me ; but, 1 regret to say, I don't believe the Legislature. in going to pn?s your bill." 4< Well," said Dr. Clarke, " we have done our pail towards a settlement." It was a race with time for me to get oil' my last letter on the day of the convention, and 1 omitted to say that Mir. Bouverie, the chairman, read a telegram from Richmond stating that "the Finance Committee bad rejected?' the bill of the Council of Foreign Bondholders. Notwithstanding this, he urged the bondholders to approve the bill. Mr. Bouverie also objected to Messrs. Bar¬ ing's scheme, as well as to Messrs. Mccul¬ loch's. T I have sought to inform you exactly of what was going on here among the bond¬ holders without the slightest personal bias in favor of any scheme. It appears to me, however, that all this contention over rival schemes is very unfortunate. On calling on Messrs. MpCaHocb yester- terday they informed me that Mr. ilcCul- locb's former speecb to the bondholders, which was severely deuounced by one or two cantankerous speakers in Thursday's convention, was simply an appeal for union among the creditors of Virginia. They also showed me the correspondence they bad had with the Council of Foreign Bond¬ holders, and I am bound to say that, hc- cordlng to the documentary evidence, Uessrs. McCulloch &, Co.. have done every¬ thing in their power to conciliate the Coun- eil and secure onity of netiorn I was in|oi»je$ by, Messrs. McCnlloch & .Co, tM tMftjveeii 200 ,inid 300 bondholders BBMfffeMPaD. wTiWHlrtlMptn.lhoD; of sXte b6^-* ^ T hor^^l^^on ad vain^ one "peeler " bond together. . -'-#fa^^<Bi; w4be^^^ Tor propocH jliod for Yfrsftoia f JUH " «Web is now being cirfculatvd* riradtlg'tbe b&drtolders by Mc- unnscTre wr - - ^ / . . 1. Isfcue of bonds to bo autbor^ed in |tbe amount of' tbo principal ql tbp debt of \ ir- tjinia as recognized by the first and second sections or the act of Marcfrl-l, 1878. 2, New "fburs" to bo coupon: tfr regis¬ tered. with the provision ibntcouporibonds mav be converted Into registered bonds at the option or the holder. Stirling bonds to be given forbid sterlings or for dollar bonds when desired at exchange of 4 f- peryl oi $5 to £1 sterling. '. '8. Bonds to be dated July 1, 1879, and to be due and payable forty-five years after date, but redeemable after ten years, at ibe plpa.enre of the General Assembly. Redemption to take place in tbo order ol issue. " " 4. Interest to be four per cent, per an¬ num, payable- semi-annually, on the l*t days .of January and July, at the treasury of the iStatfj interest on sterling bonds to be made ^wyablfeiu Londou. *ii 3/ Botb principal and interest to be ex¬ empt from taxation by the State, or by any county or .'corporation therein ; '-which ex¬ emption is to be expressed on the face of the bond*. : Thtfconpons evidencing the intereston new "fours" to be made receivable at and after maturity for all taxes, debts, dues, and demands due to the State. i7. Whenever holders of registered "fours" shall so desire, some form of tax-receivable obligation shall be given them which shall put them upon the same footing with the holders of tax-receivable coupon "fours.' 8. The new "fours" to be made and deemed a lawful investment by executors, administrators, and other* acting in a fidu¬ ciary capacity. j o. Issue of certificates to be authorized for the amount of the accrued and unpaid interest on all classes of bonds up to July 1, 1870: Provided, That in calculating over¬ due interest on bonds that have not been funded under the acts approved March 30. 1871, and March 7, 1S72, but two thirds of the interest shall be included. Said certifi¬ cates to bear interest at the rate of two per cent, per annum, to be paid at the same time and in like manner with the interest of the new "fours." Certificates to be dated July 1, 1879, and redeemable at the pleasure of the General Assembly. 10. Provision to be made for a sinking fund, which shall secure annually an amount equal to one half of one per cent. per cent.) on the principal of the debt as recognized. that is, on *29, 3">U, 826.38; the management of said fund to be with the Commissioners of the Sinking Fund, ns tiat body is now constituted, or as it may be constituted by the General Assembly. 11. For the purpose of providing for the interest upon the new " fours" and the new certificate^, and lor the sum required for the sinking fund, the Treasurer, or such other officer or officers as the General As¬ sembly may designate, shall be authorized to issue annually, in the form and of the denominations which the General Assembly shall decide to be: the best for the interests of the tax- pa vers of the State, tax-receivr- ble scrip for the amount of the annual in¬ terest ou said new "tours" and new cei- titicales issued, and for the said provision for the Sinking Fund, and be authorized to sell the same, after due publication, at mar¬ ket rates. 12. The proceeds of said sale shall be held as a special fund (1) to pay interest for the year on said new " fours " and new cer¬ tificates issued, and (2) the remainder to be paid over to the Commissioners of the Sink¬ ing Fund to be invested in the >aid new '.fours" (to be purchased upon tender*), or, in due Lime, to be applied to the redemp¬ tion thereof. 13. The said new " fours " hereby author¬ ized to be issued are to be sold or disposed of as hereinafter provided, at not less than par, the proceeds thereof to be applied to the retirement of the outstanding bonded indebtedness of the Stale, and to no other purpose whatever. In order, however, to facilitate such retirement, payment for said " fours" may be made in the present out¬ standing bonds of the State at their par cr face value, as recognized by the acts ap¬ proved .March 30, 1871, and March 7, 1872. when tpndercd in the proportions of two of the " tix-receivable coupon bonds" and one of the " peeler or second series bonds : Provided, That bonds which have not been funded under the aforesaid acts shall to taken at two thirds the face thereof tojjetl er with two thirds of the unpaid interest ac¬ crued thereon up to July 1,1871 (with pro¬ vision for issue of West Virginia certificates for the remaining one third, and the release of Virginia from all liability thereon). And payment for said new two-per-cent. certificates may be made in all evidences of the accrued and unpaid interest up to July 1, 1879, upon all classes of the bonds, pro¬ vided that upon the above-mentioned un¬ funded bonds but two thirds ($) of the In¬ terest accrued thereon from the 1-t July, 1871, to July 1, 1879, shall be allowed. . " 1 14. Whenever the Governor shall receive from responsible parties propositions for the purchase of not less than § 5. of the new " fours'" in conformity with the fore¬ going section, he shall then cause the bonds to be prepared and executed, and shall be authorized to contract with such biddors for the sale of the said amount and for such other amounts, of not less than $300,000, as may from time to time be taken until the entire issue be sold. Provided that no commissions arc to be paid by the State -and no bonds to be de¬ livered under such contract except upon actual payment, as hereinbefore specified. And provided further, that the General Assembly reserves the right to terminate such contract for sale upon six months' notice. New York, October 31, 1878. If you compare this with the circular issued by McCulloch <fc Co. some weeks aso you will see that the American Bond-Fund¬ ing Association has entirely changed its original proposals. The above draft does not propose to *'scnle" the debt, as the original circular did, but simply "scales" the overdue interest to the extent of one third. I suspect Messrs. McCulloch & (Jo. found that the holders of the funded debt could not be suduccd to forego their se¬ curity on the terms they offered. . They originally proposed to pay live per cent, in¬ terest on a "JCflled" debt of twenty-four millions. They now propose to pay four per cent, on the whole debt of twenty-nine millions. The amount of annua? interest to be paid by the State is about the same under both proposals. As far as I can form an independent opinion, I adhere to what I have previously written. viz., that success with the bond¬ holders depends prreatlv on the attitude of Messrs. Baring Brothers. The Hon. Bus- sell Sturgls was 'at home sick when I called at Barings* yesterday, so that I could get no information from him. The Times is the only paper which re¬ ported the bondholders' convention, and this is its version of the proceedings : ** Yesterday a general meeting: of the hold¬ ers of the various classes of the above bonds, convened by the Committee of Virginian Bondholders and the Council of Foreign Bondholder?, was held at the Council-hou.se, Moorgate'streef, to consider the terms of u bill for the conversion of the debt which had bpen brought forward in Virginia. Tl:e chair was occupied by Mr. E. P. Bouverie, who, in"Openiner the proceedings, gave an outline of the history of the debt, and afterwards explained the bill, which was embodied in the annual message on the 4th instant of the Governor to the General Assembly of Virginia. The principle of the scheme waij to give the consol-holders the same yearly amount which they now re¬ ceived.$4.80. This was effected by giving them un addition ol 20 per cent, of 4 per¬ cent. bonds. The peelers and anto-belluxn bonds-, unprivileged, would receive the same nominal capital they now hold in bonds o| 4 per cent. ; and the. holders of the sterling bonds, being taken at the rate of 5 pfer.cent. as against C per ccnt., would receive in ster¬ ling bonds equivalent to 24 per cent: per annum. Tbe 4 per oep.i. was to be*' paid in 'gold, and the bouto would hayfe Uie re- .{ :y: fi j . I . *' ' v .. rWTTtu * " « . r.j . o . taxes, were to be exempt from oil JStatO:lmd local taxation. Ti>o Itonds #<Sfre to redeemable at par tfy a ,'sfokin£ find. y®eferrln<c to the scbednes 17rtoposed"f>y M^rap. 3icCulloch and M esfvn BrUcjngs, lie .§ai^;.jLbp fatal error In both of tfrem was that to ^ret the measure carried out"-ibe .KmaenT^'4tie--<ionBol«Dor<fatW>- was necessary, and tbe oflerjmadein Jbqth those I schemes was not sufficient to^fndifce tbem Itsretreer into cither: 'HT*eivir»ljr mtrM tbcm nit to fgive^^hjgH to> the scheme now proposed, and promised if it were gene¬ rally sanctioned and approved by the meet¬ ing?" tbat ?tbe Committee and the Cotuicil wcrtild do their best to /jet tbe bill carried by >tbe Legislature at 'Virginia. He con¬ cluded by moving a. resolution supporting tbe proposed arrangement of the Virginia debt, and requesting tbe Council Of Foreign Bondholders and the Committee of Vir¬ ginian Bondholders to' take such steps as might be requisite to ensure its success. Sir Henry W. Tyler* in seconding tbe mo¬ tion, snid be did so io tbe belief that tbe scheme was tbe beat it was possible to adopt in tbe circumstances. To be successful, all classes of bondholders must consent to it. No reference was made in the address of the Governor of Virginia to tbe scheme of Messrs. McCuilocb, and it was, as tbo chairman bad said, entirely imprac¬ ticable, because it otforded terms to the consol-holders to which they would not consent; and tbe scheme of Messr3; Ta¬ rings tvas impracticable on the same account. Some discussion followed, in ibe course of which dissatisfaction was ex¬ pressed by certain speakers. If the Gov¬ ernment of Virginia did not keep faith with them they would be in.a worse position than thev were at present. They bad been pro¬ mised poymcnt of their debt in full,. but the present proposal amounted, in facfi to re¬ pudiation.. The acceptance of tbe scheme by the bondholders would not, it was said, increase people's fuith in tbe Virginian Gov¬ ernment. Tbey bad a bond now from tbe Government, and if tbey obtained a new one it would be simply a bond. 31 r. Convbeare and Mr. Iiiit urged the ac¬ ceptance of the scheme, the latter pointing out that, although it offered only four per cent, all round, yet that was better than waiting probably for years and getting nothing. It was to be re¬ membered, however, that if the resolutions which hud been proposed were carried, and they approved the scheme now suggested, the act legalizing it was not yet passed through the Legislature of Virginia. The chairman then put the motion, which was carried with seven dissentients. The meet¬ ing then separated." After all, I believe my previous sugges¬ tion.that the Legislature empower the Governor and 3Ir. Speaker to come over here and fix things. would, if practicable, be the best action tbe State could take. S'r. Axorew. DEATHS. l)lc<l, at the residence of tier husband. In Appo¬ mattox county, at 7 o'clock A. .VI. on l he 1st Instant. Mrs. WILLIAM -J. HUBI5ARD. She was a most estimable la'Jv, beloved by all who knew her. and had been a consistent member of the Presbyterian CUujcii for many ytars. * Died, January 4. 1879. at the residence of Mr. Tavior. In Dinwiddle county, near Pctersliur-', Per. JOHN 8. WATT, in his seventy-seventh year. ?iEsrrix«s. MASONIC NOTICE.. The niein- a bens of RICHMOND LODGE. No. ll'.W are requited toatteud a s-tatid communlca-' V » tlon of ihi'ir lodgeat St. AHmn's Hall, corner '1 bird and Main streets, on THIS (Tuesday) EVENING at 0 o'clock. The members of lodges ao'.'all iranMent brethren In Rood standing are Invited to meet with us. By order of the W. M. .JAMKS E. RIDpiCK. Secretary. JANl'AKY 7, A. L. 5879, A. D. 1^79. 1a 7-1 f MEMBERS OF RICHMOND LODGE. NO. 14. KNIGHTS OF/. I'YTHI will attend a slated me"timr offe/ their Lodjre »t Wilkinson'* Hall THUSp (Tnesdnv) EVENING at 7 o'clock. The instillation of officer- will be made. M»w- bees of sUler lodges are iraternaliy invited to at¬ tend. By oiver of the Chancellor Command« r. C. V. DAN FORTH, ja 7-1 ! * Keeper of Records and Seal. p AT HOLIC HEN EFICIAL SOCIETY. - VV The regular mnnfhlv meetinu of the above So- ckty will be belli THIS ('ttteMlay) EVENING. Jan¬ uary 7, 1879. at V/> o'clock. Prompt attendance re¬ quested. l$y order of the President. ja 7-1 1 JOSEPH W. LAUi IE. Secretary. Office Guanite iNsritANcfc company,) January 4, 187'.). f rpiIE ANNUAL MEETING OF THIS A COMPANY will b; held nu TUESDAY the 14th oi January, at the cominnv s office, at 12 M. Ji 0-d!d T. G. PEYTON. Secretary. City Bank of Richmond,? Richmond, January c, 1879. i THE REGULAR ANNUAL MEETING X OF THE STOCKHOLDERS of Ibis Bank will be In-ld at the Bank on MONDAY. January 1.3. 1979. at 3 o'clock 1'. M. WILLIAM It. TRIGG. ja 6-td ('ashler. . OrriCK of Richmond Pebpktval Biti-Dixo,-) Loan and Ttersf company. No 6ELEVKNTH .STliKET, f Richmond, Va., January 1, 1879. J T4IE ANNUAL MEETING OF THE 1 STOCKHOLDERS OF THIS COMPANY will lie held at tlitj otilcc on TUESDAY. January 7. 1879, at fi o'clock I'. M. As the dividend can only be declare* I by the new Board of Directors, the stockholders arc earnestly requested to attend or send their proxies. WILLIAM LOVENSTEIN. Ja 2-5t Cashier. Office Merchants and mechanics I.VSCIt ANCK COMt'ANY OF VlItGIMA, NO. 1 21 4 51 A I N ST R K KT. RICHMOND, Va., December 3 1, 1878. rPHE REGULAR ANNUAL MEETING 1L of the STOCKHOLDERS of this company will be held at the office of the company on \\ EDNES- DAY. 15th day of January. 1879! at 12 o'clock M. j.i 1-td J. 11. MOORE. Secretary. THE EXECUTIVE COMMITTEE OF X THE SOCIETY FOB THE PRESERVATION W THE PUBLIC CREDIT I* i«pie>»ed to incetiu } Richmond on MONDAY the 18tli of Janaary, to .on»i<H:r business of IrapQrtance. liy direction of Robert BbveulY, Esq., Pre>l- lent. WILLIAM L. HOYALL. Secretary. The following pw'lomen com;«vo the Executive L'ommlttee: A. II. Ore wry. Joseph Wllmei, Wil¬ liams C. Wickham, W. It. Cocke. Hubert SV. Charles Uruco. Alexander Hives, Randolph Harri¬ son. George W. Palmer. Willi im Ksan. 1?. H. Du- lanv. WILLIAM L. ROYALL. de 31-d'd ; Secretary. . Union* hank op Richmond.? RICHMOND, 24th December. 1879. ii THE REGULAR ANNUAL MEETING i of the STOCKHOLDERS OF THIS BANK v.ill Oc luMIn the rooms over the First National Rank on THURSDAY the 9th day ot' January next, .'it 12 o'clock 31. dc as- a ja mes miller, cashier. OX KICK MEHCUANTS AND PLANTKltSi savings Hank. > .Richmond. December 23, 1878. ) HM1E ANNUAL MEETING OF THE X. STOCKHOLDERS of this bank will be held at tht-ir oillce on MONDAY the 13th of January, 1S7P. :ii 5 o'clock P. 31. de 24 WILLIAM A. JENKINS, Cashier. Okficb City Fjbk-Jxsujiascck company,? Richmond, Va., December 12, 1S78. i A CALLED MEETING OF THE J\. STOCKHOLDER!? OK T1HS COMPANY will be helil at the oflleeof the company on the i3rn DAY OI'" JANUARY NEXT, in 5 o'clock I*. M. Hv order of tha Uoard of Directors. dc 12-tdin E. B. MEADE. Secretary. I 'tit st National Rank, i j Richmond. Va., December 13, 1S78. > The regular annual meeting OF THE STOCKHOLDERS OF THIS HANK will beheld at their fKinkimr-hctisc, In the city of Richmond, TUESDAY the A4ih day of January, 1879. at 12 o'clock, M. S. A. GLOVER. de I4-2tawrl4Ja Cashier. t ¦ .. National bank of Viboinia.» Richmond, Va.. December 10, 187$. > I The regular annual meeting! Ob' THE STOCKHOLDERS OF THIS HANK, for the elect lou of directory *dU U- held at the buukln^-houiie on TUESDAY. January 14. 1879, at 12 o'clock M. J. W. LOCKWOOD, de 10-2lawtd . ' Cashier. (. 1IKSAPEAKK AND OHIO RAILWAY CO.,) CA8HIEH1* OFFICE, > RICHMOND, Va., December 5, 1878. ) VjTOTICE. . THE MEETING OF THE 11 STOCKHOLDERS OF THE CHESAPEAKE AND OHIO RAILWAY COMPANY will be held at the otllce of ihe company, in the city of Rich¬ mond. Va.,on TUESDAY the 7lhof January, 1S79, at 12 o'ciock noon. de 0-t d i J. GARRJETT, Caahfw. JPOU LTBY EX 115 BITION . gECOND ANNUAL EXHIBITION or THE VIRGINIA POULTRY ASSOCIATION" will ta*o place January 15, 16. and 17, 1870, at LEVY'S HALL, UICIUIOND, VA. Poaltry-faucieri from Virginia, a well as other Stated, »ro cordially Invited to show their fowl#. Entries closik January 14, 1879. For premium Uaw, &c. «ddrtM ;j, ; iid H, TRH9IK>BE EttTSON^ v. ;itl- 1 .. <i lo buw T r i/n* (fvfji*. ' I THOUSANDS OF DOLLARS1 WORTH To . f ' ' CLOSED OUT AHOtfCE. Mil; f* nxttjxow. EXTRAORDINARY BARGAIN# IN (X>tr- l-r ; xTHAT MUST KF, SOLD: TINE aljUWool colored f'A^mrv i . STamtorui.75e.: at-enr. rsnn gj-* -iv 1 .'vor ill *1 LAI 90c. wor:h f 1.25 ; ' ' '". of .\f£KIXO.ft>r r Jnhirr?,- CK AtLjTOOL CA^HUKRH 4- 50, 5eiS af 0(7^. rfb 75-".: At <J.>. W'-rn," . ' <***81 worth *1 r al 90c. worih f 1.25 ; AtKvljv IfLACK oW hi?6c. worth *1 ; at »5c. worth *1.10- worth *1.23 : * .. HEAVY POI'LI Jf-ALPACAS in nil colon |»- pet yard worth 23c. : KNICKERBOCKER SETTINGS at 10<\ r.r rcdtifud irom 10?ic. ; BLACK ALPACAS from 15c. to £ 1 p«r var !. BLACK SILKS at all prieet. We w n't , a* t!ie good* lotiji l>e seen to l>*> ttil.v '. elated, COLOR SO SILKS atgre.itl;-- n:<!nr,fd pr'i .. COLOR*!) SATIN'S 111 /real varlotv. \\ ' , elegant LIGHT-BLUE SATIN. Inches wide, ;t» $1.23 P'-r yard w,r i-> 3 CREAM-COLORED OAMWLASSE M/.K .... per yard woitti *.1: BLACK SILK TUIMailNG-VF.r.VKT fll . *1.60, *1 75. *2, and *2.30 j^r yAr i, fifty "per cent, more; WlDtfBLACK VELVET at «£ ^ r v,r.j ,, f- *3: at *8 rcr^nrt 7«>ri I. K3 u : COLORED SILK. ,VEL\ElS a; *lJ5o ,,u , worth *2 50 r PLATD DRESsGOODS, one snd.i lull* \ ,r > r at *1.23 per yard. rednced from *1.75. CLOAKS! CLOAK V CLOAK*! Having a large s'oek on hand, we ffT»r « x»n nary inducement* m> a- to close out tl.«- atcck: ?8 CLOAKS goM a' tfi; ? lO CLOAKS sold iX/f? : *12 CLOAKS told al *<J ; $ 1 3 CLOAKS sold at * 1 0 * 420 CLOAK* ?old at $13. And liko reduction* have tx*n uu<!< on (hi hi . price CLOAKS. b'UUSl VI .Its: fL'IJS ! In FURS our rales have been l«tgc. !..<.. . with a small stork* which we are <!c'er ml: close oftt fvf-ti If wo Io-4' moni'v In doing \\ show a cood >t< clref MUFFS. COL' AR*. < and BOAS, and II ATS for ladicaand :i 1 BLANKETS 1 BLANK liTS! »LANKK'r> We have too many for this time, and ha*" heavy reductlonsln the pil e-. H'e s> 1j w that, will suit cverylwdy, and a< to prl.*> fixed 1 htm low that lie cW****t imyer* it. even have the courage to ask u* to U-».- 1( CAKFETS! CAUFWTS: CAHl'KTM We show tlie cheapest C AIM' in > . Many persons now have floo. . ,r enrrets on them, not knowing how « h. could have their lloor* eofercl wj»|» ,1 .,[. Ciirpet; ho just c-ill ami vet priced li ... have a larKe let of llKiiN ANTS w. 1 m clr^d out betorc the 1 Oth |ti»fanr. We show ,'omcof the cheapest K'L'tiS, \j \t- OLL-CLOTUS ever oll'cre '. FLANNELS of every description em >». ! r lowiiit prices; RED TWILL FLANNEL, all r.ool, at 2 rnrd wortli 2fic. ; Wli)E WHITE FLANNEL al 23<-. worth :i* 1,; va rd ; CANTON FLANNELS In al! qn»IltliM,lu I:. Unhleach'd, ndCo'nrwl: BED-TICK at 10. li'j, 15. 16*. a per yap! : CHEVIOT SHIRTINGS at F;. 10. 1 J : «t.! 1 iH-r vard : BLEACH Ml) and L'NULKAt II ED >11!-. I ;T I V . »» and MHKTINlIS retailed at wJ .»»!. * 1! i" DOMESTIC GINGHAMS at g.'j. 10. an: ljy.^r ynrd ; Barcuiiis 111 all kinds of materials r. »r i :. » "i St EN'S WEAK: PURK LINEN TABLE-CLOTH, twoyr.r-1- ui worth 41.50: LIN EN TABLL-DAMAsK at 05 « r:li -1 75c. worth ¦? I . at 83c. worth *1.10, ::t »| ><l .'25. J!»d Ilk.* harifat:i£ Iti tlner nnli!:. - EXTRA-LONG LINEN DAMASK lAlil.K. CLOTH at toil/ |. it cent. Ur'n-v reeul r; TURKEY-RED DAM \sk for Tahh* < «? i.*. per yard wurtli 86e.. at *1 worth >1.23. :tt .! ... w- rth .73 : FRINGED NAI'KTNS at 30c p-r.! / :t li 1. * at. 60c. wor'h Sl»c.. at 73<'. worth *1. a! worili *1.23: LARUE NAPKINS :;t *1.10 tK-r dozen worth fl ' at *1.50 Worth *2. at *3 worth T-J.a .J ijualliios jii-t »'. clMtin: IIL't 'KABAcK 'IOWELS at 18''. r <JmM.ii IKli'.i HUCKA l!A<'K TOWELS, all limn, at * 1 .50. *2. £2.50. ami up to *0 p. i* dori-n : DAMASK TOWELS at per d< /e.i wo. tli -1 r i?4.30 1 er d< 7.cu wocth iO, and ll:r r lost a* ( heap : WlI)W CURTAIN-MUSLINS at 1*5 V * rti |kt yard, at 20c. worto St)<^, at 2%c. ¦.vortii NOTTINGHAM LACE CURTAINS at * «. *7. *9. "rl 0. * 1 2. and *15 a M-t t.»r i«-.. ,u- dows, worth ilnrly per cent, iiuti-: NOTTINGHAM I. A * KS f.#r CI BTA1N- at !. . 15, 10'j, 20, 23, :I0, 35, 40. and 3t|e thirty per cent more: TABLE-. STAND-, and PIANO-COVERS In j (j'.nlltlf--. verv ''hcan: LINEN CRCMB-CLOTIIS two and a hail' » !on?{ at *;j, three and a half y.inl-- lutii: 1' *¦<. fim»* yards lou# at *3. :«1I or which j.< ' .. live per edit, helow n'gul.ir prlees; COLGATE'S SOAPS. EXTRACTS, mtd TOII ;. WA'l E'tS retailed at wholesale p; ;<"i ¦¦ : LADIES' UNDERWEAR, of our own inaiiuftr'-n'. «t price < that will .vtonUn yon. as garments rtndv made for h*s Than vou i-an elisVe the materia! and uuike tln in : We offi-r for OOe. u GENTl.EMAN'S StlUST of the !m>; WamsUtta eoUon and pui< I linen, well made and lltil h'd: have only t - lanudried before wearing, 'ihfx: .-hlrts flood as any two-dollar iauudrl''d 1 . eltv; A full M.K-k of GENTLEMEN'S H RNI.-II! < (iOODS. »ui'li a-, COLLARS. >< \Rl". I » BOWS, II A NDKERCHI KFS. St >( K S. «If »\ - Sl'SFf.N'DERS, UNDERSHIRTS. and Dl! . EliS.all of which will bu*old %<-ry ehi ap. We cnnimrate bnt few of the nrtl.'Ii'- f ston*. hut will '-t'lte that we keep :!:.. I,\ll'.l ^ BEsT-ASSi >RTEO. and t'llE.Vl'E - 1 - 1 . " v DRY GOOD?*, FANCY GOODS, and N"l this State. LEVY BROTIIl Ilv 1017 and 1010 M-ln . Ja 3 , Rieliiiiottd. '. j£ET COD-LIVK II OIL. MEADE A BAKER'S MEDIC INALL V PURE. imported i>n:; We hav» the testimony of phvsl<*lati- .. scrthe It, ar.d of path tin who ha ve tafc'-n ". ' IS MOltK ACCItl'TAlir.R TO Tit K 5THV V'M MOP.K EASILY A^IMILATKM T>fVN ANVo 01'-. MEADE O AK I Importing and DUT.ensing I'haru;^- no 13 Sl.t) Main street. RKlmioii*!. 0 JKWKLKY, Ac, >.* I. Y T \V EN TV DAYS I.ON'f : 1 ! : s* will llio «*?ia (i «»<¦ to bOV DIAWNl WATCHES, CHAINS, CAMEO :»t meat fHcrllic^ be t>;lVr««L . - ' krep mvolHcc tmtll . hat lime T v. iii I oat balance ot' Htork. For fnl»> ii-eoriineni of WATCH .M A'i'Ki: i A I.- LA - ami PoLI^HING-l .ATHC. Will II 1 a line SAl'E\ SHOW-CASE, DEsh' .*<.. i' ; S. A. V. 1 \ST'M K. J.i 1 -tja.il No. 17 i'i>i!rUfii* i 2 HOLIDAY PKK^KNTS. ! O. i NOW LAN .S CO.. JEW El LER-. COFtN "I! OK Mai v and Tumji - 1 1! 187 S. tTNE GOLD WATCHES, FINK GOLD OPERA-' ILYIN?, FIXE GOLD GL'ARD-CHAIXS, FINE GOLD LKONTINK CHAINS. FIXE GOLD ROMAN N ErK-fll A I V>. FINE GOLD ROMAN LoCKETs FIXE GOLD ROMAN* BA NDS, fine gold Roman shawl- pi.vs. FFX E GOLD ENGRAVED I»R A( 'J'LE I S. FINE GOLD EN VMELLED HI! l-.l.l ! FINE GOLD CM AIN-UR A < 'ELK J >. FINE GOLD STON E-CAM I.O - I. E l. V TONS. FINE GOLD STONE-CAMEO It <. > O M - tons, fine gold i>t;.ne-cam::i)m ai!F :-jn- RINGS, ELEGANT SOLITAIRE DIA.MoNO J'M> DROPS, ELEGANT SOLITAIRE .\si> t Lt - MOND RING**. ELEGANT DIAMOND v\T> ONYX o. w ELRV, FINE JET ONYX ANI> GOLD N F' N ''H \I V FINE JET ONYX avi> GOI.D « »C« . K. - (V PENDANTS, . FINE JET ONYX ani» <:«>(. D VFII.-I'lSi- * drops, a s i > r.noociiK-. with an Itntneu-* avoitmciit of uihr' article* Of JEWELRY , ash J STERLING SILVER I'D . i>. In ca$es bultable tut holiday iuva ii!',* " duced prlcc*. PROI'EXSIOXA L. SAMUEL D. UAVIKft, JAMKS- fcVO>>- Prof. Law Richmond College. >ourj A.VIES & LYONS, ATTORNEYS AT LAW. COKN'tlH SIXTH AN1> MA'»X V.IO.t «*. RICHMOND, YA. Prtj'.-oftlce Rox. 193, Mercantile and lUMirar.oc Law si ccia.ll> . no 22-<x)d2m m. w. Iev. t. au'iiir. ATTORNEYS AND COUNSELLORS t' 1 xA * OFFICE: 101S MAIN STRtET. i RICH MO. VI), Y.V. no 10~gta%v3m . i _ EpmT<:o.\iL. IVIUUINIA Xo lflCT LTl' K A '. vN' I T MECHANICAL COI.LKUK. 'i . ' ; v stv-ston iHKlu* FEBRUARY SO. I S7i». 1 v room -rem free, and board at *7 amim-"; pjrtudtica for earuim;.* on farm «,|J' created advautayts for mccl^.iuio% *.> tSvlcca *cek. For cauWu.3 or spiy l)iy *0 . c. L. C. MINOR. " 1 , go ai.Ta^m > }> l r\m .TT V i l"\«i *\ mi to iS iu'r B Um ATCil Vk j -N i IN w L ' D

Chronicling America · 2017. 12. 18. · "" MJi» t * ^hi'» -J"*1* Jlusfaiumfc |p$8m.*" sr." ¦..-.;t ¦ vv.^!. =4===' "-J *..* >; i V l?l> - -

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  • ^ ""MJi » t * ^hi'» -J"*1*

    . *"

    Jlusfaiumfc |p$8msr." ¦..-.;t ¦ vv.^!. =4==='

    "-J *..* >; i V l?l> - -'4 relieve freight and- travel from uuju*t

    The Federal Cabt^^Tias^*^ oi&feffort to obtain somdii&eraujj^j in fbe nrioun Bcblisoamb Kfety S|p China,hss been prett^clli^tledP&tthX^ountwill not rat witxUhe udtoii®thfopon^T^AK treaty was not such'toneiis^ishoul^ have been ratilied by the(TflttMT SUUg^t iUlTTBffglSMTSKOTiffr -nfliS';iti8.not surprialng^ .Tbe facilities for trua44porting large numbers ot people from oneland to another are greater than ever,while there .too wide a differenceb$ty?een races of men .to make it safeor desirable that there should be nolimit to the importation of any raCe..The American . republic has had al¬ready enough experience to bring it to theconclusion that it will net be compatiblewith public virtue or public force anddignity that there shall be any addition totbe.iAfdatic and African races In this coun¬try. That there will be a bar put to anyconsiderable addUion to the inferior racesin this country w© have not a doubt. Thepeace and dignify and the best interests ofthe nation demand it. . *>./¦ .

    fiENERALASSESfiLyIfT IRGIMA.i .

    .r...... >/.' Monday, January 6, 1879.

    SENATE. ...¦ Mr. Qcessnbkrkv, president pro tempore,

    in tlse chair. Prayer by Kev. ic«)p preswwypracer of tbe Couc-jJJ-.o^JCc^ej^nJQQxidholdciia^.cJL^mrfopj.^England, ^Messrs. Barter-Brother\'Ml Oe;BoOf*Jbild,August Messrs, Frown, BrOtfacfgKIcliiiM'TfVl!! £ Go., ChtiFTe4^m*$y»"1Esq., amiiHoE^Hogb McCullocb, or tbe an-tborized representatives of such persons,tameet fbis General Assembly on the *..day honestyor dishonesty. He would rather lose all hismoney than make any further sacrifices,because if Virginia chose to repudiate herhonest debts she would be a by-word and ashame all over the world. He could betterafford to' lose bis bonds than Virginia couldafford to embark on a mad career of rob¬bery, for he could call it nothing else. Alively discussion ensued, several bondhold¬ers pitching into the McCullocb scheme,and going so far as to accuse Mr. McCul¬locb himself of having on a previous oc¬casion deceived the bondholders in that veryroom.Mr. Conybeare, who said he was well ac¬

    quainted with Virginia affairs, expressedbis opinion' that as soon as tbe State-debtincubos wa* removed the material advan¬tages of the State would attract capital andenterprise, and make her one ox the richestin the Union. He, warmly supported theproposals of the Chair.Mr. Bouverie having replied seriatim to

    all the objections that had been urged, avote was taken. Between sixty and seventybondholders were present, and out of thatnumber only six voted against the resolu¬tion.The McCullocb scheme had not a single

    friend in the meeting. Everybody de¬nounced it as "absurd," "unjust," etc.From what was said it seemed that Mr. Mc¬Cullocb made a speech to the bondholderssome years ago in which he declared thatVirginia would pay every penny of herdebt. Having now proposed to "scale"the debt, the bondholders are unanimous indenouncing him. Une excited bondholdersaid ho had been to Messrs. McCullocb &Co.'s bank, in Lombard street, aftd hadVtold that firm that their conduct was dis¬graceful." A great deal must of course beallowed for excitement, but certainly thismeeting, as far as it went, was entirely anti-McCullocb.' I looked carefully around the meeting,but I did not see any persons 'whom.

    [ could identify as " Sbvlocks" or "Skin¬flints." One "bleated bondholder," ofa rubicund countenance and aidermaniccorpus, aftor smiling benlgnantly as long ashe could keep his eyes open, went off intocalm and peaceful slumber. There was asingle lady present, and, I regret to ^ay, shedid not speak. As I watched this bond¬holders, I wondered whether, if she weresent out to Virginia, she might not succeedbetter with the Legislature than any of themale gender. This is not unlikely, afterthe way some of the Ycitdj«sters were fas¬cinated by a certain actress some time a^'o.It came out during the proceedings that agreat many bonds are held by trustees forwidows and orphans. Colonel J. B. Dunn,of Petersburg, who had expected to be pre¬sent with me, was unable to attend.

    St. Andhkw.THE SECOND ONE.Lonj.'on, December 20, 187$.

    As I was leaving the convention of Vir¬ginia bondholders on Thursday Dr. HydeClarke, the secretary.who is a warm-heart¬ed friend to our State.said to me,