TON. 



* : 



Virginia commission, under da 1 .1, rw 



'> accel.t. nil the ground tllMl ll I. 



authority to do so, ami that tie 

 nimble to nii-i- fr.ni n- n rennet a -mi fl 

 I. with other ne, e*suv e\|N t 



oroing annual interest n-i|uiiv.| \,\ *ueh 



incut. Later in ili. 



wa* arran-ed f->r N-.v. I 7. ami i.n i! 



bondholder-' c..||illliltee s||l.milt.-d ,,,, ,.. 



proposition, saying that "the coin: 



poses to surrender, a* of July 1, I-HI not lew 



than s-J:i.iN)(),(MM (principal and intcn-M 



such a proportion of $l!i.iNM).(i(io of 



cent. bond* a* tlic amount surrendered \- 



"MHMi." This proposition 



by the commission. Thereupon a sub -committed 

 of two from tin- commission was ap|Miintcil to 

 confer with a suit-committee of two from the 

 bondholder.*' committee. \\ith a view of arriving 

 at some basis foi further negotiation. AH a re- 

 sult of this action, the Virginia comn,i M 

 Nov. 18, snooted to the committee a willing, 

 ness to report favorably to the 1 .^Mature A 

 proposition to settle the outstanding nn-ettlcd 

 debt on the basis of an issue of new Km.: 

 to exceed a maximum of $1S,)MM>.(>00. to 

 changed for outstanding unsettled obligations 

 in the proportion of IStoiiH; Mich new Ix.nds 

 to run one hundred year*, and to Ix-a: 

 interest for ten years and :! per rent, for ninety 

 years. In reply to this .-u-p-Mion. the bond- 

 holders' committee said they would coininuni- 

 cate it to their depositing M-eurity-lioIders. but 

 would not advi- ptance. Continuing. 



the committee said : "We. will, how. 



r.-corom*nl u! '"llowjnf propp* 



. one hut 



MinilHr in f 



^fttHJ^ fur ^1N,(IUO,(JUU ; or bund inj> 



' > fli>t flre 



*t to run ill '.' |4-r . >t five 



the l.i. ..i 



LwUnm 



the ? 



cent, for li, 

 and it 

 rai ( I 



bill, and 

 thnl ': 



I i.- fr tn\i>. '1 i,i kut 



.ml In tluir (..n-i/ 



ing of tin- Uriti.-h iNitulhuldc^ v 

 don, at which the terim* of tin- prop. 



.liscuseod, and the n u rote 



1" 17. HL'l'e.1 t.i accept t! f the 



Tli is vote wa> 

 Virginia r<.n.mi-i- n. and on Jan. 14, 1892, GOT. 



:::ittrd to 



cud nif-.-age. containing tl 

 mission, and id\i*ing the ratification of the 

 terms agn-i d ujmn. 



Later in the sewion the Lrgislatore accepted 

 t lenient, and passed an act providing for 

 the issuo of new bonds. 



\V 



WASHINGTON, a Pacific . 



nutted to the I'nion Nov. 11. 1- 



s.iuare miles: population, according to the 



i-etiMis of 1890, 34D.:lSM). Capital, (My input. 



Gtorernment The following were the .state 



r.nicers during the year: OoTWWHJ 1 

 1' |-'errv h'.-|.ublican: Lieiiteiiant-Covernor. 

 Charles K. Lniiirhton: Sw-n-tary ..f State, Allen 

 Weir: TivMMiivr. A. A. Lindslev ; Auditor, 

 T. M. Heed; Attorney-General, \\ C. 

 Su].erintendent of Public Instruction. 1 H. 

 I'.ryan: Commi*>ioiier of Public Lands W. T, 

 l-'o'rrest : Chief Justice of the Supreme Court. I. 

 .1. Ander*: A >-iate Justices. Kliuon- S-ott, K. 

 O. Dunbar. T. L. Stflea, J. P. M-yt. 



The Senate consists of : Republicans and 4 

 Democrats ; tin- House, of 61 Republicans and 1? 

 Demopi 



Legrislatiro Session. The regular Mranial 

 se*ion of the Legislature wa< field in January. 

 The most important action taken was thopaa- 



if a bill to reduce certain freight ra- 

 railn>uls. (tov. Ferry was al^-nt from tht> 

 State, and Lie.it.-Cov. Lauu'! ''Jf " 



(loverm.r. vetoed the bill. In I. 



-ve hi* reasons for not approvin. 

 mea-ure, as follow : 



1. It is unconstitutional. 



i!. It is oi'iitrnrv t<> the MtabUaoetl pr 

 law in fon-e in this State. 

 3. It is a bill which will work an injury to the 



to the development of ita Intciurti, and to its 

 people. 



1. Tin- law in unconntitutional, beraaae it la claM 



lec'iMuti"!!. It I. 



other 

 cidaewof ourSui Jedre to ahip any other 



. r the linen of a common carrier 

 -..t. It place* a railroad company in 

 > txwition m to violate aeotion l&m 



lion ahull be made by any railroad or otlu-r ti. 

 Ution company between pin..* or |, r- 



titution, which nre>cribe> tJmt The lxvtU- 

 tur, nl.nll paw lawaevU) 



.t* for the tnuMfmtatioa of |iatMBfiini 

 ami fVfiirht, ami to correct ahiMea and to prevent di- 

 n In the ratea of IV 

 inati-n I . 



. di- 

 - ruij iiint.'^ in t)ir nxwt palpable manner. A^rtu, the 



MM 



tniiii-irfuii..ii of NHanfen and nvihu" but 

 it haa pwwd a bill eKablUhii^r a maximum rale of 



; -.-.-: T ..-.'. ii . - 



t- ountemplatod In Mction I*. The^af^to 

 therfbr in plain ami opea Tlolati>n f tli wort* 



na 1ft and IB of 



iiaff nnconM.iu- 



ti.4ial. it require neither l*al auihoniy aw further 



