Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1856-04-09
Virginia Stock


A New York paper reports Virginia skies at So
We know not whether this be not II
true il goes show that capitalists abroad get
ting little shy of the Virginia Democracy. We
will not undertake to say that there not grounds
for distrust but il the decline is based on the APP
prehcnsion that the July interest will not be paid,
that we think will prove a mistake The Banks
will be called upon TO relieve the State again, Is
they have been before, and they will doubt do
though in doing. the merchants and farmers Tor
whom the Banks were intended, will have to SUI
fer.
This is another illustration of the wisdom and com
prehenson Of the Democracy, who warred for nearly
three menths upon Institutions, which had saved the
State from protestant which be relied upon
again to save it
AS oil State stocks sold for less than slO0, must
be sold at the loss Of individuals and not of the
the State, we, citizens Of Virginia and taxpayers,
are not specially concerned in it, But when
bonds-the bonds Of the people are offered for less
than par ut the Tressury-when they get down Ia
ss6-and the Office holders must go without their
dinner or the people must be shaved to the tune of
10 per cent shall raise voices in favor of din
nerless ofice-holders Sooner than sec the aborins
population of the State haycd to that tune we would
go in FOR selling out the whole of the personnel of
the official corps to the highest bidder. We don't
know that they would bring much. His Ebo-Shn
Excclency might possibly command a SlOOO-thc
price set by Judge Mason upon the Dominican Mini
stcr in Paris, with his clothes on. Elisha is large
hkelyookng fellow, and might pass for a No. -
Mr.. Treasurer Stovall might make good jobber
aud command proportionate price and the rest of
the Basement would doubtless bring their worth
Mr. Secretary of State should command fancy price
on account of his poetical taste and the feeling which
he throws into Moore's melodies, particularly,
of in the Silly night,
and, especially in that moving stanza
feel like who treads alone
Some bSnquet-hal deserted.
The venerable attorney General might be thrown
in for good measure
The question of selling the Peoples bonds at less
than par, or which is the thing, shaving them
off at usurious discount will come up at the next
session Of the Legislature and the people will be
compelled to submit to that exaction or to another
duplication of the taxes they must eject from
Power the dominant party, which for years has been
maintaining its ascendancy by selling out the sub
stance of the people for worthless log rolling schemes
of internal improvement-which when completed il
ever, will pay revenue and be additional and
permanent burden the treasury.
FROM the lnulcatons, last session. the nrSt device
will be to issue state bonds bearing more than legal
interest-say from to 10 per cent. That's the ia
vorite scheme; it will make less noise, and create
directly and on the instant less burden on the peo
Pile The hereyter, though, is quite a different al
fair Whenever man goes 10 usurer and submit.
TO shave, his pecuniary fate is sealed It's the
same with State and when old Virginia gets
fairly into the hands of the sharpers it will require
IN apar m all har
foreshadows, the State, speaking through her laws
reprobaes usury and sternly nterdcts it to her citi
zens; and should she, with such denuncations ON
the statute book, go into market and encourage the
IN keeping with her precepts.
III the dominant party, who of all things are most
intent on getting money out Of the people-sha fail
TO effect their object by putting the State into the
hands OF the nsurer they will be forced to fall back
upon the alternative OF last session an addition 10
me tdres. We prefer this to the other because il
az more honest more straigh forward is cheaper in
the end-and will cause the people to watch their re-
representatives. more closely. But unless indispen.a.
Ole for the discharge of obligations already incurred
we are opposed to both The peoples money /,
saier ia their own pockets than in the custody of the
reigning powers IL contributed in the hope of see
ing 1t applied to useful public improvements it will
be wasted as II has been, in og-rolling schemes,
which contemplate more the ascendancy OF party
than the welfare of the Commonwealth