The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-12-21

Tho discreditabe conduct OF The Legislature OF
Virginia In refusing to provide for the January In
terest ON the newly lunied deot, Us wen as the
general financial situation. arc the subject OF The
following remarks In the Richmond Enquirer o.
December 49,
good nlanv years ago the state. through tlc oiait
officers, anu ny virtue OF IN act OF Assembly, re-
Questcd OF the most res ccta ne citizens vi me
Commonwealth (incn Known 10 re wea tny) To loan
her si,Uov winch Was needed Tor some woik ordered
by the General Assembly. The pa.ty applied TO
having mpllclt IaI,n IN the Integrity AMI ni2h
fnancla credit OF the State Vi VFgina agreed to
lend the money 40 secur was au 1a 9
$1,000 IN gold IN one Of tue state banks anu OBJ
LaDeu certificate OF depo IL IRON the cashier. ap-
Piled al the proper ONCE Tor the .lOJJ bond which
The state proposed 10 give hin or his money. lie
obtained II and gave cneck Tor the amount. On
the LIST Oh every January and nrst OF ever. July he
was In me hablr oi receiving s3J interest on his
loan uank notes equal 10 gold. Virginia bonus
were then worth loo. ON the nrst OF Janua y, loGl,
he was aid IN q deprecated currency. On the
Isl OF July, 1867, ne Was PAID IN the same
currency sJil further depreclated. TN the Isl OF
January, 1865 he was PAD IN the same 1ay--the
currency still less. On the ISL oI july 1893,
he urew 500 III Confederate money tnea cqua 10
$40 IN gold Deiore January 1864, ne died, leaving
an aged widow and has estate nearly Insolven,. On
the lst or January THIS lady received So IN Con-
ieucratc nte est OIL the state Doiil held ~
her husband. On the LIST OF July, 1851 she received
$50 more. On tne ISL January 1865, she recele Ell
AGAIN laIee III Uoneaera'e hoiSs' worm men
ceived nothing. In January lodo. she received
nothing.
the pubic dspt AM TO provide or Tile interest; put
Marc.i, 1851, before any interest a been paiu,
another act was passed. entitie IAN ACT To vide
Tor the payment part u tne interest on the pub-
lie deut.' by this act tie ~dy III question got 30
The lst uy, ioGl, add a4J on the Isl OF jana.
ary 1861 Two per cent seintannu lily on ntr prnci-
PAL. On The lsL OF July, hoo, sue received nothig
but on vi January, l,oJ, sue Collected so.
ON the oil August, LODI, sue Collected $40 more.
ami on the 9TH OF January $780, she received
another Slu.
Last March tie Legislature, seeing the injustice
or iliiS operation, ana desiring 10 feesaDiisa tue
credit Oh tue State funded the whoe uep principal
and interest," III certain pond5 aud certinca eS
Iuey usrlu1k 10 Issue tOf eden si.JJJ dut ~ inc
state new UUal OF 5000 90 and q Certlhclte lot
the other mira. they proposed 10 the uoldn lders
that II iney would Surreniei TIER OOnus me STATE
would give new Uoad or two-tairds OF the
principal ana interest due, ana Ccrtihcatc Ior tne
Otner third, payable wne.i settlement shoIiu
be oDtaIued West VrStnlh.' IHey invited
settle on these terms. 1ney offered as an induce
meut that The coupons on the new bonus Adu Dcen
maze rece vaD.e Tor taxes. me veueraJe iauy 10
whom we nave referred surrendered uef sl,0JO bond
to t.e second Auditor o. tue state, ana received
bond OF So6j OF = and certificate Tor sos 3Sta,
with the express understanding thai on the Isl OF
January, l,72, sac would receive 80, or three per
cent seni.annuai iatere5t Oh 800 06s5.
HAVING driven tHls sharp transaction, the LcglS-
lalure Oh the state now proposes III the measure
cannot get her January interest toI S2Jl without
SPECIAL act Of appropriation ny tue Legislature, Pro-
vldlng Tor the payment VI tn@ January interest on
the FUNDED debt.
The prblic VIII be astonished 10 learn that at the
very moment wnen the state IS invited TO take this
position, she has IN the treasury about $i.JJo,oOO
lyiul IDLE 1.-The Whole interest called Tor being only
some SIX hundred thousand dollars.