Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1876-08-31

BAD as the case against Mr.. Tilden was, on
his own showing, in the matter of the st.
Louis, Alton and Terre Haute Railroad, it Is
made infinitely worse by the report of the
committee appointed to represent the interests
of the bondholders and stockholders of the
company. The committee show not only that
Mr.. Tilden rejected an offer to submit to ar
bitration the points in dispute-not only that
he refused to render in detail statement OF
the purposes to which the over-issue of bonds
and stock was put-but that he withholds
from the company its own records of account,
which could have come into his hands only as
its paid counselor and agent. The fact is in
strict keeping with the scandalous ground he
has assumed in his formal answer to the legal
ground which amounts to denial of re-
sponsibility as between agent and principal,
and which in England would subject him to
sharp penal discipline. The committee traces
to Mr.. Tilden and three associates surplus of
$131, 900 first mortgage bonds and $5O,O00
unauthorized second mortgage preferred
bonds, the whole of which seems to have
been divided among them. There are be-
sides, 808 shares of preferred stock of which
Tflden & Co. had the distribution, and which
have gone no one but themselves knows
whittier. One new point is brought to light
by the committee which adds big blot to the
record of the "great reformer. In his an
swer, he alleges in general terms that claims
and liabilities remained after the reOrganiza-
tion had been finished, and that he and his
associates retained available assets to indemni-
fly them against loss. Now it appears that
these claims were left unsatisfed, and that the
company has been obliged to pay them out of
its earnings. If this statement is correct, it is
clear that to the original case of fraud must be
added i bad case of false pretenses-ve pref
ty charges to hang over the head of candi-
date for the Presidency.-[N. Y. Times.
TIE New Orleans Picayune is the leading
Democratic paper of Louisiana 1t concludes
that the time has come to speak out plainly in
regard to the colored people and the colored
vote. 1t says in late issue:
The people of Louisiana should say frankly
to the colored population We do not beg
your votes but we give you chance to vote
for good and honest men, and for our inter-
ests. If you vote with US we will stand up
to You We will do you no injustice in any
event. But if you vote with our enemies we
will cast you off, only as our present necessi-
ties compel us to employ you If you con-
tinue to act as our enemies while we feed,
clothe, and shelter you and your families-if
you league with cur enemies, who are eating
out our substance and destroying our State
we must brand you as our enemies, as the
enemies of the State, and the enemies of your
own best interests. The test of negro fidelity
in November, will be: 'f you vote for Pack
ord, you are the enemy of your employer and
of thesState" Let our people assume an Of
te,sice attitude. The experiment Of reasoning
toiM colored men has been often tried, and as
often failed.
The real purpose is only partially stated
here. can aggressive attitude, yes, we
know what that means The scenes that
transpired at Coushatta, at Wilkinson, in
Mississippi, and at Hamburg, in South Caro-
lima, have not been forgotten. General Sher-
idan stated in his official report, that the num-
Der of lives lost in Louisiana. since the war
was upwards of 4,0O0-Republican voters all
of them.
Fortunately, these scenes of bloodshed are
not likely to be repeated. The aggressive
attitude" will be subdued a little, now that it
is known that the colvred people, and white
Republicans as well, will have the protection
of the United States. Their rights will not
be taken from them this year, as they were
two and four years ago.