The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-22

lndN correspondent, who holds railroad
bonds bearing the endorsement Of the State Of
Alabama desires TuE sUN to demonstrate
against the action Of that state in refusing to
pay the interest due on those bonds. To do so
would be Of little use, for the people Of Alabama
have declared their utter inability to meet the
obligations contracted In their name, though at
some future time It IL possible they may make
an endeavor TO redeem the credit Of their State
by a compromise with Its creditors. II not by
payment In full. The situation Is one Of hard
ship to innocent holders Of Alabama securities,
and we have no doubt II the state succeeds In
It's efforts to repudiate q large portion Of its
public debt that as our correspondent says, tho
result will be extreme suffering to many families.
Still II should be remembered that this con-
diton Of affairs would never have occurred ex-
cept under gross mismanagement Of public
affairs by the thieves who were imposed upon
the people there as their rulers under Repub.
lican auspices. when the citizens VINO have the
taxes to pay, had no influence whatever In recu-
lnting the puoiic expenditures. I ndss caFpe;
bag and negro rule the State debt raised
from $s.0o0OOO to over $30,0C00CO by the votes OF
ignorant and depraved Adventures who had ac-
quired possession OF power, and who were sup
ported In their rascalty and extravaganza by
the whole authority and influence Of GRANTS
Administration. The States ndorsement to the
amount OF millions OF dollars was given to rail-
road bonds without requiring any security for
their payment by the railroads, and after the
bonds were In possession OF the iobbers who
procured their endorsement, the most outra-
Reous frauds were perpetrated under pretence
of building the roads. The great bulk OF the
money realized by the sale OF these bonds went
into the pockets of the political iobbers who
have represented GRANTS Administration In the
South. the taxpayers receiving no benefit what
ever from these corrupt transactions. When the
people, in 1872, succeeded In electing q lie esla-
ture Of their own, threats Of Federal interference
led them to accept Of a compromise by which
GRANTS friends were left In the majority, the
terms being dictated by LAYDAULET WILLIAMS.
then Acknowledgement. Even now, In those
parts Of Alabama where the GRANTEES are in the
majority, the worst class Of scoundrels are sent
to make laws for honest people TO obey. There
Is one negro In the present Senate OF Alabama.
and another In the House Of Represe ntatives,
both OF whom are fugitives from Justice. one
was imprisoned in North Carolina 10 await his
trial on the charge OF burglary, and the other
simply for larceny. They broke Jail and went to
Alabama, where they were given seats In the
legislature. The accomplice OF CORsoN, one Of
these Alabama lawgivers, was recaptured after
the two had broken out OF jail. and Is now serv-
ing out his sentence in the penitentiary. How
ever unpleasant and reprehensible the idea OF
reputation 10y State may appear, II must be
confessed that In many cases where the GRANT
party has held possession OF state Governments
tine outrages committed upon taxpayers have
placed them In an exceedingly embarrassing
position, and one In which IL is but natural that
they should seek excuses for eyading the pay
ment of obligations which they had no part
In contracting. The people Of the North will yet
learn that In tolerating the crimes OF the carpet