Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1877-10-08


=. Tfn j,oriutnsea!;h has expressly Gsc!dss
~. nns,:i.o Tie Cour: held that the preSeni
S,., - |;re;nja he cid S,ala :! sNlrGloi.
ks-s-lf ,,I ,hst she IS legally tcuol FIR ;hs
-, ,,,I TIA, ~, creditor. 4 tie State nigh.
~, ,}cl,-s IL the State courts and Re
49, ;,4.,nso,s t,1 IL, suaaa,s due them.
r.: I.-sj s,,:';i,,y a; rhe State having been
.,1.; - h.ya hr:,v, sl,sros.ices is!;: 9Th
! u,;,h ~. ,,.i,iars uoon s1ue E9ss
-o,nl;..a IN. ci-i, /; ,ciu>ios e provide the
.,,.,s - rsrnsr,
r.. -. =, agreeable va, i. settle with cr5di
,or j. r. NV tin: aud W. arA 81 agreed 20 pay
r.. So. III. can he aooa w!;hou! increasing
~, r,;s4;,, Ia;:. of taxation 90 property. tsn
-; 3Sn.z
M ;,s,;.v, II ~,
a., - - - rs rnhi;, -asaru.s 10 meet
ia;,;1;,;s a. nr-.sn, rate Of taxation is es;i-
80 =, s-i.I 81 III. i. large sum, Lax il
=. ~,
AI 60; ,l.cs ,bA i,;.oo;sl s+sS;oo of the
:! ~" iii ,.{n,. ~, cic;i IL. 500 tr4l
49,. s.r;c;. can h. a.sic MAJ. il erin.
800 .S ''bsr svnans,s ol so in0 This will
Hs. s!;.;i - s;:lt,4n Nos, ills estinat-
-, 49, ,.rsnrzs fr,n rev sources OF taxa.
-. ~, r-.sant t,T hiI vii BE- increased
W. ol, =, .I ~; ,i;s ,s;,I rs3nna our d.6c;t to
- r;iI .'l,r,, 2 rid and efficient
80. :. ...i.s;,, .ha n.r.onal nropert7 q the
- ;r,.,s-, h.,.vaiia vaif1es Of that
2,a:; - at,ntr;v sa1 tlII.ti}-oot hy in
f.'':o ,.si,.. ~, tc ,,srhing al Inc ur5rar.
-; - ~. !, ,n,c al l.. raysd alike Tia. much
-: ,,,.i m,na,,y : D.. ..x.i is plain. 1: l.
,.;, -, ,r.,r ;o.ai!i,;ni ,an oj t.u.iots. lha,
,ra,u - ',,---,t,,I,. L..-.,-...i tia, our
'H.'' = ,,.si. 4..-D I,,os the
- .r,,.., w. ,anat1 sln1isN
''''-.'t- 49, ..~r hi. s.nr., which
'n' ~ !, E"' ,nlc so;iI 90 U1r much
,n;,b, =, rs;,,.,i;. !. jonas.itI. 70
.,.;e, !. r.n j.. reduced t. Do;h-
~ ~, ,| .h,.. 49,, 1,r,nr--s,Ds !. this
~ Da
H. -, i,,,n,,. - ,ha ,.'a;f,rn i, IS + be
,,,i, 10 "a .;rr Ill in,, ard honorable means o
L,;nrin, sh,u; an a;ius.nant which will bring
-. ,,,r,,.,, =: interest 1i,lin ,hc resource; Of
49,. S,o:. lar;r.i fron he rrcs.pt rae Of taxa
-, Ttat .nrh an aGiustnen, can be made
,.,,,. ..in.t ana honoratl." to.be State and
.o,aI'. - ,ha c,sd;tor= We have every reason
,,ttl;.o. Tha boldars ri the e6unon bonds
4, ~. n,u ,esliz. more ,hao Eve rar c=ot. on
,b.;r hond= in the market add they would be
g;;;oa tste that rste Of Interest from the
Stats + na;i n them promptly aud regularly in
Nv Inrk and London; and thus take this
,,'.,on ars e n7Gtics and enhance the prlce
- ,tass bond. in the market. Now, if hi: Gao
ba sE.ctad " will meet our deficiency aud have
.u-nins in tha treasury But suppose al our
o.ien'a,ioo. fail and that the bondhodsrs re-.
fnse to adjust the interest," then what follows Z?
The coupon holders collect their interest By
mans Of their COUPON receivable for taxes, and
va cannot preyent them from SO doing as the
. law nav stands. and as it must staud 30 long as
, ,ha decision Of the Court of Appeals 10 AutoDi
=. WRIGHT stands unreyersed. II our revenues
; s,a ;nsrfi,isnt 10 meet all other denald: then
RI. loss must fall on the school fluid or 90 the
j holders OF bonds With no coupons receivable for
] taxes, for there is Nowhere else for it to fall
The Constitution, which our legislators are
sworn 70 Obey, REQUIRES them 10 pay the inter.
est % The literary aud sinking fund annually;
and this duty the7 must perform.
Then i, follows that We must raise taxation
or the school fund mu5t.be depleted Q; the
naeIer bond holders must 90 Without their iu-
terts:, ana tha. debt must be virtually repudi.
ated Thus, while one set Of creditors would
get ,beir interest ia full, the Others, who are
tnuaiv deserving, would get nothing. Will any
ciliz.n Of Virginia sanction such rank itj astice
Is this. and make fish Of one creditor and d.sh
Of anoh: Would this be doing equal i1=tice
:, 81 classes Il creditors:
In tia: even. what fair minded MAJ you'd
hesitate 20 diSGtitC aEu JpiIuFe aE luCicasc VI
:a..:;ao s,fi.ieot 20 meet this deficiency. Ten
c.nt= o. The ona hundred dollars worth of
nr7r.r,c wind T.. annie to meet il, and this
.am wrn}I scare.ly be iel, bv any property
h1Iler
r.: ,hc... who or. uog;i.ius 10 increase tax
s,;on il apy contingency, even If they virtually
ra,na,a,o he p.aler bonds by 50 doioc, pro
,5so 10 ru: al classes Of creditors % an Gq1aIi!y
b. yst?iog rid Of the funding bill, CT az less: Of
- mrci, cF it a. makes the COUPONS receivable
f,r Iava.. and to ga, rid Of The decision 10 Al.
rori v- Wripbt hey propose to revoi1lionizs
,ha Cart IF Apnesls snl replace the present
ala ,nl n,ight Judges with Others pledged to
-ostai0 law repeating the coupon feature Of
H.. furlin, bill THIS i s0Ts: than revolution.
/, < iSos =. tie very foundations Of all Law
III orio, ora of civil ihertv it-ejf lis d;
-sct .,tarl un1n the jotepcndeDcc IF tie i1di
c;srr md n, farm a goy:r0mapt can long
Sncn,, ~ Lan,ina.. and liberty Of the paoyc
r;,I,.,,, .r ;nG.ncr,l.ot Judiciary I,as. are
"''I9.+ ,,ao, 10 eli tron, ,i.. s,r,,r, tn,