The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1877-11-01


nation, which cannot be long delayed, the |
demand for iron must increase, and in pro- |
portion to the demand must be the advan-
tages here to be obtained in the manufacture
of pig. The cautious operator, from such
basis as may be assured here, cannot fail to
reap the reward of his sagacity and labor
For these reasons intelligent iron men will
seek investments where the returns will be
most remuncrative, and hence the proPitious
future which awaits Virginia as great iron
manufacturing district, rivaling, if not sur
passing, the far-famed industrial localities
OF Pennsylvania and Ohio.
Cool 1mpudence.
The coolest piece of impudencc we have
seen during this canvass is the assumption
of several OF the Richmond papers that sad
justers," or ''repudiationists ''-synonymous
terms with the Funders-have disappeared.
and that there is now no danger of the
States integrity or the impairment of public
faith. This pretense Is resorted to for the
purpose of concealing the retreat of the op-
ponents OF readiustment, and to relieve
themselves of the responsibility they have
incurred in slandering the people of the
State, and falsely accusing them of a policy
of reputation Those who favor readjust-
ment are the real defenders OF the honor of
Virginia, and those who have contended
that the present policy Of dealing with the
LIZ L. anil
repudiationists. They have created the i'm
preston abroad and infected the popular
mind of other States with the belief that re-
adjustment meant reputation, and so re-
garding it, severe criticism has followed
against those who had become alarmed at
the inevitable tendency to reputation OF
the policy of these traducers of Virginia's
character It was to forefend this result
| disgrace that the people have been moved
to action, and the earnestness OF the purpose
and the persistency OF their endeavors, have
so impressed the ring managers and the cau-
Gus manipulators that they are now compelled
themselves to fall into line and to sustain
the very position that they at first denounced
as reputation. There has been no other
party but the extreme Funders, which has
practically favored reputation. Their pol.
icy would certainly result eventually in the
destruction Of the creditors rights and the
ruin of the State, for the addition each year
of million of dollars to the public debt,
would as surely have brought about that re-
suit as effect follows cause. The people fell
this. They realized the depreciation of val
ues by reason of this dishonor, and it is tc
prevent its continuance that they demand
and mean to have a readjustment of the
debt, so as to settle all doubts, bring the OBJ
legations OF the State within the power o.
the revenues at present rate. OF taxation tt
pay, preserve the Constitution in reference
to the Public Schools, make the creditor!
equal, and crush out the miserable caucus
system which has foisted upon the people
trading politicians, who care for nothing bu
their own selfish ends.
The fact that the people have determined
to take in hand the management of thei
own affairs is the surest guarantee to the
creditors that their true interest will be cared
for. 1t is protest to the shameful and dis
graceful management which has brought tn
State to her present lamentable condition
robblng her of her sovereignty, destroying
her credit and character, and paralyzing he
energies. 1t is an assurance that fair deal
ing and equal Justice is to be the rule here
after, and under its operation revival o
general prosperity. We venture the asser
( ton that it will not be five years before the
bonds of the State will be quoted at par in
stead of IS or SO cents. Capital will seel
investment in our rich mineral and manu-
featuring fields; immigration will flow int
our borders our young men will find ampl
openings for their ambitions; labor find en-
ployment, and the professional politician
be buried SO deep that the hand Of resurrec
ton will never reach them.
The public frauds who have prated about
Virginia's honor, and been so loud in thei
denunciation of the people as srepudiation
ists," begin to see their mistake, and il
order to escape from the humiliating posi-
ton in which they are placed, are trying t.
create the impression that the friends o
readjustment have abandoned their views
and accepted those announced by these self
constituted guardians Of the States integri
ty. The reverse is the fact. The friend
of fair and final settlement of tn
question OF the Public Debt, have beef
consistent from the first. There ha
been nothing adduced to demonstrate al
error. Common sense, common justice
and common honor are with them. TIN
interest of the creditor and the interest o
the State are the ends they seek to sub
serve. They have thought OF and aimed a
nothing else than the general good, ant
those who denounced them as Reputation
lists, know it.
The State Far.
The first day Of the Virginia State Fair
opened on Tuesday last very auspiciously
notwithstanding the lowering clouds ant
threatening weather. The President ant
his party, consisting of 10 persons, includ
ing Mrs. Hayes. and two Of her children, ar
rived at the appointed time, and were re
ceived By an immense concourse of people
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