Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1877-06-01
The Advisers Meeting.

Messrs. Editors:
If YOU will allow the writer little space in your
columns all the parties having any connection with
the farmers meeting, held in the city of Staunton,
ON Saturday the 10th inst, may be better under
stood, and may better understand one another. in
the first place. any one looking to the preamble and
resolutions adopted by the meeting, can sec at a
glance that the language in which they were couch
ed was we'll considered and well chosen The word
repudiation'' occurs but once, and that in the
preamble The context settles the force OF that term.
not as expressing anything that the farmers desired
or designed but the simple fact that it is one OF two
alternatives. The term REIMBURSEMENT is the word
and with the adjunct fair is that which gave rise
20 the running debate referred to iii the report,
published by yeu OF the proceedings OF The meeting.
Now the word e-adjustlnent pre-supposes the ex-
stence OF two or more contracting paptleS, ana ca
together AS TO the folly OF any elloft at fe.iuust-
nent, allow lis 10 say that the troubles III other
3tales cited examples sprang up before the war:
ours have grown out OF the wal heir ACTON looked
. reputation, ours To readjlstnent. Here is
world wide difference, as anybody can see. How,
lien, have the editors OF the NINDICAToa come 10
conceive the notion thai the farmers IN That meeting,
by word OF deed, or hiii., favored reputation of
lie state debt? lhe resolution in regard TO which
explanations demanded, is the It'll III the series,
IS published. The writer of this. as chairman OF the
committee, was expected as he was requested te Of
er tnos explanations. he TACT may be noted That
tese explanations were called iof aitef se aaoptoh
of at least one OF he directors, VINO sad That
Alter hearing the ex pa.ailon lie was sorry ne mad
voted against he resolution. MI. AgltneI was NOT
vet satisfied. lie demanded to know What was eX-
pected from a lie adjustment OF tEe state deDt-Dld
il look to OF contemplate reputation oil the debt?
he question was put, and answered categof1cally.
rhe funding bill and the peeler,' (repealinl blil
tand on the statute book irreconciiable With each
other. lsy some nigh authority the funding bill was
pronounced disastrous blunder BY the peeler bond
ppeacn Of ial Now we thouVnt that disastrous
0lun er, and violation OF good faith, were enough
to kill both bills. Was not the funding BILL as char
Inv tha Cn,rtN n A Meal n
contract? OF contract between what parties? Be
,ween the State and a part Of her creditors? NO;
prevent disaster more serious taii some people
think, the peeier Lii was passed as the best thing
creditors into tw classes-a preferred Glass; and a
c.ass whose claims are postponed, ana are now.
we 1e tD1 ~ te e ea taf he Legs
ture had the right pass the pee.er bill, they had
right to go back and cancel thc contract unaei tle
defy any lawyers to controvert this position WHAT
then, do we propose to do? Exactly ms. ana no
thing more oress-lf the bondhoders refuse to re-
adjust, repeal the funding bill and place all the
creditors where they ought to stand, On the same
what they can get out of the treasury be that much
or little. The meeting was nearly II NOT quite.
"nat MOI to Commit to any lie opocy
to be pursued in the future as regarded the State
debt. State finances, any reference TO iepudlatlo
or anti-repudiation being quite uncalied for after
had in of the series resolutions, pointed 10
the Hunter bank scheme as one OF the means OF pre-
serving untarnished the honor OF the state, and IN
this very It'll resolution called upon the State to
pledge ali OF her taxable resources beyond what is
government" When the tax payers are pressed to
conscation, it will be time TO talk about the hrst
resolutions themselves will bear no such construction
as has been put upon them in your editorial Inc
running debate must have been inc noe tnas et
to all the members of the meeting present 70 say
whether or not the foregoing is the sum and sub,
stance of the explanations made Ill the meeting, on
the demand of members, as to the intent and mean