The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1877-08-13
The 8utlama daily GInbs
MONDAY, AUGUST 10, 1877.
WELL DONE VIRGINIA.

virginia is 30 hopelessly democratic that
the action of her state conventions, except In
SO far as they show the temper of her peo-
pie, has ceased to be of anything except
local concern. She is just as certain TO cast
her vote for democratic candidate as Yer
mont is for a republican candidate, and we
must expect that she will place In nomina-
ton those who have been in sympathy with
the majority of her people during the con-
hicts of the past sixteen years. So we are
not surprised that the democratic nominee
for governor was confederate soldier
whom his friends delight to call the "arm-
"less hero from the valley of Virginia.
and that he was subsequently a member Of
the confederate congress. We are told,
further, that he is a scholar, man versed
In the science of politics, an eloquent ora
tor, q deep thinker and, like West Of Ohio,
a "power on the stump" but that he has,
heretofore, steadily refused to accept Office,
or nominations to office.
All this is very well-the same can be
said Of many on other man, not only in
Virginia, but elsewhere. But what makes
the nomination of Frederick w. M. Holli-
day especially significant at this time, and
cause of rejoicing both to the north and
south, to republicans and democrats alike,
is his position upon the Virginia debt ques-
tlon. 1t is well known that Virginia 10
overburdened with debt, and has, for some
time, neglected to pay the interest thereon.
In portions of the state there is as much
clamor for the reputation of the state
debt, as there is in Ohio for more green
backs and silver A determined effort
was made to commit the democratic party
to Reputation it was made an issue in
electing delegates to the convention, and
30 far succeeded that nearly one-third of
the votes were given for an avowed repu-
diation candidate.
Colonel Holiday had, as early as April,
announced his position on this subject in
the following unequivocal language; Gas
to the state debt I am opposed to repudia-
GO ton and would not have such stigma
"cast upon my state any more than l
"would upon my private fame but whilst
l am thus opposed to reputation, for the
:" same general reasons am in favor of
"some speedy settlement Of the debt hon.
orably to cur state and satisfactory to
" creditors. This is important and press
"ingly so because the debt is increasing by
treason Of interest, and because believe
$50 soon as we indicate willingness and
ability to pay interest promptly, our
/" bonds will al once go to par and capital
" and population flow into our borders and
D." never till then. Neither is coming to a
/" bankrupt or dishonest commonwealth,
and for the same general reasons l of
L" course do not wish any more than any
" one else, heavy taxes, for they too pre-
{" vent the advent of capital and labor here |;
whilst am, as the constitution requires,
'' in favor of uniform rate, l am in favor
of seeking new subjects instead of heap
ing burdens upon the landed interest out
" of which at last our wealth and prosper
:" ity must grow. We all have hope that
" that will be done. The state has i'm
"proved very much considering her many
trials since the war, and bright future
is before US if we are true to ourselves
and to her. But the road to prosperity il
mot through the door of reputation
That Is the road to her doom and l would
not beckon her in that direction for al
the honor, any office she may have tt
confer. Indeed what would the Office bs
worth when won. 1t would be barrier
sceptre if not disgraceful prize"
AS we said at the outset, the action o.
the democracy ixeth the policy of Vir
ginia as does that of the republicans thu
policy of Vermont, and so the country hal
reason to congratulate itself ON this nomi
nation Of Colonel Holiday by the democra
cy-for when they nominated him, thel
had his letter before them, and are pre-
sumed to have taken him on the platform
of principles therein laid down and, in
deed, the convention itself in effect adopted
the came platform, as appears from the fol
lowing resolution which was passed with
substantial unanimity
"While the conservative party, true t
the past glorious history Of Virginia, an,
proud of her good name and fame amongs
the nations of the earth, would scorn to re
pudiate her just obligations, and are re
solved to preserve inviolate the publ
faith and credit, yet we cannot but view
with concern and anxiety the accumulation
of our financial difficulties and the increas
Ing weight of our public debt. We there
fore earnestly urge on the lepialatiVe AMI
executive branches of the government thu
importance of using all inst and honorabl
means of bringing about an adjustment o
the obligations of the commonwealth whicl
will bring the payment of interest upoI
our entire Indebtedness within the resource
of the state, derived from the present rat
of taxation, and do equal justice to al
classes of creditors"
Can we not cav well dnna Virninia 2