South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1878-07-05
Objections to Spectators Making q
BONANZA out OF the Certificates.

From the Hancock Co. independent
The Wheeling SUNDAY LEADER
sends n supplement In which
large space is devoted TO the iiaoiii-
ty OF West Virginia to pay q por.
ton of the debt of the old State. as
it existed at the Lreskine out OF the
rebe lion, which with accrued In
teres, now amounts to some forty
five millions.
Virginia, in 1871, undertook to
fund this large debt III new bonds,
taking upo, herself 'wo-.hirds, and
very cava'iarly proposing that w
snail paw the one third, amounting
to Sl5 100000.
We presume she based this adjn-
dication upon the fact that we had
agreed to pay our equitahlt snare oI
the debt, AZ it existed ut the da'e OF
the separation, but niOe out OF ten
OF our people honestly believe that
,n eouitah'e settlement at finances
batweep the new and the Old 3 at
should convince the world that az
our taxes had for fifty years been
expended by an arbitrary majority
npon internal improvements, that
fall. i'm what il almost wholly In the
parent State, We are not IN equity
hound to contribute To the payment
of debt So created.
In the law passed by Virginia in
1871 for so funding of this debt she
cooIly takes to her own credit the
proceeds of all The S:ates interest,
iu these internal improvements,
wherewith TO pay her ehare Oh the
debt, aud leave poor West Wiz
pinia to pay her part as best she
may.
West Virginia has heretofore
shown q willingness to have this
question settled, having in 1871, APP
t,oipted commissioners tn meet with
any that might be- appointed ny the
old State, put the ungraciOus recep-
ttop of our am bassAdoTe VIII ctrthln-
" excuse us before the world, from
making another attempt until we
ore assured our action will be met
10 a fraternal spirit.
We think the LEADER has fully
answered the attempt to have us
raw one-third of the debt because
we have about oue-.hird OF the ter
ritorv and population OF the old
state. As we'll might the elder
sou take to himself the old home
stead. enriched by all the improve
roants. made by n long line OF an
cqstors. and expect his younger
brothers 10 pay an equai snare OF
the mortgage, while he tries 10 sup
port his family upon That moltV
that had never received any I'M
provemept.
Doubtless the LEADER IL correct
when it charges that few capital.
i.ts have Purchased the euik oil
these West Virginia certificates AT
from 3 to 6 cents unon the dollar.
trusting to their ability at some un-
guarded time, to lobby through the
legislature of our safe such n Dill
as shall give them splendid specu-
iatiun.
Believing that or people will Vt
times be willing to pay their equit-
abIe share Of this debt, we shall be
greatly disappointed II these specu-
la.ors ever make much OF bonanza
ost of their investment.
The very fact that nearly the
whole OF this debt has by the for
tunes of war. and the lapse Of years,
pa=4ed into second hands will go
fac toward making our Legislators
cautious of any movement that
looks like putting money into the
hauGs OF mere spectators, at the
exnen-e of "A people who were com
pelied TO submit To- many an indlg'
nity. while this enormous debt was
being created.