Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1878-05-14

out of their own pockets for the sup
| port of schools, cUme out of the
pockets of the bOudhOlders? If there
we're no public schools. could the
boudElnIdr7s get the benefit of the
! Literary Fund. If there we're no
>cnool tax ievied, cou ID the bond ,
holder get the benefit Of il? Why,
the Governor would have been much
higher the tru,h. if he had said that
the public schools were run for the
JeaeH of the b0ndholders. for they
/ are getting large share of the funds.
Ia what conceivable way can the
support of public schools damage the
creditors Of the State. Does the
tax paid by the people diminish their
ability to pay the interest on the
State deb;? The money spent il the
support Of public schools is the best
investment Of funds the State makes.
AS you elevate the intelligence and
morals of people, you increase their
industry and skill. and hence increase
their prosperity and wealth. Now
the bondholder5 had better pay
something to the school fund than to
be robbiug it. They are about as
wise in trying to kill the public
schools, as the man that killed the
goose TO get the golden egg,
Gov, Holiday has not ouly thu,
endorsed the palpablc violation OF
.he constitution which he took All
oath TO support, but he has BETRAYED
the people who put HIM iu office -.
When asked in The canvass to give
his views on The Question Of tie STATE
debt, he excused himself on the
ground that be regarded this bu>tucss
as "5eIonging to the Legislature and
not to the executive. " He was uhus
understood To say that he would rot
interfere with the will Of tue people.
as expressed through their represeta-
tives or the debt question. With
this understanding. large party in
the nominating convention went over
To him and secured his nomination.
After his inauguration, several lead
ing members of the re-adjuSting par
ty in the Legislature sounded him on
the question:, and he assured them
that he would not oppose the Legis>
Iaturc in settling this question, and
ac'in0n !eGgcd the fact that he was
indebted TO the re~adius'ers foe his
nomination, and Lh,t he was in sv;u-
pathy uita them. No wonder thl
the veto message came upon them
Ike a clap Of thunder III clear sky.
Whcn it Was reported that the Cows
OrEor had vetoed the 2 ,rjOur bill
uauy eXc!IiIa3, -; is Impossible" "
and lnev would no. bel it till it
was read. DJ not these facts sustain
tie charge that Governor Holiday
nh:ai1e4 tie nomination Nv dccep-
tjon.. that hc ate his own words. and
went back on his friends who put
him Ia office?
10 compress this whole business
into one view, let US suppose case
for illustration. john Smith, re
spectacle and honest man, inherited
larre possessions, aud cs Iried on
large aud varied business In the
improvement of his business, John
smith found il Necessary tn borrow a
large sum of money from Jas. Brown,
banker. Greatly crippled under the
losses Of n four years war. followed toy
four years foreign Interference with
the management OF his business.
John Smith failed, during this time
TO pay anv interest on his bonds. At
the eud of this period he regains con-
troll over his affairs. He at once
makes arrangements to reOrganIZe
and revive his business, to repair his
losses and meet the demands upon
him. He appoints Richard Jones his
agent and empowers him with au-
thoIity to transact his hu-ines under
certain ri les laid down and subscribed
to. designating the ayent's duties aud
limiting his authority.
John Smith has left in his hands,
as trustee 10y his fathers will, an in
vested fund. the interest from which
he is to disbuTse exclusively for the
education of his children and those
Of his tenants The education of these
children having been neglected for
eight years, and the interest of the
Invested fund not being sufficient TO
furnish the COmmOnest education 1t is
De terminPd, by agreement with his
tenants to set aside from their income
the small sum OF ten ccats on the hun
dred dollars of their property, Ia be
devoted To the support Of schools
Before the school system is fully in
auguratrd, and while John Smith and
his tenants are bu-ily engaged in re-
Viving their varied business with
view OF betteTing their condition and
preparing 10 meet AL their liabilities,
his creditor. becoming impatient and
uneasy under long deferred payment
of the intcTe,; du" him, tamp-red
with the agent, Dick Jones. and 10y
dishnunTahlr means, prevailed on hlm
to refund John Smiths bonds, adding
to the principal in the refunded bonds
all the interest due and unpaid for the
last eight disastrous y%ars and to at
tach 10 the hoods dut-hiiis. for the
semi-annual interest, barring upon
their face ar attachment upon all
John Smiths income. including the
school fund, both that set apart hy
himself and the legacy left 10y his
fathers will, left xclu-ively for school
purposes, and requiring his debtors
and collectors to pay the interest on
the bonds before they paid anything
to him. The result of this arrsnye-
ment is that for large part Of the
wear John Smith can collect no mon
ey. When he calls on his debtor and
agent they present him budget of
interest due bills which they have
lifted with his money. John Smith
and his employees ar stripped Of the
meaus to live and carry on their busi-
ness Many of his employees. de-
pendent upon their wages for their
living are in suffering condition.
Indignant at this wrong and out