Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1878-11-13

IS the money 10 come from llOin " pay
us back?
They saw 81, 200, 900 OF coupJ4s paid
into the treasury last year, and the
lunatic asylums go unprovided for.
They had read the Governors message
saying the school tax, capitation and
all, could, and should, be paid in
coupons, and that their money loaned to
the State would remain loaned until
provision by increase of taxation was
made to pay it back.
They had seen convention declare
against an increase of taxation. and had
read Governor Holidays letter accept
ING that declaration as his platform and
rule OF conduct for four years.
They had seen the tunders, or self
styled dent payers, led by Hon. a. Fl.
II. Stuart, vote against an increase as in
sufficient as 10 cents on the hundred
dollars.
They had seen these same people.
including their own city delegation, ex-
cept the heroic and lamented Daniel,
vote againsta tax on commercial paper.
They had seen these people, led by
the funder, Gen. w. B. Talaferro, in
sidlously destroy the oyster revenues.
They had seen these same people
rally to man, under the banner Of
James II. Docley, to compromise
railroad tax at one session and to annlhl-
late it at the next.
They had heard Of Marshal Hangers
Churchville speech, where, when chased
by the readjusters Of Augusta, in his
anxiety for a seat in the house OF dele
gates, lie declared that conservatives
must conform themselves to the plat
form of the party, to bring the debt
within the present revenues of the
State.
They heard those two patriots,
Stuart and Letcher, proclaim that the
''honest obligations" Of Virginia should
b. paid by Il dog tax.
They heard Echols canvassing his
county as a compromise readjuster. then
declaim whole winter about the homo.
of the Commonwealth and the letter he
had received frem the tantic, Mann, and
finally vote for bill to pay three per
cent interest, coupled with preamble
declaring that Virginia could not do
more and maintain herself and institu-
tons.
They saw a column Of hightoned,
honor protecting, debt paying gentle
men canvassing the State for congress.
proclaiming in one voice against higher
taxes, and all for adjustment of some
sort-eilher forcible Or by compromise.
They read the late letter Of funding
candidate for governor, Gen. Fitz Lee
announcing himself "unalterably OPP
posed to forcible readjustment. but as
unalterably opposed to any increase Of
taxation to pay the debt"
They saw a canvass going on in West
Virginia with every candidate and
newspaper against paying a dime of the
one-third which Virginia is the self
constituted trustee to collect for the
bondholder, by the terms of the funding
contract.
In Yirginia's direst how they had
seen the State executive ldling away a
summer at the fashionable watering
places" betimes lecturins school chill
dren on Virginia's hidden resources,
and, ON all occasions, exhibiting I'm.
pardonable ignorance of fiscal affairs at
the capital.
1t was under these circumstances the
banks said, we cannot take your paper.
Not because there are so many can
did men in favor Of striking out war and
recOnstru ction interest from a fraudu-
lently funded debt; but because you,
who will not let them have their way.
will not pursue a manly way of your
own.
Governor Kemper, sfteI he had written
his celebrated message, proclaining an
increase Of taxation as synonymous
with confscation" and had a council OF
convened to hear his re-
port and ultimatum, yet borrowed |
$500, 900 from Richmond banks, not.
his Legislature had thirty
odd majority ofreadjusters in the house.
Governor Holiday could not do as
much, because ne had vetoed to death
the home credit of the State, and, with
his new friends, skulked away from the
ssue themselves had made.
Bankers mean business. Capital is
,onsitiye. Discount committees avoid
nen who are always promising and
lever paying. Accommodating debt,
etoing decent curtails out of the treas
ny, and thanking God that 1 am not as
nat poor readjuster, does not commend
he borrower to the banks.