The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1879-10-30
Sound Views.

Last February, DIR. 8. Il. Moffett, then
member of the legislature, addressed the
people of Rockingham in very able speech
on the public debt question. The Old Com
mou,ceQuh of that date contained report OF
that speech, from which the following ex-
tract is taken. We commend the sound
views it contains to our readers generally
as coming from gentleman as capable OF
throwing light upon the subject as any man
in Virginia:
s.The present condition of things cannot
on an. The settlement as now proposed
1rhe McCulloch BilD is in accordance with
The needs Of broken down people, whose
demand for relief has been heard throughout
the world.'
s.The Governor has been against us, the
Conrts are against us and now what can we
do better than accept the proposition offered
for our acceptance or rejection? know OF
| nothing that we can get. Inc questioh Is,
therefore, narrowed down to this: Accept
The present proposition, which oetseoe ao1tS
enable as to carry on the GoyeT,aaseas o'.e 1Ae
| echoozs and maintain the State uastatItaonS,
or continue the fight under tne present. cou-
non. bonded debt.
ssThe speaker then went into an explana-
t;on Of the Barbour Bill, and said, that
| measure offered per cent. for elgnteen
wears and per cent. for thirty two years.
/ ITnst so vears.) The present proposition Is 3
| ner cent, for ten years; per cent. 1or t"en'
~ wears: and per cent. for ten years,
masinp a 40 wear bond. It's the best zoe can get,
and have been assured by those who know
that the present amended proposition IS an
11TTrMATuM. We must accept it or go on
with the fight as it has been golngon 1or tne
last wears, with all its dasturolng conse-
ouences. I want settlement, | want 70
live the people chance for renewed pros
sar;tr want peaceful solution OF the
fronhle. one satisfactory and honorable to 0tl
,,nrt;es. The present proposition will, be-
iieve. secure to us these things, and speak
NV honest convictions. 1t remains Tor you
TO saw whether you prefer to settle upon the
terms offered or 90 on with the fight under
tha old flag of readjustment in hope OF Sc.
curing something better. warn you, how
aver II YOU choose the latter, you will have
hard fieht with the funders in the
next canvass, for they have come ovel
TO us, and thrusting before you the
per cent. coupon bond, when IS no"
offered you, will charge i5 upon you that YOU
are only DESTROYS OF obstructlng setliemens
az YOU will not accept per cent. lnsteae
of . e ner cent, bond, the latter carrying
with it a mountainous accumulation OF un
Maid interest, besides the constant presenta-
zion Of 81, $50, 900 OF coupons to absorb tn
Revenues which otherwise would be cash II
the Treasury. l warn you to be careful how
von decide. This is a tremendous question
Il Is YOUR business. We meet as mutua
friends to consult in business way abou
business of the highest Importance to our
selves. and I cannot too earnestly ask you
! careful, thoughtful consideration oft Ther
/ il pressure from the people to settle. We
Delegates and Senators, have been urged t
not return until we setIle the debt ques
ton. Shall we settle upon the present prop
! osition. or shall we make fight for othe
terms? do not think We can get anythin
. better. y