Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1879-03-19
The Valley on sehIsn.

vention to epithets such as are rarely
found in the Valley editorials. Then
the article gives quasi endorsement OF
the Brokers' bill, as a compromise Of
fered by the bondholders, says we have
no use for two State committees, and
has something to say about "true and
equitable principles " aud going over to
Grant in 1880.
The author OF this article was unfor-
tunate in the selection of his head line.
"Schism " is word peculiarly ecclesi-
astical in its Specification. Jefferson
founded the Democratic party; after
him came disintegraters, disorganizers,
boilers, &C., at intervals. Luther began
the Reformation and fixed a status for
Professionalism; after Luther came
schisms and schismatics. Jefferson was
a statesman as well as a POLITICIAN
Luther was q great man in every sense
of the term. Now whether all the men
who have had opinions on collateral
questions within the Jeffersonion or
ganization are /" brainless politicians and
hot headed aspirants with only selfish
motives actuating them, and whether
the preachers whohaye succeeded Luther
and differed from each other in mere
docmas and church forms, should be
called blowers" hugging the peol l.
so as to bring them IN something" are
problems which we will leave the dlvln-
er of human motives in the Valley office
to solve: unless this much shall set
HIM to thinking whether he had not
better leave the great "searcher OF all
hearts {" TO Judge of the good or evil OF
mems designs.
Now, neighbor, granting that we have
no use for two committees, can you tell
us whether we have any use for three b!
You know the funders and brokers or
ganized q committee aud began the work
of organizing a party to "carry the
next legislature and increase taxes to
nav full interest on the public debt"
Why did you not hurl your powerful
lanathemas at that committee No. 2,
and save the necessity of committee
of readjusters to watch them. You
never opened your batteries then. Why
not? Was it only because some radicals
were in the readjustors' convention?
Verify, verify, ! say unto you, that
Rives, Hughes and Wickman were with
the others, and one OF them Is on the
committee with conservatives. More
over. l beseech you to remember that
Jorcenson and Yankee Allen are lobby
lists OF the Brokers' bill, that McCul-
Tough. it's author, was oil Grants cabinet
and a partner Of Jay Cooke & Co.. and
that Hayes administration makes the
tools, or Office holders, Of Virginia
dance to McCuiloush's music, while
only the independent republican can be
readjuster. Funders may organize
committees and parties ad hbitum. but
| if readjusters do as much only to meet
them, it is high party treason. That is
your logic, neighbor! We submit to you
whether readjusters have any rights.
Again, neighbOr. you ask why re-
adjusters should not compromise when
the funders and bondholders propose so
much. If you have seen any PROPOSE
ton from bondholders please tell your
readers when and where. The Brokers
bill, that you think 1t treason to oppose
comes from ring of SPECTATORS. who
told us in advance they had few or no
bonds, and required, therefore, consid-
Grafton for services ; which considera-
ton is accorded them in the bill, by
giving them the "exclHsirs privilege OF
funding the debt"
This, good neighbof leads us to the
consideration of the sacrifices readjust-
ers are called upon to make ii they
would escape your ponderops blows.
The first is that Virginia gives entire
control of her debt and its funding to
two syndicates for speculation. The
holder of a Virginia bond cannot send
Ibis security to his State for exchange
but must pay Mccullough & Co., TO dc
this for him. See clause 8, Sec, 5.
Second. "All obligations created I'M
der this act shall be forever exempt from
ali taxation, direct or indirect, by the
State, or by any county or corporation
therein, by which we Lose 100000 o
revenue 10 The State alone.
Third. Our whole debt is converted
if desired, into a gold debt by being
made payable, principal and interest
in dollars, in London.
Fourth. 1t funds all of our bonds helt
by the Yankee and Englishman, ac
crued interest included, at par, anC
funds the unpaid millions due on thu
peeler debt at half.
Fifth. 1t makes the coupons receiva-
BILE for all taxes and goes bow-sho
beyond the funding bill by requirin!
that registered bond interest shall b.
represented by a certificate also receiy-
able for taxes.
Sixth. 1t repuaIates the oldest ant
most sacred debt we Owe-the Literar,
fund, held in trust by the State for thu
poor children for more than half cen
fury.
Seventh. 1t is a lie on its face In pro
Tossing to be three per cent. for 10 years
when three years of the ten are glvel
- $500. 90 Ca ;,c Jr.;,,, ,.,h; al