The Weston Democrat. [volume] (Weston, W. Va.) 1875-current, 1879-07-12

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found him busy in ibis large dry
goods establishment; and he ap-
peared to be rather shocked at tho
idea of being interviewed. "How-
ever" said he, "go slow, MI. Repor-
ter, and let ME hear what you
want"
"Wcll, as to State pol-n
"stop right there, sir. I know
but little about State politics, and
what little I know l gathered from
the Register. As to National poll
tics, I can't think my opinions will
be worth much. 1t is premature,
now, to talk Of candidates for State
Offices; but throughout the entire
country my judgment is that the
political situation favors tho sue
cess of the Democratic party. Tho
present hard times are the legiti.
mate result of forced resumption.
Tho people are becoming more and
more satisfied Of this fact, and in
1850 will reverse the resumption
wheel and knock the Sherman pol.
icy higher than kite. The nomi-
nation Of Ewing in Ohio is the
starting point. He is conservative
and safe on this question; SO much
so as to command the appreciation
Of representative Democrats Of all
sections, which already indicates
harmony in tho next national con,
vcntion. The hard and soft money
Democrats will concur in the Ohio
Idca,' since neither can do better"
~ will ask you one other qucs>
ton. Do you think this State
cquitably bound to assume any
portion Of the Virginia State debt?"
"Not in the least bound in any
way. My recollection is that the
one-third (so often referred to) OF
the Virginia State debt, as being
the equitable portion due by West
Virginia, and for which Virginia,
has issued certificates, is payable
only when a settlement between
tho two States is adjusted; and If
never adjusted, certainly there is
no loyal obligation upon West Vir-
ginia-indeed, l may say upon
other State, since the contingency
mentioned in tho certificates has
never occurred. 1t may be said
that this amount is duo from some
party, and may pertain to tho moral
obligation Of either State. But, by
the operations Of the civil war,
Virginia bonds sunk in valuc, say
onc.half; and whom the PROPOSE.
ton was made to fund the debt, on
the principle which was accom-
plished, namely, two-thirds posi-
tive and one-third contingent, it
was, no doubt, willingly accepted
by the creditors, as it afforded a
profit to them Of near 25 per cent,
and, in addition, the annual inter.
est was made principal, which Is,
l think, all the creditors ever ex.
pected to get, as the West Virginia
certificates have never had any real
value beyond the cost Of the paper
on which they are printed. You
may safely infer that no special
value was placed on them at tho
time, and consequently none since;
and therefore, I think there is no
moral obligation on either State.
Sometimes large speculations arc
realized as between individuals.
but it is not a moral transaction, and
should not bo enforced upon the
public. I think this will hold
water. Any way, since ifan sdjns'-
ment were to take place and 1t were
right that West Virginia should
pay any portion, the difference l. :
tween that portion and one-tlirl
(say $l5,00o,Ooo) by strict con-
struction, would DO due from Nir.
ginia, as it is a certificate from that
State that West Virginia has roth-
ing to do with, not being a party,o
it in any way. Virginia only ol'li-
gates herself when an adjustment
shall take place. OF course these
hard times 10 one cares for then.
except tho foolish purchaser VIII"
expects to get something for moth.
ing.
"You arc a director Of the State
Hospital for the Insane. Have YOU