Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1881-02-02
PUBLISHED DAILY & TRI-WEEKLY BY
EDGAR SNOWDEN.
WEDNESDAY EVENING, FEBRUARY 2

~
The text of The dtc'aion C tic Sup1eme
Oou7t tf the U2;tel S!atcs. r>csHtly delivered
10 the Virginia bond case. which SO publish iD
full to day, completely subatan!ia!eB the correct.
ness Of the summary rubil'hei heretofore, srd
establishes, c,ncluai7cy, both the constitution
ality and birdiog Obligation CT the fuGdiDg bill
of 1871. The decision shows that the debt OF
Virginia is JUS: oic. eLd The Thoio lino Ct
tho argument OF the court proves ;tat coy at
tempt at ia fo!c.5lo HoaC 1:tm ,ut will be, not
only disarec,iu. but futile. There is no need
OF a new Court Of Arp,als Of Virginia TO Ge-
caro- tn, fUuding bill uccjnsti!u iJna!. wien
the Supreme Court .ia; declared that by that
bill "a coDtrac. was oonsuDus.td between The
S!a!o and tho holders CT tho ntw boods, from
tho obligation CT which she could cot, withC u!
their consent, re.i.v hcs;ct b5 eny subsequent
legislation" Bat tho Supreme Court goes
even further. srd, By erdo-si1g and couGrm-
log, and evoo il cooperating with i.s ow2. tic
decision of tho Court of Appeals OF Virginia in
the Antoni and Wright clsc. shows that if the
deb! Of the State Ct Virginia is to be conp.o.
missed. it can only be tols by AID with tie
consent of the creditors, for. 10 reference to tho
d. .sion referred 10. the court says:
The sabiso Was then Iuoss ciGboretely uad
iearnedly t:tatci. and tna provision Of the
funding cot was sho1c, by r3asonog perfectly
CONCLUSIVE, ID b. & c)G!ra0s founded upoa val.
liable considerations LGd Licdl2g upon the
State. The o5Urt sail that 10 ;i:h.iul p3Wer
OF the State was surrendered By he !ahdiog
bill, bu! simply Il provision made iJr tho Esy.
ment of the deps5 OF the SsGtc; that the aoruul
aooruing interest oc the debt OF tho State was
10 all regulated governments deemed I'd tsJen-
lial part of their aauus expenses, and WAS OF.
ways annually provided fo7. The &C; OILY ulaJe
provision for en annual appropriation of Iur
lion OF tho revenue, derived from tsx,si39 10
the payment CT existing dcb's. snd sach lcgisls
lion cOuli not bc decE5td great stretch of
power when the CrgaC!o Law of tho State not
only co1tcrnp plato the puDotnal aDlus pi ymcnt
OF the interest q Ter eLtre u ;bt, hut iuIptra.
lively nqultsd, ca he creation of dobt, that
snklog fund shOil bo at trc) Established J,
10 DO applied solely T. l:s fytirc'inu !h3 o.:
Eaolc Jaw thu4, rot user ~ suit.osiz ID, tu: 70
qu!rtd tbs j. & :l.uro. Wbioh created the deb,
ment OF q iuld ta b applied solely 10 Tie tx
: iitc ion OF tho deb! And as 10 tho cii,c;ion
that slci legislation might. srd probably
would, result 10 chipping the p)wer and re-
s,urc's of the State IN tine OF var or other
great casmty, the curt said that legislation
ranno: We'll be GHe9tcd in s3vatc, to CItraoEG:-
nary and tXcritl@na! clsc;; thai such cases viii
occur at oil tlmca with 81 u:tioDs, and must lie
provided Tor. by ito wisdom aDd Irud ,Coe of
the government, Tor tic TINA b. ing. AT suca
time. however, sai; the c,nrt, IL words fu!l
al wisdom. tho hnTaTcd pamo ard high credit,
scared 10 Stale by ucbf0ker i.i.h, even ID
adversely. will apart, 'rJn /, other consi:iera-
lions be wirth nGrc 10 her 10 dOitsIs- ircaicu
iaby Dore-!tnn the comparatively icsisniti
cant amount q me iEt,r2s: oa . portioo Gf the
public debt dyed by breach OF conlr:c,.' The
Hourt thus expressed q great tIu'h, N!ici. Il.
Jls; men apnrtGiltr, TIA; there il TO wcsEti! or
power rqu'l 10 IT,; which rI!in's:ely ocmas 10
State when lr hlt !'er ,pgaGcnents $50 <, eJs
her iaI;h uuh!; 20.
As the proIcssei Iii C. of Tho Ma,ooa iarty
IS to make icicbio reOc ,s!m.Ct Of s;2 State
debt, and a. it has noT u zen decided liza! sich
a reimbursement en- mi 10 eff ed, the s,I, 81
signed purpose ior dish that parsy VS. orsao
iz,d has been PLACID beyond tbo reach OF &c
oompl'shment, ani i: should, th'r Fori, lis.
band as once. nnl Tics, Of It's mcmbors ,qLo
have heretofore ac'cd wi:iI the Democrats
should return 70 Tho ell tlII sud uni!o
their efforts with those wao ere trying to cii c.
90 honorable sett:meut Ct tie d b., ard to 70
store to the State the c;eIis she ouc, reo,ieea
ha Haas nIol ol y
to which she WAS oace entitled.