National Republican., 1881-08-11
The Pourbon Fenst in Virginia.


York SIN and World, the Washington
Post, and other custodians of Virginia
honor look with pride, first upon the de-
faulted interest on Virginia bonds, and
then upon the Bourbon Funders, who
have been uninterruptedly in power,
but have preferred owing the in
terest to providing for its pay
mcnt The fact is, your fine old
Virginia gentlemen of the Bourbon type
would rather have the State o,re any
amount than cheat her creditors out of a
cent of it, They did and do propose to
cepted draft on West Virginia, and the
West Virginia Bourbons stand by them
nobly as against the Readjusters, but
will not vote to pay n dollar of the draft.
The two-thirds of the principal of the
debt which the Bourbons have not
thus eliminated and the one-half
of accumulated interest which they
have likewise not rcpudiated are
to continue owing and the interest
thereon is to accumulate, and default is to
be made in the payment thereof, as here
tofore, for the reason that the taxes are
not TO be increased nor the liabilities
diminished. Your true Bourbon thus
discourscs to a holder of Virginia bonds
"There is to be no reputation or
elimination. You shall have every dol
"lar of your money, sir. We will not in
"crcase our revenues in any way, and
% ,.n,, l,no,,, tLa ,,rosopt r,ta nf tovos ,1,oo
"not yield us enough to meet your
"demand for interest. But, sir, you
yankees are too Internally practical.
" Why do you persist in having your in
"terest every year, when we distinctly
"tell you that we will never repudiate q
"dollar of it? The assurance of honora-
able men like Virginia Bourbons hdthey
"'rW nercr deny The debt is egGr0icnt 10 lis
pdymentl We cannot increase taxes,
"and therefore cannot pay your interest,
"but our assurance (some call it cheek
"ought to keep our bonds at par in the
money markets ofthe world Then, sir,
{" in order to give you absolute evidence
"of our good faith, we have nominated
for Governor of the State Debt-Payer
in whom YOU can have absolute trust.
AS q Pennsylvania householder once
assured countryman concerning u
horse he was trying to sell him: He
go is one into which you can put your con-
fidcnce mto.' We have nominated
John W. Daniel, sir, who is one of the
"most stable and learned of financiers.
Why, sir if Major Daniel had been
Secretary of the Treasury instead of
" John Sherman the iniquitous meas
"'ures of Federal finance fostered
by the latter would never have
" brought Virginia to the verge OF
reputation. But, sir, it is not
"too late. If we can elect John w.
"Daniel to be Governor and Barbour
"lieutenant-governor, we can then send
Daniel to the Senate, and he and Voor-
"hees can carry out the ideas they
"have both labored for. To show you,
sir, what debt-payer our gubernatorial
"nominee is, l quote the following Ian
"guage of his from a document prepared
"by him and widely circulated in Vir-
"ginia. After showing up the awful
"evis brought upon the country by the
Radicals, he said
al have endcavored TO diagnose the disease.
"What remedies shall we apply to 1t? Iwould
"say-
First. abolish national banks; second, abolish
"the tax on and revive the State banks third, sub
"stitute Treasury notes for national bank notes
Fourth, make them receivable for custom duties
"as well as all debts, public and private fh, stop
l,n nf honda for inn MIR nd
"rcpcal the redemption act
1--WE shall thus be relieved of great portion Of
"taXcs; money will flow into the dry channels of
business our paper, by being made to perform all
the paying functions Of silver and gold, will be
preserved near par; our State, empowered to cs-
"tabish banks, will have control of its finances,
land hope will come to people bordering on de-
"spair. The iniquitous measures of Federal
Finance have brought Virginia to the verge Of
population.
RCrcrse them, and the enhanced values of our
productions will enable us TO pay interest our
"debt. Give the bondholder his due, u e We
right to demand more Give the ..ie," ".c nus no
"Tney demand 1t, and will l. s people lheir uue'
"Thus fairly and squarsSct'se coutOnt WIN no iuss
"while preservinc.,e th'SIy uu'S VIII pe uohc' "u
"i,e,,,,,.rs 20 d~t, against monopoly and aggmnd-
ls,as.hent and tyrannous power the rights OF
american freemen, we shall be enabled to pre-
| serve also untarnished that sacred and preciou:
"legacy which our fathers bequeathed us and
(which our brave comrades defended, the honor
land fair name of Virginia.
"There, sir. ] call that craftsmanship
:" Reverse the measures of Fedora
finance and high prices will enable u'
"to pay you your interest. That's wha
"Major Daniel contends for-STATI
"BANKs and cords of money. Why, sir
"when Virginia can charter State bank!
"without Federal tax on their circula
"tion, of course she can establish sevcra
"on purpose to print enough State banl
"bills with which to meet all demands
You shall everwant for yourinterest 81
"long as Governor Daniel, that is to be
"can make our paper perform all The pay
sing functions of silver and gold"
And so on and on and round ant
round, our sentimental Bourbon frient
repeats himself, fully satisfied that h
has entirely extinguished that "no-ac
count" fellow Malone and his frien
Cameron, who actually expect to entic
bondholders to accept real money TO
three per cent. on the actual debt whel
they can get promises of great dea
more funded, refunded, and re-refunded
until national banksgiye way to restora
ton of the old State banks and un
limited wildcat money shall rejoic
every impecunious heart. And these ar
the Debt-Payers with whom the virtuou
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