The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-03-08


nicaLe anything specially new on the sub
iect, No one denies that West Virginia
il responsible for some share Of the Old
Virginia debt, One or two efforts have
been made to ascertain Just what pro-
portion Of the debt SHE ought to assume.
She agreed in her first Constitution to pay
an equitable proportion Of 1t. She did not
agree to pay whatever portion OF 1t Vir'
vinia might apsign to her or the com
mon creditors might demand. The
whole subject was regarded as matter Tor
conference and agreement between the
two Suites. Commissioners were appointed
by this State in 1871, and sent to Rich
mond to confer with the authorities there
in regard 10 the debt, There was, how
ever, no conference and nobody to confer
with, and the then Governor OF Virginia
did not seem to regard the mission as in
vested with any importance, that entitled
II to serious consideration at his hands.
There was nobody on hand, official or I'M
Official, DESTROYS Of giving any information,
or willing to put themselves to any trouble
to meet the inquiries Of the West Virginia
commissioners Their examination, there
fore, was e. parte, and conducted mainly
on the basis Of such documentary and
personal information as they had before
leaving home. The result was unsatisiaC'
tory Of course. Such as 1t was, however,
II was given to the public with a state
ment Of the circumstances that attended It's
preparation. And thus the matter has
rested down 10 this day-durinG an inter-
va of ten years. Meanwhile the "deier'
red certificates" known on the market "a
West Virginia certificates, declined from
% cents on the dollar to five cents, but
within the last four months they have
risen to 10. Nobody knows the secret Of
this rise, and 1t Is suspected, and not with.
out reason, that a syndicate has bulled
them up to their prOsent.price In the ex'
pectaLion OF some action on the
part OF West Virginia looking to
an arrangement with Virginia. So
far as we know there Ia no such action
contemplated at this time in this State.
We do not say that some action ought not
to be contemplated. We think 1t desirable
to get this debt adjusted and settled in
some way. WeouRht to assume what we
are in equity entitled to assume. The
plan pursued by the Commissioners Of
West Virginia In 1871 was to credit Vir'
ginia with all the money expended In
West Virginia and charge her with all the
money collected from US. They asCer.
tanned that the debt was mainly created
for certain public improvements, and that
these improvements were largely located
In Virg MIA and not in West Virginia.
Virginia had the canals, the rail.
roads and the public buildings that
represented the debt. In other words,
she had nearly all the assets. Having
these she was entitled to pay in the pro.
portion Of benefits received from the debt.
This was the theory Of the Commissioners.
On the other hand, the theory Of the Viz.
'1 t.S ~ ., "%p ~" 40 ah",,,d ~ o..
onothird Of the debt This theory Is OK.
tsnpiyely argued and Combatted in the
report Of the West Virginia Commission.
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