The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-07-28
ALEXANDRIA COUNTY. VA.

~. LID, ", ,.,. -, ALEXANDRIA COUNTY, VA.
EDITOR VALLEY VIRGINIAN THE present
political middle of Virginia is well calculated
to remind Republican voter of the religious
gu lndary of IA century or SO ago, in which one
was damned if he did and damned if he didn't
Between Readjuster and Fpnder and particq-
larly the outside interferer, the Republican Of
Virginia is putin the category of doubt, and
has good cause for hesitancy as to which horn
of the dilemma he shall take. Permit me as
one Of the laity,-the rank and tile,-who is
asked to fight under the enemy's flag, to ask
a question or two in regard to political mat
tiers in our State. Senator Ingalls,, of Kansas,
has recently written that were he a Virginia
Republican he would vote for the Malone
ticket Has he carefully examined the Read
juster platform, particularly its, third plank,
which announces that no property shall be ex-
enpt from taxation excepting that FUSED eX-
clusively for religious, charitable and educa-
tional purpOses?"i mGqi AWHgD 7A8 .h5lni
This peculiar dogma, Of course, is intended
to tax Virginia bonds precisely as other prop
erty, since the platform in defining in explicit
terms the exceptions, leaves no doubt that all
else becomes necessarily subjects of taxation
l believe that all northern States, like the Uni
ted states, exempt their bonds from taxation.
lnasmuch as States are perforce in eXigencies
borrowers not lenders, they cannot in pru-
dence adopt any financial policy in the slight
est degree calculated to impair their credit,
and as taxation OF their bonds would diminish
aiuo as iotss w .ne oAeenI VI VIC taAs
silnpae coLilllo1 sense ulcla.es tns Wlsaom u
Massa sl pau Ael in.elest
t sMe w" n,, ~ gou - selsl1lse was sue y
LII ny 10 CIV w tunu Sne iaH' pa
ali. VI noi onoo ono: NOUS uou1 at os pc
untaxed bond ,7t. W. ,F
'46n, !an 2eua.or llgtll - conslsIensi
ADVISE Virginia hep4pllcan 10 vote Win
Par.y - aolinal plaeioin W va ou
oonus 1as 4e 01e SOU VI iuia a1 HILL anq
~ Aa III a!u osnea nolelleib
Hsa.es anu anotneI III why shoulo
III tau oni9 'hei az
az .'S anu ooo' anu Sinla NC eounsolicp
". pursue d course Wnlch woulu render net
% as'9 - NY ia =. Ae's aih
L.,3. VIZ ri no'
o.oV oui ponue a. ne"it on ownou py "lono,
a." tes In ~ 4 s.n,
WY s1ouiu cltl1ens W e1.lie : ron nom
] Owning ,!1ll1g our bonds On ne same basis win
Wrir;,,ie 49, h' ;,.;yost y, j., Rorsar
orc 3ha h;rhost nd baSt u; 1ha Stete
Atba hon3s of the State ;tselfS 0''''1
h. =, A fovandn;a oo,,nt1r o,,r +oy ro+o ov
Goods 81 50 On 90 oh s10l, of yoi,,atinn Int orr
rooI o,+ota1 a,o ~, ,.at
alpa,,,a e ',ntI;n c1oa ,'''id nt ~
nar,,,;t no to os Sss orr State hnnds hold nv
: citizen Of Lass than face value hence ~ IN IN
contra ct With rpaltv tho hondhnlder wonld ra.
alize no intarest whatever ! Hinder snch cir
crmstancaS would anU cnordian Or widow or
canitaIist invest in t6am9 Senator InoaIls
1ud,id not hava bic lrond sensa II, az h1
The n,ircb,sa of a hind of Tie lowaet denom;.
nation Iuare he q c;tzan and holder IF tidnciarv
moneys and vet he advises Won and me to
sanction tho dorma which onenIv avovs tay.
oton and conSeonent denrec;ation Where
reo1 astote viii oorrv q nor cont ,nortra 90
omJ noY,,,,,s,t hasidal of "a, Iaosl tayot;on 1o
canitaI i can he fonnd in the universe = Ger,
tainlv not IN Kansas or in the Readuster
marty of VIRGINIA to nnrchase q taxed Slate
hon3 III 4 -. = En- ~ ~ = -
= 7 am not sure that bond held Inv an alien
connot he ,aved in some indirect manner The
Stat,,te of lin, ;tation does not n,nair the con
tract 1nder which >, note is drawn Int it takes
AWAY the remedy of collection. so a Iegisla-
tnre elected under the ard nlank of General
Mahone,s nlatform can easily devise some
means of renderino an ahen's bond as worth
Loco &c tl,at bald nv a citizan7 benca we NAV
we'll ,]enreeate such nm infamous financial mol
icv as Senator Ingalls wants forced upon us
thronch the Readi1ster marty
ThEre is a wide difference between the seal
ing of the debt and the virtual repudiation of
if after If has been scaled. Our Old debt was
based upon area, Division of that area fairly
imnles division to proportionate extent of the
debt or mortgage resting unon it. Sunpose
West Virginia had continued her iugglery.
through which she secured Jefferson and
Berke1ev counties until she had absorbed "a.
ther more than halfthe whole area of Old viz
ginia She certainly would not claim that
Retention of the mere name of Virginia saddled
the whole debt upon the lesser area. The Nc
Culloch bill. and everybody we might say I'M
less we except Mr.. Cameron, comedies the
right to scale. But because we can consistently
prune down, even to 500 900 900, does it fol
| low that we as debtors have the right to tax
our creditors interest away from him? Com
pelling him to accept fifty cents on the dollar
and then taxing the evidences of this new
principal hardly smacks of that financial hon
or said to be found even among thieves If
$40 1000 900 be the proper sum for Virginia to
scale down to, let us promptly fix at that and
then pledge payment of it's untaxed interest
and principal lust as Kansas does. These new
bonds would at once rise to par. but under the
they would De standmg monument Oh sLiaile
ff