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The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1881-03-20

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The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01
Our Public Debt,

The report of Auditor Dyson, just issued
places the debt of the State at the close of the
last fiscal year at $99, 614, 1893 principal, being
decrease of $40 900, caused by the purchase
by the commissioners OF the Sinking Fund of
bonds issued under act of March 80, 1871. In
addition there is $15,239, $40 recognized BY
Virginia as West Virginia's proportion Of the
debt, for which certificates have been or will
be issued The principal of ViYginias debt is
divided as follows: BONDS, with coupons, is
sued or that may be issued under act of March
%, 1879, known as lA40 bonds, on account Of
being reasonable in eleven years, at the pleas
ure Of the General Assembly, or in forty years,
$8,S17 600; under the act of March so, 1871,
known as "oonsol debt" $14,369 ,947: total
amount Of tax-paying bonds, $22 1897, 547. 81.
Bonds that have not coupons receivable for
taxes, under act of March Z, 1871, known as
'peeler debt" $780,, 405.12 unfunded debt,
treated as funded, under act of MARCH, 80,
1871, as amended by act of March I, 1872, 81
332, $40. 07-total amount of non tax paying
bonds, $6,727, 24519. The funding under act
of March %, 1879, known as the "McCulloch
bill" ceased on the I'D OF January, 1880. In
the meantime interest ON the debt has been
accommodating, and on the LIST of July, 1881,
amounted, all told, to ,977, 1858, making
the principal and interest due July /, 1881 in
dependent of West Virginias proportion,
1874, 500 1888. The bonds and stocks held by
Virginia colleges aggregate 81 ,577, 1896 AZ, Of
which 1885,, 800 are funded and $725 1885, Al are
unfunded, and the interest on which at per
cent. is 1874, 64378. Under an act of Assem-
bly, passed February %, 1867, interest IN full
on the face amount of the bonds and stocks of
the State held by the colleges was authorized
to be paid, and thia authority has been con-
tinued to the present time under various acts
of Assembly.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01
Republican Meeting.
HARRIsoNBURe, Va, Nov. 90, 1881

HARRIsoNBURe, VA, Nov. 90, 1881.
The Republicans of Rockingham county,
Virginia, assembled in the Court House at
Harrisonburg, Va, on Tuesday evening, Nov.
80, 1881, at p clock p. m.
/ Mr.. c. Douglas Gray was called to the
chair, and pF. VIM. ]. Points was selected to
act as secretary.
The chairman stated that the object of the
meeting was to give expression to the senti-
ments of the Republicans of Rockingham
county in regard to the question of the elect
ion OF q United States Senator to the vacancy
caused by the expiration of the term OF the
Hon. John. W. Johnston.
The following resolutions were offered by
Geo. A. Newman ESQ, and seconded by John
Donovan, Esq;
termined opposition to the election Of Hon. Jno. F.
Lewis to the u 8. Senate to succeed Senator john
feat; and
WHEREAS, In our opinion, to, Jno. F, Lewis, more
ap e. ssa # IT.
been for him there would undoubtedly have beema
ticket II Rs ed SRa Of the
Rssotoedi That IN our opinion the Republican
wing Of the recent PARTY of Virginia has
sss Sy saa Of ne Isga
election of gentleman to the U. 8. Senate ofknown
and pronounced Republican antecedents, who pos
State, and that the election Of the Hon. Jno F. Lewis
would contribute in higher degree than that of
any other man towards the harmony and consolida-
ton OF the Coalition party in the State
Res0lued, That we earnestly invite the Repubi-
cans of other counties to meet at once and give
preston to their sentiments on this subject
Resoloed, That the Secretary of this meeting be
instructed to forward copies of the proceedings of
this meeting to the publishers Of The VALLEY VIR-
GINIAN, SPIRIT fMe Vattey and Richmond Wig for
publication.
The resolutions were unanimously adopted.
The meeting then adjourned.
~ +" G. DouGLAs GRAY, Chairman.
Teste; VIM J. POINTS, Sec.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01
A National Bankrupt Law.

One OF the most important subjects the next
Congress will be called upon to consider is
that Of National Bankrupt law That such
law is demanded by the commercial interests
OF the country, as we'll as the necessities of
individuals, is almos: universally recognized.
The Old law was so full of defects, so expen-
siVe, and SO disastrous to creditors, that the
name became the synonym of fat tees to offici-
ais, and disappointed hopes for claimants,
Whilst the bankrupt himself, oftentimes, was
compelled TO linger in the courts for wears be-
fore relief was granted him. The abolition of
the law as it stood was demanded, but the ex.
perience gained since the repeal has satisfied
rejecting minds of the importance of an act
Which would place it within the power of the
unfortunate to surrender everything they had,
and then commence anew, without having to
stagger along under burden that brushes out
all hope for the future and paralyzes every ef-
fort. More effective measures must be taken
to prevent the concealment of assets, than the
old law possessed, and more adequate provis-
Ion made to secure to the bankrupt ready
discharge. The whole subject, however, will
doubtless be exhaustively discussed by those
who have given it mature thought. sub
committee OF the Senate judiciary committee
consisting of Senators Ingalls,, Mcmillan and
Garland, appointed to investigate and report
on the ACCESSIBILITY of law which should be
an improvement on that approved March I'd,
1857, have sent out 5000 circulars asking for
suggestions on the subject. These circulars
were addressed principally to judges of the
Supreme and District and Circuit Courts of
the United States, and majority of those whs
have responded concur in recommending the
enactment of bankrupt law which shall be
simple, inexpensive, and prompt in the distri-
buttons OF the assets of the bankrupt. Several
practical suggestions have been received from
United States judges, including drafts of bills.
1t is expected that the report of this sub-com-
mlttee will be made early this month and that
1t will be an exhaustive treatise of the subject.
after careful consideration of the views and
suggestions contained in the various commu
nications received in response to the circulars.
The results of this will be the preparation and
introduction of a bill which, in the opinion of
the Judiciary committee. will meet the wants
OF the country. There will be strong pressure
from business circles in favor of the passage of
Dill. If one can be agreed on, which will be |
regarded as fit for the purpose. The expert |
ence OF the former law should afford means of
drafting new one which will be satisfactory
to the business interests, and give relief to the
bankrupt.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01
RepudiatinR States.

According to the Washington correspon
dent OF the Cincann0ta Commercial, Senator.
Malone promises to make it lively for some of
his colleagues in the next Congress 1t is said
that as soon as Congress meets the Virginia
Senator intends to introduce a resolution di-
recting the Committee on Finance, of the SEN
ate, to inquire whether any State of the Union
has repudiated, or attempted to repudiate, in
whole or in part, any of its bonded debt, and
whether any of the trust funds INVESTED by
tue United States in State bonds have been lost
or impaired by the action of any State. A
similar resolution will be introduced by one of
the Virginia Readjusters in the House. A new
friend of Malone said to representative of
the Commercial the other evening that the Sen
ator is determined to yet back at some of his
honorable colleagues from the Southern States.
who entered Virginia last year in the Presi-
dental campaign to denounce the KeaGiusters
as no better than sWindlers, and who have
ever since. He will see that particular atten-
ton is paid to North and South Carolina, as
Hampton and Vance were specially invited
to stump Virginia against him by the Funder
Committee. South Carolina has scaled debt
of sixteen millions down to less than four, and
North Carolina has gone even further in the
same direction in dealing with her bonds. |
Senator Malone will demand also in his reso-
luton that the Finance Committee shall ascer- |
tain if possible upon what theory the repudi-
ating States have dealt with their obligations,
and to report whether there is any remedy left |
to the United States in case its trust funds |
have been impaired or lost.
When Treasurer Gilfillan last week asked
Governor Hagood, of South Carolina, wha, his
State intended to do about paying the princi-
pal and interest of the Indian Trust funds in
vested in 1856 in South Carolina bonds, he re.
ceived the reply that she State would give
other bonds in lieu of them at the rate of fifty
cents on the dollar, and that this must be done
very soon or they would be barred together,
Such an exchange would be loss to the fund
OF 1924 900. This fact will be quite sufficient
to warrant very thorough nYestigation into
the methods of Democratic financiers. After
it is made it is possible that Hampton and
Vance will not come again as missionaries to
Virginia preaching ~Honor" to it's people.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

The taik CT the Bourbons about this portion
of the State is anything to beat John F. Lewis
for the Senate. This does not ioos much like
Mr.. Lewis was arranging coalition with theal
Probably no man in Virginia would be more
distastefias politically to the ring managers of
the Bourbon Dem o1racy than Mr.. Lewis. 1t
is known that he is not only Republican,
but Readjuster Republican, and one Of the
first who eyer proclaimed for REIMBURSEMENT
o. the State debt. He was q Re-adjuster be-
fore the Re-adjpster party was even thought
of, and six years ago stated to the writer OF
this paragraph that Virginia did not .oye and
ought not to pay more thap SEQ 100000. We
did not agree with him then and do not agree
wiiA him now on the debt question. But we
know h,m TO be an honest man, and in favor
of what he believes 20 ise honest policy; and
we know he would disdain to yieiste an under
standing, either positive or implied in politics
or in business matters.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

profession spirit of reverence for opinions
already had in causes, but the greatest OF
Virginia in 1ges have not failed to change
their views and their decisions when salts
fed those antecedent are wrong. Judge
Staples has not hesitated himself to do so,
and in the act referred to has initiated the
most distinguished judges whose genius
adorned the ermine in England and Amer
lea.
There cannot, as to final appellate
tribunal, in good sense, prevail any other
than this rule. for otherwise the very acme
OF nonsense might at one time be the rule
of an appellate court. and succeeding Judges
be constrained to follow blindly against
justice and right.
Backed by William Green, Judge Staples
is at least equal in the intellectual calibre
and moral bearing OF his opinions to the
majority of the Court he sits with.
The point of departure referred to
though, by Mr.. Green, Is one where the
courts would probably have no say, and in
regard to which they would not be ap-
pealed 20; namely, rhe so making the ratio
OF values between money paid fol- taxes and
coupons payable to taxes, to the advantage
OF money paying, that the coupon receiva-
biity would not be affected but be driven
out OF the market as tax-paying value.-
The Riddleberger Bill has principle Of
this character Incorporated, and it may be
the ruling. controlling power, achieving
fair settlement Of the public debt.
But this is designed not to again
'perplex the people on dubious points. 1t is
designed though to call the attention of law
makers to the ability and methods they may
possess to countervail any law where I'M
CONSTITUTIONAL, and to legislate in the nature
of rem e3es to the prevention of wrong.
The article of VIM. Green is contained in
the April number Of the Virginia Law Jour
nal. 1878. 70 this and the arguments OF
Judge Staples contained in his opinion and
references, in the same number, their con-
sideration is invited. And to Professor
Minors views. also, on the use by Courts Of
mandamus OIL the question of original ju-
risdiction as to the granting this writ by
the appellate courts, where and when. in
connection with the legality Ut the Riddle
berger Bill, is attention called.
John Taylor, of Caroline, a statesman of
Virginia, contemporary with Jefferson and
Madison, and hardly less reputable for his
legal acumen, writes In reference to prece-
dents which antagonist constitutions. that
by surrendering its constitution to prece-
dents, nation would surrender its strong
est fortress to its strongest enemy, and
would subscribe to the opinion that the best
mode of defending itself is to throw down
its arms.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01
Grave Yard Insurance.


a special dispatch from Harrisburg to the
Baltimore Sun reads as follows:
Seven persons from Kentucky, with an at
torhey, who hold policies in tho graveyard in-
sprance companies in this city and vicinity on
persons who have died, aggregating $4,000,
have come here I'd prosecute their claims.
They have thus far been unable to get salts
faction from the companies in which they had
insured their men. Some of the companies in
which the Kentuokiaas hold policies of in
surance have paid as low as fifty dollars on q
thousand dollar policy. One of the benetiol,
aries from Kentucky claims that he has paid
about $500 In assessments on policy of
5000.
This will be the experience of all who are
gulled into taking policies in these disreputa-
ple c6hgalnies They are swindlers from be-
ginning to eud, and those who go INTO them
may expect to be caught.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01
A Malignant Letter.

If any one thing more than another could
more clearly vindcate the wisdom of the
verdict OF the people on the 9Th inst. it
may be foam d in the following spiteful and
undignified letter from the defeated candi-
date for Governor. 1t was written in re-
sponse to sympath etic epistle from Mr..
EFT. Cooper, OF Dover. Delaware. Mai,
Daniel reflects no credit upon his common
sense. his courtesy or his manhood in his
bitter, virulent and passionate sentences. -
His ailusion to the President of the United
States as ward politician" shows to
what extent Bourbon prejudice and parti-
zan hate may lead q gentleman OF Major
Daniels culture and advantages, No Sc
verer commentary upon the malignant
spirit OF the party he represented in the late
election, could be offered than this letter it
self, and we furnish it to our readers as
Justification for anything harsh that may
have been written or spoken of the Bourbon
faction, during the excitement of the can.
vass. Its very malignity is it's antidote.
Maj. Daniel stood upon and supported
platform OF reputation. + is party has re-
pudiatcd its own pledges and the amend
ments TO- the national const tuition, and
boa>ted of the crime. 1t has repudiated
the debt OF the State and violated the con-
tracts with the creditors, in not providing
for the payment Of interest. 1t has repu.
dated the State Constitution by divertine
the funds dedicated to the Public Schools
to another purpose, and repudiated the
common courtesies and prophecies of So
cety by just SUCH vicious assaults as his
letter contains upon all who choose to diff
fer from him and his following. The whole
country may see from the utterances of the
leader Of the Bourbon faction, what kind of
an administration would have followed its
entrenchment in power.
The following is the letter, to which we
invite the attention of all conservative
minds, whether in Virginia or elsewhere.
1t Is taken from the Dover s.Delawarean -
LYNCHBURG. November, 1881.
My Dear oir-Your highly appreciated
favor is TO hand. and heartily thank You
Tor it. We are indeed in "evil case, Gut
teau and money of the Republican machine |
have defeated US here, and repudia ton is
rampant. The sympathy of good men and /
true is plentiful solace to me, for defeat in
such cause as ours is without a personal |
sting. But great is the humiliation ot our (
state, and great fhe hpmiliation Of coun- t
try that has q ward politician for President I
whose highest notion OF statesmanshp is to |
dicker with reputation and use the powers |
Of Government to corrupt State The |
chickens he has Matched pAt will go home to
rAost 4nless we are in decline Of all that |
makes a republic. Receive my warmest
esteem and gratitude, and believe me, with
al good wishes, your friend truly.
JOHN W. DANIEL,
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01
Mr.. Lewis is not candidate. in the ord,na

MIR. Lewis is not candidate. in the ordlna-
sense, for United States Senator He,how-
ever believes that the Republicans are entitled
to the Senatorship, and that good faith de-
mands that it shall be awarded them, whoever
may be the individual chosen. Ii is natural that
his name should be connected with the posi-
sion by his party friends, inasmuch as it was
bis course in the canvass that made it possible
for the Re-adjuster ticket to win. The inter-
view published in the Washington Republican
meant this and nothing more. He had no idea
of conveying the impression that che Republi-
cans were Indifferent to the election of the
Senator. He meant that he was not candi-
date. did not seek the position, but that he left
it with his friends to do in the matter as they
thought BEST and whatever they might do,
would be satisfactory TO him. He is keenly
alive to the slight that would be placed upon
the Republicans not to have recognition in the
selection OF the Senator. and this he will be
very apt to make known before the election
takes place.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

The Atlanta Az as!nata Exposition is one of the re-
markable events of .thhe year, the effects of
which are destined 10 reach as far into the flu
ture as any Other that has occurred during the
twelve months DOW about to close or may &C.
cur in the twelve months to succeed. 1t has
evoked all over the country fresh interest in
the South-an interest affecting her wealth and
mt her partizan status. The cotton interests
Of the wQff4q pot only in the producing of the
raw material, Rat ip 22pyerting it into fabrics,
ought to and will be Located ta il the South, and
tae facts and information n at Impaired by ibis
ExposiitiiSaa wiz go far to hasten the period
when this VIII ne contaminated Political
Boprhoplsm once cFaq gpsp t opt, a new South
viii come to the front, fall N promise in all
that goes ts t7a*e mp great and prosperous
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

Immense frauds have been discovered in the
Tax Receivers office at Philadelphia The
information was furnished by Theo. Hanel
who was clerk in the tax office under FORM
er receiver, and was convicted Of embezzle-
ment while there, for which he served a terra
in the penitentiary. Hanel freely admitted
that he had been one Of the Lhieyes himself,
but the treatment he received from bic accom-
lplices since his detection had been so shame
lful that he ''spllt on them'' in revenge. Hana
figures the total thefts at millions of dollars,
three smiNiOns, perhaps, and an ex,deputy tax
collector says that 1t was "cold day. when
the clerks jim the tax office did not get away
with o. 900, and faaat one Gay one clerk stole
$500. The frauds we're perpetrated in va
rious ways. Sometimes there was baretaced
lyercharge of hundreds of dollars IN the bills
\heayy taxpayers. Under a pretended in
pf assessment, the surplus, .8aa some
whole amount of the bill, going ilto
of the clerk who received it. An
I'D was to collect taxes on property
assessor, through accident or de-
omitted from his list. Hanel saws
,hich is destined to wreck the rep |
1en hitherto respectable in psi- |
Comment in public affairs has |
wv.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

We agree with the Petersburg Inder-Ap-
peal that President Arthur would do a
graceful thing and also serve the interests
Of the press and the people of the country.
il he were to revive the old custom of send
ing the Presidential message to the post
masters of each city in the United States to
be delivered to the press Immediately after
it reaches Congress. This would insure an
accurate report of the message and save the
newspapers very heavy expense.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

Guiteau still continues his daily exhibitions
Of egotism, and the crowd in attendance upon
the sessions of the court continues its approx
ing laughter. Judge Cox finds himself in a
dilemma. The law provides that the prisoner
shall face the witnesses against him, and for
sassin is sent from the court room. As it is,
Guiteau is irrepressible, and the crowd seems
to enjoy his antics.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

The director of the mint. in his report, states
that the amount of specie in circulation and
in the treasures of the governments and the
banks of the world, is nine billions, five hun
bred million dollars and the amount of paper
currency three billions, six hundred thousand
dollars.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

The prices of locomotive engines have
advanced over 50 per cent. in two years, in
consequence of the new railroads under
construction and the inability of the works
to keep up with the orders. Engines that
formerly sold for s., 200 find ready market
now at $S. coo, and secondhand locomotives
are said to have been recently sold at their
original cost.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

[E. NJ Cushing Son, Auetioneers.1
4 COMMISSIONERS SALE.-In pursuance Of a do
- cree Of the Circuit Court Of Augusta County,
va. entered November 18th, 1875 in the chancery
cause OF Weasts heirs VS.. Weast's widow and ais,
VIII as Commissioner therein appointed, proceed to
sell at public Auction to the highest bidder on the
premises, on
THURSDAY, DECEMBER THE 29eh, 1881,
That very desirable and valuable tract of land be-
longing to the estate OF Henry Weast deceased,
CONTAINING 1856 ACRES,
Situated in Augusta county, about Is miles N E. of
Staunton, adjoining the lands OF Abram Mohler, j.
Davis Craig and Others about so acres cleared and
residue we'll timbered: the Improvements consist
OF very good Frame Dwelling House, a large Barn,
nearly new, Tenant House and other necessary out-
buildings; also fine young Orchards of choice
fruit, we'll and cisterns.
The land is fertile and in good state Of cultivation
Is we'll adapted to the growth of all grains raised in
the county The attention OF land buyers is special
" invited to this advertisements and an examina-
ton OF the land before day Of sale. The one who
buys will get bargain.
TERMS:-Co Of suit and sale In cash, and resi-
1ue upon credits of one, two and three years, in
equal instalments, for which the purchaser Will ex-
scute bonds with approved personal security, bear
ing Interest from day Of SALE and title retained as
Ultimate security. W. E. CRAIG,
dec1 Commissioner
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

Exaggerated reports have gone abroad as to
the prevalence of small pox in Richmond. 1t
is true that there are few cases about the
city. but the infected districts are closely guard
ed, and there is not the slightest danger OF
contracting the disease by visiting the capital
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-12-01

Maryland is chafing under Democratic
letters. Year by year the Republicans are
crawling to the top. In 1879 the Democratic
majority was % 900; in 1880, it was 10 600
and in 1851, it fell to 1888. By an effort
the State may be ranged in the Republican
column in 1884,