West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1881-11-18

whom they have to tbauk ior this
ridiculous and Illuminating b!under.
-
The Repudialors have carried the
day iu Virginia, says the New York
SIN. Their triumph is due to the
open support OF the Federal Admin
istration, and to the large amount Of
money raised in Northern cities to
conquer the prejudices Of uncertain
voters. The Poet Once and the
Treasury Departments, with the en-
tire strength Of the Internal Reve-
u Bureau, were used by MALONE
IN his campaign, as i! they were his
personal dependencies.
The negro vote was cast nearly
solid for the Reputation ticket, and
joined with it were thousands of
whites, glad Of an opportunity to
trampIe under foot a sacred debt.
not a dollar Of which can be charged
to carpet-bag rule or to military
government.
What are the facts of this case?
The debt vas contracted before the
civil war, and it is represented by
railroads, canals, turnpikes, institu-
tions for the insane, dumb, and deaf,
and by universities and colleges
founded or endowed. Every de-
Partment Of tho State Government
recognized it as completely valid and
obligatory. After charging one
third Of the original debt to West
Virginia. as her just portion on sep
aration, Mr.. MALONE, in a written
epeech delivered in Richmond, Feb.
%, 1879, said;
/ would use my best endeavors 10 SC
cure a vote of the people sauctioning a
settlement at 3 per cent. for forty
five years, on the basis of $50, 977, 900 GO.
l would do so because l believe it to be
right,
Recently, in an address before the
Union League in this city, Mr.. MA
HONE declared
If we carry the Legislature, as we hope
to do, we shall adjust the debt on hat
basis $50, 600, OOO). On the other hand.
our enemies assume a debt of S33, 900, 600
offering to pay S13 OOO, 900 which they
do not owe.
The Democrats adjusted this debt
with the creditors, under what was
known as the MCCULLocH Bill, in a
way tnat imposed no heavy burdens
on the State. Oae OF the first acts
of the Legislature vas to pass the
R1DDLEBERGER Bill, providing az fol.
lows:
First-Repudiation Of Bl3, O0O,-
600 of the principal. Secondly
Taxation Of the bonds, principal and
interest. Thirdly Repeal of the
provision making the interest cou-
pons receivable for taxes.
Governor HOLIDAY, Democrt, We.
toed this scheme. The question be
fore the people at the election last
tuesday was practically, therefore,
whether Reputation should be sus-
tanned or should be rejected.
Upon that distinct issue the Re
publican Party Of The Nation and
the Fedora. Administration took
Malone side, aud the result is be-
fore the country. The new Legis-
lature will meet on the 9th of De-
cember, and it may be confidently
assumed that the RIDDLEBERGER
Bill will be again passed. and this
time it will be signed by the new
Governor, a Repudiator. With a
single exception, all the Judges Of
theSupreme Court will be chosen by
this Legislature, 80 that it will be
packet in the interest OF MALONE
and Of Reputation.
The Republican Party is now com
mitted to Reputation. The Fed
eral Administration, by the steady
support and c|ountenance given to
the Regulators, have just elected
for the Governor Of Virginia a man
who long ago made IA full profession
Of bis faith 10 these words
AS to the full and hnaI payment or liq
uidation Of the present enormous Ma
tional debt, be that knows the American
people and their utter deficiency in the
high qualities Of truth and integrity.
knows that such on expectation is but an
idiots dream.
T-r ourselves, we shall rejoice when
the crash comes. il is debt contracted
the prosecution of an infamous and
unnecessary war.
The Attorney General Of Virginia
aIto proclaimed publicly after the
passage Of The RIDDLEBgEGER Bill
that be was DO favor Of "the vigorous
application Of The principles Of read