National Republican., 1881-10-20
John w. Daniel, OF Virginia.

lsiature cannot impair the obligation of
n contract and he says the bond and
the coupon attached stand firm by law"
But the coupons are for six per cent in
terest. lie says: This is the platform
of the Conservative Democratic party
to refund the State debt at three per
cent" lie claims that the intention is
to get the creditors to agree 20 fair and
equitable settlement. Well, so is that ofthe
Readjusters. The Riddebergei bill does
not propose to seize and burn the cred
itor's bonds. 1t only says, ave have not
the means to pay interest on more than
twenty millions at three per cent"
The Bourbons say they cannot
pay more than three per cent. interest on
what they pretend TO believe the princi-
pal to be- The only force either side pro-
poses to use to compel the settlement is
that the money TO pay existing principal
and interest shall not be raised by the
State. Both sides agree to this. Major
Daniel is reported by the Post rs saying
II approve the Democratic platform not
10 increase The rate Of taxation, and if am
elected Governor, by my vote he rate
shalt not be increased one cent"
Without stopping TO inquire how u
| Governor can vote on the rate of taxa
tion levied by the Legislature (he prob
ably meant he would veto provision for
n higher rate than the present), it be-
comes interesting to Know how Il Legis-
lature leaves a acontract unimpaired when
it refuses to provide means for fulfilling
the obligation of that contract. Major
Daniel is very sure a Legislature cannot
impair the obligation of the contract
made with the Virginia bondholder.
Then he declares most earnestly that so
much of the obligation of the contract as
| calls for six per cent interest ShdHbe inn
paired by the Legislature by refusal to
raise enough money by taxation with
which to pay it. This is indeed Daniel
come to judgment. al thank thee, Jew,
for teaching me that word" He says
Despite all Readjuster legislation the
bond cannot be taken from the creditor
We must get him TO surrender the bond
of his own will" OF course nobody ever
SAHN'ttt w itui tllC DDllu lTOHl OllU tflc
creditors hand, or to rail from it penny
Of what it calls for.
The Bourbon-Funder candidate for
Governor declares that the foolish bond
holder shall keep his bond, unless he will
exchange it for three per cent; but that
if he keeps it Virginia will refuse to tax
her people enough to keep tho obliga-
ton unimpaircd. This is not debt-pay-
ing-it is only dcbt-owing, with pledge
never to pay in full. In short, the
great ConservativeD eDcmocratic-Bo
Funder candidate for Governor of
the Commonwealth of Virginia, Major
John w. Daniel, stands self-accused
of playing q double game, which
may thus be stated: To the credit
ors he stands pledged to pay the
bonds and six per cent coupons as they
stand; to the people Of Virginia he
stands pledged to veto any bill of the
Legislature which will increase the rate
of taxation, and he admits that the pres
ent rate is not sufficient TO make good
his promise to the creditors. Indeed, he
says that the present rate of taxation
would only yield enough to pay three per
cent. and have sinking fund surplus of
$3O0,0O0. Apply that surplus all to infer
est and ii would only pay an additional
one per cent.
How can Major Daniel ride these two
horses? He declares that the creditors
shall have six per cent. interest, unless
they of their own free will allow a reduc-
ton. He declares that the people OF Vir-
ginia shall only raise enough to pay three
per cent, or, ifnoprincipal is provided for,
then four per cent. at the utmost. This
supposes his own calculations to be cor
rect. We deny that the present revenues
will meet three per cent. on the principal,
as enormously stated by him.
The Virginia bondholder never agreed
TO look to West Virginia for third of his
principal but Major Daniel and all his
friends approved the legislation which
impaired the obligation of the contract
to that extent. Consistency, thy name
is not Bourbon-Funder, nor is it John w.
Daniel.
WHAT! shall we have incision? Shall we imbrue7 ?
Then death rock me asleep, abrldgc my doleful
days!
Why, then, let grievous, ghastly, gaping wounds
Untwine the sisters three! Come, Atropos, ! say
Pistol, IN Henry w (Shakspedre).
Ba.ludl ba.ludl Buckets of ba.lud!
Modern Dramatic BurlesQue.
To decline outright is to acknowledge unequivo-
cal cowardicc, and To send a challenge equivalent
10 death on the field Of honor Washington Post on
MGhone,
That settles it. The Post hath declared
any man coward who thinks Jubal
Early cannot insult him, and any man as
good as dead who with Early dares to
fight Can 1t be that Stison is himself
pining for challenge from Malone? :?
Where will this bloodshcd end?
MAJOR BEN: PERLEY lPooRE learns "lhNt every
star route was increased on the recommendations
ofmembers Of Congress, indorsed by postal agents
aud ordered by the Post Office Department In ac-
cordGnce with law Exchange.
And yet the vultures of the press con-
tinue the yell of fraud, fraud, at the beck
and call of such creatures as Gibson,
Kinds, Woodward, and Cook.
THE Post says that Thomas l.. James
threatened TO leave the Cabinet this min
ute if fTyner was not turned out No in
formation has yet been filed by MacVeagh
or any of his subordinOtes against James
for his recorded completely with the
Walsh contract, which they all say was Il
fraud and conspiracy.
The country does not incline toward
much excitement over the approaching
GI.nIn nInnLin,,n L., Nam Nnrl, mud Dnnr,