The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-01-10

I'M NlPbbhnhhNbN HtHA
on this basis, and upon these principles,
proceeded by legal methods to enforce
equity between the State and The creditor
and between all classes Of the creditors.
Il makes the principal In round figures
$50, 900 900, interest three per cent, both
payable In currency. II refuses 10 vislate
The Express terms Of the Constitution Of
the State by expmpting this class Of prop.
erty from the common burden. II rests
the whole obligation upon the good faith
Of the people, the highest pledge q sover.
eign State can offer and ought 10 give.
Had the bill, passed bV the Legislature,
been approved by the Governor, II was 10
have heen submitted to the people
for ratification, 80 that 1t should lack no
sanction to give " validity aud tinality.
But the Governor vetoed the measure
aud il fell temporarily. Yet IL EN-.
bodies, as the R~eadjnsterB believe,
the will and wishes Of our
people US to the debt, and the only prAc.
tical scheme Of read istnent which deals
eunitably with all The creditors, resCues
themftom the clutch Of the brokers and
~lnsufes the inlegtity Of the obligation
he regular payment oil interest the
proper value Il the security, and the
hearty recognition Of the oblignr. ut iB
to the property Of the citizen and not 10
the demand Of the creditor oil the State
that the original faith OF society Is pledg.
ed. The claim Of the citizen lie prior ii
time, 70 amount In title, superior In
equity" 50 believing, the keadjustefB
stand firmly by The RtddItbsrget bill, and
expect to make II the successful solution
Of this vexed question,
III fixing the principal debt OF Virginia
al $40 B65 176, 1t is obvious that about Sl3,.
600 OOO Of the principal which the MUUul.
Iucn bill sought 10 faBten upon us has
been elimina cd but II iB equally obvious
that no such principal as S33,25s 600 can
be Justly claimed agAinst this State, How,
then, Is that enormous amount Greater
than the whole debt Of undivided VII.
glnia) made up2 BY
%cAPirALiziNa SMILE AND COMPOUND IN.
TRREsT
which accrued during the period Of war
and reconstruction. We not only object
to this usutiOus and oppressive mode Of
accumulation sgainst us but we per.
emptotily reject the whole claim for any
interest at oil for The period indicated.
We might rest our right to do this simply
upon the plea Of necesslty-the public
exissncy; that war and The quasi conduct
Of war under military rule actually de.
pfived Us Of all ability to meet the IL.
%tetest, that our present circumstances i'm.
peralively demand the statement he.
sides, we made tender within our ability.
The greater potion OF our interest was
payable In Richmond, and We offered ID
pay that In Virginia Treasury notes (al.
ways at q premium over Cor iedetatt
money!, but they were refused, although
our soldiers we're paid OF In such, or in'
iefior money, and impressed supplies ioi
the Amy aud government we're paid FOL
in IRE same funds. The i~ntareal on thai
portion oithe debt held abroad was also
rendered in tobaCco and Cotton to thu
British and Austrian Oohauls at Rich
mohd, but, on Cnnsultstion with theii
Ministers Of Washington, II waa declined
lest II might no considered offensive b.
the Federal Government, although thu