Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1882-08-19
The Chattanooga Times on the Louisville
couFJer-JoDrBdL

fhs Chattanooga IH1eS on me L0uISKlHe
co1Her-JogrHdL
Without approving the forcible
utterances, we copy the following,
otherwise sound article from the
Chattanooga Times:
"The COurier-Jodrnal would
dearly love TO see the creditors OF
the State of Tennessee get one hun
dred cents on the dollar, but that
proposed settlement having failed,
the Courier-Journal is i'm favor of
settling the question in the next
most favorable mode for the credit
ors, and the one which is evidently
likely to be adopted, viz: The
payment in full of the Capitol and
Hermitage bonds and the State
proper with accrued interest, and
One-half the principal and accrued
interest of the balance AT 3 per cent.
interest-a settlement which will
give the creditors $750,000 more
than the 60-3-4-5-6 settlement pro-
posed by the opposition
There are two bold, bad false
hoods in this, or else the skip-iack
has even less sense than we gave it
credit for. "a A settlement at the
face of the bonds and half the agreed
rate of interest Is not a settlement
in full. In fact it is not in the long
run, any more favorable to the
bondholders than the 6O-3-4-5-G.
Therefore either the skip-jack needs
to learn the common rules of arith-
metic, or it deliberately attempts to
deceive. (2) The skip-jack knows,
II ii knows anything--which may
fairly be questioned-that no settle
ment was intended by the trainers
of the Bate Readjuster platform. 1t
knows that not five per cent. of
those who adopted that platform
pretend to be bound at all by the
terms of settlement il proposes
that no two of its thousand and one
Interpreters agree as to what il
means ; that "A debate of an acrimO-
nious character has sprung up in
the Read djuster camp whether or
not the resolution agreed to pay or
repudiate several millions of "war
interest" Any man who has sense
enough to keep him out of the fire
knows that men who first put sew
eral millions out of the debt, and
then upon being assured by states
man (?) Marks that the reputation
would cost them 1900 votes, delib-
erately pitchforked il in again, did
not and do not intend, upon any
such schedule, to reach settle
ment. Any man with sense enough
to negotiate note or foot up a bill
of three small items would. feel him-
self everlastingly disgraced should
he be led into triiling with his per-
sonal credit as the Readjusters are
trifling with the honor oftheir State
and the interests of its creditors.
The skip-jack-which has be-
come the mouth-piece of the Read
justers and is furnishing texts for
the repudiators Of the Dave Wallace
school-asserts that the ReadjusteF
plan is $3.50, 900 better for Tennes-
sees creditors than 60-3-4-5-6. We
want the skip=jack's allies in Ten,
nessee, who have been swearing IL
was two or three million dollars
better for the State than 60-3-4-5-6,
to put the skip-jack's figures in
their pipes. Gen. Bate should con-
slider the skip-jack's assertion and
refer his figures back to the Nash
vile expert (?) who furnished them,
for revision. He showed that the
Readjuster plan would come ta
some two millions less for the peo-
pie to pay than the 6O-3-4-5-6, that
Is he showed this from the figures
furnished him by one of the owners
oF fI,a Nashville Wnrl1 hia OrUuu
In this connection we may prop
erly call the attention Of the solemn
Vertrees to the dire confusion his
Readjuster party il getting in on
the thing they call 1.-THE PLATFORM
and to urge him to call sort Of
ecumenical council to set in solemn
conclaye and determine what the
deep, dark and peculiar document
means. Either the resolutions
themselves are a series Of verbal
thimble-rigs, or else their pretended
friends are trying to "darken coun-
sci without knowledge" and throw
dust i'm the eyes of the people.
Presently, so far from scratching
the platform, being the short cut
of getting rid of il, each fellow will
have platform of his own, just as
the skip-jack has its. Bring on the
next Interpretation, and let il be by
the bishops and elders of the Read
juster congregation. We want ~
know what a majority of the digni-
taries think their so-called epuncia-
ton Of principles and policies sig
Nifty.