Daily Republican., 1883-11-14
ResAisss@r auA sssayben.

BesAjssser aHA tssaSben.
The whole Of the Democratic press
and q large part Of the Republican
press of the country, we're outspoken IN
opposition to Malone aud the Read jus.
ters in the late Virginia campaign which
has ended disastrously for the Read us
ters In perfect accord with the wishes Of
those papers. The election is over and
Malone is badly defeated. What next ?
Will the Bourbons be any more honest
in paying the whole debt of Virginia
than the Readjnsters were? The north
ern press offered as An excuse for its op.
position D Malone and his measures
that he and his party we're dishonest
because they scaled one-third the debt
of the State. There may have been
some sincerity mixed with the opposi-
ton, but We apprehend that the result 8
will show that the leading desire was
" anything to beat Malone" that the
offices of the State might be filled with
the Bourbons who for several years had
been left severely out in the cold.
Now that there has been such sig
nal Bourbon triumph iu Virginia, and
that t, iumph having been in the inter.
ests of honesty, decency and good gov
eminent, we should begin to have the
good results reflected even in advance
of the meeting of the new Legislature
from which SO much is expected. Now,
shouts Mr.. WaJterson Of the Louisville
Courier, shall VT zee the victorious party
proceed to wipe out every stain of repu.
diation SO ANONYMOUSLY fastened upon
the State by the Readjusters. Well,
what evidence have we that the tinan-
cial public have the same confidence
that Mr.. Wattorson has? The first evi
dences Of the returning honesty predict.
cd sure to come should be looked for iE
the vibrations of Virginia obligations
in the stock market. Only on Monday
Virginia skies were quoted at thirty six
while Missouri skies found ready sale
at par. This indicates that the faith in
the Bourbon triumph that causes so
much rejoicing amongst the self-reputed
advocates of financial honesty, is not
shared by those who make business OF
bulling and bearing stocks and know a
good thing when they see it. In spite
of the so-called great moral triumph OF
honesty, Virginia bonds doggeily re-
main at the same figures. 1t is re-
markably strange that anything else
should have been expected.
To look at the matter plainly and in
true light, what, We ask, could have
been expected under the circumstan-
ces? Admitting that the Read listers
did repudiate one third of the debt, for
the very good reason that it properly
belonged to West Virginia, have the
Funders, or more properly the Bour
bons, shown any more disposition to
pay it? They were in possession of the
State Government long enough to have
shown some disposition to pay those
debts, which are claimed to be honest,
but did they ever do il? They admit
ted the obligations, but with State
teemjng with mineral resources and
abounding in agricultural wealth, they
failed to levy and collect taxes enough
to pay even the interest on their debt.
They did even worse than that. With
sacriligiouS hands they seized q portion
Of the fund set aside for the education
Of the children Of the Safe, and applied
it to the running expenses in order that
the Bourbons, fat in power and place,
al least might get their annual stipend,
no matter what b'came OF the State
debt. They were profuse in promises
to pay. but something else is requlr Il
han promises to pay debts.
Under these circumstances the Read
justers came into power. They did
what they promised to do. They ascer.
tanned what part of the debt Virginia
honestly owed, and set about paying
both the interest and the principal of
that deb:, Leaving the balance one
lhird-for West Virginia to pay becaush
il was her sL+ce Of the debt, This is the
len 9Th, the heighth and the width of the
population Of which Malone and his
party have been guilty. The Supreme
Court has recognized favOrably the aC.
ton Of the Rcad.usters, and at last the
hourhons who lived on wind and prom
ICES, at their late State Convention ac
uite5ced in thu aet''pment. What nom
sense it is to .ir,t a4cA u va"illafinR
party 10 at Jnrstv No wonder IArrr
is no tayU.a,u" vibrations in Virginia
securities If Malone and his followers
are repudiators who have been honestly
paying the interest and part ofthe prn-
cipal on two thirds of the States deh.,
what are the Bourbons who neither pay
one nor the other ?