Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1884-03-30
How We Can Settle Up and Please
Everybody but the New
York Syndicate.
That Tax Commission and the
Celebrated Dual Role Of a
Prominent Member.
New Facts and Suggestions Shot
from a Venerable but Well
Loaded Gun
Special 10 the RcgISter.

you day or two since that eX-Copgres3-
man Faulkner the venerable but sprightly
statesman from Berkeley, was here perfect
ing plan to absorb the fifteen millions OF
deferred certificates isrued by Virginia
under the title OF West Virginia certificates
and to thus protect our state against annoy
ance from Jim Mason and his syndicate.
In conversation with the sX-Congressm an
Yesterday he gave me his views in brief on
this subject, in connection with some inter
esting Information ss to- the refunding
methods adopted by the Old state. The
latter was referred to in connection with
a recent visit to Richmond by Mr.. Faulkner
for the purpose Of funding under what is
known as the "Ri2dleberger BILL Virginia
bonds owned b. him, and | asked him
whether the result lad been satisfactory.
1T would" he said "be going very far
TO say that my settlement with Virginia
was satisfactory to me. have acquiesced
in it, as every creditor must now do who
deals with State, against which he has
neither remedy nor redress. l delivered
in TO the hands Of the Auditor OF Virginia
go GOO six per cent securities and / receiy-
ed in exchange for them $4,000 OF three
per cent bonds, worth in the markets Sl4,-
OCO; loss OF So, 900 on a debt OF 100000
Such is the Riddleberger bill, and such are
the terms upon which Virginia settles
with ner creditors,
What induced you to make such sacri-
fice?'
L had no alternative. was treated no
worse thar other creditors Nine were tue
old original bonds, the State paid to me
thirty wears ago, and which ! had never
funded under any OF the various plans
adopted BY that State. ! was awaiting the
auspicious moment when the Democratic
party would be IN full power, when | ex.
peCted the honor 8nd good faith OF Eir-
g.p;a would be fully Wind Gated. Bat
when the Democratic Convention assem-
bl.d in Lynchburg last July and unequiy-
lCs!lv pledge the Democracy of that State
70 abide by and enforce the financial pol
icy and measures OF this read usting party,
saw there was no further motive for de-
lay. yielded to tie ris D,GJor, and ! snr-
rel defed with my party friends in Viz
gina TO the irresistible
Force of Surrounding Circumstances.
How did they reach the result which
you mention"
They first struck of 5000 as the al
legged share OF, West Virginias liability.
They then struck off il2, 100 upon some
unintel!igible jargon, which / could only
interpret as meaning that 1t was not con-
veLient to pay it, and they delivered me
-, coo three per cent. bonds, eq ual In the
market 10 81 900
Il see you we're il Richmond during the
lste session Of the Virginia Legislature,
Nss there q determination manifested 10
carry out the Read listers financial policy
Most decidedly and even 70 80 beyond
Il .r predecessors in the enforcement Oh
10 you think the conduct Of Virginia
% her creditors IN accordance with the
a., or and good faith of the State
II bave no opinion 10 express on that
scint. The social and political condition
Of Virginia was very embarrassing. They
ppsd a social and political necessity for
their action. and so far as am concerned
they have my eIpt in full, and am dis
d;spc sed 10 let the matter rest the'e.
DO YOU think it the duty Of West Nir
ginia to have a settlement Of her portion
OF the public debt OF Virginia
l. think it her imperative duty 70 deter.
mine for b, Tsflf what portion OF that deot
4 i nY0DPT
the NECESSARY provisions for It's liquidation.
such a step il 7, quirtd both BY her terest
and honor. She Will rest under clou1
upril some definite s3d decisive sctlon Is
fsfen, end her material interests will con
t!nue to be greatly pr"judiosd.
Mr.. Mason's Plan Of Settlement
Nevertheless, / uHderstsnd You are op-
posed to Mr.. Mason scheme for the setde-
ment Of that debt
~ en- decidedly opposed 20 bis plan Of
settlement. Ism opposed to any aroi'ra,
ton On the subject between Virginia and
West Virginia. or between the New ork
syndicate representing the certificate hold:
RS End West Virginia; or to the STATE OF
Virginia lending her name TO the New
Eofk SYNDICATE for suit II the Supreme
{ ourt Of The United States against west
V,,.inia: or 10 a compromise Of any KIND
yitb the holders Of the deferred ceEtlh-
cs,es- / think West Virginia is 10 condi
non TO determine for herself, inoependent
of all other influences and powers, what
would be fair proportion oil her Ilaoliity
Tor that debt and that she nesd only cIn
suIt her own interest abd honor In Ihe ae
termination Of the question
WHY. can't she be Sued By Virgins IN
the supreme Court Of the United States for
a settlement?
That ues our only point Of danger
-Hsd Mr. Mason succeeded in carrying ms
bill through the general assembly OF VIZ
giria, he would have been master OF the
situaiIsp, and We should have been al tue
mercy of the syndicate representing mill
iors of the deferred certificates Iney
might have made fair and liberal prom
is.s. Bot with Virginia az sn silly and VITO
The pouer of the Supreme Court oi the
United States at their call. they VonIa
have held Us in Q very uneasy Posihon. !as
great importance which / sts,ea 70 tne
s;ensl defeat of bis bill ia the Legislature
nj VIRGINS, 10 the conclusive evidence
which IL gives me that virzinia SiLI nos
IsnS her psme to the certificate holders 70
annoy us by the prosecution OF o snlt IN
tbs Supysue Court This fact vas eoneiu.
siysIy and deeisivsiy demonstrated ths ast
vinter. Every effoIt vas made TO enlist
| yirrinia in tbeir interests; she was ap-
ptsIed 70 upon the most piausto.e ues'
af bsr interest and duty; she vas vas prom.
issd a fe,ease Of all liability beyond Hnat
nnight BE- recovered from West Virgins:
/ bvs she hiss turned q stern ana dsteminen
: Ssnisl 20 their petition, sud inhmatSd =
. ,,,ougsy ss The aim st unanimous senIl
y ,nent al both b-s-rhss ut TIE ies'siaia!s
/ ,nnI3 40 that she could - pc plrty
J .yT E,eh e.ptroS-,v. nnS isnJ Fer 80 ns Z
| - =, 4 U,-yz.in Wit ,i-s "a 'hT