Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1884-08-13
VIRGINIA NEWS.

The Temperance societies in Norfolk last
night resolved not to support st. John Tor
President and declared in favor of Cleve
land and Hendricks.
DR.. }. +. Bryant, of Southampton county,
ha. been nominated by the democrats to fill
the vacancy in the State Senate from the
Thirty second district.
Hon. John Goode addressed large
audience of the sovereigns at Flncaste
Yesterday. The court house was packed
and throughout speech of tw" hours he
held the sleadl;lst attention Of his hearers.
The working force in the Norfolk and
Western Railroad Compauy's shops at Nor
folk has been reduced to few machinlsts
and carpenters, sufficient only to do the
necessary work of repairs to the running
stock.
DR.. John w. Craddock, who was thrown
from his buggy several days ago, died from
hi. injuries. on Monday, near his residence
ut Black Walnut, Halifax county. lie was
Il distinguished physician, useful CITIZEN
and Il prominent member of the Baptist
Church.
4 large mass meeting of the democratic
party was held in Fredericksburg last
nii.ht and delegates elected to the demo
cratic convention to be held at Iappahan-
mock on the 9th to nominate candidate
for Congress from the First Congressional
District.
The STATE DEBT.-It was the purpose OF
the RitidIcherger debt settlement, rs it has
been generally understood, that no coupon
maturing after July |, 1882, should be fund
ed. In ether words, it was intended that
all coupons maturing after that date should
ne rep,ldiated. Judge Hughes, in an opin-
ion delivered yesterday, concurred in by
Judge Bond, holds that ali coupons matur-
ing after July =, 1882, can be funded at par
in new threc's bearing per cent. interest.
They hold that this is the proper construc-
inn Of The Riddebcrger debt settlement act
This will make the principal of the debt
some tiGiy five millions of dollars bearing 3
per cent interest.
The court in its decision says: ''The only
question to he determined is whether the
cousol coupons which have fallen due since
july 1852. are to be funded dollar for dol
lar rs the coupons are which fell due before
that date They certainly should be fund
ed on the same terms, if the paragraph OF
tue Riddeberger act, which has been quoted,
50 declares in unambiguous language. ln
itself the language is not ambiguous. 1t
assumes that funding at any time 10 the III
lure. In no section or clause does the act
set a limit to the time within which the
holders of bonds aud coupons of interest
must fund them. The Legislature could
not have supposed that the funding would
all be promptly done shortly after July J.,
1882. It's requirement that the new bonds
shonld all be dated GU that day did not
80, impiy that the funding should all be
e' >uertly afterwards, for it is the gen
done ii for the government to provide
eral custo >iany certain class or descrlp-
that bonds The same date As the
ss 9n d GS' al "S did ,o mot 1 na Gons
provide that the funding 9ioced no limit
about that time. The act !! It ulain-
in anv section of it to this time. lit be
" contemplated that funding mlk. %
done at any future time, and no one se;tps sil .
tends that it may not continue indehniie O..
until it is put an end to by some future 'es
slation." .o, al
1t is claimed that the law as lnterpre.eu
by this decision applies equally 10 co'''o''
and 10 40 coupons.