Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1884-06-27
Is IL Settled ?

u6UL vi ' IL Sluin 10 SONIANN
ing to the terms of the "RiddleDer-
ger bill"
We heartily wish this were true.
But it is not. Everything that
legal ingenuity could devise to de-
feat that settlement and deceive
the people was enacted into law
last winter.
There could be no settlement
until the taxreceivable feature OF
the coupon was destroyed.
To do this, coupon Killers, Nos.
one and two, as they are generally
called, were prepared and passed.
These we're required to pass the
ordeal of the courts, and so certain
was funderism of their overthrow
that their Attorneys asked the
Supreme Court of the United States
TO advance and hear the cases car
ried up.
To their amazement only one
Judge of nine agreed with them.
Then they held a convention and
passed resolutions of acquies-
cence.
Next their legislature met and
endearOred to do more than had
been done by the "Riddleberger
bill"
They passed what is now known
as the license act.
This has gone to United States
Court, and Judge Hughes has de-
cided that it operates a repeal OF
the coupon killers, and all men
who deal with the state to the
amount of $500, or over, can pay
in coupons. Under this sum the
q. S. courts have no jurisdiction.
Therefore it is that the railroad
companies, all corporations, and
the few very rich people of Virgil
MIA can pay their taxes in coupons,
and all persons who pay smaller
sums than $500, must pay in
money or have a law suit through
a county circuit and State Court OF
Appeals.
Practically the coupon killers
are killed, and the "Council of
Foreign Bond Holders" have re-
solved to go forward with the work
of unsettling.
Bourbonism just begins to see
what its legislature did. They
are crying for an extra session on
the plea that it is necessary to per-
feet an electoral bill. They really
want to appear to retrieve their
blunder, their mistake, which un'
der all the circumstances is worse
than a crime.
When they have undone theiI
mischief, they must reenact their
coupon killers. When this is done,
the same litigation is to be gone
through with.
Years elapse and the people tire
of the annoyance and agitation
Such is the hope of the "COunciI
of Foreign Bond Holders and theiI
Attorneys.
The debt question was settled III
1851. 1t was approved by every
court. state and federal. 1t is now
unsettled by an act which was in
tended to make the people believe
the promise of the Bourbon Lynch
burg convention.
But the case does not stop here
That legislature really meant to dc
what they did. They wanted the
last vestige of the "Riddlebergel
bill' wiped out. To do this thu
bonds must be taken off the mar
ket, and they passed los bills al
lowing defaulting treasurers ant
collectors to buy these bonds a
their market value and pay then
into the State treasurer at thei
face value for money they COLLECTED
from taxpayers. The bonds Of
which the people pay the loves
rate of interest are taken from dc
faulters and the six per cent cor
sol and Mccullough bonds are lef
outstanding.
What is the effect, and what tn
result?
"A premium is offered publ
officers to default. These bills II
late back over period of year
and cover defaults of the mos
lOud-wOuthed debt payers in VII
ginia, ut would be interesting t
publish a list of them) and thong
the readjusters left one ana a ha
millions in the treasury, it now al
pears that but a fraction above ha
this sum is on hand and receipts
the capital indicate that bourbon
ism proposes to profit by it's legi
lation-withholding the money th
people pay, and selling hereaft'
with bonds.
How long will men be frightene
by the cry of "nigger" when IL
man who cries it has one hand
the pocket of u taxpayer