New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-13

ment as It was before its mutIlatcn by the Democ'I
party believing that 1t fills the measure Oh Ju'''''
equity.
THE RECENT SUPREME coU:.T DECisIoH.
The divided opinions delivered by the Supreme Court OF
the United States since tho preparation OF tue
paper make this addenduIa neccs 'ary to proper uu
standing of the present status of the debt question IN
Virginia The Rlddlcberger law, originally enaeteu'
is merely refundng II asccrtains tue .roe
Indebtedness and fixes the proportion OF Ine sn
each class OF obligation Heretofore assumed 70
OF the Virginia that now Is are proposed 70 De nor
sense or relation was this law before the Oo AZ
of the taxrceeiyable coupon aud the deEiss
tive and official acts that arc nii.so ct
Which PyhSG aS that t1 Se court DEALT These
acts conspicuous of which are referred 10 III
cevabiity Of the coupon which were passed by the
Democratic party in the late legislature we peetH
result in Irritating public sentiment exciting iase
hopes inspiring more aggressive 1 the aet of
Assembly commonly called by It's opponenIhs, ,%o AZ"
cison Of the Court in analogous case: Inc enort
to conform all our legislation to the law as eStD
lished by the highest court IN the country no s ~ tse
State of Tennessee 20 prevent the intereepton baSo
revenues by the notes OF inc BANK OF here
The Supreme Court OF the United states T
see VS.. snead decided the october term, 1s77 99
u. S. Rep, D. co. More recently October term Io9d
" Of the act Virginia January Ia 1882 Is sustained
the act called by enemies Coupon Killer NO ~; inc
court, through the ChefJustice, refers 70 INC "
the Tennessee case, and says: $1,000 o.
ave might have satisfied ourselves by reference 70
the OF Tennessee vs. Snead ubi supra Wnere tuo
same general question was before us; put as VIZ WIZ
asked reconsider that case we have done So VIVID oe
result. and, as We think, without IN any ni,o
departing the long line Of cases in which the pr
cipe involved has been recognized and apphea; A. 90
The decision, in conclusion, says OF our not
January IA 1882 Inasmuch as are satisfied that
remedy is given by the act OF 1882 we
have not deemed 1t necessary to consider what ~ou "
the effect Of statute taking away all remeales o.oto
This positive reairnance OF the right OF Stnte
10 change or prescribe the adequate process oy t
only of ours Ito which objection now appears ny te Iaoo
decision being at variance with the decision IN ne
legislation of the Democratic party, that tuo
Court, In its recent decision touches our
ponents Coupon Killer No stood the ordeal OF con-
shtutiOnal trial before this Court In the case Oh
VS.. Greenhow, and as before stated declared Van
only two justices dissenting, as IL had been 10y tno
preine Court OF Virginia The subsequent leglstlV W
pronounced unconstitutional by the late decision. Inns
act january a. 1922 and the Rddleberger debt law
making square proposition for the settlement Of the
actual debt and the other requiring no more tha uH
rendered in payment OF taxes. debts dues ana dennus
OF the State shall be established as may be laWluJ III
Quired Of any such claim against cre.iitOr'
Our debt settlement will proceed by consVtullonini
methods II the Republicans have the power, aud we go
1882 to the present opinion of the SUI RENE Court WIN
out impairing its efficacy for the purI ose IL was
TO accom- sh Ii has been the idle, lpcOnsdefae, au
vindlctve meddling through petty i-consldercd, ~
conceived and petuant measures OF the Democlaidc g
Iary i'm the late Legislature that has arrested the quiet
and orderly settlement OF the whole matter OF tne
on the basis of the RddleDerger law TO the great uel
the peace OF the people and against the ultimate
interest OF the creditor The confusion ana msappre-
tension the fears and false hopes and tue preudces
which have thus been created, prOit only attorney -
brokers' and spectators The bona hde holder oil VIZ
gnia bonds outside of the Rddleberger law Will sooner
or later realize that he is better off, and that atef a
his best interests 20 be subserved by reiundg uhdc
that law. - -
The people OF Virginia, and likewise the creditor nave
abundant To tear the custody and treatment Oh
this question by the Democratic party OF the state Ihe
have only 10 adhere 10 the Riddeberger set eent anu
elect administer their public affairs who honestly
believe it, and have the TO carry II out anu All
will be WELL both Tor state and creditor