Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-06-09
A GOOD slgn.

Messrs. JOHN A. HAABLEToN q
Co.. of Baltimore, have much TO answer
Cor to The bondholders whom they have
week after week for years been assuring
that the State Of Virginia will be
- compelled "st some day" once
more TO receive "the coupons" lat
their face value for taxes" How
many, many times has this assurance
been given to the English bondholders,
only TO be con.ssdicted by the event?
Again and again has the Supreme Court
of The United States been represented
as having declared null and void
all anti-coupon legislation. and yet
Messrs. JOHN A. HAMBLEroN l.
Co. were last week obliged to quote
those valuable coupons as follows {:
"Consol coupons, new, are steady
at about AZ, and consol coupons,
old, and 1910 coupons at about
52i." II would seem that there was
presented In those figures good oppor-
tunity to speculate, which would be
utilized by capitalists who credit the
lattering tales told by Messrs. HAM
BLEToN & Co. How is II that cou-
pons sell at less than so per cent. Of
their face value if the State is to be
compelled at some day once more to
receive coupons at their face value for
taxes ~ Why did Mr.. RoYALL 60
to England TO confer with his clients if
all is such smooth sailing before the
bondholders' vessel?
But what is the "good sign" Of
which our heading speaks? tits found
in the following from the circular Of
the Messrs. HAMBLEToN. They say:
"The Virginia people seem to have
more faith in Riddle bonds than
any one else--our people won't touch
them at any price--and most Of the
orders TO buy come from Richmond"
Certainly the Virginia people ought
10 know whether the RIDDLE bonds
are better investment than the con-
soils or ten-forties. In the circular be-
fore us the consols, which bear 6 per
cent. interest, arc quoted at SO to SO;
whilst RIDDLES, which bear only 3
per cent. interest. are quoted at 52i.
How is that? How is it that al the
Boosting and Dragging and threaten
ings Of the bondholders and their agents
are contrsdicted by the figures at which
the several classes Of bonds sell?
There is question Of right and
wrong involved in all the coupon caAes
besides the question Of right and wrong
SO much dwclt upon by the bondhold-
ers. The Constitution Of the United
States prohibits any State from being
sued IS Virginia has been sued. yir-
ginia is no longer State if she can
be hitched to the triumphal chariot
Of the Federal Government by
BOND, HUGHES, MATTHEWS, or
any other Federal judge. The peo-
pie Of England in HAMPDEN's day
refused to allow their rights to be taken
away. JOHN HAMpDEN himself re-
fused to pay wrongful tax, not
because the amount Of il was SO great,
but because ne was not willing to pay
any such tax as the one levied upon
him. So the people Of Virginia have
come to the conclusion to have settled
first Of all the question Of the right Of
the Supreme Court Of the United
States, OF any other court, to
usurp jurisdiction in such cases
IS those which have so recently
been wrongally entertained and de-
cided by Mr.. Justice MATTHEWS and
his four confederates against the solemn
and dignifed and unanswerable protest
Of Chiei-Justice WAITE and the Other
three Justices dissenting in those cases.
The Legislature Of Virginia has not ex-
hausted its remedies. If at once you
don't succeed, try, try again." is the
motto Of that body. And it has the
people at its back. We commend to
the serious attention Of the bondholders
the letter Of Judge LyBRooK which
We published two days ago. Hespeaks
for not few voters when he warns the
bondholders that II they persist in an
moving the Commonwealth of Virginia
they may have TO do worse than accept
tbs RIDpLsBERoER settlement.
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The Nashville American, after say
A. a. - - A