Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1885-04-24
What They Say In Richmond.

The Supreme Court decision III
the case of the bondholders against
Virginia is the allengrOssing topic
of discussion throughout the State.
Richmond is in the liyeliest posi-
BILE excitement. We reproduce
comments of the Richmond papers.
The Wing says editorially:
"What will you do with it,
Messrs. Bourbon. Fundersi We al.
Jude to the coupon. See how it
rises to confrontyou Will it, Town
at your biddingf
A" All, you have raised the devil,
aud you do not know what to do
about it. Thecoupons, the schools,
and the reduced taxes are incOm-
patibles that will surely rend each
other and destroy the men who
have again brought them into fierce
collision n
Elsewhere the Wing says:
Yesterday was a day OF excite
ment among men of every class. 1t
was announced early in the morn.
ing that the United States Supreme
Court would during the day deliver
its opinion in the several cases be.
fore it, which had been recently
argued by some of the noted law
yers of the Union, and consequent
" every one was on the qui rire for
the first news. Soon after O'Clock
it was whispered up and down the
street that Mr.. w. L. Royal, cOun.
sci for the bondholders, had won
all of his cases, and that the State
was "done for" as some patriot
observed.
"This news spread rapidly, and
did not tend to allay the excitement
on the street. Bankers, brokers,
and lawyers were gathered in the
sunshine talking over the state OF
things, and the then Treasurer OF
the State came down town and
gathered what information he
could. He remarked that the
Board of Sinking Fund Com
missioners had refused to buy
100000 of Riddleberger bonds
yesterday, and seemed TO bepleased
that the State had not entirely
emptied her Golfers before this de-
oision against the new funding
bills had been rendered.
GA reporter interviewed a num-
Der of businessmen in regard to
the result OF the decisions, but they
declared that it was impossible to
foretell what would be done.
Correspondents OF the North.
ern press were busily engaged IN
getting the opinion Of business
men and politicians until a late
hour last night in answer to the
demands of interested parties in
that section.
The Dispatch says with much
significance;
awe agree with The State that
there is no party in Virginia which
will endeayOr to COMPEL her to
pay more of her debt than the
R'ddleberger bill provides for pay
ing.
The State of Tuesday contents
itself with a publication of the
effect on Virginia securities as
follows:
"The decision of the Supreme
Court OF the United States in the
Virginia coupon cases has greatly
affected Virginia securities. New
coupons that could have been
bought at 81 IL a week ago could
not be purchased for less than 81 IA
to-day. Consol bonds u week ago
were sold at AZ, but to-day there
we're sales at 80. To-day
1910 bonds were quoted at AZ.
Before the decision of the Supreme
Court they were rated at 80. On
Saturday sales Of new Ss were
made at SO Is. To-day they were
quoted Al IL bid, 80 II asked".
The Washington and Baltimore
papers are frsighted with comment
upon the subject, and the New
York papers evince deep interest
in view Of the decision as one Of
grave Importance, especially in
view of the almost equal division
of the court-flve to four, and Of
the fact that the minority of the
court which favored the side Of
the State, embraced the able 81
lawyers on the bench, including
the Chief.Justice.