Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1886-04-09

dCGCJ ITO UuO CuCCCoSl III ucU tUcI VI AtuOlls
| can affairs in the futnr,.
The three or four newspapers 10 Vlr-
ginia engaged in discussing compromise
| of the State debt, are wasting theiIf lime.
The newspa pers have settled the debt
before, but the people did not recognize
: the settlement. They have recognised and
| will recognise but one settlemeDt-tht
Riddleberger. The debt has already beer
''compromised" once the McCulloch N
was compromise. and one that it was
said the creditors would accept. Neither
the creditors nor the people accepted it
the former frightened at the opposition to
it did but little funding, ard the latter
repudiated it as soon as they could gel a
legislature together to do it. Any CON-
promise offered by the creditors. viii b
called for more than the Riddleberge,
settlement allows, would again be repud.
ated by the people when they elect q
legislature. If the idea is to create some
sort of a public sentiment which might
give encouragement to a called session If
OiiC pieoOHo -olhUolO w dotpV d COu-
promise with the creditors, it will be
more disastrous in success than it's pro-
motors imagine. Such action would raise
storm in Virginia politics that no eei
lative boat could survive. 1t would be-
writing of the situation as it exists nnw-
clear betrayal of the trust reposed IN it
by the people when they elected 1t last
November, and would be so treated by
them. Any such compromise would be
repudiated. and those who abetted 1t
would be signally repudiated.
IL cannot escape notice that the only
people in Virginia now, who are worried
by the debt question. are those who want
it paid-the creditors and the compromis-
ers. Those who want the Riddleberger
settlement show no anxiety. They well
understand the situation, and 10 talk
about resistance to the United States gov
eminent can confuse or divert them. They
know very well that Virginia is not, and
cannot be, in opposition to the National
Government aay more than any other de-
| PENDANT in a suit before the United States
SOulbs uCy hBOW buaU llSluld
, is no more opposing the Federal authority
than ] ohm Smith who, as defendant IN a
suit in that court, is trying to save cert ain
| riparian rights against the claim of John
| Jones Virginia is simply at lava stu
alton not novel to most Vlrginians-and
her people know it. They also know that
the State is at law with an important
| decision OF the q. S. Supreme Court in
her favor-that of worrying her coupon
creditors by legal proceedings aud delay 8
ard difficulties, until she can make the
collection of the coupons so annoying
and expensive that the owners will be
willing to accept the equitable settlement
of them offered in funding In the Riddle
berger bill. With that decision in
the State 8 favor. they look to their execu-
! tive Ulcers, their law officers. and every
officer whose duties rub him against the
| creditors and their coupons. to take every
step that can be taken under the wing of
that Supreme Court, to increase and make
more effectual this worrying process.
| They want all "the laws deIays' taken
| advantage of Tor the State. The true
! feeling of the people of Virginia towards
| the debt question was we'll illustrated by
| their. legislature which adjourned last
no onth, when it was unt xpt ctedly bonn
barded at one and the same time by three
distinguished Virginians with PROPOSE
ton TO appoint a com ission to coulter
| with the creditors, or give them informa-
t1on about our financial ability, or some
thing of thatasort. The proposition was
laid on the table without a word. The
situation is plain and unmistakabie; the
creditors want their coupons paid IN full,
the State says not one of them shall be
paid its full value, third of it's value Or
any of It's value unless it is either funded
under the Riddleberger bill or proved
genuine in the mode required by it. There
they stand, and tournament is progress 8.
Ing between the bohdhoiders with counsel
Royal at their head, and the Vfrginlans
with Auditor Marye az their. head The
trumpet blowing, the challenge, the state
menu of'the merits of the easeat issue, all,
preceded this, and come too late now,
There is neither the time,,abhe place, nor
the deslrs for compromise. Very great
satisfaction is felt among the people of
the State, that the cause of Virginia at
this interesting period IS in the hands of
men who are thoroughly in earnest in be-
bali of the Riddleberger bill; that from
the Governor down to the County Treas
urers, the State officers. the State courts
all are in hearty accord in defending the
cause OF the State and her LEGAL rIgut to
control her own tax cIllee5lons.
There is a reason-in the opinion OF
many who regret that the reason exists
Why it would be best if the creditors con-
sented to the Riddlebsrger bill. This
reason is recognised by some who fought
tenaciously for the rights Of the creditors
as long as there was hope that settlef
n.eEt to their liking could be gotten. II
Is not perhaps very creditable to the
State, but nevertheless it exists, and that
reason IS that if this war is kept up much
longer on the State. the principal OF the
bonds stands poor chance of being paid.
The people of Virginia are 6xed in their
not to pay more than the
Riddleberger bill demands; to that they
may be pushed to add the determination
to pay less.
While we will cheerfully give room for |
License OF si-lieeuse in the VINDICAToR,
the advocates 10 ust not expect Maj New
toms space this morning TO be prece |