Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1886-08-20
THE DEBT SETTLEMENT FINAL.
IFrom Tho Richmond state1


and political alike, which we arc
now called upon 10 observe is the
utter loss Of memory on one single
subject, and no other, from which
o few, and very few, persons in
Virginia are suffering. Although
these persons lived boo ths state
during ,he long and bitter conflict
over tho debt question. they seem
to have no remembrance whats0cy-
cr of the details OF That S,uggle.-
They talk nationally ON ali other
subjects, bat concerning Che pro
gress OF the debit contest their
minds are blank. This and this
alone can account for their desire
20 plunge the people once more i'm
TO hopeless contention, hopeless
alike 10 creditors and 10 people
to all save the plonder seeking
leaders OF tho Republican party of
Virginia.
We base This declaration upon 30
idle fears. but upon the unmistak-
able teachings of Che past. In CAM
paigns Of the past In campaign
after campaign 1t has been shown
that the people will not consent TO
pay more than is provided for in
the Riddleberger settlement. In
that campaign i'm which the McCul-
loch bill was the Issue, this Ques-
ton was fully tested. The NcCul-
ioch bill recognized the principal
of the debt as thirty.tnree millions
IN round numbers, and pledged the
state to pay per cent. for ten years.
4 per cent. for twenty years and ,
per cent. for ten years. Then the
interest the state would have been
required by this settlement to pay
w0uld have been, for thu first ten
ears, in round numbers, 100000,
whilst the interest required by the
Riddlebergcr settlement is $780,
600. Yet the difference of 5000
was sufficient 10 cause the McCul-
l0ch settlement 10 bc rejected.
whilst the RIddlcbcrger settlement
was afterwards accepted 10y the
people. We have no reason to be-
licye that the creditors would agree
TO less than the terms of Ihe Ne
Culloch settlement. On the con.
trary the most hopeful view of
their probable action that has been
recently presented is that ;hey
would agree TO accept the principal
as stated in the McCulloch settle.
ment, but that they would ask, not
3, bur 4 per cent. interest more
than 81 100000 annually. llama.
iority of the people refused to &C.
cept the McCuiloch settlement,
what reason have we to believe that
at tins late day, when many who
supported that settlement have
been crushed and dishear'ened by
defeat, they will accept the terms
Of the settlement just outlined If
Il majority Of the people refused 10
pay 100000 n year what reason
have we to believe that they will
pay more than II 300, 600?
IL has also been suggested, but
very family, that the creditors, il
official conferred with, might agree
to take rs interest what remains
after the payment Of the states ex.
pcnscs. If this be true, then the
creditors will sec upon examination
OF the official record in the Audi
tors office, that not till next year
viii the state be able TO meet her
necessary expenses and pay the
interest ON the debt, even If al the
old securities arc fnndea under the
Riddlebcrger settlement, having
then a surplus of little more than
twenty Thousand dollars. ", there.
fore, the creditors are willing to
take as interest what remains after
the state has paid her expenses,
the nearest road TO thaJ conclusion
is to fund their old securities in new
rs without further delay.
But, say those few who, with no
understanding of the present tenn.
per of the people. are talking about
abandoning the RidGleberger set
element and plunging state, credi-
tors and people into troubles and
evils greater than before. What are
you going to DO now? The answer
is not difficult. Popular resources
are far from exhausted. The sys-
tenn of collecting taxes can be so
rearlangcl, the cost OF license can
be SO raised. that the use ofcOupons
will bc possible TO far fewer persons
than even now. VIII the creditors
and the icw opponents of the Rid
dleberger settlement who arc not
creditors compel the General As
sembly TO seek these resorts Such
action is very easy for the Legisla-
ture. Its results will fall upon none
so heavily as upon the creditors
themselves.
These are disagreeable facts, but
they are facts that win not down
They are not more disagreeable to
the creditors than to those who
fought to save the ere itors' inter
es-s, meeting with defeat after de-
feat, but lighting still, till further
contest was plainly seen TO be hope .
less. To those who sacrificed every .
of the Government in .
the creditors behalf the RlddleOer- /
ger settlement is as distasteiul rs .
u ever was, but they solemnly warn F.
the creditors that if this be not nc
cepted worse may be he lot Of both
creditors and people.
The Informed, those who have
not been acquainted with the siiua-
non, and those who are 100 per
verse to learn the lessons of the /
past, are the only obstacles in the
way Of a speedy acluiesence OF the
.reditOrS in the Riddleberger set
.lement.
-
Poisoned Herself and Son.
4 neatly dressed. middle-aoed 4