Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1886-11-27

tractivcnesS to the junior senator
from Virginia.
Governor Lee has written . let
ter TO Hon. John w. Daulcl, in
Which he unequlvccally commits
himself, DIS opposed to any Scheme
fer the settlement of the State debt
Which promises more than the Rid
dieberser bill. The Governor and
every ether officer elected fast year,
beingcommittcd to that settlement.
he seems 10 have taken this meth
cd 70 Inform tlie members of the
General Assembly, in the event
tincA should be convt&cd into extra
session. that his views have under.
ecre no change on that question.
Tie Governor is of the opinion, that
TIE revenues Of the State are now
about enough TO meet the expen-
SOS of the governments, to support
tie as,l,InS and public schools and
ray interest on the debt on lie ha-
sis of tlle Riddleberger bill-and
that any settlement s'invOlving the
annual pay nent ofinterest-gfeator
than would he paid upon the Rid
dlebcrser bonds, will require the
taxes OF tie PEOPLE to be increased,
and any person advocating such
settlement must be prepared to
favor Sucl, an increase Of taxation"
In the light of the facts presented
by our Governor it is safe to assert
that the entire people of Virginia,
Without regard to party. except
those who may wish to agitate
tie question for political ends, will
concur in the views expressed by
him. The people Of Virginia, as
we'll as our Governor and tie other
officers OF the State, having COM
miltCd themselves 10 stand by the
Kiddleberscr till, cl.ly one thing
more seems to be necessary to
trlng on IA settlement of the rexcd
d, bt question, to wit: the payment
of ON taxes IN money. In that way
and in that alone, the bondholders
can be forced to give up he fight.
Tley will not wish 10 Continue the
wulale long against uslf they call
nrl use their coupons AMI ltlscer-
lain that We cannot afford to buy
item. The fguresspeak fer them
seivcs-lhele Mc S3,GOG,oG0 cou-
lmns waiting 10 bc slcved in our
Treasury and tic revenues of the
State annually arc about 81, 7O0,OUO
let the lax payers use coupons
and it can beIeadily seen low soon
,urlcyt1.lies would he exhausted
and nothing left to support our
schools, charitable institutions and
to pay the current expenses OF the
GOV lnmcnt. Ar increase Of taxes
Woull therefore necessarily re-
suit from tie use of coupons even
,lder;hc Riddlebcrger bill. The
otly alternative then left to the
},eople Of Virginia is to pay money
or have Their taxes raised by their
cwn folly. The following from the
letter of Governor Lee, shows that
no proposition coming from the
hondholders, involving as it would
an increase of taxation, could be
accepted.
Tile inability Of the Statcto make
q settlement how, with a greater
amount of principal and interest
than the Rid,lieberger act, whatev-
er she might have done once,arlscs
from an increase III her annual OK
rcnscs, such as maintaining two adj
ditional luuatic asylums, one for the
white aud one for the cOlored race
(and fthis debt matter isnot speed
ilv satJlcd we may probably have
to erect two more to accommodate the
crazy people OH that subject:) tho
maintenance Of Il Normal and Col
legiatc Institute for our colOrod
people, and Il school for the educ;l-
ton of our female teachers; the aid
to the Confederate Home for ur
Door and disabled soldiers, over
whose shoulders rest no mantle Of
Governmental protection, assist
~ fhn G1.it. I,A