Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-09-25
WEDNESDAY. SEPTEMBER %. 1889.
Setting tho Debt.

General MALONE steals from tho history
of the CosKIING-PL!TT difficulty in New
York the phrase g. Ne Too" and applies It
10 the relative positions of himself and the
Democratic party on the State-debt ques-
ton. Iie Will not mako known his Won
derful scheme for settling that debt, lest
ats merits should oaptivate the Democrats
and induce them TO favor its adoption! In
other words. his object is not 10 settle the
debt in the interest OF the Commonwealth
but to use II in the interest of MALONE. If
he really believes that his schemes SO meri-
torious that II would if made known 90 the
Democrats command their instant approval.
patriotism calls upon him 10 proclaim that
scheme from the housetops in order that
Virginia may be relieved from the incubus
which. according to his own aiirmations,
Tctards her prosperity and prevents the
transfer of capital from the northern
States ~ the Ola Dominion. But these
assumptions of MAHoNE's lack the basis
of truth. II, has no scheme for settling
the public debt. which IS worthy of one
moments attention unless 1t be tho
scheme which several years ago the Lcgls-
nature rejected when il was submitted 20
that body by the agents OF the foreign
bondboldors, OF by persons alleged TO be
such agents. The people of Virginia have
again and again ar the ballot-box approved
Sl,e action of the Legislature in that matter.
TSey haso declared it - be their purpose
10 pay no more Of the State debt than
theRIpDLraEKGYh bin offers to pay. Gene
raj MALONE cares nothing for their declara-
tions upon TINS subject. Accustomed 10
making platforms for hi. followers. and
having more than hundred thousand ne
gro voters at his book and call ready TO
suppoyt any policy of any SOFT which be
NAV recommend. he forscis that when the
white people Of Virginia have taken posi-
ton ON any question and against all oppo-
sti0n maintained that position they are
not TO be moved from their " FIRM pur-
pose" by the orders of any would-be
leader, nor 10y any such considerations as
would be potent with his sable followers.
These followers would We doubt not, as
lief promise 10 pay fifty millions of dollars
es to pay twenty millions, and as lief
Tepudiate the entire debt as to pay any por-
ton Of H.
As to northern capital, it has been
coming into the State in greater amounts
during Governor LEES administration
than ever before, if We are not mistaken.
but. whether 1t has or has not, the assunp-
tion that northern capitalists would rather
intrust their money TO the hands of Ma
HONE and the negroes than 10 the hands of
the white Democrats of Virginia Is ludi-
CrOus in the cxtreme-we may say prepos-
ferrous. The experience which Mr.. COLLIN
son and the capitalists whom he repre-
sented had with MALONE some years ago
and their knowledge of his financial
methods have rendered his name
by-word and a reproach on the other
side of the Atlantic Ocean. The Virginia
agent Of the bondholders-Mr. RoYAIL--
seems to think so little of MAHoNE's patent
scheme for settling the State debt that he
has not been heard to say a single word
in advocacy of il. Briefly, if Virginia is to
wait for capital until MALONE attracts it TO
her enterprises she viii have 10 wait until
the Greek calends. MALONE may be ready
80 play little game of his own, but his
would-be victims have either cut their
eye-teeth experientilly or have been
warned by friends to beware Of the little
JOKER He. who poeketed $4,000 year
from poverty-stricken railroad company
for services worth less than nothing, and
went TO England to negotiate a loan in the
interest of that company, is SO well known
beyond the great waters that for the peo-
pie of Virginia to elect him their Governor
would be for them TO create the impression
in England that they did not desire to have
the State debt settled at all.
But the people of Virginia have not the
least intention of electing MALONE to be
their chief magistrate. Again and again
have they voted him down. They elected
DANIEL over him. They elected BARBOUR
over him. They will elect MCKINNEY over
him. The public career of their worst
enemy is nearing its end CHARLES ii. of
England asked What has become of all
my enemies?" MALONE. if be knew his
fate. would be asking what has become
of all my friendsY"