Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-02-07
The state Debt.
FEBRUARY /, 1889.
To the Editor OF the Dispatch:

EhRIAk1 1, lNoV'
To the Editor Of the Dispatch:
The Richmond Dispatch, the Governor OF
Virginia, tue Mayor OF Richmond ana the
latriotIc businessmen 81 Richmond are
making IL red.hot for MessTs. Royal o.
Let ma throw smother "shst" into the cou-
non camp. why talk about the Estate
debt being so easily settled? In every poll
teal campaign The party that defended tdc-
receivable coupons has been defeated Al the
polls. Mir. Royal says "the creditors are
anxious and eager to meet the State
and settle the matter within the
present rate Of taXiion.' The Demo-
cratic party has declared for the Rid
dleberper settlement. and that does not
prOride TOR tur-rcceiCGbie coupons Then
the Democratic party cant settle the debt II
tax-receivabie coupons arc required hy Tue
creditors. Toe creditors say, through their
agents. that tdcy Will not settle without tax
receivable coupons IN some form. Lei no
quote from Seuate Document No. Is, W1ich
Is a steBOgraphic report OF the proceedings
Of the special Joint committee with The COM
mission OF the Council Oi ForIlgu Bend
bolders, taken in April 1857, In Richmond.
Page 3d. ''Mr. BraithNalte: an
free 10 admit that we are pledged moi
10 accept the Riddlcberger settlement
Page 30 Mr. Brsuhwaite says: "lt would
be an essential condition Of any arrange
ment Whatever that is made that those classes
Of debts which possess The ecuiity Of The
tax.rcceivablc coupons should 10 some form
or other retain that security. That IS an 40
solute sine Qui non of any negotiation be-
tween us. l. is not open 10 discussion
MIR. Braithwaite came before the legislative
committee and that committee from Demo
cratic Legislature, aud the DcmOclGlc
p,rty committed 10 the kiddlenefger
settlement and against taX-Ieceiyabe
coupons. Mr.. BraithWalte was The accTed~
it'd agent OF the iereign bOndholders. What
other wild aud false declarations did this
agent mskeY lie objected to the pay our
.chool.teschers were receiving for their ser.
vices: he was opposed to the pensions we
GIVE orr manned soldiers; found fault with
the machinery of our State government and
county governments. After discussing his
scheme " hlch he had presented to the com
mittee he said page go: q" But | do
not think II would be found that the
scheme will not require more than
the State could procure with care In adj
mInistration. due attention TO the collection
OF YOUR taxes, which ought TO be paid, AMI
the proper application OF the various por-
tons OF your revenue, which We now con-
tend ara applied 20 unnecessary purposes.
that the amount would be more Than YOU
can bear We believe you can bear 1t.
We believe that there Is the Democratic
party, or at least party 10 the State, to-day
who saw that II snaiTs arc administered duly
and properly that you can easily carry out
such scheme" What Is the Use OF
indulginC the hope that the credi-
tors will ever be more favorable in ;he
future than 10 The pastY ForbeaFancc ceases
20 be a virtue. ] think tue time has come
for the Democratic party TO resent such
"hings,v explanations yes, "insults -
a. were given by Mr. Rraithwaite. For a
foreigner 10 come to our Legislature aud
sneak OF scare 10 administration" "tsXes
which ought TO be paid" "proper applica-
ton OF revenues" and unnecessary pur-
poses" is a reflection on Virginia. Then.
again, II casts sn imputai'on on tie Demos
cratic parly that the a0Srs arc not "admin-
isiered duly and prOperly' What partv
does Mr.. Brailhwale refer TO In Virginia I?
lie, us see. In oil this coupon agitation
YOU do not see Malone or any prominent
Republican expressing pronounced vieTs
on the slate debt rs M 1879. hshone started
the debt Quesiion-to settle Il; and IT'S
not settled set The real estate aud personal
property in the country is not assessed as
high now a. five years ago. Every reason
exists nov for settling the debt that existed
ten years ago. Why arenot the Republicans
outspoken on the state debty The Repub.
Vcsn marty will be "that party in toe state "
10 which The foreign oondnolders will make
oyertures, and mark The ioord, Malone viii
Weld. and the Democratic party Will have
Malone and coupons 10 eight This fall
Uurrah for Richmond! What win the
other cities OF the State DO about coupons
We will see. No COUPONS.