Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-12-03

Saturday, sos, $3.50. So II appears that
Mr.. ROYALS demand exceeds the capacity
Of the State by $3.50.
The exposure by the committee showed
that tho English commissioners, after
whom Mr.. Royal appears TO speak, ex-
cluded IN their circular all interest on
the Riddleberger bonds in the hands Of the
public and those held by the Literary
Fund, and all outstanding peeler bonds
snd all unfunded, which If funded would
then have amounted 10 81, 237.7 1892, car
rying an annual interest of $2l7, 1920.
The creditors that represent these mil
lions Z" the State" says MIR. Royal, can
battle with % she chooses" 80 she PAYS
the holders OF tax-receivable coupons she
can repudiate the others. " In other words.
these bondholdcrs require that the state
shall impose upon all her creditors. except
themselves. terms which they have often
denounced as fraudulent and infamous;
that she shall give them the sole benefit OF
the infamy."
The same proposition has been made
before, and IL was shown that TO do justice,
~ the State Of Virginia is always bound TO
do, she would have TO revise the whole
debt settlement. which would increase the
debt some millions more than IT was made
by the Ridalebcrger bill. See an examina-
ton into the merits Of the reported propo-
sitiOn Of the British bondholders Decem-
bcr 1896, pages and T.
Did Mr.. Royal borrow the idea of
MORTGAGE from General Malone? In the
platform Of his convention at Norfolk IN
August 1899, he speaks OF the mllIons
Of liabilities that hold in mortgage all the
property of the State" There IS no such
mortgage: There never was and never
Will lie. Mr.. Royal and General Malone
say there IS But the State denies It, ana
has been fighting since Fehruarv, 1872
against Mr.. ROYALS attempt 10 fasten one
on hCr.
Considering Mr.. Royals experience l
beg leave 10 say that his quotation from
Scripture is not happy. he says: .,
Agree with thine adversary QUICKLY
while thou art in the way with nlm lest at
aug time the adversary deliver thee TO the
judge and the Judge deliver thee TO the OH
GERS ard thou he cast into prison. Verify /
slv unto thee thou shalt bv no means come
ont thence till thou hast paid the utternOso
fartMn9."
N.Y. Poyall cannot have forgotten that
"whcu the commission declined tnr JOINT
committees joint proposition they Ior-
mal.y withdrew the Offer made toy tine reso-
luton Of the public meeting ID London
go entertain o compromise based
upon the present TAXATION. DC, az ahoFe
quoted. and claimed thor iuu rights as
Established bv law And that tic hond-
holders. as soon as they could cet mo
court. renewed their waI upon TIE 0ia,e
gong 90 thc extent Of lmprsonlns some
a. her administrative officers.
the issue of that cGor. Is well remem-
hoyod. aud j. SIS not forgotten that the
Legislature tlrmailv thanked thc Attorney
General and Ncs-r7. Scott and Mct21e,
ard congratulated then fer tho course
adopted. which " wa position oi A'.or
aud Distinction What was then % futile
effort Re now repeated 20 threat. WY
should ~ Doe needed more now tAau tnen
Mr.. ROYALS advice does not necessarily
foresladaw the oyeut.
In tic DispQfob Of February q. 1889, he
c0ucluies % c1rd of warming as follows;
"I .uow Dot what others may ihluk, but
fool clint Zine cuur-ooi tlo State Thus un-
observation-disclosures gritty and honesty o. her
people and ln setting an example OF IT,
Tluny is perpctratiur greater and more
la.tIu. wrong and injury upon her pe0-
d.. tAau any evil which tcioll those states
which were Oy ridden Temporarily Df the
carpet-hatrer and negro. And the party
which maintains the present policy OF the
STATE i'm this matter d, orve- to be over
thrown. and as sure as right Is rl-At VIII
be Overthrowu ~ d'sgraoc.'
And ou the lSth of March he warns
Auti-C0upon " and al others VINO con-
denim his views as expressed IN saturday s
Times that he and they are driving the
State 10 Ncpul IAN rule.
But so far irOLi.thIs reug not true that
the states course on the debt cues
ton ought - cause the Democratic party
20 be oyerthroWn in disgrace, they have
carried the State 10y upwards OF 43,OJO ma
Jointly.