The times. [volume] (Richmond, Va.) 1890-1903, 1890-05-21
THE COUPON DECISION.
RECEIVED WITH GREAT SALTS
FACTION IN WALL STREET

Views.
special dispatch to The TIMES from
New yor. said: "In Wall street the de-
cisiou rendered by the United states
sunreme Court in favor OF the Virginia
hondholders is received with great favor
and satisfaction. and has advanced the
Stoto eocuritios. Il is conceded that
virginia will now compromise with the
bondholders. Influenced by this decision a
demand has sprung UP for the low priced
Virginia deferred Cs, and south Carolina
"pou.nmdables," and considerable rise IS
predicted"
IN RICHNOND.
The chief topic OF interest in Richmond
Yesterday was the decision. it is the pre-
yailing opinion of those who do not thor
ouohlv understand tine situation that the
decision will result disas,rousiy i'm regard
70 the financial condition Of the state
Those who arc familiar with the case, how
ever. think very differently. II is the opin-
ion of the majority Of the latter class That
the state has won a complete victory.
Attorney-General scott. who has lahored
very faithfully i'm bcha.i0f The states inlef-
est was seen by "a reporter for HE ME
/ Yesterday. and when asked how TIE 0ecl-
Sion would Affect the state. very confidently
re,,iied that he thought the decision would
result bsnoncialy. said he: 81 fully be-
Ilio,e Virginia 10 be the mistress of the stu
alton vet" The Court did not declare the
| law with reference o. the school and liquor
| tax void.
STATES REVENUE.
..placing the revenue of tine state at 81
! 800 O0p. $l.,OOO1j of this fl for school taxes
aud $4,000 for liquor licenses. Tins leaves
| Sl.0l0.0 900 only unprotected boy the law. \
large portion oi this is protected from llit
J fact that ihe country tax payers rarely
ever tender coupons in payment al
! their taxes. One reason For MIucn
/ les. they can't eet coupons 90 ht Their
small iay bills. ANA the other is that many
of Them ahhor thl idea Of paying their
taxes in coupons. and would rather pay the
money than Doc bothered with court hlisa-
| ZION.
COUPON CRJsMER-.
The act of the Virginia legislature Of
| MAY T.. le-I-the coupon Crushci -rc-
imains I'm tact and under aii the cllcur-
stances. think it will 5a useless for inr
J bOndh0lder. 90 further press the coupons
upon tine people for taNpayng purposes"
J Major Scott cited many instances Wherr
| the state could gainher point Whchcoupoh
were rendered Toy taN-paye r-. oncol when
/ was in case the jury, before whom "a con-
Hest was being tried. should become %
chung mry." This would almost result
I in decision for the state. Ana
ieyen if the jury rendered verdict against
I the state the Commonwealth s-Attornet
! could take ana appeal 10 thc supreme touii.
land there it would ie over for Two years
! This would Doe at the expense OF tine coupon
taxpayer
RICH MEMS TAME.
The Auomey-Gencral admitted that in
| the cities some rich mon would continue io
nav their taxes I'M coupons. lie expressed
| himself as highly pleased with the decision,
and thought the honc~i taxpayers oi the
STATE could congratulate themselves on
coming out as well as they did. lle
thought this would eventually put am end
% the long and unpleasant liig1uons.
! The admission Of expert testimony, ne Dee
| lieycd.apparcntly aided the coupon iaN pay
crs 10 "a great extent t0 carry their point
/ bat the CONFERENCE.-The Attorney could To-
| a considerable degree meet thls 10y refusing
/ tAaccepl ihe testimony OF the witness as
expert.
THE GOyERHOR's OPINION.
Governor Mckinney is not only an able
/ LAWYER hut sound practical man. and bis
opinion i'm the matters +, 81 great iml ortance.
Iu conversation With reporter yesterday
concerning tha decision Doe thoroughly aetccd
/ with tine Att0ruey-Goncfal, ana Thought
Virginia bad everything % gain by ihc de-
cisiOn. and nothing to loose. "Onr weakest
point" said ne, "and the one from which
Nc had Tire greatest reason IL fear, ha-
/ been strengthened. and or strong point
made stronger. During The conversation
! ,he Governor said inat this year only on
bdrko.per in Richmond ANA one each in
| iNuchhurv, Petersburg and Norfolk bai
] rendered coupons i'm payment OF their faxes
+ and some oi these were Withdrawn. 10 Is
probable that those who paid their taxes i'm
coupons in these cities are sorry ior DO now,
The Governor seemed perfectly satisfied
with The decision.
JUDGE STAPLES VIEWS.
judge Waller u. staples. whose opinion
| I'm any matter OF this Kind is worth great
deal. also expressed AN opinion yesterday,
/ which substantially agrees with lhli
Of the Governor and AuOrney-General.
''Iho docision.' said Judge staples. "Nlr-
! tualiy places tine liquor licenses under th'
control Cd thc Legislature. which has tAei gai
/ forever 20 demand the payment OF the TAX =
! for the sale 81 this article I'm Whatever way
/ il chooses. lie Thought Tie only practical
advantage that the h0nah0iders had gained
hy lhe decision il the admission OF expert
testimony in the ti.ai ofcoupon cases. THIS
may. Co certain extent, enable the coupon
taxpayer 20 carry his point; but he thought
this could be met To- certain
extent in The fact that the country peol le
AID not pay iheir taxes i'm coupons 90 amy
degree. and i'm the cities the bondh0lders iu
the trial Of coupon cases have been able Ia