Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-06-17

! make any but the Riddlcberger settlement.
SIMPLY because she cannot. Her revenue
now y short OF paying the interest under
| the Rddleberger bill IL the bonds were all
funded under 1t it is not likely that tho
| new assessment will give any better basis
ior taxation. and the agricultural interest
! OF the state Is in too depressed condi-
ton TO entertain even the thought OF rails
ing the tax. The liberation of all these
| new financial schemes of the creditors and
! the bond-specu lators by the Virginia press
only dcceives both into the belief that
| there ~ something better than the Riddle
! berger bill TO 10 the reward Of their per
! sistence. As q matter OF fact they VIII not
get dollar more than that bill gives.
THE MOVEMENT IMrRAcTTcABLH-
Petersburg Index-AppesLl
No one can more eagerly wish for an
I honorable settlement of the Virginia debt
| question than the Inder- Appedl does, or
| would hail with moro satisfaction any plan
4 TO that end. Nevertheless. we realize the
/ utter impracticabiity Of the proposed New
| YORK movement or OF any other move
inent 70 settle the debt inconsistent with
the Riddleberger act as long as the debt
question IS political issue and the poll
ticians who have fattened on II Tor years
are stu alive and in possession OF the pub
lie tcat. Not even the recommendation OF
a board Of arbitration composed OF such
Thomas J. Bayard. T. s. Phelps, and their
associates could prevail on these gentlemen
20 surrender their sole political stock IN
trade. The Virginia politician Is thesmart-
est politician in the world, and knows how
10 keep good thing when he gets IT.
THE MARoN FOR SUCCESS NEARED.
lOrangs Piedmont vrginian.1
The New York parties who entertain the
purpose of eGocting settlement of the
Virginia debt question on terms satlsiac-
tory alike TO the State and 10 the creditors
viii receive general communication Il they
succeed. Their task is a large and compli-
Gated one. The present assessed valua-
ton of real aud personal property III the
State is S3fj, GG3, go, and the tax rate 40
cents on the 800. As the farmers Of the
State believe the present tax rate 10 be
excessive. the increased income with
which 30 meet the present annual eX-
penses Of $500, 900, and pay an increased
interest charge besides, must be looked Tor
m an increased assessment during tue pres
cut wear. This assessment, II properly
taken, VIII show, IL IS SAID, increased values
Of over $50. 900. 600 which would mean, at
the existing rate of taxation, an increased
revenue Of about -4OOODD. Inc State, Tor
various reasons at present receives the
sO-ca. led tax-rcccivable coupons IN pay-
mont of taxes only 10 such an extent as II
IS compelled by decisions OF the fedeIdi
courts Its poljcv IS TO force holders OF
cousOls aud 1O-iO's 20 fund their bonds in
Riddlobcrger 3's. Ii all outstanding oDli-
cations were funded IN HddleDerger IS
the State would be.able TO pay the reduced
interest charge in addition 10 the ne
ccsearv EXPENSES of the state government.
Il is unable. 1t is claimed, 10 do more
with its present resources. The Now ork
parties are perhaps looking 20 the SZOO,ODO
of new revenue to come from the new As
sessment. Upon that as basis they pio-
badly expect 10 found settlement more
favorable 80 the States creditors tiah inc
Rlddlebcrgcr nct offers. The margin Tor
successful negotiation is. IL must 20 con.
Tossed. "a trIile narrow. bat At Is to behoped
that u wil be found broad enough Ior
practical purposes.
AN EARNEST AND SUCCESSFUL EFFORT.
,,tnuuton Valley Vlrsin;an.l
From the publication to be- found in an
other column. and the general maniieGf9-
tlan of public sentiment IN the state, 10
would seem that an earnest and successful
effort Is TO De made tosettle the state deot,
We sincerely hope IL may be effected, ana
tie vocation. matter taken out OF politics
No one cen form al idea of the injury y IT.
ciuia has sustained by reason OF the debt
agitation. Millions OF money nave peen
k.gt cay of the State, and thou'lnds
q cnt .IplisIug. Dunilc-splr.tcd citizens
passed us nv for Jess inviting hcidS OF use
iuness. rather taIu encounter the pre-
ullce and passion and contention growing
Out oil the discussion OF the State debt.
When 10 As once disposed Of-rnally and
forever withdrawn from the domain o.
p.lit cal contention. Virginia VIII move
Forward 80 a. pace never before dreamed OF.
We venture nothing in saying that TINS
State ba. NOR. material wealth. IN II than
can be found i'm any similar area OF terri
tory i'm the onion. II las been dead ana
lt.loe- rom time irncmOrGl, ana only
recently has live. intelligent attention rcen
attracted 1t. lhis has been done I'D spite
of Iue bitter partisan feeling thai has pre-
vailcl and the incessant agitation OF the
drbt question. greatly to the material and
commercial injury Of the state. u
would. indeed, be a glorious con uuina-
tiDn TO have this question settled SET
lied satisfactorily t. the creditors and 70
the ~tateaul honorable TO both. II would
end the career OF good many blatheri1S
plili. ans. 10 is true, but We would ma
Compensation for tins IN the inflow OF
capital ANA population that would make
the waste places blossom as the rose, ana
uucartn the marvellous wealth buried IN
our mountains and valleys. ONLY awaiting
the contact of money and mus ie To- uuhze
H.. We care not who gets the credit for q
settlement. so as effected. Virginia aud
lrr.n.aus wall get tie benefit, and with
that assured we can afford 10 Alo" the
honor of acc0mpl .hlus SO desirable re-
suit to gotO those who may properly de-
seryct.
VERY GRAVE DOUBTa.