Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-06-26
General Malone and Coupons.
For the Dispatch.l


The payment of his taxes by General
Malone, think, has some significance.
Let us consider it in the light of the
past. In "a reply to sundry charges
brought by General William Malone
against the Democratic party OF Virginia"
IN 1882 the following occurs-page %:
1T Is known by the statement of one
james p. Cooper. recognized agent of
the British bondholders, journal of House
of Delegates, page %, published IN the
London Financial Ne'CS of September 10,
1886. that he Rep,tb'icdHsin Virginia meant 10
BON 10 the ruling" Of the Supreme Court,
and "openy dr0U their intention Of using The
coupons, and Il is not improbable that Giey trtl
erenhdly declare IN favor Of de6t payment"
IN Nav last this same agent tDdS DrODeil 10 haze
said 10 tlco members Of the Legislature and 10
reporter Of he DISPATCH that If the Leqisid-
hire," then in session. fdlled 10 settle the de0t
that he lcotild look 10 Malone and he Repubii-
cans, and treat lCtth them. Dispatch, May II,
1887.
At the same time, TO wit: May 3. 1887.
(appendix 10 the final report of tho
special joint committee appointed TO
confer with the Commission OF Council
of Foreign BondhOlders, extra session,
1899, House Document No. 3, page G3)
Mr.. BTaithwaite, one of the commission,
said in discussion: We believe that
there IS the Democratic party, or at least
party. in the State to-day who say that If
affairs are administered duly and properly
that you can easily carry out such a
scheme"
Let il be remembered, in addition. that
Judge Hughes had declared in advance of
a case in court that the amendment of
August q, 1884. which fixed the meaning
of the Rlddleberger bill, was reputation,
and went so far as 10 assert that the
powers of jurisdiction of his court were
abundant to enforce the payment OF the
coupons not only IN taxes but IN money,
and said they would be invoked" And
that General Malone had assented TO all
this. accusing the Democratic party of be-
inc IN rebellion against the Federal Gov
eminent as represented by its courts, and
that he is full committed TO the increase
of the debt to $50 per cent. over the nd
dlebcrger bill, as demanded by Judge
Hughes's decree
The Council of Foreign Bondholders and
their New York allies or seryitors. who
know nothing of Virginia politics, doubt
less think such man would be an acqulsi-
ton, and there is reason to believe that
they are prepared to act upon their opin-
ion if the present State joint committee
does not accede to their demands.
So much have heard in such manner
az TO make me believe that there IL some
thing in it. The alliance between General
Malone and LangstOn may have been
formed with reference to such an under
standing, or. at least. may be considered III
it now.
For one. if no satisfactory understanding
is reached with this Council of Foreign
Bondholders, / hope it may be true that
they have formed an alliance with General
Malone. | cannot imagine anything that
will give more strength to the Democratic
party. for if there are three things that
are odious to the Democratic party they
are General Malone, his negro allies, and
the Council of Foreign Bondbolders.