The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-12-28
The Virginia EIblfc Debt.
From The Weston nemvcra,.1

FROM .V@ - tStOH l'SIlECTal
I.g c.rpei-hXg Governor Of Virginia,
known by the name Of Governor Walker,
w@o aow ills the place in former days occu-
:"3 - Henry. Jefferson, Harrison. Ran
~. Lee. Monroe, Barbour, Tyler,
!! ~, IaZewell, and our own citizen,
Governor johnson. has recently, in his
:..r>-a-e 10 the Legislature Q'art of which is
:...."l on our first page). INDUCED in many
".ahu threats and lnucndoes against this
So. growing out Of her failure to pay into
d. .G$2uY q Virginia her share Of the
debt Of that State. lie brings to his
"..- e." .I-courtcSy oil Governor Stevenson
~.. X: wing 10 his tn eatening demands.
r' II, Wc know nothing which Governor
>'...r>cH has or has not done but we take
j. ..I -Ta!ltet. that he has done that which
.,r-At. and III the right we defend him.
" presume Governor Stevenson has ap-
.e-.,"H commits toner's TO meet the COM
.s>..uuer- OF Virginia TO settle the equita-
bye Proportions OF the public debt which
...2 >la.c should bear. This was accept
a- Virginia, proposition. This was meet
.~.:'ne!n half way.
IL state cannot consent 10 go beyond
~ equitable adjustment Of these liabilities,
aaU "il! not aud i'll this her integrity must
L.. ne impc.chcd. No threats Of Governor
Walker VIII drive u into an improper
IL. L. OF settlement, or into any mode look
= 10 ;he compulsory one. OF paving our
gre o! the public debt into the Treasury
81 Virginia. Whatever we owe. we Will
a,>um" anti pay the creditors Of the state,
and ii any creditor fails 10 accept our
Lids, let him 20 unpaid; as We have
n",-.g- further To offer. In truth, we owe
~ !.tiIe, If an equ!GaEl" adjustment OF the
l1-l!c debt be made. Gov. Walker seems
(, .~a.Izr this difficulty, aud by his friends
a. | I4ri lar vi tp T., q u
ag.4l:at!yn By bondholders WHO. will be
Interested in fixing basis OF adjustment
THAI viii promote the interests Of outside
c.! i.t!i,ts. From this we dissent. We
81 unwilling 20 place our own resident
'"n4AOldcrs az the mercy OF the Treasury
@" Virginia or interested capitalists. We
saHuvt consent TO DO our resident citizens
~ Injustice. They are the persons we in
Ind nr>t 10 pay, and we intend to pay 9TH
=. - The extent Of our liability, and there
-.at. The share We should bear in the
3'AQ> Of Virginia can never be allowed to
"Ar""d The money raised by them and APP
I7oyriated within our territory. 10 this
c&tgG, We will 60, and no further. In Fir-
snia This would be taken as an Reputable
".-.>" by nine-tenths of her citizens; but
~ - creditor representing the interest of
y...t.i, and desiring TO initiate the value OF
II" ttouCi, they own, q different basis might
~ Gx"d, which would upiustly impov-
.s,-A IL. and our children after us, for
al !RI"nnte time. Whenever the money
ir-l;aL from the bonded DEBT OF Virginia
a!ii. rated within the territory Of this
>.-..r CAT be ascertaincd, we are ready
sa..rfu!y To meet il. This may readily be
a-.,itaILcd by reference TO the public
r"rogds 1T the Capitol Of Virginia. TO as
i;ain this, it is not necessary to arbitrate.
ANY person who can add and subtract may
,ettIe the differences.
II i rrue there are certain matters grow
IN OF! OF the administration Of the Literary
IaaJ II Virginia which should be properly
used t. l,qudate the stock in the Fairmont
1'"h Appropriated b. this state. Capacity
al states lnanship to bring them to the sur
'.r" should not be overlooked and we
trust Governor Stevenson may instruct his
commissioners TO examine thoroughly into
IN subject.