The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-12-30
From the Fredericksburg News.


Onr lunatir Legislature should assemble on
the I'd Of January II Staunton, Ine asylum
there would afford appropriate Gccommoaa-
tons for the members who voted to suspend
the funding bill after nearly two-hirds OF tie
debt had been funded. Some, doubtless, of
these sapicnt statesmen would better grace
the penitcntiary. Like the swine in Scrip
turc, possessed Of some evil spirit they have
crushed violently down" towards the pit Of
Reputation. Blinded by false and mist;l-
ken idea of ':thc will OF the people," seeking
their own popularity 1t the cost Of the credit
and honor of the State, their crime has been
already stamped with the heel of public exc
Grafton. and the cry of shame echoes ali
over the Commonwealth.
This is the first step. Cd. The House OF
Delegates on Thursday at midnight, With
nearly two millions Of dollars in the treasury,
voted not to pay the january interest. But
for want OF time the Senate would doubtless
have done likewise. Is not this the very
madness CT the moon? Would any man III
his own private business transactions dare do
such thing? Compromise with your
creditor. gcta practical release from onc-thlrd
OF what YOU are bound for on the express
pledge 10 ply interest Oh tic other two
thirds promptly, thus make 4 good bargain
for yourself, and when payday comes, Witlla
pocket full Of money, publicly declare you
will not pay. VIII you adopt the doctrine Of
the Richmond Wing. which on Friday said ::
"The funding gentry give themselves
great uneasness about the money in the
Treasury. Let it alone. 1t is not often we
have orr pockets fill. Let us enjoy the
satisfaction the novel feeling inspires. And
then. too, with money in hand, we shall be
in better position to make terms with our
creditors"
Make ternls' Better keep terms already
made. We ask, Would any man like to act
as private citizen after the manner in which
this Legislature has acted:
Virginia received full consideration for her
bonds was legally and morally bound for
thcra. tho l"st Legislature had the right, the
power, and the Obligation, 10 lcs;sinto in &c
c,rd to the State debt. The funding bill has
been pronounced by nearly all Of the wisest
and ablest of her citizens rs the best financial
arrangement that could be made. About
two-thirds Of her creditors have accepted it.
AS to them, it is fixed fact. Can Virginia
now withdraw without dishonor:
The people have already paid up their
money. 70 sustain State credit they have
borne the strain Of paying tsro taxes in one
year 70 thing which cannot occur AGAIN..
The worst is over. Tie funds to meet in-
terest for one or two years are assured.
Taxes may be reduced, but will not be in
creased. Virginia pays less tax than any
State in the Union except two. Non-pay-
ment of interest cannot help the people now.
1t would be folly as well as crime to fail TO
pay. Nothing but evil can result from it to
all Of us. The stab Is aimed at private as
well as public debt. The moral result will
be universal reputation Of all obligations.
How will some Of you like that?
We trust the Legislature will have lucid
interval on its reHssemhling, and sustain the
Governors certain veto of their hasty and
mistaken and mad proceedings. There mus
be something wrong at the bottom Of this
thing. Members have been deceived, depend
upon it.
One thing is sure, if you persist your politi-
cal epitaphs are written.