The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-01-10
An Anncsl from q Republican Paper TO
the Republicans of the LEGISLATURE

wo have heretofore not spoken our views
on the repeal of the funding Dnl, not ue-
oa,,eo Iye have desired to dodge the RESPONSE :
lii INIT because the time of the editor OF
th; n; ;o,,1rnal is so occupied with professional
dnties that the editorial claims upon HIM are
frem1entlv unayoidably neglected. In SPEAK
mo to-day we confess that we speak dlller-
emf views from those entertained by us when
this subject was first broached. Then we
inclined to the opinion that the funding bill
should be repealed and the State should call
q halt on the payment of the public interest.
We inclined to this view from pure symI,a-
thy. But on the score Of sympathy even Inc
question has two sides, and we are satlsneo
that if we are to be controlled by sympathy
that we should stand by the law Us 1t is WIFI
ten.
But we do not think the decision OF the
question depends upon sympathy. lt IS 70
be solved upon higher principles. Inc deb.
ia Justly due-every dollar of it-by the OLD
State. Her Legislature authorized it, ana
her LEGISLATURE passed the funding Dill.
Under that bill the bondholders arc making
voluntarily new agreement with the state
which is manifestly to the States interest y
she intends to nan. And 4 State must pay.
Her existence, whilst not immortal, 1t Is pre-
slrmnd must be coeXtensiye with time. She
NAV fail to pay for twenty years ana undergo
odiII,m for her failure. but the liability Is
upon her Mt the end of the twenty years
with the accrued interest and odlum super
added. But we are satisfied from n recent
visit to Richmond that crying halt means
ultimately reputation. It you stop now,
when will you begin? Next week, neA.
| month, or next year, or the next ten years
| Who will answer? But-and II seems 10 W
| all bufs-another says you will have 10 sen
| half of the lands of Virginia. The very tolhS
| we want. Too many large landholders now;
| The sale of one-half OF the hhd now VIII
appreciate the other half.
This cry of repeal is the of1shoot OF the
spirit which begot the stay law ana the nome
| stead law, and the same spirit which proposes
| to enact law regulating the price OF real
estate ot judicial sales. It is the creature OF
repudiation; nav, it is reputation itself, and
we beg to ask our Republican friends in the
Scnatc-Greene, Massey, Latbrop, and Ste
yens-especially, for with them we are better
acquainted personally, How can you be op..
poscd to repudiation Of the national debt and
vet in favor of tampcring with the state
credit? All. but some one answers, go for
relief and you build upa party. We are
sure if the Republican party in Virginia Is 10
be party with reputation as its corner.
stone it will be such party as no honest
man will affiliate with, and it will contain at
its birth the seeds of its own dissolution
This will not do, and it behooves the ten Re
publicans of the Senate to sustain not MI.
| Walkers objections but the Governors reto,
and thus preserve at least the consistency Of
the Republican party in Virginia, and at the
same time protect the State credit. This i
not only their privilege but their duty. i
they fail the party goes into history for having
acted the objectionable role of doing an ac1
at one session and undoing it the next. W.
beg them to sustain the veto.