The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-01-05

,,,,,,s a. offieSsl ders ssongt TO pay interest
49, fI3rae rssffsf1r trheE the amount OF the
de.Hsmhlch #eare non auarrelllng over: VI
$3.50 ts.v s$sfhe willing that the creditors
AZ ina -SfSte shan 10 thout their money,
for they viii put all the more IN their OVID ',li
pockets. {. ,-...,.,,.. .vo;d
tho fate of Louisiana and South Carolifla ana
.6tier Isadfesfrfdde and -stirdefaea
States, whese speople heye, to nav taxes sucn I'D
al we never dreamed OF for the support OF
carTetbag gdYernmentst Our people have
eyercised much patience and moderation ana
lave the good fortdne thus Mr TO keep, tae
STATE government in their O1yra flande. Ihey
have ESCAPED great dangers. Another one
now tbreatens them. IL the Conservative
n n, tcocs downs. the. State goes with it.
". We have pointed out, the, rock on which our
hark wili split unless. directed by skilnl
n;lots. - Radiealisn land gdemag gIisTi, 10
nearly akin on every other question: VIII go
hand b hand iiithis natter Of imaginary re-
lief" in order 70 &c; the 1e;. Telns OF govern
s The real merits 81 this question etthe pub,
lie debt-its. dimensions, its condition, ana
the ability Of our people TO mech ane mtsresI
1iI,on tive cannot undertake here faiiy 10
discuss. Of one thing, we are sure: III all
this clafnor that Is raised cWe are more scared
than hurt. The taxes are not going 10 DC m
creased; put that down as certain. lhls
Legislature has no idea Of raising the tax on
property for any consideration. They are
more likely to decrease it, j. ;:,..ai.
There has been "a fufts about the fundlng
BILL some of it doubtless due to ignorance.
That bill may not be perfection-we think u
has It's objections--but then there are two
sides to it, Able 1ilEb, competent TO Judge OF
such things, think it has its advantages us
well as its disadvantages. 1t certainly puts
one-third of the old debt out Of the way, 10
be taken care Of by West Virginia, ana gives
Snotice that no interest will be PROVIDED py
this State for that portion. ltsecures ZOE tile
State an extension Of time OF thirty -ioui
ve.1s Oh an obligation now FILLING due, some
of it being already overdue, we oeileVe tne
amount Of the new debt will be- less imam
thirty millions of dollars. Complaint Is maze
that compound interest is paid Wen, the
interest was due, and the State could 90 one
of three things-pav it, repudlate II, Oh iuha
it. She was not prepared to pay; she aionl,
propose to repudEltc; so she funded, ana
thereby got 4 credit of thirty-four years
l0tiger. "+'-21' - : t,S'}s''
The Legislature have suspended operations
under the funding act for the purpose, they
say, Of investigation. If they can propose
something better in its place, we Shall DC
glad to see it; but we fear the men who are
50 fast to tear down are not the; most skilful
in building up, and when they return to the
CAPITOL after their Christmas trolic, they may
find themselves at their wits ends without
any practicable scheme Of finance i'll the place
/ lox- Io, rtyo fbY.Sayyn.
We think the majority Of the General AS
scmbly earnestly desire to make some pro-
vision for the State debt. Of course there is
much difference of opinion. Those who
would 60 for reputation no,o are very few.
The minority, too, are in favor Of paying the
January interest, and the only difficulty IN
the way will be in agreeing upon the Plan OF
Dayment. The money is in the treasury
waiting. There is nearly two millions OF
dollars thcrc-three times enough to pay the
interest that would be called for.
Of course, We understand that the people
are in no condition to pay. high taxes. we
wish they llaG to pay none. But they VIII
bear in mind that the county and township
levics are far greater than the amounts they
nav the State. These local taxes must DC
curtailed. We must economic there as well
as in the State government, and then the
interest cannot he met conveniently the
creditors will be willing to give Indulgence
anain if assured that they are to be fairly
dealt with. This thing can be managed
without oppression to the people or dlscredlt
to our old Commonwealth. ~.-s.