The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-01-26

The Financial Contest HI she CS
The contest which has been carried on LOT
some weeks with reference to the nnancia AZ
policy to be adopted has been iruitiu, .,
some good, certainly. 1t has oeVelopeu II.
the State at large an amount OF sehClhe I,
and opinion hostile to repudlatloh Mii ar,
assures us that the mass OF our PEOPLE t, a;v
rcsolute in their purpose TO aolue W s,.n
Tn the different localities, rs a matter OF OF
course the discussion has had to adapt ltseh
TO the differing local phases in which Tue
principle involved presented itself.
Our own immediate county was somewila1
oxcentioI in this respect, and perhaps mere
alone the naked issue was unllinchingiy GA
nosed. During the canvass the discussion
ivas we'll and ably conducted by the dliiefent
candidates, but here, without exception, aiI
assaiIed the funding bill, the issue being not
unon the manner of payment, but upon the
ra,nnent nj all OF the State debt; and there
fore this journal, in seeking to enforce It's
views. was under no necessity of arguing 10
nroye that certain type of opposition 10 the
finding bill, stripped of its assumed garo,
was essentially and in fact reputation,
The issue having been thus sharply de
fined. of course much preliminary discus
sion was avoided, and the popular mind was
at once invited to calm review of the great
cardinal principles of truth and justice
which underlie this whole question. This
Investigation. with inflllibIe certainty, when
unimpedcd by passion or impulse, leads to
the conclusion that Reputation is a mon
stro1ls innovation and wholly unjustitiable
and so to a great extent it has resulted here
The sterling people Of this section-than
whom the State has none better-llaye be-
come tired of the wild talk that has constantly
urged reputation and bankruptcy as novel
and unique methods of paying debts, State
or private, without the Inconvenience OF
using money, which last, under these suS-
gestions. can be kept at interest or boarded.
And so the discussion here bas had some
good results.
Elsewhere the press has taken position on
the one side or the other Of the policy marked
out by the dominant and aggressive majority
in our present Legislature. Of these, some
few who have supported the action OF this
majority are, we know, unwnTcrinS In their
opposition to anything Ike Reputation, and
simply stand where they do by reason of their
decided and insurmoantable objections to the
funding bill. A large majority. however, OF
the papers of the State. whether opposed
originally (as this paper wds) to the funding
bill or not, have seen WIFI undisSulsea
alarm that the anti-funders not only sought
to arrest the funding of the unfilnded debt,
but also unhesitatinsly assailed the debt al
ready funded. In which action they also
saw that Reputation was foreshadowed dis
tinctly as the ultcrior purpose of at least some
portion of this Legislative majority; and so
through the State attention has of necessity
been attracted to the issue which we had
made for us in the canvass.
The advantage is with us decidedly, and
to-day, if the people could express their
wishes at the polls, a large majority would,
we feel assured, approve the policy we have
upheld, for all about US the press has been
uttering brave and true words for the right,
and thus the voice Of the people has been
heard Indignantly spurnng the suggestions
of this new and dangerous doctrine.
The conclusion of this contest in the Le-
gislature we await anXlously.--HdrTaso'a-
burg Commonwealth.