The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-01-03

md reasonable construction be ndiuhged liii-
inst or which could operate TO the injury OF
the State.
T confess nv inability to discover any, but,
on the contrary, am more tlan ever sabp-
fed that it is not only just to both Inc stste
and her creditors, but Is one OF u" Wiaes'
acts of legislation which ever passed the ten
cral Assembly. It is in strict harmony WIN
the Constitution, and is de.ensitic upon TIE
highest grounds of morality and pubIc
policy. 1t contains within itself nothing
which can justify its suspension or nulilDcs-
tion. and have discovered no reason outside
OF it necessitatiDG such action. Inc Legs
Eltu;re which passed the funding act also III
posed taxes to meet its requirements. Ihose
taxes have been in great part collected, ana
have accumulated until there is to-day Ill the
treasury over 81 500, 900. What is to be done
with this money? Onc-third Of it will pay
the interest maturing on the bonds issued
Under the funding act on the 1st OF JANUARY,
1872.
Why should il not be paid! After tins
sum is deducted 81, 200, 000), with $500 900 OF
uncolected taxes to come in before the lst OF
March next to remain, what disposition IS 10 he
made Of the money! Our creditors have q
right to it. 1t was collected for them, ana
why should they not have it? And yet with
this money i'll the treasury, collected Tor this
purpose, it is proposed not only not 70 pay
Tic interest falling due on the LIST OF Janll-
arv. but to postpone indefinitely the future
execution Of the funding act.
Such legislation cannot meet with my ai>-
prevail. ] have shown that il was unjust ana
unnecessary, and based upon an assumption
of facts which do not exist. That it is I'M
wise YOU have but to observe its effect
already produced upon our State credit. For
the first time in her history the confidence
of the financial world in the integrity OF VIZ
rinn has been shaken. The very uncertainty
which enshrouds your future action uniettes
public confidence. Smoothly drawn DECLARE
lions Of intention unaccompanieil by appro-
pirate action will not avail to establish state
credit. Our action must he commensurate
with our expressed Intentions, and tEcIr fll'-
fillnlent must equal the full measure OF our
promises. The pli%htcd faith Of the Com
monWcalth must be maintained, ana her
csciltchcon kept untarnlshcd. or we shall
prove false To iicr traditions and unworthy Of
The high trust rcposcd in lis.
G.. G. WALLER.
On motion of Mr. JO*rs, the message was
lanl Oh the table ana ordered to tc printed.
LEAVE Of ABSENCE
was granted AIeSsrs. VAN AvKEs, BoELAsp,
LoyENsTElN, \. 3. LiGrTSEI, POWELL, STRo-
rIIEn, SANGSTER, EARLY, STEVENS, CARTER.
and SMITH, for one day each; to Mcssrs' MUS-
sEY, ST. JONI, GREY, BRYANT, Coatn!L, and
Il. 5. JONES, for two days each; Dir. BEATEN
for three days; aud to Mr.. JoRGESsES for one
day.
REMOVAL OF POLITICAL DISABILITIES.
Senate Joint resolution peti!ionng Con-
gress for Il removal CT all political disabilities
was agreed to.
JUICE OF CLARKE COUNTY.
Mr.. HARpEsry submitted joint resolution
providing for the election Of county Judge
of Clarke county at O'Clock on "Wednesday,
which was agreed to under suspension o!
the rules.
BILLS, &C., INTRODUCED.
BY Mr.. Bourox: Petition OF Thomas Davis
for an appropriation to pay him the same
arrears of cash interest on tho St1tc bonds
which other creditors OF the State have re-
reived.
BY Mr.. GILMAH: Bill to authorize the ap-
rointmcnt Of commissioners TO report on the
c.;pcdiency of establishing 4 new iulmtic
asylum.
BY Mr.. Minor: Resolution inGuiring what
legislation is Necessary for protection nt ducks
and other wild fowl.
BILL PASSED..
Senate ill incorporating tie Norwood
Mining and Petroleum CoinIan!.
ELL pIsMI$SEp.
House bill amending the law in relation to
har;yor-inastcrs.
tGinurnnl