The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-07-20
The State Debt.

AC k~L<SSS DS' -
aNonsieur ToSsoN come again. Ih'
Petersburg Neaos day after day insists upor
Il that Virginia i still bound for the "h"h
Of the public debt that portion set ASIDE TOT
West Virginia to grapplc with az we'll as 'h'
two thirds upon which Virginia has nhof'-
taken 10 pay tie interest. Ana lhe He"S
seens &, us 10 mean that 1t lavorS another
"reaaiustmeu," for the purpose OF dehn'te's
sc,,lac this question. AT least. THIS u AZ
that we can make out Of the Aens sr''c','
upon the su jet. We must confess lo'' i
we. AZ au individual, cccupnd to"ara' o"'
creditors the position that Virginia ooe'
,owsrd bers xc should be ashamed 10 ASK
even for conference with then'' "neH ie''
for "rfsiiu.tmcnt" II we had ,aiied 70
nav interest upon our Indebtedness from
1861 til 1866, aud had in the latter year
solfmnly assured our creditors thai
we would yet pay them every do!-
lar We owed them, principal ana
interest. and mad again assured them IN
1870 that We intended to pay at lest TWO
thirds of the aforesaid prircipa! and interest
i: they would return our old bonds and lake
new one. for the two thirds, and 1t they hah
50 returned The old and acce pied new BONDS.
we could not have tine face now 10 ask our
cred,tors 70 come and make LeT terms with
ia. What pledge can Virginia give that she
has mol already given? What new assurance
can she offer more reliable than those she mas
already given that she will not before ioo"
osk for s,ilI another conference and still an
other reduction: Tn" plan OF paying dcb'
by giving new notes once 10 "hl"
for les than the whole debt, and then IT,
fu,ing 10 pay these notes, Is one thal uoe'
not commend itself to the MINDS or Tue
oonsci,nces Of honest creditors or honest
debtors. Truc, the dent might IN 'h'' wa,
b. 90, rid Of but so il might re- shh ''uch
more readily. by refusing 10 pay an! Pai' VI
j.. W" n.rd rot add persistent dtct nl''h 1"
.nur persistent stirmrs 10 eel ma OF ih'
d.,,t yrnout paving il. 1T wou!a hr much
~ ,rn manly. and, indeed. " ouId be cHmpIa'
tvcly commcuiablc. 20 declare al once tha
". DON'T intend TO pay the debt. there being
no e,r his power that can force II. I" do 80.
Nevertheless, It the creditors nj Virgins
are sac. foul- IA to be willing to ~,"nt hen
time in in"ir money in "idt' - H1'r an
Other conference with he autli"r''!", 81 IN"
Stale, and another rC-r"'Ic-hIJietmc"t p' ihr
debt, We oi Course have NJ ti2ht 10 oiJtct.
We undrr>;lnd that her CREDITORS have in
Il, ,,t, "A In To = ,fllt l,l No.
third of the debt which vas assigned :"
West Virginia; and wbr' Der they - under
stood il or not, we Tor one AVE no 'drt oi
ever asking tac State OF Virginia 10 pay
that other third, seeing that tv"u with
that third cut OIL the c"InPounin%
O in crest upon The other Two thirds
makes NlrgioIu's share Of the debt At hast H.
much Is she ought to undertake to pay. IL
is surely little singular th,t tne anti iunucrs
are 80 anxious TO make il appear that the
STATE owes the whole fifty millions or more
OF he debt. II argues Il remarkably singular
sense Of honor upon the part OF men VINO
are not willing TO pIy two thirds. 1t Is u
accountable, indeed, that men should insist
in Que breath that the Safe owes fifty mil
lions of dollars, and in the next that
sic ought not to pay thirty mllliorS.
What does il mean? There arc in Nlr
giuia no avowcd repuduiionists." Wh.t.
then. are these anti-uDdrrs driving al ? We
confess that we canpo' tell; but We far thal
there is mischief at0ot.
Will the NsrS ugrce to pay the thirty m.l-
lions as f;,s! IL the Safe can il the creditors
viii distinct, release Virginia from thai part
OF the drDt which has been assigned 10 Wet
Nlrgin,,! II so, its position does not differ
from ours. nor tr IN That nfanS of the fund
e :" Whose opinions a'c kuo"u 10 Us. Pr.
haDs there Is a ctllrcc for u united press ana
pc rp!'. upon this platform.