The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-07-17

nSunus W. S-l.sy,
General oSss's \ letts upon the public
debt: d. IL ,t,fai ss5lt sssEsi 8
Il sIt has been generally construed, TO de-
IA,dssd d heavy reduction Of the pablie:debt,
and does not suggest any remedy 81 ;thekde-
mand is refused; In fact, it offers no remedy
Inside. or 0utsidei She constitution Tor the
troubles ard 3distresses titisets forth; which
Ysilbsexcite and disturb the less.informed
people. Amy move thatHarrass IS. the people
against their.l ppfestlian highest judicial
tribunal is aperdii a~any effort THAT an
aaeDniges the uegislatnre and the icourtsi IS
evil aud only. evil ia III teaching leading Ito
the disregard. of individual i corporate or
Legislative. contracts, and 9ehco uraginS dis
regard i0f thets plemn. action oftfhe courts
and flaws 3ofrtthee aland,Y tends to de-
stroy public Yirtue.i Genera Mahone3s
letter containsi.nOanew view of scompro-
misses or adjusting the public, idebt = or,
more plainly, getting aid offit:si' Rev. John
E. Massie madeeitt ant Adbenar!ess DIR. Cole
man, :of .NelBoU ,-tnade:i against Robert A.
Coghill, OF Amherst; allftbei vie VS. in OPP
position to The funding etbili. Including
yiewsy similar to General Mahone'S, have
been decided anil quashed by the peopleiof
our section, and have only beeni kept from
who can never be convinced that the sever-
eign people are not omnipotent against their
osn! courts, their own ConstitnGo ion, and
the Constitution of the United Stdtes.alAs
we. understand / it,; the funding bill was
passedG with .thenaidi OF h Radical votes
the CONSERVATIVES party submitted to:the
decision of the coufts-4-nppo TO the
provisions Of the funding bill and The deei-
sion OF the courts has, IN the person OF. in
dependent candid ates:re&eiged its main sup
ports from the Rad icai opartye We are,
willing that the State Convention of our
party shall decide ithestssaesi OF the gaber-
material: canyass,,an will earnestly support
its platform, land 3cand idatssS whoever they
may beS and,Weeshail be; sorTy ii any aspi-
rant shall by, appealing to factious classes
andisms weaken our ability to render aim
the, effective -snppertnWelshould ldesfre to
render If he should get Denominations
The w ythevine Enterprise says:
"a 7. General Malone is, given much credit
Virginia that they are greatly embarrassed
they want, to, know. is how are they to eXtri-
cate themselves, from their. embarrassed
condition and at the same time preserve the
credit and honor of, the, State. General
Mahone:is silent as to this. The advocates
Of bis nomination are silent. He proposes
NO plan. They Propose none. I'd ss5
u The, Bedfordr Sentinel takes a similar
view. 1t declares that all admit the diff
culties that General MALONE states, but
asks what shall the remedy beS It adds:
:" Z. General Malone leaves this part Of the
subject without suggesting any feasible plan
81 relief, TO be, sure he: iayors a readiust-
mment, but reid ustment, manifestly implies
the consent Of, the hondholders. ,i1WilI the
holders Of coupon bonds (the. character of
bonds held By 4 majority Of the; crsditor<)
consent to an adjustment ,bylwhicbi they
will, be.heaYy, losers, when; their coupons
ARE, and must continue TO der receivable
for taxes. q, No, Legislative enactment can
change: this feature OF, the funding bill.
They are, therefor secure, and f,it;seems to
Us unreasonable to suppose they will con-
sent to any dius.m ST d by whieh!t they will
be the losers" ..lgian.,tJ