The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-03-14

lao ii willingly they shall. sicsit forcioly
This bin will be the strongest Weap POI ~
The hands Of repudinticn md xoIclple &c
adjustment And I teli the senht tie we oo
not want 20 cessation Of Mans
CAIN clear discussion and s .s on.
We must 20 to our people and ten tbefn the
Etrrltt-fhat tho only way out is to pay out
that we car, neither beg out nor bully out
tand that we must act IN q manner becoming
Virginia. They are manly they are praTe,
honest, and fntellig gent and Wlen Ine
alternative OF increase OF taxatlon OF
Reputation is presented to them they
Twill choose the former. The pubic
credit is too valuable possession
| It is the property OF all-rich and poor-and
tthes viii NOT sacrifice it to save themselves
few cents on the hundred dollars OF taxa
ton. The debt grows. The issue must DC
met. Delay strengthens reputation anu
weakens our side, and this bill only defers
THE issue for the present, to be met again ID
|1379, with the iorcible read1usters ana re-
lpudiators reinforced, and armed Win Tue
| disastrous failure OF such an attempt at seG
Element as is pretended to. be MADE Dy . tnis
bill.
4 Mr.. Brooks said If the bondholder don't
accept, why, he needn't TO. IL was sll is
/ pie proposition. BE hoped tue pul "ouiu
be taken up and passed:
Mr.. TYLER made BRIEF auaress 10 iayoL
Of tbe bill. He held that it was the duty
of tine Senate to pass the bill. He had no
doubt the IT'S men In the General Assem-
jblv REPRESENTED It's different opinions on
4 the subject. He thought the House had
a conceded good deal. He hoped the sen.
ate would take up the bill, pass 1t, ana let
LIT go forth as the voice OF Virginia.
The motion to take up the bill was agreed
to by the following vote:
AYEs.-Messts Bland. Brooke, Chies Daniei: ,i e.
lott. Gayle Goode Griffin, GrimsN,ey art Sf
syyapna Koner Lei Marssn er-ard s Tyler
vaal one and 'ISortham12s. ,,,nton
! NOEs-Messrs Belts, Bliss, FulkerSon, ,hift q
Hurt Of Halifax, johnson, Massey ahu HNoi 'oA
i Mr.. BROOKE said be should vote Tor TINS is
|.bill, not because it is in all respects What IL
ought to be, but because it seems tone the
best that is now possible. l should Ike 70
have some change in the preamble, be sald.
/ T think some OF its provisions objectionable,
and would especially deprecate the absence
of any provision for proportionate funding
/ TO begin at once. But with all its defects
the bill has enc merit. It may serve to re-
move for time at least the opportunity Tor
popuIar agitation Of the debt question. 10
that extent, il it does no more, 1t Will De
. productive OF good. 1t is proposition to
the creditor without the element OF force
! and for these reasons il for no other should
wish to see it receive the approval OF
the Senate. Some OF us will return
to our people. feeling convinced that il those
who profess to be the special champions OF
the creditor and those who believe bis truest
interest is to be secured by fair ana ami
cable adjustment had combined their ener-
eies in united effort for the preservation
OF State honor and State credit, mucn
more valuable results would have been at
tanned. But we have had an Illustration
day by day, that it is easier for extremes TO
meet than for either to assimilate It's views
to any medium policy. Notwithstanding
; all that has occurred here, trust that the
masses OF the people will be able to believe
still that the provision OF the Conservative
platIorm OF last summer touching rehdjust-
ment was an honest declaration OF purpose,
and not fraud and cheat.
General LEE advocated the bill. briefly
. II the creditors won't accept this PROPOSE
ton, and nothing satisfactory could be done,
he would vote at the next session to IN.
crease the taxes to pay the debt. He hailed
the bill as sign of returning reason III the
hearts Of those who had so long been divided
on this great question.
Mr.. MASSEY presented the following pro-
yiso, to come in at the end OF the "a sec
ton:
Provided, That from each bond which
may be offered for exchange under the pro,
visions Of this act there shall be deducted
an amount equal to the interest which ac'
erued thereon from April ], 1861, to Janu'
T. airy /, 1871. and that no new bond shall BIZ
given in exchange therefor for greater
amount than the amount OF said old bond
less the amount SO deducted.
Mr.. MASSEY spoke in favor OF his amend
ment. He said tint the present bill meets
the views OF neither party, but II III:
amendment, which he believed to be n pro-
per amendment, was adopted, he would
vote for it. He did not think we owed the
war-interest, and he had firmly planted
himself on that platform.
SIr. HURT OF Halifax said that he intended
to offer proposition to strike out the pre-
amble.
Mr.. BLAND said that this was the most in
nocent bill that had ever been presented tc
a Legislature. BE thought it had been pre-
sented as one upon which all could unite
He said he would vote for this bill.
Mr.. QUEsENBERRY called the previous
question, which was not sustained.
Mr.. WORKMAN demanded the pending ques
ton, which was ordered.
Mr. MASsEY's amendment was rejected
ayes, 6-Messrs. BLISS, FULKERsoN, Mas
sEY, NORTON, PAUL, and WOOD; noes, %
Mr. HURT of Halifax moved to strike oul
the preamble, and argued in opposition tc
the bill. He didn't believe that there was
but one way to settle the debt, and that was
to raise the taxes and pay the debt. He
was ready to do that. He said the pream
BILE placed the State of Virginia in the atti.
tude of beggar.
Mr.. TYLER called the pending question,
but it was not sustained.
Mr., OUgsENBERRY called the attention oil
the friends OF the bill to the character Of
the amendments that Messrs. MASSEY and
HURT were preparing. He said the mode
rate men have to take this matter in charge
He hoped all the amendments would be
voted down and the bill passed as it came
from the House. Any amendment to the
bill will kill it.
General JOHNSON spoke at length against
the bill, and with much warmth. lie con.
| tended that it amounted to nothing, and
that it could never be accepted by the cred.
itor. II it is passed, and the creditors dc
not accept it, the forcible readjusters will
come back next winter and will tell us that
as our proposition was not accepted we
must Join them and compel the creditor to
come 10 terms.
Mr. TyIEP rnnlied briefly To General