New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-08
THE VIRGINIA DEBT.
MESSAGE OF GOVERNOR HOLIDAY.

MESSAGE OF GOVERNOR HOLIDAY.
THE STATE BOUND MORALLY AND LEGALLY TO PAY
ms ENTIRE DEBT-soUSD ADVICE OF TIE GOV
FRNoR TO THE GENERAL ASSEMBLY.
RICHMOND. Va, March 7.-GOvcrnor H0lii-
day to-day sent a communication To the Generai AS
seublv in response the Senate resolution asking MN
70 communicate in accordance with Constitutional re-
ouircmcnts the condition OF the Commonwealth anu
recommend such measures as he may deem eXpedient
As TO the condition Of the Commonwealth, he says MS
predecessor had covered the entire ground with srca
inutencss of detail IN his message at tlc beginning o
the session. A. recommending measures Tor consul
Grafton he thinks would have been regarded "a re-
Election upon the Legislature for Him 10 have suggested
ANYTHING. after the various committees had gone Ia
work upon every subject that the outgoing Governor had
deemed proncr to brins To their attention
with these views al The matter Governor ioIIId'y
can only infer that the object 81 the resolution ha'
eprcia reference sctlrncn. of the public debt
About this subject. hc saws he Iis never 'd any uOi'
In all his uttcrnccs previous - election and IN his IN
augurGl address, he spoke ia language not 10 u" isu
dcrst0td 10 the moral Obligations 10 preserve unfair
ni'hci Nirgnds in'c.iiiy ana plsi,c' Inia"' unu lo
has since seen no occasion 70 chhlgc ms NINA ne can
find uo for deSia Of the dent The o"hsati"n oi
the contract i"r TINS ueht is ili" u,i
The and s fruits have nothing 10 do with and can
not AFFECT nat lratipn.
Tic Governor opposes the ilra oi C?nsiitul"nai
Convention. 81. tending - settle the NrNcd
question. and sug-c. that u would he better - give 10
The creditors the hundreds of thousands 81 dollars hc
convention world t.ri. lie Gays: W gre rhul ny,
To the conclusion that We are bound, morally and
legally pay tins debt. J. u Hardlf necessary lo
sJcud tim" IN flaming BILLS To VuAictt SLATE soyc!-
eighty. or establish some legal e., hnici'ity.
TIE d-ht j. on Us; II is PLAN, Irtil-
cal affair. II Is duty To pay al
Just II. ike plain, practical men. IN business
Wy. II 10 me, with the utmost Difference 10 "th-
rr II j. ic ol, course We can puru" TO- dscafcc orr
dGy and preserve tho credit ~ the commonwealth We
certainly cannot do either Icy ~ lug To auoPt m-n.ufr5
which, NLl, they profess 10 take care ~ the c 81 tie
state. have IN" appearance ~ throwing lmp. ineIt, ~
the way az tie creditors. Recognize the claims OF the
creditors without distinction 81 ca--. putting Them upon
tlr same footing They vcr" when the dch's
were crIttHotct for consideration which De-
longs equally to ~, and the benefits of which
the cyIIaouwcaltA j. now cnloNinZ. aud with
ont which II Woud lc utNc better than q wilderness.
TLrn fuI means 20 ly The inter A. and. IN dur time,
TIE principal. in the only Way C,u hr done H TIE in-
position iuI collection 90 taxes Tie oNriH"r
economy, .lcD. ~ ana scif-tci'' and II there
stu %, iccucy Ia meet tie Obligations, thea ht Ia
yors Increased taxation special stamp taA Tor many
tliuE-. ard lie taxing even 81 CGnfch property.
Inability, J." SAYS, T. IN excuse thHi Goes hYt
affect tie obligation az contract ia aet o. Only ia per
fuIIudure. not settled 10y defiant air, because
entitled To- standing ~ THE court either oi
morals law, hu' ny far and honest and amicalr adj
iu.iIucn.. lie dOr- not Auk II Necessary {" ahp,h ace
schools. lie Ia, not found necessary, nor Goes hc -"
as,aiI them II the people want them they must nay
fo. thclu oui 81 their own means Acr all measures
have been exhausted st;l there Is deficiency; then
comes the time OF .ciloniruj Win tho CREDITOR. Make
a fair exhibit Of a a-sei. and thite. to those wno
have uFht 10 know thcm and terms viii so0u be
reached.