The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-01-21


s ssas,sn,ance of ta6 Hfehni0fd tspasrn.l
4 NJ l.oanoN January 2, l L
Il scartisne to the papers which I nay Us
/, ,, q ssssiysd from Virginia both the sxt
ra,,os nirars and the read usterf ase
Il, ,inas some Both assn u,sssnas
tiIe rciiiiiusters have created tne presels NJ
-ffFiida al The bGndh ideFs. - :. Z, -.
s. s,s T,,s strutfris ttat tho average bondholder
!, :, T.nn,ios, DON'T know ttIe difference be-
, - srraifusfera ndn fatffesuakes Ten
- ono he tas never even heard OF l" re@
h Si,isIrnent. ssS Ali he knows Is that tne
state is q uefauffer, and that there y Tepas
dLat;nu element In tine Legislature. e-
; Governor Hoiliday is: now In the second
rsarof his reign, aBd according 20 all Ine
nrecedents he's ought TO lave by tbts lime Inc
eosioper The popularity which, Is q synonym
for newness In governors. Doubtless MS
EExcellsneye has sofaei apprehension the he
0isfatnees / ought, however, TO De ad-
mitted by friends and foesalike thai Cover
nor, Holiday deserves the creditor having
secured thetcoUperation ofthe bondholders
towards a settlement. The kindly attitude
,of the bondholder lis the direct result OF
\ the Governors confidential icommunicat! ons
with. Messrs. Barring and the Councillor For
eign. Bondhoidefs. 81 .hEGo'l1st -'. ~
1.-The readiusters seem to think tliat!sondes
thing may be gained by the repassage OF the
biIljof last session. Such talk is simply
solemn trffing unworthy of statesmen. Let
mo one, be decaiyedG II the advances OF the
bondholders are TOW arepelled~ with insult
the effect will be thar the Holders OF the
iundedidebt williretirei into Itheir position 81
absolute security, aDdin safe reliance on Itbe
Federal courts will defy attack L nus Inc
holders of the outside debt will be fereYer
left s. oItfin the cold" iiid ~" ~ 5t'' ,.g
The State debt can now be settled for an.
annual payment of interest not exceeding
tile amount which the State must pay on the
already funded debt. This amount cannot
be eyaded by any trickery whatever. Hence
the people OF the State will see that settle
ment which would satisfy oil the creditors
Of every class without adding to the respon-
sibilities OF the Commonwealth ought not
TO be rejected for the sole reason that agl-
tationis necessary to the political existence
OF Simon Purtanism-the worst Puritan
ism ever invented. ss -
Some extreme debt.payers seem to think
that the bondholders ought to be paid SIX
per cent, when they only ask for foHr per
cent. This is carrying honest principles
too far. II the bondhoIders had really been
scared at the threats CT the readjusters there
might be some reason in the argumeat, out
I don't believe the readiusters have bad
any influence whatever in producing the
present "era OF good feeling" The Flr-'
ginia bondholders in London are men OF
very high character, who, to great extent
share III the frieIdliness Virginia when
is universal among the educated classes OF
Euolisbmen. They are willing to help the
cid State as far as they can Justly, and the
more so because the Governor has managed
to inspire firm belief on this side the
water that the traditional Yirginian OF hIg.
tone and honor is still the typical citizen OF
the state. i.jl '.'- p ST. ANDREW.