The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-07-31
rcns,nng.
.,ron at all The objections which .a ,,, as,
ss ~ aliou 8 ti,a Met bill, mo


ANON at all ihe objections when , ,au W.
..snr, raise against the McL D.,'.,s
0ss :, Z more aonssnslcal than the cry tnae
~ 1sas .,,,,nrs are made receiy Tor taxes
~ 100. sha revenues Of the State are !" itisef-
80. ~ !, Nv the holders OF the coupons
Thsy are & intercepted exactly as s5 . com.
m,.sion merchant intercepts the revenue. - =
nd ratrons when be deducts irom Mnas =
i,ne 10 said patrons the amount Oh nol ):
s.h,eh no had lent to them. They are .'.l,,
I s.rcensed y lust as bank officer insercep's
!. dsnns,tors revenues when ne pays
.hssr drawn upon the bank by the depo'
-s,,o go ar note Of the depositor's placed IN
fhe bank for collection. Ihe coupons :.
rresent money due by the state anu y
4ronld be as discreditable and dishonest ISM ~,
sha state to refuse to pay them as it wouia
Ia yor the farmer 10 refuse to repay 70 MS
commission merchant borrowed money! u
the merchant to refuse to allow ms own
chects and negotiable notes TO be pald OUT
OF the cash he has In bank.
4.Coupon lawful word! ln oeaelai
a,nRrw JAcSsoS's day, when be was car
rv,np IN bis war against the United states
Rank. or "the monster" as it was oiten
s,yled. there were said to be persons WHO
snnoosed the national bank to be nVlng
monster. terrible as an army with banners.
Doubtless some OF Parson MAssEY>s VIC
Tins suppose that such Is the nature OF
sscoupon." Yet coupon is very harmless
fhing-a little piece Of paper bearing VIII
ness that the State OF Virginia owes TO John
SuITH three or six or more dollars. Now
70 an ordinary mortal it would seem aoso-
. ,ntely unavoidable, il the State wishes TO
he considered honest and honorable thae
she should receive these coupons lro"
JOHN SMITH for any debt tna1 he
owes her. In fact il the Legislature
had provided TINT no man should NC
allowed to pay his dues to the State IN the
States own coupons or evidences OF DEBT
that the State should make him pay her all
he owes her, but refuse to pay him anything
she owes him-the agitators would nave had
q real ground of complaint against the fund
ing act, instead OF, as now, being compelled
10 treat as an objection to it what Is in re-
atty one OF its most justifable features.
II will be recollecled by the reader that
for many years after the issue OF green
backs by the United States Government
that Government refused to receive them in
payment of customs.dues. From one end
OF the Union TO the other the cry was raised
that this refusal was wrong, and that the
Government must be made to receive its
own notes in payment Of debts due to it.
The Greenbackers, or fiat-money men, were
distinguished above all others for the
clamor which they kept up In regard
to this sort OF reputation. They were
every man Of them in. favor OF the
ssinterception OF the revenues OF the
General Government by the holders Of
the greenbacks. They declared that it |
was an outrage that the Government should |
refuse to take its own notes IN payment OF
debts due to its own self. And so it was.
Now, it so happens that in Virginia the
Greenbackers are the same men who OBJ
ject; to the States receiving her own cou-
pons for debts due to herself; and yet no |
man can poirt out the least difference
in principle and substance between the
two cases. The greenbacks are paper
promises to pay money. The coupons are
paper promises to pay money. The coupons
might just as we'll as not be print
ed in the same style as greenbacks, be
OF the same size as greenbacks, and be in
every respect greenback issued by the
State OF Virginia. There was nothing in
the world to prevent the Legislature from
having these evidences OF debt so prepared
as to be just like bank-notes. The mere
fact that they are small and unlike bank
notes does not affect In the slightest degree
the principle involved-which is that it is
Just as certainly and truly the duty Of the
State OF Virginia to receive her paper evil
dences Of debt for all debts due to her as it
is the duty of the United States Govern
ment TO receive its paper evidences Of debt ,
Tor all debts due to it. II the shape, size,
or appearance OF the coupons, is the only
difficulty with the agtators, their objections
may be easily removed next winter by the
General Assembly. Virginia can have her
coupons attached to the bottom instead of
to the side Of her bonds, and can order
them TO be made ia the similitude OF as
pretty bank-notes as were ever seen by an
agitator or demagogue.
Unjust not be forgotten that the coupons
add to the amount OF Circulation in the
State. They constitute anaddition Of nearly
q million Of dollars to the circulating me-
dunn Of the Commonwealth. In 1873, du-
ring the panic, they performed a most i'm
portant office in the character Of currency.
Bank-notes and greenbacks were so scarce
that these despised coupons were enabled
TO do q lasting service to our people.
Let the Conservative speakers explain 10
the voters the exact nature Of the coupon
and 1t will no longer be busbearln tnelr
eyes. They have been under wrong I'M
preston long enough; let them be unde-
ceived. AS no honest man will refuse to
receive his own notes in payment OF debts
owing to himself, so no State can honestly
refuse to receive its own notes OF coupons
In payment OF debts owing to herself.
st.1s. |
The Platform.
The Conservative party needs no other I
than that adonted nv III, Sto4. =