The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-09-06

STT1YRfsAY SE TEMBER $50 1lless Z.
i5ock,ncham Register for the MOL IS
loch Law.
Mr. contemporary Of tha+ Rockingham
pso;s,sr rIyes Ia bis adhesion 70 the MO
@ M , bin; he is not exactly an atlyo-
49, - he law; but he takes the course q
! w,se man, and one who stasds for. tae
welfare 81 the Commonwealth. me ie
rood sense and public devotion 81 to .,
R.ois,er are both commsndaole 90 I'll
refeetine men who could not faii Z % !,
favor the public welfare to piopo-
ai,ien That offered nothing to the aoyan-
tage 81 the people orthe State. Ihe edl-
tor OF the Register has examined tnat quese-
f,on. or the question between lbe McCuI-
IocH law and the so-called Resdiusters'
agitation, which only proposes the destruc-
ton Of that law, aud Offers nothing in the
world instead OF 1t for the public good. a
long study OF the question brings out sne
editor frankly in favor OF the McCULLoeHl
blu, and he urges upon HIS readers that that
law shall be respected and faithfully exc y,
icuted. We let the Register speak for Itself sci
as follows:
~ we would look at the question Ia plain,
practical way and from Q common-sense
standpoint. We find that after elgnt OF
nine long years Of wearisCnbe agitatlon that
settlement has been made and some ad'
yantaees at. least gained. The question Is,
Shall we accept these and 90 ior"asa 70
make the most Of them, or shalt we refuse
to accept and trust to the future lor son,e-
thing better? With the latter ALTERNATIVE
too. must be coupled the further consldera-
tion that il we determine TO look to the iu-
tnre the time may come when. Tor the
second time, through o corrupt Legislature
,c0rse settlement may be thrust down our
tbroats. Between this danger on the one
side. together with the hope OF doing some
thing better. and on the other side the ad-
yantages Of the present settlement. dlstaste-
fui in many respects, we are called upon 10
choose.
We can remember q similar emergency Ia
1890. when we were called upon 10 say
whether we would accept the new Consti-
tuition OF the State, all unsuited as 1t was
md still is to our wants. and thus KNOW Inc
worst that could come upon us, or reject u
and leave the future to the gloom ana arlx'
iety OF uncertainty and doubt. what was
the part OF wisdom then the history OF our
State. as compared with that OF some OF our
luckless sister States, has fully demon
strated. What would have been our rare
had we rejected the new Constitution ana
refused to be reconstructed ana feaamitteu
into the Union under it? The:part OF wis
dom then we believe to be the part OF WIS
dom to-day, 1t is choice between evils.
For ourselves we say let the funding I'M
der the new law proceed. The 6 per cent.
coupons underthe old law amount to nearly
81 SOC, 900 per year; the three per cent. cou-
Dons under the new law will only amount
to about S9jO.OO0. II the funding goes on
and is successfully accomplished we get rio
OF a 6 per cent. coupon and have
per cent. coupon in place. OF 1t. IL our re-
sources compel US 10 reSdiust the debt again
had we not rather have the latter than the
former? Who would not rather light
per cent. cou pom than 6 per cent coupon
n we can readjust the one. why can we not
readjust the other more easily?
The Register refers to the feature OF the
MCCULLocH law which allows the issue OF
certificates OF debt to be sold at not less
than seyenty-fve cents in the dollar as pos
sibly opening the way by which the public
debt may be curtailed through reduction
at some dav in the price OF the certificates
in question. We feel happy to believe that
there will be NO necessity to issue any OF
those certificates. They willnot be needed
but If ever, only for avery limited amount
and for very short period. But that is a
matter that will produce no trouble what
ever. The Register proceeds to remark
hat whether such means OF reduction OF
price in the certificates occurs or not,
9 let the funding go on, and we will have
:" 8 per cent. coupon to fight rather than
&c per cent. And, further than that, we
g will have all the debt Of the State upon
e an equal footing, and will get rid OF that
's most unjust and dlsbonorable state oil at
&c fairs heretofore existing, in which some
Sc of the creditors got all and others got
8, none." ~ Sac.
eve are opposed, therefore, to further
agitation Of, or repeal OF, the brokers' bill
al present. We believe that no good can
be accomplished now. The best interests
Of the country, where no good can be ac-
complished by contrary course, require
rest from an angry and protracted contest.
AS friends Of good order, therefore. we say
LET the matter rest for the present. s. i.
eve know that it will be urged that this
course will allow the funding under the
new law to become an accomplished TACT.
But what better can now be done- Sup
nose we stop the funding and repeal the
law. who is it that either can or will Snsure
as to a certainty OF something better?"a
Here, then, ia a sound and practical con-
clusion with regard to the debt settlement,
put forth by the Oldest newspaper inR Rock
ingham. That the same just and prudent
conclusion will be arrived at by the people
Of Rockingham, we can hardly doubt. We
have long known that county. Blessed by
Providence with the finest fields and richest
lands, the people are forced ito become
skilled in husbandry and thrifty. They
are s'so painstaking in tillage, and orderly
and devoted to peace. They would OF all
things avoid disturbance and the appre-
hepsions that come from doubt about the
future. They must prefer, as does the
Register, ..the brokers' bill" to further
agitation, 2 "S per cent" to $50 per cent?"
and crest from an angry and protracted
contest ,5asi.2gss
$50 moteit be-" and give to that paradise
on earth, Rockingham, rest and serenity.
with the right and liberty Of all her good
and happy followers OF tillage to sit under
their sHgar-trees and enjoy their buckwheat
ord yenisnn. and nobody TO make them