The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-04-12
Thc Debt Compromisc and inc New 's'f
Party.

s,t Party.
There are unnlstakable evidences int the
sorcible reHdiusters are resolved 70 make
Tho fight Tor new party on the platform
hid down in their Richmond convention.
Their success would necessarily bring rum
upon the Conservative party. They are
organizing in some counties, and are eager
TO discuss the debt question on the stump.
Only last week meeting was beid In Hail.
fax county for the purpose OF organizing
and making nominations, when the business
was post pnned for time; and on Monday
a tilt was to take place at CharlettesVille De-
tween Senators Daniel and smith, aoSo.
Gates OF the compromise measure as II
passed the Legislature, and Senator MASSEY
and Mr.. Paul, who opposed that measure;
Thus the campaign has begun. where ana
how will II endS .,,o
Whether or not the new party OF forcible
readjusters will grow strong enough TO De-
come an important factor In our State poll
ties depends mainly upon the course OF l'!-
ture events. Atpresent. as separate orSanl-
cation. It Is small In numbers and weak IN
influence, being composed chiefly OF politi-
clans and leaders, but 1t has a nucleus
around which real party may be formed,
and perhaps will be formed, il future events
conspre to-tbat end. OF course the condl-
ton on which the success or failure OF the
new repudiation party depends IS the dccis-
ion of the creditors OF the State in accept
ing or rejecting the compromise offered by
the Legislature. The forcible rcadlnsters
would much prefer that the creditors shou'd
decline the prefer. That is now Just what
they want. III the act providing for the COM
promise OF the public debt shall prove dead
letter and the creditors refuse to come TO
terms. this circumstance Of itself will great
IS strengthen the cause OF the repudlators,
who will use it before the people as an argu-
ment th.t the obdurate creditors are deter
mined to yield nothing, and that the only
practicable mode Of readiusting the debt Is
to force upon them settlement on terms
which the State can comply with. With
view to carrying out that idea the new
party will, il thus bostered up, endeavor
to have q Legislature elected next fall
that will undertake to coerce such
settlement. 1t is needless to suggest that II
the champions OF the forchlc readiusterS,
or repudiators, who arc by no means want
ing in resource and experience, Shall go into
the canvass under these advantages, they
will not be easy to whistle down; and 1t IS
needless further to say that II by any chance
a Legislature shall be elected next fall favor
able to the scheme OF forcible REIMBURSEMENT,
q blow will have been struck 1t the credit
OF the Commonwealth more injurious in its
effects than all the delinquency under which
the State has suffered in the past half-doZen
years. 49,,
II, on the other hand, the bondholJcrs
shall promptly accept the compromise, the
ieadiu>tcrs will be left without al inch OF
ground to stand on. OthelO'S occupation
will be gone, the agitation will cease, and
the new party now entering the contests Tor
the control OF the State will be so quickly
done for that we will all wonder what it was
begun for. This being our view OF the
situation, we are all the more solicltouS That
the creditors Shall accept the settlement.
We believe it will be better for them and
better for the State. 1t will certainly avert
bitter and demoraliZing canvass. which
must he more or less damaging to both pub
lie and private morals, to say nothing or the
pecuniary interests OF the creditors them
selves.
The Radical party in Virginia would re-
ioice to see the Conservatives split upon this
rock of the public debt. 1t would be their
npDortuni!v. There is no doubt that IN
many counties they would join forces with
the rea busters, and thus help to break
down The Conservative party. Indeed, VIC
can see evil, and only evil, TO follow from
Keeping this question opcu. with no advan-
tage to accrue from It's agitation to any one
except the office-seckers. and it will not be
long before the creditors will view the mat
ter in the same lish!.-DonutHe Register.