The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-10-23
Ifl,,,lond patch.
THURSDAY -. OCTOBER a 9, 1872 1879.
Tha scnooas.

r,ha anount al coupons which WaH WA y,
$50 -. 'ann,,aly after the MccuLLocn n w
nal, nave zone into full operation VIII o .,
s 49,. ,,sn ten hundred thousand dollars.
This amount will include noe only tue COW
Mons ,,t,en the consols, but also upon W. .p'
nee,ers: or rather upon the bonds wnscn
are 10 he exchanged for coupons ana per =,
sr,. The amount which matured annuaiiy
under the old funding bill, upon Which spe y,
slate win be thrown back If the ID cCU IN !,
,,n No defeated. was about twelve hundred co
,honsana dollars. Here will be q large an"
80, aar;ng to the State In the money which
sna swII, have TO pay out for coupons ''';-,a
saving OF over two hundred tnotis :. !,
dollars in cash, which may be applied
. 81 the maintenance OF the public schools.
Resides thus furnishing over S20O,ooo 70
the school fund, the McCULLocH btil "si'
save to the State annually 100000 OIL inter- :,
est which ever since the old funding pill
weit into operation has been accru'ns a.
that rate per year and been piling up an
immense NEUTRALITY-SUSPICIOUS. against .ne
commonwealth. And these large sums Tue
State will save every year SO long Us ~.
tbree.per.cent contract shall last. AT Tue
end 81 that period, sue will in all prooao'i'
;tv he 40 much better off that per cehs'
viii bea- mucl, less heavily upon her tnan
3 per cent. does now.
Can any true friend OF the puDiic scuoo''
hesitate moment as to the vote Wnich nc
ouobt 10 cast on the 4th day OF November
surely the head OF the public-school system
orcbt 10 know whether the McCULLocH Dill
w;lI onerate for or against the welfare OF tue
schools. DR.. RvFFSER declares that he Is
now. and has from the beginning Deen' IN
favor OF that bill. Is not that sufficient EVIL
dence to the friends Of the schools? Every
body who knows him well knows that he is
devoted to bis charge. His name, fame, and
future welfare, depend upon his being able
TO make success OF the public-school sys-
tenn. His seli-interest, therefore. II ne had
no higher motive, would impel and compel
him to oppose any measure OF Legislation
which would iniuriously affect that system.
The people of Virginia may rest IN the as
surance that he is true and trusty 1rleha
OF their schools, and will do all that patriot
ism, philanthropy. and regard for his own
rpputstion demand OF him as the highest
in Virginia.
Surely. however, it is not necessary TO
invoke Dr.. RUFENER's name. The people
ought to be able to see for themselves That
the McCuLLoCH bill is the only present
hone OF their school system. If that Dill
could be stopped in its operation, every
coupon bondholder would fall back upon bis
6 per cent. coupons, and every peeer bond
holder upon bis 6 per cent. bonds. 1t
would be worse than trifing to offer our
creditors another resdiustment. They
W ould spit upon it, and defy US to do our
worst. They would so to law, and before
the State would or could get through with
her suits the public-school system would
have persisted from the face OF the earth.
We ask you to study out this matter for
voters Of Virginia. See that
YOU do not allow your judgments to be
clouded by passion engendered by the ha-
raugues Of demagogues and office-seekers.