The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-01-22

25til5of Februafg next, ia order to sheeklei
and bind in inject 8 admission homo fable
and irlaspenden leg isiatofs, who are Urged
to4defys the will OF their constituents, who
elected them With instructions to ex-
fiaust oil fair and honorable means;
10 bring Hb3Ilt satisfactory read5 nst-
ntent OF the debit. In such meetings CoD-
servatiyes $50 calledls ndependeDfa and he.
publicanc,, hive come together on common
platform; and aR~aHalys of the mem hefs
composing them will present some Gu flous
and interesting facts Tor the pubic. SUP
pose you yoke them In pairs and. trot tne
team out for public amusement and crlti-
scism? Their efforts have been thus blended
for future cooperation aud utilization as
uoliticaI party now organized to carry out.
their dangerous and blighting schemes
They undertake. to. excnse themselves TOT
such course by charging that the debt'pay-
ing .ssoclety", recently formed OK Conser-
yatiYes, idiyines, Republicans, ana others,
have organized for the purpose OF dislnte-
grating and; ,oyerthrowiDg the Conserva-
tive I,arty, wien it IS well known
to the public that such society" as
is declared In its address to the people, has
FORTS sole purpose the preservation OF the
public credit and its circulars set forth the
u
a political; or party organization, and il 1t
were it should not be countenanced for
moment by the great Conservative party OF
the State, to which we owe SO much OF
loyalty and gratitude for the inestimable:
public blessings it has bestowed ppon
people who would otherwise have, compare
lively. been in chains and Slavery to the Re-
publican party. Any set of men-who under
take to 20 outside OF the regular Conserya-
tive party to settle or readiust the State
debt until it bas- failed in its pledges
and proven itself unworthy and incapable
of controlling State affairs are untrue to
party discipline and to the high behests OF
Conservatism. But with this complex state
OF affairs staring us in the face the question
arises, What are we to do? The path OF
duty is plain, in my opinion, and any tenn,
porizing policy will result in defeat aud dis
aster. When the public creditors aud their
come on the 30th Instant let
the General Assembly receive them in be-
coming and dignified manner, fully lay be-
fore them our condition and resources, and
make the best possible terms, honorable to
the State and Just and equitable TO them, ana
thereby youehsafe victory to the party, the
people, and the bondholders. II, however,
we should fail, then the responsibility VIII
rest on those who recklessly shoulder u;
and woe Hetide the man or set OF men VINO
dare precipitate such dire result upon
ueonle sick, and sore Of agitation, and who
demand settlement of the debt by this
legislature, especially at q time when so
man propitious influences are combining
to cause the great end 80 much desired.
The issue will then be sharply drawn. The
asitators and regulators will be arrayed
on one side seeking the spoils Of
Office, and the readjusting debt-pay-
ersi and the people OH the other
striving for the best and dearest interests
Of the State. The platform Of the latter
must then be the Uttfmdtum and best propo-
sition from the creditors-for no honorable
compromise settlement can be made with
out the cordial assent OF the bondholc-
ers. This policy and none other should or
can win, and no agitation or reputation
party can stand before the people when
such issue is fairly made. But all future
contest OF the kind can easily be ayerted.
we know, beyond question, that the cred
itors will rot ask more titan four-per-cent.,
uon-taXable, tax-receiVabe coupon bond as
a full and final compromise and readjust-
ment, and. they may concede even more-to
the State. lats @ir u ....
We also know that this Legislature did,
winter, referred to above, agree TO accept
as fnality registered non-tuXab!c, bond,
bearing three-Ier-cent. interest Cor elgh-
teen years, and four per cent. for thirty
two years. And we further know that 1t
will be hair-splittins or housekeeping
business, utterly unworthy OF a statesman
or Il State, to chatter about the small differ
ence as shown when ciphered out between
such best u(tinatuGn DrODOSitiOn from the
creditors and the Bocock-Fowler PROPOSE
ton, which stands unrepealed on our stat
utes. So let legislators heed and take
warning, for the party that stands up
in the conference close at hand for the State
and her creditors against all schemeIs and
obstructionists will secure the grand mea-
sure OF relief clamored for in no uncertain
sounds by the people OF every class aud
condition---the final reimbursement OF the
public debt. Therefore we should rally to
the aid OF the Governor, who continues to
labor so faithfully and manfully for better
terms, and the oyer.hadowiug result
must speedily come, as the ground-swell OF
public sentiment that is pressing like an
avalanche upon representatives will coerce
it. Then his name, aud ours, and those
bondholdcrs and their representatives who
have striYen so unscltishly and nobly in be-
half OF our tax-burdened aud war-ridden
State will be written in imperishable letters
in Virginia's proud history, and, embalmed
in the hearts Of our people, will go down to
posterity as household words. SENATOR.