The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-10-02

each ir,habitans; while the. debt OF virginia
to-day is $50 per capita. Yet, with oil tnlS
heavy burden, Great Britain not only main
tanned her credit, but assured her prosperity
and power BY, so doing. In fact, to-day her
peopie had rather, because OF their conf
dence in it, lend their Government money
tb to place it in the custody OF the Rotbs-
childs. It is desirable, said Senator John
ston, that there should always be confidence
between people and their government. Tor
this insurcs the greatest degree OF pubic
and private prosperity. ....
THE COUPON FEATURE CONSIDERED.
Noticing the fact that Messrs. Fulkerson
Il Co. pronounce the coupon feature OF the
McCu!och bill a coutrivaDce OF the wicked
one, he said it is nothing more than an Off
set between man and man. The citizen
owes taxes and the government owes Ia
| terest on its obligations, aud why should ne
| be compelled to pay what he owes and the
| State not to pay him' what it owes? Here
be cited the fact that the old Virginia Trea-
| sury-note was receivable for taxes, and by
way Of climax declared the greenback IS
| perfect coupon, because by the law OF its
| creation and because Of the declarations it
| bears upon its face it pays taxes, excise
| dues, and cannot be refused in payment
for public lands. More than that, it
IS 4 legal tender between citizens.
| II it is good thing for the United States,
why not for the State OF Virginia? But, say
| they, the coupons anticipate the revenue.
| What, asked Senator Johnston, do we need
revenue for? Why, Just for three things
VIZ, to support the government, keep up
| the schools, and to pay the interest on the
debt. The United States, however. has
more uses for revenue than these, because it
may have foreign wars, 3nd yet most OF
these Readjusters have been clamorous for
the issue OF an immense increase OF these
very coupon taX-paying greenbacks, which,
according to their theory, are TO be held as
money as long as the government shall last.
| Senator Johnston commended that the cou-
| pom feature added a million to the circula-
| ton O! the State, and to abolish it, he said,
would contract circulation to that extent.
Surely, with the cry of more moneyaIl over
| the State, it cannot he desirable to do this
| now.
THE PROPOSITION TO TAX THE BONDS.
The Readjusters arc continually saying
the State bonds should he taxed, and at
their face value too-that is, $1,000 bond
which is worth $500 in the market should
be taxed as $1,000 bond. They do pay
tax as income in Virginia. The Senator
said that there is hardly county in which
horses arc taxed at an average OF over $50
| or land at its full value, and yet they want
| to tax the State bonds at three times their
value. This is not fair or reasonable.
THE GENERAL OUTLOoK-CHEERTNG IEDICA-
TONS.
Senator Johnston. in conclusion, took 4
| most hopeful view OF tie business outlook.
| He said the balance OF trade is in Our favor
and we are actually driving England from
har ptarl-afS-Sp1Iinr american Il
! in Sheffield and American cotton fabrics in
Manchester. Steam is making us mightier
| than ENGLAND. We will have 200. 900, 900
bushels OF wheat to sell Europe, where the
| crops have failed. The fresh, warm blood
| OF a revival OF business is already felt, and
| iron, which is the test OF the trade pulse OF
| the world, is advancing in price and actyi-
| ty daily Already, at Richmond, the Trcdc
gar and other great establishments have IN
creased their quota Of bands by hundreds,
and here at Norfolk your iron-Works have
| begun new career OF prosperity.
| This indicates speedy revival Of every IN
duStry dependent upon iron, including rail-
roads, ship-building, agricultural imple-
ments, machinery, &c. All this means en-
poymept for the mechanic, manufacturer.
and workingman; and soon we will no
longer bear the complaint OF hungry men
Your correspondent has only given IN
outline of Senator Johnston's speech, which
ought to be printed in full and circulated
throughout the State. The Senator is deeply
in earnest, and evidently feels the full I'M
portance OF the issues OF the campaign.
When he said to friend here to-day d"
want all my children to live and die in Viz
ginia,' he told how great is his devotion to
the Old Commonwealth, and how dear are
her honor and her welfare TO him.
THE ELOQUENT SPEECH OF MAJOR JOHN W.
DANIEL.
The fame OF Major Daniel as an orator
had preceded him, and he was received
with much enthusiasm. His speech was
not only eloquent, but bold and full OF ar
gument. | take it that it was in the main
the argument he has made elsewhere during
the campaign with marked effect. He han
died the Readiusting leaders, including
Parson Massey, with gloves off, and declared
they did not want q settlement OF the debt
question, because it is their political stock
in trade. Upon this they are elected to the
Legislature and get other official positions.
There was much applause when, IN his Pc
culiar way, he said, We owe the debt ana
ought to pay it, He. 700. used the hsurcs
OF the ReadiuserS, and from them .conciu-
SlSely proved ltat tue pcplIc oi ' - S't',''
can carry out the provisions or tile McCni-
loch bill, support the schools. pay the eN-
Denses of the State government, ana then
have handsome surplus every year. Ills
speech was relieved by humorous aI!tI'iou@
and eloquent passages, and his conclusIo"
WAS handsome and most effective. lie spoke |
an hour and three quarters, AID among MS |
hearers were some who had heard his SplcI- |
did effort at Portsmouth Monday night.
MAJOR BERRY DOES TIE BENEDICTloN.
In spite OF the late hour when Mr. W. W.
Berry commenced his speech, he WAS not
only able 10 command the attention OF lis
audience. but so interested them that when
he was about to close there were cries OF
= Go on His remarks were appropriate
and full OF spirit and humor. lie is most
effective speaker, and is doing fir>t-class
service wherever he goes. He. too, spoke
at Portsmouth Monday night, and made a
decided hit.
PERSONAL CAMPAIGN ITEMS
Hon. John Goode will speak in GraySor,
Wythe. and Henrico. General ". Ii. +.
Lee aud Speaker Alien speak here October
Sth.
When Mljor Daniel last night compIl-
melted Major Warner TaIIaferro. delegate
from this city, the crowd applauded most
enthusiastically.
Senator Johnston was not in the least IA
Il 4, frnrt