The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-10-08
-, q. r,snt % be paid Within Forty
4 Nv A 80 Wears,

VEDNESDA 80. 49, : u
4 No Debt 70 be $40 pasa ~.s
: snporsaas fact GOT ire aen''s a ~. =
:. nyassca by eithcr sonr GonseFsa' -, ~
80 :. A. the press Is the constant anu iu
tss.a 1870 satsebood which the AS1tators ase
n the habit OF depressing upon lne m !, .,s
~ the ,,eopte that tho States creditors uo,u
over our heads a tremendous ana 49, ~. !.
.h,e debt os millions Of dollars aeGsapusS
s,n,,ss,oss settlement dollar for dofiar, auu -.
,Ss,,s The impoverished condition o. our
49, u ,,,tes It I'm possible for them to pay
80 aa,,,s, These shysfers may not slate
aus, enforce sbis tassehood IN alfeee 'asi
.,,,sse. for there Is little OF canao8 y.
strn,b in what they teach or practice; OUT
49,. ,ns,nuste IL and seek to impress II on
s,,e minds oil their untainking folio "efs cy
=, ,.e force and Establishments which the'f
cunnine and Language can convey, ana an o. nave
no tIoubt succeeded In the5r vile purpose =,
convincing thousands Ct weli-intentioneo
,s.ar,s that The burden Of our debt and tax
a.;on nil, he so SO great. oppressive, ana a'''
mediate, IL the .McCUILocH bill Is ssuees -
that the farmers' crops and amos 's, ans'
chants, dry goods and groceries, sIo. u.
.vn,rir c.too,s of the workingman VIII paw
10 no ho;sted at public auction in a year o.
500 end sold to satisfy the enormous oe,
s.,nauds and iusasiate greed OF the ''o'o'''o
bondholder." ~ tbo,,.
- ,rh;s we saw, is the impression OF 1noa'
s,nds Of unthinking people, whose minus
boyo been wrongly biassad and 'si ieei,Dsa W. :.
,na;ced acainst the creditors OF the s'a'e
NJ ,be corrupt and Infamous teachings Q,
+ba Mozart breed of Regulators. bul
what are the real facts IN the casss .onee'
ne kcCuitoch ta,o the people OF Vt,g g, .
LII not boye one dollar Of the Stote aeos %
s MN for forsy years. That law makes DO
's,snand upon us for one dollar OF prince.
,,ol within that Ions. period OF time. u nat
,saa, 600, 900 OF debt will stanq .sinpl!
as Il is, without being lnerea'eo ~
.a,,n;r;sbed until nearly every atax~payef
cow living will have passed away 10 anne
where no taxes viii be demanded ana no
nena,lies exacted OF an honest ana uprlso'
man. During the present generation tne
principal of our debt, though large anu
annoying, will not be- the Welgh1 oi q
Feather 1ipon the heads nor extract one cent
from the pockets o., our people, ana "ne :,
nav.day finally comes forty years, hence II
;ndeed if come at all, can anybody douot
FOR moment that our grand old State VIII
no In far better condition to meet hef osh'
gatioas than she is now! -.
BY 1919, when our day OF grace. vi
our bonds will expire, it Is falr 10 us
sumo that our population VIII nave
reached to 8, O0O,OO0-at least 5000, ooo-h'
stead OF only 100000, as now; 1nat the
material and other sources OF uhpounueo
wealth which now lie comparatively dor-
mani within our borders will then nave
snrung into full life and activity; that our
fields OF agriculture, OF fruit and cattlc-rals-
1no will have expanded into millions OF new
and productive acres; that manufacturers
and industries, and trades, and arts OF all
kinds will abound in all Of our HILLS ~ val
leys beyond what the Ilveliest Imagination
can DOW picture; when. We say, TINS cen
tury and generation have passed away ana
our incubation and wealth have SO vastly
increased and expanded beyond their
present developments, and when Mozart
Halps corrupt breed Of demagoSues and
Renudiatiouers have passed from the meD''
ssra 10 a6fe Ag GF Sa t RES aE
question Of the ample ability OF Virginia to
pay every dollar OF her debt without op-
preston or the Willingness of her then
three millions Of population to protect the
% honor and credit Of their State and ances-
tots? Will they growl then at fifty cents
tax on the one hundred dollars, or be dis
honorable enough to plead, like MASSEY
and his clan, the act Of limitation on an
honest debt contracted by their illustrious
State and honored forefathers?
We should be sorry indeed to think that
any such corrupt and dishonest blood as
this was passing down in the veins Of our
present, generation to poilute that Of the
generation and century next to come. But
the debt OF Virginia is not even compelled
10 be liquidated in 1919. Neither State nor
, national debts are made on the assumption
that they are necessarily to be paid when
due. Such loans are intended as safe and
permanent Investments, and will run
indefinitely il the interest is prompt
1y paid. A very large portion Of
England's debt, amounting to millions of
pounds, has been running for centuries, and
will continue to run for centuries }enger IL
she protects, as she has always done, her
honor and credit by prompt payment OF the
f'stersst. Virginia can. do the same on the
same principles of honest dealing with her
creditors, aud our $4,000, 900, which are.
now held, like a funeral pail, over the peo-
pie OF Virginia by the Repudiationists, can
be made to ran for a century. longer win
nothing but fair interest promptly ana
honestly paid by the people. -
The IMPRESSION, therefore, anXloas'y
sought by the Mahoneites TO be lncu'easeo
ia the minds OF the people, that great
debt is pressing upon them SSh1ch mes are
compelled to pay aud unable to Dear Is a
salsehood OF the first and most dangerous
magnitude. Not for forty years under the
Mc(z1,Loc,a law will the people have to pay
one dollar OF that debt, and che only de-
rapd TINT will or can be made upon the
4 - <ho+ time syill he q rer cent