The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-10-11

cotH'' .ni,ucc Of the Richmond Disrstchl
tC@TS' OCTOBER 10, 1879.
.,.,,tr +. Barham. the Conservative
N, for the Senate from Inc fetersou,s
rom,.S, has written letter accepting .hs
GisI"a.,,nn. The practice OF his profession
POM. allow him 10 make an actife cam
WI y" me district. but this Will he gone by
'aS ,.;end,. DR.. Barham was III 'he Gil!
D. ,.-1sy, and was cord'a'iv mct ana re-
!f ',..a hy the friends Of the McCu'ioca oit''
r", Sscordant elements al tue 'a'e senate.
~ EE,nycntion have been harm"n'"ro' aug
!S r,rhsm. who is = cultured ana ednca.so
F,,i%,nan, will receive the in!i vote Oh Inc
>,>rryaliye party. c...,
.'-n.< Of Petersburg was Hcl1 inc acao-
21, = Nnsic last ni"nt. and addresses were
49,. W. ,.n,i nv Senator John ". Johnston.
1...,r,l ENpa Hunton. and Cn!onel IL. Is:
n,rsInr Jndre Allen. who was announced
f'H. MI wo< detained in Portsmouth, and
,.[,r,l Hrn,on supplied his place. a great
o'.yc, ,nrcd people, who are mani'e>t,n%
"".' interest in thc debt question, were
e...sa,, and remained until the close OF the
~. ,'-or Johnston made plain. practical,
-,HIn qrrnment in behalf OF the McCul-
.'.}INr,ia. 4 measure Of State policy OF the
,,s appearance and interest. He gave
--,,.frr, and detailed history Of the read
:',>.rr rargy and OF their course in the
>%,Erirr. which he declared to be highly
''..,,o,;>lcni add in marked contrast With the
>rr,c thew are now pursuing. The pro-
...,n, i1cy make are incapable OF fultilment,
' 'n5 compulsory Reimbursement would be I'M
linz. He reviewed with great clcarDeSS
"a iorca ali The arguments advanced by
..p.Yaiu.;rrS against the McCulloch bill,
"a ,noyyca how false and unIoundcd they
He nr-Scntcd incoEtroverti5Ie facts TO
..y. ,Ds1 the bill will not necessitate IN
i-.l>n OF taxation. and that the rere-
.,, derived under it will be suffi.
,..a, 70 pay the interest on the pub
H.. t,m, 10 thoroughly protect ana
,.aaor; The publ" schools, meet all the en-
,.r.r, Of the State government, and leave
'N.cd,omc surplus each year in the trcasu-
- H. apaIyZcd the Barbour and Bocock-
Y,yt,r ai!l<. made comparisons OF them
,r;,r n. Net ulIoch bill, and 10 the entire
b ,,i.f,cion ii the audience showed how ill.,
...,.Iy u,ciclablr the latter i to either Of
...et The pct argument Of Par>on Mas
-. ,nat Virginia now i not the same State
,..r contracted the debt, he proved 10 be
....rly worthless. aad not crcditahlc to the
,..r, and mind Of any honest man. And
..,'.,a. n the assertions that the State Is
,r.tl, ~ meet is OBLIGATIONS. The non
..y.nc and coupon features were also
..fy d;.ri,<>rG. lie showed how utterly
.nIo,,;hIr il would be TO collect Il
~ IN The bonds oi the State held
..rnqG end at the NGrth. with the names
f:,Er honGhoiGcr> unknown. and how MAN.
f..,,v unjust it would hc - collect tax
~ the resident hondholder> 3nd not from
-. who constitute the great majority
lad The plea ii poverty and inability
..,.y oar Obligations. he thought. was Deg
c.. tie cause. aud he pronounced the plea
.,.,;iui OF ans; unworthy the proud record
j.: glr.ini2 H.. warned biz hearers against
n.rruHlidcHce in the promises OF the Re
.#a.rrr>. Is thci, fruits We shall know
.t.r pIr>on Massey declares that the
>.a.. j. bankrupt aud unable 10 pay lis OBJ
...tIar>, and i CRYING out against the non
taxable bonds: and yc; lust year he intro
,r,r1 4 till in the General Assembly for the
,srr annually or SJ,000.000 OF nom
,ay,l'e certificates, receivable for taxes,
s., hr sold ut 50 cents in the dollar,
d r which the State would lose every
year y .u00. 900. The fruits lie bore then
!, will bear again. The ReadiuS;crs PROM
:, better things. hut they have never yet
i aid what these things would be. Senator
Jyan-ton then discussed the provisions OF
he NcCull0rh hiIl-what we would realize
niry Il, what we would have to pay, and
n how much We would save annually. 1t
q Will be forty years before any OF the prin-
4 c;aI NH have TO be paid, and in that time
tn" population Of Virginia will have in
" creased 10 some three or four millions, and
uuicr ;lr reign OF peace and prosperity
3 fHd tie enhanced value OF property we
q vii be able 10 pay il.
81 General EpDa liuntnn followed Senator
n ,llD>trn in powerful and exhaustive
"a ',.eCh. He declared that the settlement Of
u i-r debt i q QUESTION that involves the hon
IF and Integrity not only Of the State, but
81 q. very man. woman, and child in ii. 1t
"1ud therefore not only be honest and
8 honorable T. accept the NcCuIoch bill. but
i "ou'd be 10 the interest OF the people TO
b" bones, and 10 accept it. The people
B came out Of The war poor and without pro-
i~EtY. but they retained What nc power
could rob them of-hoaor. One OF the first
a1,> OF The first Legislature that assembled
aItrI the war was the recognition OF this
DEBT. And it was recognized by suisse
q GUcn, legislatures, rs well as by the Consti-
Stion. which was ratified by 4 majority OF
n 7AuUHt q the voters or the State, white and
4 cl0:rd. He spoke OF tue passage OF the
j 'aGdn. bill Of 1871. OF it, subsequent repeal,
q asloithc decision OF the supreme Court that
81 = ir a. those who had funded under this
81 iG were concerned it was an irrepealable
81 contract unless by conScnt or the creditors.
81 IAr McCuIloch bill had been accepted by
# De creditors, and the speaker clearly de-
M @'a''rlcd that ii is better bill than the
III III luudin@ bill-bettcr than any measure
$ Il devised for the settlement OF the debt
% 10 therefore, should be accepted by the
81 i~",r. II secures and protects the public
M "AooIs; II gives relief to The people in the
@ natter Of interest on the debt: il gives re-
"a l'gl = n one half OF the accrued interest: it
al WI pay oil The interest promptly and meet
E ~s 'ArtA>c> 0! the government, and Will
&6 w" surplus balance Of S400, 900 annually
III 'ae treasury. He did not believe that
~ -~ Mex. assessment would show q re-
81 --,U'n lii the value OF property in the
M NE lor, while. it might be depre-
al II che section. III others 1t
81 'Iu be llrgely enhanced. Aud even
IA ."'hg ihr argument OF the ReadinSttrs,
M ~~, 'Aric viii be Il depreciation of % per
M .' VIZ >AouIG stu. he able to support the
# l'!>, pay the interest ana expenses OF the
"A '>, a'd have balance OF over 100000
ID w.. }e"f III The Treasury; and this without
,ea>t Of taxation. All that would be
e, a'" would he that the people pay the
81 p@.,' ''Ae> >hcy are now paying. General
Is t'''n PAID his respects in detail to the
and . . l..
.A =, snd demonstrated by conclusive facts
On ~. ING Me- nllncll bill viii acrn,nnlish oil