The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-10-16
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Especial correspondence OF Richmond Dispatch.l
OCTOBER IL, 1879.
As photographed the Dispatch last night
YESTERDAY. was q glorious leld-day ZOE Coh.
seryatisn In Louisa, and will result In much
good In the campaign in the county. Quite
a large crowd was present, md the anxiety
to hear the speaking was intense. a stana
was erected In the courthouse YARD Tor the
speakers, and we'll was 1t that this was done,
for not half the.immense crowd that fs,
tened to the discussion could have obtained
even stapdipg-room in the courthouse.
-yircinia's noble son and eloquent ana pa
triotic orator. Major John w. Daniel, was
nresent to hold up the cause OF ConserVa'
ttism. and Hon. John Paul, OF Rockingham,
10 represent the ReRdiustcrs. 1t was ar
ranged that Major Daniel should lead OF I'D
a speech of an hour and quarters length.
Mr.. Paul TO follow in the same length OF
fine. Major Daniel to follow him in half an
hours reioinder, and Mr.. Paul to re1oin IN
the same length Of time. At 1920 I. nj.
MAJOR JOHN W. DANIEL
was introduced, and the already large
crowd congregated around the stand pc
came larger and larger as Major DanleTs
patriotic form was seen upon the stand ne
commenced by saying that his promise 70
meet the people Of Louisa once went 10 pro-
test, but be was now here to ful1l tnat pro,
mise To the best Of his ability. tie declared
the question he was present to discuss was
one OF too grave importance-one Wnlcn
comes too near home in business point OF
yiew-to be dealt with other than graVely,
and therefore would not make any attempt
ut either elouuence or humor. he then
a. tha nt11fOrmS-
Conservative and Mozart HalI-and to COM
pare them. The central fact, be declared,
Is embodied in what amount OF debt the
people OF Virginia are in honor and duty
bound to pay. BY the NcCulloch bill the
aggregate is $32,977, 0OO.02. The Mozart
Hall platform proposes to pay "Yirglnla's
fair promotion after the severance OF West
Virsinia's two thirds" Mahone's Mozart
Hall speech, thousands OF copies OF which
have been scattered over the State, recog-
nizes basis of over S32. 200, 900, with per
cent. interest for forty-fye years. Major
Daniel compared the two platforms, and
then declared the difference between
them as to the amount OF debt Flr-
GINA owes to be exactly the difference
between six and half dozen, and II
the representative OF that party-tte MO
Fart. Hall party-prescnt to-day would Dnt
stand by bis principles, he declared that
there would be no disagreement between
them in this resrect. The next question
was as 70 the amount OF interest we ollcht
to pay. He declared that, having consented
to pay principal and interest, we have no
right to demand in law any less rate OF IN.
terest than G per cent. The McCulloch Dlil
binds us for per cent. for ten years, Tor
twenty years, and 5 for ten years-an aver
age OF per cent, or per cent. less tnan
all parties say is right, and what we are
bound for. Mr.. Massey says the bill binds
for forty yearS-as long as the children OF
Israel we're in the wilderness-b he DAN
ieN should think forty-ive years was i've
wears worse than forty. Nor Daniel next
to completely reGute the arSu-
ment used by the Readiusters in regard to
what Jefferson said about the obligation of
contracts, &C., and proved that Jetferson's
idea in regard to the generation that con-
tracts a debt should pay it in eighteen years
could be carried out under the provisions OF
the McCulloch bill to T, inasmuch as tue
bonds can be redeemed at any time after
the expiration of ten years. Major Daniel
declared that the difficulty was that there
are too many free. lancers in this campaign-
80 many people who don't staud on any
platform at all, and only Shrek about not
paving the debt. He declared, and tho
roughly proved, it to be plain questions;
reviewed the legislation on the debt, and
showed from the Higginbotahm case
that the Court Of Appeals recoS-
nizes the obligation OF Virginia for
the $40 100000. He "paid bis compll-
ments" to the absurd argument OF Massey
as to Virginia OF to-day not being the same
State that contracted the debt, and thought
the logical conclusion of such argument
was that "thls amt Virginia rs long as she
owes anything" He next turned his al
tcntion to the public schools and coupons:
The latter had been called the cutworms OF
the Treasury and school fund, and the sup
porters of the McCulloch bill enemies to the
public schools, which he would deny and
repudiate with scorn and contempt. The
Constitution of 1869 recognized two duties
(1st) to pay interest on the public debt, and
(2d) to set aside a certain proportion OF
revenue for public schools. The courts
have said the obligation to pay the debt is
antecedent and paramount TO the Constitu-
ton. The coupon lie declared to be right
in theory, and only an offset OF one debt
against another; fully explaining the ope-
latioDS OF the coupons, and that it is impos-
ment that one Legislature cannot bind a
succeeding one, he utterly denied it, and
illustrated it by example, which was appre-
ciated by all willing to be convinced by fair
argument. The case Of Antoni and Wright
was referred to as proof of the coupon
being fixed upon u, but not in an odious
way.
Major Daniel next proceeded forcibly and
looipallc tn show that Under the Or1yisions
OF the McCulloch bill there would be money
enough to support the government and
schools and pay the interest on the debt.
atty, he was sure they would be increased
in value in the cities, in Piedmont Vir-
ginia, portions Of Eastern Virginia, &c. !;
there would still he money enough and a
property be reduced in value % per cent. |
he schools would lose 5per cent. He next
declared that up to-day S1GS,000 OF coupons
Tor this year less than if the McCulloch bill
lad not passed was the result of its pas
age, besides the great saving in the amount
II interest and the gain to the SCHOOLS,
which he enumerated; and declared that 4
lebt OF gratitude was due to the bondhold-
RS.
HE GENERAL PRINCIPLES OF THE SETTLEMENT
we're next plainly and thoroughly eXempli-
led: and Mr.. MasSey's argument as to
os;ne West Virginia and slaves, &c, was
issected and pronounced an argument OF
and agrarianism and as TO
,ouaiizing losses, the proof OF the pudding
5 the chewing of the bag. "Now, John |
Paul and myself went into the war. We |
,ot bnIIets Massey didn't co in Now |