The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-02-26
lobieetions to the McCulloca bill, and the

Sts-.E f;8EJt tlf1s NPsafa tGsz r
}obiections to the McCulioch bill, and the
IfolIowing:. i sf,ts 40 ~, .,s51Ts, 80 4
! In view Of alb these facts beleaguered bs
clamorous host without aud bcset BY o
combination within-you, tie good people
OF, Virginia, have seen fft, through yorlr
primary assemelases, to delegate us TO d
general convention for the purpose OF taking
such action apd makiDs, such deeiarasiogs
as the existing posture OF your affairs de-
naEG;;i and being now duly convened and
forganized, having sdeliberated as To what
seems best for the common welfare, not
forgetting what is due to others nor what Is
due to you, we, in your behalf, declare-
/. That Virginia fully recognizes her fust,
liability for her fair proportion Of the public
debt contracted before her territory was
divided into two separate, distinct, and In
dependent States i,,.zat,..I,... - -
2. THAT Virginia can never recognize any
liability whatever for that portion OF the
public debt OF undivided Virginia which
should attach to West Virginia. =.
3. That IN any settlement OF Virginia
with her creditors the annual interest Of
thereeogrtZedin edindebtedness must be brought
within her revenues as derived from the
present rate OF taxation. =
4. That the capacity OF these revenues
to meet such interest must be determined
by deducting thereirom the necessary ex-
penses Of government, the apportionment
to the schools, and the reasonable appropria-
tions for the support OF the charitable in
stitutions OF the State .s,,a II
5. That these limitations should be care
fully ascertained and guarded, so as in no
event to allow the primary obligations OF
government and people to be subordinated
to any other demands whatsoever.
G. That settlement within the limita-.
tions designated is the utmost stretch Of our
ability to pay, and should be satisfactory to
the creditor as the furthest exaction he can
fairly insist on. :@
7. That any settlement to be final must
rest upon the sovereignty Of the State, and
find its best security in the goodwill, the
good faith, and the honor Of the people Of
Virginia. - 0....
8. That the sovereignty Of the State can
not be pledged nor delegated except for the
public service, and when so pledged or
delegated is at any time reyokable BY: the.
Legislature.
8. That any sels-exe cutting lien upon the
public revenues, such as is given by tax
receivable coupons, is against public policy.
and degrading alike to the State and the
people. u. ....t.....- -- ....-... .-...n
10. That no discrimination between her
creditors can be made, sanctioned, or al
lowed by the State in any readiustment that
may be consummated.
II. That Virginia should deal directly
and frankly with her creditors, and should
never under any consideration place either
their claims or her revenues and obligations
in the hands Of Intermediates who are not
completely under her control and direction.
y. That all exemptions from taxation
not expressly authorized by the Constitu-
ton are special privileges that are intolera-
bile in free and equal community, and
cannot be afforded in the present condition
CT our finances.
13. That the rate OF taxation in Virginia
is as high as can be borne, and that so fur
from entering into any undertaking that
may necessitate an increase OF taxation
hereafter. it is the high duty OF statesman
ship, as it is pressing necessity OF the peo-
pie, to provide as speedily as possible for
dimnution OF the public burthens.
IA. That it is the will of the people, and
should be the object OF every department OF
government. to protect, sustain, foster,
and improve our-free-school system sot1at
no child in the CoIap'on :. eai.h-ssa,, VIC uo-
prIyel of tire DleSsfpg5 OF euuUatiou.
10. IDdG fGlOTut difu CConOmyt al AL "a
compatible with efficient service, should be
energeticalIy pressed in the administration
of all our affairs in State and county gov
ernments.
16. That the full and cordial recognition
Of these principles and declarations by the
people Of Virginia and her creditors is abb
solutely essential to any dnlica6le readlust-
ment, and no readjustment in which they,
or any Of them, shall have been neglected
can be final, certain, and satisfactory.
II. And the more etfcctually to assert and
enforce these necessary conditions Of any
settlement OF the financial difficulties OF the
Common wealth, the following plan OF Or
ganization is adopted.
The plan alluded to is in many respects
similar to the Conservative plan OF organi-
zation. 1t is in the form OF bylaws and
constitution. ..... ....... 49,.
DR.. J. A. Mchie, of Albemarle, read a
paper stating bis views and substitute ror
The committees report. The substitute was
voted down with great unnnimity--lt was,
in fact, not german. ---.-.---~
MIR. BARBOUR. -......
Mr.. james Barbour, Of Culpeper, was
| called upon to address The convention. de
spoke at length. The Barbour bill was his
text. By that measure he stands firm; and
he declared that il would long be The chief
est article in his faith concerning the debt.
Mr. Barbour held the floor for an, hour
and half.
THE coLoRED BROTHERS.
MIR. Riddlebereer was next called upon
for a speech. He stated that the convention
/ hrrn n