The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-10-04
srana Triumph Of the Mco ulloon S.a


,.r.na 1,.iunph ST the Mccullooh BIZ.
'T r,,s mort ;lisgraeefu! exbibition when
- ssas I,,,sters make cs themselves when
s ro' The wall and compelled 20 aamit
.hs,r entire failure 10 any plan OF reaai.sl-
mont. slough 10 full possesss on Oh the l.s
,.,.,stnre for two years, is their attenpt 10
e. me entire blame upon Governor HoLL'-
nv AMI, the Conservative party. Iney
impudently claim to have settled tue Wnoie
aeb. question by the passage Of the BAR ar
aouR bin, and as impadenily assert tp ~.
:, governor HoLLIpAY's veto OF that OIL
everything was thrown into chaos, and all
nroner plans OF Reimbursement were rem
dcred impossible. u 49, II,
Now, the glaring falsehood OF these asser'
lions and pretensions OF the Resd1usters IS
made manifest by every fact connected with
the BARBOUR bill on its passage and defeat.
In the first place, the bill was not INTENDED
to be one OF REIMBURSEMENT, and so declares
on its face, and by lis 5th and last sect'on'
as follows:
& Nothing iu this act shalt be construed
ss connecting The creditors OF the Staie "
compromise their legal rights; II oelnS lug
intention OF the General Assembly, py Tue
provisions OF this act, to relieVe me pfesem'
financial emSa. easements OF the State, WIN
q purpose to secure an adjustment oi Tue
nublic debt, with the cousento OF the crsall-
ors, IL practicable, and without o'scTamiha y,
ting between them, upon fair ana equitaoie
principles.
So that this boosted BARBOUR bill was no
adjustment at all, aud its cunning AUTHORS
knew it could not have been MADE one ny
any process OF law or additional legisiatloh.
It was only claimed to be intended as 4 tem-
porary s.reief to the 0hen) financial emDar-
easements OF the State" and finally 70 se
cure an adjustment Of the public deDt, WIN
the consent OF the CT ,;itors, II possloie.
THE BARBOUR bill, therefore, was nothing OUT
\ temporary and ingeniously-devised piece
of political iugglery to deceive the people;
TO keep the question constant bone OF agi-
tation for personal ends, and finally to SWIM
die the creditors OF the state out OF bosh tue
whole principal and interest OF their JUST
debt.
In the next place, the Forcible Read1uSt-
ers knew very we'll before the BARBOUR Ollie
nassed that Governor HOLIDAY would not
sign such a lawless and unsatisfactory bill,
and that il be were to sign it, 1t could not
possibly supersede or evade the funding
law OF 1871; and they knew, too. that the
creditors would never accept such worth
less and Intellectual " compromise " OF their
just and legal claims under the recognized
decree OF the highest court OF the State.
The boosted BARBOUR bill, therefore, like
the BocOCK. FOWLER bill, would have been
a dead failure, whether signed by the Gov
ernor or not and after the BARBOUR bill
was vetoed the Readiusters bad ample OPP
turity for adopting some other law OF re-
adjustment which would have readily met
the sapction OF the Governor, and, what
was still more important, the approval
and acceptance OF both debtor and creditor.
But the Readiusters entirely failed to &C
complish, or even attempt, any such deslra.
BILE result, and the whole question went
over 10 the last session OF the Legislature
without any reimbursement.
Now, let Us take these superficial and
worthless attempts at REIMBURSEMENT, as prac-
ticed BY the leaders OF that party, and sec
how they contrast with the honest, perma-
nent, and acceptable work Of readlustment
accomplished by the Conservative party OF
the last Legislature, and assisted by the
very best material among the Read!usters.
They introduced and passed the MCCUL-
LocH bill by a more than tWo-thirds vote,
and it was signed by the Governor. Even
had his Excellency vetoed it, no doubt it
would have been made law by another
two-thirds, vote OF the Legislature. This
McCuLLocH law was not founded in any
fraud or passed by any deception. 1t was
intended as fair and permanent readjust-
ment and to be acceptable to both the debtor
and the creditor. It's title is can act to
provide plan Of settlement OF the public
debt" and not, like the BARBOUR bill, a
temporary SuDterfuge to delude the people
and cheat the creditor. To make it entirely
valid and successful it was provided in the
bill that as much as $S,OOO,OOO Of the bonds
should be funded before the 1st OF Janu-
arv, 1880; and the most pleasing fact is
now announced by the Second Auditor that
more than that amount is already funded !;
so that honest readiustment can no longer
be defeated or checked by the rotten faction
Of Agitators now engaged in that infamous
attempt.
This is doubtless the browning triumph
of the campaign, and is " tinisher" to
the party of political tramps led by Ma
HONE and MASSEY. The BARBOUR bill is
no longer plea in their case; boosted ap-
peals to the Supreme Court can never be
made available in their case, and before the
ides OF November we predict there will
be no respectable portion OF the people Of
Virginia to follow their lead.
-
Mr.. Hunters Letter.