The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-02-20
! e,;nstars s,onvention.


a Read clusters Convent Jon
here seems To- be a possihi lity sthaI e,he
genuine read ussers- men who really desire:
- rea,i;ust the public deos--n.aY capture a'ns
tl,e convention proposed 10 he held I'M eass J.
INV usss Tnesdsy. We baye carefully sersl. I.
tis,yed Tic resolutions adopted by the ccu'li
ii meet nes, ana End IN some OF them nope
snIinaiea,iens that there viii be 10 thatcon-
5vven,son 4 number OF gentlemen who VIII ~
advocate, the acceptance Of the oondholderss,
proposI lion. !:
.;5jAxss 81. WILLIAMS, Esq, OF Wtnches-
Ter. Is one OF the delegates appointed fro '
Frederick county. He some time since
suggested q plan for readiusting the pubic
debt which was less favorable to The state,
il we remember Alright than the plan now
nending in the General Assembly. we
saw, too, note from one 81. d. WI" .fi q q
winchester paper, which note aayoeateo
the Acceptance OF ibis latter plan !. and , we
guessed that Mr.. WILLIAMS was its Ia: aut tho
Besides, The resolutions passed By the Fred,
erick meeting strongly favor reimbursement.
We quote two sentences: ~ IVY
"That the said delegates be requested TO
support apyiplan that will secure such an
adjustment on the basis aforesaid.
Is That our delegates in the General AS
semb!y be requested to advocate and sup
port the, passage OF iaW ehectinS IN au-
iRstment on said basls.0 sj
The basis is stated by the meeting:
]" Always been willing TO devote to the
payment of interest on the public debt OF
fhe State the entire balance OF the revenues
OF the State after providing Tor the sup
port OF the government OF the same on Tue
most economical basis, and the support OF
the public free schools" 50
Not word is said as to coupons; and we
infer tina, the above resolutions donot mean
that the BARBOUR bill isto be sine qua non
The Culpeper resolutions are On the same
model, though we are not so confident that
these do not mean to make the BARBOUR
bill.their "Gnality." Two Of them read as
follows:
8. Resogyed, That any reimbursement OF
The public debt which ccntemplates or nd
mits OF possible increase OF the present
rate of taxation will not be tolerated or sub
mitted to by the people.
4. Res0lUed, That no settlement OF the
public debt ought to be made between TIE
State and her creditors that Will not fecog--
nize a rerfect equality between them, and
which does not do equal and exact Justice
to all classes OF her creditors.
The houdholders' proposition is not ex-
Guided by either OF these resolutions. On
the contrary, they read as II they might
contemplate It's adoption il it would cause
no increase OF taxation and would put the.
" peters, upon an equality with the tax
receivable coupon bonds.
The second Culpeper resolution de-
nouuces RoYALL's society, and is mere
buncombe, chat society having no members
so far as we know except the 80; who are
not ut all dangerous to the Conservative
party.
The purposes of the Culpeper readjusters
are declared to be:
ain conformity with these views and de-
claratious, and IN The order herein set toTth,
the revenues OF the State, derived from the
present rate Of taxation, should be appro-
printed
"1st. To the support and maintenance OF
the State government.
s.2d. That Il public free.school system
should be kept we'll organized and upheld.
"3d. That whatever may be the balance
OF The net income from all sources COM
bincd should be appropriated to the pay
munt OF the annual interest OF the puDlc
debt"
AS we look at it, the bondbolders' propo-
sition meets these conditions substantially.
It will take only 100000 to pay all OF its
coupons; and the remainder OF the revenue
will suffice to keep up the public schools
and the State government.
Note, too. that there is nothing said about
tax-receivabIe coupons in the Culpeper
resolutions. Mr.. BARBOUR, however, made o
speech, and in it may have said what the
resolutions omit TO say. " ~,
The Tazewel resolutions are as they
follow: IN
1. ReSolped. That we regard Reputation
as an evil as dire AS that bankruptcy which
will inevitably destroy Virginia should the
requirements OF the funding bill be exacted
OF her people. and that We regard speedy
and final readjustmento of our public debt as
the ONLY sure escape from one or the other
OF these disasters. >,isa
3 That the taxable property OF Virginia
can bear no heavier burden than that now
imposed by law; that we are opposed to any
increase thereof, and that readiustment
based upon the revenues derived from the
present rate OF taxation will be fair and
equitable. :. &
8. We denounce as monStrous wrong
the abstraction and diversion Of the public
free-school fund from its legitimate object,
and we look with confidence to the Legisla-
ture to prevent its recurrence.
Any friend OF the bcndhclders' PROPOSE
ton who was not q iunder would have
voted for the above resolutions. They con-
template settlement OF the question.
They do not mean that it ought to be Kept
open. Iii
Protection for the School Fund.
There can be no question as to the Justice
and cxpedieney OF using all proper means
to protect that portion OF the revenue which
~ 1io In