The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-02-14

s,s,, Il, psve heef, less agreeable than We are
= nom aIYnoat convinced it will bee Enc Sis-
s anpn,s,,ueut, thus Tar, has been agreeable,
aud she conclusion. we cannot doubt, VIM
ne harpy ana prospe Torss. e,
we csnaos distEasf the future. Virginia
& mas been ID agony. Her people have been
sn s.iscord, in fear, and In distress. Her
Z s,ebt has oppressed her with anxiosss fore
!, holdings. we assert with conviction q
she truth OF our assertion when we say t !.
y;rcinians are sincere and honest peopiee,
,vYse never permitted themselvesto eonseam E
sspsate .sepudistion as POSSIBILITY. iaey
Telt taeir poverty, and they felt It especially
Tor the delinquency Il had forced upon their
state. They never thought q conference
.ssish the public creditor tocouslaer tae con-
{ saieson Of the State and tae proprtetg OF tsne
abatement Of some part Of the Demands
upos, ner as prudent: for the creditor and
y properly considerate. for Virginia until re-
gently. But the time had come when such
meeting was proper and no toagef TO pc pc
postponed. The meeting has taken place
\ and neither side has ansthing eoaeerning it
20 TEgTG1sS1drssSae@slE 20 t5ss
--se4M Misfortune aud the exigeacses brought
! shout by events beyond human control
y forced virginia into the part she has acted.
1 The public creditor, by Recognizing condi-
i xfons and taking steps to meet them, bas
averted consequences the extent and nature
.of which csnnot be fully understood or ap-3
-preclated. There Is much on both sides to
K afEord tconsoiations aud make bright she fu-
saure. The claims OF creditors are placed
! in position tnsuring the security Of pro
I portion OF their lust dues, which, with
ont d settlement now, would be dimln-
ished iearfnlly in the realization at o.
subsequent date. Besides, the settlement
now in Virginia viii turn the tide which CD,
Z !. has been setting impetuously towards
ultimate reputation, We. have but to re-
member how The volume Of public !despon-
sdeney and complaint-how the lamentations
over fancied woes and poverty go, on In
rreasing in force and desperation until it is
Impossible to assuage them or impress the,
moufners with the idea that they may go
/! too far. and that there is no occasion Sfcr'
their extravagant distress and woeful mani
Seststions. Il Is while these excuses are
rushing; like contagion through the land
.that troubles multiply, Indebtedness accr-'
mulates, means to meet it diminish, and
misiortunes Of hundred varieties accumu-,
late and burst upon the country, carrying
disaster and hopeless ruin wherever they
spread. XIX as.,s.
That an arrangement which avoids this
dire extremity is made is happy indeed for
the creditor, and no less happy is it for the,
debtor, It will benefit the fraternity Of
capitalists by stopping the tendency to-
wards an irsensibillty to the disreputable
fame, Of infidelity to. public obligations.
That checked by the example of Virginia,
there Is good reason TO- believe that a
better state Of the public mind in the
whole South will be brought about, The
Federal Government has succeeded in estab-
fishing public credit for the National
Government that is Unsurpassed in. the
civilized world. The State OF Virginia
taking steps to place her State credit in the
condition OF solvency-to give to the Yir-
ginia name the reputation which it has
!. won and worn so Justly and nobly-we
cannot doubt that her sister States will be
emulops to follow her, example, and to take
position In the sisterhood OF States that ex-
onerate them from ,censure as helping to
impair that credit which the General Gov
eminent has exalted .sto the most elevated
position. as4gst< .t&Iatg =
What could be more desirable than that
Virginia should occupy this position-so
honorable to Ter abroad and at home-and
by this to restore peace, thrifty industry,
and contentment to her children, who have
so long suffered from embarrassment and
apprehension aud, more than anything
else, from the disturbance of agitation and |
the terrors OF the means and groans and
;Moeful pictures drawn BY the respondent
and the faint-hearted and by designing
dernagogues. Il, ., sI, G''' III; -
Happy must be every man who figures In |
she action which brings about so much hap.
piness, 50 much peace and. prosperity 20
Virginia and her true and noble people. Il
si3iet,a ;tsgia .l.;yF Our Road ysi,3 lzatIt