The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-07-11

.ase if we should repeal and go back 70 !,
ix For then, eyenifwe should repuah..e
me peeIer interest, the cousot interest on
Two thirds Of the debt alone Wou'u mahe
Ior ten years much heavier ou.oeh thah
the Nc CuHoch bill does.
n'he sponsors for the, bill-tnose Wpo|
voted for. it--liaye declared and deciallne :,
that twill not increase taxation. - =
does, then they are 10 be held accouh'aoio
for it., ~ I. ,u;onds th,t
this bill destroys, the school, iuhe. ! uIs
charge 10 one which my calculation aoes NV
sustain. The bill provides that no iuno,ns
can be done under it that does not orinS lug
bonds In the proportion Of TWO cohso's ~. W
one peeier. So that three Donds are suo
least number that can be fundea AZ any VIZ
time. II only three bonds should be 1uhaea
nnder the bill, it would increase the amount
NJ money available for free schools. lake
the case OF three ne.hundred-doliar Donas
presented, at one time. On two OF toem tue
hondholder is now getting, by his taA.re-
ceiyable coupons, six per cent, or taoet0s
dollars, The other peeler bond we pay no
interest on, simply because tue holder can"
not enforce its collection. But fhe Sl2 Oh
the other two we are paying ana nast
nav. AS soon as all three are iunded unaer
The McCulloch bill all three oil. them uraw
from ms three. per cent. or a1he uo'iaiS,
leaving three dollars to: 60 to the support
of free schools. 1t is as clear as cloudless
noon that every pair OF bonds funded unusf
ihis hin saves to free schools. ABOUT one
fourth Of the interest we are now actaa'iS
having. 1t is equallyns clear. that II we re-
neal and 60 back to six per cent. the schoo'S
will remain closed until we can deVlse anu
pass better bill. To repeal now VIII keep
the schools closed until The administration
of new Governor shall be. secured VINO
will favor O repeal. When that shall be
no one can accurately foretell. Ihe same
power that sat its foot Oh The Barbour Dill
will surely set its foot on any bill repeating
the McCuloch bill. The ueto still controntS
as.
Third. The proper course for readluSters
to take in the next fail campaign seems rea-
sonaby clear to my mind. Let us not iolce
any extreme or factious or frultiess ISSUE
that will further divide our ranks ana de.
prive us OF all participation In the ffuitS OF
our labors. 1t is perfectly certain tlat
considerable: portion OF our iorces VIII hot
90 for a repeal OF the bill. To force such
an issue now will tend to drive all such 10
increase the strength and sollti1y tne ranks
OF the late flinders. 1t VIII simply make
4 party of them and cause them to CO.
here as such. II will open upon us the
charge that, after demanding REIMBURSEMENT,
we refuse to take single step towards it,
under the plea that We wish to take longer.
one. 1t will put US on our defence
against the charge that we are after poll
ticaI ALIGNMENT, and not after relief 70 the
peop!e. 1t will cause our ranks to diSintc-
crate under the square defeat we thus pro-
woke. It will iasten on us the oulltn OF pad
management ut least.
Imagine not that am per sc the frlend OF
this bill. simply view 1t from the stand
point OF IST9-'S0. and NOT from thai OF
1879. ain acting on the presumption,
too, that the funding will 90 ahead under
it. | am now speaking after the passage
and under the absolute execution or tue
bill. Last winter spoke and acted prior
10 the passage OF it, and while reimbursement
had practically not been touched. INC
Allen amendment considered Legislative
outrage, and il repcalabIe it ought TO be re-
peulcd, I think. On this point there Is
some difference OF opinion, some aole Jaw.
yerS contending it can be repea're 1t
The pleasure OF the State now or hereafter.
II this should be true it may prove COM
paratlvc!y II lrmcsS.
Hoping you will agree with me III tueSc
views, I close by invoking your AFTERNOON
to the fact that il we are wise ana F'S'iin1
in our course tue public will not ial' 10 hoie
the truth that every concession made III
this bill, and every advantage 1t gives Tue
ncoDIe, is our work-thc WORK o! the re-
adilISters-and everything bad III 1t Is the
work OF those who opposed us. II they
had united with us in urging rcad!nstment
we could have gotten all we wished. They
steadily commended that we cond pay SIX
pcc cent. With such testimony in their
favor it is rather a wonder we succeeded in
winning any concessions at all from them.
| need not enumeratc my objections 10 the
bill. l did that in the House OF Delegates.
On the question what rcadiuster should
do, the advantages Of the bill should be
considered and weighed against the chances
OF getting any other bill more so.
Such is the desire among the people to end
the agitation OF this question, and TO avert
the tain Of evils which renewal OF It
would invite. that many OF them Will prefer
to risk this bill. unsatisfactory as il is, rather
than 90 back to worse one, with no clear
probability OF doing better, bat with Il Ger
tainlv that rcGi,cncd and prolonged agra.
tion will be an experiment the tendency o.
which Will he in every sense plDi'cIE ana
privately demoraliZlng.
Hastily but very sincerely, yonr friend,
|. C.. FOWLER.