The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-11-06
Our debt Questiou--Ths Policy 81 Co.'S
seryRffyea.


servafiyes.
The readers OF this journal know thnt
from the very beginning OF the agitsfion OF
the State-debf question which has ch'mr
mated in the organization OF what Is known
rs The Readjuster party we have not iai-
tered in our allegiance to what we eon,
ceiyei 10 be the principles Of Justice anu
right. In other words, we have con-
tended for fair and honorable ser
Element OF the debt we owe 10 me
people OF our own and other STATES. 10
this course we have been Impelled-Drs,,
by sense Of right and duty and. secood,
By the unwayeriDg conviction that IDS
would be the best thing for Virginia 10 90
AZ a matter OF policy, never doubling, ana
not doubling now, that we, as people,
have lost more by the unfortunate agitation
Of this question tban he whole debt amonbts
to. We have lost, we mean TO say, IN money
an amount more than equal 10 The deH
and what has been lost in the demorailli.
ton OF our people and the looseniDg OF
| their sense Of obligation 10 creditors IN
general we could not undertake TO COM
pute.
II could hardly be expected that people
who were decrying and depreciating thelc
own resources and proclaimIng their st0lld
poverty TO the world would be successful
| in Iuvitingimmigration and capital INTO their
State (the great need OF Virginia to'dayb
while the advocacy by portion OF our press
and people OF the monstrous doctrine OF nor
chile readjustment," which IS simply ROD
berry. could not fail to repe honest, right
thinking people from coming here to share
our fortunes and to bear the odum that
must ever attach TO the citizens OF repu-
dating State.
These are the views that have influenced
us in the past, and that have impelled us TO
antagonize more sharply, perhaps tercely,
the party Of William Malone, than we ever
before antagonized any political party.
And, entertaining these opinions still, we
would resist "fOrcbIe reimbursement for
ever. and prefer, If our wishes could pre-
vail. to pay full interest and every dollar OF
the debt which the State OF Virginia honest
| Iy owes. This, we believe, would he the
| best policy for our State now, and certainly
more in cOnsOnance with the ancient Tepu-
tation Of Virginia for honor and integrity.
But we cannot be blind TO the danger that
threatens us in the future, unless this mise
rable question that has proved to be the ali
ment upon which demagogues thrive, can
be taken out OF politics. While we believe
that the Mlhone party, which Is the embOdi-
ment Of. the atrOciOuS doctrine OF "IorclOlc
reSdjusimeut," (public robbery, as we I'M
derstand it,) has been badly defeated III tue
late election, we dare not say lhat II j over
thrown; for t'c slme active agents OF EVIL
that have lTdS, d the State from end to
end, promulgating their pernlciOus doe
trines, still live, headed by man
who will avail himself Of the first OPP
portunity 10 revive the now dropping
/ 20 Of Nor will this
opportunity be lacking next year, when,
the pressure OF presidential and congress
sional election being removed, he will sum
mon his faithful allies" once more TO his
support; 10 put such a creature ~ Massey
IN the Cub. ruatOrial chair, crafty the aspi-
rations OF RidGlcberger by sending him TO
the United States Senate, and pack parcel
of bObtail lawyers and bys ers on the SUI
preme Court bench 10 inaugt rate revolution
! by arrayiug the judiciary OF Virginia against
The judiciary OF the United States. These
are only some OF the evils with which we
are threatened il we do not Kill the snake
that we only >cotched on Tuesday.
And now. how can this be done? We
answer: First, that we must abandon the
McCuIIoch BILL for it IS dead, and there j.
no probability that another dollar will ever
| be funded in accordance with it, provisions.
! Ii would be madness 10 try to force it upon
the people in face OF the opposition it has
evoked, with the certainty that the Read
justers and Republicans would unite next
year 10 elect Legislature and Governor in
favor OF it, repeal. We repeat it: The Me
CulIOch bin Is dead, and we must, through
conference with the bOndhOlders them
selves, Try to agree upon some other propo.
sition to which honest Readiusters VIII
| Iii, ,t,I flly nm
Of the hands Of the set that Is now dOml-
mated by William Malone.
With the fact, that is patent to Us and
should be to the b0DdhOldcrs, that the Ma
hone parry, as such, do not care TO have this
question settled, but prefer to keep it alive
that it may be an active principle in politics
TO serve their ends, the bondhoders should
be willing to put themselves in the hands OF
those who have been their friend, and the
advocates OF justice and equity to do the
best for them that can be done under existing
circumstances. And surely they would heed
the admOuiton Of and treat with their
friends. BY small concession on their part
they NAV place Us in such position as 10
enable us 10 defy Malone and his "ialthiul
allies" and save the State from mourning the |
disgrace OF " fOrcble readiuslment.' They !
may have TO do this or take worse, II The /
"aIlies" should get into power next year. /
1t viii not do to let things driH further IN |
the direction in which they seem to he tend |
! ing-to the point OF revolutions; ana so we |
sound this note Of warning to-day. IL has |
been IN our mind TO do 50 for weeks past, |
and we have ouly deferred II to await the /
issue OF the late election. The time Is (
piopiious now, while the Malone faction !
is crippled and humbIed, and we sincerely |
a. / i.Ha and conservatism !
enough in Virginia and in the ranks Of the |
..Funders," 50 called, TO accomplish this !
much.t0-be desired object. We are pre- /
pared to lead or follow, or to work any !
where with a view to such An end. And |
now let the organs OF the debt-paying Con- |
seryatiyes speak out on this SUBJECTIVE |
most important to Virginia, in any aspect |
Of the ease, that we could be called TO deal /
with at this LyRchburg VtYjnian.
BuiId Up Southern cities.