The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-10-01

We were very much surprised to ind IN
the wig Of yesterday the following para
graphs addressed TO the Dispatch:
"The Dispatch also says that 'tne NC.
Culloch bill was cut short In 1s oIe,a'on
by the efforts OF the Mnxarters anu tne Ie
suits Of last years election. Weueny 'na'
too.
efforts OF the Mozarters' 10 XIII " wese
thwarted by the veto Of QUE piedge.psvah
ing Governor, and it, conssltut'onanty "as
affirmed last spring by our money.respe,v
ing Court OF Appeals. ~ ia'ieo ~ 70 .nc
svndica,es when they had squeezed the
lennon ITO che tune Of clear SS000oO). rs
we have proved. They never meant 10
execute q. as we have proved, ana the Das-
mitch itself expressed doubt ~ TO us prac.
| tjcabllity--a doubt based on the TACT that "
was TOO GOOD thing for the syndicates.
The Governor can to-day execute the law
| II be can Gnd man, or men, who VIII take
nm the bill where the syndicates deliberate
| ly and OF purpose aforethought laid II down'
INT he cannot find the men TO deal Win.
Stock .jobbers do not purchase dry COWS J
and so. though the bill is still the law. u IS
| dead letter. Why have patriot Funoers
permitted II to expire
This is plain talk. 1t Is even italicized
/" The 6;n Is stu the taw." That does not
meet our point, which was merely that the
bin was "cut short In Its operation" How
ever. we can easily prove all and more than
all that we have said by witness whom the
WHO will not attempt to discredi'. we
give the following from the Richmond Wing
OF July 1, 1880, as satisfactory proof oil 'pe
Truth OF our statement:
From the Richmond whig, July 1, 1901
The McCulloch bill is dead-dead-pas
resurrection. IL died yesterday OF
ltreacherous abandonment at the hands OF It's
guardians, those eminent baby-farmers, the
Council OF Foreign Bondholders OF Lon
don, Eng" and the "Funding Association
OF the United States Of America. limited"
who made what they and the FuOders called
ga contract" binding the State but not
themselves, to "fund eight millions OF dol
lars OF the outstanding obligations oil this
State prior to the 1st day oil January, 1851;
and during each period OF six months, from
and after the 3lst day OF December, 1879,
an additional amount OF at leas; five millions
of dollars until the whole debt is funded"
This "exclusiye privilege" was to be for
lfelted IL the syudicates failed to present
for funding the outstanding bonds in The
proportions and amounts and during the
periods heretofore specified y; and "then
the Governor. in his discretion, may
make a like contract with responsible
parties for the funding Of the State debt
under the same act" The first "pe::,
rod" OF six months expired on yester-
day, and upon inquiry at the Treasury we
| find that I'D to the It'll OF January they had
funded only S7S1, 1891 81 Of the s5,OOO,OOO
they should have funded; and not one cent
since that date. And as the idea that our
Governor ain bis discretion" rather his in
discretion, can SNAKE like contract with re-
sponsble parties" is absurd, the McCul-
loch bill is dead, as we SAID, OF ABANDON
ment after il has put some million or more
into the pockets OF the cunning stock.1oD'
bers, who threw dust in the eyes OF Mr..
Henry, Mr.. Daniel. and other eminent
fnanciers of the Funder faction.