The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-11-06

We reproduce this mornins from TIE pa
ne,s Of l,snchblrg. Alexandra, and othef
n,aces. articles which 80 to show that oul
lu,te editorial Of yesterday on the subject Of
The State debt really gave expression 10
what would seem to be, amongst the Demo
crsts OF yirginis, a universal feeling. They
Al, desire 70 have the publcsdebt question
removed from The politics OF the State
They are al, willing 20 make whatever con-
SESSIONS arc.permissible, to the Resdiuster
element in the party that voted The regular
Democratic ticket last Tuesday. They are
all anxicus that vlrgiaia shall not follow
Illinois, Pennsylvania, New York stale, OF
New York city, in having boss 10 rule her
Governor and Legislature. They are all
DESTROYS OF having no personal factions IN
this honored old Commonwealth.
We have no doub, that the creditors Of
Virginia will prove themselves TO be as
liberal as anybody could reasonably expect
them 10 be. They have not heretofore mani
tested any grasping plopensitiesnor any dis
position TO compel us 10 live up TO The let
ter OF our obligations, but have been eX'
ceedingiy considerate. We notice that a
movement has been started in EDgland to
bring about settlement between West Nir-
ginia and Virginia as 10 the amount OF the
debt las 1t existed at the end OF The war
which each State shall pay but this move
ment can result in no good either to the
bondholders or to The State OF Virginia.
Our Legislature has signi6ed in the most
positive and unmIstakabIe manner It's fnten-
tiou TO pay not one dollar more than the Nc
CULLocH bill provided for paying; and
the sooner our creditors realize that it is
hopeless TO ask anything more at our hands
the sooner will they stand upon firm
ground.
The McCULLOCH bill is dead. l. IS pity
that the entire State debt was not funded
under il. II IL had been, that debt would
ere now have become perfectly manageable,
and the people of Virginia would have be-
come entirely reconcIed to it. The whole
amount Of coupons falling due under it for
the first ten years OF It's operation would
have been less than million OF dollars an
nualy as against shout twelve hundred
thousand dollars Of coupons falling due an
nually under the funding bill OF 1871, be-
sides six hundred thousand dollars Of in
terest falling due every year upon the peeler
bonds and others. Our Treasury is stlll
embarrassed by tie large number OF cou-
pons coming into it, although the funding
OF even nine millions last year relieved the
State 10 some extent. But the bOnd-
holders made the irreparabe blunder OF
not funding when they bad tie chance 10
DO so. and must take the consequences.
The MCCCLLoCH bill has been consigned to
the tomb OF the Capulets. The opportunl-
~ that was afforded from April, 1879, TO
July, 1850, was allowed TO 90 unimproyed.
No matter whose the fault, the creditors
will have to pay whatever penalty the peo-
PIE Of Virginia may determine hereafter to
attach TO that fault. But the taxpayers are
honest, aud will imDpse no hard conditions.
All that is needed on the part OF either
debtor or creditors is a. disposition to re-
eognize the immoyable facts Of the case,
aud accommodate themselves 10 The same.