The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-02-09

long session or she Rsadiustcr eau.
ems Saturday.

ems BHt0ktetys
ADopnoy OF TIE h'IoLEbth6ER RE
anyust,rf; yLIMis .vroR FOR THE SET
TI suryr os THE YU,.Lc DEBT OF vlR
GINA : THE FrATUsEs OF THE NEW
BrLL-PoLITlcAL ana PRACTICAL DIS
CONTENT IN THE BANKS cF THE PARrf
The Readjusters worked hard saturday:
They were In caucus neatly all day, and
tbev talked long and loud atout the various
plans proposed for eflecting settlement OF
the debt. II was manifest % the close OBJ
server fthss reporter, for intance) that tbe
majority of those present deiired while they
were shaving down the principal TO take OIL
big slice.
But they were poor, undisciplined re-
cJuiis in the face OF q contact and deter
mined organization. They had no we'll
considered plan upon which 10 rally.
On the other hand, Mr. Riddleberger's
bill, drawn up with care, endorsed and ap-
proved by some emin ent lawyers Of Rich
mond, Petersburg, and New York, recon-
mended by letters from .ssyeral northern
hondhoiders. and, more Than all, urged
with emphatic eloquence by General
Malone, seemed to meet all the demands OF
the situation. The opposition tried by
various devices TO consolidate the caucus
upon figures less than s2O,OO0.O00. Mr..
Turner's s12, 000,O00 per cent. scheme
was voted down; Mr.. Fulkerson's s17,0OO,-
600 3 per cent. one shared the like fate.
Others went the same way.
TIE RIDDLEBEEGER BILL ADOPTED.
About 1870 the caucus, finding itself
without a quorum, took recess until 2:3O,
and decided to take the final votes, COM
mencing at 4 O'Clock. At the latter hour
talking was stopped and the Riddleberger
bill adopted. The vote indicated bnt little
over quorum present.
There are quite number OF ResdluSters
who decline to be satisfied with this bill,
General Malone to the contrary notwith-
standing, and they threaten TO do terrible
things.
But the chances are that they will quiet
down.
The bill agreed upon by the caucus pro-
poses 10 pay per cent. interest upon
$40, 900, 900, which the preamble reclteS Is
all that we Justly owe after eliminating
West Virginia's portion, compounded and
war interest, and all that sort OF thing.
There are. OF course, to be no tax-receiy-
able coupons on the bonds Ben e, as the
ReSdius,erS conceive, the father OF all our
present troubles, they will not be INDUCED
in. The bonds are 10 be taxed like other
property.
KURIoUS KOUPON-KILLER.
One OF the prominent and particular fea-
lures Of the bill is the authorization OF a
loan OF 81 ,000,00 per annum, TO which any
tax payer may subscribe the amount he
owes for taxes; and when the Taxpayer
paws over the money be is to receive a cer-
| iiGcate OF Indebtedness from the State fol
an amount double that which he paid over
said certificate to be receivable at par by
all collectors for any or all taxes due.
This is expected to force down the price
OF coupons and coerce cOnso-holders
while the heretoiore-mentiOned provision
TO clog the dockets OF the courts with "cou
pon-killlng snits" will take away from
those who tender coupons for taxes thell
rights as now understood and recognized
All OF the coupon-killing certificates ar'
to be issued by the clerks OF the courts
that Is, practically under the waichful eye
OF the recently-elected Readiuster Judges.
| -.-------.IlzI.sS -.vpT7F-s,-r-D-
The act IS 10 be submitted 10 the peopl
for ratification or confirmation
1t was said In the caucus that 1t would D
submitted at special election in August
but if we heard the bill Alright (and W
rather think we did) the day for said cleo
ton was left blank.
Grave political contingencies are SUI
posed to turn thcreupon. II in the cours
Of the next two weeks it appears that ther
will be q faint prospect OF clectng an "ur
pledged" electoral ticket, then the det
bill-if 1t should not be vetoed-Wil D
thrown into the November election to floi
Rcadjuster congressman and electol
through. Otherwise it may be submitte
at special election.
WE CANNOT LEAVE YE.
The reporters of this paper, who have
carefully unused" the Readiuster caucI
for two months, were at one time on Satu
dav congratulaiing themselves that the del
bill settled they would be able TO gay trl
+ Farewell, my own" and leave 1t TO
p down 10 pOsterity on its own hook.
. Rut we find we cannot leave it yet
The caucus at which the blank in the b
r is to be filled-the day for the electlo
. determined upon-will be amusing and c.
citing. and perhaps instructive. Then an
there we will hear all about the 'u
nledgedv electoral ticket, congressional q
= piratons, presidential chances, &c' In vie
< Of the importance OF that caucus, oil
b :. bedroom attachment" has been strengt
= ened. and we have as good as got all q
. speeches in full.
e ARNORY FOR THE FIRST REGTMENT-MEE
= r>-c or Tup .JOINT COMMITTEE on FINANt