The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-07-21


notice yesterday but unintentionally over
looked when we reached II. II Is as io''
lows:
"There IS danger In entrusiing the con-
troll of the whole hw-making power OF the
Government 10 party which has IN almost
every southern State repudisted obligations
oul,e as sacred a. those to which the latin
Of the nation now stands pledged"
One OF the charges which in the North
the Republicans are In the habit OF making
against the Democrats IL that there Is IN TIE
Democratic party such tendency to disre'
GARD the obligation OF contracts that IL
wou,d damage the credit OF the Govern
ment AZ home and abroad for that party to
oh,ain control OF all three departments OF
the Government. In the Chicago platform
the Republicans claim, as they do in every
platform they adopt in the northern
States, that their patty has so managed the
finances Of the Government as TO have
made It's credit equal to that OF almost
any government In the world. They then
draw the inference, and they expect the
puh,ie 10 draw The same, that it would re-
sui, injuriously to the credit OF the Govern
ment TO restore the Democratic party to
power. They expect thus TO alarm the
fears OF the thousands OF bondholders scat.
tered throughout the Union, and TO induce
them 10 believe that the success OF General
HANCOCK next November will cause fall In
the price OF their bonds. and that by as
much as their bonds will for that reason de-
preciate by so much are they influenced
from pecunisry point OF view to vote for
GARFIELD. The language OF the Chicago
platform Is as follows:
"It has lifted the credit OF the nation
from the point where Q per ceut bonds sold
al Sc 10 that where per cent. bonds are
eagerly sought 1T premium" "lt has
paid SSss, 100000 OF the public debt" &C.,
DC.
The statesmen in the Cincinnati Conven-
ton, knowing that capital is always conser-
yative and timid, attempted TO offset the
above declarations OF The Republican plat
form by declaring in their own platform
for
a strict maintenance OF public faith,
State and national"
The Democratic Convention thus went
step further than the Republican, Conven-
ton, and included the duty to pay State
debts as well as the duty TO pay national
debls.
Mr.. ARTHUR, as IL answering the resolu-
tion OF the Democratic National Conyen-
ton, declares in the above extract from his
letter that there is danger in entrusting the
control Of the whole law-maklng power
THAT is, both the President and COngress]
to u party which has in almost every south
ern State repudisted obligations quite as
sacred as those TO which the faith OF the
nation now stands pledged" Now, what
say The Readiusters! Is not the debt OF
Virginia as sacred as those to which the
faith Of the nation now stands pledged ?
Does not the faith OF Virginia stand pledged
10 the payment Of the money which she
borrowed TO construct her railroads and
other internal improvements
Mr.. ARTHUR does not bring this charge
against the northern Democrats. These
have been as scrupulous in providing for
the payment Of the debts OF the States
which they control az the Republicans in
providing for the payment OF the debts OF
the States which they control. The credit
o! New York State as well as that OF New
York city is as good as that OF the United
States. The charge is made against the
Democrats OF the southern States. Thus
The bad conduct OF the Democrats OF seye-
raj southern States-among them Virginia
is held up before the voters OF the North to
brighten them from the support of the ma
tional Democratic party. How do Virgin
ians like the character which they bear in
the commercial worll3 When before was
this honored old Commonwealth held up
before mankind as an example OF bad faith
The lesson we would teach, or the moral
we would draw, is that neither the Demo-
cratic party rs national party, nor Gene
raj HANCOCK as the candidate OF national
party, is going to recognize the ReSdjuster
ticke; IN Virginia as the genuine HANCOCK
ticket. Suppose they were TO do so: what
would be the result in the North? The
probability is that they would lose more
votes than Virginia gives. No party that
counten6Dces anything like reputation will
ever be trusted by the propcrty-owners OF
this country. Bonds ought to be As safe
an investment as lands. Coupons are
entitled 10 as much respect as bonds,
both being evidences OF debt. The
Greenback crsxe killed of MIR. Thur
MAN and Mr.. HENDRICKS as candidates
for President, though both are sound
hard.money men. To issue irredeemable
gfeenbacks is to repUdiate certain proper
tlon Of al debts. II lie to take money out
OF the pockets OF the creditors and put 1t
into the pockets Of the debtors. 1t is to
injure irTemediably all men who work Tor
wages or live upon salaries. All such
schemes are doomed 10 disaster. There is
no help for 1t; they must die the death OF
the felon.
The Democratic ticket was framed by the
May Convention. That ticket was recog.
nized in the Cincinnati Convention when
JONI w. DANIEL seconded the nomination
OF HANCOCK; when Virginia voted for HAN.
COCK; when DANIEL, TERRY, BARBOUR, and
others a our delegates were placed upon
important committees; whenever the roll
was called; when DANIEL was appointed on
the committee TO inform General HANCOCK
OF his nomination; when II. A. CoGHILL
was reappointed and recognized by the Gin
clnnati Convention as a member OF the
Democratic National COMMITTEES; when