The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-02-01
The Funding Bill.

Thu DEMOCRATS among The Fundcrs IN
Copgrtss are very anxious 10 gel tue new
toedlug bill through tba, body before tie
an Of March, in order to prevent the sup
postd necessity FOR an extra session, when
won,d result from the failure 20 pass u.
Tho Republicans among the Funders arc
=, course not equally anxious to dispose OF
the bin before that time, seeing that their
Marty is more likely to gain than 10 lose oy
an extra sessiou--that Is, they are iike'y IN
case there be an extra session 10 get pos
session OF the Offices OF the House OF Repre-
sec,,,,yes some nine months sooner than
they would otherwise. AS VIC have hereto
fore remarked, we take 1t for granted ior
the reasons stated, that the House wiz
come 10 an Notwithstanding with the Senate
and tina, funding bill Of some sort accept
able 10 the latter body, (Which can demand
i,s owa terms because 1t cannot escape an
extrA session, and Is therefore not interested
in burrying through any such biii,) VIII be-
come a law before the term OF the next
President Of The United States shall begin.
What will be the nature OF the biliI
There are good arguments to be .oflered 10
favor Of several Of the propositions which
have been presented in the House. IL
would be a grand contamination 70 pass
Mr.. KELLEY's bill aud pay off the whole
seven hundred millions OF debt IN ten years.
Congress could then abolish altogether tue
internal.revenue system. This is compro-
mise bill tina, all southern men, especiaiY
those from the tobscco-growing otateS,
might well agree TO. But there are 100
many members who doubt It's success "
usiify us in hoping for its passage.
The scheme OF the Gree nbackers 10 pay
of the debt with greenbacks, and thus eX-
papd the currency-to reasonable eX'eh''
according 10 their notions, but TO Danger
on. and costly extent, according 10 the
opinion Of persons learned ~ po'ii'co'
economical scieuce-wili receive very few
votes. Greenbacksm is at discount ID
Congress.
The extremists among the silver men
wish TO make The Secretary OF the Treasury
nav oul all The silver and gold in the treasu-
ry in redeeming The sand per cent. bonds !;
or a, any rate most Of it. Perhaps they
weuld hardly have the treasury entirely de-
pleieJ. They also include an imitation iea-
ture in their scheme-that Is, they wouid
issue greenbacks in abundance, ana WIN
them buy all the SILVER our country pro-
duces, and with this silver money pay OH
A. hc,1s radoamahlp this wear.
There are many minor schemes before
Congress. Those we have noticed VIII sur
fee 10 give the reader an idea that so many
men 50 many minds is the rule in The ma
tiopal halls OF legislation as elsewhere.
A little imitation would not be altogether
bad. II would enliven business circles
wonderfully. The timid would begin 10
pul their depreclating money into houses
and lands; real estate would all nave a
price and old fogies would have to wake
M. Mr.. BEECHEE said in his lecture
here the other night that he wished
that the Grtenbackers had obtained posses
sion of the Government. We know that
he is no Greenbacker. He has no sympa'
tDy WIN lutt party. D"s Ill" '"""7"
their crude theories, put into pfactice ior
short time, would "educatc " the "com'
mon people" into practical knowledge oil
some OF the laws of finance, without doing
more iu the short space Of time they wou'o
be allowed to operate them to give
..boost - TO real estate aud stocks, and I'M
mart new life to business by frightening intt
activity good many people whose money
is now doing neither themselves nor any
body else any good.
1t is supposed that the treasury notes
bearing per cent. interest Will DC takei
by persons Of not much means who have
only very small savings to invest anyhow Of
anywhere. 1t is thought such persons
would rather invest their earnings wher'
these would be perfectly safe, even though
the rate Of interest be low, than to deposi
them 10 savings banks or elsewhere. TIL
a, any rate is an experiment that ought Il
be made.
In multitude OF counsellors. there
wisdom. We repeat, we are REASONABLY
confident that good funding bill will be
come law during this month.