The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-01-12


Ga the 9th we saio TO the Baltimore Amer
lean what here follows:
1--WE saw to the Baltimore American, as
we said in The article from which II quotes
in ,,s issue Of Saturday, that II Is the Repub-
hcans--that Is, the negroes we fear
not the Democrats. II the american VIII
insure that It's party friends shall vote for
an honest settlement OF the debt OF Virginia.
we will insure the payment OF the entire
ihirty.odd millions. with interest al pei
cent. until paid. We are not weakening.
We are tryiug to save all that we can to the
creditors OF the State. More anon.'
To this the American Of the 10Th re-
sponded as follows:
"Hans up the more anon Let us know
inst what proportion Of the thirly'odd mt
hons IFS fear II .the ReDublicans-that Is 10
say. the negroes will constrain II 10 re-
rudiate." r..
No, one dime OF 1t that we know Of The
regular Democrats are, however, placed 'n
singular circumstances. They ma 'ha'
between twenty and thirty thousand whi'e
voters who ought TO be in their own ranks
are rea Nv 10 unite with the RepubhcahS
for. what IS the same thing in this State,
the nsgroes) TO repudiate outright twelve
millions OF a debt which the Legislative,
the Executive, aud the Judicial departments
Of the State Government have all over and
over again declared TO be debt Justly
owing by the State. They ind the Repub'
iicans Of The North, or many OF them at any
rate, led by man who is at once member
Of the Republican National COMMITTEE ana
the editor OF The party organ 10 the capital
OF the United States. giving their connie
nance to the plan OF thus repudiating those
twelve millions Of the State debt, and de-
clsring that the Funders OF Virginia are
only bogus Debt-Payers, whilst the So
called Readjusters are the honest and genu-
inc ebt-Payersl Now, it would be strange
IL the regular Democrats did not feel some
indignation In rejecting upon such state
of things. They are actually called upon to
stand up for the payment OF debt to men
whose patty associates aver that the debt is
not owing to all that is, upon the assump-
ton, which we suppose to be reasonable
one, that most Of the bonds Of Virginia
which are held in this country belong to Re-
publican capitalists living in the North.
"How much of the debt will our fear of
the negroes or Republicans constrain us TO
repudia,e We answer that The regular
Democrats have only 10 drop the subject to
avoid the question altogether. IL they bad
merited the obloquy which the american,
the Washington Republican, and other Re-
publican organs have endeav0red TO cast
upon them, they would be now free from
all apprehension OF any damage that would
follow to them or their party from their
course in regard to the public debt 1t Is
only because they are not willing to repu.
dia,e any of the debt that they have any
trouble on the subject. They might as
easily and as consistently as the Re-
publicaDs contend that the debt is too
large because Of the funding Of inter.
est in 1866 and again in 1871. But
they, unlike the americans Republican
friends, consider themselves as precluded
from taking such ground by the DIT cisions
Of the highest judicial tribunal OF the State,
and by the fact that the bonds are now in
the hands of innocent holders.
We need not pursue the subject. The
American seeks party advantage, not JUS
tice. 1t is not TO be enlightened or con-
WINGED by aught that we can say. When
more than one third OF the State debt is re-
pudiated-as it may be If an alliance for
that purpose is effected between the 1000
negro voters OF Virginia and the whites
who voted the MALONE electoral ticket last
falI-then the owners of the States bonds
will know, whether anybody else shall or
not, that the regular Democrats OF Virginia
have for years stood between them and re-
pudiatiop. Where was there ever party
with better record? The american ought
TO blush for the aid and comfort which il
has given 10 The repudiationists.