The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-09-02

IN virginia until upon visiting the STATE
they lesrned lhst her best people were 10
yaxor Of paying the pubic debt ana
among al the norihernmen who have come
10 virginia within the last few years sno
invested money In mines, msEuiactures, or
railroads, we suppose there are 'e"
q apy who are moi opposed 70 re-
pudia,ion in every shape ana io,n' .
Like our own people. they oes'o 'n",
the Commonwealth shall De renew.
from tbe incubus 0! constant agitatiou "pu
turmoil. They are anxious TO take tne s's'e
debt out OF politics, ADD restore anouss' ~,
real neople OF Virginia that cono'non OF
o6od ,eeIIog which prevailed before h s'
iustment bad ever been heard OF. invS
ylsb 10 settle the public debt once Tor al' }
hut ,hcy know that this cannot be done by
the RrppLEBERoeR bill, or auy other scbeme
which propose, to demand Of The STATES
creditors tbe; they shalt give to her iO'''-
seven dollars ont Of every hundred for
which they bold Der consol bopds.
Don't iell rs that you are genuine re-
adjusler il you favor The RIDDLsBERGER
hin rs a measure OF readiustment. Not one
single creditor Of the State who holds
consol bond will ever surrender his bono
under The operations Of that bill. Every
man Of them will Indignantly refuse even
tocousider such proposition. just thlnh,
honest reader. Of the propositions contained
in that bill, and then ask yonTseh whe'ner
such propositions were framed Win 'De
expectalion OF being accepled9 Do you
believe that any bondholder will for one
moment entertain the proposition lhat oe
shall surrender a thousand dollar Donu
welding him sixty dollars year 10
interest and take in its stead q Dopo
for $3.50 which would yield him less tban
SIG q wear? II seems 10 be generally con-
csded tba, The bondholdefs would exchange
their per cents for 3 per cents II they
could be assured that they would never
again have any trouble In getting Their in'
,eres,. and that they would receive In due
time all The principal justly due them; but
there can be no good reason given Tor e2-
meeting bondboder to surrender not
only hall Of his interest but nearly haltfoi
his principal. There can be no expectation
upon the part of any sane man that such
measure would quiet agitation for even one
yesr, or secure even temporary settlement
OF the public debt.
RecolleSt, toe, ye Democrats, thai you
imperil The. success OF the national Dem
ocratic party when you imperil The success
al the Democrats OF Virginia. Even nov
the Republicans count upon the votes OF
Messrs. PAUL and FoLKERsoN being cast
next December for their candidate for
spesker Of the House Of Representatives,
ast}eneral MAHONE's was cast last spring
for KELLOGG over LAMAR, and CONKLINe
over RANSOM, for the charmansbiPs OF I'M
portant senate committees. Rteollec', that
next year-iust one year after the cleo
ton Of November, 1SSl-a House OF
REPRESENTATIVES. will be chosen which
will last until new President is IN.
surura,ed, and that IL Virginia fails to
stand by the Democratic parry THIS
wear, she may fall again next year, and,
falling next year; may fsilto east her cleo
toral vote In 1884 for The nominee OF the
national Democratic party for President OF
the United States. There may be danger
ahead.
The RIpDIsBERaER bill, II II should be-
come law, would be dead letter. Eight
millions OF dollars OF the State debt we're
refunded under The MCCULL0cH bill-and
fnfSf0FtI1up for
Virginia that all OF it was not funded IN
der that bill; but there would never be one
million Of dollars funded under the RIDDLE
BERGER bill.
Docs a state debt ever die? Don't you
believe f.. There are DO bankrupt laws for
States. Forty years ago, Mississippi re-
pudia,ed her debt; and Justly repudialed
II, Y ever a debt was justly repudlated'
And yet The GreeHyille (MississippD Times
was very recently commenting upon sug-
gestion which had been offered at an i'm
migration meeting in that State that "ii a
tender OF the lands which had been for
feited for taxes were made to The holders OF
her repudiQted bonds as an equivalent for
their redemption il would be great thing
for the future Of Mississippi" Forty years
after their attempted Reputation the States
bonds are alive and kcking"l Surely II
settlement is to be had by Virginia that
will be a real settlement IL cannot be made
un9er ,Se RIDDLgBERGER bill.
.Lst as have peace" said General GRANT
on a memorable occasion. "Let US have
peace" Virginlans. Let US have
peace. But let us not delude ourselves
with the notion that any scheme OF repu-
diation can give us that peace. No, no..
The debt must be settled by men in whom
the bondhoders have con6dence-by men
who are opposed to repudiation-by the
Democratic Conservative people Of Vir-
gluia-by JoHN w. DANIEL and his sup.
porters. Do not doubt that be viii cooperate
with The Legislature in whatever plan OF
settlement iha, body may agree upon. Let
US, then, have a settlement that is a settle
ment-ore that win cause our children's
children TO rise up aud call US blessed.