The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-08-06
SATURDAY MORNING, AUGUST 6. 1881.

proportion TO its frui:i Ard is real estate
less valuable when rs products have In
creasedf
The PREDICT Of iron had increased 10 the
las. decade A. per cent. The gross product
for the census year ending June /, ISs0,
was 5000 tons. In two furnaces iD Ale
ghsuy county in 1857 the product would be
about $1,000 tous-equai 10 the whole Dro-
duct Of Virginia for the census year OF 1880.
A tract OF and worth "a 900 10 that county
has on II tO-day furnace erected in 1881
worth bali a million Of dollars Are we
getting poorer
The persistent effort 20 reduce the assess
ed value Of realty in Virginia ia the last as
sessment was 10 induce the belief Of inabil-
ity TO pay Virginia's debt as 4 means OF
leading her people 10 repudiate ii. The
Conservative Democratic party fepudiated
all such devices 10 bring the people 70 the
preeipice Of reputation. We condemn and
denounce II.
The present rate Of tax will carry on
the Government aud public schools and
pay interest on the public debt il refunded
at a reasonable rate OF interest, as the Con-
servstIye-DemOcracy have tried 10 do aud
will do.
Look at the United States
In 1876 the Secretary Of the Treasury
proposed 10 refund their debt at Il per cent.
The Democrats on the Committee Of Ways
and Means insisted on per cent. They
prevailed, and now per cent. United states
bonds are quoted at 1l6.
10 1879 so the Secretary n The Treasury
proposed TO refund The residue, 500, 600, 600,
al per cent. The Democrats on the COM
miitee said No; we must have a % per cent.
not 10
negotiated.
In lSS0-'S the Democrats reduced The rate
to per cent, and President HAYES vetoed
%; and now Secretary Window i refund
ing al . per cent, when eighteen months
ago the Administration said they could not
negotiate less than 4 per cent. at par.
Next winter we believe we will refund st
3 per cent.
Thus the annual charge Of interest on
paper OF the United states, which in 1873
was over one hundred millions, will By
Democratic policy be less than sixty mil
li0ns-a saving oi over forty millions a
wear bv the Democratic party.
u Virginia will satisfy the financial
world. which i now full OF money, thAt
she Is able and willing 10 pay her debt, she
can settle her debt on 3 per cent. basis as
we'll a. the United States; and this our
party is pledged 10 use every proper means
with consent Of creditOr-) 10 DO.
But how can we do itf All The bonds
of 1901 are payable in 1881 at the op-
ton Of Virginia. Let Virginia. with her
credit redeemed from the damage done D
BY the party Of Reputation. 20 into the
markets and negotiate 4 loan al 3 per cent.
and pay her g per cent. bonds unpaid
under act Of 1901, and al our debt eX-
cept peelers and a few sterIiUgs will be at
/ 3 per cent.
Tben whltg
With our present revenues. az present
rate Of taxation, we will carry on govern
ment. support our public schools. pay in
terest on debt, and have a surplus 10 our
/ Treasury.
What them II j. Democratic policy 70
have no surplus 20 be stolen or wasted. We
will then reduce t1IeSi The maintenance
Of public credit will be true economy. IL is
the parent Of low interest. Bad credit in
man or state Is the parent Of u>urious rates
I Of interest.
Mr.. Tucker then turned TO the public
schools.
The Conservative Democracy recognized
the full settlement Of the policy Of our
school system by the Constitution Of Nir-
ginia. We obey The Constitution and law..
| We bow to them and pledge ourselves 10
sustain these schools for black and white
children. We will not burn but build
school-hoUses. II any man ,aid John Dan
fel or ANYBODY else wished 90 ourn school
houses. Mr. Tucker said be VA, authorized
bv Mr.. Daniel IN hi, speech before the Con-
vention 10 say it was false. and The man
M gbt call and settle with him
Mr.. Tucker then closed with an appeal
for dispelling q an doubt ana inspiration
of al futb IN success faith which lo0rt2,
works by love for our cause. which viii
puHfy and elevate Our virtue and sustain
tha honor Oi orr mother Commonwealth,
and which shall overcome the world. the
4 3D.. and the Repullltors of Tie >ll.e.
SYNOPSIS 0F CAPTAIN N'EISNEY's -PEBCH.
The committee appointed 90 inform Cap
tain Mckinney Of bis nomination bad great
difficulty p ind'ng him. and Do introducing
F. BIN 'otle Convention reported through tie
c1a.rml1 w. E. SIMS ,a4t they found him,
sf.er great labor. hid away, hhe saul. when
tie prophet sought 10 ann0int him King ot
Israel.
Captain Mckinney aid tblt be could offer
valid excuse. TIlt be- hsd heard that he
va. % bo the next Aucruey-Gencra. 0l
/ Virginia. and had already entered upon the
/ discharge f bis duties. That tle committee
I had found him IN tbr stale Library, where
/ be was inspecting the records.
He thanked ihe Convention for the honor
which rad been conferred on him; con-
gra;ulated the party on lhe nominations Tor
Governor and Lieuteuant-Governor; placed
himself on the platform; said thlt Virginia
was always Democratic and would not now
change her policy. lie was thankful that
whilst biz adversary was leading a party
which was seeking 70 droit "Africl ~
/ the war" our party was making DO
war. but was calling on white men
/ 10 resis, the threatened invasion. BE
ridicHled the idea that this Convention
composed a. it was Of The representatives
/ q toe property-hoders, the industrial IN
tere,ts, and the l4b0rlng Glasses, should
/ seek D. impose unnecess Try burdeas OF TAX
alton on The people 0f the state or hat,
representing - 10 did the ra,Ii0tic, intelii-
gent. and educated people OF virginia,
should attempt 70 ietter toe public schools.
Ha Indignantly denied that be or any
other representative on The ticket Woud
fan 10 give their earnest support 70
I the fIee.SchOol system. he SAID 10
answer 20 the baseless charge that Dlniei
/ sdvCclted the burning oi the free school
I houses that the picture of this Convention,
I il u could be placed on canvas, was com
plefe refutatiOn Of that charge, aud would
be better than an insurance policy. lie
pledged his undivided energies 20 the sue
cess Of the party and TO The discharge Of bis
duties.
He was personally unknown 10 large
part Of the Convention, bot bis appear
snce. manner, and words won upon the
Convention. and all felt when he concluded
that they had made no mistake IN the nomi-
nation.