In 1872, the Virginia General Assembly appropriated money to establish an agricultural college at Blacksburg. This college was created as a result of the Morrill Act of Congress whereby federal funds were appropriated by Congress and awarded to colleges which emphasized the teaching of agriculture and of mechanical arts. The federal funds were received from the money collected from the sale of public lands. Therefore, such colleges were called "land-grant" colleges. The college of Blacksburg, originally known as Virginia Agricultural and Mechanical College, was the first land-grant college in Virginia and is now known as the Virginia Polytechnic Institute. The recessions which took place in the United States in 1867 and in 1869 and the Panic of 1873 indirectly helped Virginia because, instead of devoting much time and effort to Virginia's internal problems as had been planned upon its re-admission to the Union, the Congressmen at Washington were busy with the national problem of getting the United States in a more prosperous economic condition. When the political parties held their gubernatorial conventions in Virginia in 1873, the Conservatives nominated General James L. Kemper and the Republicans nominated Robert W. Hughes. Kemper won, and the chief issue in the election was the debt problem. The Conservatives had advocated payment of the debt in order to maintain the credit of Virginia in the eyes of the public and to assume what they considered a proper obligation. However, some of the Conservatives believed that the debt would have to be lowered somewhat if it were ever to be paid in full and that, from a practical standpoint, it would have to be adjusted to the ability of the state to pay. This group of Conservatives was called the "Readjusters." In 1870, the state had been gerrymandered (districted politically) in an effort to create Negro majorities which would guarantee "carpetbagger" rule because the "carpetbaggers" seemingly had been very helpful to the Negro. The Conservatives who had won the election then enacted some reapportionment laws which resulted in the restoration of white rule in the cities. They also took it upon themselves to abolish approximately one-third of the local jobs created by the Underwood Constitution. In 1876, a law was passed which required the payment of a poll tax before voting in the state of Virginia. Although originally this tax was levied for revenue purposes, it automatically kept some of the Negroes from the voting polls because they could not afford to pay this tax. At the same time another law was passed, disfranchising all voters who had been found guilty at any time of petty larceny. Since this method had been commonly used by the Negroes directly after their emancipation, this law was criticized by some individuals as discriminatory toward the Negroes and contrary to the Fourteenth Amendment.