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A conductive material comprising a V2O5--P2O5 glass and a second phase dispersed in the V2O5--P2O5 glass, wherein the second phase contains a crystalline V and O compound and a crystalline metal phosphate compound. The crystalline V and O compound is at least one of V2O5, V4O9, V2O4, and V2O3. The m

A conductive material comprising a V2O5--P2O5 glass and a second phase dispersed in the V2O5--P2O5 glass, wherein the second phase contains a crystalline V and O compound and a crystalline metal phosphate compound. The crystalline V and O compound is at least one of V2O5, V4O9, V2O4, and V2O3. The metal phosphate compound is a phosphate compound of transition metal or alkaline-earth metal. In a visual display device, glass spacers are bonded to glass panels with the conductive material.

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What is claimed is: 1. A conductive material comprising a V2O5--P2O5 glass and a second phase dispersed in the V2O5--P2O5 glass, wherein the second phase contains a crystalline V and O compound and a crystalline metal phosphate compound. 2. The conductive material according to claim 1, wherein th

What is claimed is: 1. A conductive material comprising a V2O5--P2O5 glass and a second phase dispersed in the V2O5--P2O5 glass, wherein the second phase contains a crystalline V and O compound and a crystalline metal phosphate compound. 2. The conductive material according to claim 1, wherein the crystalline V and O compound is an oxide selected from the group consisting of V2O5, V4O9, V2O4, and V2O3. 3. The conductive material according to claim 1, wherein the metal phosphate compound is a phosphate compound of transition metal or alkaline-earth metal. 4. The conductive material according to claim 3, wherein the metal phosphate compound is a phosphate compound containing a metal selected from the group consisting of Zn, Mg, Ca, Ba, Zr, W, Mo, and Fe. 5. The conductive material according to claim 1, wherein the material contains the crystalline V and O compound of 10% or more but not exceeding 50% by volume. 6. The conductive material according to claim 1, wherein the material contains the metal phosphate compound of 10% or more but not exceeding 50% by volume. 7. The conductive material according to claim 1, wherein the material contains V2O5 of 50% to 70% by weight and P2O5 of 20% to 40% by weight as components of the V2O5--P2O5 glass. 8. A method of producing a conductive material with a crystalline V and O compound and a crystalline metal phosphate compound, by mixing V2O5--P2O5 glass with metal oxide combined with phosphoric acid and heating such a mixture. 9. The method of producing a conductive material according to claim 8, wherein the metal oxide is an oxide of transition metal or alkaline earth metal. 10. The method of producing a conductive material according to claim 8, wherein the metal oxide is an oxide containing a metal selected from the group consisting of Zn, Mg, Ca, Ba, Zr, W, Mo, and Fe. 11. The method of producing a conductive material according to claim 8, wherein the material contains V2O5 of 50% to 70% by weight and P2O5 of 20% to 40% by weight as components of V2O5--P2O5 glass. 12. A visual display device comprising a glass panel with electronic sources, a glass panel with fluorescent material that emits light when receiving electrons emitted from the electron sources, and glass spacers which provide spaces between the glass panels, wherein the glass spacers are bonded to the glass panels with a conductive material containing a V2O5--P2O5 glass and a second phase dispersed in the V2O5--P2O5 glass, and wherein the second phase contains a crystalline V and O compound and a crystalline metal phosphate compound. 13. The visual display device according to claim 12, wherein the electric resistivity of the conductive material is 10 Ωcm or more but not exceeding 109 Ωcm. 14. The visual display device according to claim 12, wherein the glass transition point of the conductive material which bonds one end of the glass spacer is different from the glass transition point of the conductive material which bonds the other end of the glass spacer. 15. A glass spacer for a visual display device, which is interposed between a glass panel with electron sources and a glass panel with fluorescent material that emits light when receiving electrons emitted from the electron sources, wherein the glass spacer is bonded to the glass panels with a conductive material comprising a V2O5--P2O5 glass and a second phase dispersed in the V2O5--P2O5 glass, wherein the second phase contains a crystalline V and O compound and a crystalline metal phosphate compound.