The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1853-05-25
Tur WATERLOO RoUT ON MONDAY

was more complete, even, than we mao a"''''
pated. We have headed this article
loo" but Waterloo was but circumstance
compared to this rout. II has not lett CREASE
spot fo!d fgeyism.
We congratulate the citizens OF richmond
upon the strong, manly, unsopnis''e"'e' s0v'
sense they have shown on TINS occas'o"
L.,ot.,. the dawn of new and glor Gus
era for Rchmond-an era oil greatness oil
which neither she, nor we, nor any olher per-
ann csn form any conception. Yesterday
rn,rn;ng her very existence hung by thread.
II she had failed to prove herself equal 10 the
occasion. she would have lost all. Other inn
movements from her Northern rivals would
have been pushed at once into the country she
seeks TO drain, and when she should have en-
tered the field a, last, she would have found it
pre.occupied to her entire exclusion. 1t is a
fat. which we endeavored to impress upon
onr readers as we'll as we could, that unless
This subscription had been obtained, the road
would have stopped, and if it had stopped, we
should have alienated the regard Of the ira
nontaue region so effectually, that nothing
could ever have retrieved it. We say, then,
we congratulate our citizens upon their strong
common sense. We see that they are at last
sensible TO the only true means of making
Richmond great city, and that they will go
right in spite of old fogeyism, and all the arts
of hostile interests combined.
We feel it due to our readers, many of whom
do not know the manner in which this sub
scription will be raised, and the extent to
which each person will be taxed TO raise IT, to
explain that matter. The bonds of this city,
which has been represented as laboring under
an insupportable burthen of debts, are actually
worth premium Of per cent. that is to say,
every hundred dollars worth of its bonds will
bring SOB. Now, in order to raise the money,
the city, we presume, will sell its bonds. City
bonds to the value of 100000, will bring
100000 in cash. The interest only on $780,
goo will have to be paid, that is, $l2 ,0OO,-
Well, there are $4,000 already realised by the
sale of the 100000 worth of bonds. A tax is
to be laid, then, on thirty-two thousand PEG.
pie, their prope rty, &C., to pay the enormous
sum of $4,000 for one year that is to say,
each individual is to pay, on an average, TWEEN.
ty cents for the first year, and about forty
cents for the second. After the second year.
the 5000 900 investment will pay for ITSELF
This is what the tax would be were it laid
equally upon every indiv idual. 1t will, how
ever, come out of property and persons in the
same way thatevery other tax does.
g. he uv;ll he 1oyioC
on $1500O,G0O Ct real estate, instead of $12,
600 600 as heretofore. This would have beer
done whether this subscription had been made
T. 1-:.a thst til,
largest property-holder in the city does no
pay one dollar more in consequence of thu
subscription, than he would pay without it,
The intensity Of old fogey regard for the in
terest of Richmond may therefore be estima
ted in cents-(we would say "in dollars" bu
it does not quite come up 10 dolIar.) Thest
very men, who refuse TO give one dollar to in
ternal Improvements, are the persons who de
rive the most benefit from them. The Dan
vile and Central Roads have run the real es
tate up from $l2 100000 to $4,000, 009.-
Rents, ofcourse, 60 up, and these old fogeys
raise their rents in proportion to those of all
the rest. Some of them are very large proper
ty.holders. They are glad enough to take the
advance in rent, but as for paying a dollar TO-
wards sec uring that advance, why that is al.
together a different matter. But the vote oil
yesterday shows that we can do withou
their assistance.
There were delegates here from Augusta
and Albemarle awaiting the action of our citi.
zens with extreme anxiety. They will have
bright tale to tell when they 60 back home. -
The first of these counties will now come for
ward with her $4,000, and no doubt the last
will soon follow in the footsteps of her illus
trious predecessor. 1t is generally believed
that the 1000 secured by this vote of Rich
mond, added to what the counties along the
line will vote, will finish the work to Clifton
Forge. From that point to Covington, the
State, we believe, has undertaken to carry it
as it has to finish the tunnel and the Coving
ton and Ohio Railroad.
s. The vote being only of freehoders, was
much larger than was common on such occa
sions. The majority was within three votes O
six for one. Had the entire number of tree
hold votes been polled, it is believed that i
would have been proportionally much larger
Enough was done, however, to prove to oul
friends over the mountains, that Richmond
means to stand by the Central Railroad, anC
they may therefore dismiss all doubt for the flu
ture.
u AT a late hour Monday evening we re
ceived telegraphic dispatch from Farmyille
signed "Many Democrats" requesting US I,
announce that poll would be opened in Pc
tersburg, and the counties of that Congres
sional District, for WIN. c. FLouRNoY. w
did not publish the notice, because there wa
no responsible name accompanying it, and be
cause the Dispatch publishes such notices or
ly as advertisements.
THOSE SPEcTACLEs.-Afr friend, writing fro,
Charlottesville, makes the following CORE,
ton of statement recently made in the Di
patch:
ain your notice of Madam Anna Bisbon
~ tn thia nj thato OP