The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1854-12-16

WhmsIn0roS, uec. IL. ~.
So, wshavs mot o1ly our or rease6bls
cosjsctdfes, but lhe deliberately expressed
opinion Of the Loudon T;mes. TO the effect
that the sieeso Of Ssbastopol viii be postp
until next spring! WIN Il then be recon:
menced and prosecuted to successful ter
minationf Answer this, ye who can tell
whether allthe allies Of Europe are stronger
than the great Autecrst. Answer this, y6
who believe that constitutional monarchy il
~ strong as absolutism on the eastern CONT
nent. The Car has said that Absolutism and
Republicanism are the only real principles of
government. Are not these principles work.
ing together to dethrone limited monarchy
and to revolutionize the world Extremes
are meeting. first to destroy all intermediate
powers, and then to contend between them
selves for the mastery. If the contest is to
be renewed in the spring, it win be fearful
thing for the family Of mana sanguinary
beginning of fearful end. If there is a
power on earth that can afford to be just and
humane, abstaining from aggressions upon
the weak and presumption toward the strong,
now indeed should the exertions of that pow
er be put forth, by pacific mediation, to stay
the progress of barbarity and the retrogres
sion of the world.
The discussion of "Squatter sovereignty"
in the House of representatives, at this time,
relates to the coming elections, and especial
| ly to grand election in which this question
will probably exercise but little influence
yet Mace, Oliver, Washburn, Stephens of
Georgia, and Campbell, have approached it
with much ardor.
The business features of Congress, to- day,
have presented but little for comment
There is general dearth of incident at the
capital at present.
We are enjoying delightful weather, and
our city is exceedingly orderly and gay. All
matters of serious moment In legislation ap-
pear to be deferred until after the holidays,
| as is also the payment of all the little debts
now due on open accounts. We shall GER
| taiply see sights in January Business of
| no description has prospered during the past
| year, if we except money-lending at extor-
| tionate rates Of discount.
| Much is said of the pressure of these times,
land many explanations are given of the
cause. Let me suggest one. We pay to Eu-
rope in money a difference in trade of about
80 millions of dollars annually. We pay also,
| in interest on American bonds held in Eu
rope, about % millions annually. This
makes about 81 millions, or a million and a
fifth week. If this amount has not been
going out weekly, it is only because we have
been all the time increasing the principal due
| there, and treaspring up wrath against day
| of wrath; but the day is approaching IN
which not only all the interest, but goodly
portion of the principal also. will be de-
manded of US. England and France are en-
gagged in war, and may need all their re-
| sources, and be even forced to greatly aug
ment their Indebtedness to the people.
Are we not inevitably to suffer from these
| causes? Is there no wholesome system of
policy in the pursuit of which these infu-
ences could have been avoided These
questions are asked by one who probably
does not think wholly in concert with the
| editor of the Dispatch, and yet the express
sion of whose views, as his own, that editor
| may not be disposed to suppress. A. B. C.: