The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-02-25
Commercial and Money Matters = Pros
meets Brightening.

There Is every appearance of a season OF pros
perity-a season of prosperity which will need
checking rather than stimulating except perhaps
in old Virginia where the checks are more numer-
GUS and serious than sistent with her true in
terest If she could finish one or two of her great
works connecting her with the West, she, too,
might get upon that rapid current that requires
no propelling power to push her onward. She has
SO many conflicting interests-so many narrow
and selfish and local interests that require that for
every dollar that put the Covingtou road there
must be one given to = mudpike or to bridge a
branch-thst our dear old State gets along slowly,
and must get along slowly at a time of such pros
perity as the present. while others are fourishine
while the mineral wealth of other States is turn
ed to account, hers is pent up and can't get out
for want of means of transportation
But we commenced this paragraph simply to no
tice the signs of Improvement in commercial af
fairs. Money is abundant in New York and the
rate is low The PHILADELPHIA Ledger states that
Bank credits are swelling in all the Atlantic ci-
ties, and it is generally believed that with the
opening of navigation there win be unusual buoy
ancy in every department of trade" In Baltimore
this accumulation of capital appears and money is
seeking investment Confidence is growing in f.
nancial circles and period of unusual activity is
looked for The New York Herald, after remark
ing that from our great domestic prosperity, the
abundance of money, our internal resources and
future prospects, stocks generally. and Railroad
bonds aud stocks particularly, must go up, re-
marks:
"Ws have probably added to our specie basis,
since the expectation of bullion ceased, from nj
teen to twenty millions of dollars But small
A. has infO
II has been disposed of in a much better way. 1t
has gone into general circulation, and served ma
terialy to improve the circulating medium OF the
country It has enlarged the basis of private
credit and given impetus to industry of a sub
stantial and healthy character. Our internal con-
diton is on the whole very 1attering in every par
ticular and we see al present no good reason why
we should not realize degree of prosperity during
the present year equal to, if not greater than
before known. No fears need be entertained. in
our opinion in regard to future shipments of spe-
Gle Under the most active demand for exporta-
ton we have never exceeded our receipts from
California and in the event of a resumption OF
shipments, our imports will keep our present sup
ply good.
months added to our stock of precious metals be-
tween fifteen and twenty millions of dollars,
should strengthen public confidence in the opera
tons of our financial system The people at large
are rich. The farmer has received enormous prices
for his large surplus the mechanic finds full en-
at Iemunerative prices; the merchant
cannot complain of the extent of his sales, the
amount of his profits of the punctuality of pay
ments All of our works of internal improvement
show large receipts, and are likely to pay better
than heretofore All these things point to good
times and it would be folly to attempt to resist the
current, which is now setting strongly towards
a general appreciation in every species of property.
few weeks will free external navigation from
Instructions and extraordinary delays and dan
,ers and omen our internal water communications;
i few weeks will bring mild and pleasant wea-
her when all will feel like engaging in some new
enterprise or entering into some new field of spe-
,ulation; then we may look for one of those &C.
i've and exciting periods which have heretofore
ended to such rapid developm ents in our internal
and which has given us, in compare
lively few years, the wealth and strength OF the
oldest nation of the old world"