The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-01-22

him moonssfuck fool. should hsvo thought, ~
llwsy the line u tbs Bsirmore and Ollie Railroad.
q 4, ss ;l|a. e, .sS
Eesx 81 ila h5aiss = 10 ~
fdsalz- EvgS a doe liiOgesilis ed 20.
weep : tlsis sssr = haze pssI ssll dep:
ket ysllsys. y have rIfmttd-hr tkFr wpgh rpesnd
Ids, eia hAvs srtlsd thtif satf tdinqf Lfsll
fS Sss 1870: sasa:s IA 81 assEa
i lid man lived 10 20 from Fetssfmsp reTthe npol
ssa ri assms 81 NIL home. ere dime.
III hour Of the succeeding day sf.sa ~ =
II Now, M Speaker, ws wonls ~ IF I'M tsss Is1t
& s ss We We pss nan s S.eSed ao. not
i oven 'thorgh one had be dead =brA air,
e are to-day living witnesses of tumphspt tesss Of
hans philosophy and not. imagined, but how
hatta1~ot oeslar pad snsis
P frppesl Shat xEss5, cssa line
Il He'd. IN kis chi - sNa II I dssidsa snpari
1obity 3vsr A*istih8 .lssa Wild ftr
~ Bs = IL AID GnS .sss as
Ss ~ as 9 ss sss sd ss 4 the
psssyss Ssa &c s. M
tie sTgmehtof geltelpes That ed VIII ps
Totally sacrificed ths shers oneas =.
that it should be turned over 30 hturs lssisatare
ST. in my Judgment, this is the time; and the
4 edtime1r Delays breeds dAneersiiM Mr.. Speaker A
tfs wears hence know not how 1sany rival schemes
kmiy spring up 70 put fms favorite one IN 1eopaIay
Richmond in the field already Tx i rs
fn5ur ON spearn ready t2 9rea s q ~
any Sir knight who dates dispute the prstepn,oes o.
III "straght shoot from the junction to YORK Kivess
but Of hsrn's 4 T ss6h1d Lsys che: svnrdsf my
fsnd from King e STEEP au,ssiy IN "
vii ch.irt6e Very hearts blood State would
ePosit the of the arch now rear
s e aaop aGas ssdo t.aek es
i - Srus:s rs Chance for mostV a1raba
neSons There the MsSsville and Big sa,iy roan
NH Louisville and Richmond inscenneHioas both
and both looking TO union with our Central
lind They haye been and stiii are aIxoasy and
ff1Eib road and this short track bach uare now con,
HsePinS. AID one 81 the roads the Maysville and
as e. aagssat abs
wIith Infer from ietter fromthe President pf the
y e Se sssa e. this Lis
| short track Sir. know from personal conference
with eminent citizens of Kentucky. that the people
;th virginia. but there is.sgr that they may tire
of saiting for u.s. And theTe is the greater hazard
fhat the roads OF the obstsde of the river in Ohio
terninstn at Ironton and Portsmouth, and connect
ing with Northern thoroughares, are counting con-
mex ous with these Kentucky roads and may by our
delay in rendering satisfactory assurances TO our
neishbors in Kentucky, succeed IN detachng them
Nov ask my friend from Harrison if he is willing
N give IN anu chance of obtaining these important
xons; if he is not disposed to hold out every
possible inducement to them; and ask him to say,
In all candor if the strongest Involvement that we can
offer is not the assurance given them by our own le-
gslation, that resolved to give them the very
shortest between themselves and the cities of
the seaboard!
Sir trust we shall put in this bid for these con-
nexious with brethren of Kentucky, and overbid
those who bidding against u.s. There are cham
nels enough already, which are draining off the west
ern trade from US to our northern rivals. In Gods
NAME let not, by refusing to pass this BILL incur
the risk of adding another to the list. Our feow-c
zens of Kentucky have with common institutions
and common destiny. Let us draw them. CONNER
cislly and socially, nearer and yet us. Let
us bring back the mother and the daughter, SO long
separated, in afectionate embrace together. Let us
consummate the bond of union, and consummate it
saolc for I'VE know not what day may bring forth
And there is another reason why this question of
the short track should be disposed of this present
session ofthe assembly. go for it now, because i'll
do not get ii do not know what is cost me
hereafter wish to take it out of the of lesis
latve ogrong; for it is not fthe passage of this bill
shall be postponed to another session, when, NAV be-
the State shall have been relieved of her embarrass
ments and when new schemes of roads and turnpkes
shall spring up thick as autnmnal leaves in valham-
brosa" the friends of those schemes, will with
hold their support from the short track until the
friends of the latter shall have terms with
dozen, perhaps score, of needy and exacting sup
of the Central railroad will not be driven by our de.
lay the necessity of purchasing hereafter this short
track at an exhorbitant price Sir if the delegates
from Eastern Virginia. and all those who oppose ex
travagant and improper appropriations would consult
their interests they will by passing this bill now,
prevent the measure which it embodes from becem-
ing, hereafter, neucleus for extensive log rolling
combination. SIS
And lastly it is said by the gentleman from Orange
and Greene, that this policy Of building antagonist
roads, and constructing roads before they needed
will injure the credit of the State.
Mr.. Speaker, am the last man in the common
wealth to do aught to impair her credit Sir it is to
that credit look for the means of communicating that
policy which have long cherished and loved and
cherished and loved because believe that its tr
unph would be the triumph of the State and of her
great and enduring interests. And next to unsul
lied faith sound public credit is the brightest jewel
that sparkes in the coronet of sovereign State
God forbid that EVE, DO act to odd dim
on, and sparkle and sparkle ON forever-no deed of
mine shall ever make it sparkle aueht the less But
the credit of Virgins rests basis too firm and
stable to be shaken by the passage of this bill As
well attempt to wiring down the sturdy oak by the |
Whit of the zephyr as irjuronsly to affect the credit
of the State by any consideration arising of this
bill Sir, that thing you call public credit depends
0 S and the
that great law of supply and demand, which affects
and regulates the price of every imaginable subject
human bargain and sale, and of human dealing. Two |
of these elements Virginia undoubtedly possesses
She has the willingness to pay-there 10 no danger of
repudation-the recreant wretch who would dare /
the hated thing, would be dashed with whip of
scorpions from one end of the Old Dominion to the /
other. And we have the ability to pay We have re-
sources such God has given to scarcely any other
people on His globe We have mineral wealth |
enough if developed, to pay off cur debt forty times
over. We can have, if we will, fourshing manufac-
lures and mechanic arts, and commerce that will T
dise general wealth that will be ample surety for
all indebtedness of the State We have nine hundred
millions of property every dollar Of which 10 respon
ble for the redemption ofthe public liabilities But
the current of the other element demand for our 1
stocks does not set in ayor, in favor of any
The operation of the law of supply and demand has
been interrupted by general causes whose influence
has been felt in Virginia, and out of itand indeed
ali over the world Millions upon millions seek
ing investment in the public lands In the West,
which, Ia consequence of the scattering of railroads
broadcast in that region, has become most desirable
and tempting mode Of investment Millions and /
millions are invested in railroad bonds at 25 so per
cent below their par value excellent investment
because, generally, the security is perfect The war
in Europe and the raising of interest to per cent in
England have called for large investments in home
securities there. which, most probably, would have
sought investment in American securities; and the
consequence s that the capital of the world leaving
the old and seeking forms of investment there Is
little or no demand for public stocks Hence the de-
probation of and other State securities But
these causes will prove trust and believe temporary
only and when they shall to operate az cease
they must public credit viii revive the country oyer
our stocks viii appreciate, and again we shall have
the means of fastening to the complefion NJ onr