The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1859-06-07
=, -, = ~ 100 q, sor.a,

THE DISPATCH.
rvs s;aa MossiSa,...,.,. JUNE :. ,s's
WHAT ARe CossoLss
Thi, aue.fis mar ~ worth snswerins II presen.'
when svery cna 10 looking with interest 70 the soy"
ussrcfa, status Of Great Britain rye or .sn !"
scors,;s'' is Invariably taken ~ sign On cur A..
c1al rre.perity or diversity, yet few have Wy y"
6nt,e idsaof what IL meant By "ooaseie. -. -
"a the Boston Herald the following eAP'~a"'1 v
the term: .ao,,s nno~r
IT.. not sspse'se &c Il they d. tns. ,hsy shoad
sonstsnil, bear !, mind that m ~ srsco.s
they srsia me s"s e1s,snstion a. TO their Import
saoe By remsrking thst ' y" 9ns , ~.
cent Involves ks. C q aa als w. :" 'A1
NE nasional debt OF Ensland BEGAN with the re-
unaaishment OF the old custom o. extorsinR rem
70 met public exiseneies charlss 4. borrowed
irsely from hts partissnG but ell bra debts wee
ss s1s Charles ii and James ii, ,hst the iounda
tons Of permanent debt were laid IN Englscnai
On tho accession Of William III the debt Vas $500
a6s Dnriag his reign. however. the system OF
credit wss expanded throughout Kuoope large
part Of the annasl expenditure OF the gevernmens
.S si s Ss = %; Annual ins.rs 4, WI
iiam's death the debt was f'373.tss FROM ms
time 70 We present the =. .oah = war the
large "a ment on account Of the negro emenetpa.
ton 10 In periods Of peace and when the rate OF
inserest has Keen low the government hiss reessem'
ID small portion. OF the debt. es !. hss lowered the
annual charge BY reducing with the consent OF the
the debt then consists OF several species Of ans
or fuuds with diff srent denominations. whca ave
been in process Of time. varfously n,Ksd aud main.
sled such as Console, l. e., several dtfsre loans
consolid tied In one stock. per cents. 80 The
public debt continued 10 increase, until the &C
tive million was paid of during this reign but dar.
ing tnat ot his successor was great incres ef so
that ia l,ss Il had rsachei the sam OF 3, 50, $50
paid. but at the conclusion of the American Revo-
fulton it was fas s5 .S2s. In tho peace which en-.
paid Then came the great morsi and political re-
violation Of Europe. In the course OF which midland
siisd with dsspSsism The torsp 81 aaarrels
m pre freely 70 uphold evsry abs,luist. ubsid d
every desnot. and was the persistent enemy OF the
an inoreass ~ debt exceeding SIR handrsd million
sterling that, 1T the close Of the war and when
the snsli.h AND Iri.h sxehseusr. we're oonsolida'-
$50 $50. 4sl and the annual charge upon 1t Was en-
From that tine to 1854 Tiers was a cont'nnL re-
due 'ion Of debt. On the LIST Of April 1854 e was
fi6a 6A2t9 But then came Sc q Crimssn war; and
afterwards the war 10 India lmuaedista'y follow
ses In plActng the navy aud army In rr 'stion
for general European war ThsCrimeai In;
the reduction which were made during FORTY } ears
ami - day 1t cannot b, les, TIN ss,a 600 a0o.
This vast sum. I, duced to dollars IL four thou=.
and wohundred millions. most OF which is consols
bearing interest at ihree per cent The ordinary
price OF the three per cent is s. because people In
money Is worth higher per canta1e The las. news
j. that oonsols had fallen to 80 and 90 This fall Is
e.aasl 70 two YER. tnserest on four thousand mil
lions dollars IL holders we're oo't xad TO sell now
the aggregate loes would bs $40 0o.n0 As IL is
only those who have money engagements and must
hear OF the fa,ure Of f,rtr stock brokers of this
class aud others will follow nless "snsos i'm prove
-
RExAsK.BLE RACE NJ RAILROAD STAKES s275,-
600 One day last week, As the eastward bound
express train reached Lsporte, Ind, a passenger
stepped of while the engine was being reoIe nish-
ed with wood and water. aud walked back and
firth on the platform, and con tinued TO walk until
on board aud the traiu passed off, Blu, the gentie-
man still walked on few minutes after the
train had gone, station man saw the pedestri.
ar, and, going mp to him, asked in a surprised
tone
What the - are you doing here ?"
The man starrei, opsned bis eyes, and looked
around bewildered The fact WAS he had been
f.tizusd. aud dropped asleep while walk ing
Rousipg himself he asked:
sWby where am l Z"
"Where are your At Laporte"
''Where's the train came In :"
"That left ten minutes ago."
"reu minutes ago aud left me! 1 must go on
that train. Ii Is q question of life and death TO
me Can you get me to it! Have you got an
engine hersl Where 10 the SUPERINTENDENT"
The section master had office near by, aud
the two went to find that official and procure an
engine. The traveller stated his case-he must go
on could not delsy-and offered the oflce $3.50
II he would put him on DO ard the the train. This
strange demand and strange offer caused the sta.
ton master to hasten and do what he could. The
fire was not ont Of the engine that had drawn the
trsiu to that pont-the bargain was 4ettIed-a
draff given on New York for the $780, and In ten
minutes the traveller started with an engine TO
overtake the wing express.
Alter rLshing on for thirty or forty m lies some
connection gave way about the engine. The en-.
CINE WAS STOP ed-the engineer found tina diff i.
Guilty, and ia a very few minutes had a wooden
pin Whitfield out aud fl ted to supply the dsicien>
cy. With this. they fsw. The train had, of
course, many miles the start Of them. and despite
the wooden pin, the engineer crowded steam,
and tore through the country at a fearful rate
Thirty miles of the distance passed was run 10
twsnty.seven minutes, but the engagement was
that they sholld overtake the train, and overtake
It they did, but not until more than one hundred
miles had been run, aud they were approaching
Toledo
Having at length over.aken and stopped the
train add buried on board, the traveller went
eagerly TO a berth in the sleeping car. and took
therefrom carpet bag containing 1915 900. His
treasure was ssfe-uone had molested 1t, and dis.
missing his faithful courier, be went on his way
rejoicing at the success Of his perious and excl
ting adventurs.--Ciepsland Piaindea!er.