The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-04-26

sss@ Important flnAnetal n1oooueee.
We are gratined to learn the Board OF PuH
Ito Works have ordered the saspsnsion Of ali
work upon the railroads q NE State. The
Board wisely concluaed that 10 put any more
State bonds upon the market, while the Abo-
litionist brokers Of New York city are RIM
ming them down sixty per cent. below par.
wonld be to PROSTATE the market for a long
time to come. They aiso felt 1t to be their
duty TO reserve ali the resources and credit of
tho State for the exigencies Of a war, the end
Of which no man can now foresee -----------.-e--
1t was expected yesterday that the Conven-
ton would adopt an ordinance establishing a
union Of Virginia with the Confederate Gov
ernment, under the Constitution as amended
~ Mon tgomery and that the military organi.
zatton and operations of the State would at
once be placed under the direction Of the Con
federate authorities at the same time that
she would come under the operation of the
Southern tariff and general civil jurisdiction
Such measure would be permanent, and
finai In fact though 1t would, Of course, be
provisional in form until after the vote OF the
24th May next In a financial point Of vie W,
such measure would be of immense value
to Virginia. or all the Southern States, she
is the most heavily burdsned with debt; her
aggregate annual taxes being alone one-third
Of the gross amount paid by the whole fifteen
Southern States. At the same time that her
debt Is the heaviest Of all, the entire brunt OF
the war would fail upon her armies, II she
held aIoof from the South and maintained
position of distrustfui isolation; and Of
course, also, the whole cost Of the
war would fall upon her treasury
Union with the Confederate States brings
military co operation at the same time that 1t
brings a division of the expenses Of the war.
The latest ad vices from Montgomery repre-
sent President DAVIS AZ ready to proceed to
Richmond, and to march from twenty to fifty
thousand Confederate troops into the State 80
soon as this Commonwealth becomes
part of the Confederacy. The annexation
would secure the immediate cooperation Of
this force, the consummate Generaiship OF
the Confederate officers, and the transfer OF
the forces OF Virginia to the Confederate
Army, TO be paid from the Confederate fisc.
It is Of the highest importance, therefore,
that this annexation should be made and
contaminated at once. The submissionfsts
must waive their aversions TO the South
in the presence of a common danger and III de-
ference to the pressing financial necessities Oh
the Commonwea The people OF virginia
would cheerfully pay all the expenses OF the
war however heavy, il the honor or the saIety
of the State required her incurrlng them
alone; but this war is for the dement, OF the
whole South it is war in the burdens and
glories of which the whole South are anxious
70 participate, and Virgins can i'll afford
TO refuse this generous assistance for the
sake OF gratifying the unreasonable antipa-
athies of u few discredited politicians
with whom she has no sympathy Be-
sides the cordial union Of the whole South
would have a moral effect at the North that
would tend strongly to shorten the war and
thus may save a vast expenditure to the South
ern treasury. In a word this continued iso
lation is a luxury OF which the State has had
enough, and of which she is heartily sated.-
She is for the policy of the Revolution, the
policy of union between all the States en-
gagged in the came cause and struggle, In de-
spite of the opposition and stubborn resist
ance of Tories.
The stoppage of the public works Of the
Stats will throw large numbers of laborers
out - employment, and thus supply valua-
BILE aAAltion to the personnel of the army
Prest1nG DAVIS might obtain some fifteen
hundred or two thousand recruits for his regu-
lar army from this source, who might be
taken to the vacated barracks at Lexington
and drilled in a few weeks into well disci.
plined regiments. The negroes released from
the public works would make valuable Ia
borers in the entertainments and Notifications
now going on upon our Eastern waters. They
would be proof against the miasma of the
seaboard, and might, il opportunity offered,
be let loose upon any free negro regiments
hot ,iorhf l.ac do I'm at N q frpy ha
North.
p. S.-Sinee writing the above, we learn
that the Convention yesterday passed an Or
dinance applying for admission to the South
ern Confederacy, and placing all the troops
and military resources of the State at the dis
posal of the Confederate Government.