The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-08-27
The City and County Subscriptions.

s#the Chesapeake and Ohio railroad. "
these subscriptions is based an argumen
against the subscription; but it is tn
weakest Of all the reasons elected upo
the question Of the improvement.
"Where will you sell the bonds, AM
how p "They must be sacrificed II o'S
posed Of at ALL" &c., &c., are the PUN =
the views Of those opposed to the mamie
in which it is now attempted to bu'lo 'l'
great road, so long under considerA'lon
and with regard to which SO many sc'l.nl ).
have failed. For it is only the manure. =
which Il IS to be done that meets oR]ec''on
Nobody objects to the work itself; ou,' on d.
the contrary, all eulogize IT. anu 'l.nn =
ought to be built for the "ei'A'0o
GINA and this city.
What are the elements of credit' Inc
oood stou6inq Of the parties asking credit,
5be;, means, and the practicabat'ty ana pro-
mise of the enterprise in which they pro-
nose to invest the money borrowed. Tried
nv these requisites, we venture to say
there could be no stronger claims present
ed 70 credit and responsibility than those
Of the people who pledge their faith to
bnld the Chesapeake and Ohio railroad,
nor can there be greater promise in any
scheme now projected on this continent
than in that railroad. Take the people OF
Richmond, and those dwelling upon the
line Of this magnificent railway route to
the Ohio. can you find on earth people
more renowned for good faith and integrl-
" for strict compliance with their obllga-
t;ons for industry, probity, and honor
Then take the route itself: Is there any
country traversed by railway, or any coun-
try nroposed to be traversed by that sort
of Improvement, that can excel 1t IN all
the resources for railway prosperity? In
mineral riches and agricultural resources
it is unsurpassed. The way business upon
the line must be of itself enough to give
nrosnerity to the road that trayerses it.
Rut we must remember that once the road
strikes the Ohio it taps sea Of commerce
that is inexhaustible, and whose flow in
this direction will only be limited by the
capacity Of the conduit through which it
must pass.
With such a basis of credit, including
the property of four hundred miles of
railway, we ask practical men and I'M
practical men why may not the means to
complete the road to the Ohio be bor-
rowed What new condition has entered
into the matter of credit to prevent it
Has there been any great revolution, any
radical change in political economy ana
finance by which are banished all the long
settled bases of credit and confidence? II
not, the money can be had and the road
can be built. No project of this age can
furnish stronger claims to trust and re-
lance: and unless there is an end of credit
an end to great undertakings for the public
good, its construction and flourishine
career are inevitable.
No man can deny that the present con
dtion of affairs is anomalous, and that
schemes cannot now be carried out regu'
larly. But let no man suppose that there
is to be an immediate rushing into the
market with the credit and obligations Of
the Chesapeake and Ohio Railroad Com.
pany and the various corporations int.
rested with it. There is no such idea enter
tanned The ways and means for the work
will be raised with a due regard to the
interests of all concerned. There will be
no reckless sacrifce-no needless and
wasteful employment Of the credit that is
to build the road. We do not suppose that
one dollar will be raised upon the securities
in the hands of the company until Virginia
is restored to the Union, unless, indeed
capitalists shall exhibit that confidence in
the enterprise during the present status o.
the Commonwealth which would justify
the company in etfecting loans.
Does any man suppose that the company
would so far forget it's own important int
rests as to waste the means in its posses
sion, and be driven to suspend its road
after finishing but modicum OF the worl
which that means was to have completed
Would not that at once destroy faith in tn
company, and not only take the work GU
of it's hands, but postpone its completion
to the great injury Of the Central railroad
Can we imagine that the company woul
be guilty Of such great folly?
Where is the wisdom Of these objec
tons? Where their practical sense
They should not be entertained. Nov
is the time to plan the building of thi
great work and the resuscitation of Viz
GINA. BY SO doing we shall be read
for the rehuent tide of public prosperit
which will soon set in toward us. De
spondent people cannot be expected t
look far ahead, or to hope for much in tn
future. Let the young men and the en-
ergetic and hopeful old men take differ
ent view-a view consistent with their OWL
natures, and the vast recuperative powe
of the people of this country, and thu
teeming resources of the land. This vii
not only build the Chesapeake and Ohit
railroad, but will restore Virginia to pros
Gritty and accumulate for her wealth ant
power never dreamed of by her people.
The Prospect of Our Yves tern Railroad
Connections.
The Gallipolis Journal, printed in Cali