The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-03-01
Cola and the Radical Tyranny.

Gold and the Radical Tyranny.
The gold market has shown some rest
lessness within afsw days. Congress glve'
the gold market very little quiet. Ih'
Radical destructive schemes indeed gv'
very little time for peace or rest to th'
country. Gold is but an indicator OF TN
Quiet or disturbance which prevails. Fo
some time past the Congress has been 10
boring principally In the interest Of tn
Bulls. The Bears have had hard time ~
keeping down prices in ths face OF tns
measures which have been 50 Injurious y
the general prosperity and % iFulua' y
alarm and anxious apprehension.
Some financiers attributed the advance
of gold to a probable imitation Of the cur
rency. The National Inteligencr show,
that this is not the case. The House bill fol
the redemption Of compound-interes
notes with greenbacks will not add to tn,
currency, because this process is only tn,
redemption Of the former by non-interest
bearing legal-tenders, which will suppl,
the place Of the compound-interest lega
tenders in the reserve fund to be kept b.
the banks. 1t Is believed that the Trea-
sury will be able to take up the compound
interest notes ut their maturity from the
means that may be at command.
So there is no satisfactory solution o.
the advance Of gold to be found IN inns
That solution Is only to be found in the
vindictive legislation Of Congress towards
the southern States-that Legislation
which must affect all the interests Of so
ciety in this country, North and South. Az
long as it is pursued there can be no rest,
no security anywhere. The direct oppres.
sion Of that legislation falls upon the
South; but it must react upon the North
with severity. The uncertain fate which
the extremists are weaving for the coun
try excites general distrust and apprehen
sion. Gold, the indicator, promptly dis
closes these feelings in the public mind
The submission of the South under mill
tary force to equality between the whites
and the blacks, who were so recently
slaves, and who are so entirely unified fol
the privileges and responsibilities of The
citizen in full possession Of political rights
is . step in the dark that engenders anx
iety. Look at the striking contrast pre-
sented by Ohio, on the one hand, rejecting
. proposition to strike out the wore
"white" from her Constitution, aDG
Congress, on the other, forcing the equality
of freedmen with the whites at the polls
The senator's and delegates in Congress
from that very State of Ohio voted for thi
measure comforting the franchise in thu
South upon the negro! And yet, while il
. considerable portion Of the South the
negro predominates, in Ohio his numbers
are too few to give him any influence
whatever at the polls. This is one of the
most infamous pages in the history Of the
congressional war upon the South. How
can it be hoped that the trade, the credit
and finances Of q nation can escape seriou!
injury while such measures as this art
being elaborated and passed by Congress
The people of the North will learn {
lesson or two not yet thought of before
this chapter in the history of the countr!
is closed. The gold market will tell then
. good many things yet. 1t is impossible
that they are to escape the effects o
the outrages upon the rights of the States
upon the Constitution, and upon public
liberty.