The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-09-11
The Currency-Its Abundance the Bet
ter for Us.

| ter Tor US.
The rise in gold is not attrlontaofe 10
California or the movements OF Pfes!den.
JOHNSON, but to the unmstakaole signs o.
the determination Of the people to redeem
a larpe part at least of the Federal bonds
with ercenbacks, and to so modify those
not redeemed as to subject them at the
earliest day to taxation. The cxtraordi-
nary alliance between leading Republicans
and Democrats for this object leaves no
room to doubt as to the result. PESDLE-
TON, VALLASDIGuAM, ALLEN, and other
Democrats of the Northwest, and General
BUTLER, THAD. STEVENS, and other lead
ing Republicans, have met on this plat
form. Such q combination is Irresistible.
A considerable initiation Of the currency is
inevitable, and it is no wonder that the
capitalists and gold spectators have be-
come alarmed.
But what is to them cause Of alarm is to
the taxpayers and the PROSTATE and
poverty stricken people OF the South SUBJ
ject for JOY. The condition of the South
now is that of the chrysalis-weak and
helpless. What sunshine is to the poor
insect, money is to the unfortunate people.
Their energies would be revived, their
enterprise stimulated, and their confidence
restored.
An abundance Of currency, occasioned
by the measures alluded to, would at once
enhance land as means Of investment.
Our waste lands, water power, and mines
would at once come into market. Our
people would thus receive money, and be
able to pay their debts. The plentiful
supply would stimulate agricultural and
manufacturing industry, and give new
| wings to commerce. The talents and en-
orgies of the people thus brought into full
action would rapidly restore prosperity,
increase the general wealth by increased
production from the lands, the mines, and
the looms, mills, ETC., and the people and
country would grow strong and substan-
tial, and able to go through the gradual re-
turn to specie payments. This capabllity
to endure that trial would be, indeed, q
great blessing accomplished by its post
ponement. Nor would the country be in
any great danger from q crash or panic
attending the return to specie payments
for the currency would be that Of the Co.
vcrnment-the promises to pay Of the peo-
Dle themselves, and therefore entirely reli-
able.
Then we should hail with satisfaction
the advent of the measures alluded to and
the consequent initiation of the currency
Gentlemen express doubts about the
immigration into Virginia and the pur.
chase of our lands by immigrants. They
90 to the West, say the Respondent
they never come here. True, they never
did, because labor must necessarily be
bought for lifetime under slavery, as slave
and free labor could not harmonic. o.
course immigrants went where they need
cd only 10 lay out money in tonld, and
could hire labor by the day, month, oil
year. Now they can do this here, aud
embark in agriculture upon small means
Here they will find cleared and settled
country, and civilized society, and have
the finest highways to markets near al
hand, where they can obtain the highest
prices; while in the new regions Of the
Northwest they must incur all the perils
of settlement in an almost barbarous re-
gicn, far away from market.
The abundance of money, attended by
the restoration Of the State to the Union
will completely revolutionize affairs II
Virginia, and put new and bright face
upon all things. We shall all behold this
in little while.