The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-05-29
10. ,.arn that the Board Of Public

works have determined to pay on the 10
&c Jnly. in this city, the interest upon W.
nnb,ic debt payable in New York nv :.
object of the Board in taking TINS s.sp ,,.
70 avoid the transfer from our own o",
q those of New York of the cons'oe'"0,.
sum required to pay that ' 'n'e' .s"..sar
",,,, ~ nscessary to make this transfer
soms fine in advance of the day OF pay.
so"'. his the paying of the interest
hors leaves the money in the banks anu
co. -. benefit of the community un''l '"e
.o' Wv ~ which it is payable. At sucn a
va! :. s the present this will be of console
ny benefit to this city, now very mueh
n need of money and bank accommooa'
ton.
mich apprehension has been felt touch
;,r the effect of paying the July interest !;
hr, we have no doubt that the result
will prove that these apprehensions are
oXacrerated. The license tax Will be all
aid in before the lst Of July, and its pre-
,o,,.e in this city will be useful in the IN
-, when the interest is paid,
,.orv large mar. of it will be Immediately
ro,nrned to the banks, the persons receiV-
inc Il being forced TO disbnrse II at once
TO meet Obligations already incurred. onis
90 mnch as NAV be paid to northern bond
holders will be carried away, ana we may
antic;pate that part at least OF that Will
In exnended in some form mere.
=, week or so after the lst OF July
This view will present itself torcioly to
,bose who now indulge in apprehensions.
Bopdholders in this country will get ut
lie money, and will pay somewhat OF that
which they owe and it will operate like a
refreshing little summer shower, doing
much general good.
There is evidently much depression in
the public feeling, though it must be &C
kpowledged on all hands that our citizens
are struggling against adversely with an
energy that is worthy of admiration. The
country is indeed depressed for the want
of money, and there is enough in our con-
d;tion TO make us consider how TO proceed
with view to diminish expenditure and in
crease our resources. But circumstances
cannot always continue TO bear down and
prostrate a people of industry, sagacity,
and courage. These qualities must tri-
umph at last.
That we cannot hope for decided and
efficient recuperation of the general pros
pcrity until the State is restored to the
Union, all are agreed; but in the interval
there is reason to hope that matters
may improve. The tobacco crop is GER
tainly something more than We had last
wear, and we have almost Immediately at
hand very fine wheat crop-a crop which
we may reasonably anticipate will be the
best We have had for ten years. With these
10 exchange for money, certainly We shall
not 90 further in the downward road.
There is a resource for this State which,
willie it will not be fully developed until
after the restoration, must continue
steadily 10 exert its beneficial effects. The
prostration of the South has caused gene
raj depression of the value of property.
In the North, money is superintendent, and
property is higher than at any former
period. Money, therefore, obeying a law
as rigid as that which forces water to seek
It's level, will flow into this State to be in
vested in agricultural and mineral lands
and water-power. The stream is small,
but it will gradually increase, and finally
grow to an immense volume upon the re-
admission of the State into the Union. OF
all the States in the Union Virginia is the
most abundant in resources. . She is the
best watered, and her climate, the year
round, is the most suitable for all the
enterprises and energies of man. These
advantages are well known, and men and
capital will be irresistibly drawn by them.
We hear. now of many plans for invest
the investment of large means
in this vicinity and elsewhere in Virginia.
These plans will gradually mature anu
will be of great advantage as well IN I'LL
fusing money as in inviting other schein'S
for investment and Improvement.
What is especially needed is ior.',uue
and cheerfulness. Gentlemen shouiu iooA
hopefully upon the practical grounds ,as ior
better condition Oh 'mnss'
No people suffering from adversely ever
bad a better reason to hope; and no peo-
pie were ever endowed more literally
with the stern and manly qualities that
'rinmnb over misfortune and achieve sue
.sss' dependency is an enemy to sue
.ess Il repels and rejects favorable OPP
Courage and confidence will
control events and bring good fortune out
of adversely.