The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-08-22
The National Finances.

There are three parties at the North on
the currency question. LIST. A party OPP
nosed to contraction Of the currency, and
in favor Of leaving matters where they are !:
paving taxes, paying interest on public
debt. and reducing that debt very gradu-
ally. I'd. A party which demands an early
resumption of specie payments, by calling
in the greenbacks and issuing bonds In
lien ofthem. And Sd. A party which op-
poses any contraction Of the currency,
demands that taxation shall be diminished
bv rcdeeming the Federal bonds with
crccnbacks, and that the money now used
in paving interest on those bonds may be
applied to reducing the national debt.
The first is stronger than the second, and
the third, as far as we can judge from the
outgivings Of the press and the orations of
politicians, is stronger than both Of the
two first named. To the third party nearly
the entire Northwest is attached. Radical
and Democrat unite upon this platform,
and the power which they can exert out
there upon the acts Of Congress, unless
met By extraordinary combinations, will
triumph. The wealthy bondholders of
the East Of course will throw all the power
and wealth they can control against the
great party of the Mississippi Valley and
we anticipate struggle on the subject such
as has rarely occurred in the halls of Con-
gross.
Long ago this paper said that in the
Valley of the Mississippi reposed the
power destined to rule the legislation OF
this country. 1t had not been aroused
upon any such question as could bring 1t
out fully. The complications of aboll-
tionism, and the sectionalsms dependent
upon it, had confused the relations of the
Northwest upon measures of national
policy, and banded the people of the
Northwest with those whose interests
were really far more hostile to theirs than
were those Of the southern people. Abo-
lition is dead, and will soon cease to be
talked of. The battle is lost and won, and
though people may struggle about the
field, and some fanatics and knaves may,
like cattle near slaughter-pen, keep up for
time great noise, there is no more fight
ing on that point. The sectionalism
growing out Of it is equally dead, and can
no more mark the divisions upon the yeas
and nays in Congress. Therefore pecu-
liar interests and aflinities, commercial,
financial, and political, will now develop
themselves and take bold positions, dis
embarrassed Of the old sectional CON-
pications which held them in allegiance.
The great Mississippi Valley is to be-
come power in the State which cannot
lie overriddcn, and therefore must be re-
spcctcd. On the question of finance, as
upon all others, it will be heard and felt.
Wo feel no regret of course at this pros
poet Of remodelling Of the political
forces of the Federal Government. JEsuU-
Fun has waxed fat and kicked. Wealth
from contracts and spcculations in Go
vcrnment obligations and tho public dis
trcsscs is not the fountain Of generosity or
Of libcrality to q burdened and grooming
people. The young giant of the West is
not exalted above the interests and SYM
pathies of humanity, but is q representa-
two of the people in their relations to the
Government as tax payers and producers.
lie should be welcomed as q deliverer, as
the HERCULES that is to destroy the great
Python OF Greed and Avarice which has
been preying upon the vitals of the body
polite and consuming the substance Of
the nation.