The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-12-02


arrangement in monetary circles, and in
dicates the prosperity of the nation and the
confidence of the people in the administra-
tion of their fiscal affairs. The present pub
lie Indebtedness of the American people
will be paid long before the close of the pre-
lsent century. In this declaration | do not
limit my meaning to the national debt. |
mean that the entire State debts Of every de-
scription must be paid to the uttermost far
/ thing. / speak not in the interest of bond
holders it is alike the interest Of every
section, of every State, and of every indi.
vidual citizen. This is an age of material
development the civilization of a nation
is measured by its material wealth money
is power; millions of men and millions oil
money arc the factors which, multiplied to-
our advancement"
The speaker then argued that s" CONNER
cial integrity is the basis Of wealth with
out it nation, as well as an individual,
must become bankrupt. Commercial in
tegrity consists in the redemption of every
obligation. No calamity more dire to the
people of every section could happen than
the dishonor Of reputation. | am pro.
foundly convinced that the best interests OF
the whole people, as well as the sentiment
Of the century, demand that all our debts
goglles are seeking to educate the popular
mind to the idea OF reputation, and that
these birds of evil omen are now watch
ing for the movement when this question,
in some of its forms, may be sprung upon
the country. They insist that our debts
cannot be paid by the historic methods OF
economy and taxation. Such means, they
assert, must fail; and the statesman who
relies upon them is, Willingly or I'M
Willingly, furthering the schemes of the re-
pudiators. The great practical question
then recurs, How are we to pay our debts
| answer, in one brief sentence, Let as grolg
up to the debt. In order to gro,c up to the
present debt, let the National Government
exert its vast power and wealth to produce
Il development so rapid that the demon of
Reputation may be strangled before it has
attained formidable proportions"
After touching upon the great resources
of the South and West, and the increasing
influx of emigrants into those sections, and
again alluding to the impolicy and diSho-
nesty Of reputation, General Walbridge
concluded IS follows:
ITO secure the influx Of this capital and
labor in time to arrest the tendency to re-
pudiation the National Government must
develop the country by aiding to build the
leading lines of canals and railways which
the geography Of the continent indicate,
and by improving the rivers and harborS
| with which Nature has furnished it. Before,
however, invoking the Government to dis.
charge such high duties we should accept
! the national ratification arhich the recent
revolution has established. The day Of alb
stractions and of that political philosophy
based upon Il universal negation has passed
Special pleading arguments, based upon So
called constitutional scruples, are old inven.
| ty>t t,.,- u,,1 p1, p1 ha Icny
of the National Government for il is yet
remembered that not many years have
passed since men grarely pretended that
while the Constitution permitted the Gene.
raj Government to construct works OF in.
provcmcnt on saltwater rivers, it was un
constitutional to eXpend q dollar upon
trcsh-watcr communications.
'.The doctrine Of strict construction and
political nrgatiOn has hitherto been fostereG
by the want Of homogenity in the sections
| 4 recent revolution has been consummated
by which great people have been made
one. Should we become prosperous anC
rich, the heart-burnings and the hates ell
gendercd by the recent struggle will, in the
nature of things, soon vanish. The voice o
a homogeneous people will grow louder
year by year, while the voice Of >ectiona
feeling and sentiment will, like the echo
grow faint end yet more faint until it die:
noiseleS>!y OF 10 very distant shore. II
such policy a real PEACE may be found.
90 trust, Mr.. President and gentlemen
that no State will be so unWiSc as to deny
the amplest rights Of way whithersocyel
the wants of trade may demand.
''Leaving the dead past, the General Coy
ernment should enlarge its conceptions t.
the sphere OF it, duties. The time and cir
cumsances could not be more auspiciou
for taking this new departure. We have III
Executive who has been broadly educated
by the great events through which lie ha
passed and the great history he has made
lie is disenthralled by these events, by th
history, and by this cnlarSing education
from the prejudice and narrowness that cir
cumsrribc the statesman whose influence
has been attained by a lifelong pupilage il
party trammels. These are the condition
which have always rendered so successful
the craftsmanship of military heroes. Ou
, President owes to his own strong head, hi
own strong heart, and his own strong arm
the vast influence which he now commands
GA soldier with Il fame commensurate
with civilization, he now aSplres to eXer
his great influence in the interests Of peace
No one is more likely than General Gran
to see that the highway to real and Ell
during peace is the road that leads mos
directly and most speedily to the develop
ment Of the material resources OF our coun
try. And now, Mr.. President, in conclu
sion, I will say that the political org;nizt
ton, bv whatever name 1t may be dcSig
; mated, that brings itself in harmony wit
the spirit of the age by following the lead o
the Executive in the path so wisely treat
by him, will be the coming party, and tn
nrln who leads it will be the coming man
the real hero Of the nineteenth century,
RECESS.
The Board then took recess until 81
O'Clock Z. N.
AFTERNOON SESSION.
Mr.. Jeffries, Of --, subnntte
the following, which was adopted
Resolved, That no delegate shall spea
more than ten minutes on any Qucstlo
without leave of the Board, nor more tha
twenty minutes except by unanimous col
sent"
On motion of Mr.. Wctherill, Of Philade
phia, the Board resolved to meet hereafte
at 10 a. NJ. and adjourn at 2. NJ.
On motion of Mr.. Bagley, Of Detroit, s
much of the report of the Executive Coul
ell as refers to the late Colonel James L
Branch, OF Richmond, was ordered to b
engrossed By the Secretary and transmitte
to the family of the deceased.
On motion of Mr., Gano, OF Cincinnati,
was resolved that no written speech sha
!! be published as part of the proceedings {
the body unless at the expense of til
speaker or the local body which he repre-
! sents. -..r.a
ssr CREDENTIALS. III .e .".
1Ir. George NJ. How, of the Committe
on Credentials, reported recommending th
admission of the San Francisco Chamber {
Commerce.
The recommendation was agreed 10, an
:. Messrs. c. j. Dempster and J. B. Thoma:
representatives of the San Francisco Chan