The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-12-10
The Admission of Virginia.

The Reconstruction Committee ON yes
terdav adjourned the subject OF the aoihis,
sion of the Virginia representatives unti
Tomorrow. This was owing the wretcheo
nnnns;sion that is raised against 1T by knot
~ disorcanizefs. OF course they can pro-
drce a short delay. The most contemptiDie
animal upon track may induce the engi'
neer TO stop the train, more out Of conside'
ration for the safety Of the train than for the
preservation Of the creature that OCCASIONS
the stoppage.
But the event of the admission OF srel'
nia to condition Of equality with all the
States cannot long be delayed. The com
mittee on Reconstruction will promptly re-
port the bill on the subject, and we are sure
it will he passed with something bordering
upon unanimity.
That event viii be one of the greatest na'
tional interest, as it will do great oeai TO-
wards the restoration OF peace ana harmony
TO the Union. But to- us it will be minute
" gratifying for very many reasons, ana
especially for the effect it will nave upon
the business and finances of this state anu
city. Il will establish confidence, and VIII
gradually bring relief from that pressure
which was recently so happily styled e." mo-
new famine" Men will feel that we have
stability and stand upon solid ground once
more, and will proceed steadily to carry out
those enterprises which were impossible as
long as the condition of Virginia was one
full of uncertainty and apprehension.
A prominent banker of New York, writing
70 correspondent here few days since,
asked how we could expect men to venture
their capital by investment here as long as
Virginia is out OF the Union? The question
is quite pertinent, and the answer Is plain.
We know too well that this reason has dis
astrously reprcssed enterprise here. Our
lands have been admired-our water-poWer
and mineral wealth have been the subjects
of wonder-hundreds Of capitalists have
declared their earnest desire to inyestmoney
in them, but dared not as long as Virginia
was out of the Union and there was no tell
ing what sort Of government she would
have.
Her admission win remove this difficulty !;
money will flow in for investment, and men
of enterprise will come into the State to
avail themselves of the superior advantages
here offered to almost every kind of In
dustry.
We are no enthusiast OH this subject. We
have no idea there will be a sudden flood
of money and of fortune rolled in upon US.
That would be great disaster. 1t would
cause the follies that immediately succeeded
the war to be repeated. We all have fresh
in orr recollection the mad speculations and
the fabulous prices that then prevailed.
House rents were four times as high us they
should have been. Rents broke many bust
ness men; and when the delusion was over,
many persons found themselves involved
heayily-Some never to recover. and others
to struggle for years to repair the damage
Of year of folly.
No, we desire to see what we no doubt
shall-a gradual Improvement through
steady and substantial enterprise as well by
our own citizens, strengthened by restored
confidence, as by the valuable acquisition OF
practical and experienced men from other
States and Europe. The growth that comes
in that way will be reliable. 1t will "stay."
There will be no uncertainty about it-no
vitality in it that will rest upon fictitious
stimulation that cannot be maintained, but
1t will be q healthy and vigorous life, daily
increasing in force and prosperity.