The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-01-14

was intended to imply. General FREMONT
explains the whole matter satisfactorily
and shows that the company has fully
maintained it's honor, and discharged its
liabilities. This is the first American com /
pany ever admitted to quotation on the
Paris bourse; and the General charges
that persistent efforts have been made from
this side of the water to impair its stand
inc with tho Bourse-which attempts,
we infer, have been pretty eHectually
squelched.
The best evidence of this is the continued
large sales Of the bonds in the French CAPT
tai and the negotiation Of large contracts,
which are now in the active course OF tut'
flment. They embrace $4,000 tons OF iron
and corresponding number Of engines
Shipments Of rails have already begun tt
reach New Orleans. and the first ten en-
eines will be ready for delivery at the END
Of February.
The Memphis and Little Rock railroad
now part of the grand line. from the
Mississippi to the Pacific, is completed FOL
100 miles, and will be finished by the tirs'
of July. The Texas division, which con
meets with it, is in progress. The laying Of
rails upon it will be Immediately begun
and during this year it is expected that 2ot
miles Of the road will be completed, IRON
which an annual revenue OF million o.
dollars is anticipated.
General FREMONT states that the COM
pany has right of way and land grants the
entire length of its road save one hundred
and fifty miles through New Mexico, and II
is only for that short distance that the com,
pany is asking the privilege Of the right OF
way from Congress. Rightfully this grand
southern route is entitled to the same favor
that the Federal Government extended to
the northern route that is now completed
but it was soon discovered that that sort OF
equal Justice was not to be hoped Tor, ana
the company rushed away with noble
spirit, trusting to the superiority OF its
route and it's own energies. We anticipate
that in this glaring partially we shall have
illustrated the fable of the ape and her
two cubs. That one which she had petted
fell martyr to his inability to take care
of himself, while the other, which from ne
elect had learned to be Independent,
escaped from the hunters.
General FREMONT speaks brayely and
confidently. He is a man of great en-
ergy, and the friends of the south
ern route put faith in his ability. The
completion of his line will cause q revolu-
ton in trade and commerce Of great mag
nitude. It's eastern terminus must be upon
the Virginia tide-water. Norfolk will re-
ceive incalculable benefits from it, while
Richmond will be large sharer in its dis
pensations. The Norfolk and Great West
ern and the Memphis, Ell Paso and Pacific
line will open new and immense field Tor
Richmond enterprise, in Which will spring
up demand for the manufactures OF Vir-
pinia greater than any from any other di-
rection. We shall have the advantage of
two of the mouths of the vast commerce OF
this southern Pacific route on the Atlantic
coast: First, by the Danville connection
with the Norfolk and Great Western; Sc
cond, through straight road from itch
mond to Lynchburg, there possibly to be
consolidated with the Virginia and Tennes-
see road through to the Tennessee connnec-
tons with the Southern Pacific road.
With these, and our north-side connec-
tons with the northwestern trade, we can
hardly be cxtravagant in our predictions OF
the future Of Richmond as q manufacturing
and trading city. The fact is, the com
merce that must be concentrated upon the
Virginia tide will be so vast that jealousy
can hardly have the opportunity to indulge
itself. There will be enough for all. Nor
folk must become great, and Richmondwill
assuredly have the chance to do all that can
be done with her superior advantages.
Here, upon this central latitude, commerce
must be concentrated from the northwest,
west, and southwest. The climate and the
capacious waters attract it with irresistible
force, and those now live who will here In
this Virginia latitude behold scenes OF COM
mercial and manufacturing activity and
thrift that few now dream Of.
We are glad to see that the officers OF the
whole line from the Pacific to the Atlantic
are exerting themselves in manner worthy
of the grand enterprises they have in
charge, and that their prospects are most
encouraging.