The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-02-08

What chance is there of introducing capital
nto Virginia il we are to reject it when it is
offered oh, but it is said, "these people
want to control our propertyP' Do you thea
expect Mr.. A. Il. Stewart, or Mr.. Aspinwall,
to give You their money! Did you suppose they
were going to make US present OF their stocks
and bonds2
or course they expect some sort of return
for their investment, when they make 1t. LII
they buy our lands, they have the right to
live on them and If they build railroad,
they will have the right to run it. We cannot
| expect Northern capital to come here without
a measure of Northern influence in our affairs.
| There is very simple alternative. We
! ought to avow plainly whether we want North
ern immigration or not II our motto is "nor-
intercourse" let the Legislature express the
sense of the peoples and it is our firm convic-
tion we shall not be troubled. The difficulty |
is to get these people to come. They mistrust |
US. They fear investments here are not safe.
If the application of the company, which
will bring capital and immigration into
our State, be rejected then the Enquirer
suggests that, if we can spare the labor, we
build Chinese wall along the Potomac,
make here and there narrow gate, and
collect tolls, if anybody is permitted to
enter. 1t is good suggestion.
The Enquirer also has an article, in
which the. change In the policy of the
paper is fully indicated. It denounces
every form of State reputation, and says
as we have got through honorably with
our private debts, now we ought to see
that every dollar of the public debt is pro-
vded for. 1t sustains Governor Walkers
financial policy in every particular, --be-
lieves that the debt is owed by old Vir-
gina, and should be paid by her, while
West Virginia owes her proportion to us 5
and should pay it over to US. It's position n
Is stated in the closing paragraph: 4
Therefore our position is that the govern o
ment of Virginia is bound to the bond-holder n
FOR the tchotc of has bond. 1t is the duty of Y
West Virginia to assume her just proportion y
If the debt; but her business is with the State "
IF Virginia, and not with the creditor. West ri
Virginia does not know the creditor and the Fl
,reditor has no remedy against West Virginio. e
We defy any one to specify how the creditor a
'euld recover anything from West Virginia. IT.
The question might arise: Which is the "
rue old Virginia, and which is responsible s.
o the bond-hoder directly7 y
The Wing cites the course adopted by
ich and prosperous States, which have e te
urplus of both population and capital,
nd manufacture and raise more than they
an sell, as examples in railroad policy for
'irginia to follow. The situations are far
'om similar. Utah, or the great desert of
ahara in Africa, would be BETTER or
Egypt. The Mormons might as well have
emsnded that the Pacific railroad should IN
alt at Salt Lake City the Arabs. that Of
le right of way should be denied across an
le DESERT or the people who inhabit the
'thnus, that the canal shall be closed up
acause it was constructed with French
Ipital. s
Virginia is helpless, and almost desert. SUI SUI
ne wants aid, and is willing to receive it ma
ON any quarter, at least until she can get of
! her legs again. Illinois has all the ele- s W
ents of greatness and prosperity within wo
.rself, and can afford to be independent. pee
irginia is, and must be for years to come, I
pendent upon foreign capital and enter me me
Use, aud if the "Vultures" have scented cal cal
9 carfion from afar, and have come here
devour it, why, as we cannot eat it our
Ives and it infects the atmosphere, let
EN- come. Don't kill them. In Charls- a
n and other cities South, "Vultures" are
detected by law,--let us protect the Whig's
buzzards in the same way.
icy will soon make our atmosphere =
althful and pure. In the closing para hsy
aph Of its article, the IPhig says in re- Bla
'ence TO the Fredericksburg road: f sor
IL there be abuses in any of its policy, let its Fen
icers be called upon to reform them but let Reg
rginia fight for her independence upon that pou
e with the same pertinacity with which it
IS struggled for by Lee, being assured that
this contest she will pervail, and that the
ly condition of success is that she shall be
lie to herself.
Yes; and the same luck awaits this COM
ny that Lee met with at Gettysburg and
opomattox. II
The only way to make the Fredericks- nee
re road isreform these abuses" is by stra
artering another road, and frightening l'-
at company into measures by holding I
mpeting line over them as a constant e eng
mace. Let this excitement die away BY
thout doing anything, and all the pro- a assl
ses now made will be forgotten, and the who who
abuses will continue. We never shall Ute
We an sll-rail line to Washington, unless e 6hi
force it now. Hys
rita