The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-02-11
CrLprrER, COUNTY Va, f,

| there were offers of forty.tw0 times the
amount needed. 1t is but little while since
the world was electrified by announcement
| that this same people of France had Of them
selves, and unaded by foreign capital, paid
| the whole Of that StupcndouS sum OF the war
| indemnity TO Germany-the whole sum be-
| ing advanced and the loan taken by her own
people. Why will not Eirgnians do some
| thing Of the same kind? If the debt OF
Virginia were owned by her own people
| 1t would prove source of wealth and
strength to the State. All the interest
she paid would 90 into the pockets of her
own people, and thus circulation would be
maintained, aud her people would have the
means to develop new industries and push
| old ones along. Good wages would attract
productive labor; the profits would be re-
| taincd by her own people; the consuming
clement Of population would rapidly aug
! mcut, and thus greater demand made
! within her own borders for the products Of
her soil, and the profits OF her farmers in-
creased 50 rapidly that land would be an OBJ.
iect in her boundaries, and we should hear
no more Of land agents, immigration boards,
and al the other ciip.trap appliances at the
! wrong end for inducing the influx OF capital
and labor. Let lis stop all this outcry about
| the resources of our State, the abundant
| mineral wealth. the rich and varied products
of our soil. the salnbrty and mlldneSs OF our
climate, &c. Let u 90 10 work with tie lti-
dependence and energy Of men, and furnish
| bv our success the proof that All these asSer-
| tion> are founded in fact, and then il capital
aud labor come they will come to stay with
! Us aud take up their abode here.
| What good, ask, in view of all the past
| history Of such matters in Eirginia-wbat
| i, jp ba nf IN io, IN
| have external capital brought into our State
only to be trausienty employed in carrying
out OF our bounds the raw material, so as TO
| leave us that much poorer, and then bringing
| back the manufactured articles TO sell to us
and carry off the profits to other States
| And vet this is what Virginia has always
been irving to do, and what her people are
! using every possible eXer!ion now to ac-
! complSh by their senSeless desire for
the influx Of external capitai-for what
To Get possession of as much valuable and
profitable property Us possible, place it in the
hands of non residents, who. according to
the established policy of this State, Shall reap
and carry of the profits, and paylno taxes TO
the Stale in which they are making their for
tunes. This is the inevitable result Of this
policy, if successful. Of bringing in external
capital. And the position is proven by the
present condition oil our affairs under the in.
cuous OF our State debt owned abroad. Now,
let all this be stopped. Let lis stop whining
about encouraging investments of foreign
capital in our Doardcrs TO carry OIL from our
people all the profits. Let Nirginians take
hold themselves Of all these sources OF wealth
/ and keep the profits 1T home, and thus build
{ up the State and their own fortunes, and not
have Us all, State and people, baDkrupted by
rt nd tbnt tn ~
carried oil to build up others.
Let the people OF Virginia demand Of their
l. Legislature that thirty to forty millions
of property in this State owned by foreign.
crs shall bear its portion OF the burthens of
government necessary to protect ii. Some
will say the State must not violate lis pro.
+ mise TO these parties; that the public works
J. built by them should enjoy certain mmun
ties and privileges. The State had no right
to give rights, privileges, and immunitie> &c
foreigners that she denies to her own citi
zcns; and her people demand that she re-
: woke what she had no right TO give. Blu
even a !airer and juster measure of relic
FROM the burthen of such stupid and blum
derinu contracts is open to her, and her peo
: pIe demand that she avail herself of it. o
course. it is difficult when man has made
slupd balglin 10 compel the other party t
= adhere to his obligations but the difficult,
: does not forbid his doing it. The par
ties with whom this State has made such stu
| bid bargains of course do not expect her
after acting so Stupidly, to have sense or en-
ergy enough to compel them to conform t
the requirements the bargains make of them
But she can do it. And her people demant
of her that she shall. These parties, in SOM
most important cases, contracted tory and il
, consideration Of certain privileges agreed t.
build, railroads. For their own benefit: Fo
the bcnetit ofeXternal communities? No! Th'
benefit of Virginia. These roads were oi
course designed by the State to be operated
for the benefit of her own people. Now j
they are not so operated the parties have VIC
lated the terms Of agreement, and it is tht
imperative and paramount duty OF the State
TO see that these are executed, or, in justice
to her own people, cancel the bargain, with
draw the privileges, and dspossess the de
faulting parties. 49,. ,sE.>e.. s-,1s ,,
| Now, in your issue for today, under the
heading "A Chance for Richmond"-anC
: The very last it seems to me-you speak o.
the value of the iron ores OF Ger
tain region. Well, Richmond and Tho
ate are Il long time finding this
out. The capitalists of Baltimore anc
other points and the great Baltimore and
Ohio railroad found out all about that long
ago; and they did not wait, but straightway
went to work 10 build Il road right up the
Valley Of Virginia, right under the eyes OIL
Richmond, TO carry of this ore TO another
| stale and keep this source OF wealth in her
own borders out of the hands Of our Sale,
and prevent Richmond, the rival of Batl-
more, from reaping the benefits Of it.
Suppose the merchants of Richmond and
her manufacturers had gone to work and
built the road from Buchanan to Clifton
Forge (twenty.cight and halt miles long,,
would Garrett ever have undertaken the
Valley road! And now that he has offered a
preteXt for stopping his work Of draining
this source Of wealth from the people OF
Virginia by getting mad and refusing to 60
on with it because some Of these people re-
fuse to do hi, bidding in furnishing the
mans to complete this work for the robbery
of their own State, will the Legislature stop
+! him, and give Richmond a chance to buffd
the twenty. eight-aud-a a.half-mile-road? Well,
Judging from the past, we can hardly nope
their refined consciences and exalted and
large hearted patriotism will permit them TO
do anything to benefit such trtltng, paltry,
petty State as that " hich pays them tor giving
away all her resources. We shall see what
ne shall see. II. n. ..
AS regards the oldest silver coin in Anne