The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-03-26
stand Firm by the State


There i no way to triumph over 'f'a's
and misfortuncs but by endurance ana gov"
faith. We cannot hope to rise above our
a;s;cu,,;es unless we tsavely strive 70 meet
them. II they amounted to sea OF 'Fo"o'es
we could only end ,soaR by opposing '"e'n
like raca and patriots. Notwithstanding use
,,ro,, rc,o,yn Of this State, VIC are prosound- |
10 ;noresscd with the bciIet thas she
achieves a ,riumeh over her present UTa'S,
.ns yoee,s ,uorasly and bravely all her liza
,sn,ics i, will give her fame grestee than
asr tina, hss ever gildea acr maine.
we do not exceed the limits Of practical
wisdom whem we soy that If Virginia ~indi'
Gates her hoatE by meeting her liabilities she
will gain name greater than she has ever
had, and her resources will be vastly multi
Oiled indeed, be multiplied to an extent
that will make her whole debt Hight ear'
= then Tor her people. An addition Oh oue-
third TO her taxable resources will make her
debt an unfelt burthcn. Does any practical
man think it hard matter to add this one
third? Ncin'be easily achieved 10y cherish
ing our commerce and by avoiding all
schemes that tend to impair the pubic Gre
dit. Considering the mineral wealth OF >ir'
ginia and tho sneagre development OF 1t 10
this time, We may say that Virginia, in pro-
portion to her natural wealth, is one OF the
poorest States in the Union; get develop
that weaiet even TO moderate extent ana
she will be zone Of the richest Gao we ex-
pect any sort of progress in THIS hne Whhe
the public credit of the State is so low THAI
the State bonds will not be tahen as collate-
raj security for loans TO her reoHe'
or course not. Nor will capitalists SEND
money tsVirginia as long IS she is bankrupt.
She must be considered bankrupt as long as
she does not pay, and she must beeonsldered
worse than Observation-Disclosures she tries
to discredit her own obligations Try herself
pronouncing them below par! 3rbanks to
the Virginia Senate for rejecting measure
of this abominable nature passed by the
House of Delegates.]
We desire TO be emphstieaRy argent on
this point The people whose Stale is de-
linquent cannot hope to be credited. That
is the point. No State that is disbenored can
prosper. Her people must fall with her. If
the State falls they, too must fall, and all their
enterprises, all their hopes, mast Se'hlighted
by her calamity. If any man thinks other.
wise let him study the question. little re-
Election will show him that there is uo'escape
for the eitiz"n Of disbonored State; and
he; ia ton of "a
is to her depopulation, and the first that
leave ore her best people. Can anybody cal
culate the injury Safe sustains frem emf.
grationfor cause like thisS
How much better would it be for eachman
to put forth his energies aud endeavcs TO
raise the means that would completely Vindi-
cate public credit! With q restored credit.
and with the concentration Of The praise and
respect Of the world upon Virginia, in the
eyes of the people might be read the history
Of the State. They would rejoice in being
the sons of one Of the proudcSt of States.
Such felicitaton would rest upon the solid
basis of a restored individual as well as put.
lie credit. New life would lie impaired 10
the occupations of the people, new invest
ments would be made, the flow of immiarx-
tion would be increased, and the aggregate
OF wealth would be SO Increased that people
would wonder that any body of men eve.
thought Of promoting the public welfare in
any way but by that of maintaining the
public faith.
We beg all our felIow-citizens to study tbe
subject patiently, unbiased by the views of
tricksters and demagogueS who are hunting
for popularity, and who think that it will
please the people to get rid of debt Listen
not to them. They hut lead their followers
into the boys and deserts, wheue they will
howl their distress and pray to be led back
to honest ways and successful enterprises.
A bankrupt State is no State ct all. H.
dustry, probity, aud honor mast be the dis
tinguishing traits of State whose people
hope to be prosperous and happy. These
great virtues the State derives from her pco-
pie. 1t cannot be said that the State has
them when the people have them not; nor
Can it be said that the people have them not
when they gid the reputation Of tue State
rifice to secure for their State that naRle Ehch
they value and desire for themselves.
A bankrupt State is not admired abroad,
and must sldier the terrible consequences OF
dishonor, which will soon inspire all her peo-
pie with the desire to depart from her. Wbis
condition Of things tends to suggest the in
quiry, Are these people capable of set.gsy-
erDment?
Oh, fellow.ctizens. let us MAR tain bright
aud stainless the honor of dear Old Virginia
Let US do so as the best means OF iaculcating
faith and reliance in ourselves; and in that
way TO invite population and capital; to in
crease commerce and manufactures, aud slim.
ulate the development Of mineral wealth
and thus to increase the wealth and resources
Of the State, SO that her debt will become
easy to bear, and all her children will rejoice
in sight Of honor, ana prosperity, and peace.
The Defeat of Psrdee