Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1876-10-12
OUR WASHINGTON LETTEF.

WASHINGTON, d. c., Oct. I. 1876.
The suicidal policy pursued by the
Southern people, which has had the ef.
feet to discourage immigration and
keep out enterprising men with capital
is now beginning to be seen. There Is
probably not a solvent railroad compa
ny In the South-certainly not one in
Virginia. Railroad property in the
old Dominion seems TO be Improbable
even in the Centennial year. The Al
ken Brothers and other citizens OF
PENNSYLVANIA, have recently filed a
bill in the u. S. Circuit Court, at Rich
mond, praying for an injunction against
the Petersburgh Railroad Company,
and for the appointment of receiver.
The bill charges insolvency and failure
to meet obligations to the plaintiffs, be-
ing judgment in favor of the credi-
tors of the road to a large amount.
Capitalists have no faith in Southern
rulers, and even Mr.. Tilden, who is so
deeply interested in the political saliva
ton of the South has not dollar Of his
immense wealth invested there. His
faith in the financial resources of the
South does not equal his faith in her
political resources. In the latter he
perceives her to be fertile, but in the
we'll, he prefers investing elsewhere.
He Is willing to entrust these people
with the Government, but not with
his capital. 1t is astonishing to find
men 50 stupid, so blind to their own in
tests and the interests OF the communi-
ty in which they live as are the South
ern leaders, whO seem only to live in
the past, fOrgetful alike o! the present
and future. Their attempt to place
the Democratic party in power again.
Whether successful or unsuccessful can
only result in precipitating their tinan-
ciaI ruin; while from the Republican
party they have everything to gain.
The wealth and intelligence of the
country is with the Republican party.
1t plants free schools, churches, indus
tries, wherever it prevails, encourages
skilled labor, and invites immigration;
its course is marked by thrift and en-
terprise. 1t is the party of law and
oIder, and of public honor, and gives
that abiding confidence without which
Ca pital is invited in vain. The best
men OF the South know that immi. ra-
ton and capital is what that section
needs, and this they keenly feel, but
have not the courage to cast off the fet
tiers of party alliance that is sinking
them deeper and deeper every year in
political and financial ruin.
A pal of Boss Tweed, one E. A.
Woodward has been arrested in Chica-
90, undOr the assumed name of A.
Wallace. He states that he is just from
Europe, and has not seen Tweed for six
wears. Woodward was formerly chief
clerk of the Board of Supervisors of n.
Y, and one OF the chief conspirators in
the n. Y. frauds. He acted as the
agent of the Ring in the division of the
spoils. He will be held until the n.
Y. authorities are heard from, when
he will no doubt have an opportunity
of meeting the Boss, now on his home
ward passage from foreign travel. III
thesefwo worthless should squeal on
their partner, Tilden. what a fiutter-
ing there would be among the Demo-
cratic refOrmefs. Woods ward stated to
a reporter that he was in favor OF Til
den and Reform
Now that Colorado has gone Repub-
lican 1000 strong, Democrats here think
the election of no significance wkafev-
er, and in the same manner treat our
gains in Connecticut. They say wait
until November. Well, we will wait,
and then fiDd State after State wheel
ing into line for Hayes and Wheeler.
equal rights and constitutional liberty.
C0lorapo don't need 'reform'-at least
she will not take any with TiIden Ia 1t.
Republicans here are jubilant over the
news, and are satisfied that its moral
effect will be felt in the States voting
next Tuesday. The canvass in West
Virginia is very animated, and Gen.
Goff. the Republican candidate for Gov
ernof is now confident that the Repub-
Ii ans will carry the State. Owing tOI
the removal of the State Capitol from
Charleston to Wheeling, and the profit
gate expenditure of money by the Off
cials under the present Democratic ad-
ministration great detection has
sprung ul among the Democrats of the
State, and they are now very much
divided, many of them being opposed
to voting with their party. Gen. Gofl
has made a vigorous canvass through
the principal counties-met the peo
pie freely and made frierds every
where. REP.