The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-05-16
virainia---The times.

Virginia ne Times.
All indications tend towards the restora-
don Of order, business and commercial,
and g the revival 81 confidence md trust
amongst men. The Government credit was
never at any time before SO good. The,
synsicata, established to SELL fifty millions
Of bonds at AZ per cent, had disposed or
thirty millions on Saturday, and the pros
pect is that the remaining twenty millions
will be sold 10 a short time. Our foreign
commerce Is perssstentiy healthy. Tnefe:
Is wonderful demand for the four.per.cent.
sUnited States bonds. This Is very eaeourag-
ing as well as remarkable. The chief demand
is for home. There Is not only increased
confidence In Government securities. 0ut
there is an appearance OF more money lot
investment than there was supposed TO De.
with all the disturbing causes that have
so startled and diminished faith IN the State
OF Virginia, still there is confidence in Viz
ginia corporations. The bonds OF Rich
mond are considerably above par, and can
be readily sold. tits painful that whilst our
city stock is in such high credit the stock CT
the State has gone so low that every honest
man should be deeply grieyed and made to
blush every time his eye falls upon the quo
tation Of stocks in the Richmond markets.
Nevertheless, there are signs Of improve
ment in Virginia, and we feel assured that
from, this time onward there will be grow
ing faith and thrift in our state-one that
will be not rapid but steady. Sales in this
city prove that real estate has stihened
smartly. $50
The restoration OF confidence and the inn
proyemcnt o; compensation for industry
through increased occupation and dimi-
mutton of the cost OF living, must make
people better contented as well as more IN
dependent. Is. # .a..|
yircinians should know that it not pos
sible to come to state OF entire content
merit and to state Of independence where
the public credit is impaired; for that OF
private citizen must fall under the discre-
dit which clouds the reputation OF their
State. and not only must the businessmen OF
the State suffer because OF the public dis
honor, but Virginia, as home for immi-
grants. must be rearfuliy preiudiced in pub
lie estimation.
Can Virginia resist the circumstances by
which she is surrounded? Can she con-
tinue to suffer from 4 bad name while the
Federal Government and the States gen.
erally ore maintaining degree OF trust and
honor in the civilized world that is I'M
equalled in the history Of the Union? In
deed, there are two or three States that are
tainted, but that only makes her position
as a companion in dishopor with these gan
grered States all the more uncomfortable.
Virginia has a chance to rise and shake
off the dust OF discredit and dishonor as
does the lion the dew-drop from his name.
The nation is recovering, and commerce
and domestic economy are deriving slowly
but steadily the good effects OF the reestab-
lisbment of order and fair dealing and ln-
creased occupation.
Suppose she lags behind and makes no
effort to enter upon an agreement with her
creditors, can she hope for peace or for re-
lief from those burthens which she has
solemniy pledged her honor to pay at every
hazard? Vain hope. She must recognize
the inyiolability CT contracts, and she must
redeem her honor. Get away from her OBJ
legations she cannot. The man is fool who
SAYS she can. Law and judgment from the
courts of last resort are so clearly against
her that there is no recourse for her but to
yindicate her fame and name by honest set
Element.
People of Virginia must know all this.
Events arc closing around their State, and
they must presently select whether their
honored mother Virginia shall be lifted up
from disgrace and restored to her eminent
position among the States, OF whether she,
and all her children with her, shall drag
along life OF dishonor and shame for I'M
told years to come.-
Oh, men Of Virginia, rise up! The re-
sources Of the State are abundant, your en-
ergies as we'll as your patriotism should be
victorious over temporary depression, and
q year or two OF proper manhood and devo-
ton would give your State and yourselves
grand triumph that would be brilliant in
proportion to the number OF obstacles that
you conquered.
The men that give counsel against good
faith and public duty are peryerse IsH-
MAELs, who are incapable Of good deeds,
and whose works are as prone to evil as are
the sparks to fly upwards.
Congress and Reputation.