The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-01-02
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&. AsuARY p 1s IS
Resumption. SIS .,ss sssS
Yesterday was the long dior say ni
SestSnsri'tson, for which there had csen pre-
1aaetsou in all departments of commerce
sssd business, and for which Coz esnmsns
aad 90 carefully made ready thse nothing
appeared 60 be neglected. that coasd cosif
sr,buse 10 make resasantfon sxs aHd seeafeI
tbe counrry against anything IKE failure mi
she. s.tesupnzs- Indesa. even Temporary o. a !
snrbauce ia the esnse OF tcsnuierce Is sse-.
dered asssgssher snprobal no thcrors
ara tsuxacssa sssafss sdi uated. The Gses ,r1
nasns u fortified powerfully, havir'E an
aya5sshse cola :balauec OF $228, o@s,Oc0,
while cesn and spneer are % par
wsth enc fasother. within The week
com ssaimsa have sesn readily sssssed ~
psasy,lept In paper, and there is 1,s 'srouna
IN auypsrebcndtng arg iostle In the smooth
e,surse Of asnancefor a long time. sPrepara-
sson has beea shorough The whole conf
x1ercidl world has been taking ga sail ever
since Che resump lisn law was psssed Cred
It's hupelbeen reduced and securities main
saSuaaas nlssch possible intact, whiie econ
suurv has strength ened the country against
cha a3ay of trial. No former resumption was
syusertaken with better preparation, md
everything seems. TO forbid The idea that al
any disturbance can occur, and to give as
auramce:d Of 'tbceasy soiutionaof the problem
"a assumptions. .,.,.,...,.a.-
with resumption there will be rapid
4 restoration OF nfidence. tits chat restora-
aion which must be guarded against. IL
saH require a great deal OF prudence to
regulate properly the current OF business
and the buoyant spirit OF enterprise alter
The revival from the PROSTATE condition IN
which they have been so long detained.
We huYe, indeed, under the present state OF
national finance, protection against the ex-
uberapoes 81 monetary speculation. Du-
ring ah previous banking and financial sYs-
tens it has been found thattWild schemes
of credit and over Issue Of paper-money
periodically involved the country, in ruin
that caused enduring embarrassment and
poverty The presentpaper system affords
little room for the strategles that so desc
lated and demora1ised the land in other
days. Never had the country before pa
Der-money that was so'treliable as that we
now have. It eanaot be made bad-it can
not be deprecated. 4. 1T cannot be unduly
increased 10 the disaster OF commerce and
to the production Of a crisis and crash ia
tile business world. That 1t. has defects
which time may mend, may be true; but
that it is detective in the matter OF Its la
biiity to be abused by imitation and conse-
quent reyulsien to the generascalamity, cam
not be said Of it. The paper-money OF this
country is the best we ever had, and it cam
not be made bad under the present law.
Resumption will ',e--if there is any truth
in facts and signs entirely successful. and
a short time will find everything as quiet
and smooth as though there had never been
any interruption to specie-payments. The
revival OF conGdence-that delicate plant
that is ever nipped by the. frost Of suspen-
sion-is sure to follow resumption; but the
present condition Of the national finances
discourage the apprehension that it will re-
cover too rapidly. The influences that will
hold in restraint all impu!sye and iubiiant
energies pretty clearly assure US that we
shall be for long years protected from any
such excuses as have in times by1gone
yexed the nation and spread ruin over the
land ' -@a" " - - -, > =. :, .''..
Starting the year with resumption under
the most favorable auspices, all men should
endeayor to so shape their projects and
their business as to be on the sale, side.
The bases OF estimates and expectations arc
clear and ought not to be much iable to
mistakes. II men have q; clear field, and
have few reasons for being misled, they
should seldom deceive themselves or others.
Men ordinarily do not simply undertake
enterprises to deceive others. They Intend
to make money, and when they fail they are
themselves deceived rs we'll as others. But
under a woll-regulated paper system-one
that prevents excuses OF paper-mouey and
credits-they are, in less danger OF deceiy.
ing themselves, as well as Others, and there
is good reason now for expecting period
uncommony free from irregularities, de-
ceptions, and disasters. lsty, r.saa zas.s
In commencing the year all businessmen
should contemplate in the calmest and most
deliberate manner the surrounding cireum-
stances md the prospects before them. 1t
will do them oil good, this devotion OF some
time to the earnest consideration OF matters
vital to their peace and prosperity. II We
contemplate d great community thus en-
gagged, we cannot doubt that 1t will, be bet.
ter prepared to take care of itself and pro-
mote the, general good Than il II took nc
time to prepare FOR, the duty that time, will
devolve upon ii. go. ! =t1''f >.t'
Imagine resumption successfully accom-
plished-imagine business moving along
quietly and successfully; and the modes of
business accommodated to the financial or
der OF specie-payments--wes see inadyanee
that system and regularity that will tend to
the preservation Of good faith, punctuality,
and reliability, diffusing satisfaction and
.imparting energetic the whole economy OF
life. 1t will do more-it-will guard COM
merce and shield it from the demoralizing