The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-04-15
PETER T;ncs---When?

well. they are beginning. There - I'M
oaestiouably state Of quiet ana ofder. ! nc
Iiaanc!s, raiders are pretty wen squefeneu'
There are M, wild schemes for setting pco-
p,s crszy over speculations IN anything.
The movement Of produce IS go'hS on OF
ier,v. and IL some people with money VEN
.,re RI invest with view to future specu-
la;;cn. and that al day not remote, they
hsse ,h,,r calculations upon nothing ire
r,,lar, nothing sudden and startling, tnat
has O cause hidden from public view. Every
thing is lust where 1t should remain :undef
the influence OF the regular laws OF demand
ard supply, OF The easy and STEADY move
mrnt OF commerce as called for BY business.
Therefore there is no reason 10 lear any
disturbance OF a speculative character. 1heu
NAV enter upon transactions assured tna'
thnv w;i, be able to complete them before
change OF values in such degree as may
resrn in ruin. II may be said that such
change will enrich as many as it ruins. Tpat
ia no general consolation. Any disturbance
G, that kind complexities all business ana
leads 10 general disaster. We may be happy
tina, we are passed the memorable scenes OF
the Black Friday. Such speculation as there
isnow is in such things as aftl'ct the country
with no injury. The spectators are dimn-
ished in number as the scope OF their opera
lions is curtailcd, and they do little more
harm than do the gamblers, who are oil the
time causingthe rapid transition OF money
from some pockets to others, but not to such
an amount rs to afsectthe general public or
seriously to impair tbe general morals.
The country, under the steady pursuit Oh
order, and schooled into an economy re-
strained by something like certainty as 10
the means OF expenditure rs we'll as wants,
will become more and more solvent and
contented.
In our locality there must be soon an i'm
proyemeut from the bringing OF the tobacco
tax, and therefore the tobacco business, TO
something like settled basis. For long
tue, it is probable, there will he no agl-
t,iiop about the internal tax upon tobacco,
and men will 80 on with their plans ana
their exploits assured that they will rot be
driven to change or suspension OF BUSH
ness.
This will bring to Richmond great deal
OF con!entment as we'll as solid and rea-
sonably thrifty business In the departments
OF manufacture and trade, which confer
greatdeaI Of prosperity upon her and her
citizens.
Tnere are some signs OF Improvement
indeed; but not many, nor could they be
exrccted. Our people have been too sorely
tried to be readily excited beyond pro-
pric,y. Men no longer rush headong into
adventures. They calculate too closely
for that, aud well they do. The want OF
prudence in entering upon undertakings
has s,rewed The country with wrecks. 1t is
sad TO count up in your minds the cases OF
ruined nen-ruined in the confident en-
peciation that little investment would en-
able them 10 get out OF immediate cmbar-
rasSmeut and pave the way to ultimate case
and recovery.
Men have learned wisdom, and are sure
to see where the money is to come from to
pay for an investment before making it.
This, OF course, restraints the prices OF pro-
perry within prudent limits. Every en-
hancemcnt OF values now may be looked
upon oolid and a. reetinS upon " SOUND
basis. AS men increase their gains and en-
large their bank account property will be
better, and then all will be right. There
can be 40 delusion in such condition.