The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-01-29
nIlllold
wEpsnsDA ", 1879.
The LIS of tae Comfy.

The Lssss of tho coun
There Iii 10 much off the conversation inst
has become fashionable concerning nasrf
times and debt and taxes that the public
mind has heen mad ertently ied away e, e. r
condition In which It sts insensi be y 20 the
realty. We all ignore 70 q degree what = =
present snsi what surround 20 y eyer
lis. Men are prone at times 70 look on the
dark side and 10 ;despond when they should
hope--to relax energies when OF all times
they should put Forth with alacfstyi their
strength. SIS 81 81 st IA 81
IT is a sort of disease at such times 70
despond. and even the younger part n the
community fall partially Under is when q.
hope is she life Of youth, and gives " all sss
graceful buoyancy and inspires its gra o.,
heroism. " ~ ! 4
Let us ali remember that we lige in an
are Of Unparalleled enterprise, md in the
loYeliess and richest land on The globe--tllle
land OF the richest and most inexhaustible
stores Of mineral agricultural wealth.
we have had a fearful civil wsr, and that,
proved the wonderful heroism and proves
Of our people. No less should the trisis =
and troubles o, the financial disasters that
followed The war prove their sagacity, con-
staney, and iortitude. These virtues, we
contend, have been proved. We may point
with pride and triumph to the financial
achievements. Of the Federal Government.
We OF the South may with justice complain
OF many acts OF our northern brethren that
were hard and oppressive. but we must re-
member that war carries with 1T conse-
quences that seldom fail to give just cause
OF complaint to those who belong to the
losing side.
Yet, whatever be the extent and justice
Of our complaint, all must confess that the
credit OF the nation has been maintained.
and that rapidly are the things that affect
the commerce and the industry OF the coun-
try riyiting themselves and bringing order.
confidence. and contentmept out OF cor
dition SO lately disturbed, disordered, and
unhappy.
1t is plain that things are improving, and
that this great country-this land OF unllln-
tied resources-is proving its power and
it's adaptability to the promotion OF the or
der. happiness, opnlence. and elevation OF
the finest type Of man in the civilized
world.
That the recovery will be slow, we hope
and trust. Sudden and rapid recuperation
So, nH rftnr1
delusive. To be sure, it must be gradual.
Suddenness and surprise would surely let.
loose passions aud speculations that would
reproduce confusion and disaster. a smooth
and quiet process OF restoration will bring
us all into the calm sea Of order and steady
occupation.
Money is scarce. And yet businessmen
and those who reflect upon the condition Of
things must know that as we go on money
must be more at command by force OF the
reyiving confidence. Resumption is an old
tale. Paper and coin are at par, and likely
to continue so. i 4
Government per cents have grown into
such credit that the 6 and 5 per cents
will soon be merged into per cents, and
this will be the highest interest paid by
Government. r,.,s.lz4 ~
This indication of the increased foreign
demand is fortunate for very good reason.
We have mentioned the large investments
in the 4 per cent. bonds in this country.
This indicated want Of confidence in
other investments at home There must be
steady growth OF trust and hope amongst
money. holders, and as money can earn in
this country better dividends than 4 per
cent. there will be a disposition to transfer
capital from the Government bonds to other
things. The foreign demand will afford the
opportunity for the transfer.
We arc sure that few months will place
the country in condition OF order and
contentment that too many Of our people
believe to be hardly possible.
We consider this to be the happiest pos
sible period for this venerable Common
wealth to move into the arena OF solvency
and order. Now is the time to settle with
the public creditor, put forth new bond
upon solid basis, and thus put to rest all
agitation, all apprehension, and secure
order, peace, and contentment to our long
harried and distressed people. 1t would be
the saddest Of all sad things that at such a
time Virginia, by her own act, should be
excluded from participation in the blessings
OF restored credit, and of the harmony
and serenity that belong to freedom from
agitation and partisan alteration.
Virginia occupies the latitude in the
Union which is prolific OF oil good forces
and nil the gentle influences that tend to
promotion of domestic happiness and social
dignity. 1t is the duty Of her people to see
that she shall not, in comparison, drop be-
low her sister States in the virtues that
adorn society and exempiify manhood and
public spirit. II Virginia can but accom-
plish the great work OF settling with the
public creditor she will bless her people.
honor herself, and restore her name to its
proud position amongst the States.
On the Wrong Chute"
Dir. MusHBAcH, ia his speech against the
Richmond and Allegheny railroad, brought
to the notice Of fine HoIlSa yyba. bo s,,o