The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-08-26

10 the OHIO ,eK.EssB We abteuutu lse"l.ss.
.esstprof atnifar tuny tn s.;i.ad
later, a,ds while bpth oHgeDtioas !. ~ ,,s,r ~
in ecmiseh dag tkfs -schenelto tne 49, =.
Cooesesss noeeppr orristso g, - - Il
cured; nor is there ,the zig nless ,e sor this
hone That one eVer1hlA pc naue ~ ,raIi
purpose, since northern democrats 10 mt -
al Republicans have declared Iss
be opposed 70 oil such scneMss. a as M
TO say, too. that we have wInten anu ~ CIV
lItshed In the last twenty -tnree Jed,s a,sy
tyv th,1 scb sn,eI az the columns OF the Htr-
~ In, for an that period will atiest: We
ls,nre doinp,tliis long before the He,rs nad
s.nx av,atenee..<. II M 90 =. sttI.t.iT
nd now what has 4wror sht I be ehange
in n,Ir mind and our ceurse3C w hgysimpiy
this: The canal has pIoyen failure; the
COMPANY is overwhelmed with debt; It's
fnrmer friends have abandoned It.; the pro-
,nertys must aud will be sold, and that with
ont the slightest prospect thai 1t VIII 5etcn
the amount otis bonded and floating dept
We assume, therefore, that 1t has no iutr'n-
SIC yaitle, for 1t Is bankrupt, having no assets
over ana above Its liabilities. But this IS MOI
NIL. for it's, atmost certain that II anotnef
flood sbo old come-sucb food as we nave
twice, been visited with in the last pine
years1-the canal would never be repaired,
| and the people who are dependent upon II
Cor iranpoftation would be feft wholly
without the means of getting TO Market,
which Lynehbnrg an0 Richmond wouic
Suffer to tie extent of being without tbis
artery OF trade, or one to take It's place
and discharge its functions. This. Is the
| opinion OF the president OF the company.
M made; known to9'us aby himself very
] recently--and no man knows better loan
he what labor it has cost. TO secure the
tlate repairs to the. canal. portion Oh
which has not been naylgable until now
for nearly two years: Richmond would
not give the slightest aid towards making
the last repairs; apd it is quite certain
| that Lynchburg, that did contribute, VIII
do so, no more. It is easy to determine,
therefore, what would be the fate OF the
canal in the event Of another destructive
ireshet rwheD, as we see, the people nave
| lost heart and hope in this work. They're
lieve, moreover, and with good reason, thai
canals are behind the age. and that, rail-
road through the rich Valley OF the James
would develop, our vast iron interest, ell
nance tie value Of their lands, give great
impetus to the cities Of Lynchburg and
Richmond, improve all the section pene'
| JTdteu 10y CUc Iudut piofS DSuSuSh'i w
the State at large-to the extent that il
would Increase the basis Of taxation and
enlarge our manufacturing industries.
Nor Is it quite just to assume that the
men connect, ed with the proposed enter
prise are sharpers and knavcs, intent upon
4 "gigantic steal" and that they are. as The
/ Ne,cs further asserts, !" alien to Virginia and
BIER interests in every form and shape" Ii
lis easy to see that they would not be
"alien" to our interests il they should In
vest their money here; which is Just what
we want them to do, however the Neaos
may feel about it. i p. ..,'.
That elegant gentleman and friend of the
South, Governor Randolph, Of New Jersey,
who, as ne told us recently, has sunk $780,
600 ,in Virginia improvements since the war;
is party to the scheme Of buying the cana
and building railroad thereon; because he
thinks the scheme has merit and would be
Of great service to this section OF the State.
Governor Randolph may surely be trusted
by Virginia. aud is certainly not "a sche.
ming adventurer." 80 d.. --.! :.
The Ne,rs may be right in denounciu2
:: "aliens" and in discouraging the influx OF
foreign capital to build railroads aud de.
velop our mines, but It. must excuse us for
not seeing the matter with its eyes. At all
events, we are willing to be held to :"
strict accountability for our course touch
ing this railroad project; and, sooner or
LATER; The people OF this Valley will see
whether the Virginian or the Ne1oS has
Ipjyen them the soundeSt advice. ...s:.....