The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-11-05
A Cheerful Showing.

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IgNew York; OF the seth ultimo, and COM
mend this business view OF things In our
city to the careful consideration OF our
readers. The result OF the late election In
Richmond only adds another confirmation
OF the resolution OF this city TO preserve
her credit inviolate. MaboBesm has no
standing here:
The situation In general OF Richmond
continues to improve, despite the dlscredlt
naturally attaching to the State at large
through the unhappy discussion OF the debt
question. There is but one way TO really
settle that question. and that Is through
commission OF businessmen having no po-
lilical aspirations, and these men can be
found. Politicians have fully demonstrated
their inability TO grapple successfully with
IL, and the interests OF the state are too ex-
tensiye 10 permit further damage to them
by allowing ibis controversy to continue.
Thus far "rtAdjustment" has found no
lodgment in Richmond. The standing OF
her securities indicates more plainly than
words the excellence OF her credit. Rich
mond SIS are 1913; her 6's, 1928; and her
SIS, 103. This shows very rapid recupera.
ton when it Is considered that only fifteen
wears ago all OF her business interests were
utterly PROSTATE and the bulk OF the city in
ruins.
The large sums of money put into trans
portation lines centering in this city during
the last twelve months by northern and
western capitalists have greatly extended
ite business capabilities, and her merchants
are taking advantage OF these facilities TO
the fullest extent Of the ca ,ital at their COM
mand. The fall trade, therefore, has been
in general excellent, and largely with the
region southwark producing cotton. Col
lections, also, have been good. The iron
interest has shown the revival in that line;
us examples, The Tredegar Company works
1000 bands, and the Old Dominion Iron
and Nail.Works 600. The -four interest
continues TO meet the regular export de-
mand, and to present special brands in con-
yenient packages for the domestic trade,
which latter is being pushed with yigor.
As to tobacco. the general substitution Of
the " drinking" tobaccos OF the West, both
in the export and domestic trade, has, for
The time, depressed the dark t0bacc0s OF
Virginia This, it is believed, will only he
temporary. Those factories working the
fine yellow grades are busy, and this to-
bacco is steadily gaining ground through
out the world. especially for cigarettes. No
depression is reported in the other indus.
tries Of the city not already named lively |
trade is reported, which the movement Of
goods confirms. The grain coming this |
way by the Chesapeake and Ohio rail- |
road will soon find accommodation in |
an elevator. Over two thirds OF |
the money has already been provided. |
The Richmond and Allegheny has one.
also, in contemplation at its terminus here. |
The extension OF the Chesapeake and Ohio |
railroad TO Newport News will not work |
any damage to Richmond; it will, on the |
contrary, give the people Of the Peninsula
the means Of trading at Richmond, which |
heretofore has been denied them. There is
every probability hat Pittsburgh Will find
1t TO her interest TO construct railroad 10
connect with the Richmond and Allegheny
railroad at Clifton Forge; the average haul
on The ores now coming to her is in the
neigbborbood OF a thousand miles; this road
would put her within $50 miles Of The bulk
OF what she would need. A company Of
capitalists from that city, as well as from
other points in Pennsylvania, are expected
here about the 10th OF November to inspect
the deposits along the line OF the Richmond
and Allegheny railroad. III this DAD is con-
structed Richmond will become port for
products, and make still more
urgent the Necessity "l uetpcnIHB Jdines
river to accommodate vessels of the heaviest
draught. The work necessary to accomplish
this is really confined 10 not over fourteen
miles, and the Government could not posi-
bly, spend its money better than TO make
perfect this highway to the capes OF Viz
einia. Richmond. in short, at no time in
her career has enjoyed such advantages as
are now vOuehsafed her, and her public
spirited men will see that good fruit shall
come as the result. A movement is on foot
to establish an industrial institute, that her
may become equal to the de.
mands on them by the steady growth OF the
city as manufacturing centre.