The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-07-28

Following this commotion in the grain
market, has been correspond ing excite
meat 10 the stock market, resulting from
the active war going on between through
lines OF railroad from east to west, and the
cutting Of rates, which, added to the pros
pect Of diminished freightage by reason of
the crop shortage. has had depressing ten
dency upon this kind of stock.
The condition of the country, however,
was never more prosperous, and this pros
perity has solid foundation. Vast values
have been created since 1873, habits of
economy have been fOstered and encour-
aged, our fields of the precious metals have
been extensively. worked; new discoveries
of gold and silver deposits made; the cur
rency Of the country is now uniform in its
purchasing capacity, furnishing firm basis
for business calculations. and in every re-
spect the influences operating upon bust
ness are steady and assuring.
1t Is not very difficult for the ''bulls'' and
''bears" to get up an excitement in the
grain and stock market. and it is rational
sSos oOa.S Va bIit uChlCIS anu SpcCuldbOIS :
should as result, collapse. But the gem
eral business of the country, confidence in
the financial system and the currency, and
all the reasons of the case, invite to the be-
lief that there is to be no serious check
to business enterprise and material develop
ment.
OF course, whatever fluctuations in the
grain market may occur in the large centres
Of trade must be felt in the rural districts
But every one should keep his head on his
shoulders who is directly interested in the
grain market, and not be carried away nv
any sudden advance or depression in quota
tions. A leveling day will soon come and
the general average of prices be fixed by
supply and demand.
The card published by Mr.. ]. W. Cochran,
Chairman of the Republican State Central
Committee last week in the VIRGINAN, calls
for more than passing notice. 1t exposed a
plot to control the Lynchburg Convention in
the interest of the Re-adjuster faction, mas
riuch as the wording of the bogus circular,
with Mr.. Ca. name forged to it,opened the door
for the admittance of those who are committed
TO the Re-adjuster ticket nominated at the
July Convention, by reason of their participa-
tions in the deliberations of that body. Mr.
Cochran properly states that he has no author
ity to change the conditions for the election of
delegates from those prescribed by the Com
m ttee which elected him, and certainly no one
had the right to sign his name to paper he
had no authority to issue. 1t might have been
excusable, in the interests of Republican Or
ganization, for the Secretary to have attached
his own and the chairman's name to paper
which strictly reflected the action of the Com
mittee and conformed to the terms decided
upon by that body. But to sign his name to
document that disregarded these conditions
and interpret the action of the Committee to
mean what its resolve expressly denies, is 60
ing q bow-shot beyond the license allowed even
in political emergencies
This is but one of the ways the Re-adius-
ters are devising to encompass their own
downfall. They 60 upon the principle that
the Republicans of the State have already sur
rendered to them and all thatfemains is the form
Of convention. chosen as they may suggest,
and controlled as they may dictate, to assure
. coalition. In this they Will find themselves
mistaken. Such impudenee will be properly
and effectually resented, and it is well enough
70 bear this IN mind