Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-03-04

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hetxeen cheap and skilled labor - ssaIs -
iinely set forth In the statemen, 'nn aco !.
fbe y 2OO. 600 people of Massachusetts L,o ~
000 are depositors IN savings panhs " ..~,,
extent OF $500 oO0. 600 or $500 for eacn ulan y,
woman. and child-an aggregate weaittn - 20
the hands OF wurkmen greater tnnn .bo
All the banks and bsnking-housesD a ~ -
Southland that last year the prouuefh Nc a.
the workmen OF that single sSase ,r .n In fine
markets OF the world than oil the non a ~
coal and manufactured products anu i,o LA
cereals and cattle and tho cotton proo..ovv
Inv fine fifteen millions in the vast tertl'Ot'
south and west of the ONO.
MACHINERY VERSUS MUSCLE.
Facts even more startling than these s,e
d;sclosed as we pursue this investehssiiH,u ~
n ia mot unusual to hear men speak Oh eu0
yaine 10 the general wealth ana coihg ,o,
five mower OF State OF oheaP ns .,nh
Tbc-a NAV have been some truth IN suou
an estimate before the invention OF nl sf
cbinery and when the implements well n,,l NJ
the rudest sort. but to-day ne orea.
strength forms very sinan pa ,,,,nnnoninp
and controlling the forces OK nature Nc ~
comnlish results out of all prop0rtioh W
tba number of men employed. In SOME
Saids one does the work OF ten; In otneIs;
n,,a1, ~ hundred measured by the standard
of two centuries ago. An h I1 ~ 49,
might be found ina comparison OIL tng Iira
enIies of China, with It's ancient cI 1..n,sSo
.a;irosd system. These receipts are large
iv derived from the traffic that goes 20 sun
NV the wants or move the produces, oi
stiIled labor. for the centres OF unskllleu
labor are nearly self-supporting, yet the re-
ceints for the cash fiscal year OF the fenh-
svlyania system were greater than tne Gu
fire revenue OF the Chinese Empire VIII t lts
200 .OOO. 900 of people. If we would enlarse
the former comparison Dy incluulu5 WIG
workmen of the State of New YORK we
would And that there's to-day in the hands
of 2. zoe, 600 of savings bank deposltors the
aggregate sum Of 1920, 000, 900. while all the
capital stock of the 3,540 national PAM KS
aud of the 4,515 State and private banks
and loan and trust companies only aggre-
gate S979, 600 900 in the United States, -,
There can be no need for further Illus
tration. We must recognize the tact tnat
the distress and lack of circulation IN tne
South aud West grows largely out OF the
lower scale of wages; out OF the iact that
our young men enter the labor field at a
disadvantage; that our manufacturing
centres are few; that we have accumu-
lated no savings, and that we to-day are
borrowers at excessive rates OF interest OF
the workmen Of New York and New Eng
land. for indirectly as it comes the vast
loanable funds that makes large part OF
this country pay tribute to one section are
the accumulated wages of the day laoorer;
If we would bring the South enduring ana
general prosperity, if we would give her
the power to which she is entitled, l re-
peat we must increase the earning power
and protect the savings Of her workmen.
DANGERS or INACTIVE CAPITAL.
Inactive capital, suggesting idleness,
gambling and prohigacy, is like the water
of an elevated swamp breeding pestllence,
but ditch the plain, open channels, start
the circulation and the loOsened waters
NAV drive thousand wheels and sweep an
endless garden.
Through prospectus and proclamation
the world has been advised of our mineral
deposits, but our greater wealth lies In the
veins of our workmen. IL is time to con-
slider this.
Is there not here plan for agreement
for all parties and conditions OF men.
What can be more patriotic than TO al
vance the common good and TO unite IN
making State powerful In the nation. For
quarter of a century | have protested IN
the very moments of despair my faith IN
Virginia, even while she was falling TO the
thirtieth place. At last good prophecy Is
with the majority and faith is moving our
mountains. The State of my free cnoice,
where l brought my patrimony, where my
children were born. and where lies the
home Of my affections, and all the lines OF
my future begins the ascending scale. In
| this confess to ineXpresslble Joy. have
never been tempted from my work-day lie
| into the barren field of active politics
aud when now l see the young men Of Viz
GINA turn from speech-making to money
making ] accept the hateful material
ism" Of the times. 1t 10 better that fathers
stop from mortgaging their farms TO edu-
cate their white-handed sons; that mothers
no longer send their firstborn 10 seek Q
| distant fortune. The dreams OF the Cd
Dominion were fair, but better is the reali;
| ty of the New Dominion, and we can wei
substitute for the glare OF the torchhghi
professions passing on into the night the
glow Of furnaces that Will never slum beI
| snd the 10Y of a success that will light
every hearthstone. II. @. PARSONS.
Natural bridge, Va, February 25, 1891.