The Admission of Virginia.
December 10, 1869
The Reconstruction pushes the subject of admission back until tomorrow. Disorganizers successfuly delayed the process. The Dispatch realizes the delay won't be long. Equality amongst other states is stressed and will help the city of Richmond economically.
The Reconstruction Committee on yesterday accounted the subject of the admission of the Virginia representatives until tomorrow. This was owing to the wretched opposition that is raised against it by a knot of disorganizers. Of course they can produce a short delay. The most contemptible animal upon a track may induce the engineer to stop the train, more out of consideration for the safety of the train than for the preservation of the creature that occasions the stoppage. But the event of the admission of Virginia to a condition of equality with all the States cannot long be delayed. The Committee on Reconstruction will promptly report the bill on the subject, and we are sure it will be passed with something bordering upon unanimity. That event will be one of the greatest national interest, as it will do a great deal towards the restoration ot peace and harmony to the Union. But to us it will be infinitely gratifying for very many reasons, and especially for the effect it will have upon the business and finances of this State and city. It will establish confidence, and will gradually bring relief from that pressure which was recently so happily styled "money famine." Men will feel that we have stability and stand upon solid ground once more, and will proceed steadily to carry out those enterprises which were impossible as long as the condition of Virginia was one full of uncertainty and apprehension. A prominent banker of New York, writing to a correspondent here a few days since, asked how we could expect men to venture their capital by investment here as long as Virginia is out of the Union? The question is quite pertinent, and the answer is plain. We know too well that this reason has disastrously repressed enterprise here. Our lands have been admired--our water-power and mineral wealth have been the subjects of wonder--hundreds of capitalists have declared their earnest desire to invest money in them, but dared not as long as Virginia was out of the Union and there was no telling what sort of government she would have. Her admission will remove this difficulty; money will flow in for invesfment, and men of enterprise will come into the State to avail themselves of the superior advantages here offered to almost every kind of industry. We are no enthusiast on this subject. We have no idea there will be a sudden flood of money and of fortune rolled in upon us. That would be a great disaster. It would cause the follies that immediately succeeded the war to be repeated. We will have fresh in our recollection the mad speculations and the fabulous prices that then prevailed. House rents were four times as high as they should have been. Rents broke many business men ; and when the delusion was over, many persons found themselves involved heavily--some never to recover, and others to struggle for years to repair the damage of a year of folly. No, we desire to see what we no doubt shall--a gradual improvement through a steady and substantial enterprise as well by our own citizens, strengthened by restored confidence, as by the valuable acquisition of practical and experienced men from other States and Europe. The growth that comes in that way will be reliable. It will "stay." There will be no uncertainty about it--no vitality in it that will rest upon fictitious stimulation that cannot be maintained, but it will be a healthy and vigorous life, daily increasing in force and prosperity.
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“The Admission of Virginia.,” Reconstructing Virginia, accessed June 20, 2018, http://reconstructingvirginia.richmond.edu/items/show/1546.