Rebuilding the city.
There is a great mistake prevailing with many people that all the money employed in rebuilding this city comes from the North
, and very doleful prophecies are indulged upon this hypothesis concerning the future.
We are sold!
We are both bought and sold!
and must wind up with general bankruptcy and poverty!
Now, there is no use in this — no season for all this anticipation of evil.
There a better and a truer view of the subject.
The money employed in the active enterprise rebuilding this city is not all from the forth.
Nearly all the very best buildings in progress of construction in this city are built on with the money of our own enterprising citizens.
For, thank God!
notwithstanding desolation which swept over the South
, especially over this devoted city, some of Wisest and most far-seeing of our people a part of their means, and this they are using in the most enterprising and public-spirited manner.
So that we are not entirely dependent on Northern capital — very from it. But what should we fear from Northern capitalists?
We know that, commercially speaking, under the influence of transportation, by water and rail telegraphs, there is an inevitable concentration of commerce in the great cities and points of the Continent, and that all localities must be subsidiary and tributary to them, So that, do what we will, we cannot escape that subordinate relation.
Now, since that is the case, what objection can we have to the drawing of capital from the commercial centre to build up and adorn our recently desolated and forlorn city?
Money put in the bricks, in the stores and dwellings and public edifices of Richmond
, cannot be easily taken away.
At most, the proprietorship of the buildings can only be changed.
The money remains in the buildings, and they are permanent — permanent places of business, permanent tenements to live comfortably in, permanent ornaments of the city.
Not only, therefore, are we fortunate in having this borrowed capital to revive the city; but our good fortune will be increased precisely to the extent of the amount that may be so contributed from abroad to this important object.
There need be no fears on the subject.
The more capital that is drawn thither, the greater the interest that will be felt by capitalists abroad in the general prosperity of this city.
They would be unwilling to see their investments wholly unproductive, and their influence and means would, if necessary, be surely given for the promotion of that general commercial thrift which would contribute to their individual benefit.
So let us look ahead and be hopeful, assured that every dollar brought here and placed in the houses of Richmond
, is a permanent investment, and a guarantee of the confidence felt in the future of the place, as well as an earnest of the disposition to aid in the promotion of its growth and welfare.