Staunton Vindicator

We have heard that some, who have been spoken to in reference to a subscription for the completion of the Covington & Ohio Railroad, at once reply that taxation is so high at present that they can not agree to make it higher by voting a subscription to the completion of that railroad. We respectfully submit that they have not reasoned correctly on the subject. In the first place the interest for several years would have to be paid on the amount subscribed, but then the stock to which they subscribe, is a preferred stock with an interest of 8 per cent, guaranteed, which would thereafter pay the interest without resorting to taxation. When the whole road is completed the stock will be better than any railroad stock in the country and will readily command a premium, and doubtless a large one, and nothing surely can be lost in that transaction. The ultimate advantages,however, are greater. By the completion of this road the rapid development of our great mineral region will follow, a source of immense wealth to the State, while, as we increase the facilities of communication and transportation, our lands must appreciate in value rapidly. But say some "We do not desire to sell our lands, and their appreciation in value will not advantage us, but will rather be a detriment, as we must pay more taxes on them than we do now." Of course as you grow more wealthy you must pay more taxes, whether your wealth comes from the increased value of your lands, or from any other source, but we opine that the man who would object to receiving a present of $100,000, or a farm of 1,000 acres, because he would have to pay more taxes than he does at present, would be considered, by the very men who make the objection spoke of above, as a fit subject for an Institution located near this place. What we work for is to advantage our posterity. We desire to leave our heirs as much as possible with which to begin and run the race of life. Whether we leave them a few dollars kept back from the tax gatherer and a farm worth only a nominal price, for which there is no demand, or leave them possessions of value, which will command almost any price in reason, on account of the facilities of access and for the transportation of their productions, is a question for each one, but which we think will be generally answered by a willingness to risk a great deal to increase the value of what we possess. In all probabilities this question will shortly be presented to the people along the line of the Central and Covington and Ohio Railroads.

How they will answer it remains to be seen, but if they fail to cast their votes for the completion of this road we think they will have let slip a golden opportunity to advantage themselves and posterity greatly, and at a small cost, and will thus retard the progress of the "Old Dominion" at an immeasurable extent.

There is but one way for the negro race to continue on this continent, and that is for them to make friends of the whites in these Southern States. it is a law of population, which has always, and must forever attend the spread of people over the earth's surface, that the most intellectual race will drive off the inferior--the more civilized will take the place of the less cultivated. These States will ultimately be peopled by white laborers in place of the black race. The only question, is, how long and how best can this result be deferred? the white people in the South, amongst whom the negroes have been raised, do now (and are disposed for a long time to come,) to prefer the negro, now free, and to continue free, for their field labors and domestics. To induce the whites to cherish this desire, the blacks have only to be contented in that sphere. The less eager the black race is to be elevated to an equality with the whites, to which they never can attain, the longer will the whites be determined to do all they can to prevent an influx of foreigners, which will when it must come, crowd off the negroes to the gradual extinguishment of the race on this continent. The sooner the negroes sees the yankees are deceiving him the longer he will linger in Old Virginia and North Carolina and the border States in the South.--Petersburg Express.