Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-12-17


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,h H. :. -. ~ Os peeh P'aoeu III oahAs 10
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,, Il, Al 49,, " 'u'' '"'"h'"geous'y nc P",
,.s. - :. ''' 'p' ''e oh'y TWO Pui
h',, '" ''e Jaws on III su'Iet''
.iI la;t' = W ''e "'"es oi 'hese spe-
49, ''s "',' NV sums IN each he a.
~ 'ne N'" eia us branches under
~ ,,,o a,'s.aeo ," y, ,'"I 1.' suoJolne'.
so,,. ,,,a. ~. -, E''''' "'P'.seot'es'
liz, -, -, sue o'peS mas hten
l T,aa.e W., - " " '"' sPfe'" efeu'' ~
49,, ,t'' 49, y, We "'''' wi P"'"c P', thens;
ivy ' "'t''' w NV 'ue"1S''h'es, cohsldeied
proper REPOSITORIES 'of '''t temporary purpose
s'oe""'e u .'eSc "aneS' WIN inc sums tenia'"'
"s ~ WV" s"'J'e' W "''' 'io 's' fet"fis Is an
"oHeo.
~ us ss"'' " sP''r'' "oi,'N"es' OF vi urro'
" .'e Sle'" ''p" u VIC treasurer, has, nom
necess',' "o' t'"''Y '"'iespohded WIN the usual
'o'.'s u sPee,a "epos'eS'
, V' ''"',''' wa snow H" any ucpo-
s.u 10 oo pau n'' ~ Tue pnnes IN tho ali
so"'' :" '"' "cPos"oi i,o"sh NJ 'ties convenient
'o' o''''e's n''oe near o""hs' would cause much
wv "'"'' !" ''pse i's'"ihe ifhote nom III NJ
anu "''" WV '''"'"E o'heT"ch' ulSoaisr'itnis from
!, ny 'ne '".e' "ouo pe "'''''s imp'aeienble. The
lteasnlef' III common practice, should retain his
,"nus o''y III s"eh eoho''"n ~ WIZ allow them :"
DC Paia ou' promptly ON tue numerous drdfts which
be "'"de IN ,Vof oil claimants IN every see,ion
OF the country fof ih's purpose, wlrna derosc
o' '"en' ~ maui " nus' DC general 81 II siecm II
NUS &c ""n an ""o''s''hd" 81 contract rot only
'h' ey are 10 De ready Tor ms cali al all times, and
under all circumstances bui 'they are 10 bo
pau ool on MS various uihta, without ms actual
presence
From these details II u appmeit thai the present
system OF keeping The phbltc money Is very ,onllt
Gated, and II may be deemed ionlenaIc that the De
PHi'ment has been able dh1log the past YEAR. 10
condoetIaiRe financial oprtatlpns under II without
great rnbHG inconvenience, Few persons tan
oo"ot 'h' sumo en'1ge III Tue a"s on ilils subject
" proper po' Whatever phin congress may adort
,"o e'ea' caro- cannon pe exercised IN providing the
best possible securities All thosc additional guard.
against ue'anl's' when nave bern urgently recon
htnued IN 'he last Two reports on the iinnnces, or
Incorporated INTO the bi TO establish m independents
i'c'sniy' 'ic eons'ueteu important. Recent expe-
renee prospect 10 the benehls OF only ordinary
eoa'eim seeuihy' rVihees lhe utllily oil such mea-
su,rs'
mus, the losses expected to be sustained from
dePesiie bahks s'nce le5l acv very small IN rompar,
son WIN uose sns'ain'd Between that pttied and
lel'. ms, III considerable degree, IS 10 La at
ifioulea 10 Tue lhdonal qllremchs OF such seeu
MY,
ne improvement was voluntarily Introduced ny
'ne department III 1903 ahd WIS afterwards stnc.
'oruu ny 'o"s''sS !" tle u't"stc a't OF 1850
- nc measure insured greater care IN TIE manage
meh' o' me banhs ana an increased "htehiuness Ivy
'he snietes ~ 'lhrs oi d'iheoiy to take efhernt
s"ps W '""'"n"y ,'e treasury
WIN we" 10 Illustrate lni'hcr the effects di
''1"'nB 'o'ae'a' soeu'''y' ~ cases nom OF oahRs
""" 'o''''''"s o'"'e's' ~ "'' rs 10 communicate
'p''"e, 80" " '''"'H'o" WV" ole ra'eay w
"r'P,"s ,'o P"'o '"o"c! "on' 'he 'ounuhho"
VI '"e p''''n,en' s'Nel"' '"onihf sn'enleh'''
P"'e''' ""' i'i'''"''"'' arc "c'e"i'' Pi'sen-
leu.
~. " ',s " ''io o'""s sun inuepieu "."e
NV '''''s ~, uo'a",S previous 10 me ciose o'
e. "o'e " "',e' are o'''o'eu 10 ''se
"'''y' an! eoh''o',' se'"i"s' Is ahoeNe"' no
"ho'e amount now que, without computing interest
equa's ~, oooo'o anu great part oil TINS "osl be
regarded ~ 'o'a loss
'oco"",y' h"o'"'' ,'a' W ,n'eo'c" o'neS Is 'upcH
WING" gave ~ s'e"''y' e'e"'in'hS
"S '''"' '",n W W, i'e"'"'e.' o' os'u',s "'el"
'"s 'o"' '"" N1'"oei' '9',' 'onsn a. l,i.'
'''y aug n''. p1o" ',"u''" " 'ooa' "@'foo,oVV
' nus ~ W. a., VI "'' ''' 'r'''' s}"o o'"e'''
;s ~ p.n',.,' o''e y 'U' "ou'y "" t'
pos,'' " ID eo"'''e"'y e"P'o'eu" ' !" '''c ena pe
f ,"i ,.-.,, -
; ,,, ,i. -, - ' rs -,
l ~ ~, - n,., ,os- -, So " ,ff
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I r " III ~ ~ ''ey 80,
NI. , ~ -, - ,t, -, ',,;7 "
|IJ'' w. =. .o''' - ''e'' ''o',','e
aia.,o, ~ ',o'' 81.
, H., $3.50. IL 80. 49,, ~ ~
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