Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-08-26
RICHMOND ENQUlRElhs n:
:; ~,.soopNING. AUGUST 20, 1857.

MONDAY MORNING. Ao1os .@=
-, ,o an error in stating that me land Souds ut
We learn 1 we had Of their Son a. par aud
They sold that amos o N bonds is Yet undisrosed OIL
| w. hd intended TO notice the erroneous Ill, o,
which the Times a!udes (Which we oe'i'e n, of faith
in,o the Enourer;) and to express our h ,cccnv
i,it II 10 known that loan oil s4,ooO' n.ro Works
been negooted for the State by inc ar cont Any
! :, -. ,vo,, nrcmium of one and Ia" p'' Dr.,
u ." . ro;op TO show that the James N'''
ronnany had obtained better terms ""' ="
a"I the bonds of that Company having ~
us a'e p'''o ,hor that which they derive lfoh VIC
credit at oil other 'hah ~
States endorsement. ,a ,non this subject and
We hanpen to be pretty wen pos'eu "p'" 49,. a,;onr
h,d ;nonded 10 notice. before this, sunory fu'e
81. roa.c,ons Of the Times upon Inc noa'u u
Work in regard 10 ihisS'tate loan Inc "'''o iii ho
and transactions Of the boafu III "'' viii seo
.;s h.s,,a rho next Legislature, and the country VI" "
t'1 only nursued the only course open u 'ne''
'D' NY s,rossne circumstances existing al Inc 'inlc
- 49, .,;,,ion nhe most exciting period OF 'he oaS's
,,sv, but ha We obtained better terms LOT ''e oa'e -
viro;no in this loan, than has ever Oeeh oo'a'eO
So, oovcrnment in the Union except the o'a'e u te"
WI =; bsr loan of lS4S and Massachusetts IN some VI ~
o,ns and terms not far short of those obtained oy inc
deral government in eflecths is gsea' io1'' "'No
,usnicious circumstances, IN lS45
The Tinted States Loan Of S4S was made al an average
e oh;,a less than three per cent premium; that IS 70
80 h rv stocks which now sell for u.s. III and l2O dol
~ nor hundred were obtained from the government or ss
than ,o3 dollars Government debentures IN the STOCK muir
ke,s are precisely what dry goods are IN the oooes
namely merchandise Dealers in them buy Tor lower prices
ut wholesale and sell for higher at RETAIL Inc o1ohef se's
hold of tho stocks the prices for which they may DC hau
in large SUMS and by system OF pufing ana po"ins -"
eouaed in any other trade runs them up 70 prices m w"
nav him profits and commissions commensurate win those
The question in regard Virginia not what she mas oS
by the prices obtained for her stocks for there was no o
on the contrary handsome premium; out "he'e III ouo
to obtain still, higher PREMIUM she should require hef OH
n undertake the business of stock brokers' go into the
stock markets. and by using the arts and Tricks OIL Inc ao
her bonds up higher prices and pedde the '
10 Tom Dick and Harry, they are willing 10 QUO
I for the stocks which have since been SOLO, oy
dint Of flaming advertisements and voeys OF newspaper
onh. for saw los dollars Three and half per cent 49,
bcreore the amount of commissions or prohts wncn Tue
York and Washington brokers have divided between he
and the price of the risk they ran for paying hgheF prices
the stocks had commanded before There not ma
nv merchants who would pronounce these profits enormous
or want 10 exchange their profits for those OF tese oo
kcrs especially these last have the risk OF seVea unou
millions vet on their hands Many States of the Union whose
stocks now stand among the highest in Market sold those
stocks at heavy brokers' Their resources
were annie and their OF payment abundant but her
stocks known in market and there were no sloA
dealers holding large amounts OF them INTERESTED IN run
ming up and UNFOLDING their prices. Strange Stocks ho~eV
er undoubed always regarded with jealousy In Inc me-
tropoan markets. because they augment supply and n"Fe
the sale of stocks the hands Of regular dealers From
these before stated many States nave nad
to submit heavy discounts that is 10 say pay heavy pre-
mums oscad of receping premiums Virginia has done
in order TO get their stocks firmly planted and properly appe
cated in the great stock markets of the world They nave
made their BY doing While they lost upon the
stocks which they first sod they have subsequently, IN later
sales of stocks eaped the benefit of the high premiums up
10 which the brokers' 10 whom they paid those discounts
have pulled them
Up, now the stocks of Virginia have been entirely un
known in the great markets OF the world II true that
large amount of them and have long been held in Great
Britau but they have entered into the dealings OF the
British Stock Exchanges. They originally introduced
into that country by the old importing merchants chiefly
Scotch this State and once traded so largely
in Virginia They have been held by the cid customers IN
Great Britain of those old importing merchants as pena
nen investment and passed heooms to their descend
ants ever since Further than amongst this class OF people,
they have been unknown in England Now and then Virginia
stocks could be found quoted stock exchange repo but
they got there these instances through the operations
of law In the legal distribution Of the estates of dccedents
They have never formed standing subject Of dealings among
brokers there or 10 our Northern cities In country
out of Virginia. they have been almost entirely unknown
and their into the principal markets both home and
foreign has been almost entirely foestaed by the cnmbrous
and understandable form which they have been heretofore
issued That form has at length been changed Wealthy
and influential stock brokers have become largely interested
in maintaining their prices Those prices will now be car
ried 10 the highest point which is possible to elevate
them All future issues of them by the State will command
for herself these high ultimate premiums Those companies
feris
ment will likewise share these premiums And the Board
of Public Works will ultimately enjoy the credit Of those
great public benefits which will result from its recent wise
and able negotiation which few are now disposed 10
cavil at.
The Charlottesville e6ersonian publishes the following
official of the operations of the CENTRAL RAILROAD.
Very few imagine the future importance OF this WORK.
Each succeeding month will increase its capacity and mag
ny its results Once complete Saunton, will be able,
even though State aid be withheld to carry itself on to the
Ohio lis great will quiet all cnmty and win the
confidence of all in its speedy completion and it will be
able with its own means and its credit to reach the
fertile West Its effects upon Richmond now cx
hbi,ng themselves. What will they no, be when pierces
the Blue Ridge!
Receipts from lst January TO lss July ISL
For ( Passengers s7,95s %
ssa,O6g 81
Receipts from LIST January to Isl Jnly, dsoO.
For nassenoers Sl9,064,97
For freight l4uoo ~ =, -, -
Increase S3194S 81
1t will be observed that the increase in the receipts for
freight much greater than in those for passengers
Sssp--
There is wide distinction between the people of Rich
mond and tho people the counyin this State There is
as great contrast between Richmond hg Press and the
Country Wing Press. Political sentiment in this city is
identical with that of Northern Cities with cxccp
TONS Political sentiment in rural Virginia is the in
tone and temper with the general sentiment Of the South
and true the South.
Contrast with what the hig and Ifns have been saying
of Mr. Seldom the opinion of the Fredericksburg Nees
which takes Southern view Of Mr. Seddon's political
reer and farewell address:
MR. SEDDON.-This gentleman has declined caud
date for the Richmond Congressional District His
are his declining health, utterly uniting him either for