The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-12-10

afer sh.rt and unsatisfactory experience; bet the
ssass s ,. e TN osse, s
niare u, m. but % prot.es lie community Lee =.
limits, md tss.rss ms as,s re- & the paas III ,s
benefits they capable u cdnfatrfs, ~i,h ~ .ns
accompanying hazards of wild speena,,ons Az 40 ~
lowed 10 the soas which now ~ dsIaui',
TO re-sfablish themselves tefore TINS aet
The one atoms Of the syst, u.
In orlasr, tin has been fpnnu " eApeIienee =. y.
nantiy and s,s aaris. the ssspeson
81 tsE uitl fhs present tpc. IN order TO sipa,eatr
the justice aud som of he policy asaias, ~ s;.ase
rad tass tha banr iai effe Is u the sy.fem ia res
training III hanks fson extending thei credits have
!, =, hae,, oyerstimated he submit 10 public co.,
sdera ion whether the adopt On of the sae pruci
ME by the respective State governments would MT
i@nk saspen. SENS, so happily inaugurated aud sc-
ce-sfaliy praerised by fhs general government
The various sa,e gayernnents now c ,lieet annu,
ally abput SB.UDiDo This amount IL coll, cted
mai aiy IN bank notes. mud, whom not Immediately
q ,oursed is either kept IA the form OF bank totes in
iectly with the banks Let tin several State, culet
their revenues In specie. aud thence IL withdrawn
fr,n the banks Rsiinulant to ovefbankiag 10 the
u~s OF their n =
Under the operation Of an Independent treasury
system, saosted BY each OF the STATES, theie would
bs 10 difficulty ia ret aiming ia the country a snf.
iicient amount Of specie. only for the pur OF
the g0vernmt ut, but also 10 SECURE u sound paper
lasts, this reeuit cannot be 10 ked f5r. sne would
suppose that the large increase Of gold 10 the last
f-w years would have enabled the banks to have
pending spseis payments such sh1uid hays - been
the case but II has nor been and will NOS be until
some r,iicy, suah ~ 10 hers RECOMMENDED Is adpt
10 their vault. TO meet their Issues sines the dis
every Of ID 10 California IN isi9 there has bs.n
coined az he minis Of the W tied tatss the sun 81
Stlo.n naso, and ev.n isrger snonnt has been I'd
ded from that source 20 the gold OF the world. A,
that tine IL was estimated that there was III the
United States 3i20 600 mo OF soece ~ that amour,
the BE-, ks nsia tisaosa; upon which they ifsu.d /.
time amounted 10 $9i us eZ3 IL In estimated tina,
there Ia now in the United states $3.50 900 q o o.
specie. an of this SUN the banks have s6aNVi0ag
upon which they hsyeissue y circulation Of S,ll
IIs.s22, sd their deposits have increased to 81 a5
3S2. 1t Will be seen from this statement ut with
the Increases quantity of specie in the ntry the
banks have nj, increased their specie from Si3DD
OBJ ~ $50 mtiD. whilst they have increased theii
circulation from tIt4,743slj to SIt, -7s,s22
upon the tendency OF the banks to oTerissue "a ell
Tor the purpose OF keeping ample supply of specie
IN constant circulation. The suppression OF all note,
under the denomination # twenty dollars.
The report proceeds to make certain recommends
IL MS for amending the laws relating to coinage tc
the co lection OF revenues. &c.
Prote ssOF j. Ill. Alexander, of Baltimore the com
miss APPOINTED TO confer with the proper func-
tionaries in Great Braa in relation some plan OF
plans 1t 80 mutually arranging, on the decimal basis
tn coinage of the two countries that the resp
tive merits shall hereafter be easily and exactly com
measurable, is now in London, and a report, giving
the result OF his commission, is expected at early
day.
flI- steam revenue cutter, now in progress of con
strnction of New York W IT, IL believed Is be ready
for stryce by the LIST of February, 1855.
In conclusion the oecretSry calls The attention Of
Congress 10 vari us reports submitted in connexisr
with the report on the finances That of the -upe
Iintenden of the Coast Survey will be submitted tt
Congress ut early day.