The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-01-09

financial and Commercial.


he shipments Of gold BY the Persia. says Ns'
Yerk iettsr. included principally remittance. &c
paying distdenas 10 foreign boders OF securities
1;s Il good rrsa,t o. itinspltes confidence sbrcst
Ths last news ffctn Europe has had favorable e
feet The sale Of the fret cargo of new black tea
from Foochow.foo. attracted a large company III
iercssoa prevails that there IA 10 b. an advance
this article. t,rt
Sales In New York. Thursday. Of 10000 virgin'
- at 81, aud $ll 600 do. At siS.
The New York Journal Of Commerce. Of rhnrSo"'
afternoon, SAYS: ...o..
"Taere ia but little activity in financial matter,
but the buoySncy Of felias noticed .or sc
Continues and capital cfss od at lowe1 isss 10
ceptAbie 81 nritffs The in cati1sn -, IN sjtx
favorable to Increased commet c % Nt'"s . a, /,
FOREIGN Exchange remains 70. saas, NJ 1r.g
demand fr Sa,urda, matt BIZ ou nIss" drs s.
~ 10 fr issdins bauk Re. the latter yer,
sxfraa.e rsts; s'art, s5.se9 lsA .s ,,,ovsn,
s,.t. 20 Ss ~ ia good driuand at advancing rates
And Tspk rtoeksa ara row marty All al am No ' p
At the Rirst Bosri ipdlths naJ sisss IL. Mis-
cent; Tennsrse @ies' ~ '"A'A'"
baltimore Cattle Market.
rsa Offer, ~ have been larghr this week than ~
Thsre were go heal offered at the scales 81 wh,eh
namb~r 80 were driven on, 100 lett ever s.o w
balance were SOLD a. prices ransiss .a 90 ne, sad
A7s \ 100 rs on the Jof. equal 10 sI9'oo net AZ"
snsspEar. very scarce. which has caus.d an Cd
vsnS- of cen, psr ID Tor che lower Qualities Saes
wers N sde AZ prices ranging fIom 81 10 - per ioC
It's. gross r,, ". y,,i,,,a Itch, hpt
81, s,tss Or thsm 70 dsy was shade easier. Good
"a prine 10 sold at the scales At from - 81 ,of
bat hrs purposes. No sales were haae 70 Ine
pnrk arr. as they not in market at these figures
MASSAGE or rHs COVERINGS OF HsR7iAsp-Ths
message Of Governor Lyon, to the Legislature al
MARYLAND. exhibitsan improvement tn The finan
eia condition OF that State. The sinking fund has
fperea,ed from $3,s2eTse.35, In 1855, to nearly
a ooc 900 and there fattsriIg prospects that
st will 10 on increasing IL still greater ratio
from year to year The Chesapeake and Ohio ca
nal 10 noticed, and the Governor remarks that
s.epcuu.b bored With debt "a the company now ap
pears to be, without sufficient means or credi,
properly to prosecute the work snd its heavy lose
% and repeated disasters. all commbined seem tc
have dampsned the ardor and destroyed the hopes
OF the warmest friends Of this great but most un
fortunate enterprise" He strongly recommends
that the State cell out all her interest in the
psny, believing that in private hands more eff
sisn; and successful prosecution of the work may
Be- effected. The following sbrld cement of the Go
vernor's remarks upon the financial crisis, We
cops from the Baltimore Patriot.
He calls the recent suspension Of thu Maryland
banks "a direct breach OF faith towards thu poo
ps." which challenges decisive, action Oh the part
Of the Legislature. The extravagances Of the
people reckless speculation. the creation of unreal
values Of stock. and matters Of a kindred nature
the Governor says has caused the recent financial
panic. Auxiliary To all this there cannot be 4
doubt remarks his Exceliency. 'thst our banking
systems have proved ready and fscile instrumen
talities" To what extent the abuse Of tless in
tutions contributed to tie universal imitation, ans
the general artificial condition of all monetary al
fairs, hs 10 unprepared TO say. 1t Is morally car
ta;a, however, continues the Governor, that an evi
Of this character could not have acquired such ri
gsntic proportions, nor have entaiied such terrible
disaster. but through the Sgency Of Institutions
which have exceeded the bonads of propriety II
the cation Of fictitious aud unsound circulatin,
medium. While affecting to have no disposition
TO open crusade against the banking institutions
the Governor says he cannot help feeling impatisn
Of the wrongs they have inflicted upon society "a
with 30 much cool indifference to the rights of tn
people. He nays he Is unable to satisfy his mine
shat the recent act Of suspension Was "a needles
- Il was arbitrary and unjust. revision an
reconstruction of the banking system Ct the Stat
Is recommended The Governor says that il Is at
soItely indispensable to healthy financial cou
dition that the specie basis Of all banks of issu
within ths State should be greatly enlarged, au
that all banks should have independent exis
tsnec, under the most rigid legislation and the con
slant scrutiny Of official authority.