The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-12-02


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s4.ai'-l-' rs's t's H'g'irE eam3tssriUo, n .-,ts
wHa'd have 1eeu GOO -o1at ,.'i at go ,3'.--
This moment Thousand IT ouy psopss
I would have boon uuHrm.I Iul u,t ,.ati 49,.
have sent to the field n ire than half the mcn
! we have put in service, "a the most IMPORTANT
( crisis for the South that has ever occurred
/ The resolution failed 10 pass che Senate. and
the State retained the possession OF the arms.
Under the action of the tonven non, the
/ aTmorv has been transferred TO the Confsd-
crate Government to hs belt for use during
| the The terms of tra' sfer are embodied
! in deed and agreeme at attached, which has
been duly ackno wledged and recorded in the
clerks Office of the Hastings Court of This
! city. This paper, and others relating to the
Harper's Ferry machinery, and the guns,
ammunition, &c, captured at the Norfolk
Navy Yard, have been communicated to the
Convention, and will soon be published wi h
the proceedings of that body, and 10 them
refer you tor tuIl information on these inter-
| esting matters.
Ihav. received from the Secretary of the
Navy, Hon. 5. r. Mallory, an interesting or
respondence relating to tho supply of nitre,
the mode of preparing nitre beds, and their
probable production. The subject is of the
first importance to every citizen of the South
ern Confederacy, involved IS we are in a war
| which m9y continue many years to come
Wars cannot be carried on without gunpow-
der. and gunpowder cannot be fabricated
without nitre. supply OF this indispensa-
Die article must be procured speedily; and L
/ a
hope, nay with the onfident ex pee tatiou that
you will offer such inducements will slim
ulate our PEOPLE to engage liz its production,
aud IN the manufacture OF gunpoWder.-
| Whatever action you may determine upon in
regard to his subject, should be taken with
as little delay as practicable.
Powder mills have been or are being cree t.
ed in the counties of Page Pendleton, Green
brier, and perhaps in other sections of the
| State, as have been Informed. What amount
| of powder they will manufacture daily, L
! have not been able to ascertain. Any en-
! couragement that can be given to the manu-
! facturers should be afforded promptly, in or
| der that we may keep up the supply, and
| gather sufficient amount ahead to relieve
! all anxiety on the subject and to give full
| assurance of an abundant supply of this in
! disT sable article
The a ct passed at the last session to incor-
porate the Virginia Canal Company, and to
transfer the rights an franchises of the j ames
! River and Kanawha Company thereto, will
| expire, by its own limitation, on the 10Th day
/ -
| pany be not organized by the appointment of
a President and Directors, as therein requir-
| ed. l approved OF the passage of the Act
| and if our troubles had not occurred, l feel
| persuaded that the com pany would have
| been organized, and the enlargement and eX-
| tension of the improvement commenced
| Under eXis ting circumstances, recommend
! an extension of the time OF organiZa ton. l
think is advisable to extend it to the 29th
| of January, sos, as I believe, if peace shall
be restored, a very short time only will elapse
| before the contemplated arrangements will
! be consummatei.
| The Convention having passed ordi-
nance prescribing the flag OF Virginia, have
| had q number prepared, which have pre-
scented to our infantry regiments at Centre
vile, and others are in course of pre- paration
for the other regiments now in service. The
scene on their presentation atCentreville was
| most in teresting The flags were received
| with demonstrations Of patriotic joy, and
| the regiments retired, with their flags waving
| in the eeze, the display was striking and
imposing. the presentation took place in the
| presence OF Generals Johnston Smith, Beau
! regard, LOngstreet, Stuart, Jackson, Early,
Cooke, and other distinguished officers. 1t is
due to General Johnston to say that the prep
aration and preSen ia ion of the fla gS { Ig-
| gested by him.
The railroad companies of the State have
| been active, energetic and faithful in the
! performance of duty in this crisis. Their
| officers, EN- plOyees and gents have spared no
! proper effort to transport, with the least
! possible delay, troops, supplies and ammuni-
| Iion to desired points and they deserve and
| viii receive the thanks of the people not only
| ofVirginia, but of the Confederacy. They
have justly won the confidence OF the coun-
| try, and in times like these it becomes The
Legislature to deal generously and literally
| with them, giving 10 them such aid as viii
| enable them to promote the public interest,
without pecunIary sacrifice.
| Our railroads have not been cor stracted
| with special reference to military purposes
and Objects but the war has demo strated
that il they had been constructed with this
| view, they could not have been better adapt
! 10 our wants and necessities. The Virginia
! and Tennessee, the Central, The Orange and
| Alexandria, the Manassas Gap the Rich
mond, Fredericksburg and Potomac, the
| Richmond and Petersburg, the South Side,
the RChmond and DanYllle, the Harpers
Ferry and Winchester, the York River, and
| last bat by no means least, the Norfolk and
| Petersburg roads, have all rendered essenta
| and valuable services Indeed, it is disiCult
to conceive how we could have dispensed
| with them, or either of them. Their connec-
tons are as important as the roads them
| selves and it really seems as if Providence
had guldediour engineers in the selection OF the
| routes, WIth i view to providing the best
means for the defence OF the State in the ex.
! listing cont ingency. Take the map, examine
| 1t carefully, and IL WOuld seem rs II the same
wise Providence had superin tended directed,
and controlled our entire system OF internal
| improvements OF every kind III Virginia and
/ throughout the Southern Contederacy.
The subject of the currency, at all times of
/ tina utmost I'M portance, is doubly important
/ now, when the public attention is so entirely
engrosSed with the war, its prosecution, and
/ ITS results Your attention is earnestly inVi ted
I to the consideration OF sucR measures as will
relieve The people from the n is- hiefs of an in
| Hated and irresponsible small note CURRENCY
| TIE whole country is flooded with small
notes, IS small IN amount as Ave cents, and
I running up to three dollars, is sued by cor
/ pOrations and individuals. The pecuniary
I Responsibility of the Individuals VINO have
/ issued large amounts OF this kind of paper is
! emit ut,k 81 inU of
their immediate neighboThoods. Such notes
can have only q local character, circulation
and credit and ", rs is often the case, they
fail Into the hands OF persons who c,1rry them
| away to some other point III the Stale, the
holder finds himself unable to use them in
his business transactions, and they therefore
| become q total loss
Some OF our corpora tions, that have been
generous IN appropriations to aid IN provid-
| ing FOR our volunteers aud their fImilies
khaye issut Considerable mounts which con.
stltute, IN great measure, the local circuIa-
ton. such IS the case IN regard to the city
OF Richnond, and perhaps other places The
city has Issued near three hundred thousand
dollars OF notes Of denominations of one and
two dollars, and OF fifty cents. Oar city and
town corporations, savings banks, and nu-
merous individuals, IN different parts OF the
state, have issued large amounts. have no
information which will enable me 10 state
the amount, bus from such information as [
have received, l estimate the amount Of the
Issues OF sm all notes exclusive OF those is
sued by our bal ksl at upwards IF million OF
dollars.
Ga the 26th day OF April, 1851, the Conven-
tfon passed san ordinance authorizing the
bSnks Of the Commonwealth 10 issue notes OF
the denomination OF one and two dollars to
an amount not exceeding five per cent of their
respective capitals am not advised as To
the amount that has been issued under the
ordinance. The aggregate capitals of all our
banks as appears from returns made TO this
| Department. is SIG 800 $40 five f,er cent upou