The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-12-03


wise Provtdsnce had snperintended. direo,ad.
aad controiisd oar entire Systsm 81 intsrns1
s smps % every kind IN vtretufa and
'1 Tsa ann,s the 10 southern confsdsraSy
tn. ~. ~, ~, sas currency, at all times Of
COW, when the public attent.o, ~ - ~, .t~,S
ensrossed with the war. ia nro.scn,tov .na
=, tha as our attention 10 earnestly In vi ted
auoh OF such measurss as will
relieve i-e,ns ..-. .n the pisehiefs of an In.
lated and irresponsible small note currency.
1ne whole country Is flooded with small
notes, as small in amount as five cents, and
running up to three dollars, issued by cor
porations and individuals. The pecuniary
responsibility of the individuals who have
Issued large amounts OF this kind of paper Is
entirely known to persons residing out OF
their immediate reighrorhoods. Such notes
can have only a local character, circulation,
and credit; aud II, "a is tften the case, they
fall Into the hands of persons who carry them
away TO some other point in the state, the
holder finds himself unable to use them In
his business transactions, and they therefore
fscesae tNtai loss
Some of our corporations, that have been
generous ia appropriations to aid IN pro sid.
ing ~. our volunteers and their f.miiies
have issued considerable siY, 3nnrs 49,. .ch con-
s;ttute, in great measure, the local c;rcuf Ia.
tion. such is the case in regard to the city
OF Richmond, and perhaps o Their places. The
eiiy has issued near three hundred thousand
dollars OF notes of demo nominations of one and
two dollars. and OF fifty Cents Our city and
town corporations, savings banks, anu nu-
Inerons indiyitaals, in different parts of the
ssate. nave issted LARGE arnQunt:. l have no
iniorin alton which Will erae.e ,ue.to state
the amount, but from such intorma :ion'a
nave received, estimate the amount of the
ISSUES OF IN All notes exclusive OF those is
sued by our ba, ksl III upWa rts # a mi on of
dollars.
Ga the 2eth day ofApril, 1851, the Conven.
non passed ian ordinance authorizing the
INKS ol the Com monweallh 10 issuy notes of
The denomination OF one and two dollars TO
an amountnet exceeding five per cent. OF their
respective capitals. 1 am not advised rs TO
the amount that mas been issued under the
ofuih ,nce. The aggregate Capitals of all our
bapksi As appears iron, returns IN ade TO this
Department, is SIC 366, BIO iyr Der cent non
which wouid amount to ss2 $50 - This or
diianee expires by lis own limitation at the
end CT thiri, days srom this DAY.
II we are 10 have notes OF the denomina-
ton OF one anu Two doilafs, exclusive OF
mo authorized to be issue by The banks OF
ths State L recommend mat you shall pre-
scribe The terms and cUndluons upon which,
ahu designate the aathori les oy whom Iney
shAit hc issued. Ills que 10 The lIpoiing
q sssee, VINO aie usually the sufferers from 4
small hote Curriers', 3, mat this shall be done.
L nave TO n. sltatioh III recommending that
individuals suall Of prohiuitel from issuing
th-m, nucer sevete penalties.
Under the aathouty vested N me by an or
oinahce OF the Convention, issued Il procia-
NATION, dated May lltn, 1851, prompting the
expectation OF Orsadstufis, &C , from this
Slate 10 any one OF the STATES under The do
minlun OF Liucoln. Robert \ Mayo Esq
had il contract with the Uniied States Gov.
eminent tor supplying tobacco for the navy
Iur ihfee years, from. July LIST, 1869. de de-
sired u til his conlrac., out tne prociama-
ton pre- Ven ted hun Il ON doing So, and as he
HISS tE;tL he has De, n uuma seu, he u. sirs
10 BRING IN question before lie I-neral As
sembiy. 1ne papers wall be hereafter trans.
mit.eu.
III assemble to enter upon your legislative
duii 1T = periCd OF unusual Nm por Jahce aud
IN leresL 10 the State, ant not less i'm por ia mt
aha iAtert sting 10 the -onfeGeracy. copgrat.
ulate ) GU upon the agreeable fact that the an
uuithies and preiudices engendered by
partisan coatests through WnIcn we have an
nua.ly passed, while hem bers OF the Old Gov
ernment, haye aimostdi q away and have be- n
Succeeded ~ in - err, OF good feellng.' You
meet together as tirginians, to inauguratt
and a0UpL sucn measures OF leg Station
As VIII advance the prosperity Of our people,
ana strengthen ana multiply the ties mat
blnd together The States com posing the Con-
1ederhcy. Ii becomes p tricts 10 cuItlvite q
KIND and ira terual pm IT, To the emf that our
counseis may be harmonious and cnr action
united. L VIII be iounu ready TO operate
III al measures which your wisdom ana pa
tTiousm may guest for the promotion of The
pelItv, for the main tenance of the righ Is and
The pr.serya ion OF the institutions OF our
constituents. and the reTpetuatioa OF civil
ana religious liberty.
Respectfully, JOHN LETCHEH.