The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-01-08


In our own State, according to the quarterly re
turns made by the banks TO this de partnient OF then
condition on tho Goth OF September last, thei
80 U5 SE 81 their posts, $3.50 233 80; their dis
COUNTS s25 .52 80 81; and their specie - soi $50
Thus u is seen that we have q circulation OF nea
ten millions, upon a banking capital OF more thar
sixteen millions and half. The question tha
seG dollar
IN circulation. represent specie: Upon their lace
they purport to be convertible into specie at the
will OF the holder; and 1t would be rekarded as M
attack upon the solvency oil the banks which hat
issued them, to say they were not convertible
the circnIaion Of the banks beside. the specie in
active circulation IN the State, which must pe
sssse aoss before us. that the revenue Of
state cannot be collected IN spsce! Ii there snal
o be .ha se in
one half the second, three fourths the third ant
the whole amoant the fourth year: Thus wiil al,
change N the 81 stem OF collecting the revenue Of
In Is49 the banks held IS 900 600 in specie, upon
which thes issned circulation of SlIi 743 4lt =
In 1851 they had 5000 .GO0 IN specie upon which
they issued elIcalatlon of s2i4 us So Thus II
will be seen that In period OF eight years the
banks increased their specie only S7 D W0
while their circulation was increased more than
suit have occurred, il the operations of the vari-
Gus state governments rad been conducted upon
mo- n p1opS
to foretell the end OF system which exhibits such
startling results.
another objection urged is, that the system is
not sale. Why not' Cannot the treasurer of the
state be as safely entrusted with the keeping and
disbursement OF the pubic money as the officers
OF the banks? They all respectable gentle
men; and is there reason to suppose that On officer
OF the State IS less trustworthy than an ohcer OF
the bank: Experience. however, Is the sales!
guide IN all such ises. Has not the experiment
wWked we'll under the Federal Government; and
IL 1t has have reason to suppose that the oiil-
GERS OF State government would DO less honest,
iess prompt, or less faithful IN executing the law
The State of Mi'sissippi has collected her rev.
enue in specie siuce 1886. The States OF Arkan-
sas, Texas and California have collected tnelr
revenue in specie also, from the time of their Or
ganlz alton States. The rsce pts into the treas
ury oil Mississippi from the LIST day of January
1861 to the 10Th of February. 1889. amounted to
u ASP sls IS. The revenue of Texas, for the yea
ending october 3st, 1882 amounted to Sl33 222 81;
s ssq T. s gate 81 shs sc s s
October 1850 Arkansas had in her treasury S2O3 :
96i tS ana received from all sources, from the SOth
of September 1850 the Both OF September 1882 the
SUN of : $50 .767 t3 making total OF T59J.IS H.
! he recelpts OF Cailfor' ia, as estimated for the
OF S44,l50. These are the latest returns that
can conveniently refer TO- but they serve to lildS
ttate my View; partlcnar,y when IL Is IeinemOefea
revenue collect IN each OF these states, win
their increasing wealth. and popuiation must have
been greatly augmented; There is no connection
with Banks either OF Theses etates; their revenue
is collected IN species dep sied In thei ar treasures
custo AZ OF their officers, AMI dlstursed ln
specie by tn Sc officers, 10 the creditors of thl
government La eacn of tn Sd cases the indie pen
deut treasury system has worked as ell as in he
Case OF he Federal oveTnment.
= he policy recommend has been tried by the
National Government. the States OF MlsslssIp pl
Arkansas. Texas AMI Callifofnta, AM 1T has
worked safely TO the public satlsflctoH.-
This policy, IN time of suspension by the banks.
suJh as We now have, wouli furnish a suun1 an
healthy specie currency for all the ordinary wants
VI tusi mess intet course, ana wOud nave power
iul ihtu, nae IN restraining bank issues within ie
The statistical facts that have presented in
support OF my views, are drawn from the mo I re
liable and authentic sources. They are drawn
from congress"na anu other records. and nave
my eutir- conf fence IN their accuracy. com
mend the utJect To Your CONSIDERATION. assured
t1aL It's importance wal be tniy appreciated, and
that Whatever .uur aciIon may be, It will lie the
result Uf your convictions OF what Is due to tAe
pubic interest.
Events crowd upon each other with astonIshi ne
rapidly. The scenes OF To day are dissolved By
now entertained may b- totally revolution zsd
Gy unforeseen and unantIcipated occur ncss that
an hour or day may BRING forth. We must meet
them DIS they arse, anu our OPINIONS and ACTIONS
must be control ed by our luds meat OF tue re-
Qulrements of the occasion. w naiever duty to the
state demands must be done and 10 do IL Ell ectu All,
We must throw all pride q, opinion and ." c. n
sis'ency. White We can nave NJ IDEA 81 What tn
future will develop, 1t ID tbs pat of wisdom to PIE
cur State Is perhaps better prepared tn IN any
olhe but to place her on sale foUtins, much
That your aotlun may be guided and controlled
b. " sdom and patriotlsm' thaI your proc eeoings
citation; that the honor, the rights and tn lnsti
buttons OF this Commonwealth MAJ b Vindc ite d,
ana b ana IN he nh
threatenes anarchy and civil strife is my earnest
WISH. JOHN LEICH ER.
TRANsPLANTInG TKEES.--in Paris, during
the last Revolution, the Trees ON the streets
were cut down for barbados. The GROWING
glory of the bouievards is the trees. IL bein
desirable to have those of advanced growth
when transp lante the following successful
method, SO different from ours in America, is
now pursued:
The deciduous tree to be removed may be ten
to fifteen or more years old. Ii is dug out al
any season, with as large ball as prac tica BILE,
usually six feet in surface diameter, and abou I
three feet deep-the tap roots being cut away.
1t is hoisted bodily by litter, which forms
part of the wagon. The earth ball is bound
around firmly. and the tree is placed firmly in
the hole prepared for its reception in the side
walk. So far the process is what is usual else
where. When the tree is thus set, several EARTH
en- pipes are arranged and covered under
ground, through which water Is conveyed TO
the roots once or twice week. Around the
body of the tree from the ground to the first
branches, say ten or twelve feet, straw is
placed perpendicularly and about an inch or
SO in thickness. Around the whole is wound
coarse wrapping cloth or bagging, ending AT
The upper part with a tin funnel. Not a
branch is cut from the tree-top; there is no
heading it at all. Till the tree is established,
WaterSS thrown lntO anu over Top, say
once or twice a week or oftener; and in to the
funnel, which keeps the bark OF the trunk in
yigor Though tree is lost now and then,
two-thirds certainly live by this method, and
in the second year appear as il nothing had
happened.
A ROMANTIC TRAGEDY.-The Marquis OF
DPS yacht, now at Naples, has been the scene
of one Of those tragedies Of real life, which we
are apt to think, in these dead level days, lie
far away from the region of real life, in the
domain exclusively appropriated by the dra-
matist and the tale writer. The Marquis had
been for some time cruising with some men,
bers of his family, including youthful daugh-
ter Lady Alice The yacht was COM
manded by a half-pay Lieutenant of the Royal
Navy. The Marquis coming on board, unex-
pectedly, from an excursion on shore. Iound
his captain at the feet of his daughter, kissing
her hand. The indignant father-a man OF
herculean slrength-seiZed the offender, and,
intending only to tear him away from his un-
seemly place and action, flung him over the
bulwark of the yacht into the ses, when he
went down at once, in spite-add some OF the
versions of the story-both OF the Marquis
and his sailors efforts to save him.
SINGULAR RAILWAY ACCIDENT IN FRANCE
A very extraordinary and fatal accident &C.
Cured on the 9th on the Northern Railway
The driver OF a luggage train being behind
tIme and fearing to be OvertAken by the ex-
press, which leaves Falenciennes at 10 +. Nj
threw down several petards OF the line, In the
hope of making the fast train pull up. NJ
Delpouille, an army contractor, VINO was ira
Yelling in the express train with his young
wife, being alarmed by the explosion OF one
OF the pc ards, opened the carriage door, and
either tell or threw himself out. train pas Sc
ing at the moment Oh the other line OF rails
crushed him 10 death. HIS wife slept on un-
consciously for a quarter OF an hour after the
accident; and, when she missed her hus band
uttered piercing cries, which were heard In
the neighboring carriages. She learned the
ia lal news al the Douai station.
SPIRITUALIsM In ENGLAND.-The Brighton
(Eug Herald says that Spirituaiism, ins teao
OF losing ground IN England, "is nourishins
and vigorous, not only among the Ignorant AID
insane, but among men of repute, who mi hl
fairly be looked on as superior 10 any trlckery