Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1862-07-08
FROM the asT York "Journsl Of Commerce
VIC obtsin The following exposition CT foF'scF'l
F;rsncicTi1C:
GOVERNMENT riEAECEs.

GcTEaHIEST FINANCES.
The announcement in Congress Gi tEa plan
to jssse ors l.uuit,d end fifty million OF DOL
lars in Government. repsr E6cuey, in addition
to the orc hundred aud lity million n6w OUT
has taken M shy persona here By surprise, al
though ntima.ion rad previously oean g'7el!
in this and other journals Of l:ss grossv!itiY oi
sIch scheme
Tic ueiiiaI 81 which tl!8 Ses;:a: OF ca'-
r5t;cy .ss been sse Ii ut la Ic!s extent is hot
a little singular At frat, Su:hnrltY wss ashso
to ISSUE Il tr miiluEs Of doD aud Iosss, isdeeIna
bic in sp,as, aud rccc.7 ats'cc al rlnlic dues.
This ue: With ulu:ii opposition, ~ aar!ou.
inroeaticn Up)n th= pi!rcio:eS u PeiI>a
economy SUPPOSED to 90 h.a.!y es:ao'lsaa1 Ii
tbs Country, Raj iEHET "ritsrs zao bankers
po,rtri out tho evils LIKELY 10 lrS1:t lfo@ saGr
all :s:ue The arguments rc'.'i'st tho IeT sFS
ten ps.a nry1r I..riy ;oet. bGe 'Ee d';. 'ss'"0
gas Closed chiefly y cssoor- ..oe "-i:c's
ware denounced 80 ent T. 'es ci 10" 'f57eFa'ns
scch.na .y,,..siol TO sn1t.rrass rs Eaaaciat op
crs.iou. and thu bankers HhHss eptnsn'
f1sacisi abiii;ias md ilish-tc'led patriotism
sasuiG her2 p;o!sc:ed ;nr,o ii4r1 sncn tlde
ccr; rs s.ults. sci. .c.ussG Il hU.n seif1Sh3sss
end 6islgyai.y, tie ,es bsiue runs sl;sT-
rs,siy uno:, cl,ber .aams. until hey we7H ::
lsnced, vhe7e they locid not be losn stsd:
WHIT, the city I.il!i3n nil 7ras ieto's Caf-
gre;s. attached 70 3;hei PROVISIONS "htcn oe'
Isyed its passage, Gil ac> w!.a g siheie ssciiuT
was sdope suin9r z,us inc Issue Il Ten N |
lions Of thsse Doi,,. ~ t1.t wien LIE i9'i!iel
Srs enacted. tho smouut - he 'ssurd uade: 'hs
sn @ reached Sky million GoiiaEs. B:tora iiess
weEs ail GU. j: va r:peuScr -:Gh:.Y, lac
Treasury suspended sr"cit ;;"y faan's, srd ~:
pron.iss &c Tag!c.m i; yaic hecima al: eS5 =
Tho i.hi;s I.gv Tlc.;T..)!D .cr dulles, however
sad were moi ~ i!iat t,l:c 81 sny rsTj thatar'a
discount =. scUp,tei @;.i; curoht hi's
notes, while mss. Gf tbs h..nns took if'H' Oh
DEPOSIT
o. th5 Is Ii ci F,b.",ry &: no 2urfoN'
wear, al Act T.a P:ss.d an'hor'z'nS = n"S
.sauo vf "a. h"nured .ao ill., tG.!!lonS nf pHs'
lnan.y III Il ic:!:T. and Tp@aios, l'd. laf
orey.r., ...,,e5.J aGi ;.i-s. ;: ;'.";" lesa
urdcr i<.r L2,n ono:c a7d rrTsts 's''"'s. T.
.;ap.in, Inc PSI Fn:Dt o. dI:its I'D 'h'rt &c 49,
tic c ,verrrrent securities :iJ-c o. #hica !:
e=as e. first DECLARED snn2!d .. PAD III w
After Sa.d: i was f0u:1 .n: ne E:@t ii iy
Mullins ,sere SO stamped ca ::i:I: loco "a
| ;r.y Liu3t be :aksn or du'ics, ~''rrsu9"" it'
ACT vas &c ,ll-d and a,ucndc'', lsaTii::ss them
| THIS privilege, making :aem a!.c leg" ;rnd:'
tor private obligations, buS pcn'it:r.s iit i!lsi'
return to the Tsca.U.y. S!lh;ns VS. Ss'c II
tn,S c.. ;.h2ut r:le 49,: E,:i:.';s h -; au;ar'Z'
BIZ. It ss1 t.,,ilrcd liaG the !us ,3'ur snouil
90 gu. o'r.; aa the Cd fly r,il!!v:!a came II
srd tim rluuun. Il lie tw0 t:g;th'r should a
no t.mc cxc:sd oao hrhG.,,i iod fly ru'lli':
do!lars. rs .tc,c1 millions i.af2 not i.jciG2e.
IN ,i.ha- ..f IL 40 Issues, 49, veto icit =
excess al IN minimum suM iaus na!n*G.
Tsc du.i,s Gn imports avg. ab1u> ~:
r,l'o;is l,rr u ai. a;d - :ec5" iGu4t IS pa:
ia o..Lur g.,',? ur Ia cd .icw.ni nu.es, ih"f.
yasn pralair:m eli See !-it,r 81 .bou: th'ra
| t1urlis 81 n;Ie PER re':t. ,:t t:s "sa sio"i'
appreca:;Hz, 81 cccsSs:ris sr, 'rn's we e-'u'
| cred IT, ..ie,r ID: close Of La. week, OF.
gest:oa HGl Iaads 10 Scc:c.svy Gta-s ,r;: l''
authority ~ issro TIE sa7eI sUl tnree-ta"th
! thre. rHs-s h.nas, IS "h:S'i 90 aai ."I
; ;weriy-:,;ae Millions !=gi.':-:uE Gil aaad
rcui expire CT tne l7:h pr6x;lnr, and in:s o.
Gau!d exchange thsm tx the OH demand nate'
With pr g bu.h to himself :hd .hc c0!- c!nc:- 8
The suggestion ais > go.d tno. lie lo2oc'
! tao s;,n1.cy, I'd cCn!6 un.oJt J. cGuaiii, 10
p:g:::;;ai l:e wcr;i RECEIVE, REDUCING. tas :ii:-
= i's-l 20 .-,.'''I. .'' 49," 80.
he Souin need god in toe iIturJ 10; iur-.ca
Oh The rual;c dept, and he could sccG7s II ms
sonntr b. retir!ng tbs n:Ccr". OF ice o.,
notes. Il =nUiG no: c,u,;s:-d II; cc:unt =
lis free circulation, eecl.,= :: ,!: :, L.l4 sIc
THUG withdrawn. hs could ;ssg4 go lygsI t-n
der NOES II take t''e!r rhc,.
II hs lid .a.hor;z 4 Il. 8 Sc. Tl5 S To
only ar i"vn,;eb. aa;i d,:rts'rst,d aiic.ser
cut the financial sgor: e 10: Department. Il
this city by special icy; a.'ac.Y.on:. to ncso
:iatc this exchange. L. g." gusd li.Ys hsca J,.:i
10 ltr Es ts:tciinn vi The ;,ui.'c Or if H. DsC
G tEInreJ In. u TOO ar%uG, - III. r.o:ss ty u
7criise:ncn; lJv exchange wiz: ,aoc1 ptd.5.
Tie III ne%t pr"p,;u.2, b. Mi n"orci: !i:.Tt
1h,aiaac; ( or PER cess. IS. !; was. &C a.yo
ti,tsii about .wu aad Quarter n:iiions p-i
Va;eT, o. 4 p-"lnjnm CO tncrr 2cr cent, und
closed tn. r.us,c!icr EithcI; .i::s iI::rsr
iuch ensure EaS bee: csst p9pi br!E III
Chase AMI Ii. geE:!s,nsn wi;L "M,.a u ;7'a!td
and aevcTo articles IL. Gee. published even Ii
a!a 2i7 n party crga7s; 5u: ~ -. ~ S'3casi"G
for such yic!eiu.s. Ti.:2 nay iI...s 5ean ll,tii
yreeiiHcf y: ite r::: :! Tia operators he:e
but vi. 't;aass simply I1sda miaa:.- il his
rstiicti Of Management, nsT!;'.. h."ti E;'.;aa
! ~ interested ed..SeTa. Gn.i III j. i.iirry rG
| 70 CO.'S VIVA. h though: : GHcc ,ssi;i. 1T, for
! gotten to .si.o caHTHai Sh:ca "1u d 1r.:s pre-
TGnto; E,::i iJuI. ja.l:ng iCt1 sucb - srr":.
sCi 10" -: c.!Ts 20 lie plan: J.! 80 il
tire. TIE y. 3 Treasury bas 7ece:,s>: Upon
| d.3ay:i Up "srGs ii f"g .;.";io7 ic:,Ts. tor
Thch c:T.,ita.te a,,fe o2sn sr:a9. ;,J Af,:c on
demsn1 aheT ten DAYS ncs'c:. ',iiYSe 2slt.a
/ CITES iaEsr -: ;;s coaIonnd.1 sisr tha cerii
6c,t:s Of indebtedness" ao.u: fly !ndl'Naa Of
which nave hecn p2id cut % rua'!c cc"Ji:9Ts,
and wnicn s:e rc;errUaO;;, one var fr'un Gate
! with SIX per cant. iute:aa!. ihc CIR. ti:a;cs o!
G-aHst i7c,uin aon;.t :h-5? .olpns to he
Banks ct 8 yar cont, ed ~ .e;es.;ld9r 10 pr.
vlto ESP :"iia' a;'i.u: per ceas.
IT,. fl,- ;bst these 3cIosis ri.i1s s'li,;::i7
ta c,!!.i - wien i; 73cul;i 70 IT.: III IL 10
pay itr.o. lrd id it, Et:;e.nn Tor ora2ac.rl
nlur;y or orc i.,rifsi nil collars OF r.3,.s
tc ta baid g.: : "stfGr, su4 ten 10 increase
tn. deposits % "a: amount, iscping ,he notes
ret t.7 p.,maa:. Tns.e was als3 . pr Joe:
FIR is.u;n; t-en!y 6se Or fly millions d sluaiI
Eotes-nrS, ~ 5. and :hrges-ior convenience
TO NIX with The otasv currency When tie
proposition gaa s.ade IN Congress % issle az.
additional oao t.n6ryd ard B:ly niions j;
was 81 BTf; =iippcegh li."i iha aG:9uat inGtliiGd
the cec,i,:.5i:s nGt:c=G sb@ys. E,;t i would
sprea- irsr1 Il: plan neg be:o.e L., .;t-t 100
! 54crrlatJ asks inr ausho';t7 to Glas- cl.er
iSSu: 81 this sId tun. "u:"uE', precisely sin.
,iAi 20 the one hundred uod afy millions nnw
au.to,i.s3 us may sxpec: Jou:rass 10 do
thai :, h.. ic res; a.as =; r"couImsTd. W., I"
pro7e lis: part Of tna issue stall ns in ','na'i
n.::es; but liz e. d: n,!y d.sicls 70 oiier e2n4!
tons.
Ti.oss snp :a1creI ih7 fist i:Scc, srd were
little hash 20 rar be I'D i.giss T'ho Go 40: be.
ia;:e il aerIrr"cY II .rTe:'cemshlc gcTarnueu.
pspsc r@r;5, sd. s:"sssfaa 81 this new p.1n.
osl,ot. Tie New Y.r!s Ce:n-:s-cial Advert.
ser opposes tie plan w:,h some sery sensible
suggestions, out 80 cannot conc=ls tbs acn,i
ncss Of the !rc:c when def: ~" iJr:,cr
is ,ue, AID "ejcc:s &c th.E p.op:ss'i. 70" il
t.. SAYS: ~ &c p:ec;s.i" 20 shis poirt We tegi il
t? ay7reoend c-agor. Tac yu,i!c ba"o 5"aa
20 intczc:tvG S.t5 rs sI.cts D: .nvGis.a; .