Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1862-10-21
GOLD 70 Be RULED OFT.

~ WI INV
4 step in tho right direction was taken by
The Stock Exchanges Board to-day, to arrest
the present wild and demoraliziug speculation
against the Public Credit, by moving to strike |
Gold Coin from the official list of DEALINGS
The subject, after SOME discussion, was re.
rsrred to a Select Committee, to report at a
subsequent meeting, which Committee con-
sistS Of Messrs. Henry 7. Morgan, Howard
Wainwright, WIN. A. Smith, W. Seymour
and Peter Marie; the minority as well as Ina-
jority, On the motion, being Iairly represented.
Outside the Immediate circle Of this specula-
ton there is i.nt nne sentiment on the duty ut
the Stock Exchange, which, from the begin
ming of the war, has invariably manifested
the most liberal and patriotic support Of the
Government and the Public CrcdlI, winch Is,
that the Board should wash their hands Of
this speculation. When gold was placed u[-
IN the official list no such consequences were
unprecedented az soon after followed, from both
bearing and BHHing American Gold Conn.,
The cariy damaging effect was SUPPOSED to br
owing TO time Sales OF gold at the Exchange.
1t was, therefore, deeintd proper TO put a
stop to these sales by resolution vi the
linhrd but 1t Is now very clearly ascertaIncd
that the laudable purpose Of this restriction
ia more than counlrractcd by certain Banks
in the Street and up town, i'll lending gold MP
OH harrow marquis, nOtnrinusly Tor aprcula-
ton. ut low rates OF interest, and in speculat-
ing themselves in both gold and United
States Custom House Notes. Their interest
in the latter alone has induced the policy OF
stimulating gold, l'uthhy lending money upon
it and Il daising the borrowers to operate for
a large advance.
Under such q state Of things, and desiring
very properly To md the Stock Exchange Of
the responsibility vi this evil, many OF the
oldest and suun,irst members Of tic Board
have determined to use their utmost Efforts
to carry the motion Id strike dealings in gold
| altogether oil the list. 1t ~ not pretended
that this would arrest outside speculation,
but il certainly would acqnlt the members Of
the Stock Exchange of their duty to the
Public Credit, in It's present crisis ; a crisis
| rendered lar Inure lnniTIent than 1t would
otherwise he by these movements. That
! there is, in one SENSE, a strong selt-lnteresL
with many of the brokers against dispensing
with the sales and purchases of gold, which
| bring them in a certain amount of commits
siuns outside their ordinary or legitimate
business ut the Bard, is admitted, and this
will, no doubt, lend tn defeat anything like Il
unanimous vote OH The question, when il
finally comes up. But the matter, VIC have
reason tn hope, will he determined on broader
principles, and with the just regard to the
Public Credit, which, all through the pres
elt troubles Of the Government, has in
variably characterized the Stock Exchange.
The halfdozcn banks or more, who have
gone ont Of their way to speculate or en-
courage speculation III gold, will probably
give up the ungraciols work in a few days.
The sentiment is so general i'll that direction
among their neighbOrs, that nothing but the
opportunity of getting out fairly, but not too
prccipitately, seems waiting 10 pnt an end TO
the mischief.
n LT7ERCEPTtH !AHtES or GEN. BtAURE-
GJHD.
The Herald publishes the subjoined letters:
which it says were captured some time ago
by Gen. Buell. while in process Of transmits
sion for file to Brirallcr General Thomas
Jorlon:
GENERAL BGAUkEG.ED tn ADJrTAST GENERAL
COOPER.
Confidential.
MOBILE, Ala, Sept. ), 1862.
Observation-Disclosures The suppdsition that on
the restoration of my health | would he re-
turned to the command of Department No >.
[ had prepared, whilst at Bladin, Ala, a plan
| of operations in Tennessee and kentucky.
based on my knowledge Of that part Of
the theatre of war; but hearing that my just
expectations are to be disappointed, | have the
honor to communicate it to the War Depart
mcnt, in the hope that it may be Of service to
orr arms and TO our cause. Ii was submitted
by me to General Bragg on the I'd inst.
BY looking at tile map it will be srcn that
the forces operating in that section Of conn
try will he separated AT first by one river tho
Tennessee, and afterwards by two ithe Ten
nesIe and Cumberland) hence they will be
unnblc to support each other, being unprovid-
Ell with pontnon trains; but their operations
must bu moro or less dependent on or con-
nectcd with each other. | will first refer to
those ia East Tennessee and then to those west
oft.
10 the first case, orr objective points must
be, first Louisville and then CINCINNATI How
beaL to reach them from Chatlahnnga, With
Bncll, at Huntsville an,i Stevenson. Is tie
question. 1t is evident he has the advan
tage Of TWO bases Of operations. the Cnu,hcr
land and Tennessee rivers, AMI that, il W. adj
vance towards our objective points without
getting rid Of him, VIC v onld expose our lines
Of communication with CHATTANOOGA. We
must then give him battle first, or compel him
to retire before us.
Shonld he retire on Nashville, as the news
papers say he ii now doirgJ we will he al
yanclng lnwards Louisville hut should he
venture on Florence or Savannah, to unite his
fJIc,s with RoStrrans or hrant, we will have
tn concentrate enough Of our forces from
Middle and East Tennessee 10 follow him
| rapidly and defeat hlnI Ill Il greet battle,
when we would lie able tn RESUME our march
as before indicated. We must. however, as
soon as practicable, construct strong works
to command tie Tennessee and Cumber-
| land rivers, for otherwise our communica-
! ton would be cut off by the enemy as soon
as these two rivers shall have risen sufficient
" 10 admit the entrance ! { their gunboats
and transports.
The best positions for said works are about
! forty miles below forts Donelsun ami Henry,
not far from Eddysyille, where those two
| rivers come within one and a half miles
of each other. AM informed there l.; at
that point a commanding elevation, where a
| strong field work cDuld BIZ constructed far n
garrison of about twenty-five hundred or
three thousand men, wba could hold out
with ample provisions aid ammunition
against a large army. Unders the guns of
this work and along the banks Of each river
a series of batteries, armed with the heaviest
guns eight, nine, ten-inch and ridcd guns
could be constructed, bearing directly on OBJ
sLructions placed in each OF said rivers.
When Louisville shall have fallen into our
possession, | would construct a work there
for the command Of the Ohio and the canal,
and l would destroy the latter as soon as
possible so completely that future travellers
would hardly know where it was. This l
--.I1 ,at,ra Gov +ho Vonboo ,oo5ol- |