Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-02-17

AUD Il ia also authorised "to receive ara neiI
On deposit and in trust any estate OF properly
rssl snd personal, iucluding notes. ho"aE'
and cantractD, and the sams to PnFohA'''
collect, adjust ana sell! sud as'r'''
thereof, in m.rket, in tho Confederate s'n'ef'
snd elsewhere: for such price and upon s@''h
terms as may be agreed upon, and also 10
make advances ofmoney and credit, sna 10
deal in Exchange, foreign and domestic.
Above, our resdcrs will find tie "p"'pHss
of the act''-vhich is Simply larss credit
mobilier upon floating and s1mst''ess lying
capital Of /" railroad bonds and sh~rss and
other public and private securities '-W hic
are to become "6asis OF CREDIT upon winch
the company is to obtain money Or 'cTfa' 10
be loaned to "railrosd compsniea' P'""''' >
manufacturer" and ether needy l'efsd"s.--
This ia tho concern that ia to ISSUE as cur
rency ono million Of dol!sra upon suDs:r'i'-
ton OF two millions Of dollars ra't mp III
State or Confederate 5on'!a, aud "epnE'l
with the Treasurer Of the Stale of >tcoIs's
of such bonds for sum tqus! Ia IN. bank
notes issuf d, which bonds are to he heid hT
ths Treasurer in trust for The pa, meat "T TIC
notes issued as currency"
The Prospectus is signed "Duh. t'fccn. -
OF Gen. Green we can say netting dar"gs-
tory in shy respect whatever; ho ~ g*i:;'"-
man of the highest in:clligcnossSpd integrity
of great investigation and leacerch-:n many
respects, ns regards chsracso,, far tho supori"r
of the famous john Law; but the @Mfnrolla
of Extraordinary Popular Dslusions mhy
DO furnished with another chRptnc.f e.. this
Planters Insu rance. Trust AMI Loau u 5Esny
DO not prohibited from entering 'ts n"its
into competition with tbs notes nf tic Coz
federate Treasury.
We mover hear Of "lnsursnce, Ifrst
and Loan Oompanies" without recalling "a
mind the Ohio Lis Insurance end Trust
Company, whose fuiluro led to tdc f=mous
crash of 1857 I'VE think).
Wa hays been permitted 10 READ the &c: OF
1ncQrpOTSrlCn, Ruu,So LAX 10 Pai'e' s,N~""-SsNs
can protect, this chatter may hs considered
a. near perf.ction az acts Of Incorporation
can coms. We nhould have 10 objection
to tho 'qnaursnce Trust and Loan Company
trying Jig iaad in any Of ths "poffa7sB'' Of
it's acL Of incorporation, excep. that Of issnins
currency. We ere opposed to the isano o.
notes by any banks or corporations, ~ citirs
CT ccuols re Qcn:sierate S.stsH Trsssu-
r7 ard the diff. EFT Safes can snd opght to
supply the cusroo:y. Ihn hanks taTc re-
trad lhoir c,rcuIs!i0.i, sud tae5 have cone
wisely. Wo hol~ thai some action will he "a
keo, tiihar By Uengsess or the LeSislatu:c CT "
tho States, to prohibit tho cir,:u!atiun DO cur
rency Of any nntos not issued hy tho Confete-
rate or State Treasures.
It Taa from TIE fact that Gsharal Grccn
ha7 or wss contracting fur an iron contact
that our i,.i1rr:eE. iei n:s ttr ercar that the
issus Of paper lnon.y Was - % Mas upon
that contract We Lava M iDteD.i"n 10 do
any Injustice u Gar. G;sen, anil therefore
hasten to make this correction but cur cppo-
sition to tha issue Of pspur money, either by
Gen. Green or by the Planters Insurance
Trust and Lean Company, is still unchsn: cd