Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-09-07

a., nasr hide by - dV"g re partially ihdtinu
ara,, Tls ,et of nescatiOO would, indeed BEAR
h,,. m 4gr. rroroltnr to he en r' va TO- 5eS e''a
81 ,p,p but 4 ;proPoit Hna a. 1t may e. II o''
20 q, i.ro,. H. lt will serve - sn eGsmpIs Ior
-, Carolina. Tsrncsse- aud other States BY which
-. INV ont tyr Ii, ,ur-elve, they are debtors to
N ,he ,x,ett OF versl millions, aud like US
1 81, yictiGs Of YshEee rapseity
W. would call tie attention Of the Legislature to al!
,.,er face in connection with our bonds which demands
lie consideration The last Convention passed az it,
se,ion Of June, 1854, OIdiual &c prohibiting the
avment OF interest until the close OF the war, upon all
i'd b-ouuht tere from the North after the oath Of
t,.t month Notwithstanding this prohibition, hun
dsed4 of thousands Of th6s, bonds bought up and
brucht.her, Thy have since then furnished eonVe-
nj ut pdd Tor blockade running operations, and "a
.uN cts Of profitable speculation. 10 the former con
nectcu they have served Profitable substitute iCr
cot ia value al the North SOL In green
backs" while god vas held here u one thousand and
! tvelye hundred per cent. premium. Al subjects Oi
usbe thew served sn equally profitable Pur o'e, for
bsi sud 10 the North at 81 in "ereenbacks, they
ultimately Welded here profit Of two or three hundred
her cant This mode OF traffic has, too, the great
A
Involved in tue trat spOrtaton of large packages q
Goods, aud a. a Consequence, the inducements 10 en-
| = re in it are much stronger. Every bond brought
hrrs from The North slice the 2Gh of June 1861 hes
Leen imported IN direct and Wiliu d,aance u the or
dndEce of the Convention and the Leg +ature SHOULD
COZ sdeC whether it is not proper to can,el the Sccumu
t,d interes' if not 70 cou6scate the bonds them
Should they refuse cOLfcie them, then they should
provide 10 the act con6scatng tue bonds now held al
the Norh il they should pass SUCH that all the sus
pended interest bonds should be registered within
given time Tais time should be limited to the shortest
period consistent with tte possibility Of etectihg The
registration Of those held here for it may be- that
the assignment Of protrseted interval for this piiv
&c wCud but lead to aCcuuu alton within the State
o. the very bonds for whose couf.caon tue act may
be desiAn ned Expert blockade runners and spectators
would avail themselves Of this period of grace and
rush to the North for the purchase of these bonds.
Tee time to register those here should therefore
be as short as ua be consistent with the interest and
Safety from loss OF our eva citz who uAy be Lol.
deTs Of them.
These are shat Se conceive to be the most important
subjects for legislation that press themselves the at
leurOn Of the General Assembly, aud they should not
I, aay means be overlooked. There other matters
iemau ding consideration, which shall from time to
tine bring IS their notice. OF these would parIicu
luiz, the operations Of banks aud the necessity OF
so modifying Them to exclude theiE issues from com.
petition with Confederate Cun eacy. The adoption by
the tanks of Confede ate notes exclusive currency
sould be to them sCu-ce Of profit without liability.
tie soyercy Of that medium would rest npou basis
other than their capital. Sch system if adopted
After the var would arrest the OLHict betWeen bank
Confederate CURRENCY which Mr. Lsngdon Cheeves,
~Lose letter We referred 10 on Saturday, says would
ultimately lead to the establishment OF Government
EHeteluer bank the result of the PrepOnderatDg 10
hueu,e which Confederate notes would command by
| ,a.-,I ~ ,h,ir un:var-oIi.v