Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-04-08
FINANCIAL AVID coMMsRctAi,
Osror Q, rus wHIe, April .,

F 0SroE o. rus wHIo, April =,
A few days before the adjournment
General Is,. mbIy OF v. giuia, the clio sios
passed In secret sess:on. Toe amount Of CoafedsS
notes now held BY the Commonwealth 10 not vsrj large
End between the preten. time and Is. July it is not
probable that more than 5000 900 (of Hvss) will be
ceved into the Treasury which, Under the provisions Of
this act will be funded in Xix t.I eelf d., uLls
Congress, at its next ssson should subosizs tie Sec
Rotary Of the Treasury exchange lev currepcy for
the old which may be held by the State On or before
Let July. We Informed that Coogreea will be ap-
piled to to gran. this concession, and in view OF tie
sacrifices heretofore made BY Virginia. the ap i,Ation
should receive the mos. favorable consideration.
Il 10 every day becoming more sppsren. that the
wsstt policy for Congress to adopt in regard to the chr.
repcy when it meets sgain, Is 10 declare, promptly,
th At the five dollar NOES now in circulation shall 10
LEVIED Of the prospective Of SSt per cent and that
the Secretary CT the Trea.ury shall have no authority
to issue new currency except in exchange for the old
remaining unfundsd, at the rate Of 81 for Is. The
amount Of currency sa,at If all tie old notes werecon.
vertsd into Issue, would no. fell short Of t400.
100000 from which the no. provided for BY four
per cent. certificates must be deducted TheTemainf<r
would leave in circulation amount sufficient to JUS
tify the e every month Of thirty to fifty millions Of
guaranteed sI per cent bonds (exenp. from taxatiGn)
until the close Of tae war whereby to raise the neces
sary funds to meet the appropriations OF Congress-
We earnestly pay That this mode Of raising revenue
Qn conjunction with isK.ti9p) may be resorted 10
in future instead of an expansion OF the currency bys
further issue of Treasury notes.
The act Of the General Assembly, referred TO above,
ID as follows:
An Acr 20 authorize the funding of certain currency
belonging to The State, in Confederate bonds and to
authorize the sale of such bonds nseessary and to
authorixe the cohgrsion of other notes into Other
issues Passed MaFch 8. 1864:
l. Be IL enacted By The General Assembly, That the
Governor, Treasurer and Auditor of Pubic Accounts
be- AID they her,by authorized in her discretion,
q majority Of them concurripg therein, 10 furd at any
tine before the Let January 1865 any or all of the
Treasury notes OF the Confederate StIes now owned
by the state in the six pr centum bonds OF the Con-
federae Safes and in like manner to iurd, In said
bonds any Of such notes that may be received Without
the abatement of the thrythree and onethird cents.
as provided by the Act OF Congress OF the Confederate
Stses reduce the sncy and Tor other purposes
Toe Governor, Treasurer and Auditor oil Futile
Accounts majority ofthem concurriDg therein, may
SELL Tor Treasury notes of the Confederate Government
issuet after the lat OF April 1864, from time TO time
SO many of said bonds a, may DO necessary to meet
sppropra ions authorized by law and expenses Of Gov
and pay he proceeds Of sale into the Treasury.
Auy Of such bonds ghal be made Of pubic ructon
after dus notice. Blu. no sale shall be MAIDS for less
than the market vslue and commissions eha
4 be paid for the sale OF such bolds
8. Any OF ssid not that may be lawfully received
with the abatem mt Of the thirty-three and ethird
per cenu shall be converted by the Treasurer and
Auditor of Public Accounts ID the issues OF Treasury
notes OF tho Confederate States issued after the lst OF
! April, 1864, as author zsd By act Of Congress-.
4. Il thal he the duty Of the Governor, Treasurer
and Auditor OF Poblc Accounts to report their pro-
ceedngs under this act to the GensIal Assembly.
Il g. This Act shall be IN force from its passage.
Tue copy-Tests:
THOMAS II. DEWITT,
for WM. +. GoRDoE,
Clerk q. D. & K. r.
There wero two auction sales, to-day, at one
of which-Meisrs. Slaughter Co's-psymcIts were
r. red 10 be made in new cuireccy. The articles
sod consisted chi, Hy OF small lots CT blockade goods,
aud we're Knocked I'll generally at decline fom pre-.
vious picts Brown cottous, ga and 7s we're sold BY
the piece at 50 IS rs per yard. lot Of butter not
strictly PRIME in kns, brought $40 per H. At kessrs
Robinson, Adams Co.'s SALE the following prices we're
obtain d, payable il new currency or 6se', at the
buyers option:
Manufactured tosacco 25 cents to 81 As per Id
/ Drown tuRar IN DDs dIu kegs 20 W ~ cfuoueo
d. Sl2 90; N. O. mo assss $50; lard So; candles
IS 62}; turpentne soap So 66 rs per lb.; bcarb
| ,da So l0a s Is; sta ch 81 10; eopperas ~ 46;
Ouoa coffee sll; kio TO-, $ll 46 IL 60; Java do,
$lS; gunpowder IS; ETC., etc.
The gold market was quite unsettled to-day.
At one brokers C,s the buying rate l6, selling
rate 90 another tie selling 20 10 old cur
rency, and 22f in The prevailing rates seemed
to be 1920 buying, and 22@23 selling. There is
good demand for pecie from parties Expecting to use
it to adv ausge in purchasing provisions, etc., but the
tsnsac ions are mostly on small scale Ten thousand
dollars put upon the market for new currency would
bring down the premium SOLO but as this Is not likely
TO be the case until Gen. Lee has achieved another
victory over the Yankees the decline in the precious
metals will be exceedingly gradual The next auction
Gale will be looked for with degree Of interest