The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-02-26
Hoarding.

Men will be boarding something in times
OF peculiar uncertainty. One time gold, an.
other time salt, another time -four, another
time meat, another time sugar, etc., etc;
and now they are after the favored securities
and the i've dollar notes and their fractions
They must be ever specializing, and thereby
ultimately making things worse for every
body, and Of course for themselves. Yet it is .
passion so natural that 1t is idle to rail at it.
We may denounce it as we choose, yet it
spreads like an epidemic, until the nation be-
comes involved, and the difficulty is to find
those who do not deserve censure. SO it was
with exsostion and speculation at the beginning
Of the war. A holder of q cargo of salt ini-
tiated the era of speculation by demanding
80 per sack, that had cost possibly, all told,
el.75. This advance was considered SO enor
nous, and 'such an unjust liable specula
ton In the necessaries Of life," that it was
made the subject of grave complaint to no
less body than the Virginia Convention,
bya body Of Farmers, who have, sooth to
Gay, aimee proved that they are IS sreat ex-
tortioners - any In Jewry. Yet salt ran up
i4 few month"; to such prices that $40 per
sack WAS nothing in comparison to it. AT
no per sack We could now manure our fields
with salt.
Everything has been speculated in, and
everybody that has had anything to sell has
yielded, willingly or not, to the circum-
stances surrounding them and accepted ex-
cfoisant prices! turning point in trade
and finance IL shout to be reached. and the
boarding takes turn. Men are boarding
the ss'srsscy. strange to say-and even checks
upon the Banks are deposited In secret
dnWen and strong boxes, to be held mn lii,
s.ter lss April, In order to get in payment
o. them better curreLcy than that now
disbursed. But the Banks have made a
move thaa checkmates these smart hoarders
eonpaseely. They have given notice that
hey VIII decline paying any gpdrawn diyi.
dende, certificates Of dsposit, and checks. Of
any date prior 70 the 18th March. In any
thing save tho currency now existinr and
aov rased and valued! So that winds mn
the speculation In checks.
The Confederate smell notes. howeva-
wiz continue to DO boarded. The Ave All.
laf noees because they are receivable At ma,
and fandabls In Government 4 per csr,s
tn ist O July; and the notes Of smaller de.
nomlaafsoa becanse they are mo-, n.n.r,,,,.,
q 81, and vim be At par vi. q ne better c"r
~. aa'a Otherwise ..edsssa by Congress.
:. 49, 81 icy ase esssatial for change, and
81. us' -AmeAt derives an immense pro-
g NV saalr destruction, It is probable they
not - called In daring the war.
M uhat ssalls the hoardings It 10 an
81 - he Community. II small notes aye
hf11en away By ayasicious dealers, trade
nnet ~ ohsfractsd - much TO the injury Of
~ SIR - The baSsv; and II the evil be-
oenes vay great, some expedient viii asise
fovfhe rsnsdy. With reference 10 the ave
Aellne net0 fbslr lAts must b the Same -
fAat e - larger onss, Il = only delayed
theee nnen110; ard fhe probability + that BY
lhGfv 80 liseslalton, tsgslAsr With the
nan1nee notnL rolailess wouM mako : great
~ $50 80 fbey - ~ hoasdiag then