Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-04-07
FINANCIAL AND COMMERCIAL.
OYrcE OF TIE WHIG, April 9, 1854.

0YycE OF TIE Who, April 9, 1854.
We subjoin the additional returns of the re-
cent funding in four per received at the Treasury
D apartment since our report Of An in tant
VIRGINIA -Oh'stiansourg, ss9s, 900; GAINESVILLE,
$4,000 Union, s4O5 900; Pearsburg, $685., 100; PITT
sylyania G. 1914. 400. Previously reported, $40.
7O,loO. Total, s4s 47O.6so. The repositories not
heard from those Of Lyrohburg, Lexington Scots
vi l. aud Wy;heville.
NORTH CARoLIsA.-G Greensboro, 81, $50 800; Ssis-
bury, l.S6S,2OO; Halifax, s4SS,SOO Previously re.
p rted. 81 s35, 100. Total, 81, OO6 500.
Souri, CARoLIxA.--Oheraw, $3.50 600; Nesbery,
ss4s 6cQ Kings rec, $i27 600. Previously reported,
sa,s06. 800. Total, s27. s77 900.
GEoRor, Atlanta, $s,sOO,6OO; Marietta, $780,.
500. Previously repoltel, $5T ,ss6 $50 Tosl, se7,-
9s7, $50.
FLoRIDA.-Qaincy $427 200. Previously reported,
sl,565. 500. Total, 81 1888 200.
ALABiMA.-Marion 81 s2s 800. Previously reported,
sS5. sl4. 500. Total, ss7. 743 SO0
No returns yet we'd from Mississippi or louisiana
The aggregate, as far as beard from Officially, 10
Sl96 07740 The returns yet TO be received will no
doub; carry the total to 1920 900 600 As this amount
Is materially below the estimates Of the amount which
will be required to pay the OF the present year,
the absorption Of the FIVE, TO meet the deficiency s
rendered almos. certin.
No doubt many per,ous declined to fund from the
expectation that the four per cant certificates could be
bought before the LIST Juns at heavy discount As il
Is now apparent that the aggregate amount funded will
not suffice to meet the FAX OF 1864 and that oonse-
quertly the certificates will be sold az any material
disccuat taxpayers who have been relying upon the
purchase OF these certificates might as we'll provide
sgainst the day of payment, at once, BY fundg the
Eve dollar notes in four ger cents. ,
The popular belief that the volume of the
currency Will not be restricted by the operation OF the
"Currency Act" cannot be easily removed. The au-
hori.y claimed by the Secretary of the Treasury (un-
der his construction Of the oh sectioD) to issue new
currency TO the extent Of two thirds Of the amount
funded in four pes mt. certificates, would justify the
apprehension that Iapsr money will be supr.buhdsnt
Notwithstanding the efforts of Congress to reduce the
circulation to reasonable limits, Indeed the issue OF
new currency the Of cne.haf Of the amount
funded would be practically eqavalen! TO the issue of
800 900 600 in addition 10 the aggregate amount Of
general currency oustandir the ls of March last
Toe certificates may be considered the representatives
Of currency, they TO be used currency In tie
payment of tsxes and to issue currency upon the
amount OF old converted into transferable cetfcaes
is tsnlamount to further expansion Of the cur.
rsncy.
But, fortunately Congress will meet again in Nay,
and, until it assemblies is understood that the Sicre
tory of the Treasury will have occasion to exercise
the authority which he bslievs is conferred upon him
BY the oh eecton of the "Cuuenoy Ac,." Cor grees
will doubtless proceed promptly 10 remove all ambgui
ties in that act and to remedy any mperfections in the
details which may be brought to its attention. Until
th;n, lie! every coed citizen do Whatever lies in Lis
power 10 promote the public credit, and re- establish
the uniformity of the currency.