The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-01-05
RICHMOND MARKETS,
THURSDAY, January [. lsft

"hat II injurious TO the state reacts most prejudi-
cially upon Richmond. The first heavy drain upon
Us after the war was the purchasing, at public sale,
Of our o'ca horses from Government, which had
gotten possession of them either through their cap
ture from the Confederate army, or the taking of
them from the farmers by he Federal armies,
which had travcrsed nearly the whole Southern
territory. This we were compelled to do in order
TO cultivate the lands and do the ordinary trans
portation of the country. In this way an immense
sum was taken from this city, where large sales
were made during summer AID autumn, The mo-
neyto make these purchases was raised chiefly by
the sale of the tobacco scattered through the south
side country.
The next drain upon US was the payment of the
Federal Internal Revenue Land Tax, levied in 1852.
The. law levying this tax provided the most sum
mary process for its collection. The collector had
only to remain in his Office and give notice Of his
readiness to receive the tax within a given time
and if not paid within that time the land was liza
bic to immediate sale to recover it. Approaching
serious consequences from delay, great number of
our people have, through one expcdient and an
other, procured the money to pay the tax, and have
crowded the offices of the tax -gatherers for
this purpose. This has taken away another very
large sum Of money from a people already nearly
penniless. 1t is dificua to imagine how such
heavy drains have been met, in the midst Of the
great labor and outlay of restoring order and in
dustry and the rebuilding OF tins city.
We could not omit to add another considerable
means Of drawing money from the people and in
creasilig their cmbarrassmcnts, viz the libclling
ofthc property of persons holding $4,000 and up
ward. In fees to Federal officials the amount
taken off from the means of purchasing neccssaries
and recommending business has been very large.
In spite Of all this, we still push on more cheer
fully than could be expected, and, somehow or
other, are enabled to make Roadway. Governor
P~eirpoint has recently been to Washington to get
a little time on the Federal Internal Revenue Tax.
He proposes that the State assume it and there is
good r~easonto believe that his plan will succeed.
(Sec not~icAslsewhcrc.)
That Il people thus circumstanccd should not be
ground into dust is a matter for wonder. How they
get along at all must be Il matter Of surprise tn all
people.
The UsURY LAW, if our legislators take a
proper view of the subject, will soon be reformed
altogether; and we hope that a much-needed
amendment will be at once put on to the STAY LAW.
our people, in their struggles TO recover, should not.
be held down by a law which indefinitely post
poncs all collection Of debts and deprivcS them of
the credit in monied communities to which they
are justly entitled, from their past punctuality and
their determination to preserve their good name for
the future. BY no means should the Stay Law APP
ply to any transaction since the I'd of April. In all
these transactions the eyes Of men were fully open
cd 10 the circumstances, ana ttloN SlOnlu dDllt llt
consequences.
The Secretary of the Treasury, Mr.. McCulloch,
makes an annual statement of the public debt on
the list instant. He foots up the aggregate 0css cash
in the treasury 1T -, 7le, 5Sl, 536.l9.
The number Of National Banks reported to have
been established mp 10 the lst instant was ,Gl3,
with a apital of T!ot, 800, i9$, and \ circulation Of
S22j, l02, 2S5.
r,,, .i,n, la. 1.r,
"olu HAS tt'C"cu 4" li'ie HI"t' ,"s' "'eN' "'i'
we quote l4i buying rate: l6 selling.
Virginia Bank notes bring from twenty to forty
five cents in the dollar-the last quotations being
OF Farmers Bank notes, that Bank offering to re-
deem them at thirty cents in coin. The Bank of
~ va p'.,.. : p:..' n Wv ~;
ana the Bank OF pittSylvamia elSnt cents.
and n"f ,h n"1 Ranks 0i |y oT western y III i%io" not i b"yi5s
%ml i u ntorrnmtnd hr ,ho war seiI ,he Gr"t na,ned Il :
seventy :y'' cen5 S,'t the !; att" at n ninety sys to - nin lo.y- '"
cents.
As usual, our quotation. are of wholesale prices,
where not otherwise specially stated:
Northern. 80,
B~ACoN.-Sides, 2O4203c. hams, new, 24026C:i
old, 2o0a22c. shoulders, new, ls8l9c, old, l68
Is B:rrrrR.-a5a4zc - IL. In market, pound rolls,
soc.
BRAYDY.-French. $ltI$l5; apple, $3.50 ;.Phila-
dplDllla, -. lWU -. 20.
BEEswAX.-l06I al d..
Corn ~ME.L-Boited. 81. 05: uubolted country
ground meal is cheaper.
7C"RS."7SmsOci GOOD sound yellow, 75c. very
beautiful white, Soc.
CuEESE.-Northern and Western, 2o42lc.; Eng
fish dairy, 2jU30c
CoFFEE-Rio, 3ln82c.: Laguayra, 35G3ec.
Java, ara i5c.
Observation-Disclosures, light weight, 30c.: full
weirit, Sc; taiiow, 2l0a29c2,: parafne' 45c.
CTnER-Apple soc. an gallon.
CnERRIrs.HSecdcd 35a3lc. d.
CoTToy Market ulict. A few sales at 48c.
CnTrny Cans Good SIS a. dozen. An article
rnt n,;,a "a anol SI3 "a IN Ioznnu
w :" S r,T y - SSGsdiar BOZ . roprnras &c aIun.
g. D =, in5ipo s ia "7G5;:'tc,x extract looggWwoSEd,, zoe, "''"'
0 sES' The VIDE tdf'm margin fiTIgsiiiv; given being oe:casioned b.;
"" 4; n ran"a b.tT"sn tie Richmond aud the Bal
more Gt" inspecti"nMtbe later ruling higher than the
former. SuperAnc, $9s0$lO9. Northern Family,
'tF sE ENuIt TTrtiHis; S9saS8. 50 4 1b.arrel-some so;
,oa prSnrd 10 'si9GS20 NJ. p XII, q: No 3,
x IIS5' ~ mess shad in Kits. $3,
+, ~ STrn no e6IS3 a bnsbcl.
uIv o60.S 20
HOLLAND GTx.LS30S4.
iip1su Por aroEs- |s3'' 256 81. so "a barrel.
krRnsISF OU-Sl al gallon.
IPaTuFR Sole leather. oak. 4o6l5c.; sole lea
,hnr b bnrTt 2S9 lie n,pper,, 40Gi5c': kip, per