The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-12-05

AK. r. y
Il TIL RS''> l -
Il ..-----=-
40, of Secretary McCuiIoch's
ih'''" Hcport.
& >n,o 1x,;,oa c,o.oo -,
q The fnanccSo' ~. ao.,noss;nn ~ oc
E n>;and0g ''lo ,,,,,oI, 49, sat;sf,o.
d ~ c2od' you w. NV horor "a make to Con
d 5rc;aJy "', ,, ronort Since tho LET
n res hiS w., ..',n,,,nr 1866 s4q3 900 2GS n
81 ,sr q; No,,, notes certificates of in
y ,s-c>t''S','"13 - tcmnorarv loans. have
II .atcdH!c,,>' >. "' inverted into bonds and
n 7sc1 pr, 1ch, dcducting thercrrom cash
n .s i'"..',.,,,rv, which is to hc applied to
'ae ~ law, hrs been reduced $50, sos ,555
r.. 10 .,orr,, period decided improve
...'t also been witnessed in the gcnc-
..,~.,.l condition OF the country.
',.or contracting tho currency.
I'm. enforced 10 that extent au-
3-.,, law. has prevented an cxpan-
.r,lj,> 10 which redundant, and
.mr deprecated, currency is
~ incentive, aud has no little in
~. Eliminating labor and increasing
.s Industry has been steadily
'". 49,. e., the healthy channels from
.r :. VS., ducrtcd during the war, and
.rrh incomes have been small and
.-.e Generally inactive, N no othe: com
..-s.s ca.9:ry has there been less imam
embarrassment than IN the United
..c,.
=. -
.. temporary loans, certificates OF IN
.>> and i've per cent. notes, have
&.ru pail, with the exception OF small
...-r-<. The compound interest have
,v,,d from S2i1, O9t 1863 10 81 SIS
IA 10000 having been taken up with
..r re.t. certificates; seven and
.ar.h notes rom $3.50 900 600 to
-.~. >uu. United States notes, inclu.
.....,.,.a1 currency. from $40 5OA 3l1
-,-l Al. while The cash in the
-. HAS been increased from $50
>s,ag o0S 9qS and tho r,ra.I
,', rs, been increased aGSe .5Ot 500,
.-... mis- has been ACCOMPLISHED. there
....,. no commercial crisis and onts;dc
l... southern States which aye sill
',t- .0tf.rir~ from ,hc effects Of he
,t.-,.,.a. noon No considerable f;n,n
..,rs..rr.,-Sn,nrt
,.... ..,..,,,.. ~
~ ~ o''t '''''. - ~
$780,. . -. :. -, s"1 ~ " ''o WV
' ~ wa. I.' - 0P,u.on s '"aS srUI I. p"s
.--' ~ .os','ut'.' Si,' 9ue"t " *
,'~' 49, a. a. % .t.o ,'sv u"I W 'u,!
my NC inu "'s0u 'No nopo '',''
s-" "oul" DC 'ne cIa'ac.e! Vi lntu'o IL
.1-o". "t'u Surn thc coHa'''o'l % our fto,
.-.''o !"u"H' 'n"' '"'o i''''' "I''' '' ~
g,iI might De Drought ABOUT ~ sun
1'eF DAY. 4ncSe ah!lc'Pa'lonS VI M NC
no , ''p' ','''
gan .'o W '.oV rrn ax,"n r,so ~
v. 49,. namor,I9nn, ~. rnY<on NJ Tndian
.s - a,S WA n,.,i,1i.h,nant NJ mill
,','" 49, = 49, .n,',harr c4atac
. ' 80. 49, , - 49,, ~, t.;-,o.os
-a.s s,Sa,,5 So. tuar I>-cu,,,dnJ ~ :,
-.. .'n. 80 -, r,.~c,nn r,on distilled
', .' nna IVA cord;t;on of rho Sonth has
' .''.i ,'51 ~ ' ,,nso+;sc,c,n~N Tbnsn
.'..{ .,,,r~nEnnsions created IN Fnronc
..,' '>' "t ~ llama NV thn nttdr
."' -, 1',,,.,,,,ti;, ,,.o,, ,,,,o,, MA
.;nnnoo and .axotinn that
,..l ,n;,,Lt Hn+ No m,;nt,;ncd
paine ""'A N''Sn' no. % IN. in".'' ',n,;G
-'' F'@'l ~, '-o w.. p;iIN
....S ,'.'''' '' isS,t.4I'u Wv, w. a.1
.- ,l',V "..;N H.o' ,,a.,. No." h ,,sr
.''. 49,. .I,r, No.. !, no o,;n;on 81
... >M..~.t,rv any inenocrablc difficulty
III tile way OF an early and q permanent
-...ara.io1. nfaSpecic standard, Ii NAV not
i. .,,,. "a fix the exact time, but with
awraa.. crops next year, and with No
LEGISLATION uniavorable To contraction at
l.. session. il no, to be delayed beyond
,.l>, OF January, or, at iarthcrmost, the
.@u, July. 1869. Nothing will be gained,
..yevcr. bv a forced resumption. When
.rcoasirv is in a condition TO maintain
specie payIncnts they will be restored as q
necessary consequence. 70 such a condi-
8arof national prosperity as will insure a
...aanent restoration Of the specie stand
ARA the following measures are, in the
..,:,r Of The Secretary, important if moi
&. f-rrneabIc:
First. The funding or paying Of tho
L,anrc oc the Understanding notes, anC
,.a continued contraction OF the paper
n.-rcncv.
>eJnd. The maintenance of the public
latin in regard to the funded debt.
IIrd. Restoration OF the southern
safes 10 their proper relations to th'
Federal Government.
s,,sw.,x,xc THE NATIONAL RANKS.
=. .,..'.a.an. aordi,io, or tho ronntrv
!" 'lc P'vot" ' O'',,' ,I,,ia,S that ,hn n.'
,1a ~ , r,'M % r '+ ~ tLn Gnvernmenr
..oorinc, in ,i,iS connection the question OF
god faith, the Secretary has no difficulty
III coming 10 the conclusion that they
should be sustained. They are so inter
woven with all branches of business
aud arc so directly connected with the