The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-10-28

RICHMoSD-WHIrEM Men ORDERED TO LEAVE
THE C1TY.1On Saturday morning Mr.. A,
Monroe, an old and respected citizen oil
Richmond, residing on Seventeenth street,
received note purporting to be from a
vigilance committee Of colored men, and
ordering him to leave the city within forty
eight hours after the receipt of the COM
munication.
The offence of Mr.. Monroe is stated in
the document, which we append:
"RicnMoyD, Va, October %, 1867.
"We, the colored people Of Richmond,
having formed a vigilance committee, warn
You to leave the city in forty-e;ght hours after
receiving this notice.
We are aware of your hostile feelings to-
ward Mr.. Hunnicutt and his political party.
I" If your family choose TO go with you they
can do so, or they can remain. We Will not
interfere with them
IF you do not heed this warning You will
have to-lbide by the consequences. After you
have spoken of Mr. Hunnicutt as you nave,
we are fully determined that you shall leave
the city before the expiration Of the time
given.
~ BY order of the committee.
CT. B. G., secretary.
" .n. 4. XDnroe, Seventeenth street between
Broad and Marshall streets"
Mr.. Monroe is Il peaceable and unotfend-
ing citizen of advanced age, who quietly
attends to his trade Of clock-maklng, and
has never had anything to do with politics.
We are informed that document of the
same kind, and purporting to come from
the same source, has been served upon a
prominent tobacco manufacturer. VINO,
though q northern man and ex-tederal
soldier, disapproves Of the acts OF the
Destructive party, and has discharged
several negroes for deserting their work to
attend the polls during the late election.
MEETING OF TIE RICHMOND CHAMBER OF
COMMERCE.-An adjourned meeting OF the
Board of Directors of the Richmond CHAM
Der of Commerce was held on Friday eve
ming last at 5 o'clock, at the office OF
Thomas, Branch & Co.-the president, Da-
yid J. Burr, ESD, in the chair.
Mr.. Isaacs, from the Committee on FL
nance, to whom had been referred rcso-
luton adopted at the previous meeting
(already published), made the following
report:
"The Committee on Finance, to which was
referred the following resolution, TO VII
Rssotred That the Committee on Finance IN,
quire and report upon the eXpedlency OF
adopting rs 4 usage among the elnembers OF the
Chamber that negotiable paper be made pay;l'
Bile 10 the order Of the maker or drawer, nave
had the same under consideration, ana re-
port that they deem it not only eXpe-
dent but cminently proper, that All ne
gotiable paper should be made payable u
the order of the drawer. All conmercla
transactions assume the shape of barter,
whether it be an exchange of Hour for iron,
or oats for potatoes, or merchandise generally
for money or negotiable paper. In these eX-
changes or barter each party considers the
value of the article-that is, what 1t Will
bring in the market-whlch he is 10 receive
and regulates his price or quantity accord
iugly Negotiable paper, like every other
commodity, has its market value. The sug-
gested mode of drawing II allows the nolucr
10 sell at any time and on any terms lie
pleases which will enable him to command III
ready money the value of his commodity and
at The same time extend to his customers FUR
ther credit, or, in other words, to carry q
larger line without becoming jointly rtSpon-
sble, us he is necessarily compelled TO 90 un-
der the prevailing system. IL Is 4 well esl:l-
blished fact that all purchasers OF paper In
our midst have an eye to and charge Tor the
supposed risk of their calling. Ihe proposed
method of issuing paper should be one ol the
means of cheapening the rate Tor money,
because the seller, in not becoming a
party to the contract, would not be
acting i'll conflict with the usury laws, ;lho
hence the supposed risk would be overcome
! will be one of the means OF extending Ia
cjiities 10 business men. Experience ana neccS.
sity have induced the adoption OF the sytenl
in All important commercial centres where II
prevails and indeed when practiced IN lh!S
market, us it is TO Il limited extent, it is MOI
deemed nor construed us detrimental 10 the
credit of the party issuing paper thus drawn
and we see no good reason why IL should not
he universally adopted. 1t is well known
fact that persons Of the highest credit, com
,nercial standing, and financial ability III the
northern cities, not unfrequenty resort to The
issuance of their own paper, payable 10 thelr
own order 10 relieve themselves OF temporary }
pressure in money matters. lhiS thef co"iu
NOT do without serious hazard TO themselves OF
friends were they required TO avail themselves
of The mu tual endorsation system, that shoa
on which so MANY good and sound comlnercia
houses have been wrecked. In view or the
very restricted banking capital OF our CITY,
vour committee deem ii the bounden duty OF
her merchants and mechanics 10 adopt any
method or usage in business which VIII teho
i'm the remotest degree 10 facilitate their opc'
rotions and afford relief. They regard tht
supiect referred TO them as one OF the hrst
and, perhaps, the most important steps IL
thai dire ,tion, and would o!ler the following
resolutiouS =,
:. Resolred, That it be recommended to th'
members TO draw all their negotiable paper
pavabie to their own order.
:. R1soLced, That the President be requested
to present this report TO the ChamDer Oh bolu
merce 1T the first meeting for ratIficatlon.
Respectfully submitted,
"W. IS. IsAAcs, Chairman.
"T. CT. PESToS,
ar. +. WILLIAMS,
"THoMAs ). BALDWIN"
Tho renort was adopted,