The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-09-10
Slender of Richmond Merchants.

Sl2nOGI Oh A'@S3 SAtsA4A
Both the New York Herald and Tribune
of Saturday contained the following tele-
gram. under the head Of "Financial Crisis
in Richmond y:
"RrcnMoxD, VA, September 6, 1867.
Insolvency is almost general among
the merchants here, and northern credit
"ors, chiefly of New York and Baltimore,
O. can enter suits in the United States
"courts for the recovery Of debts. Arush
"into bankruptcy is the consequence. NO
6" less than forty applications were received
"to-day by the Register"
This false and defamatory message we
can hardly attribute to malice. The cor
rcSnondcpt who transmitted this commu-
nica,jon must have been mislcd by circum-
stances or exaggerated rumors. We can
hardly suppose that man could, out OF
nero malignity, attempt to impair the
credit of the mercantile community OF
CITY which has had ill-fortune enough to
crafty the most implacable hatred that
could DO entertained towards commu-
nifty. Moreover, such statement any one
might know would be very promptly cor
rected If il were not true, and the CORE
spondcnt would hardly have sent it had he
known it to be false. Still, the man who
would send such message without know
ing it to be true, without making such an
investigation as proved to his satisfaction
that it was true, is too reckless, to heed
less, to be trusted with the important duty
Of correspondent.
No city has maintained fairer rcputa-
ton for commercial probity and honor
than Richmond. In all the financial
crises that have occurred in this country
the people Of this city have maintained as
high credit as any in the United States.
This fact will be attcsted by all New
York merchants who ever had dealings
with Richmond merchants. 1t is a fact
that there are good many cases of bank
ruptcy now pending in Richmond; yet no.
thing like as many as was anticipated
These cases, however, are those OF mcr.
chants and others who became insolvent
during or before the war.
1t is bad enough that a people should bt
unfortunate that they should have hat
more than half of their property annihi
lated and that this city should have los
between twenty and thirty millions of pro
perty in the terrible fire at the evacuation
of Richmond. 1t is hard fate that sub
community who have thus suffered ant
who are striving with a fortitude ant
energy unsurpassed to rebuild their for
tunes and restore the prosperity Of thcil
afflicted and devoted city. We repeat
we can hardly attribute to mere malignity
such a SANDER; but the heedlessness
and stupidity it displays are amazing, and
quite sufficient ground to cause the dis.
missal of the author from employment or
any respectable newspaper.
The presidents of the banks of the city
on yesterday prepared and signed con
tradiction Of this great SANDER, and it wa,
sent off by telegraph. We copy below this
plain, positive, and truthful statement:
"The commercial failures reported
"by special kilograms to the northern
"press are false. None have occurred
Commercial bills are being met a.
promptly as ever before. Some parties
out of commercial circles and insolven
cat the fall of Richmond have gone int,
bankruptcy.
A. F. HARVEY,
"President National Bank of Virginia
as. G. ROBINSON,
President Planters National Bank
II. G. FAINT,
President First National Bank;
a. VANCE Brown,
President National Exchange Bank