The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-11-13
Especial dispatch to the Baltimore Sun ]
A Financial Sensation Exploded
tn pR;e.bnrnnSg Wa

WAsHnGToS, November H. Great sense
ton has been created both in New York and
Washington in consequence of leading
editorial on "spccie payments " IN the New
York Republic Of yesterday. The article in
question makes tue positive assertion that
the Administration has since the elections
determined to reverse its financial policy,
and that the President takes no further H.
terest in specie resumption nor in cOntrac-
ton of the currency. The article goes on
further to enunciae doctrines akin to those
of the western rflltionists. The Signiti-
canoe attached to this article in monetary
and political cilcleS is due 10 the popular be-
lief that the Republic WAS established with
the main purpose Of rciltc'ing the views of
the Administration. AS consequence tele.
grams from New York have been pouring
in here to-day inquiring what degree of re-
sponSibiiity the President will assume for
the utteranccs of his New York organ. The
Secretary of State was so much worried
over the matter that he left bis office aud
came down to consult with some of the other
members of the Cabinet about it. 1t was
agreed that it would he most fatal bun
der at this time to have the Administration
placed in such an attitude. The Secretary
of the Treasury determined TO 60 over 10
the White House aud call the attention OF
the President 10 the matter. The President,
who had already pelu<ed the article, at once
pronounced it to be entirely without any
foundation, and said that no one had any au-
thorty from him for such statements as it
contained. He said that bis views In re-
gard TO the finances had not changed one
iota since the last session. The views OF
the President having been made known,
kilograms were sent to quiet the apprenen-
sionS of the uneasy ones IN New York. rms
MISREPRESENTATION OF the views Of the Presl-
dent by the new organ Is not calculated 10
advance its fortunes. But as it started out
on deliberate career of misrepresentation
| of its political enemies, the habit has no
doubt grown so strong that it is now un-
able to distinguish between friend and foe
| The Louisiana Radical politicians say that
| yesterday in the Cabinet meeting the Score.
tary of War brought up the subject of the
disposition of the troops now quartered ia
that State, in connection with the dispatch
of the Committee of Seventy, requesting
their Withdrawal by the President. These
parties, who appear to be exceedingly well
informed, alege that the President immcdi
atey remarked that he did rot intend tC
withdraw the troops, and that the request tt
that effect from the citizens of New Orlean:
was piece ofaudacity 4; that the troops ha(
to be somewhere, and that they bad as mucf
right In New Orleans as anywhere else. Ii
consequence Of this the Kellogg party her.
are in high slee, as they regard this as an in
dicaton that the President intends to ad
here to that worthy to the litter end.
The customs receipts at the port of Rich
mond, which amounted to S104 ,645 for th
fiscal year ending June 30, 1872, reached onl,
/ S34.1S5 for the fiscal year ending June so
1874. The collector at Richmond, 10 lette
to Colonel Craighi!l, ascribes the falling Of
to the reduction Of duty on salt and the de
; crease in the importation of iron. The col
, lector thinks that the commerce OF Richmond
would be largely increased if the channe
was so widened that large vessels could G,
up to Richmond instead of being obliged, a;
at present, to unload and take in cargo a
City Point. The customs receipts at tn
port Of Norfolk for the last fiscal year wer,
$4,000.