The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-23

I Issued pesnsa unt Of United Ssstiy low POI
Z 49, md the Tn rsans!y txed wit5ss notes to
81 sri. redaem ~ " SO strenosha proper II
Is, be s,s ssem I'm coli, o aneled asto
sn ;s than, WIKI IL bnaasprate .u ssasssi
free aankiSs. s s4sory redenpna.Gp Ylsioha
to make COMP. he banks i n ION or Il
circulating votes OF ''nselyes redes.no,rr
> gnited states notes, th.. hin. AZ emaol
s sra n,aae eq a.vaent 70 !. King, or "a
psene fs .be ~ rse ,, bah. 49, stion t.
redeem its notes IN coin, cat lie .. rifrs
j Practicable moment, . che revenues N - e
u sountfy should DO increased 40 as ~ NM
current expenses and provide for the g5sT
I Ing fund required by law, ard also surpYrs
10 be rcssiped in the Treasury In gold. I
an not believer in any artificial method of
making paper money equal 70 coin, when
the c6fnfs not owned or held ready to re.
dee.a' the promises to pay, for paper
money is nsthipg more than promises to
pay, ahfa Is Variable. exactly in proportion
to the amouny Of coin that it can be con-
yerted into; whjotN coin is not used as cir
cuating= nediurnE;; pr If the currency Of the
| country is not convertible into it ut pa.,,R
| becomes WI article OF commerce as much az
any other product. The surplus will seeka
foreign maSket as With any other surplus
The balance Of trade has nothing to do with
the question:. The duties on imports being
required in coin creatss limited demand
for gold, anLs about enough to satisfy that |
demand remains' in the country 10 increase |
this supply. ). see no way open but by the |
Government Ietrdine nrssgh the means |
Iaboye given, ard possibly by requiring the
National Banks % aid. Ut is claimed by the |
advocates Of the Has sure herewith returned |
that there Is an unsasal Gstribntion OF the
banking capital Cfthe country I was dis
posed to give great; weight to. this view OF
ths question at first, but on reflection it will
lie remembered thaSthe re seill.renaains four
Wilson's Of dollars c. al ithorized bank note
eircalation assignedrtd States. having less
than their quota rut yet faken. In ad.
dition to this, the ststes having lcss than
tfeiu quota Of bank eifc nlatoni hare the
option of S25,000,000 more, tobetakeD from
those States having more ban their propor-
ton. When this is albital zen up,. or when
specie payments are fu,if r. STORED, ,or ars in
rapid process OF restoration, will Ee the time
to consider the question, Of more curreney.
U. S. GsAsr:.
Executive Mansion, April %, 1874.
Congressional. Il
WASHINGTON, April o. Senate.-The bind
to enable the Menonites o.aRussa to- effect q \
permanent settlement Of public landssoci the =
United States, was discussed. E.
The bill, which gives the Mennonite sslnu-EE
sual privileges in acquiring public lanes; met
with considerable opposition. and finally
went over. T..
The veto message published elsewhere1 !!
was then read.
The consideration Of Loui5iana affairs was
then resumed. |.
Mr. Lewis presented memorial OF cit;-
zens, Of Virginia asking for the establish
ment of an army and naval hospital at Tay-
lor's,. OF MaSsanatta Springs, Rockingham u
county, Va" Referred to the Committee on. g
Naval Affairs. II
Honse.-Mr. Bromberg, Of Alabama, made
another effort to have passed the bill to re-
lieTe Raphael Semmes's political disabilities, T
but objection was made that Semmes could /.
afford to wait until ut least the Geneva award
Was distributed. ..
Most of the day was spent over the legis-E
latiYe appropriation bill. The item Of Sc 400
for the mint at Charlotte, n. G., was changed
into. one of $1,000.
Weather Probabilities t
WASHINGTON, April 22.-During Thursday, :
in the Middle States and lower lake region, !
southeast to northeast winds, increasing
with rain. r
For the Southern States east Of the Mis- r
sissippi, cloudy and rainy weather and fresh l
to brisk southerly to eastery winds on the 4
coast, and easterly over the northern por.
ton. c