The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-08-17
(Specia Correspondence OF the Baltimore Gazette

rspecia Correspondence OF the Baltimore Gazette
RICHMOND. Va, August ID, 1915.
The investigation into the sentiments Of
the business community here upon the cur
reucy question has been steadily continued
by YOUR correspondent. The general DRIFT
OF the views expressed does not vary mate
rally from the conclusion reached 10 the let
ter published in the Gazette of Thursday.
TIE present attitude Of many business.
men here may readily be comprehended by
the explanation OF well-niormed banker
and broker, who favored a gold currency
but was opposed 10 any violent alteration or
legislation for immediate resumption. "our
business" he SAID ia effect, sis very con.
seryatige and transacted upon perfectly
sound basis. Our negotiable notes are in
demand in northern cities, manufactures are
| improving, and country people are more
| careful in expenditures" He thought that
before many years the southern States would
| be in as prosperous condition as they were
before the war by exports Of produce, and
feared that sudden change would check
| progress. It is this fear that holds back the
very conservative men. They are opposed
to an increase Of irredeemable paper cur.
reDcy, which they do not like, but sensi-
lively suspicious Of any change. Your cor
respondent has found but one-a leading
gentleman in the tobacco trade-Wbo advo.
Gated an addition to the currency. he
| thought that small increase was desirable
for the benefit of the deb:or class. Calling
upon merchant largely engaged in the
wholesale tobacco trade-probably the
largest exporter in the city, and well known
in banking circles--after.a cordial reception
the following conversation ensued: ..t
"Will you slate your views as to resump
ton of specie-pay mentsi" .4 n.t.as5s
81 think that DO law to fix resumption
would be effective. If we only have con-
tinued prosperity in business enterprises and
good crops for year or two specie pay ments
will come without congressional legislation"
:" What amount Of currency is desirable 2"
am opposed to any imitation, but would
have no tamperiDg with The currency. II
any change is made slight contraction
would be more prudest- chief cause Of
our present difficulties has been extravaganza,
-engendered by the war, throughout the
country, and the remedies are prudence,
economy, and industry" s4sa.s
: Mr. Joseph Hall, who is extensively en-
gagged in iron manufacture, 10 reply to re.
quest for his views upon the currency,
said: gpga. sI asir al 1i i ls1zlsl.
"lf should express the feelings which
arise from sympathy with the large debtor
class of our people [ might favor an increase
Of currency, but that would work q proper
tienal depreciation. and, think. 10 the In
terest OF The country, the amount should re-
main as fixed at present." saI d'S:f Iasr.s
General Joseph Z. Anderson was found at
his office, at the Trrdegar Iron Works, and
consented, at The r. quest of your correspond
ent, to express bis opinion upon the questions
asked, as given below; ,"'s 81. N.
y" What IS your vie ~i Of the present discus.
Sion OF the currency question ?'' 'ESs2 ''.%..
Think that exireme views have been ex-