The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-08-13
Mr.. Thomas Potts, from the wel.known
commission house of A. Y. Stokes & Co.:
| "tHhat currency In The cnllntrY would YnIl

Mr.. Thomas Potts, from the wel-knOwn
commission house of A. Y. Stokes & Co.:
" Wbat currency in the country would you
dcs,re."
"We want gold currency, not carrying
the actual gold 10 pocket, but notes redeem
able in gold-not notes with twelve and a
half or thirteen per cent. discount"
"What steps would you take for resump-
tion:"
"Tbat we cannot fully answer, but we
wish Congress to establish uniform cur
rency at par value with gold as soon as pos.
sihle without injury 70 the country. We
think the first step to be taken is for the
Government to receive Its notes for customs"
Mr.. X. l.. Williams, wholesale commission
merchant, was opposed TO any initiation OF the
currency, and was in favor of the return to
specie.payments as soon as it could be effected
without ruinous injury to business. BE
thought greenbacks should be received in
payment of all dues 10 the Government, and
also favored the Kelley 3.65 bond.
Mr.. W. E. Tanner, Metropolitan Iron
Works, was found at the Office Of the COM
pany, and the following conversation ensued:
"What are your views as to the effects of
inflition of the currencV!"
81 am opposed to imitation. Enlargement
of the workingmen will not purchase an
equal amount in proportion to the deprecia-
tion of it's value. II there was twice as much
currency its purchasing power would be
greatly diminished, while wages would be
little, il any, increased. The working of in-
flatiop during the Coufederacy was iair ex-
ample Of its evils"
care you, then. in favor of return to
specie payments:"
PERSONALLY / am inclined to specie-pay-
ments. but am not certain of its effect on the
country"
Another representative of the iron inter.
ests was called upon, but stated that the only
point upon which he was able to express an
opinion was that the Government should
take its notes in plyment Of all dues.
Mr.. George l.. Christian, clerk Of the Su-
preme Court OF Virginia, and member OF
the City Council, said in reply to various
questions:
liam a hard.moncy. man and against any
ireaiion of the currency, which is only reE-
dered worthless thereby. had rather ray
one dollar than two for the same thing. The
people are now better able to stand resump-
ton than ever before. We have bad enough
irredeemable currency. and dollar should
mean dollar payable in gold at the United
States Treasury. Resumption must come,
and the sooner the better"
Among others called upon was member
of q large boot and shoe-house, who was in
favor of return to spece.pay but
only by q very gradual process, as the in
terest of the debtor class required that time
should be given them for payment.
A wel.known merchant thought that no
more currency was needed, but did not favor
any alteration at present. The great need was,
be said, confidence in the intention of the
Government to puy its notes; and il they
were received for customs dues this would
be established, and the trading in gold
broken up, which would be the easiest
way to specie-payments. He also favored
MIR. kelley's proposition.
A representative of one Of the largest -four
mills thought the way out Of our present diff
cultes was TO inaugurate free banking and
to withdraw all national. bank circulation,
| which would give the whole mercantile
and manufacturing community an equal
chance at the management OF the banks. he
thOught the present volume OF currency
ample for business purposes, but that it
should consist entirely Of greenbacks. In
1865 he would have voted TO fix date for
resumption, but did not consider it prac:l
ble at the present time.
4 gentleman largely engaged in the
tobacco trade thought the currency
question should be allowed to settle
itself, and a specie basis reached by the
natura! appreciation iD the value of currency.
The Government should receive lis notes in
payment OF all dues, and buv gold if needed
for It's use. He favored Mfr. keIley's scheme,
but was opposed to free banking.
This, so far as your correspondent has pro-
ceeded, gives the sentiments OF the mercan-
tile community; and varied as it is on many
points, it may be fairly regarded as anti.in.
tlatiop. The developments will be continued
hereafter.