davidaulloa/AmericanStories huggingface dataset:
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11
[For the DIspatch.l
Some Principles of Banking.


Gold and silver have always been accept
ed as currency
Because they are valuable in themselves
They have always stood for wealth. They
are enduring, beautiful, useful, receive and
mold impressions better than any other
metal, and are the most desirable rs clear
and lasting measures and indicators oil
value.
Because they are so little liable to rust OIL
corrode they are indispensable in surgery
and in almost every other art.
For watches, an almost absolute necessity
in civilized life, they are most desirable. In
the fine arts they are the very material and
glory OF human workmanship, and their
Quantity is limited. When Il community
uses them for currency it uses q useful
and beautiful and valuable thing for cur.
rcpcy and, in doing so, practices self
denial. 1t takes them away from the arts
for which they are wanted. 1t uses, in
fact, large part of its wealth for cur
rency.
In this people follow the wisdom OF God
in bis works. He provides water as cur
rency for the earth. Water is the currency,
the vehicle or values, that facilitates com.
MERGE and enables men to swap about. And
water is a part OF the wealth OF the world
The saliva in the mouth, the lubrcating oil
in the joints, and the blood, are the body'S
currency. But all these are the very essence
OF the body's wealth.
Every true and solid currency must be
as closely as possible identified with gold
and silver, Natures representative OF value
And no nation can enjoy an absolutely safe
currency that does not in fact use its wealth
for currency, holding in near absolute safety
actual wealth for every image that goes
forth in the form of paper promise to pay.
NatiopaI-bank notes, coming from the
very heart Of our body-poitic, with the
guarantee of Government, are the immc.
diate representatives OF value, so close as
TO be almost value itself. And their highest
perfection will be when they are immedi
ately redeemable in gold and silver. Their
guarantee is absolute. VIZ.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

GENERAL JOHNsToS's LETTER.-Few per-
sons in the State will object to the manly
and candid letter OF General Joseph L.
Johnston. giving to the people OF the Third
congressional district his views in reference
to the financial and other questions now az
itating the country. First in importance
General Johnston regards the maintenance
of the Democratic party, and here lie is
right. Moving out from this position he
naturally follows the road mapped out by
the Democratic party, opposes the continu-
ance of the national-bank system, the tax on
State banks. and advocates an abundance OF
paper-money equal in value to gold and sill
yer and receivable for all dues to the Gov
ernment; is also opposed to high tariff
and the internal-reyenue law. 49,.
The letter is sound to the core, and we
doubt not his constituency will thoroughly
approve his views and give to General
Johnston very handsome endorsement at
the November electromagnetic Ledger.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

CoS'T LIKE CONFEDERATE HoNoRS.-
Washington Republican. while the Pc
tersburg Post yields to General Joe John
ston a reluctant support in bis candidacy
for Congress from the Richmond (Va.) dis
trict, the Richmond Dispatch advises IFS
readers to "take him as he is," simply on
the " oId-soIdier" ground. In other words,
he is to be boosted into political preferment
on his Confederate record. We have no
especial objection to his election, il Demo-
crat is to be elected from that district, for
he is a man of large views and wide eSpe-
rience, and would set an example worthy
OF imitation by some OF his hide-bound and
preiudice-blinded ellow-southerners; but
unless his constituents find something else
in him to admire than his career as Con-
federate general they pay poor compil-
ment to him and themselves by supporting
him.
+ The Post yields q willing and cordial
support to General JOHNSTON. 49,.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11
Dnrnfons of Eminent B1en on BOSus
DANIEL wEBsTEE' n,

s....F--. DANIEL WEBST R.r{z
.nf NIL the contrivances for cheating the
laborinG, clasnes OF mankind, nonehas been
more effectual than that which deludes
them with paper-gnoney. 1t Is the most ei-
factnal ofsinyeptions for fertflizing the ricn.
MANS field BY the sweat OF the poor mans
brnw. Ordinary tyranny, oppression eX-
.cessiye taxation, bear lightly on the. masses
Foi tine community compared with the
frauduleut tscurrencies md the robDerles
committed by deprecated paper-money.
Id We have suffered more from this cause
than from any other cause or calamity. IL
has killed more men, perVaded anu CUT
r1nted the choicest interests OF our coun-
frv more. and done more I'M Justice than even
the arms and articles OF our enemy"
SALMON P. CHASE.
"The Secretary recommends no mere
paper-money scheme; but, on the contrary, !,
n series of measures looking TO sale ana
gradual return to gold and silver Us the only
permanent basis, standard, and measure Oh
value recognized in the Constitution. "-An-
nual Report of the Secretary Of the Urea
sury, 1862. ;,
LORD MACAULlY.
"The evils produced by bad state OF the
currency are not such as have generaiiy
been thought worthy to occupy proml,
nent place in history; yet it may be dounted
whether all the misery inflicted on the Eng
lisb nation in quarter OF century by bad
kings. bad ministers, bad parliaments. ana
bad Judges was equal to the misery caused
in single year By bad currency. Ills
tory Of England.
ALEXANDER HAMILTON.
Paper emissions by the Government arc
OF nature 80 liable to abusc-I may say SO
certain to be abused-that the wisdom OIL the
Government will be shown by never trust
ING itself with so seducing and dangerous 4
powcr.'-Report 1rhen Secretary Of the
Treasury.
JOHN STEWART MILL.
"Allhough no doctrine in political econ
omy rests on more obvious grounds than
the mischief OF paper currency not malE-
| tanned at the same value with metallic,
either by convcrtibility or by some princi.
nile of Limitation equivalent 10 1t; and
although accordingly this doctrine has,
though not till after the discoveries OF
many years. been toerably cffcctually
drummed into the public mind, yet dissent
ents are still numerous, and projectors
every now and then start up with plan:
for curing all the economical evils OF Soclet!
by means OF ar unlimited issue or incon
vertibIe paper. There is, in truth, grea
charm in the idea. TO he able to pay OF
the national debt, deiray the expenses o.
the Government without taxation, and, IL
fine, to make the fortunes OF the whole
community, is brilliant prospect wher
once a man is capable OF believing tha
printing few characters on bits OF papc
will do it. The philosophers stone coul(
not be expected to do more"
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11
A Soldiers Generosity.

People who understood the generous i'm
pulses Of soldier always said that after the
war IL the public policy were left to soldiers
the country would soon be in the enjoyment
OF peace and harmony, and that sectional
hates and strifes would no more disturb the
land. AT that time the soldiers Of both
sides in the civil strife yearned to be friends,
and to strike hands as brothers who knew
well the patriotism OF one another, and who
could trust one another, and rest in conf
dence and entire reliance on one another's
'habitations, and know that no harm, no in.
Justice, could come from that mutual trust
in the brave spirit and honorable nature OF
the true soldier. 1t was not the soldier that
kept up the animosities and rancors Of war.
1t was the miserable politicians who rioted
in tanning the embers Of discord, and who
looked upon sectional hate as their only road
to political distinction, since their own
merits were altogether insufficient to entitlc
them 10 any promotion at the hands OF their
people.
We know how these undeserving disturb
ers OF the public peace have kept in office
and prolonged their rule by their adroit
manipulation Of the bad passions which the
soldiers had repudiatsd. The country has
suffered from the devllment Of these parti-
san wre.ches, and long have we been de-
tanned in suffering and sorrow because of
their INSCRIPTIONS strategies.
This only makes US deplore the more
heartily and deeply the fact that the true
soldier had to fall back while the partisan
was brought to the front to yeX the land
by his inhuman and selfish policy. Could
the basis OF settlement determined upon by
Generals SHERMAN and JOHNSTON have pre-
vailed, the land would hive been at peace
and would have shouted praise to Heaven
for the blessings and Joy that would have
followed so soon the horrors OF war and
its desolations and miseries. There would
have been real contentment then, and not
the prosecutions and the. resentmenrs that
have impelled the nation to the terrible
condition in which it has so long existed.
We are led to these remarks by the fol-
lowing narrative Of scene that occurred
in President HAYEs's progress through that
young State In the Northwest. Minnesota.
During the honors paid him at Minneapolis
the following took place:
GENEROUS ACT or 4 SOLDIER. President
Hayes stepped to the front and said he held
in his hand Bible, which had been pre-
sented by Union soldier, as his only pos
session. to be given to-day to aid the suffer-
ines Of some Confederate soldier In the
South, who Ii his friend but once bis, enc
my, to be sold for what 1t will bring. he
desired, also, to state that there was box
at the end Of the ball where subscriptions
would be received for the sufferers in the
4 South.
Mayor Rand then took the book and of
fered 1t for sale. Mrs. James i. Case was
the purchaser. paying $780, The book was
accom- panied by the following; letter:
This Bible Is the properly Of a United
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

# .f,the Government is good for two thou
saud millions OF bonds, bearing hVe anu slA
ner cent. interest, wouldn't 1t DC goou lof
two; thousand millions OF Treasury notes.
bearing no interest7 80.
s. II not, why notifying.
1.-THE Treasury notes are to De "lrreoeem-
abIe.o as The Whtg desires to have them', u
is not material whether the Government Is
good for them or not. They would be
worthless. II they are to be redeemabie III
coin--tbnt IS to say, payable in coin--'tlhley
wifi ulI be payable on demand. Our present
creenbacks are all promises to pay money !;
and they are nearly as good rs gold. But II
thew were irredeemable they would not De
half as valuable as gold. The Treasury noIcs,
then, being redeemable on demand aho.
there being, say, two thousand millions OF
them out, and the public knowing tnat not
one fifth OF them could be redeemed OF pald'
on demand, and all OF them belnS non,in.
tcrest-bearipc notes, they would ut once TALL
far below par.
Not so with the bonds. They bear in
terest. which will keep them at par as long
az too many OF them are not out. They are
redeemable some after 1870; some after
1872; some sitter 1878; some after 1874;
some after 1881; some after 1891; and some
after 1907. Every purchaser knows that
the Government will be able to pay them
according to promise, and as they bear IN
terest he is content to hold them. But sup
pose they did not bear interest, and were
not payable until 1907: who would take
them?
Let us illustrate: Mr.. FRANKLIN STEARSs
is worth say a million OF dollars. II he
gives bonds for half that amount, payable
in 1881, 1891, and so on, and makes them
bear interest, they will pass at or near their
face value. But let him put out i've nun
dred thousand dollars in his own notes not
bearing interest, but payable or redcema'
Bile on demand, and these notes would not
sell for one half what the bonds would
bring, unless he kept S5O0,00O on hand to
redeem them with; in which case he would
lose lust the amount OF interest he saved by
making them non-iutercst-b bearing. So as
| to the Government. Ii the two thousand
millions of Treasury notes were not redeem
able on demand. they would be worth little
or nothing. II they were payable on de
mand, the Government would lose as much
interest on its coin as it gained on its notes
The fact is, however, that the Government
could not possibly get coin enough to keeE
that amount Of greenbacks at par, or any
where near par.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

Senator Eaton, OF Connecticut was inter-
viewed recently by New York Herald re-
porter in regard to the Greenback move
ment and its strength in his State. The
Senator said he didn't believe the new party
would poll more than 1000 votes in Con-
uecticut, and that the Democratic ticket
would be elected. He criticized the theo-
ries of the Greenbackers, and thought the
public were too intelligent to be deceived
BY them. What was essential now was not
wild initiation, but true money and foreign
trade, and there was already promising
revival Of business.
At 5 O'Clock Monday morning eight
masked men entered the Great Western
railroad station at Dunday, Ontario. They
overpowered and gagged the Waterman,
blew open the safe, and got off with about
800 in money and check for small
amount.
General Joseph E. Johnston has received
the nomination for Congress in the Third
district. He will do honor to his constl-
tuents.-L iilsuiIe Virginian. s..i
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

Editors Dispatch: II the United States
bonds, on which a large amount of interest
| is paid annually, were called in, would not
| the saving OF the interest and the amount
OF currency thereby put in circulation go
far TO help us out OF the present stagnatIon
OF business! In other words, what e1ect
would such an act have upon the times ana
the prospects of the many who are now ldle
for the want of employment? Your views
on the above will obiiee, y. !.
September 10, 1878.
The bonds are payable in coin. Nine
wears ago Congress solemnly PROMISED 10
INV them in specie. Since then all, or
nearly all, the bonds have changed hanos'
and are now in the possession OF persons
who bought with this guarantee. Ioquad-
runle the number of greenbacks out would
reduce their value very much. The Gov
eminent. therefore, could not honestly re-
onire it's bondholders to take mere pieces OF
naper. or greenbacks, in place Of coin; and
r. on the other hand, the Government
should buy coin with the new sreenbacks,
il would likely lose more than the interest
FOR many years. Whenever those bonds are
redeemable, the interest can be reduced to
,our per cent. anyhow. The Government
would thus save more than in any other
way, as any forcible payment OF them in
green backs would take off from 20 to so
per cent. OF the value of the greenbacks,
and OF course of the wages OF every poor
man and the income OF every rich man.
Under such circumstances all enterprises
would stop. Men making twenty or thirty
per cent. per anpun,on their money would
cease to carry on business at once when
they. saw that the depreciation in the money
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

Z, anId a & year amount to more than the
i pI,ir,os;Bts ~ their business. -aeaiels
and brokers' would reap q harvest. Genuine
,,ooney. sllcli as IL used 10 France and Eng
iand. il ts,e only kind 81 currency upon J.
which solid factories, foundries, anu @are.
houses ca. be based. We had abundance
Of Confederate money during the war, but
no farmer was willing to work Tor i. me
GoyefnmenE had to- ptess wheat at forty
dollars =per..bushels as,ds .horses' mules' anu
everything elae at Ike prices. The Dest Q,
mechanics worked for per diem that woula
not buy pound OF coffee. All work,ps-
men men like slaves, drew rations from tneir
EN- pioyers. ], sF...+ '
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

CO.. .c,,,.er II, The war for the Union In
9asss ma IA isj. tue only u my
..nsyer ID nuke. .rhisti The OF q 9rlenus,
and IA priced for this rsason ase a!s pllsse.
I ACCEPT most cheerfIily this cp poftanIty
81 expressing the sincerity Tiny Irleaaa
shin for those brave boys who 1ough 70 Ine.
defence Of whataIiey bone ysbelie yea W.
right In the war 81 cue feBellion. we were
enemies In war; we are friends 10 peace,
NAV this be the means OF carrying 10y "
theShearts and homes Of some poor snnerels,
and &c sIaalL a thousand times s,'o
sacrifice. It is especially requested Dy .ne
donor that the Bible be sold, ana Tue p.o'
ceeds given to family, or fannles, q sou.n-
ern Copiederate soldiers SUFFERING from yer
|low-ieyer. lsigned1 D: S y 1sroS.o
q Minneapolis, September !, 1878
There was no abIoody shirt" here-no
scheme to get into. oflice--no strategy to
make anybody miserable; but pure human
ity-pure generosity Christian love
and charity. In presence OF this scene Inc
BLA,SEs and the CoSKLINGs and the GAR.
FIELDS should stand as persons condemned
to outer darkness, excluded from the SWEEP
sympatbies and generous judgments whien
make society honest and sincere, ana LIE
|ioys OF this world worth living for. \.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

One of the best businessmen in this city
a man of wealth and large and varied i'll
tcrests-sad to us that the want Of tho
country was cheap currency-money that
cost the least to prepare by coinage and en-
craving to make it 4 proper circulating
medium, and one which cost the people as
little as possible to put in circulation, and,
above all, one in such volume as that interest
would be low.-Lynchb,ug NerS.
lBrass or iron is your metal. Try it, and
sec how the people will like it,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

4 DISGRACE 70 BosToH.-BoSton, Sep
TENDER 1O.-The Democrats OF this city held
caucus last evening for the election OF
delegates to the State Convention. In nearly
every ward Butler delegates were chosen.
The general complexion OF the entire Bos-
ton delegation is said to be decidedly in IA
yor OF Butler.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

GENERAL JOHNsToN's LETTER.-It is short
and direct, and meets the issue OF the day
squarey. II the voters OF the Third district
can raise objections to the many soldier
like utterances OF the old veteran, they must
indeed be hard to pIease.-ffedericcs5aT3
BuILfti1
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

JUST So.-The soft-money hercsy has
gained no considerable strength in that
State vermont, and has drawn more voters
nronortionaliy from the Democratic than
from the Republican party.-Ne,o Yortc Fri
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11


DECEIVED AT TIE 90 CENT STORE,
The handsomest line Of TIN TOILET-WARE ever
offered in the cify-sevcE different styles, iull
size. ut 1886 L set: all our Oil styles at 1918
twenty new and handsome styles ut S2.97 to
$3.50;
4 very handsome SILvER-PLATED TEA-SET
live pieccsl warranted trlplc-platc, for $500,
or will sell single pieces al 1898;
FlyE-BOTILE REVOLVING CAST0RS, war
rented triple plate, ut Sl.9s;
FIvE-HOTTLE REVOLVING CASTOES ut 99c. >
LARGE SLyER-PLATED SOUp-LADLE at
99c.:
Smaller SILvER-PLATED SOCP-LADLE, var
rauted, ut 99c.;
so SETS EIGHT-BALL CEOQUET At 9Oc.;
90 LARGE FOUR-WHEEL WAGONS at 00c.;
ls-INCH SOLID LEATHER VALISES trcd or
black at $l.9S;
o4-ISCIi ENAMELLED VALISES at s1.9s;
HANDSOME NICKEL-TRIalA1ED LEATHER
SATCHELS at 99c.
A iull line of BIRD-CAGES at 99c.
Call and see the goods at
@ sos BROAD STREET.
SEQ W. a. STEVENS,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11
MEETINGS.

JEFFERSON LODGE. No. %, NA
- KNIGHTS OF PYTliIAS:-RcenlarETS N
convention THIS "wednesday EVENING. III e II
September ill., mt 8 o'clock. at your Castlc(SSst
(WilkInson's) Hall. on Ninth street. Can SsGS1
didatcs for ranks arc requested to be prompt W.
in attendance at $50 O'Clock. Members of sister
lodges and transient brethren arc cordially invited
to attend. BY order of the G. G..
J. Il. LASlkIS,
81 Ills Keeper of Records an', Seal:
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11
MARRIAGES.

Married. ut The residence Of the brides mother in
this city. on Tuesday, September ION, by The Rev.
N. j. Michebacler. ROSA. youngest daughter OF
Mrs j. Nucbman. to \. II. KAUFMAN. Of Farm
VILE, Va. No cards
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

MT" AT COHEN BROTHERS,
BLACK TIIBET SIIAWI.S at soc. Oh the dollar;
Also. BLANKETS 4, less than market value;
BLACK ALL-WOOL CASiIMERES at soc. re-
duccd from Coo. at Gjc.. reduced from Soc;
I.ubin's at size. worth fully $40;
4 large stock Of WHITE and COLORED FILM
NELS ut greatly reduced prices;
WOOLLEN TABLE-COYERS reduced to Il: for
mcrly sold III 81:
COHSET:s Of every description;
11O-bonc CORSErS At SIZE; iD5Onc 1t zoe.
An extensive stock OF HOSIERY nj reduced rates to
close for this season:
MATING ut reduced rates TO close
Ladies' LINF.,, SUITS at less than cost 20 close:
Many other goods TO close 1T sacrifice. SCI
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

The public schools mast not be abandoned
or negiected.-Peter Post.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11
RICHMOND, September

RICHMOND, September 7, 1878.
AN ADJOURNED MEETING OF THE
N STOCKHOLDERS OF THE RICH MON ID
FIRE ASSOCIATION OF VIRGINIA VIII be held
ut tho Office OF The Virginia tome insurance COM
pany OIL FRIDAY the 18Th day OF September,
1878, ut 3 O'clock L. NJ.
BY order Of The President.
Sc 9-td Il. T. BROOKE. Secretary.
RIcIGMoSr. FEED'G AND POTOMAC Il. Il. Co..
SECRErARY'S OFFICE. 7
RICHMOND VA, August 20. 1878. }
NOTICE IS HEREBY GIVEN that n
~ CALLED MEETING OF the stockholders OF
this company will ue held at lis Office In the city OF
Richmond, Va. on FRIDAY. September 20, 1878,
nj ! O'Clock. a. NJ.
j. i. WINSTON.
All 2O-td Secretary.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11

NAT AT COHEN BROTHERS.
ELEACHED and UNBLEACHED COTTONS at
81, S, 81, and &C;
GlNGHANlS at Sic, reduced from l0c.; all ioncs-
tic goods reduced;
BEDTICE at 5, 6, 10. 12i:. lG, ard zoe. reduced
fully twenty per cent;
ENGLISH EEDTICK at 25. 80. SO, and Bike;
CANTON FLANNELS ut 5i:, CT. Z s, 8, 10, and
l2tsc, reduced from twenty-five to forty per
cent. fro.n last seasons prices. SCI
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11
,sS ts<sttif".

l.. LlCliTENSrEIN : -rN~
are now offering extraordinary iH,.'r" :nvEt7 ii
BLACK ALPACA. They ar" linz iihtrk Alpaca
III zoe. worth 3jc.; EItck Alpaca II dc. wort"
a0c.;
Look at their FLANNEL S-Chc%r,. ~ III" citT:
BLEACHED and UNBLEACUED 'OTToNS -,
exceedingly low prices:
CALICOES. GINGfIAM>, EEB-il' IL, Dl;E~>
GOODS, TABLE DAMA~k<. Z II EElpT
KENTUCKY JEANS, rASsIMEi;ES. &c. e.:
which they are scllins ~ prices that cannot b.,
untcrsOd
Look at their extensive STOCK Il CLOTHING.
BOOTS, SHOES, HATS. e.: which The? an
selling very cheap.
l.. LiCIlTESSr%I., & Sons.
sr3 corner Seventeenth ami Franklin street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-11
VERMONT POLITICS.

Judge Luke 2. Poland, OF Vermont. is to
contest the seat of Justin s. Morrill, in the
United States Senate AT the approaching
session OF the Leg isaturc in that State.
Poland was elected a few DAYS ago to seat
in tho lower house Of the Vermont Legis-
latufe for the ayowed purpose OF being a
candidate to succeed Morrill,, and 1t is said
he is now trying, with good chance OF
success, to be elected Speaker in order to
increase his strength for The Senate.