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The Daily Dispatch: March 23, 1861., [Electronic resource] | 1 | 1 | Browse | Search |
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The Daily Dispatch: March 2, 1864., [Electronic resource], The currency bill. (search)
The currency bill.
--A member of Congress informs us that the following were some of the figures and estimates at Richmond:
Amount of currency out in millions, 800; of which there is in 100s, 239; interest bearing treasury notes funded by the act, 102; estimate of notes lost and destroyed, 50; thirty-three per cent tax on remainder, 136--527.
Currency after 1st April, 273--that is to say, 273 millions reckoning at 66 on the dollar.
The tax act, it was thought, would produce 350 millions, an excess of 111 millions over the amount of 100s afloat.
Upon this statement it will be evident that money is going to be comparatively very tight.
In a short time it must be worth double what it is now; or, in other words, prices must tumble.
The policy of everybody, therefore, is to sell now while prices are high.
There'll be profitable use for every dollar.--Macon Telegraph.
The Daily Dispatch: March 10, 1864., [Electronic resource], Promotions. (search)
The Case of Fords.
--The petition which has been circulated and numerously signed in this city asking of Governor Smith the pardon of Robert S. Forde, recently convicted and sentenced to the penitentiary for the murder of Robert E Dixon, has been presented and strongly urged upon the favorable consideration of the Governor by some of Forde's friends; but he has refused to have anything to do with the matter till it has been taken to the Court of Appeals.
Since its presentation the counsel for the condemned man has made a motion before the Supreme Court for a new trial, but that body refused to accede to the motion.
A writ of error was awarded, however, which is to be argued upon its merits on the 1st of April, after which the decision of the Court of Appeals will be given whether a new trial will be granted.
The Daily Dispatch: March 28, 1864., [Electronic resource], Old currency. (search)
Old currency.
--Every man who owns a four per cent bond has made 33⅓ per cent, aside from the contingent profit that may accrue from holding the bond.
Let our people bear this fact in mind, and invest all they can in the new securities.--Thoughtless people may suppose that because the present currency is to be taxed 33⅓ per cent.
after the 1st of April, it is therefore depreciated.
Such is not the case.
Every outstanding note to-day is more valuable than ever before, for the simple reason that if funded in season it commences thereafter to bear interest, which it does not at the present time.
Hence it is a wise provision of the Government which, while seeking to diminish a redundant circulation not only protects the holders of its currency, but actually pays a profit to every individual who avails himself of the benefit of the funding act.--Carolinia
The Daily Dispatch: April 4, 1864., [Electronic resource], The importance of raising sorghum. (search)
The Daily Dispatch: April 6, 1864., [Electronic resource], Rapid Contraction. (search)
Rapid Contraction.
--that the passage of the our currency bill, Feb. 17th, 1864, the Bank of the city of Petersburg was indebted to its individual depositors largely over three millions of dollars, and carrying probably the heaviest discount line if has had during the past three years, with its deposits received at the counter of the Bank running as high as seven hundred thousand dollars per day. On the 1st of April the whole indebtedness to depositors was discharged, done principally by election of the depositors, leaving but a small amount to be funded at the Bank. --Petersburg (Va.) Express.
Brief and to the Point.
--Proclamation by Abe Lincoln:
"Louisiana is a free State." (Signed) Abe Lincoln. (Countersigned)N. P. Banks. Endorsement on the Proclamation. "Disapproved." (Signed)E. Kirby Smith. Cane Creek, April 1.
The Daily Dispatch: May 10, 1864., [Electronic resource], The movement on Richmond --two more Repulses of the enemy by Gen Lee — affairs on the Southside — feint at Drewry's Bluff — fight expected near Petersburg Today — the Central Railroad Tapped, &c, &c. (search)