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The Daily Dispatch: August 31, 1861., [Electronic resource] 2 0 Browse Search
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The Daily Dispatch: August 31, 1861., [Electronic resource], The Treasury notes and the Banks. (search)
s or Government stock, the amounts to be taken in the notes of the lending Banks, and the repayment to be made in Treasury notes of smaller denominations, as soon as issues of such notes can be made from approved plates. The rate of interest proposed for those advancing is five per cent per annum. The sums tendered by the Banks, we understand, are not only liberal, but large. They have the highest confidence in the security which the Government will give; and they cheerfully meet the common desire that our cause should suffer no embarrassment. We cannot but doubt that the Banks of the interior of our State, and the banks of other States, will be equally ready and liberal. Messrs. Charles M. Furman, Jacob K. Sass and Stephen D. Robinson were appointed by the Banks a committee to proceed to Richmond to confer with the Secretary, and arrange the details of the measure. They left Charleston on Friday evening last, and are no doubt now in Richmond.-- Charleston Courier.