The Daily Dispatch: March 2, 1864., [Electronic resource], The currency bill.

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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 2, 1864. Richmond Dispatch. 2 pages. by Cowardin & Hammersley. Richmond. March 2, 1864. microfilm. Ann Arbor, Mi : Proquest. 1 microfilm reel ; 35 mm.

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The Daily Dispatch: March 2, 1864., [Electronic resource]

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The currency bill.