Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1857-10-10
THE Nrws Ell TuE MAnS.-For long time

The NEws ET the MAus.-Fn- long time
previous 10 taking rp our pen 10 Tvritc out this
resume or digest Of the current topics OF the
day, We have been looking through piles of ex-
changes to ascertain first and foremost what was
the latest feeling in thu money world East and
vest, especially east it's gioomy-tbO pulse
beats low, the PAPERS, even the papers. talk des-
PaiTinsly, some Of them almost franticsIly. In
New York the tone of the papers is not fstter-
ing. Such talk as Toe following makes one feel
chilly:
The pressure for Money is undated among
the merchants, aud 10 particularly felt in meeting
bills not under discount at bank Only few
select names have currency with the outside
discount people, and these 20 at the extraTa.
CANT terms Of 30aSG per cent. per aupun,-
The oxeitangcs irnproTO but slowly.
The Philadelphia papers speaks as follows:
Tho money market is without any new fea.
trEe to-day, aud prime paper goes slow, the
best n7rnca only passing at lia2 per cent por
month.
The present Bank crisis is leading 10 gene.
rl discussion Of tho Banking systen,,-and the
current is running for moro enlarged specie
bAsis, for further limitation Of discounts, and
sgairst small Bills, under $40 OF 900 The "
Y. 'Conrie''' has this ricu:
'I 4 limitation of bank circulation Of tilres
dollars for one Of specie.
II. No bills under Eve dollars, fer the present;
and none under twenty dollars after January.
1859.
III. Loans on call to be limited to i've I.er
cent Of capital
". Long credits to be relinquiShed b. our
importers and jobhers; TO s months to be cub
stituted for TO months
No l,suz IN h.
pAnits except III extreme cases; no Railroad
Company eau be well managed whose cxpendi.
lures exceed their receipts
VI. Abolish the usury Laws, and lei monry
be free between the borrower aud lender"
The talk Of one of tho Pittsburgh papers
sounds peculiarly, aud squints worry much Of
crash ere long up there among some OF their
business men. "But sufficient unto the day, is
the evil thereof" All these things arc bound to
have an end. All our readers will probably re.
member the reply of tho philosopher to tho
monarch, who desired some sentence easily rc-
menbered, that would always alleviate the pres.
sure Of calamity, and check tue exuberancc Of
prosperity. This too shnll pass away was the
chosen motto. We know OF none other 80 ex.
actlV adapted to the present state Of CONNER
ciAl affairs.
Latest adviccs from Havana state that sugars
have still further declined, and that holders will
lose heavily, though the amount Of the fall is
not mentioned.
General Hitchcock is out in reply to Pill
lows severe Letter This is two apiece now
The Pillow and Hitchcock controversy has now
run to such length of words, that the public
cannot take the time to read all they write about
the Mexican War Pillow abuses Hitchcock
terribly.
The New York Journal ar G0mn,crcs has
a curious paragraph in some rcmarks upon the
present crisis. We cannot resist inserting it in
this connection. 1t says:
Is there any magic in the number sEvET?-
The years 1917, ~, '37, Al, and 81 have been
remarkable for their financial rcvulsions the al
ternate decades being the most severe, until SUI
perStitious people have come to regard the seven
M an unlucISy number, and u it is supposed
will round tho history with most convincing
illustration. In the former periods of disaster,
however, there was some method in the general
madness, some tangible cauSc for the prevailing
dis1uiet There was panic, It is true, but the
danger had ~ local haGitAtion and name,
or II a phantom, it took personal form, and
was believed 10 be real and the danger imminent.
Noe, there is TO eXcuso for fright
TnB Washington Union is opening its batter
les upon tho suspended banks, and denies that
their suspension is any relief whatever to the
people. It says that they should not escape
the natural consequences Of their condition"
In the political world, not muchis doing. Tho
return in the papers indicate that the elections
IN Georgia have resulted in the general success
of tho Democratic ticket Tho Republican pa.
pers in Ohio are sanguine of success.