Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-04-09
Financial Matters.

ulOuLu anu COuLlnuluB on throughout the
States of Rhode Island, Connecticut, Ohio,
Indiana, and where else elections have been
held, have given the patriotism of the ma
ton fresh impetus of faith, hope, expec-
tation and determination. As a conse-
quence the spectators and harpies and
jobbere aud all who feed on the public mis-
fortunes are down. They are rushing into
the markets to get rid of their bought up
monopolies and speculations before they
fade away in their grasp and bring them to
grief and bankruptcy.
The New York World, ofyesterday, has
financial article that, coming from such
rank Copperpead source as that sheet, is
at once joy and study to Union man.
Even that aiding aud abetting sympathi-
zers with dtsloyalty is forced, like BALKAN.
to Open.its mouth, and vent blessings upon
Israel instead of its whilom sneers and
maledictious. It's forced to the conclu.
sion that the signs of the times, in a fnan-
cial way, are exceedingly discouraging for
Copperheads. Here is its financial arti-
Gle:
The money market is easy at five to six
per cent. to frst-class borrowers, and six
per cent. in the general market. The pop
ular conversions into five twenty bonds
continue undated. The magnitude of
investments in government securities aud
the large receipts from customs and inter-
nal taxation, are rendering the return of
government to n specie standard for prices
more easy. If government receives from
any existing capital, either in the shape of
loans or taxes, two to three million dollars
per day in cash, this movement prevents
the new issue of the same amount of legal
tender notes, and thus the paper money
of the country is decreased. The high
credit of government and the investments
in o. S. securities are bringing US nearer
to specie standard for prices, and as a |
natural result the prices of all stocks, |
merchandise, produce, and other property |
will decline in proportion to the decrease |
of the paper money of the country.
The uncertainty as regards prices has |
creased exertions to get rid of their stocks. |
The dry goods men are always sharp as |
regards their own interest. The new phase |
Of affairs, the decline in gold and the pos
sible return to specie standard for prices. |
has stimulated them into increased exer. |
lions to get rid of their stocks. The World |
OF to-day contained over fourteen columns
oil dry goods advertisements, and the pres
sure OF dry goods advertising columns of |
the World exceeds everything in the moot
record of New York city. Onr reo5orS
Will do well to scrutinize our adver,isinc, |
columns, and they will collect there rnmc6
for reflection and probable profit. The Irv
Soous Aucnoneers are overwhelmed with
The demand for government securities
has induced number of firms to enter
largely into the business of selling them,
Ane unsettled state of the stock market
Eenuers government securities, as an in
Neslthent' tue very best in the market. be-
C"Ise sne interest IS certain to be paid in
because all railroad dividends arc r,a;5 =;
paper money, aud the State of New York
mas recently partially rcpudiated ito debit
oy paying the interest in legal tender notes
instead OF gold, to citizens who held ito
ponds. The State of New York has always
nl!nerto Kept faith with its creditors. and
tnis reputation is significant evidence al
tue generalization of the public mind nm
tue subject of national and State feb,s
under this view of affairs the povarnn,en.
oouos, as their interest is certain to he nai5
IN coin, are the very best securitv in the
market for United States citizens. bmt not
SO TO foreigners, because the State of Neyv
ORR pays the interest on its debt tn for.
eigners 10 coin aud to our own citizens in
lss"l Ienoer notes As far as cash is con-
SeEueu' IL IS more pleasant to be a foreign
CT Euan citizen OF the Uaited States. In
S s,sD. as foreigners receive gold from the
state of New York, and citizens LEGAL tor
DER notes. (lnF
Innate the value of a foreigner, in cash. AT
nifty to seventy per cent. more than that of
cltlzen hnctuating according to the price
OF gold. What foreigners, chiefly British
nave done to merit these favors, above cit.
l 2SL IS not apparent. Our legislators at
Albany and at Washington are sapacions |
meu' ana there IS no reason TO jonht that |
everything is all right es '1tN'
dolu IS declining, owing to the decrease |
OF paper money caused by the LARGE con- |
versions into five twenty bonds bv the |
puohc. The progress of our national
nnances Is going ahead on the most salts. |
factory basis, and Mr.. Chase, from natnrsl
causes, is on the high road toward specie |
pay me9ts' which mean lower prices for
eNeFy description of property in the conn |
Wy, lnc'uolng railway securities, dry goods. |
produce, and real estate. Senator Conl
molly and Mr.. Deans bill at Albanv T;II |
expedite this happy confluence of events
10 ortng down the pIices of everything in |
tne country. When we get to a snecie |
STANDARD stan for prices the mass of the peopIe |
VIII then be rich, because -four that IS INV
selling at $500 will then be $3.50. and
domestic prints now selling at twentv-siT
cents, and other articles that the nsonIe
consume will be in the same proportion
Mr. Chase is highly favored by circum.
stances IN his efforts to bring us back to a
specie standard of prices.