The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1866-01-16
Ma. CAMpnRLI TARn, State Treasu.

rer, returned home day or two since
from his visit to Richmond. He does
not bring us any good news as tosthe
progress of unionism In thatcity.. Mr.
TAR found The atmosphere Of the late
rebel capital very chilly and very in
hospitable as regards its loyalty. In
stead of an Improvement upon This
experiences as amember ofIthe eonven-
ton in 1861, he found positive deterio-
ration. Even. those whom he and other
Union men were accustomed to regard
as unwilling submitters to the rebel re-
gime during he@rebellion, as for I'M
stance such men as Baldwin, he found
to have lapsed so far into willing COM
plicity with and responsibility for the
rebellion, that, they might aswell now
be regarded as chief sinners as mere
secondaries. gus
In all the principal towns of Virginia,
and throughout the South, the expert
ences of Mr.. Tarr at Richmond are the
experiences of travellers generally.
Mr.. VIM. Ware Peck, a distinguished
legal gentleman of New York, now
stopping for a few days in the city, and
who has been South, through the States
OF. Tennessee, Georgia and Alabama
since July last, reports just such obser-
in any semblance OF, Unionism reported
in heseStates. In fact, hesays, that even
the semblance is wanting. The vast
majority make no other profession than
that of " hatred to the id Yankee, and
the did niggerp ~ They couple the two
together in the same breath, and wish
both the same position in the sulphur
Gus regions. s .5.5l
The tone of the last received Rich
mond Republic, the only paper in the
CITY that pretends TO Unionism, is quite
Respondent. Speaking Of the elections
In the Legislature, that were completed
on Friday last by turning out the last
Union subordinate OF Governor Pier
point, the Republic says:
"At time when relations of entire
harmony and confidence are SO neces-
sary, and were SO happily existing be-
tween the Federal and S ate Executives,
the Legislature of Virginia, with ia
tuity as inexplicable as wanton,
breaks up the subsisting organization
of the Virginia Government and places
in il men whom the President, the
Governor and the country know only
by their identification with the rebel
lion. This action has naturally pro-
duced the utmost amaZement at Wash
ington and throughout the coCntry."la
THE principal feature in the bust
ness record of the Eastern cities last
week was the decline in gold, and the
accompanying decline in stocks and
many articles of trade. The lowest fig
ure made for many months (I3G) was
reached in gold. Among the more in
fuential reasons in bringing about this
decline are the increasing demand in
the European markets for our Ameri-
can securities Mt improved prices, tho
payment of the January gold interest
on Government bonds, -aniounting to
some $4,000, OOO,-the .disinclination on
the part Of the public to buy except for
primary wants, and the very general
expectation and belief that Congress
will assist Secretary McCulloch in his
efforts to restore the national finances
to IA sound and healthy basis. The is
sue of coin certificates through the sub
treasury at New York proves of very
great convenience to importers, and
places material check upon the pow
erof the Spectators to control the mar
ket and the prices. A step towards fl
nancial action has been taken in the
House of Representatives by the intro
duction of bill by Mr.. Morrill,, of
Vermont, authorizing the Secretary OF
the Treasury to fund all the more inn
mediate liabilities of the Government
with bonds having not more than forty
years to run, and bearing o per cent.
gold interest ifpayable in-this country,
and per cent. il payable in Europe.
Noaction has yet been taken upon the
bill; but favorable action isanticipated
at least so fur as will enable the secre-
tary to fund some portion of the short
obligations ofthe government. The bill
confers almost unlimited power upon
the Secretary of the, Treasury, giving
him authority to fund or borrow when
ever he secs fit. Mr.. McCulloch, we
believe, can safely be trusted with such
authority. but we may not always be as
fortunate us at present in our financial
Secretary, and must alegislnte for the
future as we'll as the present. A6 per
cent. loan forthe' purpose of fiuding the
compound interest notes, certificates of
indebtedness and outstanding claims
would be popular with the people, and
would be tnken no faster than the state
| of the money market would warrant,
thus avoiding all sudden and excessive
stringency in the market. A long per
cent. loan would undoubtedly be opu-
lar in Europe, as tho European capital
lists are getting to have some faith in our
national solvency, but all the loans
necessary can just as we'll be taken
at home, and it will be better for the
Government that they should be. 1t
will be bad enough when the five-twen-
ties mature to pay, equity Englishmen
one hundred dollars in coin for bonds
which cost them only from forty to six
ty-fVedollars, besides yielding them all
the while much larger rate of interest
than they could possibly have obtained
in any other why. Before any decisive
action Is taken there will doubtless be n
multitude of propositions placed before
Congress, but the indications are favor
able for such assistance to Secretary
McCullochi ms VIII enable us at no dis
t0ut day TO begin to think about and
move towards u return TO the specie
paying basis.
JOHN LIVINGSTON, ESQ, OF, New York
city, furnishes us with the Information
that the whole number OF lawyers in
the United States and the Territories, is
%, l4s. OF these, sl4 are not engaged in
tho active duties of their profession, for
the reason that they occupy judicial
positions; and 1903 have retired from,
or are not in the practice, generally be-
eanse etI1nloved in other nnrS1ifs. ssn