The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-05-27
COMMERCIAL AND FINANCIAL.

sTHE teleeFaphic financial quotations
from New York still continue TO show
aheavY, unsettled; and Somewhat de-
moralized feeling. The burden of the
comments made by the money writer's
is, that capital finds itself In a state of
embarrassing hesitation. having no
opinions worthy OF reliance as to t6e
future course ofthe money market. In
the West currency is working easier
than for some. tipeSpRst. The clncin-
natl Gazette reports the offerings of
good paper in that city very light. 1t
also says that
yThe banks are strongI having been
engaged in strengthening themselves
for some time past, and their position
Is better than It has. been at any pre-
vions period In the last year. All sol
vent merchants have also been
strengthening themselves with a
view to Independence as regards
money; and hence the comparative
scarcity of of prime paper. This being
the situation, the condition ofthe money
market, upon the revival of business,
may be readily foretold, and we shall
have u sharp improvement in trade
whenever the people Rrrivetat the con-
clusion that the crops will turn out
we'll. The prevailing depression Is the
result of apprehension in regard to the
crops. 1t is not caused by scarcity OF
money. Thslatter wonld be abundant
If people were disposed to use it. 1t is
apparently scarce because it is stagnant.
Il is also TO be remarked, in consider
ing the future Of the money market,
that during the current year at least,
there Will be no further contraction of
the currency. The condition of the
revenue IS such that the Secretary of
the Treasury cannot retire greenbacks,
II he were so disposed; and an easy
money market will be deemed essen
tial TO the success of the funding opera
tons that are in progress. It Is strue
that money Is now abundant and cheap
in New York; but this Is an unhealthy
ease, resulting from the cause of de-
preston throughout the country. With
the removal of this cause. money Will
not be so plenty in New York, but it
will be more abundant in the hands of
the people.
The weather to-day, was very fine,
with indications of warmer and more
seasonRble temperature. AdVices in re-
gard to wheat and fruit continue favor
able. Warm weather is needed to bring
the corn forward. aitt- fa-5f.g3 ,-isF5T
A number Of clerks have been wri-
ting to the New York Journal Of com-
merce on the subject of theitinsufic
remuneration, and urging IT to write an
appeal in their behalf. The editor re-
spends: v.I1..
tTTt 20 t,, -, tfLLot +h,., ,,,s- = ,-,....
are more poorly paid than any others
in the country. Many a common la
borer whose service is wholly physical,
and who performs his task almost
without intelligence, receives higher
compensation than is given TO an ac-
tive, educated, intellectual man, in the
prime of his 1ifR, who deyotes half as
many more hours TO his employers in
terest. Much Of this inadequate remu.
neration Is due to a want of proper
onsideration on the part of principals.
II their business is successful, they adj
init their prosperity, but find their ex-
penses so great that they cannot see the
need of being more liberal to their half
starved clerks. Willie all the articles
of consumption, whether they are
classed as necessaries, comforts, or
Injuries, have advanced in price,
and the wages OF mechanics and
laborers, fees of professional men,
and almost all other forms of oompen.
sation, have met a Corresponding in
crease, the salaries of clerks have prob
ably averaged less in proportion than
is given to any other employment. a
want OF thought, as we have said, must
account for much of this; but some of
1t is due to the feeling on the part of
even prosperous business men that
their success is unreal and to be short
lived, and that for this reason 1t is un-
desirable to advance materially the
standard of clerk hire. The clerks do
not realize the difficulties connected
with such an advance. A merchant
may hire a carpenter this week at 81 per
day, next week at IS per day, and the
week after at IS, if these changes are
warranted by The labor market, without
embarrassment. But a clerk advanced
from two thousand to twenty hun
dred dollars cannot be cut down so we'll,
even II such retrenchment should be
necessary to- his employers success.
To avoid this difi6utty many of our
business men, have added a handsome
per centage to the pay. of their clerks,
to enable them to make both ends meet;
andIit Is worth while for all, to ask
themselves what duty they may have
in this respect, TO those whoafs In their
employ, and are struggling with want