The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-03-20
COMMERCIAL AND FINANCIAL.


AtSeeIIRneOus-
Cleveland and Pittsburgh railroad Will pay
. dividend OF per cent on April 9th next.
The announcement has not created = spe-
eiAl demand for the stock, 90 mice" APP
PssrS TO be SmelIed.
Its earnings this year. so far as we have
seen them published, show a falling OF.
Stin the ROAD l. more valuable now as =
substantial concern than II any former Pc
rioi.
Tne Pennsylvania HOUSE OF Representa-
uves passed = bill 10 inpose a tax OF zen cents
or transportation companies
II West Virginia i'm posed 8 tax of this sort
on the Baltimore and Ohio company It would
yield nice revenue 10 the State. But in
stead Of more tax, the proposition is to throw
away the amount already coming to rs.
A contributor to the Philadelphia Ledge.
purPortinE TO be prominent bank oficer,
aives the following suggestions sS TO how a
Board OF Bank Directors may exercise proper
vigilance IN the care of their trust:
II. Divide the Board of Directors Into two
committees.
u Let these committees, alternately, once
month al least, 90 to the bank 81 O'Clock,
Without notice 10 the President, Cashier or
any body else. and count the cash.
-. Twice a year at least. lst the whole
Board examine the entire aGsets thoroughly
and make detailed report from their
minutes
-. Let the discounted paper and notes de-
paIiied for collection be examined in part
OCCASIONALLY, without notice, say, take any
day or any week OF days, and. with the
The paper described.
5. Do the same with regard to other sScu-
rtties and investments of the bank
-, Rotate the Individual Letizcr Book
keeper quarterly, by drawing lots. and II
there b. no other way OF chanEing the Gem
eru Ledger book-keeper, include MIN in the
rotation OF the Individual Led gers
-. Don't let any man stay IN any one po-
unit Tor o.her positions in the bank.
y once q year at least insist on every
mans taking holiday, and while absent
.. PAY employees literally.
40. When you are sure any one il living
charge him"
The ,ditor Of the Bank Vote Reporter pro
poses the follElnE plan 10 secure an early
return 10 specie payments:
/ Contract Just 100000 per month Of the
greeno1cEs- RatSs this amount by selling
Jast 300 eno1Sh' month after month. TO pro-
:. Push forward the funding of the --sOs
into sos, limiting the funding notes INST ma
81, 10000 of the trst Issue on outstanding, After
that make no dtscriu nation
) Use the $1,000 90 OF per cent certih-
Gates recently authorized IN exchange Tor
c2mpound-interest notes, giving the holders
OF notes maturing this year The preference
abiding by the rule OF "frSt come, drst
served"
4. Use all the surplus currently on hand.
nom time TO time aftef keeping 8 fair work
and compounds.
5. If, b. the management Of 80. and COM
pounds, and payments demanded, the Treas
my gets short of money, then iSsue CLs TI1J-
Hotsss e Ttitlcd e. 10 the extent, II needed, Of
then, If more money should be wanted, issue
temporary debt obligation under the act OF
March 3. ls6s, that being the act under which
the F-SOs and compounds were both issued
In hat act Is the power TO issue new notes In
exchange for notes redeemed. We KiTe the
wording OF the Rct on this point:
And 10 lien OF any amount OF said Treas
ury noie5 deemed or paid At maturity, the
secretary may issue an equal amount OF otu-
er Treasury Notes"
The power l. perfect IN the hands OF the
Secretary 70 issue both Clearing .ROtlss Certif-
e1tss and Understanding Zrear1ss1y Notes.
The only restriction Is, that they shall not
run more than three yean nor bear more
much shorter, AMI bear rs much lower nate
upon.
This would be our financial char n, ,bs
Jaw now stands; and being a contractfouist
put nOn-resumptiobisLw We do not zee how
the law can De improved. Were We 10 E1IS-
gest law for Resumption. We should say cal
on the National Banks 70 return per eent Of
their currency. This would cOnIrsct nm
mutonss and leave that OutstAndtnz pettEr
eeeured.. Give pOEer to the Secretary 10
issue temporary loan certificates In exchange
Iot gold principal ana interest PAYABLE IA
gold Authorize 4 Temporary loan IN Euronf
against which to draw IN case of need TS1n,
~ !, 81 17,ISs egal lender and pretend
of the Sub-TreASuiy In this city. This would
give specie Das u Tor The whole country. and
stla leave all the gold where 1t ought 70 H..
and by paying odT per csaI In gold for gold
thecnauces sSe fhErrhe Government would
nave Two EundIed millions OF gold In the
7
Inc new Revenue act provides that the In
come tax shall be levied on and after the lSt
of March, and be due and payable on or h.
fore the 18th day OF April ia each year, until
and including the year $50, and no longer
and 10 any sum annually due and unpaid
after the SJth Of April, and for ten days after
notice and demand by the collector fhere
shall re levied in addition the sum ~ s T,..r
cent on the amount unpaid, ana fnterest Al
ne rae OF per cent. per month from the
c-pt from the estates OF deceased, Insane. or
insolysnt persons. As the ssse4SSoTS viii Re
and tEsineomes for the year 1875 must b-paid
not LITER than the 18th Of May, 70 avoid The
per cent penalty and one per cent. per
OF this provision OF the Law. and be pFepared
10 make prompt payment The most fjIrt5rf
step to = reduction OF prizes Is the If,Sseriy1g
or taxation. By the exemption or iI,S[,-oss
under one thousand dollars, the great Ty,uJor
" o. operAiiNes VIII be relieved from that
description OF tax, and ny the eouaIiEttioo
OF the tax a. nve per cent on ali tneomss
ABOVE one thousand dolsars much has ben
4ecOin pllshed towards n decline in al pFics \
ne ,SoEeInflef1tr that put on the tax max
ing higher prices necessary 10 meet ne nav.
ment naS taken The initiative step In the op-
pos-te direction Il wall no doubt be followed
down ATd as Its opposite action WAS followed
upward Properly owners with les tar can
auord 10 take les rent; the manufacsu er
setlng his raw material cheaper can sell tiis
ware lower the farmer being sfrnflarIy We
llsyed. VIII correspond nEly lessen the price
OF hiS nour, and The OPP rafiye, buyfus All
that ne e4iE, wears and uses al lower isiIreg
can JON In The general movement without
diminishing the nome comforts OF his family
Inc true fenedy for high pE7ces !. b-oacned
IN reducing national taxes, and II followed
up D. states, cities and towns, we shall ere
long rescn old-lime prizes, and probably, at