The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-07-23
FINANCE AND TRADE
rinuucinl md CONNIE cinI itena..


The Franklin Insurance Company OF
Wheeling has declared u six per cent.
stock dividend on its capital, out OF the
savings for the last six months.
MONEY is still very easy in New YORK,
saws the Journal Of Commerce. The III
terror banks are all accommodating bal
apces here for use after little, making
n present extraordinary abundance in
our market. hut giving an intimation
of what is 70 como. There is also n
general iudisposition on the part OF bu-
siness men 70 engage in speculation.
Part of this is owing 10 their former ex-
perienrc, and their dread Of the near
futnre. ana part of il is due to our re-
neatcd warnings. In the meantime
there is none of the general insolvency
which many anticipated. On the whole,
confidence in mercantile solvency is in
creasiup instead of diminishing, and
the iudicious course of those who are
ENGAGED in trade has contributed to
this result. The Bankrupt Acthas pro-
duced a more excellent effect in the
steadiness of credit, fully justifying all
that we said in its favor, and falsifying
the predictions of it's enemies.
\ NEW we'll executed counterfeit Ten
dollar note Oh the Third National Bank
of Philadelphia, was noticed two or
three weeks ago as ill circulation Ill
Wheeling. The same description of
note will no doubt be industriously
pushed until information of their eXis-
tence becomes generally known. Banks,
bankers and those i'll the retail trade
generally should keep sharp look, out
when handling National bank bills OF
the denomination of ten dollars, as one
plate can be readily adapted to bills OF
the same denomination of any National
bank. and it is trick of the trade to
quickly alter the plate from the bank
ON which the counterfeit Is noticed, 10
some other: the attention being called
10 particular bill being awaited as
favorable opportunity to push another.
All fen dollar bills therefore should be
closely Scrutinized just now. Kenne-
dy'S Bank RerirW contains II minute de-
script!om of these conntericitS.
The Philadelphia Inquirer remarks
thar the small number of applicants for
the Bankrupt law in the principal At
lantic cities, has somewhat surprised
many. who expected that there would
he great anxiety to participate III the
advantages of the act manifested by
numerous persons.
Tn to within ten days there had only
been eleven voluntary applications OF
bankrupts III this city, and there was
no instance of a resort to the provisions
of the law. for the purpose of creating
! involuntary bankrupts. The first case
of the application of the involuntary
features Of the law which We have no.
ticed, is reported by telegraph from
South Carolina. In one case, banker
who had failed to meet his notes
at maturity, and continued four
other DAYS without making payment,
WAS declared To be an involuntary
| bankrupt, on the application of cred.
! itor. H. another case, one who Lad
made voluntary assignment in trust
for for the benefit of creditors, although
honestly intending TO provide for them
was also declared an involuntary bank
rapt. These cases are indications OF
what may happen to any one who is
careless of meeting his obligations. The
liabilities of all persons in business,
uuder this act, have been but little
studied. and every day in ordinary
/ transaction. there are. doubtless, in
stances of violations of the law b!
debtor and creditor, neither of whom
have yet come To understand the new
system. The sooner that avery one
makes himself acquainted with the
fact that the Bankrupt law will render
illegal many customs III business for
merly in vogue, the better 1t will be fol
all concerned.