The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-06-04

receiver vi mUuOy DOaho 6hNc ~
ceipt and to furnish for it the proper
stamp. This obligation, however, like
that of returning civil answer to q
proper question, is governed by the laws
of courtesy, and sanctioned by custom
instead of statute. 70 az "
The unconventional national banks
have failed or are in, process Of liqui-
dation, but their notes, being secured
by Government bonds, are still at par,
and in some instances premium is paid
for them by banks which have in view
the sanction of an increase of their own
cire ulation, and think that by holding
the notes of q suspended bank they can
secure an equivalents; but this 70, or 81
least shonld be, founded on erroneous
supposition venango National bsnk,
Franklin, Pa; Tennessee Nationai
Bank. Memphis, Tenn; First Nationai
Rank, Attica. N. Y; Fist National
Rank' Medina, N. Y; Efsi National
RANK Columbia, Mo-; First National
RANK Carsndelet, Mo-; Merchants Ma
tionai Bank, Washington, D. c. ,.o.
The Journal Of Commerce referring to
the status of business affairs says: The
month closes amid general depression
in nearly al branches Of trade and
commerce. 1t is probable that never
before, during this quarter of the CEN
fury, was there such universal suspen-
sion of business engagements and bust
ness activity, except in connection with
a monetary panic ora financial crisis.
We do not regard this pause as utterly
useless, and we are not without hope
that it may be productive of great good
to the country. While the expansion
continued, and all classes of values
seemed to be thereby enhanced, coun-
sci was wasted, even warnings were
disregarded, and lessons Of wisdom fell
upon listless ears. Tomorrow shall
be as this day and much more abund-
ant" was the thought in most hearts,
if the sentence was not heard on the
lip, and the whirl was too rapid for con-
sideration or sober reflection. The re-
volving wheel runs more slowly now,
and threatens to stop altogether. Those
who were maddest in the day OF ex-
element now question if their pros
perity was real. Not few would be
glad to have as much of their supposed
gains now in hand as would pay the
tax on what was reckoned as last years
income; and those whose apparent in
crease still remains intact are restless
and troubled about the future. We re-
call this description with view Of en-
couraging the respondent. Surely there
mast come no little good to the coun
try out of the sober thought born OF such
an hour of quiet and freedom from spec
ulative excitement. Sensible men OF
all parties are drawn much closer to-
gether in such u season; and measures
in which all but the unprincipled or
fanatical can agree, rise in importan ce
as it is seen that great material inter
ests depend on the issue, while mere
partisan questions shrink toward their
proper insignifcance. If this opportu-
nifty for sober thought is not wasted,
the day of unity, and consequent peace
and prosperity, will be all the nearer
for the interruption.
The money market continues mOder-
ately active, but the demand for capital
is little less urgent than yesterday, and
temporary loans are made upon accept
able securities at SAT per cent, mostly
sac per cent. for new contracts. First
class commercial paper is taken at Z per
cent. per annum discount, with but few
exceptions above and below this rate.