The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-04-17
COMMERCIAL AND FINANCIAL.


The Messrs. Moore, editions of the KanawhR
Journal, announce themselves agents OF the
franklin Insurance Company OF Wheeling.
Work IS being pushed forward on the new
Rolling Mil at Bellair.
Adams Express stock quotes at So. Balti-
more q Ohio Is steady at lls1S. For Central
Ohio Is is bid.
The Pittsburgh on market s quiet but
steady. Sales Of crude at 4. Refined Is dull.
Standard white is worth sO5I9a; Free on is
quiet at 10 to q.
The Pittsburgh papers give conflicting re-
ports ofthe starns of the Slock-out'' or strike
up there. We quote from their issues Of yes
terIlAy the different comments. and pFint
them In another column.
Some stockholders in q National Bank at
Enfield. Connecticut, paid taxes on their
stock under protest, and win contest the IIsht
Of the State 70 levy the tax contrary to the
United States law. The latter, It viii be 10
membered, says that bank stock shall be
taxed where the bank Is located; the STATE
law, where the stock holders reside. The State
Will take the case up 70 the Supreme Court,
claiming that local taxation q q power re-
served TO the STATE, not delegated 70 the UNI
ted States.
There Is a probability that Governor ozles-
by will convene the Legislature Of Illinois
in special session. in order To pass q law for
the taxation Of National Bank stock held In
that State, In accordance With the recent de-
cision Of the United States Supreme Court,
rendering null and void the present Statute
for this purpose. Tazsf
The Marietta RegtGtT says; The arrange.
ments are about complete for The erection Of
an Iron Rolling MIL here, this season. 1t
win be located az Nile Run, between the rail-
road and the Ohio liver = 1fFi-t
The New. York Ee0nouliR, remsrklnR on
the failures Of 1865, concludes as follows
''The elements Of the crisis oflS57 were main
" these rthTee-e1eesslVe prices, excessive
credits, and exc, ssiye ockA. In 1857 Wemay
not be able 70 avoid excessive price. because
Of the reduudant currency; but he who holds
with respect % credits and speculative opera
to- &, the merchant ought 70, and can, TO q,
very large extent, control his own fate.H
EoahS Sunday Tina and New York
AsGsan0er makes the following comments on
the recent panieky feeling In that city:
sThere was something like a panic In the
70 me Eariike news nom EdFope ana otSsSE
causes. Stocks auctuated, aAfelI. and TcSs
again. Gold pGnurbemted like loves bosom
In = at OF Jealousy. Business came 70 q SOL
abaek and sat down 10 think. Capital but
toned up Its pockets and went home 70
ana QeStllL1Ai refused To do
Just what Britain demanded IN the Tornado
AMIR, and HollandiWas afraid 70 keep its en-
gAeement 70 cede the froptieF town OF Lux.
emburg 70 France LIST the PTussian garrison
which occupied u would decline 70 go, and
would hold the Dutch Tesp6nsibleI England
had no Intention 70 use gdnp0WdeF % con.
vince tbs Eiiliest and proudeSt, weakest and
most concetted Of all current potentates, the
pponlgAie Qeen Of Spain, that she must do
an act OF Justice, Wh6ther or n0s for that H.
centious mon1reh, sitting on her lettering
throneI5 fully aware that she must Yield and
d6siRnR TO do n a. e0oit ~ she ha6 exhausted
her tdIe Indignation. France and Prussia
have no wish 70 dlspoSe Of the tIl-feeliu f fhnf
suhststs betWeeu them by means otR eombaf
q l,JlttT1lee since both know that such q conn
hat EfnGyiiRble, bat nather - PREPARED 10
enter into Il ~ the present mnuaenk There
b an earnest race between them In the mat
tefnf tilAfpEeparation, and RhicheYeF hap
pens 70 % ready ina aERhcelWl 6onns hnd N
excuse for the blow, bot neither can nor vii
There wa no good relion f1f this panic.
therefore, aStheTe Is rarely q good neaSon tOf
any panIoEa panic being 3 mosf IN FeaSona-
bic thing; and sIfll the p4nie exercised mar
yellou8 elect on the money m1rietf lor cap
itaI i the most tgmid entity in the world and
always discsrns mountaiu or disorder IN
every moIehil Of apprehension. ByRndr by
tue f01tsn alarm viii s1uside. People VIII
begin tOdIseoEar that q var IN Europe would
bene1t -not nluTe-this country, by driving
capital htther I0r investment and increasing
loureEEIytng trlde On the ocean - mgrchlnt