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

Stocks were reported dull in the noon dis
patches yesterday. Money is still close
Business is not Iivening up to the point
hoped for. There is semi-chronic condi.
ton Of stagnation throughout the country.
The tone of things is not as buoyant as II
II possible, on not only keeping up but acfri-
ally increasing the prevailing hesitation and
stagnation, by all the time talking about
specie payments, as If such a thing was posi-
BILE Until such talk Is thOroug bly, under
stood TO be utterly impracticable the appre-
tensions Of the public about shrinkage and
depreciation Will not be quieted. AS long as
business men are afraid that every dollar
they lay out Will be shorn ten. 1fteen or
twenty per mt, Of course they will hesitate
and hold back. But any one who will con-
suit the records of last summer Will see how
and now in regard 10 shrinkages and specie
payments. Ever since the close of the war. al
most, certain writer's have been holding specie
payments IN teTT0renI over the public. MI.
lions have thus been neeilessly sacrificed
and commerce and trade have been demon.
allied and made ttmid. Business has been
up and down out the volume of 1t is constant-
ly tending toward reduction. This state Of
things must not proceed too far. In specie
times II would correct itself by touching bot
tom at once and recommending again on a
clean sheet OF paper. But as things exist II
cannot touch bottom, for there is no such
deemabIe paper money era We may fancy
that we are about to reach IL, but IL Is all I'm
agtnation- We reach a qutcksand, a false
1CsIe@A1u
Action and reaction, up and down. elevation
and depression. must continue until we reach
future. and one that no man can So - SIe
forecast or compass now. Those who have
watched the tendencies Of things from season
to season for the last few years. especially
since the close Of the war have noticed shat
we are sure to be on the ascending scale eyeTy
brief spell, and then coFrespondingIy on the
descending scale. And every tmsduring the
latter periods there Is a class OF TaeopIe
who apparently never expect 70 see
the hnalIty has at last arrived II IS strange
th2t more Intelligent thong INT is not given 70
the whole subject. History IS but repeating
process that we see Is inevitable during q
paper money period. There can be no per-
feet P0iSe, no equilibrium, In the values OF
regulator. Imitation to-day and shTinkage
Tomorrow Is, 50 tos speak, anecsstty- vaIIes
atad or restrained by rumors and theories as
insu hsiantial as theytsre decepttye-
The speech which We published Yesterday
from George Francis Train, on the Finances
of the country, has created considerable re-
mark among thinking men East. Not As
weight On the part Of Train himself .sbut h.
cause OF the attention and apparent approfa-
is0n with which he was listened 70 BY the
New York broken"
The Cincinnati GGzeHe remarks in relation
to the quarterly statementsof the banks that
They are an on the safe side, 50 far as m
CARDS reserves, and show good pn0dts for
stockholders Deposits, as had been fore
Swallowed, are low. Most Of the banks II
Will be seen, are carrying q large amount OF
their means In Government securities thus
keeping nrm grip upon an element OF
strength. The aim OF our institutions Eener-
ally, has fo- q long time been 10 keep down
their discount hines, and the eject OF this Is
seen In the returns we puhlish-1
The Philadelphia Prsts, remarkilg upon
the same subject, observes that
The special EFFORTS made by the banks TO