The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-03-25
FROuRrCHMOND.
The Prevailing Depresaion-The Pros
poets OF rrade---TheS state Debt---Ihe
Bill az IL Passed.

HG @@N = ~
poets oFTrade---The State Debt---The
Bill as IL Passed.
The Dispatch alludes to the fact that
1.-The four months past have been OPP
pressively dull" 1t says that ''the
weather, and the political condition of
the country, have combined to produce
this state OF commerce and business"
The winter was the severest they have
had over there for many years, and the
Spring, thus far, has been simply a con-
tinuance of the winters embargo upon
industry.
The Dispatch is hopeful that a change
will occur as soon as the weather be-
comes settled, the roads become hard,
and the farmers are enabled to trans
port produce. II also expresses the
opinion that ''the prospective political
status OF the country will assist in the
revival of enterprise and business. 1t
is now clear that certain things must
be done by the States, and in the inter
val in which these things are in pro-
gress of consummation, the States are
under the government of military au-
thOritieS that will preserve order and
security. This will inspire confidence,
and capital will be gradually invited
Men of mems will feel that the military
| period VIII be safe one, and that when
that Is removed, II will be succeeded
by the restored State government.
Though this feeling of confidence will
develop itself cautiously and gradual
~, IL Will so appear and grow, until
we are brought to u state of at least COM
parative prosperity.
ION these grounds we may expect
during the ensuing months of the pres
eut year to be considerably better of in
the way of business. During the past
two years there have been Il great many
capitalists visiting this city and the
State to find out objects for investment,
Many of them have been inclined to in
vest freely; but save in a very few cases
the condition of the country deferred
them from haZarding anything. These
persons may now find a safer ground
Tor operations, and we may expect some
additional stimulus to enterprise and
occupation from this source.
The DEPRESSION we have felt here has
been general. Such seasons OF apathy
are always followed by reactionary pe-
RODS. Though we cannot from our Sit
uatlon profit AS much from n revival
as the Northern States and cities, we
must nevertheless feel it IN some de-
gree
"The act OF the General Assembly to
pay the interest on the State debtor
yonI- per cent. of Unjust have IL good
effect in strengthening thecredit of Vir-
glnin. To see "a State so Frustrated by
war and every species of calamity,
using its best efforts to meet its obliga
lions is an example which should coui-
mand for her confidence and reliance.
as well as excite admiration. 1t should
be remembered that this act is passed
not only while the State is oppressed
with adversely, but while her own ex-
NEN IN
Legislature acts under the permission
of the military authority. 49,
Ihe effect upon the value OF State
bopds was very decided yesterday The
opening price was 3lG32, and it adj
vhnced rnpidly after the passage OF the
interest bill to 37j5; at which is closed.
The following is the bill as it finally
passed:
An act to ProVide for The payment of a
pol hon Of the interest upon The pubic
Passed March 2Ist, 1851
WHEREAS, From the immense loss
OF property sustained by this State in
the late war, 1t is found impossible un-
der present circumstances to pay full
interest on the public debt; and where
as 1t is the desire and purpose of the
General Assembly to make provision
for paying the same as fully as the re-
fore
l. BE IL enacted by The General ASseln-
6!y, That the accounting officers of the
treasury pay on the Ist day OF July,
1907, and january, 1865, two per cent.
interest upon the principal Of the
public debt of the State, exclu-
ding therefrom the bonds given
for interest on said debt, under the act
OF the General Assembly, passed 2d
March, 1866; that being the interest
which this State feels Obliged to paw,
until there Is a settlement of accounts
between this State and West Virginia.
=. Nothing in this act shall be CON
strued as intending to affect the consti-
tutional requirement providing for an
adjustment with the State OF West Vir-
Einia OF the proportion of the public
deot OF Virginia, proper to be borne by
giniR.
3. All necessary expenses incurred
In carrying out the provisions of this
ACT, shall be paid upon the warrant OF
tue Auditor OF public accounts, drawn
upon the public treasury out of anv
money therein not otherwise appropri-
ated.
5. This act shall be in force from its
passage.
The Richmond Times asks: "what
gentleman in Virginia can bring his
mind to bea candidate for negrovotesep
Lack OF candidates will be the last
thing to complain of.