The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-07-30

Expenses including ,,,,,,
taxes ........-.----.- oIti'ooO -''-''-'
Net earnings .s3,37I.99I sl,469, l2a
;,,nJ '' 9sgC4u 2IO.754
Paid Pittsburgh Il. CO, 209Ols ........
Dividend fund. Sl,l76,9E :l,21j afs
Stock on which diVi' -.,
dends were paid. 9,s3ioOO iO'6s1'9io
The Boston TrHreler says: NOtwlth
standing the large amount of spare
funds lying fallOw, in prohtless idle
ness CORDED up in huge stacks of paper
bundles. and patiently waiting for some
thing to do), it is, nevertheless, almost
impossible for any one to obtain need
fnl accommodation on discounts, either
for short or long periods Of time, with
out offering the names OF precursors
whose credit is undoubtcd, or collateral
pledges that are estimated as being be-
You'd pcradventure in point of safety.
Capitalists and institutions prefer, and
perhaps wisely, to cry over their unpro-
ductive balances rather than cry after
them, which efforts for their recall,
should it SO happen may prove to he
truitlesS. There are numerous borrow
crs, of rather sanguinc temperament,
who would eagerly take all the money
they could get from lenders disposed to
stand the recipients risk, but such are
not accountable; while those who are
perfectly responsible are furnished with
all they require, ON discounts at SIX and
~ hNFn
4 correspondent inquiries how far the
credits of jubbers to country merchants
has been extended during the past year.
We cannot answer except i'll general
terms, but from our knowledge of the
business we should say that the conduct
of this trade, on the whole, had been
extremely prudent. For II while after
the gloomiest period of the war the
only sales to the country were for cash.
This was afterwards extended to thirty
days, and in practice the country buyer
often takes sixty days, and even three
months in which to make payment.
During the last year the regular six
months credit has been given again to
many of the best-knOwn customers. But
this has been by no means so general as
10 lead to any embarrassment. COllec-
tions for the thirty and sixty day sales
have been made in some cases with diff
ticulty, and remittances from the interi-
or have been made with far less
promptncss than previously for several
years. No house here, however, will
suffer who can show q clear balance on
the right side of the ledger. 1t is not u
time such rs has been known in the his
tory of trade when solvent concerns
have been cornered and gone down to
Insolvency for want of u little judicious
aid. All the concerns which have fail
ell this season have been driven to sns
pension because n fair valuation of
their assets did not furnish proof Of SOL
vency sufficient to Justify their continu
ance in business. There is no panic, no
pressure, and no difficulty in obtaining
credit OH any reasonable foundation.
The Financial Chronicle contains long
column of figures Of the Indebtedness of
the principle cities in 1860 and 1861,
h;.h o,soso ,h,, fo,,ow;,n
i'o"' "n''" VIZ 'o"'''"'' '"' '"'''""S
interesting summary: In the list,
which includes fifteen cities, Baltimore
,nn.ors :, lo.5 h.r J.h, hs;,a NJ tho
"PP'"' y" '"' ''
rate OF S'l % per hea" ol Inc P"pnia-
ton. Boston follows, owing 500 80 per
head: San Francisco owes Sol 81: Phi:a-
d.,nbi, is newt OWING s,6 - ,.r head.
~ ~. e,c o,' -,
Ne" 10TH owes $40 S"' l-ou'S''l'e' 4i
Is; Brooklyn, S33 Al; st. Lanis, S27 62;
Chicago, Sc %. The ratio of indie ted
,or hooa h,. ro0, ,,r,o,,. ;,o.0.,,
nv po Iscs vc;th Sss1 - NJ
w., - It, . b. r;0an fran' 81
Sen - s,s ~ ~ ISee. IN phiIadsIr,h;a :,
.ooo ~ 2i1 '' ~ 20 ~ lnt a''tue' pnia
. rIses isoi.. ~ go 20 -, - ;o o M Dai
tlinore from $50 ~ 10 s9l as; III 3oston
Cincinnati, it has decreased: in Chicago
it has risen tom $40 Is to SO 90.
In ShlcaSo the taxes have been most
mnii;c ;mnrox@ncr," i 1Ht S1 lbs TIA