The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-08-06
FINANCE AND TRADE.
Financial and Commercial Items.


We were yesterday shown L bank
note of the denomination of one hun
dred dollars, purporting To bo issued by
the Central National Bank OF the city
of New York, which has been received
among other remittances from the West
by u business firm on Market street, and
which, OH being offered at the Phila-
delphia Bank, was refused. 1t was sub
sequcntly shown at DreXel 4 Co.'S, and
to the cashier of the Ledger establish
nlent. and by each and all was pro-
uounced counterfeit, though one so eX-
ccllcntly executed i'll detail "a to have
scarcely any one point SO de-
fectivc as to characterize II
To those noi thoroughly acquaint-
eel with paper money. Yet TO
experts III such matters, OF general APP
pcarancc alone, IL Is pronounced bad.
1t Is, so far rs we know, the first bill OF
this denomination on this particular
bank put in circulation, and it is one SO
well calculated 10 deceive, bankers,
brokers and others should keep a sharp
look out.-Phild. Ledger.
The Journal of Commerce for Saturday
says: There is some feeling manifested
among the banks because the Secretary
of the Treasury is paying off the ma-
turing compound interest notes in Ma
tional bank currency instead of green
backs. We have seen note dated ut
Utah, and issued under the shadow of
Brigham'S seragliu, which is said TO he
part of the currency thus employed; bat
we suppose this is joke, rs we do not
think the Secretary need go so far for
the pictures. While admitting the JUS
ticc of the demand for ordinary legal
tenders i'll payment of the compounds,
we do not blame Mr.. McCullOch partic-
ularly for the existing arrangement. If
the holders choose to accept the bank
currency without remOnstrauce, why
should he trouble himself to look
farther? We nave very little SYM
pathy tor he man who tamely ac-
ceptS less than he knows to be his
due, aud then grumbles at the imposi-
ton. II the New York, Philadelphia
and Boston bankers were to ask Mr..
McCulloch to give them grccnbacks he
would doubtless accede to their wishes
at once, and they might he saved from
the uncumplimcntary utteranceS i'll re-
latiun To the Secretary which are now
so common i'll bank parlors. Even as it
is, the trouble is not great. Those who
choose can quietly thrust out the cur
reIcy utah goes rs well rs anything
else, since the pictures are quite as well
done,) and easily collect again the
necessary legal tender reserve. There
was a time when the Treasury would of
itself have determined what is right in
the premises, but the former things
have passed away.
We make the following extract from
the Philadelphia -ige:
We have not, however, the most re-
mote idea that this is a permanent inl-
provement. There ;tre still some two or
three weeks of hot weather To be passed
through, during which any exertion
will be next To impossible, and for that
period OF time we must battle with the
present liStlcSs and inactive condition
Of things as best we NAY. The eS-
perience oi' yesterday i'll monetary mat
ters goes To prove that We are not yet
entirely "out of the woods, n least not
sufficiently TO "hallo" very loudly. In
| the coarse of business il became neces-
sary for the State Treasurer To call upou
| the several depos!taIieS to pay M,
and consequently our city banks were
drawn upon heavily. This produced IA
| demand Oh the part of those institu-
tons for the payment al loans on call.
| The effect ot thcSr movements was
much greater strmgency, which may
continue for some time. There have
been likewise two or three failures of
late, and though they may be traced tn
causes ontside III Regular business, still
they have Il tendency Ia nnlnnge con-
! iitlence. Perfect trust is Il plant of
slow growth. and even when i com
menc0ment has been made in tIt.t di-
rectiou, al occasional! jar viii ITodnce
unpleasant results. Sui, We think All
Improvement i'll that regard Is pclcept-
IDLE, and though WE may n"; have at
tanned To the perfect uay, Irr >irug-
gllnS mp 10 the light.
In money there Is more .Inquiry, which
Is, however not accompanied hy any
chahge IN the rates - interest. p..c-
ties whose credit is approved, ~" anb.
To negotiate loans "u call at 40 pIr
cent. ON Sorennnent securities, a..d "a
5a6 per cent. on INSTALLATIONS ,i,cks.
Bank offerings are larger, but still III.
amonnt is not large. Commercial M