The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-03-28
MisceIInnenna

Aslight recovery in the New York gold and
stock market is indicated by the noon QUO
tations yesterday, and also in the prices OF
governments. Our dispatch quotes the latter
as follows: sos of o. at IOs; 81 at lO7I5 is
at l0I5<; new at l051s. IO-4Osis were quoted at
g7Js to s75s- Gold 1855.
Later dispatches will be found below.
The course Of sos has been gradually up-
ward in the London markers Tor some tiI55s.
past. There is a slowly Strengthening conn
dence in them abroad, notwfthStandInP onr
undesirable political situation. The return
OF MI teabody VIII possibly add to this
feeling, for he is a monied power in England
and his operations in our securities, hereto,
way for the financial crowd that is ALWAYS 50
prone to follow a successful man In the
meantime We have yet TO hear OF the effect
OF President Johnson's conversation" on the
European mind, when 1t is read in full II
Louis Napoleon was TO talk that way about
motion in the funds.
The Cincinnati Commercial notices an &C.
tive demand for the new 5-2O's in thai market
'trorn persons who are arranging their prop.
erty for the Assessors list that Is to froin
parties who wish TO invest for the time being
IN order 10 be able To swear out of their taxes
The Gdzet6 properly enough calls this a spe-
cleS OF moral perjury. And another Writer
adds that IAN investment that is not made
IN GOOD Ialth, ana as a bona fde investment
instead OF mere momentary dodge with the
expectation of speedy return to the status
quo, ought not To be allowed by the Assessor
And speaking OF State assessments we are
reminded that the Federal Assessors in
ing almost literally whom they may de-
YOUR. They will md different stale of
things this year from last, and the year be-
lore that. Ihe song that is beginning To be
heard Is Hard Times come again" They
will not ind money drug in the hands Of
store shop. They viii nnd that the oil fever
has sbsted and that the patient IS in q some
what comaioSe ats from excessive depletion.
II Is thought that our city district is about as
well raked and scraped by the Federal tsx
gstherers as any in the country, and nuch
more so than some in the larger cities. In
places like New York and PhiIadelphia the
Assessors are not 50 apt 10 know the particu-
lars oTindividual business ia their haiIiIrirlss
nor have they the same intimate personal
acquaintance. And often too said officers
are mere ward politicians, either incompe-
form themselves circumstaniially In regard
10 each tax payer. Not 30, however, with
our assoc esq Who II they err take good
few, for instance, believe that brother Pratt
presses down his screw 10 the full extent OF
his leverage, and thatit is not his fault II an
additional peg cannot be gained. of
this, however. no just complaint can be
officer has no discretion in the premises. He
must carry II out There certainly however
is a hardship in the fact that. perhaps, only
Oue district In a hundred is administer
ed in this way, Tor thereby that one bears the
burden oil large aggregate, since Just so
much tax must come from the country al
large.
The stoppage of oar Iron Mills for so long a
Perlod mas cut on considerable amount of
revenue 70 lhe government. Twenty-Five
cents on every key of nails counts up big in
the long run of busy season. The showing of
late. VIII be meager enough, and thus far
there IS no prospect of "betterment" as an
assessor would say. The question drumming
is indefinitely postponed, and demand and
supply are lett To night it out on their ancient
| line as best as they can,
We remarked yesterday, that more paper
Is Offering at the banks than they can do. 1t
must be remembered IN explanation of this
fact that the banking capital of Wheeling IS
I not what II used TO be under the old system .
The whole banking capital OF the Gity is
only about half its former proportions, and
this, too, notwithstanding 1t takes so
much more money to transact business
few years ago under a sus EN-
sion of specie Payments like the present
nearly double the accommodations would
have been possible. The requirements OF the
National system do not permit such an ex-
pansion OF credits, more especially the yery
latest amendments OF the system And Just
at TINS time, when money Il wanted more
than for some time past, the quarterly re-
I turns OF the banks are to be made up and
| they are obliged TO be safely mOored within
| their lines II is not to be supposed that the
| present stringency will last a great while.
And yet Il Is the part OF prudence for all con-
cerned, banks and borrower, 10 aim to do As
conservative business as possible. We have
had premonluons enough OF the effects Of
] forcing business in the way OF sales on credit.
/ The result is that the country retailers can
not make their collections from the people
/ The people have limited availabilities TO pay
with Just IT Present They are waiting for
! their crops After the stimulated consump-
4 ton Of the last several years the reaction has
l set in and II IS found that very decided re-
trenenments are nece=saryy owing 70 the ap-
probation Of money and the public tndtSpo-
sttion to spend 1t as before.
such papers as the New York Tribune are
forcing this condition OF things upon the
country prematurely by creating chronic
state Of semi-panic, under the belief that spe-
Gle resumption is almost imminent, when The
I fact Is that any attempt Of the kind would
bankrupt the Treasury and crush down
the business of the county II is the feeling
seduloDsiy fOsteTed BY such authorities Thai
I tsnow restraining en- terpTise in nearly eyerV
! department of industry, and throwing for
mer employees upon the necessity of eating
/ up their savings IN high priced living and al
/ the same time locking up the capital of the
eountrytn greenbacks aSths best Investment
This state OF things can not go on of course
Z for any great length of time The necessi-
I ues Of The government are great and must De
met Money must be unlocked and SET sdoat
I in order to meet them We are ~ tI1s oDin-
I ion that the revenue returns soon 10 Dc made
win Indicate very plainly thai the specie pay
and one 10 Be dropped vTitnout unneoessary
delay.