The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-03-16

City Trade-.-DEy GoOds--Fort WAYNE
RaiIrOad..IThe National Debt.---A
New York Gas COmpany--NntIonaI
Bank StOcIEs---ERstern Trade-Inter-
nal ReVenue-Our Securities Abroad
---Insurance MaItera--RaiIrOad and
Express Stocks.
The general business of the city continues
dull. One cause of it is the stoppage OF the
Iron mills. The merchants are generally re-
| eeivlng their spring stocks, especially in the
dry goods line, and are opening out some
tempting displays OF fancy and staple goods.
Their stocks have been bought low for the
most part Wooden goods more especially.
One merchant yesterday Informed us that
sassimeres for which he paid during the war
q ., he bought this spring for one dollar. We
ought TO get suits OF wooden clothes now for
about old fashioned prices.
Concerning the dry goods trade In New
York, our advices last night, by mail, are 10
the following effect:
In the department of dry goods vi. notice
more ill, actiSily, both among the commission
merchants and jObbeTS. There are a humber
OF merchants here alTeRdy, and the priucipal
cities OF the West are well represented Rly-
purchase to supply their Immediate wants
and the trade Is IN a very healthy Condition.
mere Il general indispo>itlon TO overtrade in
any direction, and hence the business Is
mostly in small way. but the aggregate is
Iulte l5rSe. standard cotton goods, say
6leacheoi, brown and printed are firrn, but In
1erlor makes ara dun and prices rule in favor
OF The buyer. The stock OF woolens Is large
and only really desirable styles go on n
heavy. The decision of the treasure NJ
paItment, that all goods in bond, Imported
come in under the old duty, naturaiIS tiiSa n,
points holders, and the advance thai was
hardware merchants there are more o69d ~
earnest. k0N- a.
The traffic OF the Fort Wayne road for
February shows an increase OF SO 600.
The great question of the present 1av q
shall We extlngpish our national deI,i n.
the sake OF posterity - and many ansv,sr
that posterity should do its own extinguish-
|. The Manhattan Gas Company of Nev
York, under Limitation In its charter. Is
se s 2 as al = 80 per 1909 cubic feet This
gas Is manufactured out OF coal, and costs. al
the present lime, 80 cents peT bushei. Ths
stock Of the company IS worth sou per cent.
The supreme Court of Ohio have decided
that snaIeS OF National Bank stock are CON
stdered as property amenRble 10 assess6sTt
Tor taxation under State authority, without
soiIeuleht Ior such part of the stock as may
oe invested IN Government bonds
says the New York Shippino List. Trada
continues ftful, and. the whole slow. This
Is the burthen of the reports in nearly all
branches of business. High prices, resulting
from enormous taxes, National, State and
Auhiclp-I' hecess tTily restrict consumption:
anu Ine volume of trade is, for the most part
p9Sed upon the necessities of the TnomsDt'
the dulineSs being ItensI1ed by the uncer::
AMY o. Congressional action. Relief must
come sooner or later in the shape of REDUCED
taxation, and the adoption or some indi-
clous, put decided, policy touching the Ma
tonal hnnnceS-
The amendments TO the Internal Revenue
law take effect on and after March ., 1867. ex-
eept the Clause allowing extra compensation
10 ASSESSORS, Which is TO apply to the whole
month OF March, and, therefore, takes effect
on the LIST instant. The reduction in taxe.
begins nom the % OF March, and all exernp-
1 Ia date from the morning OF that day.
N haI,a 3 We understand it, and coincides
we oeHeIe, win the views OF the depart
ment ut Washington. The Income tar no.
70 , 6e returned upon the Incomes OF last year
VIII De pald according 10 the new law One
thousand dollars thus returned ts s1ennpt
and all above that pays a uniform rate on
PfSEeSSn t. me returns must now be made In
SlaIch lnstead OF Nay, as under the old law.
Inc circular Of a foreign exchange house in
New York (Wotherspoon & Coz contains the
following remarks in reference TO the large
amount OF our public securities held in En-
rope. and the cause of their low price there
in comparison with other stocks bearing a
lower rate of interest, as for instance consols.
which carry only per cent.
-Concurriug In the opinion OF the Secre-
d2FI ma asis me s 6oowing Of money by means
mitigated evil for this country, We would 1
gladly De instrumental In putting stop 70 i
the practice bnt our creed does not allow us 1
70 appropriate merits from works OF supe:er- 4
o2ailon; and when we see the "lJ-4Js' the /
only United States bonds Of which tho pin I
cipai and Interest are by law expressly made /
payable in gold. selling here at homo IN New
YORK at discount OF 30 Per cent; IN gold, 1t Is 4
needless To look further for the cause OF the 4
loE prices OF United States bonds in Europe 1
Under q recent decision, an instrument
which operates as the renewal OF a policy of
Insurance IS subject 20 the stamp tax as Inc
policy itself Dut such reeeipt as is usuaIIv
given for The payment of the monthly. QUAR- |
teTiy, or animal premium, Il not a nensyral /
within the meaning of the sLatuta The nay
ment simply prevents the policy from eInir-
Ing, by reason OF non-performailce or its Nm,
ditionS receipt given for such a payment
rsq uirS a two-csnt stamp only. But when
the time OF payment has passed aud a teufisI
OF the premium Is not sufficient 20 bind ne
company, Out 4 new policy or a new Contract
OF some Iorrn- with the mutually eSsentiai 10
every contract, becomes necessary between
the insurer and theinsured, the same a1nount
OF sLainps should be uSed as that REQUIRED
~ POI 1 ne original policy. A permit used by a
-ttS i ance company, changing the terms
y = Rotey q 70 travel, residence, occupation
-, suoulo De stamped as contract or agree
New York aIvices report the following in
regard TO the condition OF the stock market /