Wilmington journal., 1874-01-02
COMMERCIAL. EpVTOA,

h'tsahdES j. -: l..
COMMERCIAL. EpTTON1 - Tho
holiday season which is upon }is. las
been added to ether Influences o1,era-
ting adversely to trade during the past
week. The volume of business has
been small, speculation }aS died out
IN the leading branches (which We no.
tl"e.; aS being on t!:o w;,nt in our last
and tie general disposition Of buyers
and sellers at the present is to wait
and see what the new year Will bring
forth The wear OF 1873 has taken its
pace IL the ages Of the past, and we
bid i Il long ''Co1nulercial farewell.
As We ciItcr upon the new yenr feeling
comes over us to look lack all see
what the commercial and financial i'll
tercsts OF the country have suffered.
The year has been trying one TO the
mercantile class, almost without ex-
ception, and we fear that in many cases,
| when the annual accounts are shown
up, that the balance Will be on the
wrong side Of the ledger. The dis
tre~sing effects Of the panic carries
| with It many strong and successful
! merchants who, crushed t. irreparabIe
ruin in il financial way, are now hoping
| that the new year will not be darhened
| by another cloud. The general dis
! position ot the business 1nen is cheer
! iul, and the future is looked forward
| to with interest, when finances viii be
| easy and the wheel Of commerce will
reyoive with successful rapidity. At
! this period Oi the year the mass OF the
| people arr, asking Congress for linan-
! cial reform, and the representative
| press Of the country are proposing
acHehirS oi every cii'Tactef looklhS 10
'iic fvi''r":' t'T :, 'sot7iioi when pre-
wis NO" Is 7ii.,ii We nave Ihii 'tloh or
COM ,t'ctlo-i' an. we :5i'c pace 10 an,
.f'lIl2 iI'i'' 'iit sL.i:liiiia'' '''''tf'ftFf'fs
4 =, y. 80 ..:i' st,'js:1
-, -. i'-"','T '.F Na'l',i'"i sia';iices,
tsit f'.''',3.'''i 'tt',S',"'A "l i3o ilo''t IS
Ii<t N....'i'Er "" f.''t.'s not 'soop' 2 net
/ tGE :, -a,}i- h"l "fa:'i'oL we SiaH after
u - 't.''l Ii.it .:'E ne worse.
- "'..'i 't.'e7t '''D
! -. r.,~o',,,i- i.4 r,11-: -
c>''.s '.-'.' 49,, -. ',,l,,s-tl i,oni 70
-! ~ =
- iI r.,lt .,,,,1,a-',
E'lo -, coy
cii''It7 u '''"''1oh, IIttit are some
-.
,''' ~, = - II!
| i1a'i"t'' pEe'"2,' tHs,S See c'sE'flS tia' II
! Is oppose" 10 'iio i'ts'' INTERESTS ana
iut'ifs' "tlii'1t - tilo eonli'rE' country out
'-Iei., a. ~ ;..a1 :; ~ -
Ifess VINO are ii't.iFS'ti ia N"'loiiai
b,n1hS' Ok "lio ,'7i!@'e III tiio popHi"f
i'ii3ts'ies' ''iS1 til1 iS7'1e % Ai"I" s:ee!i,
p'1AS oi N"t 1oii''i i'5inh -ioteS VIZ
maze ea7ttt iilo-ltS Ai'ths,7' liit' tL';''
! an advance III prices pfpoA"SS Wealth,
! tO tnI!c" the ieau OF more c&pcriehccd
! ana tllcGSn'Iui men on thl7 HHr}ecs.
! We Ano" tnat sho co"uti: rs i
Wilois j. oppose, 70 Soi-'i!',:,ioo oi
! tiie cui:thr., a.-ti We hSii';tS INHH iLi7
! masses Cl thc ltopiS "oti'd Iot Atp-
port any ieSis!atHfo measures II tt!at
! direction, therefore we nave D." doubt
that lHhatlon would pc popular, eS-
| peclaliy with the deDtor 'iass, and
there are coinpafaIlEelE le" people
| VINO could not claim 10 pcioN9 u tLat
class, therel9fc we say that Congress
i5 more likely to ln1i2to the currency
| tiiah 70 40 any ythlhg ejet: oaE i'9lpfe-
eentatlTeS VIII 90 what thc-f constltu-
| onts deEnand-t"r they ar, ret looking
ior ro-o!ectlon when their present
| terms q ONCE expire: lho current
OF events, too, IS carrying Us toward
imitation. We may as Vel assume 'st
olS9 ..i'. '-iS ~ - E'-''-'i'S;i -,
- $500 ',anotl, ~ aj3a.i - ~ :, ~ ,r7% "',I
- %r-. MN. ,,eaTry onn.1o,f ~ !
has l.eCn jsl1oi and mt INTO r;rcnIa-
t;0,, 2r,l H., ,.s,,,...in,lar will he before
H.. ,..,z-.,9-,es Of fItc Government viii
re.oye- sufficiently to stop the neces.
sitr fer drawing upon it IL meet the
current expenses of the Government,
and when once issued there will be the
sa1uc popular outcry against retiring
that amount from circulation that there
vas when Secretary 1fcC'uiIoch .Iii 50
before. and arrcni WIS made 20 Con
! c:rsar to stop Il. J'iicu ..e-ci:. li.o Comp
! trolicr 81 tic Currehcv ua-, ;.Ireaoy
Recommended !oCo:iCrcas +: authorize
th5 additional Issue cf go, Uf3o, coo II
Natiollal I;ank nnt4z, ai1,! -as ie IS il
sympathy with the National binLs :ili4
,conInlvHdi.tlorl :, drul,t!1-4 LLi,i..o ii
their InstiCat!on, o. nith TIE kno@;
ledge that they desired Il, and a. the
National Banks can control L majority
in Congress it seems certain that the
National Bank circulation viii be in
creased to that extent. Thus with
S44 900, 600 legal tenders and SO, ,000,
900 National Bank notes, VIC shall have
an initiation "f the currency Of ef9,
000, GOO.
"This is returning To- specie lny-
ments with a vengeance :!
We wish It clearly understood
that we are not in favor Of this
and do not believe that there
il anv necessity TOR it, but that
tba in1ications arc that such will be
the result of legislation on the curren-
90 Of tho preseUt session Of Conrress.
a,5 tboraforo h,1si,,..as men NAV take
. " nata If # aud act accordingly. The
nafnr9I res,1lC will be higher nrerni-
uIn on gold-or more properly speak