Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1854-10-24
From tho Cincinnati Gazette OF Saturday.
and nnnirnatninl

Monetary and Commercial.
FRIDAY, p, M.-rhiId street presented a com.
naTatiyey quiet appearance to-day. The run on
the Banking houses Of Ellis & StuTges aud the Cit.
liens Bonk, was discontinued by l2O'olook. ABl
soon as denOsilots becnme satisfied tinl they could
not break their bankers, they concluded 10 lei
their money remain, This trial of strength will
increase confidence In these houses, and matters
viii now settle down aud we may look Tor ain nn.
pToyenent in money annH. There has bsen
lutge influx OF currency within Tue last two days,
and bankers will pay this out, instead Of retaining
LIT 10 lorlily themselves, as they have been doug
for several days pastlOr il is iaCl that the excite
manI that has been experienced was luily lDuCi
| pated
| John S. Dye having as we ale inf lmvd, re-
ported by Telegraph 10 voTlous llnEls Of the O9un
Try, the failure OF several houses, with reference
to which there hos not beeu The shadow. Of suSpi.
cion, we will capituale The failures tint have Ia.
ken plaoe-NewnoTG Safely Fund llank--p. y,
Mauclester's-oiio Savings Bapk, ailll 0utcallI
& Co. These ate the only IaluIes, and we may
add that no lurlher trouble is aPpEehended'
Some CT p. h. Memberships deposliors made
hostile demonstrations towards him on Main street
this afternoon, but he escaped Wy taking refuge III
one Of the adjacent stores John S. Dye was also
assaulted In his Office, from which be escaped.--
There is feeling OF The deepest indignation In
the community with reference to The latter ind-
| Vidual.
Exchange wOs more steady to-day, and bankers
checks were ipTem,
Ct this morning;
TleEs was quite large meeting Of our citizens
ct the court house last evening, convened IN puff
suAnOe of call In the Courier Of Yesterday morn.
ing. A feeling Of lie proper SORT pelyudes OUT
community with reference TO The recent warfare
against the banks OF lndiuun' We annex tue pro-
| ceedngs; saf-rh sHHt
~. t,.,iing NJ the cIizens of Louis.
VILE, In regard 10 the currency VI the Free Hanks
Of Indiana, Mayor Speed wnS called to The char,
Iand Colonel j seph MttoalIe appointed SeCEelhfy.
AlleI few renaTksiIom Mt. Speed Col, Metcalle,
and MIR. Mus Gilman, II was
| RsSVlpsd, That committee oil six be appointed
to report preamble aud resolutions 10 a meeting
lp he called at lie COuIl House next Wednesday
evening, TO eXpieSs the feeling Ol the community
in record TO tue CURRENCY now circulated in our
CITY. The Chair appointed II. ID. Newcomb, DR.,
i W. Lee White, Birch Musselman, Col, Meicalle,
r. a. Strader, Dol, II. w. Gibson, said committee.
JAS. S. SPEED, ChpiEnaL.
Jos. MRTcALTE, Secretary.
Tue New York Tribune, Of Thursday, says
The Stock market has not cen very active to.
day, but quotations ate well suslained Al The
Second Board, with nlodemie business, the mar.
ket was slgady-ihs flncies, geneiully closing ut a
slight advance on yesterdays prices. W.
In Exchange the business Tor The steamer has
been fair, but quotations. ere not 6Im. SleTlug,
9a9l. Flames S6nSjaO;ll4. .utay
The New York Times Of Thursday says.
The British steamer Canada carried out TO day
1884,, 900, Of v hich over 100000 was IN Mexican
silver, transferred f;om The steamer Cqhawba, OF.
rived from New Orleans yesterday and 100000
In gold princinaly out OF the banks. There was
alsO paid ont 100000 OF more for Boston end the
West, It's expected that tile ne1t speoie aveIa-
yes will he somewhat lower, but the evident in.
crease In The supply Of ROIeigl Bills, noticed at
New Orleans as well Os in llns market, and The
near approach Of The next California packet, re-
lieYes present anxiety as TO the further export oil
Gold liT the remainder Of October The coseness
Ol monty nialIS, Which continues TO DC remarked
in mercantile oltGles aud among the money end'
eTs ~ Wall street, appears TO grow IN consideFn
ble measure OIL Of The Bank EMBELLISHMENTS Of
tile West, aud tue general disposition 10 scDn tile
Bank movement Of the city. The former have
not only intelleTed with the ordinary Foil cOllec.
tons which ought, from the lnFge amount due
Tom The interior, TO enable our merchants 10 meet
theiTpayments easily; but the Bankers themselves
Il have become large borrowers IN this market TneY
first lean on their ctHespOndenIsus heaYilyas they
date do without incuIting protest, aud then Dor
row on The State Stocks, which lley have been
using q basis of circulation until the ciIcula'
ton has been forced home upon Them. ~ @
II has been quite evident, too, for some time
past and The IrSllt is now practically felt, that
number Of our recently established City Banks
have been virtual borrowers instead OF lenders VI
money paying eXlTavOgUnl inlv[tst upon County
Bank balances Savings Deposits, &C., 6nd IN turn
lending to the parties who originated their estab.
lishmeniS, and who were influenced by the hope OF
facilities two or three fold gTenieT than tie Stock
which they managed 10 subscribe aud in some
way pay up lur TO set the machine in notion The
evil is now gradually correcting itself, and among
Tue really substantial Banks belonging to lle
1 IhpTa IL N ntt 10
reform, Os a measure Of common prudence due 10
the system.
In regard 10 the arrangements concluded Of the
Railroad Convention held at Columbus, Ohio,
some weeks since. the Pittsburgh Gazette says;
ave waive the very important question us to
the legality OF such coeTcive combination as they
huve attempted to create between separate and
independent corporations, with tue remark that
Similar combination between individual carriers OH
the Pennsylvania Canal has been decided by the
COutts Of Penusylvunia to be illegal and criminal.
The Louisville Journal Of Friday saysi
The announcement Yesterday, Of the suspen-
sion Of The Kentucky Trust Con pAny, aud tile re-.
lusal of the notes OF the Connersyille and Albany
Banks, threw fresh dSlTust oil anlhe Indiana Free
Banks and everybody was 0iEald to touch it,
Currency continues very scarce. In Exchange
there is no elteTalionj EasleIn lai prem. and New
Oheans ial premium.
The PiOvsiOn market is extraordinary dull, aud
1t has depressing effect on hogs. The crop mu.
ny think, will turn out muohbelteT than surpo-
sed. The top Of the market now seems to be-
$3.50 net, while some Ors talking even Of 81.
The st. Louis Inellgencet Of tuesday SAYS
Grain is rather droopngin price. Lots Of fnit
Wheat were sold yesterday at Sl;2lul:26. Corn,
mixed, Mt CSC. Oats SSa39c. Barley sli60. Su-
petfne Plour city mills, 1925. Whisky, small
lot SOC. Spirits ruTpenline, 80 barrels at 66o.
Coffee, 100 sacks at eltj16. x. .. MOasses, 100
bbls. (cusl) lsc,
PLURGLITY OF wvEs.-EldeI jas. Mcknight
writes long letter 10 the Cleveland PlaindsalsT,