Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1854-10-24
HdltoEihl oorresponaenoo.
1sdi8 CiNclsNArl, October 22d. 1854.

,NanIo .CiNclHNATl OctoOtt S<u' 1904
The business appearance Of this city has very
considerably improved since my visit here in Sep
TENDER last The wharf, even thOushlnEge boats
cannot run, looks active, os ills iammed with boats
of oil sizes, the smaller ones with steam up, aud
ready fpf anything, aud the larger ones apparent
" hopefully waiting the "lrouLling Of The wa
ters," and determined TO hold their place, and
each be the fTst to enter the pool Of business,
which Is beginning to stir The river is low, but
passble foT sleEn-wheels und small size sidewheel
steamers, and a rise is anKiously looked for, OF
rather rTophessd from the indications Of rain
which the lowering clouds have furnished during
to-day. tits raining hard tGis evening, and the
knowing predict long rain from omens too numeT-
ousto mention, ullol which have observed fail
in dry weather. much feor that such will be
their fate upon The present occasion.
The continued drought, want Of conscience in
the brokers' with other Oyencies, have produced
greaiptsssuTe here in monetary matters upon oil
classes, and ultimately upon the brokers' them
selves, Their run up-p the Indiana Banks hes
deprived them Of currency for common business,
while they cannot afford to pay depOsitOTs except
in specie, purchased alta premium. Besides this
they have. mahy Of them, dabbled in stocks with
deposition money, and although their per cents.
have been enormous, Il have heard Of four per
cent per month In one lnslance) and their chance
Of gain almost certain, yet they have realized the
fact that no per cent. can compensate fOE the fall
uTe to pay regular business aud necessary Trade
demands. The consequence Is that several have
"let down" and their failure is rePuIed TO be "hea'
wy" very decided run woS made upon Ellis
aud SluTgeS on Thursday and for The greater part
Of the day some thousands Of persons fllel the
street opposite their ba..k, many to draw their de.
posts, more TO witness the operation. The bank
erS took the matter with opPursnt coolRess, didnOI
appoint an d6titIaht Pdyiug out teller, and il was
generally thought that The regular had never been
50 slow in bis manipulslions as on that day. The
closing hour came, and there lie wts sill counting
out and apparently unconceIned, aud The crowd
had to dispense, many unpaid because unreached
and many ashamed Of their fright. BY morning
The Bank was full Of money, many Of tile eager
crowd Of the day before failed tOTsturn, tie coun-
iry people were almost The only unusual customs
ep, (having Just got the news,) and befole even
ing their deposits ror the day exceeded their pay
ments at the counter All was quiet on yesteG-
day, and thus they have rest and retire viclors
from the contest, which bore down some OF their
weaker brethren. Bul the end is not yet. ] he
business pressure proper is YET in the future.
During the whole summer, manufacturers having
been producing, while they have been utterly un.
able to ship, and in order TO continue their work
they have literally exhausted their credit and have
now but little left them TO go upon other than &C.
cePtances upon promised shipments, with the
prospect Of plenty Of bills when the river Tises--
But the main question is, where will the money
come from then. Can tue Banks Of the county
then ford them new dscOunisl II so, why Is II
that the best paper is selling the streets at from
one TO three per cent. month"; Certainly the
banks will hnrdly have more money then than nOlO,
end tie necessary consequence is that The real
pressure will be os hard upon the real business
men for the six months next succeeding their sales,
or in othet words until Tie maturity Of the six
months hocsptances which they receive for their
pIoJd6ls, tsit las Leen for alew months past.
unless they can Obtain discounts on them at the
place Of thtiT acceptance. The banks Of the
mnnuiacturHgIegon are already depleted to fur
uish the means for summer business, and their
available power will Le small until their funds
now IN tie manufactured material is t5lutned by
sig months payments, TO circulate ogain at hOme'
The necessary RESULT therefore is, that The seller
will nave to shorten his credit. He must discount
for cash OF lie will ihd it hard to maintain his cree
dit, bsuoh find to be the impression of some Of
the best business men here. The ten dollar for
eign note law is disregarded almost entirely here.
Everybody lnkes them, and everybody pays them
out DC they have them)i and this law, like our
foolish smalnoie law in Virginia Tor the adyoca-
cyof,whiob our Wheeling bankers have paid so
denTlY) u found TO be mere trosh and idle legiSa.
ton, destitute Of wisdom, uncallsd for by sound
principle end originating in the tinkering pIopen'
sites Of legislative apes who have read of NeokeT
and hope 10 excel him. II will be long ere our
Virginia Solons discover that "thst form Of gov
eminent is best which governs least" ami that il
is worse than idle to legiSale againt popular ant
and popular necessity. They have thus for and
will continue 50 70 fail as long as they continue 10
pervsrt the purposes Of their election, which are
tvmaks such laws, and such only, as the interest
and s1igsneiss Of the people require.
p.
P. S,TTheTe is no way OF leaving this place
Sunday Is there is no connection at Columbus
With the Central BY the way the Central runs
the meanes, cars from Cambridge TO zuneWille l
ever sat in, worse than sl1ge seat It is 10 be
hoped they will not keep this up when they have
such good cars on the other end. Neither the
Genital nor tue train from COlumbusto Cincinnati
have sleeping cars, and the passenger feels sensi-
r t.0.t., al.
Baltimore aud Ohio Railroad iEoul these oOnye-
nienees.
sala NEWS EXTRAORDINARY.
ROlOuaue Declares War ngnInBI the United
Siuteg-sHllinE Of n powerful squadron