Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-10-02
The Suspension aud the Government Funds.

dollars instead of the fifty sixty millions which san
gune distributonsts pictured out likely to fill the
government Golfers to bursting with money locked up
from the general business of the country. Under the
panic restricting mportations, andthe reduction of the
Tariff lessening the proporonate amount collected, we
feel assured that the quantity of specie remaining in the
vaults of the treasury the 1s day of July 1885, be
ing the commencement of the next fiscal year, will be no
more than prudence would demand. Some money must
be kept at the nnts and assay offices, for the prompt
redemption of gold sent to be coined. Some fund-a
small one we admit ought to be kept for contingencies
and when this DONE there will be next to nothing left
for distribution or deposit.
Surely the example of 1897 is not so encouraging
to suce the country into the of distribution
deposit under the plea Of relieving the public distress
It true the crash of 1887 different from the pre-
sent one as it also true that complicated and
intensified by the influences of causes which do not
exist but we have yet to learn that either avert
ed mtigatel by resort to the mistaken palliative of
deposit. The worst after that measure had gone
into operation and the country continued disturbed and
unsound for long years.
The efforts of panicmongers to institute parallel be-
tween the present condition of the country and that
sting in 1887 are simply preposerous There is now
country rich and substantially prosperous. The crops
are good and will bring money into the country. I'M
1887 the country was in actual Distress importing the
very food necessary to sustain her people, while her sta
pies for export bore very low price in European mar
kets According to the official statistics of the Treasury
Department the amount of specie in the country must
be over two hundred millions of dollars and indeed the
best informed satscians place the amount three
Al.
that amount.
The cry for distribution kindred measures, is all
Buncombe 1t could amount to little nothing at any
rate us we have endeavored to show; and besides,
months must elapse before the takeof relief could be
realized from that Better, far better for the
country to meet the thing at oncebanish all fears de-
spondence, useless panics and disrusts-put the thing
through manfuly, and, by exertion and economy the
panic will be subdued and the pressure removed, long
before the eeemosynay dribets from the treasury would
have time to percoate into the minute channels oftrade
No Run on TIE SAVINGS BANK.-We are happy
to say that our friend Wiley A. Walker Bookk keeper,
Secretary, etc, etc, of this institution, is calm
summers morning. and has not been troubled by the
panic The savings of the community just about now,
don't amount to enough to require the employment of
will not suspend. No. sir, it won't
CLOSING SToRBs.-We understand that several Of the
Merchants on Front and Market street have mutually
agreed to close their stores at O'clock from and after
this date for the purpose of aoring their clerks time
for recreation and opportunity for improvement. We
, presume this movement will be general.
B6g- Union county subscribes 100000 to the Will
Ivniu ITO 4 NIL ford Rai
; From the Beaufort Journal-Extra.
Destructive Fire.
, BEAUFORT, Sept. 25.-At Il o'clock last night Oul
citizens aroused from their sumbers by the alarm
of fire. and flames issuing from the kitchen
the premises of Mr. E. M. Dudley; and before any as
sisance could be rendered. the kitchen was in one
pile blaze and the fire had connected with the large
e commodious dwelling of Mr.. Dudley and the ktche1
and outhouses of Mr. Josiah F. Bell all of which wer
burned to the ground. By the almost superhuman ex
ertions of the people the dwelling house of Mr. Bell wa
a saved It fire several times but by the energ
of the workers. and with the aid of the salt water
X finally saved.
~ The wind was blowing, at the commencement of tn
fire. from the north and it the opinion of ALL at on
time that the greater portion of the town would be con
sumed Great flakes of fire. and perfect storm ofspark
k showered all the houses south of the burning
buildings and 1t required the utmost vigilance keep
" under control. The three story building of Dr. KIM
IL was several times fire, as well the hotel of Nh
Taylor, but was put out after much exertion
H. Too much credit cannot be awarded to Messrs Ur
" shur, W. Rumley, JAS Rumey, Jr, Walker Birth
~ Adams Styron, Morse, Squggins High, and severa
en- others who not only worked like troopers, bnt pere
of their lives to the houses which in the
10 imminent danger. Every citizen, believe, lent
~ helping hand in removing goods and in extinguishin
OF the flames and it only by their united exeron tina
= the conhagration was finally checked.
m The furniture of both Mr.. Dudley and Mr.. Bell wa
IT, removed from the dwelling houses, though much of
m was considerable damaged All the property that wa
. in the kitchens and Outhouses consumed with til
tn buildings Despairng of arrcsting the confagraton
ar persons who had property in houses south of the burnn
o. building had it removed to safe quarters.
The loss falls heaviest on Mr. Dudley and is estimate
to be about $4,000 Mr.. Bells loss about 81 900, viii
et the loss Of Others caused by removal and breakagc
IN swell the amount to about $4,000.
This has been the most disastrous fire that has evt
!, occurred here and the only one that has broke OF
IN consumed houses and the buildings contiguous thereto
lily being wooden structures-it is marvel that the fl
did not spread over the entire block.
! The fire thought to be the work of ncendiar
i0 We informed that there had been no fire in Il
IN building from which the flames first issued for sever
TX days
wv P S. Owing to the arrangement of our Office havi1
~ had materials removed for safety we will not
able to issue the Journal next week 1t will be ss,
lat regularly each week thereafter.
The Philadelphia Banks Seeking Relief from, +,
he Penalties OF suspension-(:o1 Po1iocI ~ "s,,
of tation with their Committee-The New York az
Boston Banl<s-Thelr Position, &c,
re- PHILADELPHIA, Sept. 27.--There is nothing definite
settled upon by the banks here yet and thew are I'M
ICE BILE to accomplish unanimity of action Gov Polio
NIL Is In town. and was met by committee last night wi
made application to him to convene an extra session
DIG the Legislature to enact measures for saving the han
Ire from the penalties of SUSPENSION and for relieving