The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-12-02
FROM NEW YORK.
Registrntiou-Forge Arrested-WhV
the Firm Of sherwin g. Co, Failed
Sudden Death-The Report OF Sec
retary ucCulIoeh.

Esegistrntiou-Forge Arrested-Whl
the Firm Of sherwin g. Co, Fniled
Sudden Death-The Report OF Sec
rotary McCulloeh.
NEW YORK, November 3O.-ln the
various wards of the city 2o7 voters
were registered, which makes q total
with those registered at the beginning
of the month of 130,0U0.
William II. Dodge, manufacturer Of
chronometers, at No. 1872 South street
was arrested yesterday, charged With
forging the signature of William IL
Webb for check of $500, payable III
gold.
The failure of the young and enter
prising firm of Sherwin d Co. is ac'
counted for in two theories. First, that
it was caused by the fierce rivalry of A
T. Stewart & Co., who sold goods fOI
lower prices than Messrs. Shcrw:n "
Go. could buy them at; another, that
the three weeks delay in reftting the
old Maison Dore was fatal, the goods
previously bought having fallen SO
much in that time Us to cripple thcil
resources at the start. By the closing
of the firm nearly 800 persons are
thrown out of employment.
Henry N. P. Myer, for many years
cashier for Messrs. &. q. Gunther IL
Sons, died suddenly Thursday night.
The Tri5uue's special says: Secre-
tary McCulloch has finished his L port,
and copies will be sent tomorrow To
the different newspapers. The docu-
-ment, which is of considerable length,
referS TO the reports of the different
treasury bureaus, drawing from them
facts and figures in support of the
views advocated in his own report, and
celebrating upon them at great length
Mr.. McCulloch alludes to his earlier IL,
ports, going back to the time of his
nomination also, to the reports oI
Secretaries Chase and FeSscnden, and
in support OF his views and policy o
continuing to contract at the rate o.
four millions per month as provided 10y
law, he shows that there were months
when lie could have contracted thu
above amount, but RETAINED from do
ing so, because he did not think il
necessary or expedient.
He takes strong grounds against the
expansion, which, TO use his own Ian
guage, "would be ruin and lead to re.
pudiatiOn."
The views of General Butler and Mr.,
Stevens, and others, are commented on,
and the tendency of the results of the
different finance schemes, il carried
ont, are enlarged upon and contrasted
He interprets the law in reference to the
five-twenties rs binding the country t.
their payment in coin, principal and in
terest, and believes if this policy look
ing to their redemption i'll currency
shall be adopted, TIE effect will be dis
astrous. He states that he has sufficient
gold in the treasury to meet the demand
on the Government, and keep the mar
ket in check. He gives his reasons fol
not selling more gold and cndeavoring
to bring abont resumption in that way
that the spectators would buy NJ
all the gold tomorrow he cOult
offer, and then easily contrO
the market, and make the premiuI
higher than ever it has been. He be
lieves the Tribune's policy of resumption
would lead to an immediate crash il
business, which he hopes to avoid. He
comments at length on the Interna
Revenue Commissioners report and
gives his opinion that if the Inteura
Revenue department and the Treasury
department had sole control of the sys
TEN, the taxes would be fully collected
and ali end put to fraud and corruption
The Report has been read at Cabi-
net meeting for information and guild
ance of Mr.. Johnson, who has some tinan
cial views to propose in his forthcoming
message,