The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-19
FINANCE AND TRADE.
Financial and Commercial.

| UVVu oAcu uriuS SlVVV
egon.
Awoman owns the biggest brewery
in Dubuque, Iowa.
Des Moines, Iowa, has slaughtered
about 1000 hogs so far.
The statistics of the traffic over the
Atlantic telegraph cable show large
increase of business since the reduc ton
of tolls last September. The income
for the month of November has been
$500 per day.
Texas is beginning to turn her mill
lions of beeves to fine account. That
State now has fifty beef packing estab-
lishments. The Galveston Ne,eS says {:
Victoria, Texas, is favored both with
a factory for the making of glue soap
and neatsfoot oil. and a beef packing
establishment. 1t is one of tho best
signs of the times that similar estab-
lishments, or new factories of the same
kind, are so rapidly springihg into op.
GRAFTON all over the State"
From Mack, the Enquirer's Washington spe.
cial.
TIE FINANCIAL OUTLOOK.
The struggle of the session will be en-
finances, but there is no definite kuowl-
edge yet as to what shape it will take,
and the mystery must remain until 1t
is known what the great political Mrs.
Grundy - who wears shOulder-straps
CIV
about it. Meantime, the country is
drifting toward bankruptcy through
extravagant expenditures, and the lit
tie doubt that has hung over the ulti-
Uate certainty of reputation as work
of necessity and mercy, is gradually be-
ing removed. The early resumption OF
specie payments, which Congress seems
determined to insist upon, is the Pan
Handle route to reputation. 1t TANKS
all conscientious scruples by the force
of necessity-aud achieves by q single
act of Congress what else might take
| long years to accomplish. Look at the
prospect for the coming fiscal year.
| They stand thus: The estimated expen-
SEES will not fall a dollar short of
three hundred and fifty millions.
have good Republican authority fer the
assertion that they will exceed that
amount by twenty-five millions, and
NAV foot up us high as four hundred
millions. II is not hard to count the
items. To start with, we have hun
dred and thirty millions i'll gold for in
terest on the public debt. The army
will cost hundred millions-a pretty
large sum when it is considered that we
are at peace with al the world and the
rest of mankind, except few unotfend-
iug Indians, against whom Military
Genius insists on wagiDg periodical
butchercs. Then put down about sixty
millions for pleasure excursions, under
the auspices of the Navy Department.
Then We have an army of civil officers,
hungry and dishonest, and equal to the
depletion Of any moderate-sized Ma
tional Treasury, and, last, but not least
and a debt that ought To be, and
must be paid-thirty millions for pen
sions. The reader may exercise his
arithmetical powers over this In sum
of simple addition, and find out, if he
can, how my figures can be gainsayed.
| So much for the eXpenSes-but how
about the receipts! In all human preb-
ability the internal, eternal and eXter'
nal taxes will not yield two hundred
and fifty millions, leaving prospective
deficit of more than hundred millions,
and increasing the national debt by that
amount, instead of reducing it, as we
are SO often and SO falsely told is being
done. Ii is easy to gable about ma
! tioual honor ana national faith, but it
. lA Of In n
| by their wastcful expenditures render
honesty impossible and convert honor
! into a joke, to read lectures to Demo
| Gratis about the invIOabiiity of the pub
| lie credit. Public credit is no more in
violable than private credit, and tho
nation that recklessly SqUandCrs its re-
sources can no more meet its obliga-
tons than the individual who spends
his last dollar at the gaming table.
| 1t seems to be the peculiar and in
aliemable privilege of every American
citiZen-including A. ito propose Al
way for tho payment of the public debt.
| need not recount the many devices
already put forth. The best and mo st
practicable of them WAS insanely voted
down at the November elections. My
own opinion is, that two years from
now the NEST popular mode of dealing
with the National blessing" will be
through the cheap and patriotic form
of vote of thanks 1t will certainly
be acceptable to the bondholders, who
are all patriots, and love their country
beyond everything else, to be paid of
in this way. In fact, if there is any
thing which true Radical holds as
above all price, it is the thanks of Con-
gress. So, let them have neatly.en-
CROSSED resolution passed with great
form aud ceremony, declaring that the
nation owes them an everlasting debt
of gratitpde-and let gratitude take
the place of gold and greenbacks III
their loyal hearts and money-chests.