The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-25
Business Suits
-t'LtEi - lstB
AT
= 30
M. GUTMAN & cos,

At meeting of the citizens of Min
neapolis and st. Anthony, Minnesota,
on Wednesday evening, the Lake Su-
perior, st. Anthony Falls and MinnGso-
ia River Airline Railroad company was
organized, with capital of 81 500, 600.
The proposed airline will run from a
point near White Bear Lake TO Shake
pee, with a branch to st. Peter. A
board of fifteen directors was elected,
embracing some of the leading men OF
Minneapolis, st. Anthony, st Peter, &c.
The Provisional Government of Spain
has published a budget, which shows
the position of the treasury, more iex ,
actly than it has been exposed under
the monarchy for many years. TIE or
binary revenue is about S89,000,QO0; the
ordinary expenditure slO6, O0O,O 900; leav-
ing an annual deficit of some Sl7 ,C0O,-
600. The debt is more than 81 900, 000,-
600, or much more, in proportion to the
resources of the country, than that of
the United States. On the other hand,
the estates of the crown and of the
church, which will be available for
public purposes, will meet all the extra.
ordinary demands for the present, and
it is thought that an honest administra-
ton of the treasury, with some i'm
provements in taxation, will bring up
the revenue to Sl2O, 10000 00at least.
Secretary McCulloch, if he is not a
corrupt. officer, is certainly having an
amount. of odium unjustly hcaped on
his head that few public functionaFies
have ever been compelled to bear. The
HeraIGS Washington correspondent adds
the following to many statements pre-
viously made by various writers: l..
zone of the favorite operations ofthe
Treasury ring is the secret manipula-
ton of bonds on government account,
through commission brokers. The Sec
rotary of the Treasury secretly trans
fers a large amount of bonds to favor
ite broker, who offers them to the pub
lie in exchange for Others bearing q
lower rate of interest or in some way
| less desirable, and charges fat com
mission on the transaction, which he is
pie ased to term negotiations or sales,
but which really is merely handing one
class of security over counter and
taking back another-a mere clerical
duty which, if necessary at all, should
4 be performed by the clerks at the de.
partment. Previous to the 23d of April
Hast the amount paid as commissions on
these thimble-rig transactions was
S7,OO7 ,447. 1t must by is time be over
Sc, 900 900 for commissions alonc, besides
which the profits on the use of deposits
early information, etc., cannot be less
than twice az much more, or S25, OOO, OeO
OH mere bond manipulations alone"
1t is next to idle to try to follow up
the FRANKS of the stock gamblers III
Wall street. They toss shares about
with a. perfect wildn ess. When it is
rumored and believed that from twenty
to thirty millions of Il single stock have
been spuriousiy issued for the purpose
of making "cornel" for speculation,
it is not strange that mercantile inter
esas should begin to be affected by such
scale of transactions. The bushes:
community naturally conceives an I'M
easiness when the great financial cen
tres are daily blown up by such storms
and legitimate trade cannot but fee
sensitive to the results. 1t is not pos
sible to use too strong terms of condem
nation for the cliques that make fata
sport of the general welfare to advance
Plays Ct thsr oTS atser sqG Sea
over the number of "lame ducks" in the
street can compensate for the serious
wrong and positive hurt done to bust
ness by the battles of the stock specula
tors If We need peace at the present
time between political parties, we need
it quite as much in the money market
where disaster comes so much more
swiftly for all.-BOstoA Post.