The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-10-12

| 10 DeIWCcu PSu,uuV,VuV uuu pOOiVVOIVSOI
and of that sum perhaps in the aggregate
from twenty-five to forty per cent, am
not able to say exactly how much OF the
assets are Immediately available. Sup
posing the cash in the vaults to have been
saved, and learn that all the vaults us
far as heard from, are supposed to be sale.
So far as tho money is concerned, that OF
course does not pay the amount of our
depositOrs. The principal thing for us to
determine, as bankers, is how we shall
proceed in the transaction OF our business;
| It smanilestly unjust as 1t would be unrea-
sonable in any exigency, if the banks
should resume business tomorrow, or
next day, to allow few favored indiVid-
uals, who should reach first the counters
OF the banks, to withdraw their money,
which would cripple 1t, would almost
destroy the remaining resources OF our
people;'that cannot be done, there must
be some plan OF action adopted, by which,
with due regard Of the interests OF those
who lost everything, and those who saved
something; by which, with due regard to
either, the interests to the business of the
city and country can be protected, and
some facilities extended to the business
of the future; this is what we have to
decide upon and talk about, There are
some other things connected with 1t
which ought to receive your attention IN a
general way one Is how desirable itmay be
for tho banks in the future TO approximate
in locality as near as possible, 1t would
be n serious inconvenience IL have the
banks scattered miles apart whose busi'
ness interest como so directly together 30
iequently. But after all, the important
question TO determine Is, how, in the
event of our opening our DOORS, shall
we proceed ? AS l have said in the be-
ginning, II may be much more hopeful,
generally; in the outcome leave oil that
to our interests and integrity to carry us
and the city of Chicago through. .. .
u Mr.. Smith fully concurred in tho re-
marks made. What was necessary was
immediate action, and he moved the ap.
pointment by the chair OF committee OF
five to frame resolutions to be submitted
to the meeting, .r
Tho following committee was appoint.
cd Mr.. Smith, Chairman, Mr. Blair, OF
the Merchants National Bank, MIR. Pearce
Of the Third National Bank, Mr. Subway,
OF the State Savings Bank, and MIR.
Ramsey, President OF the Corn Elk.
change Bank, who retired 10 perform the
duty assigned them.
Mr.. Colbaugh said he had noticed the
representatives Of several Of the most i'm.
portant Railroad lines present. 1t would
be source Of much qualification to many
OF the gentlemen assembled # they would
give some expression OF opinion In regard
TO their purposes and views.
Mr.. Hough said that Messrs. Gait and
Skies had expected to find the representa-
tives of other roads present, but not find.
ing them, they deemed IL best TO consult
with other Railroad men, as they could
only speak for their own roads, and de.
sired concert of action.
Mr.. Hough moved tho appointment of
q committee of three to confer with the
Railroad Representatives.
Mr.. Wm. Sturgis thought It impracti-
cable for the Committee on Resolutions
to report at once, and moved an ad dourn.
mcnt till o A. NJ, tomorrow, so as to give
the committee more time. In the mean
time the railroad people would have their
meeting of conference with the commit
tee to be appointed. u
NIr. Hadduck fIvored the plan Of oil
the banks meeting in the locality in some
church building.
Mr.. Hough renewed his motion to have
q committee appointed and confer with
the railroad interests, which was adopted,
and Geo. Sturgis, President of the North
western National Bank, Mr.. Sayre, Of the
Fifth National Bank and MIR. Adsit were
appointed such committee. q
AIr. SturgIs moved that the chairman,
Mr.. Coolbaugh, be added to the Commit.
tee on Resolutions, which was carried.
The meeting then adjourned to meet
tomorrow afternoon, at the same place
at o'clock. ~
The relief committee from Cincinnati
who arrived yesterday, are putting their
muniiicent contributions into shape,which
Is not only great benefit, but 1t is to be
permanent for the winter. They are ere.
ating universal soup house, complete In
oil lis details, near tho freight depot oi
the Great Eastern railroad, In the vicinity
of the burnt district, west side. by TO-
morrow they will be ready to distribute
six gallons Of soup daily. i.
1 Shanties are being built upon open lots
In convenient localities, and made q!
comfortable rs possible for temporary &C
cupancy. ~
J.V. Farwell Is just in receipt Of a tel
egram from OIessrs Sprague, Of Rhode
Island, requesting him to draw on then
for $40 1000 for the relief fund. The tinan
cial prospect is fatorably Frightening.
The Republic Insurance Company oI
this city, expects to pay every dollar o
their risks, as they have, under Payson'i
management, cut down their city risks al
much as possible Tor some time back, con
fininG the bulk Of their business to tht
country. This Is an extremely gratifying
fact. az it gives us assurance that more
Of our home companies may be in a bet
ter condition than was at first supposed.
The total loss Of grain is now definitely
ascertained to be 81 600, 900. -Four vessell
were loaded with grain for the East to
day, and the Eastern movement will con
tinue as there are fully 100000 bushels
now in store here. ..-
The water was Let into the South Divis
ion Of this city to-day, so that all the pop
lated portion Of the city are now supplied
with water. .. ....
The following important items in rela
tio1,,o insurance have been collected from
reliable authorities: The Royal Insur
ance Company Of Liverpool loses $193, 900
, Impetial. Of Liyerpool, $900,000; North
British, Liverpool, $2,70O,OOO. Goot
authority toots up the entire loss Of the
Liverpool and London Insurance compa
, nies al $45OO,OOO The Etna, Of Hart
ford, and Home, of New York, have eacl
| SG000000 In this city; about 100000
each in the burnt district The Hartford
has Sl,sC0,QOO in all, every cent o