The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-11-12
SEW FORK CiT4.!yfl
Comments of New York Journals on
the Duty OF the President.

tue Duty OL Ine tIeBluents
NEW York, November 1.-THE effect
Of the Boston fire,on the money market is
made I the subject of editorials 10 the
morning papers. - - 49, - "A" d q
(From the Tribane)
."If there be any action within the pow
er Of the Secretary Of the Treasury
whereby temporary relief can beaiTorded
to the sufferers by the great fire at Bos-
ton. we trust that action will be taken i'm
mediately. Let him frankly report to
Congress his act and his reasons for it,
and an act Of indemnity will be doubtless
passed"
(From the Times)
Boutwell, may undoubtedly be relied
upon to- prevent the Government sectfi.
ties which will necessarily bethrown upon
the market from becoming the sport Of
spectators Any other action which can
be legitimately expected of him, with a
view 10 relieve the monetary and financial
pressure, will unquestionably be exerted."
From the HerAld)
"The Assistant Secretary Of the Treasury
assures tho public that the Government
will use It's money to prevent panic by
afording instant relief to the money
market The situation should be viewed
coolly and calmly by everybody. The
worst has been done. Now that the fire
Is over, panic and excitement will only
aRgravate the disaster"
(From tho Worldly O. lLtYj ;
Judge Richardson, Assistant Secretary
Of the Treasury, announces himself on
duty to stave of, II possible, the financial
panic from the Boston fire. This is the
very nick Of time for him and Secretary
Boutwell, 10 publicly torswear the inten-
tien to again initiate the currency. Let
Secretary Boutwell, and Assistant Secre-
tary Richardson make haste to give the
public the pledge that they will not add
to this visitation by fire the calamity OF
imitation, ss deYastation is alkths country
(From the s6n.J AS Ass ~ sHaS9&
From very good sources we are inform,
ed that the government will come 10 the
relief Of the. public, and il Is notunlikely
that ten or fifteen millions will be reis.
sued, II such an amount be necessary to
avert another, Chicago disaster, ,r.Is
now TIE GEw YORK STOCK MARRET IS
..... EFFEoTED. ,-,y,.
The stock market has been panicky,
and all morning prices have been de.
cllninG 6a10 per cent. Suspensions are
reported Of 8. V. White, Pilot, Perry g.
Co., 8. R. Wilcox and R ]. Klmball &
Co., whose amount of stocks have been
sold out under the rule. The market
now Is sEeadIer. The. worst seems to'be
over Nearly all the insurance companies
have their windows placarded with q
statement Of their condition, and a ma
jorlty say they have sustained little or no
loss. The heaviest losers are the large
companies. '7ai5
ASSOCIATED Press oFF1cE, !
New YORK, NoyI11-11'40 AN !
There is no truth in the sensation re.
ports now circulating that the fro in
Boston has gone beyond the limits, as re-.
ported by this office up to- six o'clock
this morning, the entire burnt district Is
watched and the fire wellunder control.
The Bostonians have very generally
left iorItheir homes, aud thehotels look
bare Of them to-day. is'ai
,ur,THE POPULAR FEELlEGU y
Knots Of people have assembled in the
streets today, converting upon the disss,
| ter In, Boston, and general expressions Of
sympathy are heard everywhere.
ao, INSURANCE LOSSES ~