The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-08-02
acknowledgement


something %.l. Yak correspondent Of TIT the
n, New D.n sS,s contributes the fol-
ns.as g2. .,,, wear, since the merchants ut.
s sy SS S1s d he Sa1 eiy' 'DS !! was vas
bsiDsiase ok xxx Of New York ,I i was
aIle1 The 'Dlu iD, ., VI Wall and William
.Hty s' Ss anus York still flourishes' ~! !
Bank o. a E'T with one bOok.keePer a ana .
aog l n,sn iSU' As might be expected I,sl
Irge Pi leu SiG fashioned business I men u
, SsI 10 patrons, and one 5o o. demo 5eoosits
Commodore ioIs q GI 10000 upwards; The
nnge t ON S6,s enjoys The distinction
o, g;ng C sbe IN tho gold room arc Iro al,
'nd lng .a%n On ibis Institution nete ere
w., wy o, SsTss Of Eechum centred ann, anu
The iq, ~ yaHI,s 10 drew enormous sums !;
ION . ~ t he stoncd in the penanGe I, %
o. T siSa " wsiI street has been idsni IT.
S,pS viii SiiI governmental uses from an carry
sgGr , T,e,,pry office employs one hun
,,s5 cIerks, all under charge o. ia II s SUI
. lisa ",St Who Is our chieifnancial oiHcer
y ~, The chief employment Of the
70 .,s al Washington is, as they say, 10
i iii' XII that in New York. Almost
Y. I'M ,b s's government payments and receipts
y. MY m,ss hero, Every day the gold re'
aS Al The Custom House for duties IS
, S5eeicd up to the Treasury in common lIlNG,
S.Djcsrt. The distance Is about elgns
1 1a- feet, and the amount averages
55;a6OO6. Tie way they handle specie
ey ,Sis institution certainly strikes a
y %'o as free and easy In the extreme
TSs Ssr,, containing 5000 apiece, are
, Iso To q and fro IS though they held
,,,ySI or brickbats, and tho clerks count
" s,' Il 100000 as easily and as rapidly as q
Y. .iP,' t,r' counts up bis dimes aud pennies.
Is sale i a large room, sey 20 feet square
~, NJ sbout is feet high, with tiers oil
l ,on doors about three feet in length,
anu one above the other. These
'aut sIf a, hsgu containing specie, and at
%t ct times they arc counted, thesurveyor Of
the port being always present ~ on ms sI ac6
ocrssions There are about $SO,OOO,OO
# gold and greenbscks in store here, and
,o5,ke The sale burglar pyooi the space
,sTl IA lbe street is filed with musket
b.Il, several thousand in number. Now,
iIa6urrlsr should get through the out
lila he would meet this loose mass, which
yopld roll upon him and sufficiently en-
b,-ys., bis progress. The treasury con-
,insa number oil experts in detecting
b,gcoin. You may place q counterfeit
All niece in heap Of similar coin, and
he clerk will close his eyes and pick out
NE counterfeit by the sense of touch.
Tbsman can not lell how he distinguish.
e The good from the bad. The faculty Is
IpieCfiOsble, and can only be acquired
BIZ years Of practice.
FPalics always bsgin in Wall street.
The great pressure Of 1887 commenced
With The fall Of JOseph's banking house.
They were reported to be rich, and had
lust put upan elegant building which cost
$4,000, a large sum then. Just us the
contractor was about to place the keys
into the owners hand the building fell
ard the former hsd to bear the loss,
which ruined him. That day the 10.
.ephs failed, and the panic began.
Twenty years afterwards (lS50 the great
p.nic was commenced by the failure Of
The Ohio Life and Trust Company, and
continued with fearful result for two
months, until every business man with
lev exceptions had failed. Here, too, the
gOll pinc on Black Friday carried its
work Of destruction, in September; 1869;
sod should any pressure again take place
iiwOCld first be felt here. At present,
however, there is little prospect of any
such disaster. Wall street Is full Of
money which is let at cheap rates to any
nan who has security. Take govern.
nent bonds into any bank and you can
ST call loan at four per cent. Ipre.
Ane that hundred millions might be
borrowed in this manner. Money centres
here, and all the financial operations of
l6e continent can be manipulated in
Wall street. Hardly u railroad is built
Ia4t does not offer its bonds here, and you
can, il you have the means, control any
such institution without travelling five
hundred feet"