The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-09-29
The Wawasseti Disaster.

the American bankers ABROAD IN place
Of the Bariugs, that he is slow to make
any appointment in their stead. The
Government losses by the Clews bank
in London are not fully known, but
must bs considerable. The President
is not aware that the daily exigencies
of the consular, diplomatic, naval and
other branches Of the public service
abroad make it indispensable to have
at once solvent bankers at London. or
some prominent financial centre in Eu-
rope.
The loss OF the Treasury Department
by depositing in the First National
Bank of Washington might have been
avoided by moving the money about
fifty wards in a westerly direction to
the UGited States Treasury vaults,
there to be drawn out on checks. This
was the mode adopted by Secretary
Guthrie, the idea being that the United
States Treasurer could keep the public
money as well as bank. At the time
when McCulloch was Secretary Of the
Treasury the Jay Cooke concern had on
deposit six or eight million dollars,
when the United States Treasury was
only just across the street.
First National Bank.
The Receiver OF the First National
Bank OF this city, reports to Comp
troller Knox the liabilisies Of the bank
at 81. 100000; assets at 81 100000. The
deficiency OF $S0O,000 was in advances
made to Jay Cooke d Co.
More Failures Anticipated.
There is intelligence from the finau-
cial circles in New York to the effect
that q great many more failures are ex,
pected TO occur among second Glaze
! brokers,
the Treasury.
The structures OF the press upon Boss
Shepherd and his ring has induced
them to make g show OF being sustained
at home Accordingly the agents of
the ring were active to-day in distrib-
uting a printed card, announcing that
the merchants and dealers in Washing
ington propose paying their respects to
Governor Shepherd on Monday even-
inf next. Tae persons who furnish
carpets, spittoons, wines and the like to
the ring are to rendezvous at the house
OF Lewis Johnson Il Co, and Shepherd
is to receive them at the negro centre,
Wormsley's. All this is preliminary
to the grand raid on the Treasury next
winter 10 pay the city debt and cover up
the corruption and protligacy OF the
ring.
appointed.
The president has appointed L. Lip-
encott, of Pennsylvania, to be receiver
Of the General Land Office, to take ef
feet October lst 1873, vice B. B. Bayn-
ton, resigned.
jay Cook IL 60.
Secretary Richardson IN conversation
this morning, expressed himself much
gratifed at the published statement OF
jay Cooke Il Co lie says that the
showing is much better than was au-
ticipated, and considers the financial
outlook decidedly improving hourly.
New Liue OF Steamers.
Yesterday afternoon an officer OF the
United States Navy, lately attached to
the Asiatic squadron, arrived here from
Yokohama, Japan. He makes the
important announcement that an Eng
lish company has completed arrange
ments. and will at an early day estab-
lish q line OF steamers, to run in
opposition to the Pacific Mali Steamship
lire, between San Francisco, China.
and Japan. He further states
that experience has proved that
the side wheal steamers built
for and now beipg used by the
Pacific Mail Company, on the China
line, are entirely Inadequate 10 the ser
vice, depending as they do entirely on
steam. A large amount OF their car
ryirg capacity being taken up with the
coal for so long voyage. The aver
age time consumed by these steam
ers between these ports is 23 days.
The English company has adopted full
rigged screw propellers, similar in de-
sign and equal in every respect to the
first class vessels now plying between
New York and Europe. They propose
TO make the run between the ports in
seventeen days, thus making saving
OF time OF between five and six days.
The November Interest.
WASHINGTON, September 2S-Secre-
tary Richardson tonight officially an
nounces that the United States coupons
maturing November tirstuext. will be
paid on and after Monday September
29th, with rebate Of interest ct the rate
of six per cent. per anuum. The inter-
est amounts TO Sl4,600,000 in gold.
The above announcement was anticipat-
in these dispatches.
A Meeting OF Bank Officers.
At the meeting Of bank officers held
here last night, all the banks in the
district not having been represented
another meeting was held this after
noon, at which the following plan Of OPP
Grafton was resolved upon:
RESOLVED, That in view OF the pres
eut uncalled for and unnecessary de-
maud upon the banks and bankers Of
this district for currency for other than
business purposes, and for shipment to
other cities, and very large amount
baving already been drawn. and in
view OF the fact that without exception
all the large cities of the United States
have adopted similar precautionary
.o,ras tho renresentatiyes of the