The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-11-19
WHEELING WEST VA WEDNESDAY MORNING.
NEW YORK CITY.

NA" ASASAA VA -
NEW York, Nov. ls.-Burdick's plan
ing mill, West 25th street, was burned
last night. Loss $4,000; insured.
Edwin Z. Winship, oi "a Broad street,
with whose reputation rumor has been
busy for some time, is at length announc.
ed detaulter to the extent Of $40, 900.
Winship was engaged in the purchase OF
claims Of government employees at 10 per
cent discount, and receiving deposits on
which he paid 8 3.14 per cent per month.
he continued to pay, the interest, but
when asked Tor the principal in the recent
crisis he failed to respond, and at meet.
ing of the creditors he informed them by
letter he was hopelessly bankrupt. Win.
ship had home on Staten Islend and
lodgings in this city, but 10 now supposed
to be out Of the country.
A special statement of the condition Of
the Pacific Mail steamship Company, 70
the new board Of directors, show the re-
ceipts from May 1st to October LIST, 1878,
to be $3O1e, 800, and expenditures g.
$50, ,555, leaving balance Of nearly $685..
600 as the earnings in nearly five months.
In this exhibit 1t Is understood that no al.
lowance Is made for insurance, or wear
and tear. 1t Is said that the recent inves-
tigation into the disposition Of the mil
lions earned annually by the Company
showed fraud corruption, and mismanage.
ment, and necessity for reorganization.
z Inquiries among o large number Of deal.
ers here do not confirm the rnmors OF
failures, although suspensions during the
next few weeks would not be surprising.
Trade Is bad, and dealers find 1t difficult
To pay expenses and meet the demands
upon them. srtlf = ID t.I,ti
The testimony In the Tweed case being
concluded yesterday, John Graham be.
gins his argument for the defense to-day.
At the conclusion Of Mr.. Graham's argu.
ment for the defense In the Tweed case,
the Court took q recess, after which Mr..
Tremaine commenced bis address for
prosecution. 400 tllE1 5,,
At the conclusion Of Tremaine's speech,
Judge Davis delivered the charges and
the Jury retired at 8 o'clock, but up TO this
hour,2 A. NJ, no verdict has been rem
dered. s...a.. 81. -..l l,r3.,
In Stock Exchange to-day there was
marked decrease In the volume oi bust.
ness, accompanied by lower values, and
feeling of depression. The rumors oi
trouble at London were revived, and ca
BILE quotations give some color 10 the
same. The mostimportant rumor was that
the London Banking Co. on the limited
plan was embarrassed, and that the concern
negotiated some time since large aino1nt
Of bonds for one Of our leading railroads.
Bills OF exchange have been drawn for
tho great bulk OF these bonds and sold by
banking firms here. Many Of these bills
have been paid, but rumor has 1t that
there Is one millions pounds sterling Of
the same falling due the latter part OF this
month. Several large short contracts
were closed up yesterday, and this too has
taken away one Of the sustaining elements
oi speculation. 5Efl.E. 'f'y -.
There are at present 2347 men employed
in the various departments OF the Navy
Yard, and 1t is probable that orders will be
given for the employment OF thousand
more. Secretary Robson arrived at the
Yard at one o'clock, accompanied by Mr..
Hansome, Chief oi the Bureau OF Con.
slruction at Washington. The Secretary
came from Washington for the express
purpose Of inspecting the progress OF the
work oil fitting out vessels Of war. MIR.
Hansome, In conversation, said: with.
In three weeks we shall from Is 10 IL yes.
sells Of war ready fer Cuban waters"
Secretary Robeson stated that he was de.
termined TO remove all obstacles and
place the navy on secure footing, ready
at all times for peace or war. Recruiting
for tho navy Is going on briskly here.
The Charity Dramatic Association will
give q performance at the Academy ot
Music, December Goth, for the benefit Of
the widows and orphans Of the victims OF
the Virginius massacre.
This afternoon the Havana mail steamer
Wilmington took out fourteen large ceses
containing several hundred Remington
rifles for the Spanish government. She
also took out large quantity OF pro.
visions. 10 lsreass li,ES,,.
The Post says II e. now accepted as o
fact that several banks including the larg.
est one, not only In this city, but Of the
entire National Banks of the country will
oppose the report Of the Clearing House
Committee OF nine, and its conclusions II
necessary to the extent Of thellaw. The
Mercantile National Bank, corner Of
Broadway and Dey streets have lost
heavily on loans 10 one Of their customers,
but not enough to effect its solvency.