The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-23

payments OUT we W. have been working
speeuia!y:.ts s.,,srsI f,iries hi hard. timer
packitoas "a sa1 Gavernment would MT allow
S !, T Sa mt otIt money 70 relieve the
~ ..a ssS tbs faillifes have been CON-
sps esnss honsss stsrted during and
a lnea he n war q Thefe has been q great
S Waat o,n s,s;iSSa0 expansion, and the bub.
~ eI lac f,nsilw exploded, as u was Sound
~ ~ A. 80 'saanap or later. We have known
,Ss ~ ,be ss crssh was coming, but L did MT
o on@s s ihis FAM There Is no true fea.-
o az ~ lie trouble should extend Il, The
, M Nile worId. and it can onIy do do
tbronoh a sympathetic process. The losses
nj, ,ni fslI Chiefly on The specuiating firms
W., W., bave done eyerythiiScs 70 retaril lie
va, mny m n,;on If sneeie riavmenta foriyears.
r fs' .ha Goyernmsnt wiiIiTait still and fIet
the,, III fhen Se ahall M long waV afl-
ranced tnward snecie nayment. Thefact
"a that his Il the "seyerest blow thai The
NEUTRALITY-SUSPICIOUS. has ever received, as X, Is
'the direct result :of the policy Of the
tGoyerninent.7 = which has been lone
lof Imitation whenever the Admin
isiration was likely 10 be unpopular
from hard times The break has notsur.
missed any one who knew, how business
swaa .transscted: ri Brokers have been able
ID INV me honda of new roads Eve or ten
ner cent less than the advertised rates, ut
which thew were furnished to private per.
sons p,ircbasinp for Investment. lfhis
was tfe case with the Jaw Cooke bonds
Ithe Northern Pacific. The lOswego and
Midland. and most other railway loans. II
was moi 40 with Flax q Hatch's roads,
Their bonds were good and they believed
In them. This panic ia different from any
mat has occurred since that Of 1857. That
was ca,,sed Inv undue mercantile expan.
s;o ion and tbis bv railroad EXPANSION. One.
hin, i Il certain: /. has cured 5the disease.
There viii he no more lending of large
amounts on new railroad enterprises, and
when The wreck is cleared away there
viii be A healthier condition OF things
than there has been, far years pastr
iEron ,hs T,,hrro Rd,tori,ii
The worst of The manic seems over
jAs ide from. the great miafortIne Iof The
failure Of Flax 6 Hatch, following hard
upon that Of, jaw Cooke & Co., II has been
not at all a Commercial, but purely q
fancy stock crash. Not mercantile
house IA afiected., Not a savings bank IA
troubled. ;; General bushes in New York
has rarely been better. and there is little
or NO alafm 6utside Of speculatiye circles
Bit holders of third.rate railroad stock
have suffered and are destined 10 suffer,
Fots Insnv a concern NOT Vet reached.
there is.thfoueh the ,approac6inrs winter.l
4 had ontlook' Fancy prices hsyeTbeen
broken. The public disposition to invest In
fancy Stocks ia zone. even tieritorious
railroad enterprises WIN lie viewed with
distrust. and shaky houses NAV expect to
spend he rest 81 the season ini diligentl
UNDERMINING. For Messrs.t Fisk & Hatch,
aslfor Jay Cooke s. Co., there Is only the
sincerest sympathy. They have rendered
great ind honest service In the material
development of the country, their name |
d a synonym ior integrity, and their fail.
ure IS a public misfortune soon, all will
hope, to be retrieved, aoou ,sys4;9i,i,Ll
From tho pittsburgh Commercially