The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-09-26

written letters, which have been pub
lished, indorslpg the candidates ol
both parties, and an explanation from
him is demanded by members OF the
Conservative as we'll as Radical parry
Boss Shepherds Power
over the members of congress at the
last session is ceasing TO be a mystery,
in view OF the real estate speculations
of prominent members. One named,
concernInr whom the proof is forth
coming Of nice speculation, is a
southern Democrat, and another a
southern Republican. 1t is stated that
one real estate firm connected with the
ring holds as trustee very large amount
of city property which is supposed to
belong to members OF congress,
The Luekiest Man I'm the World.
The story that President Grants
large deposit with the bank was return
ed to him is generally accepted as
true, and provokes severe reflection in
connection with his appointment OF E.
L. Stanton, a creature of the ring. to
the lucrative Office OF receiver Of this
bank, especially as one of the first du'
Ties of the receive rwill be to look after
any such attempt of the bank officers
to prefer and save favorite deposition
at the expense of ell the others.
The RascaIiy First National.
Statements have been circulated by
the friends OF the Cookies that the sus-
pension OF the First National Bank in
this city was unnecessary; that it had
on hand 100000 in currency, and $50
900 in Government bonds, and could
have gone on doing business. Some
depositors scout this assertion, and say
that this bank had about 5000, 900 o
private and Government deposits on
the 3Oth OF June last, and probably as
much when the suspension occurred,
and that they could not have stood a
run OF one single day, or even an hour.
These depositors seem to regard their
money as gone forever
The Financial Situation.
Considerable curiosity is created here
on account OF Secretary Richardson and
! Attorney General Williams. 1t is as'
certained that the conversation between
them this morning, was on the tinan-
cial condition ofthe country, and wnat
farther relief the Government could
extend without going beyond the law.
Among other things talked over was
the proposition of New York bankers,
made to Secretary Richardson to now
redeem the five per cent. bonds due
January lst, 1874, of which there are
twenty millions outstanding. The re-
suit OF the discussion cannot be official
" ascertaned but it is believed that an
other consultation will be held tonight
on tie arrival of the President from
New York, when it is probable some
definite line OF action will be decided
upon.
In official circles mere, the financial
situation throughout the country, is
looked upon as anything but promising.
Bv some it is thought that the anticlpa-
ton of the November interests will
afford some relief, and in measure
strengthen the banks. This interest
amounts to Sl4 100000, and is payable
in gold. The act OF 1869, approved
March 18th, entitled "An Act to
strengthen tie public credit, and which
applies to the five per cents due Jan.
lst, next, as proposed by the New York
bankers concludes as follows: "But
none of said interest bearing obligations
not already due, shall be redeemed or
paid before maturity, unless at such a
time when United States notes shall be
convertible into coin, at the option OF
holders, and unless at such time the
bonds of the United States bearing
a lower rate Of interest than the bonds
| to he redeemed, can be sold at par in
coin"
The Washington City Savings Bank
announces that it will require sixty
days notice for,the payment OF deposits,
in accordance with provision in its
! charter.
The Navy Department is paying all
employees to-day, in anticipation OF the
usual paw dav, in order to lessen the
srringency of the money market, caused
hy the scarcity of currency.