The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-09-19

-. p,,.eII at tho Court House. n.
N, James IIasselI, the GFeen6"ck can
NJ, ~ ior Congress, addressed our people
ss,j,bt III l at the Court House. We listen
.lssin n,s patiently for an hour and a half. !
n number of others, at the end oil
IA IA tine our duties called US to leave
=, ,ndieucc, like the great American
s..Sl.bee, was biggest at its birth, 1t
=, ,r,IaalIy growing smaller and small
sr ,'$I u the end ofthc hour and'a half,
.siy OF quite one half of it had dropped
ri Xt Bs..eIl is not an orator, by any
..,,; d sas not a particle OF fire or vim in
h.. mi speaks in sleep provoking mon
t,,, ,h4s sounds almost dreary when
reS,d with thread bare recital OF dry
S,t;sio such as he mainly dealt in last
H,t.an by stating that he had been
,,,rescaly called to the leadership OF
|,,Grsnback party in this district; that
u rs no politician. and that he had been
Ik,4 10 another and more congenial pro-
I'm. This preface must be taken as
IN. B,scIls excuse for many of his state
plas night. lie certainly gave every
,liss Of being very crudely informed
uAa finances and business Of the coun-
|m 4,aa instance Of this crudeneSs, We
/ 5rrIer TO the fact that one OF his prin-
dzapies Of discourse was upon the ex-
t1rfnary privileges and profits Of the
ytj,,L hanks. IIo said that they
p Fk PER cen. on their bonds and
ia pei cent in advance, (cqual, he
oil, to- eleven per cent? on their
drrd4,ion, and yet they were 50 far from
Eeins utisiel that they had gone on from
q. spp to an other crushing out the
!ea,ss Of the country, such as passing
Public Credit Act, demonctizing Silver
ID passing the Resumption Act. Na
llhs is the case wc should like to ask
Y, Resell why the National Banks Of
Wheeling have so generally gone out OF
tsEztm? Not only the National Banks
tEhelingbut an immense number of
as National Banks all over the country2
ly have quit the system in droves, and
ID, 100, when, according to Mr.. Bassell,
tb.nEep millions in it," Docs not this
n'sguifcaut fact out weigh pretty mich
Rg thing that Mr.. llNsscll said last
lsht about the wonderful profits OF Ma
taal Banks? The Merchants National
S,at Of Wheeling, with half n million
aFl, quit the system. The First Nation
lRnt Of Wheeling, with n quarter OF a
HlRn Of capital, quit the systcm;7the
Srioail Savings Bank, with one hundred
tS0naad of capital, quit tho system, and
be National Iiank OF West Va., the only
SEdoaal bank left in our midst, has par
tally retired from the system. Ifthcse
Siah were getting II per cent on their
dnaifOn and 6 per cent on their bonds
ll'ps cent in alll their directors should
ssatc thcInNne asylum for quitting
AeEaeu. ..4 ...r.
HSr. BasSell will consult tho reports
dihs Comptroller of the Currency from
!urio year, he will discover two things,
Ia, that they did not got II per cent, and
AiAsthey paid as high rs 1 per cent per
nlCn taxes on their capital. -we-hayc
tsiaNus report that shows that in 1890
@fWes Virginia banks paid 1 per cent
III, vi; 80 to the United States and
10 state aud county tax. "
aad We time aud space We could, in this
~ ane manner so over many, Il not most Of
III mSeiTs statements. As we have re-
nt'tS' they arc very crude. lie has cut
cps out Of reckless Greenback newspa'
Pss lHd adopted them a. the staple -Oi
Rs remarks For instance, he stated that
Nae close Of the war there was n circula
wa o. 100 millions Of money, and he
apalne4 that in this circulation there
'e ~ millions Of Scven.thirtics which
,"e CSei as money, aud issued in about
~, =, Naae denominations as other money
'4AsaveFy erroneous statement. There
=. w 40 ''Sos below so, and onlyi44,SOO,
%E' 'he'e. The grcatbulk Of them wert
OaelSonSaHd and five thousand dollar
%aes They averaged, throughout tllt
s saas 50 millions, S"G7 90 to each bond
W. W. "ft Of money that, wore tllcySnot
Aap even tho so bonds had, intercs
'. ~.l0a' attached, showing thai they wer'
'',u " laicadel to circulate rs money.
.asi ~ a'di'iOn to saying tha, we had ,9O(
va Of currency aaoat at tho end o
\, WV y Nj BassClI further statcl that ",
MA. ~ bonded debt Of only coo millions a
s,,s' ,rS nne' To show how very crude thi
h; ba'as also is, We point him to n circu
E,s s.a on the 18th day Of this montl
,.,.1 .~s treasury Department Of the Gov
h,4,sL showing that the interest bear
10y NJ" Of the United States on the Sis
Ss,5 sIsas, !, 1895, was s., ,3Sl $50, ,9oI 90, con
s0' n !, y, 80 millions OF t7.3Us, 81, esl ,73O,
d, pOF cents, and 1900, ,l75, ,727 q
NV ~, ~ eent', and less than a million OF
. NJ, ,.,Ia sa.'ell =, admitted that VIC now hav
Lss1'., Nh Circulation E,1! of close on TO scvc
,sss 'a millions Counting tho silEC
3, ". Se have moro money than thu,
,o.,,t. ,tos'nS 'eren hundred millions, IN
Ess. 49, our population at forty.six mi
a,o., 'aa' !. amount gives per capita {
q - .S', o. coin value, Of fifteen dollar
it,y n. .salas ~. ten dollars in March, 1856
:" cent more money pOr iuhabitau
HhlI