The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-05-30

THE N. q N. BANK.
Mr.. Brady pursued different policy
with the Merchants and Mechanics Bank,
and pushed discounts into Ohio Wherethe
banks had been all destroyed by loeo.foco
wisdom. By which meanshe brought the
hank out Of great embarrassment into .
healthy condition.
WHAT PRODUCED THE PANIC OF 40.
David A. Wells and his school Of free
trade writers will tell you that II was
one Of those periodical collapses that
oyertake business: Such men do not 60
below the surface. Those who went
through that period know Is we'll what
caused Il As We all know that the sun
causes the light Of day. The tariifof 1928
gave prosperity 10 the country. Money
was put into manufacturing. In Wheel
ing this money went into iron and glass.
The tariff Of 1888 reduced duties annually
90 as to strike 20 per cent I'D yaloremi in
1910. In the meantime Gen1. Jackson
had destroyed the o. s. Bank, whose notes
circulated even In China and were the
thermometer Of trade. When her notes
began to come home the baak checked up
the local bank circulation by frequent
settlements. That check removed, the local
banks began to spread themselves.
Prices went up a. duties went down and
in 1885 We absolutely
nPoRrED WHEAT FROM EUROPE.
OF course we became bankrupt govern.
ment, states, corporations and people.
Nails sold In Wheeling at SO per key
and yet Agnew and others failed. Glass
tumblers sold for 81 per dozen yet the
works had to atop. Under the tariff of42
nearly 200 per cent was put upon these
articles. yet nails went down TO s., and
the same tumblers TO so cts. and these
establishments prospered. Why7 With.
out protection they had uncertain sales
and heavy commissions, while with pro.
lection they were thropged with orders,
had cash sales, and home competition re.
dueed the prices to q healthy figure.
HoMEL LEAGUE IN WHEELING.
In 1887 or So we formed in Wheeling
q Ghome league " and almost all our lead.
ing men belonged 10 1t. The late Samuel
sprigg was one Of the principal leaders.
We resolved that we would buy nothing
abroad that we could get or get made at
home. The principle Is 8 good and use
full one and should be acted upon every.
where. Aman who has agood farm and
plenty Of help In his own family TO do
the necessary work Is q great fool If be
does not sell more than he buys. A com.
munity Of healthy people should do the
same thing, and the first great duty Of our
government, We having the biggest and
best farm in the world, Is TO provide
through legislation that q people shall
BUY LEES THAN THEY SILL
Just as we do that we shall become rich
and strong, and as we fail we will be weak
and sickly. All the wedding dresses that
Worth, the famous Paris milliner, makes
for this country, are Just so many moths
eating into the yitals Of all our people.
The 100000 that will be spent in Eu.
rope this summer land there will be no
less Is an expenditure that will be felt
for evil IN this country by every business
man in II. We must export 60,0O0,O0O
bushels Of wheat, representing that much
Of our substance, to get back this $4,000,
900 into our midst. We shall be fortunate
II we can get 1t back in that way, and do
not have 10 keep the wheat among our.
selves and part absolutely with that much
capital. J.E. w.