The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-04-26

To which add 1856 failures, with La
bliities amounting TO So2O7S $50 Tor the
first quarter of this year, aggregatlng
over one thousand and fifty million
dollars, which in the absence Of a bank
rupt law, would have stood AS apurpetus.
Indebtedness over many 0! the best,
purest and most eCterprIsing business
men OF the country. Now, young man,
who is there inside or outside OF Con
gress dsrcs say any large proportion OF
the 100000 people involved In these
failures were or are dishonest, or that
their distress was not brought about en-
tireiy by Congressional action, in wick
edly. needlessiy and unwisrly contract
ing the volume OF currency"
But don't you think the worst of the
failures are over?'
mo; they have jus! begun. Net one
in one hundred who have failed would
have done so if it had been possible TO
AVOID it, and all who can are hanging on
by their last hopes to preserve their ous-
mess reputation; but under the present
policy they cannot endure II much
longer; and these constitute nine-tenths
Ol LIt tul llt DAslA4NsS lANA VI tAD NNNA4
try, and the very essence Of its integrity,
tor it is not TO be presumed that any DIS
honest man has waited until now to take
advantage Of that law"
"How do you account Tor the passage
of the bill by the Senator
.HWen, thst is the most difficult ques-
tion you could ask. picked up Tues
dsv's Record and commenced reading
McCrsry's speech, aud had nearly lnlsh-
ed before l found out what be was talk
ing shout. | had become so wrought up
with its persuul that l began to think
the Capitol was again TO be invaded that
armed men were coming right in here TO
drive the peoples representative from lis
precincts, unless they did something lm-
medistely for somebody relief but when
st the very close l found out what
he was driving a., immedI
stely fastened to the Capitoi
to see what evidences could be found
there Of such terrible upheavsl OF pub
lie feeling. Imagine my surprise when
| found only little book, very nice
little book, nicely bound, with nice gold
letters on its cover, stating that the orig
insl petition, of which tha. was copy,
had been presented 10 the Senate that It
contained 200 signatures, OF all OF which
nv wrought-up imagination led me -
believe must be modern Jack Cades or
Sitting Bulls coming here to take the
remainder oi McCrary.s and everybody
else.s scalp, but on examination
found nothing but o.d t4mi.-
lar names. not unknown as having
frequently invaded this city ana even the
vaults cf the Treasury; but still they are
not open Cut-tEros.S; they Kill IN
mllder snd more soothing way. There
were sll the presidents, cashiers and d.
rectors of all the national banks and
other great nacneyed corporations, snd IS
| could net imagine any immediate daL-
GER from that source, ! retired to good
NIGHTS rest. and j: Is not surprising that
the attention of the New York Senators
had to be called to the tsCt that that
State had passed resolutions which al the
time of their passage attracted no at:el-
,ion. snd which not one man in ihOUs
and in the State knew were passed.
And so You think contraction Is at the
bottom of sll these trou bles?
"Ceytsinly, and that if the present
bankrupt law Is repealed without first
preparing another to supercede il, ;1a:
more thsn halt the men now in business
will be IN the hands Of the sheriff inside
of two years, snd then remain lnsolvent
until the people rise in their might ard
send men to Congress who will not only
relieve them from unjust burdens, but