The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-03-09
acknowledgement



Bank Failures.
III. Improvement Bank Of East
,,t.,,, t"I IPi.rburgh) clOsed It's dOOrs on
Ts",.jny. T la published condition ia as
follows: SIM 500 Al
s,l t,L%I Io,, " soId."-....,........."..- s2H Il
IN, ablr."..-... '.'' ''''''' ms 20
JL,,,t,r, scI 81
..........,.,. .'''''''''''' '''O1 =
CIia :,-o oSS a.
rgul lisrti az
AT, ,..... ~ ~
~ ~
~ s'VV' w
r,Il "
n. 1.Tea ,ea.on given in yesterdays Pitts
,,,ab, p,ren for the suspension OF this
p,,I p !, the depreciation in real
',,,,,o . We should say SO. Look at the
s;.,n,e presented. Deposits S5l,s4l 55,
',Ioply 81, ,7Gl 81 Of cash. Was it not
.Soo,tins for this bank to suspend2 We
-,,,nms ,ha, even the handful OF cash on
t,,5 would have been invested in real
.,,,,. or real estste mortgage, in an
o,btr week or two.
Ne rcler TO the showing Of this bank
. .o,cimen OF the showing made by
nearly every bank and insurance COM
r,,, that h. failed in the last year.
ri ,e. We have, Notwithstanding this
ost,,reou, manner Of carrying on busi-
,,,, all .Orta Of subteriuges and excuses
,boa. the depreciation OF real estate.
The Redistribution OF Labor.
# i, easy to see that the cities and
nvp, Of the country are still crowded
,ilb people who have no adequate en-
Dlornent, and who are therefore not self.
,upporting. The various trades have
k.tn ,hinned out since the panic, but
hsycan still count numerous persons in
,,.ry community who are forced to be
ijIr TOO much Of their time. This is the
s,.. 10 all the large caties and towns Of
IL. country, but more especially in the
R,.,t Eastern manufacturing centres. 1n
Al there centres there is wide spread
ii.tru for the lack Of employment.
Despite Of all the assistance rendered by
Trade Unions, aud by various associa-
lions and societies, and even by the hands
oIchGrily, the suffering for lack Of the
comforts and necessities Of life has been
ird must stiII be very great.
The question, often asked, has all along
btn, il there no remedy for this state OF
thins.2 Is there no way Of assisting
tt..s unemployed people on business
principles, and in a way that will pro.
Iace permanent good effects instead Of
Individual and social degeneracy and de-
nor,llltion? Many answers have been
attempted to such questions. As a gen
uIl thing, they have proved theoretical
and incapable Of practical application.
50 much 40 that many writer's haze de-
cllred that there is no other solution 10
tie ye1ed problem than the severe
Oae Of gradual thinning ont, by
The paugs OF want, Of the surplus popula-
tions oil cities and towns. This means
that all persons who can not find employ
neut in their customary vocations in the
cities mus, get oil, into the country, and
learn to till the soil-man's frat and
hlppiest means Of livelihood. Raise
Nnething out Of the ground and thereby
bsindePendent be Of strikes, say these wri-
t.r, which ia very pretty and very
attractive advice, on paper. But how are
these unemployed people going to get
iniO the country and on to parcels OF
hnd7 And, anpposing this question an
'Eersd, how are they going to get the
Necessary means to commence lie with
90 4 piece Of land, including support for
the time being for their familiesH How
il this difficulty to be got Over2 Unless
iii. gotten over all talk of changing un.
employed people from the cities to the
souutry ia mere idle nonsense. This
ti5saI,y mus. be met at the threshold.
Thi. brings US to the mention Of a
Eh.us broached in the Pittsburgh papers
oi!t'tsFday. It is not an entirely new
Eh'ns, save "a to the manner which It Is
to be carried into execution. II is a
Ehene started 10 Boston, and one that Ia
to become cooperative on the part Of
other communities. A prominent and
Wealthy citizen OF Boston explained 1t to
: meeting Of Pittsburgh capitalists on
IaundAy night. We cannot explain it
'lii'!AcIorily in shorter space than that
given TO it in the Dispatch Of yesterday,
iad therefore quote from that paper n,
follows:
The speaker stated that after years OF
study he had come to the conclusion that
te only remedy for our present financial
G!oable. was TO organize a re distribu.
!loa oil labor, and the education OF the
liadu.Irloas 10 an appreciation Of the
dignity oI agriculture. The speaker was
!S1tc'Siv impressed with the necessity for
!as education when he found some years
go four hundred applications for four
'SAnt c!erE.hips in the Boston Post.
once With fifteen times the arabic area
cs France. the United States have but
sfee millions Of land owners, while
rance has SIX millions. A few years
lace she paid Thousand millions Of dol.
n'O n dermany and to-day she Is pros.
Sf0n', while Germany, after scattering
.Is money among her people is depress.
W. lhe French are seli-reliant and
Eo'PFOn' beyond any other ma
I Soa on the globe to-day, and
We SPEAKER accounted for ihis BY
RoiiaIlHs ,,i 70 the large agricultural popu-