Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-12-09

GG.iness.
II. {. Brady, of the firm of D. Brady
Son * Co, ship liners, has disappeared
His private estate was seized by his
creditors.
II. .. StOrrs, wOOlen manufacturer al
Dedham, Mass, recently failed for 3
arge amount. He furnished securities
IN Sl5,O 600 to answer an indictment OBJ
aiming money fraudulently from the
pelham Bank.
Business failures of the last seven
avs reported to Il. @. Dun Il Co. s
Yfrr.S ntile agency number 100, OF
which l65 Occurred IL the country and
~ in New York city and Canada. This
the larges number reported during
he year 81 1882 in any one week. The
Eastern States bad 10; Western, o.
>Outhern, II; middle, IL; Pacific States
snl Territories, IL; Canada, 10, and
New York city, 10. The principal fail
tres in the city of New York were l..
Hart Il Co, metals; Belyin Il 81 Der,
gars, and William Sherwood & Co.,
rather commissioner. In the country,
Il T. Gill, Jr., Pittsburg, car wheel
EOrkS, preferring to compromise. Field
lOdgedOren < Co, Selma, ALA, have
Signed, and James w ilsOn, engaged
Extensively in the wool trade, albany,
A. Y, has called a meeting of his cred
Ars.
The !otal shipments of flour, grain and
rOviSiOns eastward from Chicago last
week numbered IS, $50 tons, an increase
AE5,5ll tons over the week ended No
yember p, and a decrease Of 4l6 tons
pom the corresponding week last year,
The per centages carried by the differ
slt roads last week were as follows
fIichigan Central, 26.l0; Lake Shore,
~; Fort Wayne, 1920; Panhandle,
500; Grand Trunk, 1900; Baltimore
IND Ohio, $50. These figures show an
lcrease for the Michigan Central and
Baltimore and Ohio, and a decrease fol
be other roads from the percentages for
be corresponding week in 1881. Under
he pooling contract the Grand Trunk
only entitled to IL per eent.-a pro-
ortiOn it was glad to accept when the
Jar was settled. 1t is not probable this
+ sntract will be renewed, but until'it Is
Eliminated, or until the situation
anges materially, the cutting OF rates
east bound traffic is highly improba-
IA The New York Times predicts a uni
AAsSal railroad consolidation, saying
The railroads connecting Chicago with
Paul and Omaha are at war, and
e weapons which they use against
hch other are the familiar ones Of CON-
etitiOn in rates. 1t is not easy TO get
the real motives and melting causes
4 contest of this kind. The constant
1ndency of railroad management Is TO-
ard combinations and alliances for the
E .utual protection of competing lines
ainst each other; in other words, FOL
le destruction Of competition. 1t. will
li he long before the principal lines
stween the Northwest and Chicago
I'm be united under some kind
compact for the maintenance
t.be rates and the distribution OF busi-
sss according to ratios agreed upon.
the present tendency goes on the rail-
ads Of the country will be combined
-,O several systems, covering different
tliCnS Those of the Northwest, this
Of the Rocky Mountains will be
ea'cd as a single system, either
EnUgh an alliance of lines or an actual
BON under one control. Those Of the
Kl,hwest will be similarly combined.
/ Pc same process will work more
adually in the Atlantic States OF the
- nth, and the Pacific coast will have
~N'%>pOt three, systems. Then will
'elop a larger alliance, or a confeder-
on Of systems, in one grand whole,
ing with the tendency toward con-
datiOn and combination goes an
7r toward the concentration of con-
into fewer hands. There IS grew
up on the face % the country an
rmOus cOnfederacy Of corporations
Iaged in the business of transporta-
- and commercial interchange. The
may come when its affairs will be
lnlstered by general council, which
" control its wider relations and
sei It's larger operations, while the
animate interests Of the separate
ems are managed by the local au3
ules. In such q council a small
ne Of enormously wealthy mag
: would have controlling voice.
power Of such q confederation IS
eIhlng which cannot be calculated,
e which cannot be contemplated
- l~Vlt sort of a dread %