Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-12-01
sElBVS LETTER.
He 1iscourseth Of Banks aud Bank
Circulation.
RakpALL FOB A PORTFOLIO.
A Sketch of the Personnel Of the Ca5i-
net Formed by President
Lincoln.
WHAT CLEVELAND WILL 90.
Apecidi b Tie RegtstT.


WASHINGTON, November S0.-The annual
report of the Comptroller OF the CurrencF
shows that during The year ended November
l, 1884, l9l National banks were organized,
Win an aggregate capital OF $l6et2 2jo
aud thai thst circulating notes issued to
them an uIted to s3,S66,23O.
The nationa, tanking system was estab-
lshed February %, 1863, chiefly by Hugh
McColloch, now secretary o. the treasury
for the second tine. UTon the strongest
recommends on of Oliver P. M.rto2, Mr..
Lincoln appointed Mr.. McCuloch, comp
troller Of the currency. He it was wSo
aiGed Salmon p. Chase in shaping the fiscal
policy of the nation in the most trying crisis
of our finances.
Tho Number of National Banks.
The total humber Of banks now in exist
ence is 267l, the largest number ever ir
operation at any one tine. TITO corporate
existence of 80 exp ell during tho year.
Of these, SO have been EXTENDED. Eleven
banks with q capital Of Sl,2S5 600, failed
curing the year.
The aggregate re 'uction Of bonds d.
o,ited as security or Circu alton for the
year ending November l, 1884 was ST.
sol 900 and wou have been Sreater bu,
for the financial troubles Of May reducing
the msrke p &c tf The isand q par cents,
" i,b were largely purchased BY the banks
to -eplsce Their called , per cents. This
Forded the pu: ch sing banks an increased
prof on circulation.
On November |, there were 1874 $50
500 of ) per cent bonds payable at the
plea ure OF the Government. Within the
next Two years, these bonds, in all hkeli-
hood, will be paid, no matter what changes
will be made in the tariff and from 1897 tc
1891, wien the $3.50, 900 900 of ~ per cents.
mature ere W i be no bonds which t.
Government can call in for reden ption.
Randall for secretary of the Treasury.
Says the Baltimore Sun: mo nsmo has
been entioned for cabinet position und =
Mr. Cleveland which has elected more
marked indications Of public a. provsl than
that of NJ. Randall Tho portfolio gener-
ally assigned to him--h hat o. the treasury
is one for which he is peculiarly adopted.
With him at the head of the treasury de-
partment. that vast machine would be run
on the srictest business principles, without
ear or favor. He woald be fully abreast oil
Mr. Cleveland in keeping up to the line u
his Civil Service reform, an honest and
economical administration OF the govern
nent, and holding to the most rigid ar
.ountaLly for the faithful Performance Of
nr.r rloto all its officers and servants"
LincoIn's Cabinet.
LAST ight was talking with = senat'-
| about the cabinet Said the senator: you
| ill recall the fact that Mr.. Liucoiu's cabi-
,ct Was great surprise to everybody, tUr
he press generally, indeed almost unsni
nously, had fixed upon certain gentlemen
ss the popular choice And yet when Mr..
| l.inco sent his list to the Senate, it didn I
,ontaiu the name Of single one whose Sc
ction had been put down as fixed fact,
months in adysn,e While the surprise
sas very great, no one was in the least
| ii. appointed. Seward was nominated fo'
he Secretsryship of State, Salmon p.
Chase for the Treasury, Simon Cameron for
the War department, aud Edward Bates, o.
Missouri, for AtIorney-GenersL Each o.
these had been before the convention q
Mr.. Lincoln's compettorfor the Presidential
nomination. Seward, it was generally
thought, would bo the nominee. Mark you
| Selby, what Lincoln did, and it proves that
he Was superb politician as well as p.-
! -r,ot anu statesman; he made his Cabin I
n.t of the material that had been used
sraiust him in the Presidential race.
"Nr. Lincoln we'll knew thst the strongest
men in the party were those who had bean
% strongly supported in the Convention
| rher. fore, in selecting them for his CsbineL
he appeased the elements originally opposed
u Linn before and during the Convection
nd he satisfied bis friends The South
ss represented BY Bates and MontgomsrS
.iIsr. Mr.. Cleveland is not likely 10 follow
| lr. Lincoln's example"
Full swing.
Said I: Senator, toll me who Of oil the
aeu you know is. in your judgment the best
n the Treasury Department. My cues
.ou embraces good deal in one way
Il understand you. Ny opinion is am-
,Iy an opinion, and have no hesitancy 10
.s,iur what it is, for I'm not much Of be
ever in this Jack Bunsby opinion busi.
ness-afraid to cay what | think for fear
Mr.. Cleveland might be embarrassed. No,
nv iudgmeut& Just as o; much value ss
ouis. capditly say 10 you that it is my
;orest Judgment, and have sxp'ri,
nce Of mn, that Mr.. Rand III
etter quail 6ed. better equipped, better
,i;ed ior the Secretsryship than any man
& prominence known to me IS Democrat.
saY good deal, but say none too much.
Mr. Randall, of all things, is prudent man:
He is remarkably prudent. Heis never led
or influenced by sentiment. He i. not the
victim of theories or traditions. He has no
net policies, and hence he has never made
TOOL OF himself. and never will l served n
the House with him. His courage, Lis
firmness bis power over others aud 'v,i
L e Lnnssladna hI