The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-08-12

]. BARKER, "E
COL W. B. CURTIS.
WbeeIing's Financial Condition.
Special dispatches sent from the Register
Office 10 newspapers cas-. and ives. have
grossly misrepresensed the financial condi
ton OF the city OF Wheeling. Proceeding
on this miainformation the newspapers O
the country have entirely misconceived thu
situation and INDUCED in comments moi
warranted by the iacts. These special dis
patches were sent out on the 9Th inst. Tht
dispatch to the New York Times opens witt
this statement: a7; ,5eg
This city Is total wreck financially, be
sides being saddled with bonded debt oil
500 900. which ID about all 1t can carry IN
der The law, which limits the issue Of bondl
to As percent Of the total valuation. l5 r.f
The dispatch 10 the New York Tribun'
gays: 4,
The financial condition OF this city II
alarming. In fact, Wheeling is fnancia
wreck. As it stands the city's tosa
Indebtedness Is over $500. 0C0, or beyond the
Constitutional limit.
The New York Times speaks editorially
Wbs,l;op. tho c,n,,,, and cb,at c,,v =,
the Htste OF Yves. Virginia, seems to be- in .
very bad rsy financially. It has gone or
money enough by t.rstion T. to nav 'i ;,s ~
penses from year to year, aud now it has
f h@ad me ena o. i.s credit. 1t Is TO b
cets Of population. fhs.e Is no doubt thsl
it could raise money enough to pay its e1
pe ns "na p4o'' W. i1t Ns oouus - =. "oulu
man.. VIZ '''i0 s s0N
Witt. II, ".
wracF financ,ally. Tha civ has bor1awe "
till It can borrow no more. L appears that .
Leg. s4.d Oh 'ns cs oeot o. 80 ma
reached. 1t is more than probable that tht
city's debt burden is now SO great that wer'
anti would be to lsrssiv dr;vs trsda u .nJ ND IN
. dustry from the city. Rrads!reeIs has otter
point!sa out tE ~ the growing difficulty witt
suitisg from too much borrowing. Money
has been borrowed for all sorts Of purposes
dnsrv W. csn 5snsa iot th ~.
under democratic government cities ahould
pay as tney 80 OF stop going.
mus II appears that tho desire OF one OF
more o. Tue he9's'er employees 10 make 9
lew oolia's mas placed the CITY before the
world as bankrupt, without credit, and pos
sloly on ,ne verge OF Reputation.
In ruin Inc Guy OF wheeling lsnot with
out credis-one OF ills troubles is that it has
osen gwen crea't Wnefe II ought not to
nave nau III as IN Tue caaning Of outstand'
ing ofaere: " can ~ TINS moment sell at
nome az lne oonas II mas neea TO oiier'
ane Guy aoes nut contemplate tne repudla'
''on " uoilM-a CITY 10 flca anu prosper
uuo . ,,. ~ p'e'e1'' as )" arc sute lsuoes
.no 14ouone''' ~ onen' 40 'leuisoi1' ine
o.'y nAe NV ieA,nea ,ne nVe percent unit
-. nuu's.p" 1nueo'euness I'D pfoV'oeu oy
'n ~ Ssato oonos.su.ioa.
!no ..tAA.,.ASoth mas osen a. inc pains
49, ~ a'' mna ~ ev v,,. - analisup 10
u"'o. ~ ~ - " noe.'n ~, o"ee' III tolo'
- . ~. hansoa .S,o'ovo ., .ep oes
w a. n's - soasu uou. " s4'1,pUv, onl,
0'Aau. :h o.a' - 'Ao ""oun' u sio..ooo
my MI 49,. ,s.. " .1o e"uo s-V'ooo.
seoc nm The on.".ar,; - .oo.' was
~ 49,. -, "a - otus'o d.
o.s,.ad ~ exc ooo = .ho ~" ~
honJsd dsht wh;.h - 1,as a'1e ,s 'ae
ras s5so nm has haan ,aduaa, s, =, 1901 ooa
Tha raIns,;en ia - 49,. seasou ~ ss,o' wv
ooN r;va na,oan. ~ .S;a =; sooo o Sto'oVo.
ha,roan tb;o lint 49, .S;a s s.o.'ovo' as
.hsro IL aora;n ~ s s,sz 'n ooo 10y nut oeos
'' ~. ~ 49, $50. - =. SiV.'ooo'
A. a..,.. 49,, r'poaou. - ns'' anu oonu
.n0 oa' o..o. o.uels' anu PROVIDE lot lot
49, ~ ~ 5000 s,oo ooo ptossn'vnn' W making a
.0.n -. ~ ~. .. .s,. anu ~ % Hionsly a.
o =: suas 'u'0 "ouiu incteaae Tue ''''
~ :. eN'1o' =. 'uo ;, - u w. percent
..u.. -. ~ law s1'1'ooo' repre-.
een.lns wv ou.u'Anu'ns ofoefs ana
!nsele0. .u.:oou WV moie,y ~ transferred
uou. ,oa.'us ~ . iunuea 1eps' linus l lar
~ 10 pam 'ha' .ne proposed loan would not