The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-12-02
sWaEEL1NG

AY sNlORNIN G. G,,iDECE
1856, the spirits having been preyiously
mixed With wood naphtha or "methy
! It Is understood that spirits thus me.hy
hted are unfit to be used as a beverage
while they remain uninjured for the gen
eral purposes OF manufacturing. II |.
suggested, therefore, that provision b.
made for the use OF domestic methylatet
spirits, free OF tax, as 4 measure tending
TO encourage manufactures, both for home
use and for expectation. -fflf
oun MERCHANT MAnlxr. 'Ia
| When the nature Of The distractions ir
the way Of revival Of our shipping |.
fully investigated, tho cost OF building
ships In the United. States will not,
think, be found to be d serious one. Z an
convinced that II the duties upon the for
eign materials used In the construction
and outfit OF ships were removed, they
could be built and fitted for sen as cheaply
in tue United States as In Scotland,
Manual labor, it IL true, Is much cheaper
in Scotland, but 1t Is less efficient Be.
sides, most OF the work in iron.ship build.
ing Is done by machinery, in the invention
and use Of which Americans excel, Scores
Of things are done in Glasgow ship.yards
by hand which in the United States would
be done by machinery. .3j2 K a M
There is, in my opinion, no prospect
whatever that the United States will ever
sllare to considerable extent in the for.
eign carrying.trade without Government
aid. The let-alone policy has been tried
for many years, during which our ships
have been swept from the ocean, and We
pay every year many millions OF dollars
to foreign ship owners for freighs and
tares. : Ought this condition OF things to
be continued ? - .-a' a'3 s4 ~, =
Entertaining these views, do not hesi-
tate to express the opinion
Fayt. That without Government aid 10
United States steamship lines the foreign
carrying trade, will remain in the hands Of
foreigners. 5 sl,I e.
Second. That as We ought to have an in.
terest in the business which We create,
and nj the restoration OF our shipping in
terestis important, il not essential, { 10 the
extension OF our foreign trade, subsidies in
the form OF liberal payments for the trans.
portati0n OF mails or in some other form
should be otlered,as an inducement to in
yestments OF capital in steamships. Bi
The amount OF necessary aid would be
insignificant in comparison with what has
heen granted to manufacturers by protec!
ttve duties, and nothing would lie paid
until the services were rendered. :
q SILVER COINAGE SHOULD CEASE.
From the Treasury statement it Is seen
that there is no surplus gold in the Treas
ury, and that! the reserve has been
trenched upon; !. that there is. no plethora
OF any kind except silver dollars, for
which there is no demand. - 80, 81
Alter giving the subjpctcareful consider
alton, ] have been forced to the conclu.
sion that unless both the coinage OF silver
dollars and. the issue OF silver certificates
are suspended, there is danger that silver,
and mot gold. may! become our metallic
standard. This danger may not be- i'm
mlnent, hutit is OF so serious a character
that there ought not to be delay in pro
viding- against it. Not, only would the
national credit be seriously impaired il
the Government should be under the me-
cessity of using silver dollars Or eeffiti-
Gates in payment Of gold obligations, hut
business Of all kinds would be g,eatly dis
turbett; not only. so, but gold would; at
once cease to beta circulating medium,
and severe contraction would Be there.
tult.S g; y : = =
The Treasury would be relieved, in
measure, from the burden Of the silver
now held IN the Treasury by 4 Withdrawal
from circulation of the one and two dollar
notes. This would not be gain to the
Treasury, but would be gain 10 the conn
try by increasing the amount Of silver in
circulation. Five dollars notes should be
gradually retired and half and quarter
eagles issued to replace,them. The trade
dollar should no longer be tolerated. .s. !.
" NATIONAL RANKS. -
The number OF national banks in oper-.
alton November ], !, 1881 was 1859. The
number OF national banks organized dur.
ing the year ending Soyem ber !, 1884,
was ISL, william aggregate capital OF SIG.
042, go. Circulating notes. have been lis.
sued to these llew associations amounting
to S,S4 jsO. These new banks are 70,
Gated by geographical division, as follows:
Eastern States: ten banks, with capitavof
$Sl0.0 600; Middle States, twenty e banEs.
with capital of 81 $3.50; Southern
states, thirty banks, with capital OF So
Ml 100; Western States, one hundred and
two banks. with capital of ss,eO5, $50; Pa
cihc States, five banks, with capital OF
$50, 900; Territories, nineteen banks,;with
capital Of 81 l43 600. Il I, ;i.,s,.;
< Since the establishment of the national
banking system. on. February q; 1859.
there have been organized y3,2Gt national;
banks, OF these, ,S4S9 have gone into
voluntary liquidation by vote OF share:
holders owning two-thirds OF their respec.
tive capital, and 100 have been placed in
the hands Of receivers for the purpose OF
closing up their affairs; 55.t1; "a ~.
Z The aggregate capital of the national
banks Of the United States on October
1854, was s524,eGG,Si5; the surplus was
Sl41 ,0+5, ,Ss' %; the circulation was $685.
10, %; the individual deposits were $975,-
259, 9295 Il; the loans and discounts were
81 ,2+0,07O,797 02; the amount Of specie
was Sl3s, ,GW, ,474 ID; the United States
bonds to secure circulation were S.s27 ,l35
600; and the United States bonds to secure
deposits and for other purposes were s;,0,-
4l9,G0O. 5P7 4; s;l.!isS5%sss -
Inasmuch as about sls5, 900, 900 OF tile
circulation of banks is based upon our 3
percent. bonds wlich ipre nov redecms
able and being rapidly redeemed, rene:
dial action caR2G6t be postponed beyond:
tile present; ;sessioitif 4 rapid reduction of
ourt5pS 1ofe circulation is to be avoided.
'Elieimatter,i ,is nSeryS important zone, and
should receive immediate attention. :5.5a ,959l
'1ESr Telephone Suit, Decided. q ii; II.
NEw ioRx, Dec. 1.-In N.e Unitcdstates
circuit court to-day Judge Wallace handed
down . decision in favor Of the American
Roll Tplpnh ono Connonv y in n et,it bro,,,,h !