The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-07


Preparatory to his sermon yesterday
morning at st. Matthew's church, tho
pasror, Rev. Il. Ruah swopo, SPOKE
timely aud we'll on the inapGlal situO-
alton, both in a general way as applied
TO the country ut large and particularly
asto the situation in Wheeling, accentp'
atod as tits by Saturdays bank failure,
'Thc question is discussed" said Dr.,
swope, what caused the present iinan,
cInf ditRcuities2 We End n number Of
peoplo who claim 1t is due to the recent
political changes, which seems to INC to
be Is very foolish reason, Looking at
England we end two great political par,
tee, Just the same Qs Il Is In this coun'
try, aud when the parties in power
change no one thinks OF Vepturing tho
e~p,nion that the change will overthrow
or disturb the financial condition Of
England it IL really q matter Of very
small importance whether Democrats
or Republicans be in Office. The men
who are at the rGins OF government are
not trying to destroy business Interests.
We are also told that tho present dnan.
Cial trouble ia duo to the Sherman bill,
and that whom Congress meets and this
bill ia abolished, then prosperity will be
restored. Tho situation eeln to me to
be like the case OF the physician who
was called in to treat u nervous patient
who really didn't need medicine; the
physician prescribed n bread pill and
The patients faith did the rest,
THE American people have great
FAITH IN LEGISLATION
and no doubt after Congress has met
and acted, spd the people feel that
something has been done, business
affairs will right themselves. But it
seems foolish to lay the blame on the
purchase Of q certain amount Of silver
by this government. No one who be-
gins to appreciate the wealth and
power OF the American people. but
must understand that the government
could not only 80 on purchasing silver,
but might dump Its entire purchase In
the Atlantic ocean without affecting the
financial stability Of the country. At
the same time | don't understand why
the country should purchase u certain
amount OF silver, any more than to pur-
Chaao the same quantity OF potatoes or
pig iron, per month.
1.-THE real cause Of the present trouble
seems to DO us some bankers have do.
cllred-a bankers panic. Capital, as IL
,.,II L,nVJo 10 ,imtJ ouI nuaoe,,ott,,n
There is plenty OF money in tho coun.
try, and thOro seems to be very little
reason for tho present financial condl.
ton. The banking Institutions that
have failed have all done so with SUN.
ciont assets to moet oil claims against
them; but they have not been able to
realize promptly on their securities.
The very best Of securities are being
declined by money lenders at the pres.
eat time"
EXCHANGE HANK FAILURE.
1.-THE failure ofthe Exchange Bank Of
this city" continued DR.. swope, us not
due to any lack Of business foresight or
Judgment on the part OF the men con.
nOctod with it. All know that they are
men who helped to make Wheeling
what she is, and gave her q reputation
Tor financial soundness known every
where. They IRE simply unable to real.
izo on their first class securities, held by
them Mt the present time. Tho men
who have money are holding on to It
and refuse to lot II out OF their hands"
"What tho people Of this country and
etthis community particularly want TO
dois to exercise u little common sense
aud to trust in God, and these in the
proportion Of two OF the first and one OF
thelNtter, etthem not become alarmed
and hasten to draw their deposits in the
banks OF the city, merely to hoard 1t at
home, but 10 what they can to support
the monied institutions of the town,
Good swimmers are often drowned when
attempting to rescue one who has gone
beyond his depth, because the drowning
man will catch at his rescuer and ham
per him so that he Can help neither
himself nor the drowning man. Now,
II tile dopositors hamper the judgment
and ability Of the bankers at tho pres.
ont time, by Withdrawing their deposits
in nervous ioar OF loss, they will prob,
ably bring destruction on both them
selves and tho banks"
wnEGLINu's BANKS SOLID.
81 have it on the authority Of a gen
tlOman prominent in business aud bank.
ias circles in Wheeling, a man whose
judgment is exceptionally good, aud
whose word is beyond question, that al
present every financial institution in
Wheeling is ON a solid basis, and they
haSsthoability tomeetnll demanda made
upon them. There is therefore no rea.
son for a panic, and tho community
should be careful not to encourage this,
put TO exercise common sense and faith
N God, and with tho opening up Of the
i1ll trade business affairs will naturally
tight themselves"
Home From tho Tournament.
Tho N,rNinB, L,..u n .,,.l