Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1893-07-16


kU,s offers at Tx cents per ounce. VIZ. sr
eEAe figure Of the Treasury coun nt .otal
Nfther details are withneio. Ats for
AZount Of silver purchased up " 49,
'/uly is SO, $40 ounces state
NV YopE Juiy 10. 1.-The weekly stase
menf of the associated banks shows eue
following changes: Reserve, increA .;S,
$Sl2. 925: loans. decrease, 8, 80, iVoi spso
increase 1866. 200; legal tenders -
sS7S. 600; deposits, decrease, 81, o., wv, anss
eula,ion' increase. $lTT, 600. The oansS
are now 81. 26g. 100 below the requireiieH''
Of the % per cent rule.
CHICAGO. July l5-The Boston Fouu ..,l,s
Company. which has failed, IS Guilt TSa
ton of the Schlesinger Syndicate tne
Schlesingers went into il the hrst "a w
wear. but il has been shaky for some s1lle
and its inability 20 draw upon the Oa0A0i'
for assistance sent il 10 the wall.
The Schlesingers own great Ii.'- 49,
mines in Northern Michigan, inciuulns "a "a
Chaplin mine, the richest IN the "o-t oS
The estimated value OF the hines
by them is $50, 000. 600.
In addition to their mines, they own many
furnaces and are interested IN foundrles ~
various large cities One OF them IS TUG
Boston foundry here, which failed to-IAy.
The term "Syndicaten as appned "
them is a makeshift name. There Is aT S,s
ally no consolidation. The mines cohtrolleN
by them are organized as separate corpor-
atoms with one or tue other OF the Scnles-
myers as President. For THIS reason
while an attachment against the bulsio
mine makes public tho difficulties OF IIo
so-cslled syndicate, it does not necessarily
indicate collapse. -,.s,.
A complete overthrow OF the Scnlesin-
=. I nA
financial institutions Of America ana even
to some Of those in Europe.
The liabilities of the Boston Company
consist OF notes being due IN d lew
days and notesalreedy due TO the
extent Of 1850, 600 with accounts against
the company for $4,000. The attorneys
for the assignees state that the failure was
precipitated by an inability Of the COM
pany to make payment on notes held Dy
various banks which did not desire 10 nave
the paper renewed on account of the IN
certain condition Of the money market
WAsH1xeroN, July 15.-The gold reserve
is gradually getting back TO It's full amount
of Sl0O, 000. 900, as result OF the sIgnt I'M
provement ia the financial situation. To-
day it was S9S, 405, 1856, gain or Szo,vsf
over yesterday.
NEW YORK, July 15.-The Secretary OF
the COffee Exchange has sent the Ioll0W-
ing letter to Secretary Gresham; Ine
Brazilian government, owning the tele-
graph line along the Brazilian coast, has
prohibited all cipher dispatches from the
United States while allowing messages in
cipher sent from Brazil TO the United
States. This places our merchants, and
especially the coffee trade OF the United
States, at a great disadvantage and at a
great expense. 1 respectfully submit to
your consideration, in behalf and under
the instruction Of this Exchange, the feas-
Utility of inducing the Brazilian govern
ment to so modify the prohibition as to
allow merchants in Brazil, correspondents
of American merchants, to lodge with the
proper government ofiicials in Brazil their
cable cipher codes, aud to permit recip-
tents of messages 10 translate them IN the
presence aud under the direction Of the
proper officials President Eickert, OF
the Western Union Telegraph Company,
also wrote TO Secretary Gresham letter
endorsing the request OF the Exchange.