The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-11-26

fully reached, hau crazy uAn " tAlu
% have appeared In the streets OF Paris
sxclaimiug and persistently repeating
In Ffeucbl these words, viz: what
ever goes up must come down; let every
man look out for his own crown" No.
body knew exactly what he meant, bat
II finally occurred 10 some people that
il might mean Laws scheme, and 60 tn-
terpretine II they made haste to unload
their certificates Of shares, and others
made haste to do the same, and then
still others, until finally there waa q
general craze to unload, alter which the
historic denouemsDt was soon reached.
The bubble burst and speedily million
aires became beggars. Whether his
tory repeated itself in this respect In the
streets OF Kansas City have not heard.
It might we'll have done so.
SLOW EBcovERH
Action and reaction being always
equal, there had Of course to be col.
lapse corresponding to the imitation,
aud sure enough this has been the case.
Like the CnpernRum OF Scripture. that
was first exalted to heaven aud then de-
pressed to sheol. so this Chicago mum.
ber two has since 1889 been struggling
in the abyss, seeking solid ground and
not finding any until very lately. Even
yet the ground IL little spongy. Like
the boy who was kicked by the mule 1t
is not so handsome financially as i
once was, but like that boy, II will
know more hereafter.
The exact status OF Kansas City at
this time, and also Its status prospec-
lively, arc too conjectural for me TO
opinionate about Times are trying
here even yet; everybody says SO; real
estate is very low aud rents still lower.
They felt so poor that they did not
open the Exposition this year. The
building business never was quieler.
Too much mortgaRed property hanging
over the market. The population uum-
bers about 900. as compared with
$4,000 at the height Of the boom.
Houses wore rented free q year or so
ago to people who would take care OF
them. THE same thing happened in
Wheeling in 1910, after tho great panic
OF 1887. There are probably still some
free houses. This 10 delicate subject,
however, aud one has to be careful in
referring to it.
FAITH IN TIE PuTuRE.
All the Wheeling people out here are
loyal to their adopted city. They are
"bulls" on the situation, ifyou understand
whatthat means. In other words, they are
optimists. They talk up tho town and
believe in its future. For instance, Mr..
Ed. Clendening, who is the secretary OF
the Commercial Club, and o wide
awake citizen, handed mo q fly leaf fol-
dor the other day on which there Is o
summary Of many II not all the good
things that can be said Of Kansas City.
At the outset It puts Kansas City, Mo-,
and Kansas City, Kansas, into one com.
mercial community, land It Ia but onei
aud then gives the combination the
tenth place in bank clearings. the
eleventh. place ia the volume OF general
business, the ninetesntn place In the
value OF manufactured products, and in
population the twenty-fourth place. 1t
then goes on to further specify as tol-
lows:
HnVG over ulllCA VI phNuA nAbtohh
Expended over Sl.0OO,0OO for paving stroea In
Have the larEcstclOy pipe and tito works in the
world
other city Of equal population IA tho Vnited
States
Have 10? churches, aud church property valued
at S,A30.5O0
Have 10 public school buildings ana property
valued at S!.O00Oo0.
Have appropriated and will expend this year
for public library Sno.O00 ,oo,,,
Have 9Gllnes Of RAILWAYS with 6o.S26 mileage.
Have engaged In the grain business ~, nfns
Have Il grain elevators with about oVlV'VO0
bushels storage capacity, an.
Have seven Touring mills, 1000 barrels capa.
ny Yhss 81 secona largest 1.-Two stock market In tho
world. Il Will DO the largest in three years.
Receipts OF hive stock III 1898 aggregate S9i,VoO-
Have 75tlrms and corporations engaged In the
live stock commission business.
Lave tho largest horse and mule market In the
Have the second largest meat packing industry
in tho world.
Have Isl manufactures; output 10 1893, SIS
600 900 capital, Sill 0OO wages paid, S. 900 900
Have $50 Arms aud corporations In wholesale
and obbng trade someSs;as Sa
business OF over sS7, 900, oQl In 1898.
Have the largest agricultural implement trade
Of any city In the world.
1t strikes me that this 10 agood show.
ing ior city 40 new as this one, aud
really and dispassionaiely, / do not sec
why the place will not soon fully re-
cover itself aud go forward once more
conquering and to conquer There Is at
at leastas much raison d'etrefor thefuture
til at may be as for the past that has been.
Nobody can gaiusay this proposition.
and this much being granted tho "bull"
arguments OF our friends Clendening,
ogIcbay, Ed Hornbrook,, John Bayha
and all the other colon'sts. arc con-
elusive.
Speaking OF John Bayha, reminds mo
OF his good old German father. who was
one Of the pioneer porkpackers at Full
ton, and who was also one OF the early
patrons and friends OF the INTELLIGES-
GER John and D. G. List. IT,. are part
ners here in the real estate and
loan business, and he is the same genial
and rubicuud and well-preserved person
you used to ace at Wheeling twenty
Years ago. Mr.. Glib Lamb, OF Wheel.
ing, as you remember, was also in the
same business here for number OF
years, and was recalled because, as Col.
Exley would say, he was wanted in tho
business" at home.
AMUSING INCIDENT.
Mr.. James Nave (of Navc, McCord &
Co. here) tells an amusing incident of
his first acquaintance With Mr.. Lamb,
who, when Mr.. Nave was student at
Bethany in 1861, was the youthful pay
ing teller OF tho old North western bank.
1t seems that tho youthful Nave pro-