The Clarksburg telegram. [volume], July 28, 1893, Page 4, Image 4

About The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926

Image provided by: West Virginia University

                
iparately. The panic in
treet New York, on last
sday was moat startling,
sautnorities do not hesi
saying that the deollne of
- Jttmen
w icuep alerhand
uture. c^ectlve work in the
The West Virginia University
has received a severe blow at the
hands of the men who went there
last week to infuse it with new
, life and inaugurate a broad and
sweeping reform. It must be
Prof-Thomas
C. MUler, of Fairmont, thefacul
? man and one
who will llll the position to which
? ^6en CaUed' ^"cefuUy
"*satiffactorily. The selection
of Mr. Alderson to fill the chair
of ancient languages is not ap
proved oy the alumni and others
who understand the situation.
No serious objection can be urg
ed as regard* Mr. Armstrong
who goes to the chair of mathe
matics. However, when certain
professors were "bounced." it
was to be presumed that their
places would be filled by better
men. This evidently. has not
been done. The action of the
board in demanding the resigna
tion of Dr. Turner and all other
professors and then their failure
to elect another president, leaves
West Virginia's grandest and
.greatest institution of learning
in a very critical condition. The
institution has prospered under
-Or. Turner's care and unless the
^?n?ts,had a PrPPer and well
?qualified man to at once assume
control, no change ought to have
been made in the presidency of
the institution.
*N the mlfUt of all the financial
reverses that are paralyzing the
country's prosperity. the Semo
cratic press is Ci'ying for '?wild
cat" money. Last w%ek the Pro.
ffress, a Georgia newspaper, gave
ofStetefCanTs:g0ntheqUe8UOn
"If State banks'are establish
ed on a sound basis, with proper
safeguards, it would be as good
rc,i^papernow ln circulation.
Nobody complains of that?in
fact it is preferable to either
gold or silver as a circulating
medium."
Did you ever kind reader stop
to think about the grandeur of
our present banking system and
the paper money we have to-day?
" you know that of the two
undred banks that have -gone
jaixiV* a
?if . K
ia Business College bad 'bought
"roaddus College buildings
persons, and especially our
esteemed contemporary, under
took to say that it was not true.
Nevertheless, the News wus right
and the Business College will
take possession about August
1st, and 4ftar\making some re
pairs will be ready for work in
theirnew quarters about Sep
tember 1st. Broaddus has not
yet secured a new location, but
we hope to see it a successful in
stitution in the future.
Yes, friends the "Tbueoba.u
said it was not true, and used
newspapers are still
saying that Broaddus College has
.been sold. It is. positively not
true.'' we spoue or tne ridiculous I
phase of such assertions and far
ther said: "If you hear of any
setof people looking for some
We insisted several weeks ago
that) this Business College never
would own Broaddus College.
We must still insist that we were
right, and we challenge onr es
teemed contemporary to produce
evidence that A. -0. Davis had
secured any funds worth men
tioning with whioh to make said
FAILKDiUTIONAl BASKS.
800 Hare Cloied Since January 1, as
Againat 60 in 1892.
Washington, July 22.?Since.
the 1st of January nearly 200
National banks have closed their
doors againstJess than 50 for the
same period last year.
Of the failures this year five
hive been United States depoai-'
tories as follows: The First Na
tional Bank of Little Rock, Ark.,
the Gate City National Bank of
Atlanta, Ga.. the People's Na
tional Bank of Denver, the Ger
man National' Bank of Denver, I
the Kentucky National Bank of I
Louisville, Ky. I
This latter tank, which closed I
to day. had by the last report re-1
ceived 1880,000 of United States
funds. The goverment, however I
will, not lose anything by these I
failures, as each national banit
that is a government depository I
has to deposit United States I
bonds to the amount of govern
ment money, it is allowed to I
carry.
These bonds, in case of the
failure of the bank, are sold for
the account of the government,
and as United States bonds are I
at a premium in the financial
market, there is never any diffi
culty in realizing.
This afternoon Comptroller
Eckels ordered bank examiners
to take charge of the failed banks I
as follows: Escott, at Louis
ville, Ky.; Plumber at Knoxville,
Tenn.; Sawyer, at Russell, Kan.;
j Stone, at Vernon, Tex.; Lynch,
at Milwaukee, Wis.
OTHER BUSINESS troubles.
Memphis. Tenn.?The Citizens
Bank of Anthony closed its doors.
Its assets are $154,000 and lia
bilities $50,000.
Greeley, Col.?The Union Bank
has made an assignment to Jas.
F. Benedict, of Denver. The
bank is perfectly solvent, and
not a depositor will lose a dollar.
Russell, Kan.?The First Na
tional Bank of this place was
taken possession of by C, M.
Sawyer on order of the Comp
troller of the Carrenoy. No
statement is made.
Knoxville, Tenn.?The State
National Bank of this city closed
its doors. It has long been known
to be the weakest in the city, and
its failure was not unexpected.
Milwaukee, -Wis.?Bernard &
Jacob Cross, comprising $he arm
of Cross Brothers, soap manu
facturers, have, confessed judg
ment for $21,014.20 on a note
made April 80,1892. and May 19,
1892, in favor of Leopold Cross.
when so good ? re:
Stop that ooufth! :
trouble. Ttkeikirei
and do nofcbe fooled
thing else sailed "
eanae the dealer ', wai
Bold by all dealer*, j
Doctors say the
.catarrh and tart
tarrh core, which it]
method, to the publi
to cor* anjrcdSSra
standing. One bottl
to ?coomDliah a cure,
months. Auk your c
TheStoimprngOc
and auctions in the country,
all communications to Glarksbi
Va.
THE ONLY We
POSITIVE <L
CURE for f&>e
CATARRH NOi
CAN BE HAD FROM DEALER8 Oft WIL
SENT BY MAIL, ON RECEIPT OF 80 <
J. T. Goodwin & Co,
FOR SALE BY
CUNNINGHAM BHOS. i
mm
SALE.
a College.
' * ' - - '?
dents begins
ies and infor
DRIJXJEPOBT -For the. best qnal
? of leather, Oak Harueea, Gal
Kip find Upper, eall oh
ElSZABETH MoOLAIN. '
_ ? , Bridgeport- W. Vo.
Can fill all orders tfittiin 40 days. 23.
v~~ : ?
? For sale. Fivo room house on Daisy
street; large loton Bnckbannon avenue,
Clarksburg. Seven room house in
Salon and 70 acres of land on oil belt
'near Halem. Address
HBRmi J- N- DAVID,
As,t Mifill
Printer's Ink
prises for the peop
large store to mi
in a short timl
Our Gra
e expect to move our
timodious quarteris
We Don't Ca:
ralue!
Praftf m-?''?
?t Care for Cost!
e. We have both eyes-for
The goods are your's al
your.interest; not an ?y?
Clarksburg, W. Va
. -
"" ? ? -
We are talkii
MAIN STREET, CLARKSBURG, W. VA.
DEALER IN
Medicines and Chemicals
WE HAVE BUT OJVE PLAN, we aim to
give GOOD VALUE and prope'r service to
every customerxall the time- US'ill
above, all co
'for the bees |:
of hives mam
kept in stock,
logue of ever;
- in Apiaria to