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Page thumbnail for The Wheeling Daily Intelligencer
Domestic News August 24, 1877

The Wheeling Daily Intelligencer

Wheeling, Ohio County, West Virginia

What is this article about?

Wheeling sees rise in real estate ($10.3M from $9.9M) and personal property ($5.5M from $4.8M) values in 1877 vs 1876, plus population growth to 28,270, bucking national decline amid economic hard times.

Merged-components note: The three tables provide the data referenced in the article text about city property valuations and population, forming a single coherent domestic news component.

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Full Text

The Intelligencer:

City Real Estate and Personal Property.

We observe that in the cities of New York, Chicago and St. Louis there has been a noticeable decline in the value of real estate and personal property, as returned by the assessors, since last year. And we see it also stated that this is the case in ten of the leading cities of the country. We presume the same thing has occurred in very many of the smaller cities and towns of the land.

It has not, however, been the case in Wheeling, as the figures lately handed in by the City Assessor will show. In every ward there has been an increase in the value of real property, and in every one but three an increase in personalty. The real estate of the city is returned at $10,303,221 for 1877 as against $9,913,421 for 1876, and the personalty at $5,489,629 as against $4,823,244.

In regard to the personal property it is only fair to say that there is a variance in the figures returned by some of the banks and those returned by the assessor, but even accepting the figures of the banks there will still remain an increase in the value of personal property in the city over last year.

Not only did the aggregate value of property increase in the city in 1876—the year of the greatest depression since the panic—but also our population increased from 27,933 to 28,270. For convenient reference we herewith append a table showing the population of the city, by school districts, for the years 1877 and 1876, and the property valuation in each of the Wards. It is as follows:

[Omitted garbled table data as unusable]

We presume that there are few cities or towns in the country that can make a better showing these hard times than these figures present. Wheeling is often reproached as too conservative in her ideas. Her conservatism, however, pans out to good advantage after four years of a panic in prices.
Washington18771876
Madison3,7543,64
Clay4,4784,26
Union4,0303,87
Centre4,8474,69
Webster2,8962,8
Ritchie4,5334,6
Tate3,7823,95

First Ward883290$760,190
Second Ward1176,0151,639,740
Third Ward2308,2002,245,550
Fourth Ward7530735,730
Fifth Ward1687,8001,035,440
Sixth Ward1664,3001,613,350
Seventh Ward8430697,650
Eighth Ward1148,2661,145,771

First Ward$238,689$215,180
Second Ward1,451,9681,820,840
Third Ward2,516,5871,931,560
Fourth Ward85,435174,480
Fifth Ward35,633275,891
Sixth Ward529,233139,268
Seventh Ward151,015188,190
Eighth Ward216,102217,885

What sub-type of article is it?

Economic

What keywords are associated?

Wheeling Property Real Estate Increase Personal Property Population Growth Economic Assessment

Where did it happen?

Wheeling

Domestic News Details

Primary Location

Wheeling

Event Date

1877

Outcome

real estate value increased to $10,303,221 from $9,913,421; personal property to $5,489,629 from $4,823,244; population to 28,270 from 27,933.

Event Details

Report on increase in real estate and personal property values in Wheeling despite national decline, with figures from City Assessor for 1877 vs 1876, and population growth; tables show details by school districts and wards.

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