Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-05-15
DOMESTIC BNTELbaGENCE.
if5m IN Nae lork Heruld. lK4sa.

boHgSIb( sNTELbbGENG
FIom r5e Aoe lork Heraid, Rgg =
The crcat talk Of Wall Street, Yesterday, VAS the
difficulties Of Arthur I5ppan. II appears ihal on
saturday, Afthn~a~ under the necessity of asking
Tor an extension irom ms creditors. He made
slut on Saturday afternoon Ia meet all his payments
but not TIL three O'Clock. aud bit beyond bank
hours, had elapsed. Arthur dors a very large bust
ness IN Frcurh goods He called his creditors to
sether, and exhibited large sutplu,--about 500,
00n and YET. IA consequence Of the pressure, and
ihe general dizziness oil the spring trade. lac camr
short sI3o,ouo, OF thereabouts. The arrangement
OF business n the South has only affected him midi
tcrtlN. His abolition sentiments have entirely de-
>rfaNed hs southern businesses, bur he has done ia,
Years, vast traea IN French dry good, with New
England, western Ncw Nork, and the north western
States. II Il calculated that LIS sales IN 1896 a
mounted 10 II .5Oa.p00, on which he charged a profit
.otl0 pcrcout lls manner ot doing business has
beeu .ineultlv precise, scientific aud accurate He
WIS III the habt Of altering thr puccs at ms goods
GA hand, Ia colre>p pond always with the market
pfltcs. Il It hal ot d Goods that had fallen in
value, Nthn, would marl, down the prices even #
he bal 10 sustain loss, III order to adhere 10 the
pnnelpe Of always selling ms goods II the market
pGce. Il lie bought goods cheap, IN rising market
lac would chalk them upIn the same wav In other
respects. Arthur has been very accurate and ser4l-
HE business men. lie has brought vast trade 10
New ofk. The only objection 10 HIM, Was ms
wid Visionary notions about the negroes TWAS rIl-
moted III thu street, that hl- creditors had given
HIM an extension aud that he had zone on again.
Others said TIM The business will not he settled til
to day. We learned however, thu before thfec .
clock yesterla' afcf a long consultations he came
Ia the conclusion Ia suspend entirely. The l. $
bank asencs tHtce Ia renew his paper ior $50 900
! and the EHk al America Tor $4,000. Ills pay
nicnts taf MAY. amounted 10 S2oO0Uo, ANY cxtcn-
son Tor thai reIod, or alcss sum Dian 500 O00 or
/ =
refused Ia Interfere altogether, under the plea thai
thN could make no exceptions. THIS Suspension
vii Affect Boston udihe EAST very heavily. Arthur
Is Nct MIN ol large fortune. and although the pres
sue al The tuaS has affected him TOT aicw weeks he
Is sound ana sub'intla at the core ; has transacted
h1' business on legitimate principles aud will pay
nj hs debts, with 5000, 900 II least over
BauNnpfry stalks along with undated speed Du.
my the present week, Is fan past, the amount and
ehata' ter o the failures appalling Thc oldest
most sot cut, and >rcure- houses arc now gong h.,
the board. We have allcady mentioned the sion
page ol \.Taptan aud the traryz, aud Ncvlns & Co.
/ lhe public want r." particulars. We shall gi,c
/ thcH
II appears that the Sloppage Of the Mcssrq Crazy,
arose from The return oi bills OF exchange by the las,
packrll England to the amount of SIS 600 ster
ing or @ll5,e00. These bills were drawn by the
| l'"nnanS ol New Orleans, ON the house of Iii
ztdi al London. The house al Lizard would
not accept the bills, and the, vere. ,re,,.;,,,l,
returned upJ,, ,.,,t,.., L,,, H., 60, =, -'f
pear tIi3t rI,r confidence ~ ,h, .,l ''' 'P,
h,coln, shaken IN ia, \, r,lc,n. l,,,, law
the clo.r of Mach Ia, 6 p,.,.'l - ny a.
II wnnd also ,rpt.,, r. L ,ia,,, w ~
fh, Herman. ial.1 - M nI. '''''' W ~
Gci We .l,ould ,ods, tlai ,l,, l,,.n, W." '''''
Was i. general opI1inn II, H., ,l,,,l f.t : w ~
uufry m Nm, tou,,tt, ,Itbni,. ,n,,s, ,... w
will have been on,I> ,,,t;ii.L l,,,, tc', 'l'
The i,,ilu,c al = * = E,,,7 ','1i' IN, nm,
few DAYS ,po they ue,r hrfry.I ,,,,,,,,''1i -
siannch a the hanks s,,,,co, ,ll' - 90
| Mountains They have b,cn. l,,.ci, ',,,'I w. ~
reign EXCHANGE ihe eoffon nd \, n,L,,
property and ,afInu, ofh,r nrc,l,,,,,r
The failure of \ ,,ins 4 ca * ,,n,,,,,, .,,,,, !
To the ,xrraot,lnar, fall m Dr, b.,cl p,i
| tallal N percent in \ few wceks h,,',' -, ,c, ,
shofI Tine since: now ~. ar thc,cab,,t.
Tic ,,1,',,, ii ~ Nv - ''o'oN'
zen are III various lines Of business druggists cot
tondcacfs. southern jobb-rs, and various other de-
scrpuons. Ppmcroy y Bull, famous wine MIR
chants, were carried IN the crash than took Ar
thur Tapp,nlr from th, l,,l " ,l s,I, YIN ~
be rceolertcd that Pomcroy ( Bull made them
selves famous few years AGO Tor Advertising the pre
lnlce oi thu glapc lor sacrancnal USES Since tina,
tImr, Gilbert DAVIS has superseded Them both in pc
" and pure luce TIL. great flood of t,,l,,n. h
been caused Irecipltaed b, the last packer Which
brought back large quantities of protested bin. -,
exchange.
NAY
On e'hcsday, twcuty-scycn houses arpc AN,
small IN all branches tladc came down by the run
NsNct they principally obbers and foi,,pn me,
! . al ia ~ a, fill. =