The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1869-10-06

of their creditors aecede tc
their proposition; Smith, Gould, Mar
tim 81 Co. will adjust their balances
with them.7 Smith. Gould, Martin &
Co. have notified a large number o.
their creditors that Tomorrow they
will pay. their balances. due. The
whole muddle is, therefore, approach
ing a satisfactory solution.
Lockwood & Co.'s failure has not
caused any suspension in.the street
The principaflosse
the banking houses in Ohio and West
ern New York. GGefss ofYlafge
amounts have been made to Messrs.
Lockwood & Co., to enable them to
resume. Their liabilities are estifnat=
ed at between $4,000, O09 and $685..
900, O0Q.A fb6ughStlf Ee&aetsahaodhE Of
the value oftheir assets cah'not BE al.
certained at present. The assignee
hasa large force of clerks and acc6uh-
tants at work, and hopes in q few, days
to be able to furnish credi5orsa state;
ment of the condition Of tfie concern
1t Is, however, more than intinnte5
that the failure is by no means soc bad
as has been reported, and it is not un-
likely that with the aid so freely and
generously. volunteered on, ALI hands,
the house will find itself able to resume
business in a short>time:T =
There was Informal meeting Of the
Directors iaof: the Lake Shore and
Michigan Southern Railroad at their
office in Williamaistfeet, yesterday,
the. absent Directors having been Ftp,
prised by telegraph of%;the failure Of
Lockwood d. Go and feachesF mis
city on Thursday evening. aSevefal
Directors who were here Yesterday,
with q desne to secure the 100 opera.
ton of Commodore Vander5ilt:in the
Lake Shore combinatieB approached
Mr.. j. H Barker, President OF 4he
Bank of New York, witha propoeii ion
that he should acceps the ~Positfen-Sf
Treasurer in place OF; r.'I1ockwoOd.
1t isibeiieved in-welEinformed- eireles
that the more conservative Direct1rs
are !oppesedlte this. change Az least
it is reported that. they decideds IN
view of, the fact that Mr.. Lockwood
had not resigned, thatno action should
be taken for the present, and the meet,
ing therefore adjourned wftlfoutf ar.
theEdiscussion. 1t is also currently,
reported that the company sre.ofe4ii
TORS of Lockwood & Co, to the extent,
of about 4 million ana ! harff When
these rumors were; circulated in the
street, a decline in tile stock Of oyer
four per cent. WAS noted" = F.ct
The Sun, of tomorrow, viii publish
tile following .
s.In Yesterdays Sun We publishe4a.
conversation between Abel r. Cochin,
the Presidents brother-in- law, and d,
Sun rep prter, which occurred in the
re r,partor or.thdt gentleman's private
residence. dt.3T West Twenty-seventh
street. We called ut Mr., Corbin's lie
sidence at II NJ, but, owing obs be
ing then engaged, we were requested
to call again at , p. NJ. Accordingly
we went ut the time. appointed BIZ NJ.
Corbin, and he was still engaged, bSt,
sent us worl to return at 1 p. NJ, aud.
ipunctual to time, we called at that
hour and were received. The. inter.
view which followed was reported in
yesterdays Sum lut: incompiefay,
or our-interyiewer suspicioned from
.wo concessions o" rcmarks made bs.
Mr.. Cortin that he. and he{TreiideHt,
of the. United States were Implicated
in the dealings OF. the gold ,cljdues;
created last weeks disastrous
panic in Wall street, notwithstanding
the question and reply : y
.tEeporter--It is currently. report
ed, aud / think really finds credufotfs
believers. that Jas Fisk; jr:a; hasbeenI
seen to come here witRin'
the last few days. His coach, it is said,
has sto ID in front Of your house for
hours; both by day aud night. 81 Fur
Their, itis said that he has connected
himself with the Administrator
through you, and had Government
semi official authorization for the move
he has led for running gold up to'hiSh
rates. 10 ~ :.
"Mr.. Corbin-Mr. Fisk may have
been to- my house twice since lived
here, but not since this panic began.
The last time he was here was last
summer, when he called at door to as
from me when my brother-h
law would pass through: here, Oh his
way to the watering places. He want
I'd Mr. Grant and family % go on3his4
boat. ] do not.associate with saghd
men as Fisk, He is a fast maRsof tfei
.ity, while l am a staid,, careful
/ have nothing to do With
my such men as this Fisk. III Il
That there might be no possible Os
MIR Albeit orbin with parties
of G General Grant, we remarks
ed : ra. >,l rs-. &l, s2ntaI
"Reporter-It may be that some
rslation ii of General Grantshhs
been aiding tie gold gamblers and to1
his x1 ,ew...J u ....L6 ~ Rd
"Mr. C6fbin replied: .There are
10 other relatives Of General GraatJa
New York, and the report is whaay
Mr.. Grants brother is. in ChicarI
20, a. MERCHANT there; and none. os1hel
Presidents relatives, except my. Miesb
ii4 sister, and myself, hayebsenihsae
the lassitep- days Mr, Gfaht
would not hold IN. interview; with,aaN
'uch man as Fisk, jr: None.ot par
relatives have been used by the stock.
ind gold gamblers. nor has any, aaer
If them 4beenobehfited by the Opeyar
ions. Neither has this Fisk, ira, cOeq-
with me now or ever, and
10 other person has communicated
With me, either verballYor by writbfg.l
o.nok,,.1S -af01l- r. n.O1.H -