, 1869-10-09
steeklg Statesman,
Dates to Sept. 80.
fcolRILxD PROM TIE HERALD.l
NEW YORK NEWS.

1nere was alternate remarkable de-
preston and buoyancy. Failures,
receiverships and injunctions form a
group Of events which made the day
without an equal iD tbe annals Of
Wall street. The statement of the
board expressing the belief that the
Bank is solvent and able to pay all
debts. The bank has cot failed or
suspended 1t paid Mondays obi,
cations at clearing hour in gold ut
par, and on Tuesday one million of
gold and about thirteen hundred
thousand iD securities. The result Of
the investigation Of the Committee
oftwenty so far as sscertaiDed, shows
that dealers are short with The gold
exchange and clearing house about
ten millions of gold, which Smith,
Gould, Martin & Co. offer to sell
them at 1876.
New York, Sept. 30-The Times
says of the failure of Lockwood &
Co, that Lockwood & Co and ell
their colleagues have placed their en-
tire personal property in the hands
of j Packer, TO whom they made an
assignment for the benefit of their
creditors. The principal creditors of
the firm reside at Chicago. Cleveland
and other cities They are oil wealthy
men, embracing such capitalists as A
M. Stone and W White, Cleveland
They have been telegrlphed to come
to this city, and are expected to ar,
rive in season for the meeting on Fri.
day, when the situation Of affairs will
be more developed. At present the
firm are unable to state their exact
condition. 1t was reported on the
street that they are credited with
holding a large amonnt of Pacific
Mail, Michigan Southern, North.
western and St. Paul stock also thai
they have been short on the New
York Central for the past twelve
months, but rumors on the street
must be received with great caution
At the Fifth Avenue Hotel last
night there was an excited crowd un'
til midnight. The general feeling
was that relief was at hand and men
could again breathe freely. 1t was
generally thought that the depression
10 stocks is due to the stringency of
the money market produced by delay
in effecting the clearances of gold and
currency accounts on Broad street,
but some believed that some of the
most prominent stocks in the market
would not recover from their present
downfall.
The Times says an application for
an Injunction against the gold room
selling Smith, Gould & Martin out
under the rules, makes an extraordi.
nary confession that forty million dol
lars of gold were bought and sold on
account of the plaintiffs (Gould &
Smitb) in a single day. The Times
says that Judge Cordosa, in granting
this injunction restraining tie Gold
Exchange from enforcing its own
rules, only furnished another illus
tration of the wicked purposes to
which our judicial system may be
postituted.
CUBAN AFFAIRS.
Key West, Sept. 30.-Advices
from Nassau state that FIVE Cubans
arrived there on the 22d from Ques.
ada's camp Gen. Quesada sent by
them twenty thousand dollars for the
purchase Of arms The attack on
Los Alteus was victory for the Gu
bans. All the Spaniards who could
not get into the stronghold were taken
prisoners and killed, and the Spanish
officers taken prisoners we're imme-
diately shot. The Patriots were in
good spirits, and important dispatches
have been received her for the Cuban
JuDts at New York.
INTERNAL REVENUE DECISION.
Washington, Sept. 30.-The spec
ial Commissioner of Internal Reven-
ue decides that wholesale apothe-
carries and druggists, doing business
under regular license, must cease
to sell liquors in quantities less than
half pint lime, or pay the special
tax required Of liquor dealers. The
decision also covers the sales of al.
cohOl Of over FIVE hundred gallons
at time.
FINANCIAL MATTERS.
Chicago, Sepl. 30.-The Tribuue's
New York special says the financial
skies are Frightening somewhat,
though they are far from clear. Smith,
Gould, Martin & Co, is the only firm
which was refused. There has been
one cause for their failure to resume
business which Is, that the firm holds
about six millions Of gold aud the
gold board is short that amount. The
trm WaOt the board to buy that gold
making the settlement at l35 and
paying all the difference. The board
declines and is endeavoring to induce
Secretary Boutwell, to sell six mil.
lions. This will enable them to pro.
oeed withOu. buying of the 6rm.
Probably plan will be proposed to-
day TO harmouize the difference be-
tween Smith, Gould, Martin & Co.,
and the gold board.
The gold exchange bank appears
IN q dark situation and probably
cannot survive, it being understood
to bave loaned heavily to Lockwood
G n nha fa.l;n. q -