, 1869-05-21
FINANCIAL TROUBLES N NEW
YORK
Tho sehepoleT Failure and the Akin
DcfAIcN&l &l0n.
PROM sAS yxw Yark TtfbHnk, Xdy Is

DefAlcN4i0ns
PROM tAs y<w York 1tfaxn<, XaylA
TIE BHKr1LxR FAnuKk.
The unfortunate mania Tor gold speculation
nnaaciers Into transactions which, 70 say the
leass Of them. Here extremely iool~hardJr yeste1.
day caased the downfall Of IN old and pEoMi1eu;
viaoie Ieputstton in this ctJ and abroad st1ce
1ssa Nesnz schepelcT 4 c., of No os Wan
sttrcE when sheJ adhered to thetr Legitimate
petroleum, providons, and ether 2roducsa thea
sc1e. Bst = lste ta<1, 4 eoalao1
,gt,,,.x w,sa otnsh Fa.S ioe ID, are IN Ted Dssn
tfa1:inE Inst ne Feetly ssies 1n1m the Secretary
o. no Trtasu11 was expected 70 Htste md othe1
eire6 in SPITE Of thtf eIo1ts md fneF seemingly
beer s.ead1y rising for seveial davs pasf, and at
speculate heavily % covE rnelr former lases- It
Sl.a Sc ee7saia - % pattes Siia ne,co6 q spn i
sa1ses ss ges .sd eoshe as5
the marSet. When gold commenced 70 r!se they
considered that lss Il dauou wvald be on1y tea7-
Finally, however, The payment q ae4vy mrgns-
toward the Last q seven and ctEht PeE cent-e1~
hauzred their efcnegaeI, and a7 Saturday they
oo'tsa,io. \ TnsnetuA amount Of tacr deficiency
Inc iMinle Of s:nepeler 4 Co. was nnortd On
sne street At 8 o'clock yrsseriay mcs1kz but SO
HellknoHn was tue nsIp, and 90 well established
theif reputation for S1rew dness md buGbess tact,
thle hy many the 'run1or was regNtA a
ever, Il tne hour wheu tnose Struggling, huHtnng,
yelhaH masses Of humanity, 5clcpt the God AMI
Stock naards, assembled st t1er rooms, II T1Ste-
we're ros ontJ not rnfoundsd, but, strange to eay,
were nos exaggerated Immediately the excite
Etut became Intense, and ssoepe3er / Co. faH-
k-A~ Ia Htr- vnf1
street goxstp for the balances NJ The day. It wa.'
somewhat amusing to note tEs amount OF knoWl-
edge etlneea regarding tho toxntailen nIm by
mated ctaa1'of I-told-y you-sos-" TheJ bad FORE
seen the c1zsn aru weTo cear oi; II, and hn1zpd
as1erf sht .s ruses e ahe e eu
scarcely suppose them capat,e Of encoun-
te11ng. But there Wa large class who said
VOWED by the tNn, ahoae connection in this city.
a. well a In Europe. was sery extensive. OF
these, rany we1e reported to hascs failed With
Was nsce4talned that Ill had paid up WIN the eI-
caption Of two-Htss1s. schelH1nl, E1sut i
seheppe7, of @ kschAaxn plaee e snd Mess kresz
ported 10 hxye failed ous there WIS nCffdnH def
Mite asctrtalne4l - to them.
Board, Rrld, which hid previously tucrussed con-
stdeTstay, On the strtnath Of the carry rauaors.
weat up from t40H to- its4- fell agaiu To- ll4,
maintaining this figure until afternoon, whEn Ii
rose to 1{s, closing At '41S 4. In the ahxcnca Of
cable G1ot2ttcRs, vi hic1 mort uzually enrss the
variations In the gold mNEet, these fuctuaStoaa
are attributable solely % The fAilure Of AeAKA
Seospeler Co Thtre was much comment ut
the baard on the nbsenceof these quotations. brs
the neElbers h.d rrptaelJ forgotten that the
don aud Frankfort and th.a the business Of hotn
9! tho grand commercial centres Is suspended
during their continuance
be nblc 70 meet ltthc Of t4e1r hcavy habIitles,.
as they used all their aya1ahss funds on Saturday
to meet heavy foreign call
TIE BROAD s1K1Er rB7A1cAT1oS.
Mention Fas na.Ie yesterdnT that partner IN
well-know1 dowu|own brokerage dEn hAd dlsap-
reared With la1se a1,oqnt q tands belonging 70
which he had procured fron,,the CITY National
Baul- The missing partner e Richard 4. AAn- Of
street, heretofore known aa cne Of The most
IL; sssSs$s H. + NJ, ,ssf,'.; q :'a:s !;
police headquarters, il appears thcs about ocloek
n N. on Saturday Mr. Akin tooE 200 shares Of Pa
esc Nal aioek go saa5ea ~ ~ Of xsT {al
Central, on y hca he Obtained two certified checks
from the National Clty Bank for saa,s.5 and 9sa61
worth Of nitcd states .-en bonds from Jay couks
Co, Of Na4sau <reet, and $4,000 OF the same
denomination from chG1les AcCu1c Co. a. be
Davis made inquiry, and learned the above state
Of faeta- Various ranoEs have been noatinX on
the streets to the effect that tho National cry
Bank tad sren badly stct!uzed hJ the missing
man, On inquiry, however, 1t appeared that the
total OF the fwn checks certified at the
bank, orc1 and above she Amount Of collateral
security ieposlted BY AKIN, amounted 10 $4,000,
and this IS all that the bank will lose, should the
missing man not reto1u- What particular reason
led Ain 10 leave in the above manner has rot yet
tra0sptred. lie hiss heretofore borue high repu-
tartM In the commercial world and his partner
placed the most hEplklt confidence II him. He
resided IN West Twenty third street The matter
ts In the hands Of tha police. who Will, Of course,
nse every c1ertton to- discover hls whereabouts
be found lie has gont frnn tho country, It u be-
teFed, knd probably this Case Will be but one
disappeared from Wall street and vicinity, with
large auaoRuts Of. money belonging to partners or
creditors, md have not again been heard from BY
their ssctink or the operators In our great tnAn-
ctal whirlpool.