New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-19
NEw-YORK SATURDAY. MARCH 49, 1s7O-TRIPLE SHEET.


the air with smoke and fragments OF the uhsea
worthy shin and covering the ground with the re-
| mains of ruined victims.
The first intlmaon that the hour Of the maj Crisis
had struck was on the morning OF last SUNDAY req
49, when the civil authorities were informed thaI
Sgnor Rufio Scilla about to issue MANIFESTO 10
the effect that he was forced to stop payment The
gingerly terms in which he announced the event
NAV be taken as model by unfortunate fnanciers
| CAS- my payments have extraordinarily increased
and the deposits with me have diminished, 1t has
become necessary to demand more time for reim-
bursements" Upon being pressed by the Govern
ment officers to exhibit the state of his affairs Rufo
Sca admitted that his liabilities amounted to 10000
600 francs, while he had scarcely 100000 in
his bank, leaving the enormous deficit Of 39OOOOOO
francs NEARLY IS 600 OOO The examination of Scilla
brought many facts TO light, which, if they had
transpired three four months ago. it is said would
have saved numerous victims of the fraud and pre-
vented an untold amount of misery. His confessions
have not yet been fully made public but 1t is under
stood they led at to the adoption OF decisive
measures in regard to the other bankers. Their
places of business were forthwith entered by the
police who took possession of their books and papers
seized whatever money was found in the banks, and
arrested some twenty more of these exemplary in
dvidnals The Sc enc is described as one Of a truly
before the doors. Among them were seen decrepit
old men, women with haggard faces and hard
handed laborers. who had just become aware of the
ruin that had befallen them, and who stood there,
in agony and tears the living images Of desolation
The excitement continues with little abatement of
intensity up TO this time. Since the crash on Sun
day. several additional arrests have taken place. the
whole number at present amounting TO thirty-one
Next TO Ruflo Scilla the most extensive operator
was Giuseppe Costa the sum of whose liabilities has
not yet been announced, but it is estimated at not
less than 100000 francs. At the time of the eG-
poson there was found in his bank only little
more than 1900 francs He had previous agree
ment it seems, with Scilla, that in of run on
the banks they would stand by each other The
crowd collected before his bank on Monday morning
angTly demanding the restoration of their deposits
With the small sum at his command il was difficult
for him 10 keep the furious multitude at bay. After
making them wait more than two hours under the
pretense that the key of his casl-box was broken.
the clerks began TO disgorge slowly to the rayenous
depositors. III the mean time he had sent TO Scla
for the promised aid. who returned the cheering re-
py that as he had only few thousand francs IN
paper, and small reserve in specie. he could do
nothing. Costa then sent n second time, and even
went in person TO Scilla and thus succeeded IN get
ting a certain amount in gold, with which he com
menced payment at a loss OF three per cent But thi
went only little way, when he compelled to
stop short and he is rcpOsing on his lauTcs IN
the public prison.
Among the collectors. or runners, from the better
classes of society, who have been drawn into the
conspiracy and who are now in Jail, Is Neapolitan
nobleman. Prince Rocca, and Catholic priest the
Reverend Luciano DOBisio, pastor If the church OF
Montecalvario in Naples The whole amount Of
cash that has thus far been seized IN the different
banks by the police is about 100000 francs, which
is held in trust for the benefit of the deposos, but
which is but leabte, compared with the enormity
of the Obligations which Supposed TO amount ut
least TO G0.000,0OO.
The frauds and specnlations which have been con
Quoted in America on a scale of such magnificent
villany have scarcely yet Occasioned so much per
sona distress and social suffering these compare
lively trivial operations of financial scoundrelsin
The whole city of Naples feels the shock as If 1t were
a consuming eruption Of NeSuvius. From the poor
washerwoman in her miserable cabin to the proudest
lady of fashion in her sparkling equpage on the Ri
were di Chiaja paDg has been felt like the bitter
ness of DEATH Nor has the extent of the evil as yet
been completely revealed. feeling of universal
distrust has been called forth; no mans credit ap
pears 10 rest upon secure basis; il hardly too much
70 saw that lar has been given to the very tonnda-
tons of society in Southern Italy shall watch tho
result with intense interest, and you may possibly
hear from NE again on the subject. Il.
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