The daily Panola star. (Sardis, Miss.) 1871-1872, 1871-11-04

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Gag, are more o. les Affected.
A" Inc loss n property actually eohium-
Il II Chicago i esumsied a s10ffg GO.
Bat this Ia bY 20 means the total u Tie
losses that fall on other parties. and those
arising from The suspension q business, and
the inability. IN many cases oaly Temporary
Of Chicago merchants 70 meet their obliza-
tons. The following table Of the actual
and contingent losses Ia partially estimated
on data. which may be regarded a. afford
Ing aa approximately correct view 81 the
full extent of the disaster;
LOssEs nv THE CHICAGO rEg.
value q property actually .onom
dfstroye1. ..s..,.s,..s,.tt' WV WV
In New fort esmrssisa. 81. 0O0.Oj
In ell other eompanles..... A.OOj.tOo b.@o,"'
| Total losses ........... $1,000. 0O'
ESTIMATED INDEBTEDNESS on CHICAGO.
To New York merchants go, O09,t00
/ To New England merchants W00,e0
/ 10 Foreign merchants. lJ,Op,tO
/ To Western and southern -
merchants ..........,..... l9O0o,to ~. Coz
Total losses ........... sls3. 90, O0
"ln the ultimate settlement these figures
will probably be considerably modified. A
great many Chicago merchants will finally
discharge all their obligations. An amousI
equal or nearly equal to the Indebtedness o.
Chicago 70 the East Is probably due to thai
city from the West. ard will be collected
This money with the insurance payments
will. to u considerable extent, 60 to liquid
ate Eastern Indebtedness. Wcantic pate tina
large majority of Chicago merchant
will discharge all their obligations eitl II
one, or at the most two years.
"The lnsurarc. losses are more serious, anC
will fall with great severity on the com
muuity. We do not include In the losse
the depreciation In the value Of government
and other securities, amounting TO abou
$40. 900 coo. In many cases stock values ar
fictitious, and the losses OF to-day may b
Offset against the gains OF tomorrow. Blu
more tangible and serious loss or incoD
venience is the strlngency in money, whicl
must prevail for a long time to come. Tn
Insurance companies must throw larg
amount OF stock in the market, and tn
greater proportion OF the securities foun
uninjured in the bank vaults and safes !
Chicago must be sold TO satisfy lmmediat
present wants. Thus, every branch of bu;
iness all over the country, and nearly a
interests must be more or less affected b
the Chicago disaster.
The Chicago blow strikes at momer
when the mercantile community was lea
able to endure the strain. The ilctitior
ease in the money market, induced by Sc
rotary Boutwell,, had caused the banks
expand their loans to an Unprecedented d
gree. They are now compelled to call q
these loans, and there is pressure II
money that compels weak holders of secu
tiles to realize at any sacrifice. 1t Is impo
siblc as yet to foretell the full extent of Il
disaster, but it Is to be hoped that the wor
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