, 1873-11-02
NEW YORK,
Immense Losses from the Panio--
Tho City under the
Shadow.
The Leading Bulls and Bears Extremely
Frightened" Voluntary 70
litical Contributions.
Outrageous Testing on Facts..-Whero.
:, abouts Of Ex.Comptrollor
Connolly.

w.
Connolly
!. -
Fron, o.r f,,,, f,orr..no,s.,,
NEW yonn f,ct, m. 1A7a
Itis iust six ,yocka today a,nco n, nnnio h.,
gan hero, and tts effects ara fa1t morn and morx
eyery dnv. and will continuo n In fo,t e.,
months to como.
TIE r1unny IN WAN, a4nrrn
NIL, 1o.ro a o.1;croronoo ~ 49, ,.,,al., ~ ..,
w.. noao atnetoneo ~ tne "nole country Of
yoe' o"o "o'sana m'1sons q doAars. Indeed
culablo. hlanufactories oyorywlore aro out.
ting dovn tha,r ror,o ~,.,,.
hn1f,t;,no ,r ~ .s'.u.xaN:,e so' tunnin8 Oh
"as..'. ;ot temporarily suapending, on
ncoount OF tho monetary stringonoy. and tho
dullness Of trade. In all the cities, the vintor ia
destined to be yory eoyora ,non, oyer.v clnaa of
t1,o arn,ovoa 1,,u, - 49, ..,..,.s3. ..~es ~
hi trrna ioro n5 a5o, VI ,.ne ~noloeAe anu 10"
Ing tue number Of thoir accountants, c1orks, aud
talesmen. As usually happens. those WIN can
ieast afford n IN ara i1o tirat r. 1,oa ,a;r
Tho ,an,tsao, G 3n ~ ~ ,,raa,,",. ~. '"see
nus1 remain IN town without occupation, and
get With tho grcatoat dosiro to work. which In
one Of tho most deplorable conditionn ~ h..
on ans ane tresont Indications ere that at loaat
oo.ooo or 7o,ooo persons, in and about the city,
will DO thrown ont Of employment botwoon this
and tho last Ut December.
Tno authorizations of Tho b,,t,,,nt .o,,a, md
.n,,,.a,,as.st pe pass =. ~ oi.li1n' soc'al ana
~ nuuse"en1 season must 10 sadly frustrated.
ane theatfes aro likely to DO poor business,
even Il they all lower their prioes' ae' sono Of
xyill mi oo;n tho ,ro,., no- h.l 11..ss.!
.a..- ,s:ss ~ suoy uau supposoo ana
,o'y ".ao u en.ei1a'n'nons WILL 90 pretty cet-
taln to drag. Balls, parties, md receptions will
be foT. end conducted on an economical min,
A number Of wealthy fami1ica WIN had nrnianIai
prodga1 junketings, have given them up in yinw
OF tho orerhauging financial clouds, Our many
fime.honorcd leau1 aro likely to an1ror
from an cxcces Of their own oounanv'
It is thought by those Experienced IN aoaeiv
that the ecaaon Of 1884 viii he the droar;ast e,,3
This may .bo tho natural coneonuonco of thu
suspension Of specie payments and tl,o oom,naro uo
cial imitation ceneraily: All our rraaent -]nas
mly be favorable auguries Of tic fut1re TIE TT
us hope they sre since wo mood hona for Ss tne
eustainmont of the dieaeroaabls Ind annox;nn .ne
Meanwhile, We NAV follow The oomnaai ~ r.
Into David Crockett, who summed up tho bast
osA' ALARMED spnounAron,
Tho panic has done ono good thing, in fright
unpruoipied operators Of Wall straat to so uau an
extont that they arc likely to reform
their ways. Vanderbilt has. uuouoationnhv
boen alarmed into sort of couaeryatigm. Tfna
haa privately announced to his asaociatoa, It is
baye Of itself in future: that be- has nconav srv
enough aud that he cannot live groat while
or anyhow. This snot m unnatural opinion to bo
10 $50 900 900. Those who ought to know asT thot
The Commodore has actually lost in the iaat
month from 81, 600, 900 to $4,000 900. and be ia
e 70 unaecustonod to monetary misfortune that It
moderate sense OF humanity.
n. B.-The report needs confirmation.
Daniel Drew came 30 noar being thrust into
bankruptcy that ho has loarnel lesson, and has
which las excited In the mind OF some Of lii
Ramil:arB grave apprehension Of his sanity. Ho,
too, talks Of withdrawing from the Exchnngo'
The story that he is to bo appointed expouuior |
OF the Scriptures in the Methodist geminary Le /
has endowed Ia circulated without adeauate
authority. -
arc still many interpretations. One roport Ia
TINT. having secured 10000, 600, he doomed it
best to retire with that amount while ho had it.
Another story credits him with 80 heavy losBes
about s1,000,000, and that he Ia rn-
solved to bo content with this. His
aetionis certainly mysterious, and his rotiremont
withdrawal boyond the limits OF the State q tie
largo steamers running in connection with the
road, and tho alleged bankruptcy Of ti,a 1,oms
rnny, do not loBsen tho mystery, or indicate
late. -""'~0 pAo'p's'a' u
1lufua Hatch, Henry N, Smith and othar 1.ro.
operators are aiso set down as liberal sufferers bV
tho panic, and as formers Of resolutions T.
sail hencoforth more nearly to tie wind. In faot
everybody that you hear Of In Wall etreet racent,
y is said to have lost money, ono would nn inter-
TINT somebody must hnyo made gomothino. % hnt
that sonlebody-as the reporters would deljoht dljhhtt
to say-has not transpired. o1'
oovEnaMEnrA1 1ry1rs.
In the Custom House here, the Goyornma,t.
employees, notwithstanding the Civil servicn Iii
mud tho order Of tho pres{lant hnva into1w Ena | ,