Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1873-10-17
THE NEW WORLD.

On the Sd, business in Chicago had nearly
recovered its wonted aspect. Banks were re-
ceiving and paying out currency freely, and
the paper that fell due was very generally met.
Country collections were said to be favorable,
and the indications were that the money strin-
gency had very nearly passed. Manufacturing
establishments had generally reduced the hours
of labor or reduced the wages of labor, and
few men, comparatively. had been discharged.
New York dispatches of the Sd say the mar
ket had very nearly recovered from the effects
of the late panic, although prices continued to
rule low. Gold had sold as low as 1924 for
Clearing House certificates, which would be
equal 10 los in currency. The failure of
Albert Cole, stock-broker, had been an
nounced.
A Washington dispatch of the Sd says
that the Mint at Philadelphia had been or
dered to coin double eagles at the
rate of s10,O00,000 a month. The Califor-
mia Mint had also been directed to run at its
full capacity in gold coinage and trade dollar.
Ex-Governor Cooke, ot Jay Cooke IL Co., had
said that the members of that firm had pooled
their private and personal assets, and would
place them at the command of their creditors
in liquidation of their indebtedness. They
propose to pay every cent they owe, both prin-
cipal and interest The President had deter
mined to draw upon the Si4 900, 600 reserve, If
necessary, to aid the movement Of the crops.
A dispatch from Dubuque, Iowa, says an
examination just made into the affairs of the
Merchants National Bank of that city
had shown that r. A. Babbage, the
Cashier, had abstracted from the bank, by
means of false entries, S267 ,2S9, and that the
President, Mr. Sheffield, had distracted $l6l,-
977.
The ravages Of the yellow fever in Memphis
and Shreveport, according to Press dispatches
of the Sd, had largely increased In the former
city over 5000 people had left by the various
trains, many of whom were i'll at small towns
where they went. The Odd Fellows had issued
a call for contributions from the Order through
out the United States. There had been "a yell
low fever interments on that day. In Shreve-
port there were II yellow fever interments.
The President had ordered 5000 army rations
to be shipped to that place for the benefit Of
the sufferers. /.
Captain Jack and four of his companions
were hung at Bort Klamath, Oregon, on the
Sd. The late hour at which the dispatch was
received on the morning of the 4th prevented
the publication Of full PARTICULARS. The sen.
tence of Slotuck and Barncho had been com
muted to imprisonment for life on Alcatras
Island, in San Francisco harbor.
The Chicago Times of the 9TH says that dur
ing the week ending October A, $15, ,475, 900 in
currency had been received by the three ex-
press companies having offices in that city.
This was, of course, exclusive of sums
brought by individuals for investment. The
banks of that city had begun to discount spar
ingly.
A Philadelphia special Of the 4th says an
elaborate deed Of trust had been executed by
Jay Cooke and his partners, conveying to Mr.,
Rollins and Mr.. Cote all the firms property,
partnership and private, including their
wives dover right, to be administered for the
benefit of all the creditors of the firm,
and each five per cent. realized to be distrih-
uted. This had been done to prevent the dis
persion Of the estate under the bankrupt act,
and 1t was thought that, by prudent manage
ment, the Cookies would pay dollar for dollar
and have. a large surplus for themselves.
A New York dispatch of the 4th announces
that Peake, Opdyke IL Co., large dry goods
house, had suspended, with liabilities amount
ing TO 81, 800 600.
Lamper q Co., grain dealers, of Boston,
Mass, according TO a dispatch of the 4th,
had suspended, with liabilities for over
100000.