Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1873-09-20

Failure OF jay Cooke ~ Co. --Finan-
ciai Agitation--stock Excitement
-.Goyernment Bonds--A Crash Not
Apprehended.
New YORK. Sept. Is.
Jay Cooke 4 Co. have suspended.
They announce that their suspension is
in consequence Of large advances made
to sustain their Philadelphia house, and
a heavy drain upon their own deposits.
Mail advices, from Paris, of the fifth,
confirm the report that cholera prevails
in France.
PHILADELPHIA, Sept. Is.
The firm of Jay Cooke & Co. have sus-
pended. A great crowd has collected
around their place of business.
WASHINGTON, Sept. IS.
The First National Bank has sus-
pended.
New York, Sept IS.
There is great excitement on the street
in consequence of the announcement Of
the failure Of Jay Cooke & Co. The
question is generally asked, who next?
Stocks took tumble.
1t is said that Jay Cooke has lost large
sums in the recent gold movement.
The excitement is intense at the Stock
Exchange. Vanderbilt stands by his
Central, and Lake Shore and the Pacific
Mail are cared for; but Western Union
dropped from So to 1917. Money quiet
att.
No failures other than Jay Cooke &
Co. are announced. 1t is said that Jay
Cooke, McCulloch d Co., of London. are
solvent, with large surplus above all Ii
abilities.
Eleven bids for Government bonds to
day, aggregated 80, 3l7 300, Mt from 10 tt
111a. No bids accepted
Specie shipments to-day amounted tc
sos, 900, in silver bars.
New YORK, Sept. Is.
There is q general breaking up o
stocks of from one to ten per cent, I'm
der the rush to sell, and great excitemen
continues.
WASHINGTON, Sept. Is.
The banking house OF Jay Cooke 4
Co., of this city, was closed shortly afte
noon to-day.
New YORK, Sept Is.
Jay Cooke & Co. make the followin
ing statement: The immediate cause Q
the suspension of Jay Cooke & Co. wa
the large drawings upon them by thei
Philadelphia house, and their own dc
positors, during the last fortnight. TIL
Philadelphia house had previously bee
, weakened by large advances to tn
, Northern Pacific Railroad Company, {
| which they are the financial agents.
Robinson & Suydam have suspended
A Philadelphia dispatch says E. "
, Clark & Co. have suspended.
/ PIrrsBuRa, Sept. IS.
The Society of the Army of the Gun
berland held session this morning, an
selected Columbus, Ohio, as the plac
8 of their next meeting. The Society r,
: elected Lieutenant General Sherida
President, and instructed the Committe
on the Thomas Monument to emplo
( some artist to make statue of GenerI
D Thomas, and then adjourned.
WASHINGTON. Sept. IS.
Secretary Richardson and Comprrollt
I Knox We're in consultation to-day relativ
. to the suspensions here, and a receive
will probably be appointed to take chare
of the First National Bank.
9 PHILADELPHIA, Sept. IS.
Mr.. Cooke says 81 believe this hous
: will speedily be relieved from emba
! rassment, and to this end, if needs b
: every dollar of means possessed by ii
Q members of the firm will be applied"
: New YORK, Sept. 10.
Arrived, steamship Europe from ella
/. gov.
: Another day of intense excitement b.
# passed over Wall street. Early th
: morning predictions were made that tn
. would be hard day, and one that won
@ see the downfall of more than one fina
:, cial house, as the late Chicago fire,
. was thought, would occasion dra
Il upon deposits, and tend to a PAM
y Stocks for tho first two or three hou
fuctuated wonderfully, but at noon Il
X market strengthened. About noon it W
= reported that the house Of Jay Cooke
v Co. had suspended. At first the rum
# was considered an idle one, or, at mo.
y started by some scheming faction. NJ,
n and boys ran races from Office to offic
The falaora nh xroo ;poasoook l., "a, z.-