, 1873-09-19
IN PHILADELPHIA,

Special Dtspatch to The Chicago Tribune,
PHILADELPHIA. Pa, Sept. 16.-Third street Was
thrown Into uproar at II o'clock this morning by
tho report that tho old banking OF Jay Cooke
20. had suspended. The rumor caused tho most In
tenso excitement amid all crces, and the Intelligence
few from mouth to mouth with ughtxinR rapidity.
Persons Interested, well those not Interested,
] turned their stops toward tho of1co on Third
street to Eco for themselves tho condition
Of affairs. Very aoon constant stream Of
people was seen debouching from Ill tho adjoining
streots into Third, until that street wae 1lcd with poo
pie, all ntent1y and e1cedly looking at tho bnIldng
Tho doors wore closed and guarded by ocezs and nil
except Those having business With the firm woro pre-
pesre 9oae e qha
, .1s tho news tsue2" Nobody cared to ansvar, but
siy tssn idis e,'sies'ty. "''o st.ad!ng nP sum On
looking up to read the condition Of affairs IN tho
broad e1panae Of brick wallis. Those moro immedi-
vas for tho purposo Of Ronr coser an
more tangible knowledge Of things. Thicker aud
thicker grew tho crowd. ofener camo tha> questlon
from new cotneEs, whispered spoken, iuqulrng ~
to tho truth Of the reports more and more excite
ment prevailed. The policemen wore inexorablc and
emerged from the building showed excitement or tn.
tense feeling upon their susponaion.
Of ssransion Thoy seem to lave psen een
forced to ths operation because Of tho Now York
honhe. Inc dapatches received from New York this
failure Of jay Cooke 4 Co." ~ 'A'
"NEw YoRK, Bept. 18.-FAiure Of Jay Cooke T. Co.
pronounced untEuo." "''
.' new YoaR, Sept. 1s.-Jay Cooke l. Co. hayo arp-
Immediately upon tho reception Of these dispatohcs
,S Ssso closed. and tho crowd became 20 great
to .. ordsr After 0e'ss ssort eausu.sioa ss!sa
Ms s 49, the ppsu Of no'es
selves what upon 1t: Thls was Impossible, and
THO demand for this increased Afty voices secontne
the request; whoroupon Mr. D. II. Longstroth read
slol to be heard in tho middle Of tho street, the fol-
"To THE Pun1Io: wx rtre. 10 esooEfo<a to annoane.
ha o!ong n,o 70 nstpts.td !. eands upon us ee
,,.s; or s5tatsTs s gst S.
iii ;se%snt sst,i. ths e.lsttns oas wliss still
wstauding tho eyidencc which tho closed doors Of
almost to Wv sgaatars oi tho arm %ss r.ad e rSs
st 1.-The, tho present hs,.r. ths news having reached
Sssu s.4oa ss,1 snrnF ssSa'ss
,nto Ihrl stroe Taa report flow like wild -nre, md
o. E1ssaagS sna oh.s business bodies
The nsureing throng that a'lod Third atroet.
IAe cxpreaslona upon oYcry sido thoao Of COM
miaeEation and OF sympathy for lrn that has always
80 highly maintained !ts credit and which WIN raiso
W fGe this temporary prostsst1on stronger than e1er
eonnloacs , II to- ability Of tho Arm to meet ivory
trusts as faithfully aB II had always executed them,
" this condolences there nnothcr evidence to any
observer who stationed himself on Third sIroo From
tho moment the announcement waR malo until
the close Of banking hours, tlloao who road
tho cArd folt 1t 10 bo 4 statement III which
thoy could connlc TINT tho enba arrassncnt wau ouly
Tor 10" daya-t1a; tho hescta of careful ilrm
wore larger than its liabilities. Many reporters tried
to gsn 9 1 md bI few we're oran.e The
and followed shortly afterward Tho banking ioo1n
was arseneA the clcrks wore scattered through tho
building soma III groups. chatting about the disaster
nnd others ~ busiy engaged at their books upon
Ws found Mr. Cooke u Ills private Office calmly dis
Patching Ills orders, aud unnIottely converting about
ne sudden anta unoApectsd blow that had befalen
him. lie pleasantly welcomed whoever called upo,
y hn ~ TO express symrathy and confidence lie said
i" Y9u CAN an;iounep that tho r has temporarily
pended FtcsSu sato alao thAt be3loyo
shia houso viii speedily be relieved from