Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1873-10-03
NUMBER 4.

lower, and at one period during the day was
sold as low as 110 in Greenbacks The
0lenham Woolen Mills, at Glenham, N. Y, had
suspended. The Tribune had prepared leader
advocating the immediate resumption of
specie payment, closing with the follow
ing significant language: "The country
is passing its grandest opportunity since
the war. There has not been, since the pass
sage OF the legal-tender act, any financial sit
uatlon or crisis that so held out all its hands
inviting to resumption. Shall we let it go by?
The crisis calls for firm hand, clear head,
and determined purpose. That's. ALL To-
days opportunity is for the country, for the
dominant party, for the President. Let the
PRESIDENT issue his proclamation converting
Congress in an extra session at eight or ten
days notice, with the sole object distinctly
stated IN the call. For ten days past the peo-
| pie have done almost nothing but stand in
front of their balance sheets and inventories
and see rapid and constant shrinkage in
values, and there's no knowing where it will
stop or when, for the simple reason that there
is no financial hardpan. Some time we must
get back to specie; that's admitted. Why
not now? When will there be q better time?
When would the whole country be more bene-
fitted by it than now? There ought to be
craftsmanship enough in Congress to devise
simple practicable method Let President
Grant settle it so far as he is concerned
by conVening Congress and putting upon it
the responsibility of meeting the emergency"
A Washington dispatch of the Goth SAYS that
the depositors in the First National Bank of
that city would not receive to exceed fifty per
cent. of their deposits.
In Chicago on the Goth business had re-
sumed very nearly its normal condition.
Three of the suspended banks had resumed
business, and were receiving deposits and pay
ing out on checks as before the panic. Over
$3,OOO,OO0 currency had been received during
the preceding forty-eight hours. Traffic had
fallen off on the various lines of railroad, and
large number of trains had been drawn Off
and many men discharged.
Philadelphia dispatch of the goth an
nounces that BENZ. Bullock & Sons, of that
city, extensive wool dealers, had failed for a
large sum. The failure had been caused by
the suspension of the Glenham Manufacturing
Company, of New York, which was indebted
to them in the sum of 5000, 900.
st. Louis dispatch of the Goth says that
while Joseph FL. Fore, who attempted to kill
his wife, on the 4th of June last, was being
tried in that city on the Goth for that offense,
he threw heavy cut glass inkstand at his
wife as she was giving in her testimony. The
missile missed her, but struck her counsel full
in the forehead, inficting an ugly and danger
Gus wound.
A dispatch from Shreveport, La, of the
Goth, says that within the last four days sew
eral of the most prominent and useful citizens
of that city had fallen victims to the epidemic
The dispatch adds: ''The population has been
fearfully thinned out by sickness and DEATH
We no longer have funerals The hearses,
followed by one or two carriages, dash
through the streets like section of artillery
in . battle seeking position. A few men are
drummed up, the coffins showed into the
hearse, and driven rapidly to the cemetery
This is the case even with the most prominent
citizens The Howards have opened an orphan
asylum, and are feeding about two-thirds of
the resident population. There are fewer
deaths and new cases, because there are fewer
people,"
At late hour on the night of the 29th the
Union National Bank of Chicago, which had
resumed business on that morning, and dur
ing the day had paid out 100000, decided to
go into liquidation under the provisions of
Sec. AZ of the National Currency Act.
A Jackson, Miss, dispatch of the Goth says
Governor Powers, acting under the advice of
Attorney General Morris, had issued a procla-
nation postponing the State election. The
Governor says that he will convene the Legis-
lature in extraordinary session as soon as
possible. The Pilot, the State organ, has pro-
the Governors movement incendiary,
and calculated to lead to resolution and
anarchy.
A call has been issued for a Northwestern
Farmers Convention, to meet at Chicago on
the 22d of October, to consist of delegates
from oranges and farmers organizations.