The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-20
limited to 100000 on the current sales
BY popular subscription to the $50 per
cent land mortgageA UA ~ -

+ .-.s.aa-=.,-====--|, =,
limited 70 SoVvVov on tns currelt saies
cent land mortgage,A H9m ~ ,.'
NEW YORK, Sept. l0:-The Preslden
Of the South Side railroad denies tn!
truth OF therumors CIRCULATED lately tend
ing to weaken public confidence in th'
Company: The ttpanclah conditionlo lot th,
Company Is good, the coupon interest al
paid TO date, and the amount required L
pay that due on November lst Is already
In bank. - ." t,4i1, SS+% $5gg:.te, .: },
The banking hotlses which have beer
identified with the negotiation OF new
railroad loans have all submitted to tht
renewed pressure, and to-day, to ths
astonishment OF oil the suspension OF thl
house ol Fisk d datch was announced
This firm has made heavy advances TO tht
Central Pacific, which, however, Is not the
cause Of their suspension, their advances
to-; the, chesapeake q Ohio having
brought them down. When the suspen
sion OF Fisk v Hatch became generally
known many friends OF both partners Wis
| tied their office and extended their warm
est sympathies 10 them In their misior'
tune. rr.,,,. t.r, a.
Mr. E.tHatchwllc Questioned regarding
the causes which led 10 tue suspension oi
the firm, said that the trouble had been
produced by "a lack OF confidence In
railroad enterprises and the extreme
strlngency OF the money market, produc.
cd by late failures. The general distrust
brought about by The embarrassment ol
silch well known firm as jay Cooke l&
10. Mr.. Hatch said had caused great de.
mands upon their house, which came so
suddenlyauiunexpected that they could
not be readily met There was no time
hi in which to obtain money from the
assets of The firm or to ge, any funds due
Tho bnus. He could mot cnileavor IN
give any detailed statement Of the liabill.
lies until he had calmly considered the
whole situation In connection with his
nart6erl and friends of the Aim. 4 The
embarrassment oi Fisk & Hatch, he
could safely saw had not been caused By
losninp money on hazardous enterpri.
SEA Tho house has not speculated
nor met with losses. The trouble had
been produced by general feeling of dis.
trust In regard TO ,he moniea institutions.
which, precipitated, a demand upon the
firm which they had not sufficient time to
meet, He would make no statement at
present which he might be called upon to
,retract. He hoped for The best, and
thoughtif.the lrmwere allowed TO man.
age the business OF the house without in,
terierence, every creditor would undoubt.
cdIylbe paid in full. ',tAii aii' iIiS4 'a.'
The announcement of the failure OF Fisk
s Hatch. (which was followed brapidly by
tho report OF tho suspension ot other firms,
caused the widest excitement on the
street, and tic scene In Wall street and It's
neirhb6rhood Has probably never been
eoualled. atgtal sgG -yst ptsyoi p'GH
fOnthe opening Of thed doors Of the Union
Trust Company at Broad way and, Rector
street, at Id O'Clock this morning, a large
number of depositors flocked In and be-
sIegel tie t,aying, tellef's desk. Tho mum.
ber constantly increased, and ID half an
hour the loneapassage wayin. front ofthe
space fenced oil for the clerk'stdesk was
filled by long lines Of men. all waiting to
withdraw their money. The crowd soon
BECAME 40 graattliatitswast t1ifficult!to en-.
,er or leave the office. and several minutes
were required 10 force a passage from the
frontatoithe rear. The bank .continuei
paving until an hour amer the usual time
Of clos!ng. and the impression on the street
at the! close was that all the. obligations,
woulii be; met without difficulty. AS the,
business, hours. Of the dayj yjbegati7to draw.
toa close the excitement grew less. =, !,
The Manhattan Bank was this afternoon
filled with depositors of the Union Trust
Company waiting 70 have The checks
given ithem by tho company certified.
The cashier said the company had $780, =
900 on deposit In bank which had all been
paid out: i lie believed the company had
$1000,00 to depositors. He
belieTedsthe. .institutiun to;beN Nbundantlyl
strong. The Fourth National Bank kept
Open until $50 ~ NJ! !sands paid eyerytde-
mai,d. Most foifhe brokerage hrms that
SUSPENDED today expect to resume busi.
nessiin short time. The house Of Ran
dolph, whose suspension Is noticed, was
Tom Scott'sNSw York house. Mr.. Ran.
dolph is son.in.law OF the great railroad
king The ireasona for th6 Alast named
failure, as stated by the head OF the firm,
E. Randolph, 10 from the impossibilityS Of
fnoneyssdue FROM bthar parties.
A dispatch says 2: I; Bayard, one 81
ing oldest and most rehaole nrms OF mil
aaS,PnIs Tfo nnf,ndsd rrmor, h.ys
r-sss;,ed 10 ;Se stIsS, lint tha.ia;lnre % % Ia
gaS sus Tonbe & Ji ~ w;I, ' ser,orslu @ % ;nvolve
shs S,;aSsi M InsnTsnce Semnany of
SisS bs IL ons"of n,e ,Ss 1sadSs nI1scinrs
Wnsre ne oaorreS vS " nron . the % bes. an,Sn,;tn
,hsss,he solyeScv n the comnanv % cannot
hn a; ,ma;.aS ,e ;uSsh w. u 10 rv n.osnnt snann;o,
,r,,,has II. W Ssoe,a n' sre s,r smnle weii in
.rd useeS So p;,Sdrsrn %s hu d;s
Sssssa, sgss,aa anI no1;ca ho,de.s eu "" ~ ot'
!, Today, fileteen failures have been re!
portedji The streets at the close ofl the
Board presented an intensely excited AZ.
peafance. Whenthe closing gong sounds