Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1873-10-09

market, but all the Southern and Western
markets. On that day over 5000, 600 in cur
rency had eenreleased. Gold had been lower,
| and at one period during the day was sold as
low as 10 In greenbacks. The Glenham
| Wooden Mills, at Glenham, N. T., had sus-
pended The Tribune had prepared leader
advocating the immediate resumption OF specie
payment, closing with the following signif-
cant language: ''Tbe country Is passing It's
grandest opportunity since the war. There
has not been, since the passage OF the legal
tender act, any financial situation or crisis that
so held out all its hands inviting to rcsump-
| ton. Shall we let it 60 by? The crisis calls
| for firm hand, clear head and determined
purpose. That's all. To-day's 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 people 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 1t will stop or when, for the
simple reason that there is no financial hard
pan. Some time we must get back to specie;
| that's admitted Why not nOwg When will
there be better time? When would the
whole country be more benefited by 1t than
now? There ought TO be craftsmanship
enough I'm Congress TO devise simple, practi-
cable method. Let President Grant settle it
| as far as he is concerned by converting Con-
gress and putting upon 1t the responsibility Of
meeting the emergency"
| A philadelphia dispatch OF the Goth an
nounces that Benjamin Bullock 81 Sons, Of
| that city, extensive wool dealers, had failed
for large sum. The failure had been caused
| by the suspension Of the Glenham Manufac-
| turing Company, OF New York, which was in
dcbted to them in the sum of 100000.
A telegram from Boston OF the 10Th an
nounces the death of Admiral Winslow, Of the
United States Navy.
| New York kilograms Of the Both say that
the day had passed more satisfactorily than
the most sanguine had dared to hope. The
| Stock Board had opened and business was
moving along swimmingy. There had been
no defaulting in the matter Of settlement, and
| there appeared not a ripple OF excitement in
any direction. Grecnbacks had appeared on
the street in largely increased quantities,
and the premium upon them wiped
out A sharp advance in foreign
exchange had been effected, crops were once
more in motion, and the banks were all work
ing along without trouble. Gold closed at
l1lX. Henry J. Brooks, leather merchant,
had suspended.
According 10 Eastern dispatches OF the LIST,
business In all financial centers had fallen into
It's old channels. The supply of currency had
become nearly equal to the demand; there was
demand for stocks, principally In small lots
for investment; foreign exchange had still
further advanced, and the feeling was
generally one Of safety and security.
The dry goods house Of Patton u Co.,
Of New York, had suspended. Cur
rcncy in New York commanded premium
OF from PA to 311 per cent. over certified
| checks.
A dispatch from Jersey City, N. j., says
that the Cummings Car Co., of that city, had
suspended.
The New York State Democratic Conven-
ton met at Utica on the lst Horatio Seymour
was elected President Mr.. Seymour delivered
an address urging the nomination of men Of the
highest character and undoubted capacity,
and advising the Democrats and Liberal Re-
publicans TO unite in the coming election. The
Committee on Credentials gave seats TO dele
gates from the Tammany organization, where
upon the Apollo Hall delegation, after with
drawing met, adopted vigorous protest and
then separated. The Democratic Convention
then adjourned until the following day.