Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-22

lished action OF the national banks OF New York
to draw on their reserve il necessary and stand
by each other in meeting any 'run" that might
be made on a particular bank, contributed to
satisfy the public mind
THE NORTHERN PACIFIC RAILROAD.
General Nettleton, the agent of the Northern
Pacific railosd, gives this information in regard
TO the condition of that company: "The rail
road company loses nothing by the suspension
OF the banking house of Jay Cooke " Co, As it
is largely indebted to the latter. The raiiruad
company has no floating debt OF any conse-
1uence aside from what it owes Jaw Cooke &
Co, ard has few liabilities falling due befSra
January next. when years interest is TO be
met. AS this is three months of il is expected
hat the stockholders of the company will by
that time have completed other financial ar
range ments which will p OXIDE for future needs"
LIST OF SUSPENDED FIRMS.
The following is a complete list of the names
OF fiji ms that failed or suspended:
Nee York Fdii9rtS.-,Jay Cooke s. Co., No
Nassau street; Fisk q Hatch, White, Defreies.
y Rathborne. Beers & Edwards, Eugene J
jackson, Thomas Roed Il Co, w. II. Warren
George Bolton, Alley & Co., Grsenleaf Norris
u Co, Theodore Berdell, mos II. Kidder s
H. Smith & Seaver, Day Morse, Hay 81 War
ner, NerDam q Hoy, Fitch Il o., W. +. Con.
ner, Whittemore g Anderson, jacob Little n
Co, E. ID. Randolph & Co, G. G.. White & Co..
ketchum q Belknap, W. G.. hOorehead Il Co,
Saxton u Rogers, Williams & Bostwick, Miller
& Walsh, E. Haight & Co, lawrence Joseph
p n. Myers & Co., Tansig, Fisher & Co., Fear
ing * Dunning, e. G. White, Marvin & Bros
Union Trust Company, National Trust Com
pany, Bank of The Commonwealth, Bank o.
North America.
Philadelphia Fss5,zes.-E. W. Clarke & Co.
De Haven & Bro, Gelbough, Bond & Bro.
George III. North, J. S. Il II. L. Yerkes, Charlie.
Z. Bayard, John p. Lloyd, Henry ii. Douglas
ii. II. Bull, T. c. Knight, Henry L. Fell, Union
Bank Company.
Albany Failare.-F. SQUIRE & Co.. bankers.
Chicago FsiLuTe.-Franklin Bank COMPANY.
Ho69rn, Mass, Fsslare.-Horace Conn, leather
manufacturer.
Toronto, CGnaad.-H. j. Morse & Co.. bankers
Wulidmsport, Pd.--PoweIl & Co., bankers.
81. Louis.-Taussig, Gemp g. 90.
Causes and Effects of the Crisis.
HOPEFUL VIEWS OF TIE NEW YORK HERALD
In its money article OF yesterday, the New
York HsTald says the panic started with the
failure Of one or two parties identified with
incomplete railroads. "The stock market at the
time was in a feverish condition, responsive ~
Sight causes and treaulsus in the extreme. Its
strength consisted in two or three stscks firmly
upheld by great operators. They had come b.
be regarded as the keynote of the market
Even these, however, could not at last resis'
the pressure They Z" broke" and IN doing A.
naturally carried with them the entire list OF
speculative securities. Thus the weakness Of
few railroads has extended through the entire
network OF our local fnance. The pulling down
of one or two great houses produced distrust
Money, always dmid, retreated into private re
cesses. DePOstOrs commenced to run upon
tlt Udflhs nave DcSu 10 dlIOrN
their usual accommodations have refused each
others checks, though certified, and at last, as
consequence OF universal doabt, have been com
PEELED In self defence TO arrange with the clearing
house for the issue by the latter Of certain loan
certificates based ON acceptable assets, which
are 10 be received in the settlement of all clear.
ing house differences in the place Of legal tsn
der notes Practically this asAsn means 81
Gpanskon Of - hS1k ss6rs I'D - ssozs
EfsAg Of ks5nl 6.aWs- 1t aads - bSnAR. 10
It " yet b - ssSs v4cs Essi holm are ass -
rsdsd 10 SaSssi0es MI ta-sssD Asn. A re-
CARDS the 1viaes baaka, tAeD he no spei rsa
ION Why, u TIE q slrs u TIE saoe have riSflly
cone sAsar tsJ, ASzs sasah - my &sss u
alarm fbsG soo~eSAs ars Baca nsed sy law
and thsy ere net sssA - sEtharily iastnass In
ys1ee. Hence q ran 81 q en- Is s1th IN <lilsiool
and unwarrsnted by events. The depositons
should understand that thus e,T our snancial
troubles result only from IssAl spec collation.
Crops sTe good; business is FIRST Eets; eur mar
shant have rarely done better than they arr
doing tins season. They are not ssHaring from
this temporary sturbauce, and we can safely
count on large fall trade and handsome re
turns,o