Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-09-19
TELEGRAPH.
THE CRASH.
Excitement in London--A Panic
in New York and Philadel-
phia--L Number of
Failures, &C., &c.

market. large business IL dong with VIDE
fluctuations.
Rumors of impending failures cause depres-
sion.
There is considerable excitement in Erie,
which is now 43s.
New YORK, Sept. l0.-Gcorgc Opsdykc
publishes card saying any loss sustained from
financial complications of the Midland railroad
will not effect his financial position. lie added
that it was deemed best to have receiver ap-
pointed for the road.
Fisk Il Hatch have failed
New YORK, Sept l9.-Thc Times this morn
ing mentions the failure of George Opsdykc Il
Co. This is an error and the Times itself de-
sres this contradiction, to be circulated.
PHILADELPHIA, Sept l9-Jay Cooke Il 20.
received dispatch from London this morning
declaring that their London house is solvent
and that the feeling in London towards Jay
Cooke, McCulloch Il Co., is very friendly: 1t
must be remembered that the liabilities OF the
London house, unlike those OF the American
branches, are not all due Oh demand but at reg
ular Unknown dates, so that they know OK
actly how much money is needed each week;
NEW York, Sept. l9.-Ihe stock market
opened lower, reacted little, but went lower
again White, Defrees 4 Rathbone gold and
stock brokers, II Broad street, was the first
suspension announced Being Il small firm not
much excitement cnsucd. Soon after the an-
nouuccment was made that Fisk X Hatch had
gone up the widest excitement followed. :
Brokers rushed out of the Board and for several
minutes steady stream Of operators running
towards their Offices was kept up.
There is heavy run on the Union Trust
Company.
Fisk & Hatch's failure has been announced
in the Stock baard. Stocks fell 10 per cent.
There Is tremendous excitement on tie street
and stocks arc still declining.
The failure of Beers 4 Edwards aml liignne
Jackson, brokers, is announced ia the Stock
Board Sold l2i bid.
New YORK. Sept. l9-.Thc following addi-
iianai failures were ANNOUNCE: N the Stock
Board this morning thomas Reed 4 Co., ".
IL. Warner, Grccn!caf& n iris AMI Gc0rgo B.
Alley.
PHILADELPHIA, Sept lq--Thc panic caused
a run % the Fidelity SAT aud Iru>l Company
ard there is IA iorg line nl depnsitors drawing
out on checks. The directors feel confident Of
meeting every demand. DIstrust with icgard
to the Fidelity was caused by Mcssrs Clark l.
Cos. suspension, they being prominent officers.
PHILADELPHIA, Sept. l9--Jay cook Il 20.
issue the following nosi2e to their dcposltors
Some little tlDie is required ~ ADJUST our ac-
counts and to hear from our dlt>lont officers,
when stalc,neut vii, be prepared Showing the
condition uf our fairs, winch will hc forward
ed to you through tie po.toihcc uOiil then
we beg your kluI Indulgence, assuring you that
every effort vii b. made TO ilqu!daic our entire
Indebtedness with ,hc least possible delay
New York, Sept. Hutchinson aud Suy
dam say their liabilities are not more than
$50 900, aud they expect tu resume soon.
Com. Vanderbilt SAID 10 interview last
night there was no reason why Richard Schcll
should have failed,
New York, Sept l9.-Fisk aud Hatch
state that their suspension can only be tenn
porary aud was caused by loans called in OF
good securities which could not DC realized up
on at The present crisis They say the sccuri-
ties on which they have made advances arc on
two rairoads--thc Chesapeake and Ohio and
Central Pacifc-both Of which are completed.
They expect to be able to resume business again
as soon as the panic ceases. Wall street has
never experienced such storm and the panic
of Black Friday, 10 1863, is by tar exceeded by
it. La The stock market the first failure was
announced. The entire list dropped, recover
ing little in the interim, but falling lower as
each successive failure was announced. Two
other failures. Theodore Bdc Il a. NJ. Kid
dcr-are announced Gold is now -.
NEW York, Sept. l9.-Day u Morse and
Hay Il Warner have suspended.
PHILADELPHIA, Sept. l9.--Dc Haven u
Bro. have failed.
NEW YORK Sept. l9.--Thc run on the
Trust Company continues The company Is
still paying.
Munroe 4 Co., of Paris, notify their New
York house by cable that they will protect all
bills of Jay Cooke Il Go, upon them. They
offered this moruing to discount Cookies lm-
matured bills at the bank rate.
1t is stated 90 good authority that Secretary
Richardson will come to the relief of the New
York banks to-day, but in what manner cannot
be asccrtalncd. The Treasury officials refuse
any information.
LONDON, Sept. 19-.1:50 p. m.-Financa
reports in the afternoon papers Indicate an
uneasy feeling occasloncd by the news from
New York. The close Of the market, however,
finds confidence partiallyrcstored and at thishour
Ioodon's financial condition is sound. There
are DO failures. Erie All.
NEW YORK, Sept l0.-Fitch Il Co. have
suspended.
PHILADELPHIA, Sept. 49, -DeIIaven Il Bro
have suspended temporarily, but hope to meet
their liabilities, which are small. The follow
ing brokers have suspended: II. II. Douglass
Bayard, j. H. Yerkes John Lloyd, Hibough
& Go. aud Bond, All of the above except
Gilbough e Go. are small concerns.
NEW YORK. Sept. l9--Thc office of Fisk
4 Hatch is strongly guarded by police. Jay
Cooke & Co., are hard at work preparing a
statement of their affairs ~
A prominent Wall street ban ker says if the.
movement now making to get the Secretary OF
thc Treasury to come to relief withSl0,000 900,
should fail there will be general suspension
of banks and others.
A meeting of bank Presidents is now being
held at the clearing house.
Vernon Il Hoyhane have suspended
The stock market is not quite so irregular,
the excitement still continuing. The crowds at
the Stock Exchange are so large that the police.
have been called to prevent the entrance OF
any but members. nv, g.
New YORK, Sept. 80 p. m.--lhe Stock
az N . Y.