, 1873-10-08
NEW YORK,
Spccial Dtal'afch to Tile ChicaGo tribune.
BUGAN HOUSE FAII,UHE,

special Dtauatch to The chiraao tribune.
su0An HOUSE FA11unE.
New YonK, Oct. 7.-Tho dul1ncas in Wall
street WAS relieved to-day by tho announcement
of tho failnro Of Wylio Il KnevalH, sugar dcal-
ors, 91 Wall street. Tho firm haa boon ombar-
raBsea Bomo ti1no owing to heavy purchases Of
sugnr on FILLING market.
nASK OF THE COMMONWEALTH.
Tile litigation Of tho Bank Of the Common
wealth is not lke)y to amount to mt,ch Bailey,
the Receiver, in The fayorito at Washington, and
tie United States Courts arc not likely to re-
move him, ut the request Of the stockholders,
who SOY ho was Illegally appointed. The Clear
ing-uouao Association condemns Daioy's np-
polntmont, OIL tho ground TINT it WAS obtained
in tho protest Of n noto Of tho Danl, which is
III effect protest Of nil national currency.
THE CLEARINGHOUSE CERTlF1UATEs.
Tho Loan Committee has now reduced the
clearinghouse certificates about ono-flfth.
They pass in business matters III grecubncks,
and are worth * per cent premium for certified
checks,
5IANUFAcTunEs
The OBJECT OF tho panic on manufacturer hna
almost entirely passed away. Worry fow Of the
smaller manufacturers wero compelled to iaulC
checks and cortificatos to employees. They cau
even pay i'll greonbacks, and. .rcally, business
Hab HUI uGpH btr!publf AHCctct Ill tlllh respect.
t1f6 tho A&sociattd Tress1
THE COMMONWEALTH NATIONAL.
New YonK, Oct. 7.-1Haao II. bailey, Receiver
Of tho National Bank OF the Commonwealth
gives statement Of tho aagots Of tic bank al
81, ,O9S, ,077.93, and liabilities 81 1886, ,o45.2t. OK
ehtBye Of capital stock Of $3.50 1850. BY thil
exhibit thoro is deficiency Of 32s7. 1G7.3l show
ing that tho capital is impaired 331S por cent
The aggregate indebtedness Of tho Directors tt
tho bank on tho day Of tile failure was oyel
55o0.o00. In view Of tho above statement b,
Bailey, President Ellis is out in a card to thu
creditors nnd stockholders of tho bunk. in which
l,o saya: "porhaps tho Willingness Of Bailey tt
DO receiver Of a salary of 80, 900 year and com
missions may explain Ills gloomy views OF tlt
affairs Of tho bank. His right to it's property
will bo toatod in tho United States Courts and
beg you will suspend your Judgment OF tho baltl
aud itB officers until they again have thor booIt
ami mennB Of their defenso."
At meeting of the Clearing -Honso AsAooia.
tou t]liB afternoon. ut tile request Of Dir. Ellis
The following resolution was adopted.
Rcsorea, Tha special Conm1tteu Of four bo up
pointed by the Chafr which Committee aha, with tie
President ad Directors Of tho National Bunk Of tlt
Commonwealth, mako Ill exanlliaton into Ito affair
and report ut future meeting Of the Association, thu
asscut OF the Comptroller Of thu Currency lrs being
ObtH41tet
The order issued by Judge Woodruff laH
week to Bhow cnnee why the appointment ot
Isaac II. Bailey Receiver should not be declared
mil md void was raturnnhlo today Judge
Woodruff iH not in town, and tho .tnattor wn<
brought before Judge Blatchford who. sail al hi
waB 4 stakeholder III tho bank lo would decline
to hear tho arguments. Tho matter WAS I'd
journod till next Ilesday.