The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1873-09-25
TELEGRAPHIC.


place Of business the stamp donating the
payment Of such tax. It directs that per
sons engaged in selling tobacco or cigars on
trains shall be required 10 have their tax
stamp properly framed 50 il may be hung in
a conspicuous place in the car where such
sales are authorized to be made.
The Commissioner Of internal Revenue
decides that planter engaged in making
crop on shares is not liable to pay-a special
tax. as a dealer in manufactured tobacco,
for furnishing supplies to hands employed.
Such tobacco to be paid for out of the crop
produced. The Commissioner says the law
don't impose this tax on every person who
shall SELL or offer for sale, as in the case of
liquor dealers, but on every person whose
business it is to sell, or offer for sale, manu-
featured tobacco, and he does not think
furnishing hands with tobacco to be paid
for as stated constitutes such business.
WASHINGTON, Sept 1s.-Jay Cooke &
Co. have closed.
The First National Bank, Henry d. Cook,
president, has suspended.
WASHINGTON, September 19.1The State
Department has ordered the Consul at Dun
dee to pay the Polaris crews expenses and
send them home.
WASHINGTON, September 21.-The Comp
trolier of Currency is paying dividends of
% per cent. TO the creditors of the First
National Bank OF Rockford, Illinois; 100
per cent. to tho creditors Of the First Ma
tional Bank of Fort Smith, Arkansas; and
3J per cent. to the creditors of the First
National Bank of Yicksburg. Dividends
of 35 per cent. to the creditors of the First
National Bank of Selma, Alabama, and of
- per cent. to the creditors of the Atlantic
National Bank Of New York, will be paid
Loo len cob MI l,o
prepared. Dividends to the creditors of
the First National Bank and Crescent City
National Bank of New. Orleans will also be
made during the month of October The
Comptroller of Currency has directed the
collections of the paper of the First Ma
tiOnal Bank of Washington to be deposited
for collection with the National MetrOpoli-
tan Bank, which is located next door.
| Correspondents are requested to correspond
with the latter bank in reference to the IA
cilitating of business by having a receiver.
An American steamer at Newfoundland
reports having a collision with fishing
boat. Three out of a crew of fifteen were
saved.
WASHINGTON, September 22.-In the
course of the morning the President called
at the Treasury Department and had a con-
ference with Secretary Richardson. The re-
suit of it may be inferred from the fact that
subsequently the Secretary stated to the
agent of the Associated Press of New York
that the President would do anything
within the law, but in no particular go be-
yond clear legal authority. He will main
tain the safety of the department, and pro-
tect the credit of the United States from
the influences of the general financial en-
barrassment.
u
Shaw, an old and leading Washington cor.
respondent, has purchased the Natural Iron
Company's works at Danville, Pennsylvania,
for $76s, 900.
New York.
NEW YORK, September 17.-The United
States Consul at Bremen is dead. lie died
of consumption.
Sprague, the treasurer of Brooklyn, has
been released on $50, 900 bail.
NEW YORK, September Flour thou
sand dollars were subscribed this morning
for Shreveport.
New YORK, Sept. 1S.-Jay Cooke & Co.
have announced their suspension in conse-
quence of the large advances made to sus-
tain their Philadelphia house and heavy
drain upon their deposits.
NEW YORK, September 19.-The Ma
tionaI Board of Steam Navigation have
elected Capt. Dick Voolfolk, of Louisville,
Vice President, resolved against the renewal
of patents, and favor the government con
trolling the Louisville canal.
Vice President Wilson declines the presi-
dency of the Cuban League.
New YORK, September 20.-Dr Miller,
a noted physician of this city, is dead.
The Financial Crisis.
have been commenced to force the Union
Trust Company into bankruptcy.
The Bank of Commonwealth is still
closed.
The mn on the Fourth National Bank has
ceased.
There was moderate run on the saving
banks.
The clearances at the gold exchange are
satisfactory.
Henry Clews s. Co. have suspended-at
present they have no statement to make,
save that temporary suspension has been
] deemed advisable by the firm.
PATTERSON, n. j., September 23.-In
consequence of the financial crisis in New
York, and the general depreciation of new
railroad securities, orders for locomotives
for three months ahead at the Rogers loco
motive works have been cancelled, and 5Sj
workmen discharged to-day 1t is feared
/ 500 moroewill be discharged
RICHMOND, Va, September 23.-The
Merchants National Bank Planters and
Mechanics Bank, Peoples Bank and First
National Bank, all of Petersburg, sus-
pended this morning. : The Citizens Bank
of Petersburg, although not suspended, de
clines payment. Rumors of heavy com
mercial failures are rife IN that city.
The banks at Richmond are cOnsidera bly,
excited over the news from Petersburg.
NEW YoRK, September 23.-The failure
of Henry Clews left Wall street at the close
of business in state of wild excitement
No Roadway was made in restoring conf
dence up to 1 o'clock to-day.
Reports are circulated that Jay Cooke,
AIcCulloch & Co., of London, are throwing
out the drafts drawn by Jay Cooke & Co.,
which have come to hand since the news oil
their suspension was received; but the ru-
NOR can be traced to no authentic source.
Speculative stocks were not quoted at the
close of business.
After the suspension Of Clews & Co., two
per cent. per dag was offered for money.
No regular price was established to-day.
and lenders make their own terms.
The cashier of the Fourth National
Bank which threw out Clews Is Co. 5 checks
to the amount OF 500, 600, says the bank
did so simply because their account was not
good. There was no oveT-draft, but there
would have been had the bank allowed il.
WAsHINCTOS, September 23.-Finances
arc feverish. Comptroller Knox and all
Others are surprised at the Petersburg, Va,
suspensions.
Yellow Fever.
New ORIEASs, September Is. - The
Howard Association Of this city are in re-
ceipt OF a dispatch from one Of their physi-
clans at Shreveport who states that no more
nurses or physicians than are now on duty
arc required. The association here believe
that the generous contributions received by
them from all parts Of the country up to
incurred.
Natchez, Miss, has quarantincd against
L the entire outside world