The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-10-14
NEW YORK.
Proceedinesf In Bau kruptcy Against
Daniel Drew

being LARGELY influenced by the pro-
ceedings in bankruptcy against Daniel
Drew and the decision OF Judge Blatch-
ford 10 the Grinnell case. Money was
closer, exchange frmer. gold and gov
ernment bonds stronger, and stocks at
the close heavy aud lover. In the case
of Daniel Drew it appears that on Sat-
urday last complaint was made before
the U. S. District Court in bankruptcy,
by L. S Scott, of Erie, Pa. against the
firm known as Cox d Co., in which
Daniel Drew is one of the partners, to
show cause why they should not be
adjudged bankrupt. Papers in the
case were served upon the respondents
this morning. The PROCEEDINGS were
instituted on the ground that Drew was
alleged to be secretly getting his prop
erty out OF his hands so as to be able to
swear he could not protect notes which
he had endorsed.
The Stokes Trial.
In the Stokes case to-day two ad-
ditionsl jurors, James D. Center, and
John Cropley, were obtained, making
uine thus ar sworn In.
The Union Trast Company.
The committees oil the Union Trust
Company did not hold a meeting to-day
owing 70 the lack OF y quorum. They
intend TO make an Investigation OF the
company's affairs. which are now re-
gsrded rs IN good condition, and TO
take steps for the resumption OF business
as soon as practicable.
George B. Grinneli q Co.
In the case OF George B. Grinnell q
Co., upon application OF VIM. NJ. Evers
cite, 10 behalf oil the Blake Brothers,
Judge Blatcbford modified the iDjuuc-
ton restraining Griauell Il Co., from
dsposiug or transferring their property
so ss to allow the firm 10 pay Blake
Brothers the amouLt OF their pledge
securities. Similar applications from
other firns will be made on Saturday.
Bank of The Commonwealth.
The Clearing House to-day sustain-
ed the views of Receiver Bailey in re-
gard 10 the Bank Of the Common
wealth. They also extended The time
for cancellrng loan certificates.
Bank officers report no material
change 10 the condiuon OF city banks.
All deposl,ors of the National Trust
Company which resumed business this
morning, were paid in certified checks
on The Central National Bank. A
large crowd was in attendance 10 re-
ceive their deposits.
Uueasiness on Wall Street.
There appears to be general feeling
OF uueasiness on Wall street regarding
the proceedings in bankruptcy taken
against frms o. the street lately, and
the fnal Issue is snxiously awaited
There is a general feeling OF insecurity
apparent, as it is claimed that where
20 much money is tied up by pjunc-
tious many solid firms are disabled aud
the entire street serlousl y frightened,
thus presenting new cause for the re-
newai OF the late panic Mr.. Robin
son, OF the firm OF DreXel, Morgan d Co.
said to-day that his house had deemed
1t polltic TO accept no loans OF money
where stocks were. needed as collateral,
because il su owner OF stock chose 10
apply iu court for ap action OF bank
ruptcy against them, at time when
the lender was in possession OF SAID
strength, the firm would be helpless,
aud, although they might be solvent,
they would be unable 10 avoid bank
rup,cv. A member Of another firm,
speaking on the same subject, SAID that
| il the law has tue right to refuse a man
possession OF his stocks, or to hinder
! his agents from selling them, it will
intimjdsle banks apd bankers who are
in the habit OF accepting stock collater-
ais Tor loans
The final decision Of the court re-
garding tsrkruptcy proceedings is
anxlously awaited on the street.
News Items.
The delegates 10 the Evangelical Al
lisuce Conference, left this morning tor
Phi!sdelphls. A short stay will be
made at Princeton, where the delegates
will be received by President McCosh
and faculty, OF Princeton College, and
other distinguished residents OF the
place.
The failure OF P. Il. Stevens was an
nounced this morning at the Stock EI-
change.
Mrs. Charles Bsckus, formerly Kate
Newton, q we'll knowa actress, died here
Yesterday. The funeral will take place
on Wednesday.
The Federal Cousci) OF the Inter.
national Workingmens Association
had meeting yesterday, when the
Committee on Cheap Transportation
recommended IS the best means OF ia
cilitsting transportation the opening Of
large water WAYS. under control OF the
Government, st rates covering running
charges and repsirs.
The steamship George ". Clyde. ar.
rived at Key West on the S,h Of Octo-
Der, from Galveston for New York, re-
ports that during severe hurricane on
the 9th, Captain Cole, the second off,
Ger, chiet engineer and one seaman
were washed overheard aud drowned
Important News Expected from En-.
rope.
A special to the daily Graphic from
Washington, says the Diplomatic
Corps are looking with intense ankle
" Enr naus from Enrnne Stsrtlin de-