The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1873-10-02
IRE FEELING N WAsnlN0sON.



neiess 90 A1ssa I0oeasass nslssE-
Geokes 1aohsups.
From The New York SUM-
Washington, September 2A-Ths aspen-
ZION Of Henry Clevs 4 Co. and their Earo-
pean bsanches yesterday, With that Of Howe
4 Macy to-day, created renewed exestemens
here. All day long crowds Of anxious ~
crowned round the sock indicziar in the
Western Union Telegraph oGkce, and he
opinion prevailed that The end Vas noe yet.
At the Treasury department. there vas .
great effort on the part Of the Secretary and
all officials 10 maintain IN uDdisturbed eQuan-
unity. But il wa apparent to The mme
superficial observer that the calmneo ~
forced. There VS. an air q uneassns
aboct every one which could not b con-
cealed.
THE CONDITION OF TINE TREASURY.
]; il qaiie CERTAIN that the resources Of the
Treasury are not sufficient to stand the srsas
dram daily made upon them much lonesr.
The financial exhibit this morning shows
that the currency len the amount paid fos
bonds purchased in New York Vas only
Sl4, 766. 7O5 IS. The amount Of bonds pur-
chased up to this evening il in the neighhor-
hood OF ST.. 900. 900. II the Expresses
used in the daily financial statement, ''less
amount paid for bonds" means the whole
amount put out since the Secretary ordered
the Sub Treasurer to buy, there would b
left only little over two millions Of dollars
of currency in the Treasury. OF course the
Secretary canno, take the risk O. r.
ducins this balance to such q low 6gure,
for the daily demands often exceed two nil
lions. The belief therefore very generally
prevails that the iorty-four millions Of Rreea-
backs retired are being drawn upon. Indeed,
it 10 positively asserted here TO-
night that at least four millions
Of this fund have already been
DRAWN.
The operations of the Syndicate are 1t On
end. A telegram from A. G. Cattell, the
government agent in London, announcs
that capitalists will not invest money in Eve
per cent. securities when it 10 certain that
money will command much higher rates Of
interest in the United States for some time
to come. He predicts thst there will b
heavy expectation of gold from Europe to
this country. The statement that El57,.
900 had been shipped from England to-day
had the effect Of reasuriDg people some
| what.
THE FAILURE OF COOKIES NATIONAL RANK.
As the smoke begins to clear away here .
better idea Of the true condition of Jay
Cooke & 20. and the First National Bank
begins to appear. Heretofore it has been
impossible to arrive At any reliable data.
A desperate effort has been made BY local
Journals to convince the public that the sus-
pension Of both institutions Wa only tenn
porary. Harlanis Duly Chronicle this
morning stated ediiorially that there VS. no
good reason for the suspension of the Firse
National Bank, and agents Of the Cookies
were busy all day circulating stories about
the eafety Of depositOS in that bank. Ons
gentleman said be had been informed BY The
cashier that they had on hand $lOO, 900 Of
currency and S5O,O 600 Of government bonds.
and il they had not suspended they could
have withstoOd any run which might have
been made upon the bank.
THE SUFFERING CAUSED By THE sUsPKN-
Of this bank will be very great In presi-
dent, II. ID. Cooke, being president Of the
Young Mems Christian Association, deceived
many poor people, and their all vas plxced
in the bank. Al least fifty instances have
been brought to my attention where widows
and orphans will lose every dollar they have
in the world. There are some cases pecu-
liarly hard. A Mrs. Cooley had 81, 900,
which she received from q life insurance
policy on her husband This was every
dollar she had in the world, and il IL gone,
and she has not money sufficient to-day to
meet the demands Of urgent Necessity. A
Mr.. Scrivener, who had SIS, 900, the pro-
ceeds of the sale of his property, went TO
Jay Cooke Il Co. to purchase government
bonds, and was persuaded by II. ID. Cooke
to deposit the money with them at five per
cent. interest. This he did, and to-day ID
bankrupt.
SOME OF THE COOKIES CREDITORS.
Ii appears that the Cookies have been bor-
rowing money wherever they could get it ut
five per cent. Columbus Alexander, q
wealthy citizen, had SIS, 900 deposited with
them at five per cent. The St. Johns Or.
phans' Home had SIT 900 deposited on the
same terms. Strange to say, this esgerness
Of the Cookies to obtain money did not Gre
ate a suspicion Of their unsoundness among
shrewd business men. The los Of nearly all
the benevolent institutions in the district will
be very heavy. The Columbia Lyipg-in
Asylum had S2,9, 900 Deposited at the First
National Bank, and the Boys Reform School
So, 200. In nearly all these cases the money
WAS procured to be deposited with the Cookies
by disregard Of Law or deception.
There is unmeasurel denunciatiOn of III.
ID. Cooke On every side. In Georgetown, the
home OF Cooke, threats Of violence have
been openly made by excited people who are
heavy losers. Quite number Of Congress
men and public officers are heavy losers BY
the failure of Jay Cooke Il Co. and the Fist
National Bank. Ex-senator Pomeroy and
Senator Sprague are both said to he caught
for large sums A dom naval officers are
in the same nix.
HOPELEssLY INsoLvENr.
All hopes of the solvency of either Jay
Cooke Il Co. or the First National Bank are
gone. The Secretary Of the Treasury said
Yesterday that be did not think the latter
would pay twenty five cents On the dollar.
A gentleman we'll informed. says that Jay
Cooke Il Co.'S liabilities will exceed their
assets BY ut least four million dollars. The
came gentleman rays he vss told BY presi-
dent Of New York bank, tina. when il was
reported that Jay Cooke Il Co. had failed he
was one of . committee Of Bank presidenis
who waited upon Jay Cooke and asked him
how much he needed to carry him through.
Cooke replied TINT ten millions would be
amply sufficient. They offered him the
money, and asked for his securities. He
produced Northern Pacific bonds, which
thew Of course refused. He had no Others,
and had to 20 by the board. It u
certain that il the true condition Of the a6ain
Of the First National Bank could be found out
some startling things would be revealed.
But the sppointmet Of young Stanton - re- =
ceiver was made for the very purpose of
preventing the truth being made public.