Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1873-10-03


sens', and the latter would bc ready for bust
ness IN d few days.
In New York, up to three o'clock p. m. Of
the 23d, there had been a general feeling Of
confidence, and the impression had prevailed
that tie crisis was over. At that time this
happy state of things vas rudey shaken by
the report Of the suspension of the house OF
Henry Clews q Co. This event had unsettled
the feeling of security which had pre-
vailed, and fears were entertained that
the end had not yet been reached. Al
the close of business the Government had pur
chased and paid out over S10,0O0,0O0 green.
backs for bonds. Ten millions more were
ready 10 be paid on further purchases, and
fifteen millions In gold notes awaited the pre-
sentation of the fve-twentles of 1869, called in
for November 16. The Stock Exchange had
remained closed. The run upon the savings
banks had continued, but as most of them
had adopted the time rule for the payment of
depositors the excitement soon abatgd.
A dispatch from Washington Of the 23d
says that the failure of Jay Cooke & Co., and
the First National Bank Of Washington, had
just begun to be severely felt in that city.
The Reform School for Boys, the National Sol
diers' and Sailors Orphans Home, the Smith
sonian Institute, the Children's Hospital, and
other institutions had lost sums ranging from
$4,000 to $4,000. AT the time of the failure
President johnson had $4,000 to his
credit; Judge Macarthur, Of the District Court,
$4,000; Senator Patterson, of South Carolina,
$4,000; the widow of former Navy Agent,
s14,O 900, and Gen. Hunter had large balance.
In Chicago, on the 23d, opinions were
freely expressed by the leading fnanciers
that the bottom had been reached. The feel
ing in the Produce Exchange was excited and
peculiar. In the morning every one seemed
to think that the day would look brighter, and
the market opened somewhat buoyant 1t
could not be kept up however, and prices
dropped till wheat got below one dollar per
bushel.
A dispatch from Paterson, N. j., says that,
in consequence of the general depreciation of
new railway securities, the orders for lOComo-
tives for three months ahead at Rogers Loco
motive Works, in that city, had been cancelled
and $50 workmen had been discharged. 1t
was feared that 500 more would be discharged
from the same works, and several hundred at
the Danforth and the Grant works.
dispatch from Richmond, Va, of the 23d,
says that the Merchants National, tine
Planters, the Mechanics, the Peoples, the
First National, and the Citizens banks, of
Petersburg, had suspended.
The President, on September %, issued his
proclamation announcing that deGerential du-
ties on imports in France and the United States
had been abolished.
The longexpected prize fight between Allen
and McCoole came off at Chateau Island, four
teen miles above st. Louis, and nearly opposite
Mitchell Station, on the 23d. The contest
lasted twenty minutes, seven rounds were
fought, and Allen was declared the victor. 1t
was brutal affair, and the dispatch stated
that McCoole had been terribly punished.
A full meeting of the Chicago Clearing
House Association was held on the evening of
the oath, at which the following resolution
was adopted:
RssoiUed, BY the Chicago Clearing House Asso-
citation Of the city Of Chicago that until further
action, and in view of the disturbed condition OF
affairs in New York and other cities, and the din
Guilty of converting balances into currency and on
the advice Of the Bank Examiner, it's members be
recommended and authorized 10 suspend currency
payments on any large demands made upon them
either from country banks or over their counters.
A New York dispatch Of the oath announced
that Howes & Macy, an old and well-known
banking firm, had suspended The Clearing'l
House had issued another $l0,000,000 of loan
certificates, and resolved to stand by all the
banks that refused to pay out currency over
their counters, and expel all those that do not.
Brown & Watson, gold brokers, had suspended.
The examination into the affairs Of the Union
Trust Company had been concluded, and
would shortly be made. 1t was said
that the defalcahon of the late Secretary
would not exceed 100000.
Advices from Washington of the oath were
to the effect that the authorities had been dis
appointed at the renewal of the financial trou-
BILE in New York on that day. 1t was reported
that the Secretary of the Treasury had tele-
graphed to the President that, in his judg-
ment, the purchase of bonds should cease
the amount of currency used should
reach $12, coo. The President had not re-
piled to this dispatch. An application had
been made to the Secretary, by leading finan-
cial men, to anticipate the redemption Of the
$50, 600, 900 of five per cent. gold bonds falling
due in January next.
Milwaukee, Wis, dispatch of the oath
says the Chamber of Commerce of that city
trading in grain until further notice.
dispatch from Wilkesbarre, Pa, of the
oath announced that Brown II Gary, bankers
of that city, had suspended.
A Baltimore telegram of the oath announced
that all the banks of that city had stopped
payment. Brown, Lancaster "
Cowell agents of the Chesapeake Il Ohio
Railway, having houses in Baltimore, New
York and Richmond, had also suspended
A Little Rock, Ark, dispatch of the oath
says the money panic in that city continued,
caused not so much by Eastern financial COM
plications as by the refusal of the city banks
to take the shinphsters that have been cur
rent there.
A dispatch from Richmond, Va, says that
the Richmond Dollar Savings Bank had sus-
pended, and that Taylor Il Williams, bankers,
had failed
A dispatch to the Associated Press from
Texas, of September gath, says
that a series of butchcries and robberies had
recently been committed in Mexico, the vic
Tins in every case being Americans. The
of these crimes were arrested,
and their guilt fully established, yet not one
of them had been punished, the authorities
being either Indifferent or powerless. The
facts had been reported by the Consuls
to Washington in the hope that redress
would be demanded.
On the afternoon of the 23d, Mr.. q. G. Lyon,
Of the Chicago publishing house of Adams,
Blackmer Il Lyon, committed suicide by
throwing himself in front Of an approaching
locomotive, at Oak Park, Illinois. Physical
and mental depression is said TO have superin-
luced the tragedy.
The New York Republican State Convention
met at Utica on the oath, and nominated
Francis s. Thayer, for Secretary of State;
Nelson X. Hopkins, for Comptroller; Daniel
G. Fort, for Treasurer; Benz. d. Silliman, for
Attorney General; S. Mead, for Canal Com
missioner; VIM. B. Taylor, for State Engi-
neer; NJ. X. Platt, for Prison Inspector
Resolutions were adopted, affirming that the
past history of the Republican party was
guaranty that it would be true to every future
obligation and requirement. that the party
had overthrown the Tammany iniquity, ele-
a. IaI, nd Nlaat