Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1873-09-27
TELEGR A PHO.


Failure and Suspension OF Jay Cooke 4 Go.
PHILADELPHIA, Sept. 18.-The great
firm of Jay Cooke & Co. has suspended.
A crowd is now collected around their
place of business.
New York, Sept. 18.-There is great
excitement on the street in consequence
of the announcement of the failure of
Jay Cooke & Co. The question gener-
ally asked is, "Who nextp" Stocks
begin to tumble generally, caused as
much by apprehensions of the future as
by the existing condition of affairs.
Prominent operators in Wall street at
tribute the suspension of this firm, not
SO much to the efforts to sustain the
Philadelphia house, as to operations in
the Northern Pacific Railroad, which,
it is said, they sought to carry beyond
their strength. 1t is expected the Life
Insurance Company with which Jay
Cooke ~ Co. are connected, may have
to go under. 1t is said that Jay Cooke
lost large sums in the recent gold move
ment. Some say they are unable to
make any further statement, save that
they expect to resume business in
short time. There is general break
ing of stocks of from one to ten per
cent. under the rush to sell. Great ex-
citement continues. Western Union
fell from So! to 7S9; New York Cen
tral from 901 to S74; Wabash from 56a
to 51i; Northwestern from SO to 49!;
Northwestern, preferred, from 76 to
AZ; Rock Island fell from 1O3 to 80;
Pacific Mail from 42b to 81.
3p. M.--The excitement is intense at
the Stock Exchange. Vanderbilt stands
by his Central, and Lake Shore and
Pacific Mail are cared for, but Western
Union dropped from SO to 7SA. Money
is quiet at 7. No failures other than
that of Jay Cooke Il Co., are an
nounced. 1t is said that Jay Cooke,
McCulloch e. Co., of London, are solv-
ent, with a large surplus above liabili-
ties.
A Philadelphia dispatch says E. W.
Clark e. Co., have suspended.
Grand Lodge 1. o. O. F.
BALTIMORE, Sept. 19.-At the session
of the Grand Lodge of Odd Fellows,
this evening, a majority report was
made leaving the Sunday law as it is at
present.
Sioux on the Warpath.
OMAHA, Neb., Sept. 20.-The Sioux
Indians are officially reported as pre-
pairing for another raid. Runners into
Fort Fetterman state that a large war
party split off from the main camp
which was moving into Fetterman, in
consequence of Arapahoes having killed
Sioux on Tongue river. Two large
war parties are also reported as having
been seen thirty miles north of Fetter-
man OH the 10th, going east.
Mormon Emigrants Returning to Europe.
New YORK, Sept. 20.-Five hundred
Mormons, who arrived in this city yes
terday, left to-day for Europe. Two
hundred are Scandinavians; the remain
der are English, Irish and Welsh.
New YORK, Sept. 19.-The death of
the wife of Ben Halliday, yesterday, is
announced. The funeral will bo held
on Sunday next.
Heavy storm in the south and Fatal Rail-
way Disasters.
AUGUSTA, Ga, Sept. 2O.-The heavy
continued rainstorm on Friday and
Friday night did considerable damage
to the railroads entering this place,
washing away culverts, wrecking trains,
and killing several employees. At
Branchville, on the South Carolina rail-
road, an up passenger train from
Charleston ran into washed-out cul-
vert. The engineer, fireman and two
passengers were killed. On the Cen
trail railroad the engine of the down
freight ran into washed-out culvert
about two miles below Milton. Six
cars were piled up, the engineer and
fireman were scalded, and the train
master killed.
FOREIGN.