The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-11-03
TELEGRAPH13[1C.
The Public Debt Increasing
Continued Failures in the
East.
Business Matters in a Criti-
cal Condition.
The Dubuque Bank Thief
Escapes.
One of the Stokes Jurors
Arrested.
Stokes gone to Sing Sing.
The Tilton and Beecher
Business.
Other Items of Interest.
One of the Stokes Jurors
Arrested.
Stokes gone to Sing Sing.
The Tilton and Beecher
Business.
Other Items of Interest.

WASHINGTON, Nov. 1.-The public debt
statement shows an increase during Octo-
Der, $3,039, 900; coin balance, $50, 3l3, ,5S1
currency balance 81, 3l2, 155; coin certii-
Gates, $27, ,569, $50; certificates of deposit
for redemption of legal tenders, $S,675,-
600; outstanding legal tenders, $3.50, 952,-
206.
New YORK, Nov 1.-The house of II.
B. Clafin Il Co. is freely spoken of this
morning as in trouble. 1t is sated that an
adjourned meeting of those interested in
the house will be held at noon to-day.
Fl. B. Clafin x Co. notified the Associ-
ated banks to-day that they were not in
need of any assistance.
Stocks have fallen off and the Bank of
England has fixed discount rates at per
cent. At this time nobody seems to see
the end
The banks gained four million currency
to noon today, and now hold eighteen mil
lions. The lowest amount ever held was
IS $1,000.
The Chesapeake & Ohio Road defaulted
in their interest payment to-day. The
company will make statement on Mon
day. A number of other new roads have
all promptly met engagements
| The railway freight business is suffering
severely from the financial distress, and
many roads are reducing expense by the
reduction of wages and the discharge OF
| workmen. The reduction of the wages OF
masons commenced to-day. A number of
masons and laborers on the Delaware 4
Hudson Canal Company's works struck.
The failure of Hoyt, Sprague & Co. and
rumors in regard to Clafin l. Co, have
called attention to the dry goods trade, and
inquiry shows that transactions are slight
and confined TO current wants. The house
of Clahin 4 Co. in sending word to the
clearing house that they need not dehber-
ate longer in their case, that their own
banks and mercantile funds were sufficient
| for their necessities, did a great deal to-
wards reassuring the business community
that merchants have faith in each other and
are ready to assist one another. Members
of the firm say the house will not stop, that
it is as solvent as any in the United
States. They admit suffering some en-
barrassment and having allowed some
accounts to mature, but say that all notes
have been promptly met and will continue
to be- One of the firm stated that they
oyerreached themselves in their endeavors
to assist Hoyt, Sprague Il Co, and intima-
ted that they purchased million dollars
worth of goods of them this week He ad-
ded I'VE are now negotiating for assis-
tance of some sort from the banks and
other corporations If we succeed, every
thing will run along in regular grooves if
we fail to get assistance we will be COM
!, PEELED to ask an extension upon our open
accounts, but not notes for our current re-
ceipts are ample to meet calls now Don t
understand me to say failure is at all prob
able 1t is not possible, tits simply absurd
to think such thing possible. "
PROVIDENCE, Nov. 1.-The committee of
bank representatives report the assets of
A. II. and W. Sprague over nineteen mil
lion. Liabilities eleven million Surplus,
over eight million.
: Senator Sprague has retired from the
, presidency of the company, and Amos A.
Sprague takes his place. A mortgage deed
has been prepared to secure all the pro
perty and assets, private and corporate
: for the benefit of the creditors. The Gre
ditors are very numerous, and possible
objection may be raised to the plan of set
tlement, but it seems to meet with general
favor
PHILADELPHIA, Nov. jay, Cooke &
: Co. have again insued circulars to theil
s creditors earnestly requesting their assent
to the proposed agreement One of theil
heaviest creditors here says if the firm is
. forced into bankruptcy they cannot pay
+ over 25 cents on the dollar, but if allowed
4 to settle themselves they will pay every
I dollar and have nice sum left.
p MeBeath K Brother leather dealers
have suspended. Liabilities $4,000. The!
will pay SO per cent.
The following firms have suspended
within the past three days: D. Trump 1
II Sons, lumber merchants Rheinstrom q
= Co.. liquor dealers and rectifers G. 4 G
f NJ. OCallighan d Co., sugar and molasae
importers.
; Samuel Cattell, manufacturer, who failet
, a short time since, is now settling with hi
It creditors.
,fl PHILADELPHIA, Pa, Nov. THE gol
o coinage at the United States Mint in Octo
!. ber amounted to 81 0I0,0OO in doubl
ID eagles. The gold weighed % tons.
: New YORK, Nov. l.-On inquiry at tn
d freight offices of the leading railroads. i
}, was ascertained that their freight busines
:; was suffering severely from the fnancis
K disturbance, and in many cases railroa
L companies were largely cutting down ez
t penses by a reduction of wages and dis
e charge of workmen.
= DUBUQUE, Nov. 1.-R. A. Babbage, tn
!. defaulting cashier of the Merchants Ma
s tional Bank, slipped out of town las
Wednesday, in a carriage, leaving for part
a. unknown He was last seen at the villag
is OF LaMotte, jackson county. His depar
q 1re was kept secret till last evening. Th
" rear OF the Grand Jury, which sits nez
N week, probably accelerated his fight. N
n. effort is yet being made to capture him.
Ip New YoRK, Nov. l.-James Delos Ce,
p ter, one Of the jurors in the Stokes cas-,
0. was arrested tonight and LODGED in m
Of cell occupied by Stokes after sboot;ng F;sl
O. The Grand Jury is believed to have snd;e, i e,
rs ed him for disregarding the oblirat;ons s,s nf
juryman. 1t is reported that Center :.
4 peatedly said, while in the custe DIV Of n
" Deputy Sheriff, during the trial III, b
: Stokes would not hang, and that he wo,,l ami
not do anything to harm him.
Stokes has departed for Sing Sing.
Dr. Henry DeGraff, of Union Hill, N. ]
is said to be shot by JAS. Columbus. b,
1 cause of the debauchery Of his wife an
daughter. The Doctor is dying.
~ The name of Theodore Tilton, at Ph
:. - mouth Church lust night was erased roI
the roll Of members. Tlton, who WI