New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-22
closed Friday, many who had gone down during
the day might have been saved.

been closed on Friday many who had gone down during
| the day might have been saved.
| BROWN, wADswoRTu co.
The firm OF Brown. wadsworth & Co have been doing
business at No. ~ Nassaust. for about two years.
member the house stated that they had suspended
simply because they afraid to go They could
have held while longer but In tho present chaotic
condition OF affairs everywhere they dared not receive
or deliver or do any business whatsoever until they
! knew where the bottom They had suspended TO
avoid serious losses and thought that their
toners had abundanty secured them. They had never
been carrying so small line of stocks since beginning
| business. They were principally Interested In New
York Central, Harlem. Lake Shore Rock Island. and
| Pacific Mail. As confidence should be restored
and accounts cleared they hoped to For several
months they had considered the firm OF Jay Cooke Co.
| insecure, and had doubted II they could carry the
| tremendous load OF stocks they attempting
The suspension OF Fisk & Hatch. however came like
| thunderbot "They could have trusted all their
| money" said tho speaker with that firm Oh Friday
morning" The closing OF the Stock Exchange the firm
regarded as commendabe, 1t would afford time for
| relief and by this morning confidence would be in
measure restored Except for that, almost no house in
the street would have been able TO stand As matters
now stood, 1t doubtful II any, at least any con-
siderable number Of firms in tho street could pay their
debts though with OF confidence all would
yet go well with the larger portion. The outlook was
however, somewhat gloomy even for the whole country
The suspension OF Jay Cooke Co. affected an Immense
| number Of correspondents throughout the country
Though Wallst influenced the country extensively
and 80 generally, yet time only could determine what
would be of crash general business and
remote sections
LAWRENCE JOSEPH
Lawrence Joseph commission broker OF No IL New
ST. announced his suspension early Saturday morning.
He said that his suspension about in this way:
The Bank OF the Commonwealth had all his money and
when the announcement that 1t had suspenped he
completely lost his head" aud announced his own sus
pension He said he on stocks and owed not
cent TO anybody. II anybody wanted money from him
he had friends who willing to furnish it, aud he
hoped TO the of his from the Bank Of
the Commonwealth. He had beenHdealngiin stocks OF
every variety, but need not have suspended had he
taken time TO consider whore he stood. He should with
draw his OF suspension IL possible to-day
For months the street had been looking for trouble IN
the firm Of jay Cooke Co., but had dreamed OF
the fall Fisk Hatch. Thore had been too much rail-
road building and too much stock watering The de-
yeopments Of the last few days might have sautary
effect upon this kind OF business
FEARING q DILLISGER
The firm Of Fearing Dllnger OF No. % Broadst. were
commission brokers, who like many Others, had been
dealing in stocks OF every kind They were principally
"long Vanderbilt stocks more especially West
ern Union Their customers had failed to increase their
margins, and they were thus left helpless They need
have suspended quite early cOulu
held out short time. They had been doing business
with considerable degree of security, and the crash
had come without hint OF warning
MILLER 4 WALSH.
The firm Of Miller & Walsh have office at No. II
Broad-st. Their business however, is small. and they
were reluctant into any conversation concern
ing their condition They attributed their suspension to
the failure of banking accommodations and their nab
ty to obtain money from their customers. They sus-
| ad {.
! tonary measure. They had not made an examination
OF their books and knew not where they Stood They
had been dealing stocks OF kind, but had con-
sdered themselves until "a hours before their fall
KETCHUa & BELKSAP.
Ketchum & Belknap OF No. "a Broad-st suspended at
about IL a. m but in the general uproar this caused very
little additional excitement. The firm had miscellaneous
mainly Vanderbs one of the partners stated
that the firm was largely speculative but was doing
business in safe stocksthOugh nothing seemed safe
now 1t impossible to tell where the concern stood
Though much of the stock held was for customers on
margins" the firm had considerable on their own ac-
| count The Of the suspension was the want OF
margins everywhere felt and holding too much Wander
| bIt stock.
Williams Bostwick OF No. 40 Wall-st, dealt good
deal in gold exchange and they reported to BIO
heavily loaded with Arkansas bonds The firm said that
they were unable borrow any money and were there
fore forced to suspend. They could not estimate their
liabilities but hoped az matters quoted down to
| make settlement and resume
| c. WHITE.
c. G. whiteabroker clearing through II. G. Godet OF
No 25 New-st failed early in the day. He formerly
! a Spectator. His name cOnfounded with that OF
| s. " White and some excitement temporarily
! caused by the mistake.
TAUssIG, FISHER & co.
The failure Of Taussig Fisher Co. OF No. 80 Broadst
was apparently bad one The firm were concerned In
| many railroad enterprises. and held some OF the de-
pressed stocks The partners refused to mako any
statement and could not tell whether they would start
again or not branch house OF this firm in st. Louis,
Taussg Comp Co.. closed their doors soon after the
announcement Of the failure of the New-York house.
The branch has also been engaged in many rail
road enterprises but the firm hope to resume IN few
| days.
p. NJ. MYERS CO.
The news OF the suspension OF Peter NJ Myers Co. OF
No "a Pine-st became known at the Stock Exchange
lust before it closed. Mr. Myers said that they were
unable borrow money without paying or per cent
day for 1t, and they thought 1t best to stop. III they
had waited few moments they would not have had to
suspend Mr.. Myers told OF one man who was Oh his
way the Exchange hand in the ticket OF the firm
when no heard the Exchange had closed. 10 was mpos
sbe state what Of their liabilities was,
but the firm hope TO resume soon.
w. g. MooRHEAD q co.
The unimportant firm OF w. o. Moorhead Co. Of No.
90 Wall-st., also suspended.
MEASURES OF RELIEF