Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-13
TELEGRAMS TO THE STAR
THIS .sflernoo,s's Dtspasehes.
Associated Press Reports.
New York Notes.

WILL VICE PRESIDENT WILSON AccRPr?
NRw YORK, Sept IS.-General McMahon has
reported to the executive committee of the
Cuban League that Vice President Wilson has
been informed Of his election Is president OF
the league; but has not yet made an answer
The league is now preparing an address to the
people OF the United States.
ANOTHER RAILROAD SUIT.
Aaron Freeman, a stockhoider of the Pacific
Mail steamship company, has brought SUIT
against Alden p. Stockwell, late president OF
the company, and the old board of directors, 10
compel restitution 20 the company of a large
amount OF funds alleged 70 have been appro-
priated. 1t Is charged that in January or Feb
ruary, Stockwell, while acting as president Of
the company, unlawfully appropriated 70 his
own use 9 SEQ shares of the Panama railroad
company, which were the property of the Pa
cifc company, and that he loaned ssS5' 600 OF
the company's money to Frank g. Markham,
upon security of some stock of the Bubble
Markham TO be nearly, If not utterly worthless,
with tue intention that Markham should use it
for their own common advantage. No portion
of the money lent by Stockwe1 has ever been
repaid or replaced.
SUSPENSION IN WALL STREET.
Kenyon, Cox & Co., stock and gold brokers,
or 81 Wall street, suspended this morning,
owing, IL Is said, TO heavy losses in Wabash,
TOTAL IMPORTS
for the week ,676, COS, of which 81 172 ss7 were
merchandise and g, sos, 7lS dry goods. Specie
shipments to Europe to-day, s1li, $40 in silver
bars.
THE BANK STATEMENT
is as follows Loans, decrease, 60, SIS, 400;
specie, decrease, s2,S24 200; legal tenders, de-
crease, 81 961 100; deposits, decrease, So 20O
circulation, increase, 50. 200.
COMMITTED SUICIDE.
This morning Louisa Colcesa recently dis
charged from lunatic asylum as cured, CON-
mitted suicide at No. 1874 Leonard street, by
hanging herself to a hook with a clothes line.
THE KENYON, cox & co. SUSPENSION.
Considerable surprise was occasioned In the
stock board this morning by the announcement
of the suspension of Kenyon, Cox & Co., one Of
the oldest and most respectable firms on the
street. They gave as au explanation, their large
Endorsements Of railroad paper, which they are
unable to meet. They were promoters and
heavily interested in the Canada southern road.
1t was believed at first that the failure was due
TO heavy dealings IN Wabash on Daniel Drew's
account, and that the stock accordingly dropped
four per cent. just before the announcement
was formally made. 1t has since been ascer-
tanned, however, that the Wabash pool was not
in their Office. The firm consists of Kenyon Il
Cox, brother of Governor Cox of Ohio, Horace
Manuel, W. II. Hutchinson, and Daniel Drew,
special partner. For a year past the firm has
been known on the street as "Daniel Drew's
house." The amount of liabilities is not yet
stated. 1t is believed that there are sufficient
assets to fully meet them. The whole market
declined from to per cent. before the
announcement, the feature being known
to few. The market has still, however,
steadily improved. The excitement over the
suspension of Kenyon, Cox * Co., has abated.
Mr.. Kenyon went to the Stock Exchange ami
is temporary. Daniel Drew, who is
in Europe, has been telegraphed for.
Only 3 COO shares were sold out under the rule
to-day for account of Kenyon, Cox & Co. The
cause of the failure has been large advances to
the Canadian Southern railway, some of which
are now beginning to fall due. Kenyon, Cox,
Daniel Drew and others have loaned their paper
TO assist in completing the road, trusting to fur
Their negotiation of the bonds at London. Last
Monday adyices were received from London
stating that it was impossible at present to ne
gotate the bonds, and consultation was held
of parties in the interest of the Canada South
ern. Some were willing to contribute their
quota; others were absent from the city, conse-
quently no unity of action could be had, and
Kenyon, Cox & Co. finally resolved to suspend.
Parties connected with the Canada Southern
Railway are among some of the richest and
most influential railroad men OF the country, in
GLIDING John T. Tracy, Milton COPYRIGHT, Sid
ney Dillon, William l.. Scott, and others. The
names are guarantee against permanent en-
barrassment. The general impression is that
this affair will only be temporary. In regard to
the immediate effect in Wall street, many sup
posed the suspension Of the firm would cause
large amounts of stock TO be precipitated on the
market, and acting on this theory there was
rush TO sell. Money is loaned att.