Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1873-10-03
General News Summary.
THE OLD WORLD.

THE OLD WORLD.
| A dispatch from Gibraltar of the 23d say
a terrible explosion had occurred on th
steamer Broombaugh when she was at Sc
| 100 miles off that port. Four persons wer
instantly killed and many so seriously scalde
that it was feared they could not recover.
A Madrid dispatch of the 23d says the Banl
of France had agreed to advance 100000
francs to the Spanish Government.
A dispatch from Teheran, Persia, to Lon
don, of the 23d, announces that the Shah hat
returned to his capital. The whole population
turned out to escort him to his palace.
Advices from San Domingo, of a late date
were to the effect that the revolution agains
the Government of President Baez had as
sumed alarming proportions, and that there
was every prospect of its speedy success. The
towns of Monte Christi and Guayabin were il
possession of the revolutionists, who were ir
close proximity to Porto Plata.
A London dispatch of the 23d says that Jay
Cooke, McCulloch & Co., of that city, had
thrown out the drafts of Jay Cooke & Co. that
had come to hand since the suspension of the
latter firm.
A London dispatch of the Gath says the
house of Clews, Habrecht & Co. had decided
to suspend.
A fire broke out in the Atheneum, at Man
chester, England, on the oath, which had de-
stroyed 10000 volumes before it was extin-
guished.
A telegram from Madrid, of the 2Sth, says
that the efforts of foreign consuls to prevent
the bombardment of Alicante by the insurgent
men of war had failed. The bombardment
had opened at o'clock on the morning of the
9th, and 500 projectiles, some of which were
filed with petroleum, had been thrown into
the city. There was much damage, and
several edifices were in ruins. A vigorous fire
was returned from the forts and batteries on
shore, with effect, for at the end of seven
hours the rebel iron-clads had slipped their
cables and withdrawn in damaged condition.
A Paris special of the 2Sth states that ex-
President Theirs had accepted the leadership
of the party of the left.
A Berlin dispatch of the 2Sth announces the
death of Louise Muhlbach, the celebrated
German novelist
A London dispatch of the goth says that On
that day e636, 600 of bullion had been with
drawn from the Bank of England. The Di-
rectors had, in consequence, advanced the
rate of discount to 5 per cent The election
for Lord Mayor of London had resulted in the
choice of Alderman Lusk.
A Madrid dispatch of the Goth says it is
thought that the failure of the Insurgents to
capture Alicante would cause the speedy sur
render of Cartegena, thus ending the Intransi-
gente insurrection. The Carlists had met with
a series of damaging reverses in the North,
and discomfort and generalization pervaded
their ranks.
A Paris dispatch of the Goth says that Pere
Hyacinthe had abandoned his clerical garb.
THE NEW WORLD.
A telegram from Philadelphia, of the Esd,
announced that the financial storm had passed.
All the State banks that were under suspen-
sion had resumed except the Union and Citi-
zens', and the latter would be ready for busi-
ness in 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 the crisis was oves At that time this
happy state of things was rudely shaken by
the report of the suspension of the house of
Henry Clews & 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. At
the close of business the Government had pur.
chased and paid out over $10,000,000 green
backs for bonds. Ten millions more were
ready to be paid on further purchases, and
fifteen millions in gold notes awaited the pre-
sentation of the five-twenties of 1862, 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 abated.
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 $40, 900. At the time of the failure
Ex-President johnson had 100000 to his
credit; Judge McA1thur, of the District Court,
$4,000; Senator Patterson, of South Carolina,
S14 1000; the widow of former Navy Agent,
1000, 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.
A dispatch from Richmond, Va, of the 23d,
saws that the Merchants National, the
Planters, the Mechanics, the Peoples, the
First National and the Citizens banks, OF
Petersburg, had suspended.
The long expected 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 a 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:
ResoEued. 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 diff
l~o1a into and ON