davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20
AN IMPENDING CRASH IN H0BOKEN.
TWO BANKS EMBARRASSED BY THE FISK HATCH
EAu.URT.


FAILURE.
The following facts in reference to the HoDoken
Rank for Savings are furnished by reporter on the
authority of ex- Recorder Pope of Hoboben, who Is
director of the bank Up TO yesterday afternoon the
efforts to raise by subscription the S67OO deficiency
caused by the late defalcaton in the bank had not
reached $4,000 The directors, seeing the doubtful
srccess of this movement have been circulating
o.ition 10 have Chancellor Runyon appoint Charles
Clinton the present President of the bank, its re-
ceiyer If 1t goes into bankruptcy. Meanwhile, inc
ovents of yesterday will probably induce the
danositOrs to take immediate steps TO throw
the institution into bankruptcy. The failure OF
Fisk a. Hatch impairs the resources OF the bank by
abont $4,000. Deeming it possible that the bank
v,ould resume the directors sent over to New-fOrk
good part of their convertible securities for the
,,rnose of getting them cashed OF the amount thus
realized they deposited for safe keeping with FISK
g Hatch, $4,000 Immediately upon the announce
ment in yesterday mornings papers oil the crash IN
yyollst the treasurer of the bank went to NewYork
for the purpose of taking this money out OF the
lands of the suspected bankers He reached their
o,,ice only to learn of their suspension and came
hock empty-handed If this money cannot be re-
covered the bank is in hopeless state. The direc-
tors of it hope that Fisk & Hatch may resume soon,
and repay the amount deposited with them.
The ruin of the bank will involve the ruin OF the
First National Bank of Hoboken. No two banks
were ever more completely united than these two
They are both controlled by the same Board OF d.
rectors and the funds Of the two are common prop
erty. Neither bank can BIO crippled without
Gripping the other Owing to these facts several oil
the depositors in the First National Bank have with
drawn their deposits, aud run upon the bank Is
dreaded The sole reason of the strong effort made
TO save tho Hoboken Savings Bank was the desira-
bity of covering the insolvency of the First National
Bauk Ii Ia Thought that In the event of the latter
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20

.uericn, Gentlemen in search rood ami economical IOs
don tailor ar, directed By,sIy Ulster House 38 C"niu'
London W. special materials and styles for Ulster Aeu1s
and universal covert Ulster shooting aud conntJ SUITS H.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20

" What ought TO be considered Honestly ana heSa"'
Gold .-scarat gold goh 4 alloy s all the require nents
l9carat gold may be honest gold looks well sni ~H
we'll proportions m their preiensons and uousl H. ~
and caras may tolerated they Ikea betutf pigment m-re
with base ail.eran"Vi" rhe BOOK Of Hall hirs Amer 'aS'
visit No Fpgnd should 20 &, NJ store 81 COO us
Bons LonoH hs stJcS Of l5os gO ii -eA
and bonzs Ca,iOsie Ji'. ier
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20
THE CRISIS EXPLAINED.
IHE VNINIo I'M IlHINID
NATURAL RESULTS OF RAILROAD EXPANs

NATURAL RESULTS OF RAILROAD EXPANSION.
+. c. Stedman the poet who has long been a
broker in Wall-st, gave the following views on the
situation to TRIBUNE reporter yesterday afternoon
The present trouble dates back TO the time when
Secretary Boutwell, tried to fund his loan from per
cent TO per cent. This was in 1871. Prudent men
said it could not be successfully done, and they
were right. Boutwell, kept money easy for five or
six months in the effort to get tho people to
take his loan; but instead Of funding
his own loan TO any extent he enabled small
houses to float private railroad loans and
enabled largo houses to expand. We should
have been back TO specie payments but for these
railroad bond speculatOrs. We have been working
back to it several times, but hard times came on
and Government would MT allow it. They put out
money to relieve the spectators. The failures nave
been confined to the houses started during ana since
the war; There has been great Western railway
expansion, and the bubble has finally exploded, as
it was bound to do sooner or later We have known
that the crash was coming, but ddn't expect it
this Fall. There is no true reason why the trouble
should extend to the mercantile world, and it can
only do SO through a sympathetic process
The losses will fall chiefly on the spec
ulating firms who have done everything to
retard the resumption Of specie payments for years
II the Government will sit still and let them fall,
then we shall be long way advanced toward specie
nayment The fact is that this is the severest blow
that the Administration has received, as II Is
tbe direct result of the policy of the Government,
which has been one of initiation whenever the Al
ministration was likely to be unpopular from hard
times. The break has not surprised any one who
knew how business was transacted. Brokers nave
been able to buy the bonds of new roads hye OF ten
ner cent less than the advertised rates, at which
they were furnished to private persons purchasing
for investment. This was the case with the Jay
Cooke bonds-the Northern Pacific. the Oswego and
Midland, and most other railway loans. IL was not
60 with Fisk & Hatch's roads. Their bonds were
GOOD and they believed in them. This panic is diff
frent from any that has occurred since that OF 1857
That was caused by undue mercantile expansion,
and this by railroad expansion. One thing
ia certain; it has cured the disease. There
will be no moro lending of large amounts on new
railroad enterprises, and when the wreck is cleared
away there will be healthier condition of things
than there has been for years past"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20

Ladies' suffering frou Rupture instantly relieved s,f soon
cured, b the ELA,TC 0o3 Broadway Pnye H0oms Lay
atteuduts Metal puug dlgern lhT s9oas PA not "en
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20

,lZi3o4 81
The Committee believe that this will guarantee the
payment OF the indebtedness. They recommend that
an extension be given to the Company Of twelve months
from Oct l. with interest at the rate Of seven per cent
per annu and that the directors convert the assets
into cash as fast practicable and place the money
collected IN bank and In trust company, and wnen-
ever the sum in hand amounts to ten per cent Of the
liabilities dividend Of ten per cent be made pro rata
In place OF four Of the present directors Of the Company
they recommend the election of four directors TO De
named by the creditors one OF whom shall be chosen
president and as the debts are paid they wish
TO have the election Of directors and president COM
rnitted to the stockholders of the Company
JAY COOKE & co.
The excitement at the offices of Jay Cooke
A. Co was renewed yesterday morning Curious crowds
around the doors and gazed curOusly at
the occupants until driven away by the police WITHIN
the office the clerks industri0usy at work arrang
ing accounts aud preparing the statement wnchiS to De
submitted for inspection to those most interested
The members Of the firm were engaged in superin-
tending the details in converslng with friends
and creditors who came to ascertain what the pros
meet of q speedy resumption OF business. The hrn
stated substantially that they needed time for the adj
nstment OF their accounts They must hear also from
their various Offices statement wOuli De prepareu
shaving the condition OF affairs and tins would De lot
warded 10 their creditors through the POst-Omce Unt
then they asked for indulgence lhey iu 10" "iVio"i
facts 10 furnish. -.
All deposits received from their correspondents by
Iav Cooke ~ Co since the hour OF their suspension,
nave been deposited the Metropolitan Bank SUBJECT
10 the order of the depOstors IN cases where Inherent
directions have not been received by telegraph.
For Other details Of Toh Page IN Second Ed'on
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20

Little IL left be wished for by those who quarter 81 inc
AMERICAN Boston. late improvements t'tf mug
the unquse management Of toe past coaiHaoS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20

AMONG those lost in the disaster to the IrOnsides,
on Lake Michigan 10TH Mr. JoHS HES prominent ot
zen Of Milwaukee insured for s. 900 Under general Accident
Pulley in the TRAyELsRs Insurance Of Hartford Conn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20
MARRIED..

True md False Science Speech st the rgnim siSiis P
Parke Codsrh. ia IarBuNK bBcruRs EXTRA No D
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20
DIR. Cotton

Send. scores Of people Institute isy with
nile Of Subtraction their faces
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26
PRESIDENT GRANTS SOUTHERN TOUR.

1t seems definitely settled that the
President will start Oh his Southern tour
on the 10th of March, and will make
Richmond his first stopping place. 1t
is further understood that he will be ac-
compnied by the members Of his cabi-
net and many other distinguished per-
sons, including several Senators and
Congressman, and that the tour is to be
of great significance and Importance.
The municipal authorities of Richmond,
Raleigh, Columbia, Atlanta and other
cities are making arrangements to give
the party suitable reception, and the
prospects are that all the receptions
will be of brilliant character, consid
ering the resources of the South
ern people. 1t is given out on
authority that appears reliable that the
President desires to meet the leading
citizens of the South and converse with
them upon the social and material pros
poets Of each State, particularly to learn
how they feel upon the questions Of &C
curing Cuba, Mexico and San Domingo.
He has some object of this kind in view,
evidently, and it is to be hoped that
there will be fair and full expression,
and that the President will see the South
Just as it is, and not as it has been rep
resented by those who can only hold
Office while strife and prejudices are
kept alive. The visit may accomplish
much in the way of removing misappre-
tensions and restoring harmony between
the North and the South. Should the
party come this way courteous and
dignifed respect will be manifested by
all classes of our people.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26
southern Patents.

List of patents granted to Southern
inventors during the week ending 2Stf
Of January, 1878, reported for the
LEDGER by R. S. & A. P. Lacey, patent
attorneys, Washington, d. O.;
1875, Dumping wagon, P. Bodley
St. Louis, Mo.
1927, Sash-lock, c. 7. Gibson, Bal
timore, Md.
1929, Steam generator, I. Harang,
LaFourche, La.
1876, 233, Safety gun.lock, D. Il. Mapo-
Their, Louisville, KY.
1925, Back chain for cart saddles,
W. B. Mcclure, Alexandria, Va.
1882, Process for treating lamp
wicks, st. Clair F. Sutherland, Balti-
more, Md.
l35,254, School satchsl, 81. Wallis, St.
Louis, Mo.
1926, Car-coupling, s. Il. link,
Knobnoster, Mo.
1926, Machine for sharpening GIN
saws. J. NJ. Bailey, Meridian, Miss.
1928, Base burning fireplace heater,
W. Magill, Port Deposit Md.
1929 Bedstead fastening, j. F.
Mapcha, Ridgely, Md.
1928, Pillow, ]. W. Reed, Careyville,
Mo.
l35,2sO Cotton planter, W. E. Rhodes,
Darlington Court House, s. G.
1921, Hay and cotton press, Z. A.
Shearer, Morristown, Tenn.
1880, Machine for granting, peb'
bling and softening skins and leather,
N. o. Lounsberry Wilmington, Del
1876, 1863, Pillow. E. Reese, Eutaw, Ala.
1886, Insect trap, NJ. Rigell, New
ton, Ala.
1886, buster, G. NJ. Smith, Louis
vile, Ky.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26

Partisan ingenuity has become Of
worldwide notoriety, aud maniiests Il
self in every branch OF science aud art,
The latest example was discovered by
accident, and, as in many parallel cases,
the invention has proved the ruin OF the
inventor Two el4gantly-dressed ladies
we're pricing some cravats al the Maya
sin du Louvre, celebrated dry goods
establishment in Paris, when the clerk
noticed that some had disappeared, and
as the ladies were alone at the counter
they we're politely asked 10 step up stairs
where they would be searched by per-
sons OF their own sex. OF course, they
we're very much offended, but had 20
comply, and they were stalking up the
stairs, when lol they dropped collec-
ton Of small articles along the way,
which the people behind them picked up
with great hilarity. IL seems that the
trick Of these females was 90 throw down
what they wished TO steal, and wearing
large shoes they would slip them oil and
pick up the object with their foot; then,
lifting il as high as possible, hold II there
THE object, not the FOOT. which can only
be done after much practice; still seems
that ascending stairs is not feasible.
Seeing their theits discovered, they cried
and tainted, and offered large sums Of
money 10 be let free, but in vain. Sew
enteen hundred francs worth OF articles
were seized on them, and they were taken
To prisOn.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26
ADJUSTMENTS.

MEMPHIS THEATER.-The Octoroonr
one of Boucicault's dramas, was pre-
scented at the theater on Mardi-GraS eve.
Miss Isabel Freeman appeared in the
leading role, Zoe" and gave a most
truthful rendition of the part. The
drama depicts Louisiana times before
the war, when the "slave mart" was in
full blast. The story is simple and pa
thetic. Zoe" the octoroon girl, is
brought up as a member Of the family OF
Mr.. Peyton, but reverses of fortune
drove the family to comparative want.
The plantation and the slaves and the
octoroon girl are sold at auction.
The history of Zoe, and her
trials and tribulations during the
varying and eventful scenes is well cal
culatsd to create interest in the minds
of the audience. The cast is very good
"Wahnotee, the Indian, Mr.. Book;
Salem Scudder," Mr.. Rand; " Captain
Rats" Mr.. Hanker; "Mr. Sunnyside,"
Mr.. Shells; "Old Pete" Mr.. Rainforth.
Miss 0'Connor gave most charming
picture of Dora Sunnyside," the gen.
erous and warm-hearted Southern girl,
who is willing to make any sacrifice in
order to relieve the distresses Of her
friends. As Paul" Miss Katie May
hew was as attractive as usual. To
night the Octoroon will be repeated, and
We doubt not but to q crowded house.
GRlED oPERA HoUsE.-Last night
Miss Carlotta LeClercq made her second
appearance before Memphis audience
at the Grand Opera House. That TO
mantle and ,somewhst stage-wern play,
the Lady Of Lyons, was the attraction.
In tho scene where she renders that
charming description of the palace by
the Lake Of Como" Miss LeClereq was
especially attractive. Indeed, through
out the entire piece she gives evidence
Of rare histrionic ability. But few &C
tresses on the stage dress better or are
more attractive in personal appearance
Possessing aanfly nodpIated snd pleas
ing vsice, q thorough knowledge Of stage
business, reading vel and effectively,
no vondsr she achieved distinction on
the English stage, and was most warmly
received in New York and other cities,
where she appeared 10 support Of Mr..
Fechier Tonight the beautiful play,
he Hunchback, With Mss LeClercq as
" IuRa will Be presented, and ~ lover
Of legitimate drama can Afford 70 fail 10
b. present and enjoy The 1rapaiic treat
We predict large audiences 81 the Opera
h ouse during The week.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26
MARDI-GRAs.

The Mardi-Gras carnival yesterday
and last night was a complete success,
and everything was auspicious except
the weather, which was anything but
favorable; yet this did not prevent
twenty or thirty thousand people from
coming to Memphis, many of them from
distance Of several hundred miles, nor
were the crowds that thronged the streets
from morning until after midnight ap-
parently mindful Of the weather. They
came out early, old and young male
and female, rich and poor, the gray
boards aud the tender children, the
middle-aged, the boys, girls, the staid
citizens, the servant girls, laborers, me-
chanics, merchants, farmers, bankers,
mackerels, all mingled together in a
compact mass, until they could hardly
tell whether they we're jam or jelly.
Under the excellent police regulations
which prevailed and the sense Of pro-
priety and good humor manifested by
each and all nothing occurred to msr the
harmony and epjoyableness Of the occa-
sion. Scarcely a drunken person was
seen during the day, or an arrest made
for any offense. A lady or a child IN
attended would have been safe anywhere
in the street during the day or night.
Never have we seen the conservative
tone and favorable view of human ma
ture better indicated by the masses than
yesterday. Universal decorum, good
order and pOliteness prevailed on the
streets, and in the many brilliantly
lighted halls that we're flled with dense
crowds at night. A description Of the
professions and prominent features Of
the day, sufficiently vivid and full, will
be found elsewhere in our columns. We
congratulate the managers upon the sec
ond and splendid success which has
crowned their patient and laborious
efforts.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26

The Los Angeles Express describes
the mermaid now on exhibition in
that place. 1t was caught by Captain
Eastman, Of the schooner Roscoe, EN-
balmed by DR.. Lyford, and has been ex-
hibited at San Diego. The eyes, in
large sockets, were pricked to let out
the water in the embalming process.
The mouth is very broad. with twenty.
eight curved and singularly shaped
teeth. The nose is combination of
the Roman and the snub. The brow is
heavily indentured with heavy brain
lobes; long and broad ears adorn the
queer. looking head, and short, woolly
hair covers the head and sides OF the
face. The cerebellum aud Adams apple
are very prominent The arms are long
and terminate in long claws, consisting
Of four fingers and a thumb, with the
sharpest Of nails. There are eleven
ribs extending around the body and
meeting at the breast. Here the fshy
portion of the thing begins. 1t is COW
cred with scales, the spine having the
dorsal fin, and the fish continuing in the
usual developments to the tip of the
tail.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26
TIE PRESIDENr's INAUGURAL

The inauguration ball at Washington
on the 4th Of March, il has been duly an
nounced from time to time, viii be one
Of the most magnificent affairs ever
given in this country. The military dis
play Of the occasion will be a character.
istic feature. and viii have, doubtless, a
dazzling effect, and will indicate, at the
same time, the Partially Of the Presi-
dent for the service in which he first
gained distinction, aud through which he
was advanced to his present high posi-
ton. The new uniforms Of which so
much has been said will be worn by the
officers for the first time, aud will, there
fore, be the cynosure Of all eyes. A
grand review Of the troops. the cadets,
midshipmen aud volunteer companies
will be witnessed, and, il is said, will
exceed in proportions, dress and drill
anything of the kind since the armies Of
Sherman and Grant were reviewed at the
close of the war. While the spectacle
will be very interesting, and will make
an impression upon foreign ministers
and visitors that we are great military
people, it will surely bring the reflection
to many American hearts that the re-
publican simplicity of which we were
wont to boast in former times has passed
away and that our people have with
their wealth acquired taste for the
pomp and display Of European courts;
and it is yet more significant fact that
the love OF national display is accompa-
MED with an era of unparalleled corrup.
ton, which is virtually secure in high
places; that the men who were morally
convicted Of bribery and official NAL
feasance in the recent Investigations
will be conspicuous at this Inauguration
to bestow their patronizing smiles upon
the curious multitude, and show the
world that they are neither ashamed of
what they have done nor afraid of pun
ishment by any legal means.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26
LATEST TELE6RAMS.
LHERIoAK PRESS ASSOCIATION. VIA 3. p. q A.
TELEGRAPH oohPAkY.
Specials 90 ths Ledger.
FOREIGN.

MADRID, February 26.-The Cortes
dissolved yesterday afternoon, after
passing bill abolishing slavery in Porto
Rico. and the other Spanish colonies.
The election viii take place March 81,
and the new Cortes will assemble April
goth.
Affairs in the capital remain quiet.
The new Cabinet appears to enjoy the
public confidence. The report that the
radicals threaten an insurrection is con-
tradicted
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26

OLYMPIC TnEArER.-Tho only variety
show In tho city Is that controlled by
Manager Buchanan M Washington
street Tonight the great attraction,
Mile Aline LaFayre, will Introduce her
celebrated Can-Can troupe. The Can
Can will bo presented in a manner
unknown outside Of Paris. LafAyre
dances the Can-Can with a grace and
abandon we'll calculated to create aston
ishment and pleasure. Among the new
stars may be mentioned Miss ophelia
Starr, danseuse; Miss Allie Love, vocal
list; Mr.. John Manning, character actor;
and Mile Alice Gilbert, aerial queen.
Twenty-Five performers appear nightly
at the Olympic, forming corps OF VA
rieiy artists unequaled in the Southwest.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26
ANARRow ESCAPE.

The bill introduced in the House BY
Mr.. Cummings, Of Upton, making
counties pay the expense of their crimi
nal prosecutions instead Of the State
and which was defeated only by thre'
votes after a thorough discussion, would
have been most disastrous TO Shelby
Nashville, Knoxville and TO all the
counties which contain cities or larg,
towns. The injustice Of il is evident n
once, when we consider that Shelby
county pays about one.ifth Of the reye
nue. Of the State aud has TO punish the
rascals that flock here from a dozen
counties in the State, as well as from
other cities and States. We learn that
the bill was numerously and ably
supported and that its ad'
vocates were certain Of victory,
The discussion was by far the ablest de-
bate that has taken place this session.
our members made gallant fight, and
stood together as one man. Colonel
Kerr, it is said, made very forcible,
convincing and brilliant effort. The
East Tennesseeans came to his view Of
the subject, and Memphis was spared
terrible blow. The friends of the bill,
and its talented author especially, were
terribly worried at the result. The mem
bers from Shelby county, and those who
rallied to their rescue, deserve the spe-
cial consideration and thanks OF this
and our people should know
what narrow escape they made from a
serious misfortune, and almost without
knowing of the impending danger, so
quiet was the matter kept outside of the
Legislature.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-02-26

The jackson Wing and Tribune of the
22d, in opposing a State Convention,
says:
If the people we're always in the habit
of selecting their best men for their pro-
motion to public trusts, there would be
less danger in calling sovereign conven-
tons for the cure of every evil Of which
we are too prone to complain; but unfor-
tunately the people are not in the habit
of selecting the very best men for pub
lie position; and just here comes the
danger of this everlasting agitation Of
the fundamental law of the State.