, 1873-09-24
dNOTJTER DLSPA TCIT,
Special Diepatch to The ChicuGo Tribune.


ANOTHER DESPATCH
sptefot D;,nateh IN ~, ct;euoo 7,rjn,n.
n m,o1r11oo1, 1Yryny1EwEn.
Nry Yonx sout 2a-E1.socretary Of the Treasury !
Hnnh Mcnu,loch n no7ohcr of tto Tnn1on firm of 1sv
Cooke. McCn1loch 4. Co.. waa ouect,oncd vc.tori1ny
roattyo to tho report that tho fiscal aponcy Of tic
NAVY nnnnrtrnept In Eurono Ind becn rcrnoycd from
tho house Of which ho vas o mcmbor, !
uo 1eptcd TINT tbero wns no truth in |
tho rumor. In rcanonso to thu innuirv
whether or not tho London ho11so was affected by tho
panio hero ho eatd odyfces vero Of moss cheorfu,
character. Ytlen he left London trro Ean no sus-
uicion that financial royu1slon yas Imminent There
seemed to DO moro tsposton to ,rsrtico economy on
tho part Of Americans. UrorB are abundant
thorc Ia demand for thum nhroad of |
good nrices and trade ia prosperpus Under theao
circumstances there was no ground yhatoycr for OK
pcctinE q disturbance III 1nnnctul Matters Had he |
supposed there wns likelihood Of such contingent
cv ho yonld hnye romafped in London 10 attend to
tho business Of tho house there. 1Io received
THE r1usT 1Hr1MA11oS
Of nnv disturbance w1cn Tim steamcr rcochei ounr-
nntinc on Atonaay Hin hnd scarce1v recovered from
tho stunning effect OF tho unexncctcd ncvs. ue wau
aakc1 wrehor hc tbouobt thu nre4cnt n,nio wnu1d l
cnme wfdc-8nrcad nnl aerio,1s1v nftoct the 1er.
Camille a. well as financial, commun1ty
Mr.. Mcculloch roplIed that ho could SEQ
M reapon whv It shoutd The country uaa
CUnditiou-fF
thonn cor,,1 In t,kcn M rrtcr}on Financial nan,ca
wero olways aenaeleas Tint OF which causod ach
,.do.anrc.d run. ond far Il t3u7o brouobt t,,a
ucss tn comp1eto stnud-stll beran will,
tim fa,1ure Of the Ohio Life K Trust
Comnsny rhpro v.s no monoy to be Ind. and
n, n rosr1t thcro VIVA n general auaucnaion william
Inca, mn of lin r,chcst men In n. Iouia. worth
81 NM nm or a ooo o0o failad eca,sa he co}d no
raso *lo0ooo. When tho nanio subst,1cd. 1t
,rcs fount, that fbc.trc ,vnn nrtun1,v IN
rcanon for It. 80 1t would probably 10 III this i'll
stance. Everything depended npon
THE MA1NTEHASoE or CONFIDENCE.
Tho great trouble waB TINT In times like tho present.
became frightened, aud hold to al tho ayaila
bio funds they possessed In tho present instance,
tho community WIS nlarmcl by tho failure
Of Kenyon, Coz Co., and tho Warehouse
and Security Company, aud became d!strlstful Of
thoso houscs nnd banka whose resources anl credit
wcro nmpo to meet ordinary requirements Of busi-
ness, or to wllhsanda considerable run. Each
ono cndcavorcl 10 prepare for tho coming Storm, and
In this way prcc1pltstcd tho panic which wn.
now taxing the emergencies Of fnaucicrs
Ho could eco no reason for Ito extending to tho 1ner
cantilo community, nnt disturbing nnd ttaa1rangtag
commerce. uo counReed confidence IN tho resources
OF tho country anu III the ability OF tho greater portion
OF tho mercantile community TO ray i1a 1aoiltlcs
Distrust and suspicion would agGEasato anil extend
calamity which could TO aSo'acd II tho community
acted wfe'y aud dfscrcctly-
MORE CONCERNING THE JAZZ oooHE FAILURE.
+. y. FRENCH, VINO mas icon appointed attorney IN
fact to represent tho house OF Jay cookc Ascalioch
4 Co., In thla city pondinG tho arrangement OF Jay
CooAo u Co.'s business, Stated yesterday that
tic report OF Jay Cooke Cor assets, and
liabilities "aR not yet hnislcd, Tho examination
into acconns "aa gong iof"ara Us fap's aa roasoe'
ahd s131eMent "oulo 10 1hauo p"o1o III 10" oa5s
ut farthest. The question Of resumption would also