The New York herald., 1873-12-26
. A S IL T N G. TON /.

WASHINGTON, Dec 25, 1873.
Losses In Washington by the Failure OF
Jay Cooke d Co.
The publication in the HERALD OF yesterday OF
the names OF the creditors OF Jay Cooke & co. Gre
ated lively sensation in this city. During the
war, when quartermaster was unable to settle
his property account, he balanced his deficiencies
by the convenient credit OF .ost in BATTLE" and So
for the last three months the failure OF the Buchu
bankers has been often the apology for the non
payment or debts. Clerks in the departments and
others, who were never known to have a cent on
deposit In any bank, met importuning creditors
with the ready answer that the failure had lett
them pennless, and they would have to walt
until some arrangement could be made by
the bank TO meet its liabilities. Many, Of
course, thought the excuse was mere
pretence while some really believed 1t. and, with
an expression OF regret for the loss sustained,
were not willing, under the circumstances, TO
press their claims. The publication in the HERALD
showed who were the bona fde losers, and the
paper was eagerly sought after a sort OF detec-
tive list to prevent any further attempt at fraud
this manner. The supply last night was soon
exhausted at the newspaper stands, and tnen the
copies were passed from hand TO hand until some
Of them were quite worn out by this usage. Aside
from the seeking to find who had been unjustly
claiming to be depositors, there a curiosity
to tsee who were the Victims and many
and varied were the comments made on the
expose Of the Washington creditors. 1t was
noticed that President Grant had to his credit,
as treasurer, probably OF the Rawlins fund, 1898.
His private secretary, Levi P. Luckey, with the
good fortune of his name had but two cents as his
balance. Admiral Rowan, OF the New York Navy
Yard goes TO leeward in the sum OF nearly $4, 900;
and Old Probabilities, who, though weather wise,
$1,000 swept away by the storm General
Poe, Of the Engineer Corps sunk $4,000
Paymaster General Avord is down at s1,oS4.
Among the Congressman the larger losers
are Representatives Kendall OF Nevada, in the sum
or s., $50, ana Hereford of West Virginia, s2,5OO
ZacK Chandler has but 1924 against him, a sum SO
small that he has probably forgotten it. J. G.
Fremont, as pathfinder. will have to searcn up
the way by which has gone the s43 belonging to
him, aud the humble Janitor OF the HERALD Bureau
mourns the serious amount Of 5000 of his
savings imperilled Almost beyond hope OF
rescue. So much for Buchu. What has been
subject OF sad comment is the number OF smaller
depositors, and this grew out of the general con-
fdence in the stability of the bank The losses are
more keenly felt in this community because they
fall mainly ON those who can least afford them.
Government Employees to Ask from
Congress Pay for Extra Hours of
Labor.
Representatives, OF the workingmen throughout
the country, who have arrived here, are combining
to make strong demonstration to Congress in
order to procure legislation which will provide
funds to pay the employees Of the government Tor
the two hours daily in which they have worked
beyond the eight hour limit prescribed by Congress-
and which has been withheld from them by gov
ernment officials. before the positive construction
OF the law. The First Comptroller estimated that
at least $500, 900 would be required to meet these
demands. Many OF the claims have been assigned
to an agent here who proposes to take them In
batch to the Court OF Claims, while Others OF
them insist that Congress should give them the re.
lief sought.
Official Observance OF Christmas.
No business was transacted In any OF the depart
ments to-day, which kept holiday by
everybody and with the usual observances.