The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-09-22
Burlington, Iowa. has an
other awful Fire.
Six Lives Lost in a Califor-
MIA Mine.
Infanticide at Cedar Falls.
Another Republican De-
faulter.

New YORK, Sept. 20.-The results of
the day are disastrous only TO class OF
stock-gamblers whom everybody wishes to
see overwhelmed, and the temporary sus-
pension of three banks, weakened by out
side considerations, Unexpectedly revealed
by distrust consequent on the agitation OF
the stock market The first reports indi
Gated general ruin-ruin complete and If
reclaimable-b the truth is, as stated
above. Not a single house of stability,
character, or Importance has suspended.
BosToN. Sent. 20-The panic in New
York has not much affected this city yet,
| exeept in the way of attracting attention
and making talk. This city has not for
several wears been a stock market. The
brokers here are few, and most Of what
ever business there is is transacted in New
York. There is a general feeling of seeu-
rity in both financial and commercial
circles Nothing approaching to run on
any financial institution has yet been made.
PHILADELPHIA, Sept. 20.-The excite
ment, though very great, has somewhat
tanned down. The Union Banking Com
pany have suspended and issued notice
stating that owing to the heavy demand
on them during the past few days they
have been Obliged to suspend payments for
few days.
WASHINGTON, Sept 20.-As usual with
: the excitement surfeited people OF this
District, the intense interest in the pro,
gress and results of the panic occasloneo
= hy the SUSPENSION of Cooke 4 Co, and tht
: Immense other concerns who, through
{ sympathy, followed the illustrious exampl,
b of their superiors, has already subslded
2 and almost disappeared from nearly every
> body aside from a few Treasury officials
and the comparatively small number o
: interested parties
/. CINCINNATI, Sept. 20-The feeling in f
,e nancial circles here continues to be one
confidence. Third street to-day has bee
free from excitement, though intelGgenc
N from New York has been watched wit
h great interest. and has been freely di!
cussed. No paper has gone to protest, an
sc the banks generally have been caring ft
ST their customers. though the past few day
On have been diligently used in preparing fl
or every possible emergency. The merchan
and moneyed men Of this city almost un
~ ~, formly believe that Cincinnati will not
Id seriously affected by the storm which
" raging in the east.
20 ST. LOUIS, Mo, Sept. 20.-The failu
or- of Jay Cooke & Co. occasioned some ia
ed in St. Louis, but produced no excitemeI
NJ Our city never had much to do with tn
:" firm, and has had but few speculative
ay terests in common with New York. L
lily erything now is in favor of the West.
,rd every bank in New York Shot
Nc fail it ought not to seriously inju
the Western States, and as soon
op- the crops commence moving money v
er be abundant everywhere. The ere
its South and West are good, and the seas
', should be prosperous beyond the ordina
:. The balance in New York is largely in
W vor of the West.
It's CHICAGO, H., September 20.-I
news received yesterday of continI
derl financial disaster and excitement In n
York. caused no corresponding ffu
in this city. There was few nerv
ox people who imagined that everything
: ~ going by the board, and that their doll
: a % we're only safe in their pockets by day,
III III under their pillow by night. Busin
H. went on as usual, no event OF lmporta
w ~ transpiring unless the temporary susI
,n uno sion of the Franklin Savings Bank-a
pio nor institution could be so regarded.
ann savings banks did no more than their u'
H. business, depositors handed in their mo
j. '"o with undiminished confidence, and
amounts drawn out were not greater t
.bIa on any other day.
SIS SAN Francisco, Sept 20.-The fiji
with cial condition of the country is the abs
cs- ing topic of conversation in mercantile
cles and on Chan Ee to-day So far, /
III en- fic coast interests have not been com
missed by the embarrassments East.
trouble is apprehended to general busir
CO except the increased degree of cautiol
cident to such state of things.
LONDON, Sept. 20-The London I'll
,titu- commenting on the financial panic in
York, says " In view of the extraor'
ry prosperity of the United States anC
ling high price of Government bonds, the
ne of ent gust can but be remarked as simp
effort of the financial system to get r
tonic its dishonest element
J Bit The Daily Telegraph says: Sue
I'd eff cal troubles, as the suspensions in
" the York seem to be, are merely the rank
oility, growth of an exuberant prosperity an
ms of cessories to progress which does NJ
N the a moment halt.
gen Dispatches from Hamburg, Bremen
Kun emma, and Frankfort say no failures
Drk of occurred in those cities on account o
,thers New York panic, but that much an
uable exists.
vol MONTREAL, Sept. 20.-The only
Drug to make bankers more cautious.
Rock - - O.. on uI Morso
John 1ohoNTo, oep.. ~ L. ~, ~
pended, owing to the failure Of Jay
: & Co.
AS New York, Sept 20.-A numb
kilograms were received from the Po