The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1873-10-16

New York kilograms Of the 30th say that
the day had passed more satisfactorily than
the most sanguine had dared to hope. The
Stock Board had opened and business was
moving along swimmingly. There had been
no defaulting in the matter of settlement, and
there appeared not ripple Of excitement in
any direction. Greenbacks had appeared on
the street in largely increased quantities,
and the premium upon them wiped
out. A sharp advance in foreign
exchange had been effected, crops were once
more In motion, and the banks were all work
ing along without trouble. Gold closed at
NIX. Henry J. Brooks, leather merchant,
had suspended.
According to Eastern dispatches of the LIST,
business in all financial centers had fallen into
its old channels. The supply Of currency had
become nearly equal to the demand; there was
demand for stocks, principally in small lots
for investment; foreign exchange had still
further advanced, and the feeling was
generally one of safety and security.
The dry goods house Of Patton & Co.,
of New York, had suspended. Cur
rcncy in New York commanded premium
of from ~ to So per cent. over certified
checks.
A dispatch from Jersey City, N. j., says
that the Cummings Car Co., Of that city, had
suspended.
The New York State Democratic Conven-
ton met at Utica on the LIST. Horatio Seymour
was elected President. Mr.. Seymour delivered
an address urging the nomination of men Of the
highest character and undoubted capacity,
and advising the Democrats and Liberal Re-
publicans to unite in the coming election. The
Committee on Credentials gave seats to dele
gates from the Tammany organization, where
upon the Apollo Hall delegation, after with
drawing, met, adopted a vigorous protest and
then separated. The Democratic Convention
then adjourned until the following day.
The sixth annual session of the Evangelical
Alliance commenced in New York on the even
ing of the I'd, at the rooms Of the Young Mems
Christian Association. An impressive well
coming address was delivered by Rev. DR.. Ad-
ans, to which suitable response was made by
Lord Alfred Churchill, and others, of London.
A dispatch from New York of the &c says
that the billiard match between GARNER and
DAILY for the championship of America, the
diamond cue and $1,000, took place on that
night. GARNER was successful.
The New York State Democratic Convention
reassembled on the morning Of the I'd, and
adopted resolutions inviting the cooperation
Of all citizens who agree with the principles
enunciated by Jefferson, including State rights
and the supremacy of the civil over military
authority; denouncing the Congressional sal
airy bill, those who voted for it, those who
have taken back pay, and demanding its re-
peal; pronouncing the Republican party un-
worthy Of the confidence of the people, be-
cause they allowed the Credit Mobilier frauds,
and failed suitably to punish those who were
engaged in them; denouncing Federal inter-
ference in Louisiana; demanding o revenue
tariff which shall stop enriching one section
Of the country at the expense of the other;
demanding also q return to specie payments;
scouting the Presidents ''pill for panics," and
pointing the country to the true remedy and
cure in the tried and historic principles of the
old Democracy. A resolution was also adopt
ed recognizing the ''Liberal Republicans" as
worthy coadjutors, and inviting them to CO.
operate in the efforts to restore pure govern
ment in State and Federal administrations.
Diedrich Willers, Jr., was nominated for
Secretary of State; Asher e. Nichols, for
Comptroller; Daniel Pratt, for Attorney Gen.
eral, Thomas Raines, for Treasurer; s. 8.
Sweet, for State Engineer and Surveyor;
James jackson, for Canal Commissioner, and
G. w. Millspaugh, for State Prison Inspector.
A New York dispatch of the I'd announced
that George Bird, Grinnell & Co., of that city,
known as "Vanderbilt's brokers'" had sus-
pended. Gold was plenty and brought 1Os115
in greenbacks.
New York dispatches of the Sd say the mar
ket had very nearly recovered from the effects
Of the late panic, although prices continued to
rule low. Gold had sold as low as 109% for
Clearing House certificates, which would be
equal to 10S in currency. The failure of
Albert Cole, stock-broker, had been an
nounced.
In Boston, on the Sd, the ease in monetary
circles continued, and banks were freely dis
counting for old customers.
A Philadelphia special of the 4th says an
elaborate deed of trust had been executed by
Jay Cooke and his partners, conveying to MIR.
Rollins and Mr.. Cote all the firms property,
partnership and private, including their wives
dover right, to be administered for the
benefit of all the creditors of the firm,
and each five per cent. realized to be distrib-
uted. This had been done to prevent the dis
persion of the estate under the bankrupt act,
and it was thought that, by prudent manage
ment, the Cookies would pay dollar for dollar
and have large surplus for themselves.
A New York dispatch of the 4th announces
that Peake, Opdyke & Co., a large dry-goods
house, had suspended, with liabilities amount
ing to 100000.
Lamper e. Co., grain dealers, Of Boston,
Mass, according to dispatch of the 4th, had
suspended, with liabilities for over 500, 900
A New York dispatch of the 4th says that
the arrival Of the Polaris survivors in that
city, on the steamship City Of Antwerp, on
that day, had been signalized by the arrest of
Capt. Buddington and his confinement in the
Navy Yard. Later the Tallapoosa left for
Washington with them.
A New York dispatch of the 9Th, announces
that the "Graphic" balloon, being the old
affair revamped and rejuvenated, with Prof.
Donaldson and his associates, had started for
Europe on the morning of that day. The
ascension was an excellent one. Mr.. Donald
son was accompanied by Messrs Lunt and
Ford. The balloon rose rapidly from the start
ing point, and foated majestically toward
the ocean, and when last seen was
moving toward Europe. Later, dispatch
had been received from New Haven stating
that the balloon had reached Canaan, in the
northeast corner Of the State of Connecticut,
at LIS p. m, when it had been caught in q
storm. Donaldson allowed enough of the gas
to escape to enable him to bring the gas bag