Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-16
FINANCIAL.
New York Banks Hold $2S, 600
900 GreenbackS,
Against $19,OOO,OOO Loan Ger
tificateS Still Out.
The Rumors of Wall Street.
How the PiOus Daniel Turns an Hon
. ..#" est Penny

How the PiOus Daniel Turns an Hon
Z E est Penny.
New \ DIRK. Nov. 1j.-StcphenH Ii. Alden,
a street operator, has brought suit against
Daniel Drew whom he charges with Undue
ing him TO buy eleven thousand shares Of
quicksilver mining stock at S612,26 by
means OF false representations that the
stock would rapidly appreciate in value
and thus insure a handsome profit. The
action is to force Drew to refund to Alden
100000. Alden ella inns in his affidavit
that while he was buying the stock under
Drew's representations, Daniel was IN
loading upon him. .
$4,000. 900 Loan Certificates Against
s2s,OOO,OOO Currency.
The associated banks hold SIS, 900
legal tenders. The European steamer took
out S77,G0 silver. There is no bank
statement to-day. $6,100,00O of certificates
have been retired. 1t is stated that the
outstanding loan certificates amount to
about S19,000,000.
Gold advanced to 10 this morning, al
though it afterwards receded one per cent.
Outside the gold room, the general impress
sion in Wall street is that there will be no
rupture between this Government and
Spain. Certain spectators, however, are
doing their best to increase the excitement.
Stocks are firm, and the tone of the street
much improved.
Queen victoria Killed by WaII-street
Bear.
The Vanderbilt hoax is made the subject
| Of investigation by the Law Committee OF
| the Stock Exchange. On the cotton eX-
| change to-day, Queen Victoria was an
| nOunced dead. She was probably killed by
| the same person who killed Vanderbilt yes
| terday.
| Night Report.
| There were frequent fluctuations in Wall
| street to-day. Atthe opening the gold room
was affected with the Spanish war fever to
a greater extent than on Friday. Later
Spectators took more peaceful review OF
| the situation. On Exchange buOyancy pre-
| dominated and there was sharp rise il
| prices.
The Clearing House Reform.
An anonymous circular calling meeting
| at the Fifth Avenue Hotel Monday, has
been sent to bank officers opposed to VIVA
is called by some the Clearing House Re
form. The propositions submitted by the
committee Of the Clearing House at thu
recent meeting are now made the subjec
of spirited discussion, and whatever meri
they may possess will be well known whel
the Clearing House meets to vote on them
More ROttenness I'm the Union Trus
| Company.
Ex-Judge Emmett in the Supreme Cour
of Brooklyn to-day argued a motion for TIT
removal of Edward B. Wesley, Receiver 0
the Union Trust Company, on the grOunt
that there was cOllusiyeneSs in his appoint
ment. He is unfit for the position becaus
he is a trustee and stakeholder. He ha
not collected any of the debts of the CON
pany, has made no arrangements for declal
inc dividend, and is controlled by tn
|, former managers Of the company.
Imitation Yesterday of $3.50, 900.
WASHINGTON, Nov. 15.-The Outstant
ING legal-tenders are 1852, S37,611.
, The British Movement.
LONDON, Nov. 15.-Nineteen thousan
r dollars in bullion was shipped from SOutl
= ampton for New York and $4,000 frOl
/ | Liverpool for New York.
, The SPragues.
g PROVIDENCE, r. l., Nov. 15.-The cree
p. itors of Hoyt, Sprague q Co., residing her
!, | have declined to send committee to til
= general meeting Of the creditors of the fin
d | in New York on the 10Th inst, inasmuc
T. as the banks here will be represented
= behalf of Hoyt, Sprague 4 CO. ThefolloV
= inc statement of their condition was mao
/ to tae creditors here: Notes payable on a
\ ceptance, Of which S5,S13,300 are drafts
:. A. q W. Sprague Manufacturing COmpan
s.. O09, $50; due banks and others borrowe
on collaterals, S559,31G; due consigne,
o and formation in trust, S242,396; sundI
!, small accounts. $4,000: total $9,S}7,34
p Assets due from A. & w. Sprague Mani
IS featuring Company, S3,51S,277; due fro
}. open accounts on books, S1,130,6ll; due G
q IlnmatIred drafts drawn by Atlantic D
n laine Company, Riverside Mills, S2,469, 10
e due from consignees and Others, secured
d goods in hand, real estate, mills and N
p chinery, S, SS7,973; cash and bills receiv
N bic. 1851, ABB; bonds, stocks, real estate al
" good suspended accounts, S29,51S. Tot
v S12,15S,59A Assets over liabilities, S: