Wilmington daily gazette., 1873-09-19
THE LATEST NEWS OF TIE SAD EYE

At late hour. last night the Press reporter
paid visit TO Jay Cooke x Co.'S banking
house, aud found the d0pFS closed, though
| lights were burning brightly within. An was
quiet on the outside. and with the exception
Of q policeman who was patrOlllng on the Op-
pOsite pavement, the street, which was thron
ged few hours before With an excited muIti-
tude, was entirely deserted. > &A-A ~
Alter repeated raps at the massive door, q
small diamond-shaped aperture. was opened
and the porter inquired as 10 the wants of the
reporter. The latter was informed that Mr..
Cooke, much fatigued, had left the banking
house, and sought his home at Chelten ILLS.
Accountants were at work, and all the EN-
ployes OF the establishment were busyly en-
gagged pOrlng over the books The statement
of assets and liabilities was not completed, and
no reliable data could be obtained, but the
financial condition of the house was rapidly
inquired into.
From the Telegraph. Of September IS.
PUSHING THROUGH THE CROWD
before the door, our repOrtorial representative
reached the door; before which two officers were
stationed, and was admitted. The banking room
with which our people are so familiar was dark
end some OF the clerks were gathered together in
coteres, talking of the affair, while others were
as busy at their books es upon Ordinary days
Back IN the private Office he found Jay Cooke the
head of the great banking-house of Washington,
New York, and Philadelphia, and that gentleman
calmly dispatched his orders, and unexcitedIy con-
versed about the unexpected blow that had fallen
upon him.
Mr.. COOKIES STATEMENT
He pleasantly welcomed whoever called upon
him-and these were many-to express sympathy
and confidence, while to our reporter Mr.. Cooke
said
You can announce that the firm has Temporal
rily suspended Please state elso that believe
this house will speedily be relieved rom embsr-
rassment, and that to this end, il needs be, every
dollar Of the means possessed by the members Of
the firm will be applied.
No one who has dollar deposit here will
lose it,-every liability will be faithfOlly dis
charged can say no more now"
Mr.. Cooke then directed notices of the tempo
rary suspension, as oouehed above, to be sent
abroad and stated that this event closed the doors
OF three Offices, the tLree leading houses OF the
firm in Washington, New York, and THIS city, and
then with his brother members be commenced an
in vestgsten 10 O. tain the exact financial stanC-
ing of the firm.
THE LONDON HOUSE NOT AFFECTED.
The temporary suspension of the American
house, we are glad TO state does not affect IN any
way the London house OF Jay Cooke, McCulloch
& Co., from whom the following cable telegram
was received this afternoon its statement creating
the tveliest satisfaction when made known to the
public:
London, Sept. lS-The London firm of Mr.
Cooke responds to his suspension by stating that
all drafts and letters of credit on them issued by
Jay Cooke Co., will be duly honOred.
THE TALK IN THE STREET
As a matter to be expected, there is great deal
of "tak' the street in referanoe 10 the suspen-
sion. Third street, as we write, is buzzing with
and every individual in the crowd has
of course something to say.
In conversation with a prominent broker he
said:
ait is difficult
70 ASSIGN A CAUSE
for the failure of Jay Cooke s. Co"
"What banks will be affected by the suspen-
lion ?"
"None in the city that l know of have
earned that the First National Bank of WASH
ngton has closed its doors''
Were the firm heavy dspositors there r.
Il believe they we're"
Another gentleman said to one of our Iepreseu-
atives
"This firm decidedly merit the sympathy of the
,eople as well as the Government They did
nuch-very much TO put the Government OH a
ound financial basis in the most critical period
# its career.