New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-22
WALL-ST. INCIDENTS.

| 40 SECESSION FROM THE TIE
| NERO ANTILE BANK EXAMINATION.
| Inquiry among members of the Clearing
| house Association yesterday confirmed the statements
| OF yesterday that tho meeting of Thursday was
unanimous, and that the members who left the room
before the close OF the meeting did not do so from any
dissatisfaction with the the proceedings were
taking. The opinion general that the new rules.
with the amendments, and perhaps some new
ones, would be adopted nearly unanimously. 1t Is
that the objections OF the Bank OF Commerce
co the report OF the committee are not directed to any
of the rules in particular, but TO the general prnc
pies involved. They protest against any enlargement
OF the original purposes OF the Clearinghouse Assoca-
ton which wa. simply afford facilities to the banks
for clearing. Mr.. Vail asked by TRIBUNE reporter
il his departure from the meeting meant secession
from tho Clearinghouse He answered that 1t meant
nothing the knd it simply showed that he had said
all he had to say, and dlda'r want 10 stay there any
longer.
Mr.. Meigs. the National Bank Examiner, has spent
three day the examination OF the affairs Of the Mcr
camille Bank aud adheres 90 his opinion expressed on
wednesday that the bank Will suffer little, any, loss
from the transactions OF the former President f. j.
Blake with the Domestic Sewing Machine Company.
He has given all the accounts Of the bank thorough
examination, and he told TRIBUNE reporter yesterday
that he considered the institution in perfectly sound
condition 10 said that the large amount Of the stock
held by the directors and their families the best evil
dence OF the confidence which they foe the soundneSs
OF the bank He reported that the negotiations for con
solldation OF the Domestic with the Grover & Baker
Sewing Machine Company were proceeding fayoraby,
and that on conclusion the.noes OF the former would
he taken up their face value. The creditors of the
Domestic Machine Company have engaged the services
OF Wm T. Warren to make examination OF the affairs
that Company. Mr. Meigs has Issued the following
card to the public:
Ibave gone far enough in my Investigation OF the
sets and liabilities OF the Mercantile National bauk TO
ma cnshled to express the opinion that in Judgment
there nothing In their position that need give the com
mercal world uneasineSs Whatever. Tue present
dmectors and their families and the families the late
drectors G26l shares OF 800 each of the capital
Of The bank, or $4,000 Of par value out OF sOOOO
capital
There was meeting yesterday OF The Committee Of
the stockholders of the Union Trust Company without
coming TO any definite conclusion in reference TO an
early resumption OF business they adjourned TO meet
Monday The injunction granted In the ease OF Kelley
against The Union Trust Company, on Sep. 90 1879, was
modified yesterday far rs to authorize and permit the
Trust Company become mortgage aud trustee under
q mortgage made by the Lake Shore ami Michigan
Southern Railroad Company 70 the Trust Company, and
TO accept sad mortgage and TO certify tho tbonds on IT,
The motion made Saturday last by the creditors OF
the Union Trus, Company displce the receiver. E. b.
Wesley on the ground Of misconduct. has eeea denied
by Judge Gilbert.
The sheriff OF Richmond County has nled with the
County Clerk of NewYork an inventory OF the property
Of Edward X. winshp OF No % Broad-st., broker, q
fugitive taken possession OF by him under attach
ment issued Nov II at the suit OF Frederick A. Mckay
The property seized is valued At Noi6 30.
II 10 reported that another petition In involuntary
bankruptcy was filed sgains, Jay Cooke Co. In this
district yesterday.
REPORTED FAILURE OF A PROMINENT RAILWAY
PRESIDENT.
The excitement on the Cuban question ex-
ered 40 influence was Yesterday, causing gold to
advance dispatches and rumors OF dispatches from
Spain and Washington were received. Gold advanced
10 l0 but later In the day fell Of and closed lOk The
stock unsteady, and prices depressed
a slight improvement appearing, however, near the
close Tho usual number OF In circulation
some reference To the condition OF certain banks and
others affecting the credit OF individuals The most
serious among them was report that j. Edgar Thorn.
son. President OF the Pennsylvania Railroad had al.
lowed his notes TO 10 10 protest. No partc-
ulars we're given Of the Causes OF the
extent OF tfe failure. and tho report
was very generally discredited. Edmund j. Ran
doph. who s said TO be Intimately connected with
Thomson IN business matters, had received no infor
nation Of the failure. and expressed disbelief OF the
port The failure was said TO be personal and the credit
of the railroad was not implicated Tho AFFECT on the
stock market very eight