The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-10-10
The Co1ored Republicans
Adhere to their own
Organization.
Arrival of the Pretended
Nathan Murderer in
New York.


New YORK, Oct. 9.-The day opened ]
in Wall street with feeling Of depression,
under which there was a decline in gold,
foreign exchange, government bonds and
railroad and miscellaneous shares. Soon ]
after the inauguration of business, there
were rumors of mercantile failures. Mon
ey became close and the banks pressed the
| brokers to take up loans which have been
standing since the panic. This started the
selling movement on exchange, chiefly for
cash, and the general share list dropped
| from II to l03 per cent The greatest de-
cline was in Western Union, which was
pressed on the market for cash. by difficult
ty making new loans This heavy decline
dragged down the entire list. Late in the
day the mercantile failures were denied,
A Rock Island dividend was declared, and
Washington advices stated that the gov |
ernment would encroach on the S44, 900,
600 reserve this month to the extent OF
So, 100000 All these things changed the |
feeling somewhat and matters improved, |
Stock Exchange speculation rising from
to a per cent, while foreign exchanges
) were steadier, and gold advanced per
cent from the lowest point: In bank cir
cles, the supply of legal tender was re port
ed again. but notwithstanding this the pre-
MUM remains at one-haH and one per
t cent. and there is stiIl considerable busi-
o ness doing over the counters OF bankers IN
Wall Street Some banks are pursuing
more liberal policy in regard to paying out
currency and are cashing larger checks
f than of late, 1t is reported that the
| National Trust Company will resume on
Monday next, and the Union Trust Com
pany between October 18th and November
lst The directors of both companies were
b in session this afternoon.
!, Some banks have virtually resumed the
q payment of greenbacks. MIR. Camp, man
. ager of the Clearing House, said that since
= the issue of loan certificates there has not
been seen so many greenbacks as were
p seen yesterday when clearances were made.
h A Wall street bank President, who was
, spoken to on the subject. said he thought
greenbacks had become sufficiently numer-
L Gus to allow of resumption. lB case, how
4 ever, the pressure became too great, the
r banks would no doubt fall back to the plan
20 followed during the past two weeks as a
measure of safety There seemed no rea-
so1, he said, why the payment of legal ten
il ders shoul dnot go on. Trade was pros
porous, produce men were paying for
and receiving larger quantities OF grain
than had been received at any time
ie before, shipments of grain from the West
t, had been fully 100, 600 bushels more dur
is ing the past week than during any week il
10 the history OF the country, and all this hao
been paid for in legal tenders
The failures of Gibson, Casanova Il Co.
and T. B. Hurd is announced on the Stocl
I'd Exchange to-day.
ty READING, Pa, Oct. 9.-Bushong
st Bros, bankers, suspended this morning
h The bank will remain open for the adjust
ment of accounts The assets will NEE
az all liabilities.
nc New YORK, Oct. ga Washington
u special says that owing to the small receipt
ng from revenue the Treasury officials say
M will be necessary to issue IS, 900, 900 or SO,
ne 100000 of the $44, ,000,000 reserve to NEE
OF the current expenses OF the government
nd for the present month.
DIS, The Treasury reserves are now beln,
ne drawn on to pay only the actual expense
eat of the government. There is no appre
hension at the department that the drai
rec upon the $44, 900, 900 will be other than i
'us the ordinary course of business. The out
nd standing legal tenders show 1856 900, 90
we and they will be reduced again to thes
lth figures at the earliest practicable momen
IN The Secretary emphatieally asserts ths
the outstanding legal tenders are not /
ag- exceed the minimum figures day mol
ock than the absolute demands of the govern
nm ment require.
CHICAGO, Oct Anniversary day,
-. commemoration of the great fire, is beir
,e'' extensively observed by our citizens, an
hundreds are here from other point
There is general display of flags III
Board of Trade closed for the day at ha
Lie past twelve. All city Offices and publ
schools closed at noon. The streets a
crowded and the scene is as of graz
it, holiday There is an immense attendan
isis at the Exposition and the spacious bull
ing is thronged with sight-seers, admiril
the grand display of the arts and industri
will of the West.
heir EvENING.-The celebration of the 81
ond anniversary of the great fire b
been an event in the history of the eli
GS Twenty-Five thousand special visitors ha
'n nv been in the city during the day, aside frt
use the thousands of daily sojourners. L
n,ery streets presented lively and animal
IN appearance, and every one was decked
, gala attire The great art and industr
:. exposition was visited by 100000 peop
j ~ = not less than 10000 being in the spaciC
firm edlfce at one time during the day a
1,aai Maa, night. The Exposition was never surpa
ncted ed in the United States In harmony W
y an the general scene and feeling the day '
'e 'ns observed as a holiday. The city Office
IN, courts and public schools closed and
it, were devoted to the festal commemorate
NV The musical concert at the Exposition
- excellent, day and night, but the crown
a. event OF the occasion was grand conc
given by the famous Theodore Thor
troupe at the new music hall. where
sembled the elite and refined Of the 6
making an appreciative and enthusia
- audience. The programme was the ON
(pu have been given by Thomas on the evs
IAU full night of the great fire.
New YORK, Oct. e.--The convention
lbility colored Republicans of this State has
solved that it is for the best interests
the colored voters of this State to peri
al uate their separate political organizat