The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-15
NEW YORK CITY.

| NEW YORK CITY.
Suspension of Messrs. Kenyon, Co,
& Co., Bankers.
New York, Sept. 13.-Kenyon, Cox {
Co., bankers and brokers on Wall stree
was suspended to-day. Daniel Drew wa
q special partner Of the house It Is said
and rumors has It that the difficulties o
the firm was caused by operations in tht
interest Of Drew. The stock business o
Kenyon, Cox s. Co., was not the cause o
the suspension as they were carrying very
few stocks, only 5000 shares were sole
out under the rule to-day. Lake Shore q
9la91f. The real trouble was large ad.
vances to the Canadian Southern Rail
road, some Of which are now beginning t
iall due. Kenyon, Cox & Co., DAME
Drew and others 1t Is understood loaned
their paper to assist in completing the
road trusting TO further negotiations o.
the bonds at London Last Monday ad-
vices were received from London stating
It was impossible at present TO negotiate
more bonds. At a consultation held oi
the parties In the interest Of the Canada
Southern Railroad and Kenyon, Cox
81 Co., IL was resolved TO, sus-
pend. Tho decline Of 1t in Wabash
this morning was based on the supposi-
tion that the firm and its friends were
large holders, but it appears they have
been relieving themselves for some time
past, and hence there was comparatively
little stock sold. In regard to the suspen.
sion, Mr.. Cox when questioned this al
ternoon said, the Canada Southern Rail
road owes 81, ,250000 and has 81, ,25O, 900
OF first mortgage bonds its own and con.
Meeting roads. As late as last Monday 10.
vorable advices were received by the cable
In regard to placing the bonds abroad. A
difficulty had occurred very suddenly
and occasioned as much surprise to Mr..
Drew, as to any one. Cox denied there
was any foundation for the Wall street
rumor, that Drew permitted suspension
OF the firm for some ulterior object. He
said Drew had thus far acted iairly and
honorable In the matter. and would, could
i,o h~-e foreaaan the complications three
weeks ago, have prevented the suspen-
sion by converting some ot his assets into
cash. Cox said that the notes OF the
Canada Southern Railroad to the amount
$500, GOO, bearing endorsement OF him
self and Drew, will mature within thirty
days, beginning today, although they
could not be met Immediately. He be-
lieyed that every creditor would obtained
100 cents on the dollar. Wealthy men
who are interested In the railway, al.
though they might at first be unwilling to
make the sacrafice for the benefit Of
poorer stockholders, would eventually LIT
It up and make the project successful. He
insisted especially that 1t would be an &C I
of folly for the holders Of bonds 10 sell
them at sacrifice because Of the present
excitement. The parties connected with
the Canada Southern Railroad arc among
the richest and most influential railroad
men in the country, including John +.
Tracy. Milton Courtright, Sidney Dillon,
and VIM. L. Scott. One Wall street wri'
ter says Daniel Drew Is general partner
In the house; that he has frequently quib-
bled and compromised when caught BY
some OF the cornering operators OF Wall
street; but this Is the first time he has act
ually suspended. It is stated that he took
this course by the urgent advce OF his
counsel, who advised him to stop imme-
diatcly, SO as to learn the exact position of
affairs. The troubles Of Kenyon, Cox d
Go. are supposed by many to date back to
the ancient transactions OF Daniel Drew in
the famous Northwest corner Of last year,
in which Drew was worsted. He Is said
to have permitted Kenyon, Cox d Go. to
pay up the difference on stock, and as the
firm, according to rumors, have not been
able to get settlement with Drew, the
cause OF suspension therefore existed.
BALLooNAorEs-Two MORE TO BE TRIED.
Professor Wise publishes o card de-
Tending his theory Of the easterly air cur.
rents, and announcing his readiness to
start Tor Europe at any time in gas
light silk balloon. He also censures the
attempts to turn this great scientific ex.
pertinent into an enterprise for money
getting. Meantime the Graphic people
arc arranging for the construction Of a
silk balloon Tor Professor Donaldson. The
Philadelphia Herald announces the bal
loon enterprise In that city TO be on an
entiraly now plan of funauon and con.
struction.
NEW FIFTY CENT CouSTERFEIT.
Acounterieit Of the new fifty cent cur
rency Is In circulation, and Is said to have
made Its appearance two days alter the
issue OF the genuine. ,.!-.,..
John A. Parker, who Is engaged on the
part of the insurance companies in the
prosecution OF the Alabama claims, died
in this city today. q 'u5ig .!
CONSIDERATION OF THE BISHOP OF MAssA.
CuUsETTs.
NEW YORK, Sept. 13.-Thc consecra-
tion of Rev. DR.. Benjamin II. Roddock,
Bishop elect oil the Diocese Of Massa-
chusetts, will take place ip Grace church,
Brooklyn, on Wednesday next. The
ceremony will be performed by Bishop
Smith, Presiding Bishop Of the United
States, assisted by about fifteen associate
Bishops and one hundred and fifty clergy.
men. At the conclusion Of the services,
the Bishop and clergy will partake Of q
collation. In the Pierpont House. ~
THE .BuEIAH MISSION SEA CLIFF CAMP
WAR. .g
The war continues between the lady
managers OF the Buelah Mission and the
masculine managers Of the Sea Cliff, Camp
Association, well known Organizations OF
the Methodist Church. A gentleman
dying in New York, his family wished to
bury the remains In their lot in the Beu.
lab cemetery, purchased ffom Mrs. Lon
don, chief Of the mission. The Sea Cliff
people hearing Of the proposed interment,
and not recognizing the right Of Mrs. Lon.