Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-11-04
LATEST TELEGRAMS.
.,,..,,,y ,,rs. ASSOCIATIONS. VA 9. p. AIDA.
TELHcnAfH ooArAsf.
specials 90 the Ledger.
NEW YORK.

for years. All tue puonN ""'NO'i N~~'''
banks and other public institutions and
most Of the Wholesale stores, are closed
Business is generally suspended, and
there is but little excitement in and
around the polls. The vote up TO pm
has been lihht, but ia largely in favor o.
the Democratic candidates. There ap
pears to be differences between Apollo
Hall and the Republicans,and scratching
is largely INDUCED in on the fusion
ticket. Tammany leaders are working
earnestly, an appsthy and indifference
is manifested by the Republicans. The
local contest will, it is believed, crown
victory for the Tammahy party.
Collections Cor the Memphis sufferers,
contributed by the voters, viii reach ten
thousand dollars.
The Pacific Nail Steamship Company
received a dispatch from their Yoka-
hama agent yesterday that the steamship
Ariel doing service between Yokohama
and Hakadodi, Japan, had been wrecked
aud proved total loss, but not a life
was lost, the passengers and crew get
ting off safely. The steamer was an old
affair, and worth about $4,000
No tidings have yet been received con-
corning the Anchor Line steamer Ga
malta, which started for Glasgow Sep
TENDER 30, and it is now feared she
foundered during one of the heavy gales
which swept over the North Atlantic.
If no tidings should arrive during the
present week it is probable she will never
De heard from. -
Notwithstanding the many rumors
which we're circulated in Wall street yes
terday, the stock market closed up firm,
and the street presented healthier APP
pearance than that of last week. The
banks gained several millions in legal
tenders, and expressed themselves as
much better able to accommodate needy
customers than at any other time since
the beginning of the panic.
Rumors prevailed about trouble in Lon
don, but no dispatches have been re-
ceived confirming the statements.
There was fall in Erie stock, but it
had little influence on values in Wall
street. The lease Of the Atlantic and
Great Western to the Erie, which is I'M
derstood to be on the condition of any
money being obtained by the latter in
London, is calculated to have depress-
ing effect upon any speculation on the
bull side of Erie.
1t was also rumored that the Central
National Bank of Depositories Of Clahin
& Co. was in an embarrassed condition.
A thorough investigation of its affairs
was made by the committee, who at a
late hour last night prepared report,
stating that the deposits IA the bank are
amply secured, and that the capital of
the bank of SO, 100000 isin their opinion
impaired to the extent of $4,000.
A statement of the affairs of Il. B.
Clafin & Co. was submitted to a meeting
of friends of the firm held yesterday. 1t
shows that their good assets Of all kinds
amount to s., sos, 600, and their total in
debtedness, domestic and foreign, $l,-
558, 400; leaving a surplus Of $949, 600.
1t was agreed by the firm that no assist
anee shonld be asked of the banks or
clearing house, and the creditors present
at the meeting rendered the firm an ex-
tension averaging four and half months,
in monthly payments, which
was promptly accepted. The business
of the firm will proceed as usual. The
statement furnished by the firm merely
embraces the amounts employed in bust
ness, and does not include the personal
assets of any member.
There are said to be very possible evil
dence Of the speedy resumption Of bust
ness by the house Of Jay Cook & Co. In
at the office, one Of the firm
said: "The agreements are being rapidly
signed by our creditors and are coming
in with gratifying prompttude, and we
have every reason to be encouraged. We
had merely asked fOrbearance Of our
creditors, and shall avoid bankruptcy
with perfect certainty. We will be able
to resume within a few weeks, at any
rate just as soon as the confidence Of a
majority Of our creditors is assured to us.
At the Assay Office yesterday ellS.-
600 in English sovereigns were received
for remintage, making total Of ELISHA
$50 received within the past few weeks. |
The Stock and Produce Exchanges
are closed to-day; also, all the Govern
ment Offices, the latter closing at 10 am.
The captain and purser Of the steam.
ship Thorwegan, which vessel sails on
Thursday night were privately exam
ined by Chief Hawley yesterday in re.
gard to what transpired on her on the
twentieth Of last month, when Detec-
tives Irwin and Farley arrested |
George Med onnell on a charge Of for
gerry preferred by the Bank Of England. |
The evidence taken since will be pre-
scented on.the day Of trial.
The election is progressing quietly,
and no signs Of disturbance at any Of
the polling places. The police arrange
ments are ample, and no trouble is an
tic;nafoI