The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-09-20
WHAT FISK ~ lt>rcH SAY.

WHAT FISK ~ H\rCH SAY.
Fisk d Hatch say that their suspension
was caused by the failure of several of their
most prominent clients to meet their obi
cations.
OTHER FIRMS IN DANGER.
1t is rrmored that Henry Clcws X Go:
and Ncrmilyc & Co. are in trouble.
vANDEEBnT's OPINION.
Notwithstanding there was large and
excited crowd Mt the Fifth avenue hotel
last night embracing Jay Gould, Henry
Smith and many other leading operators,
no dealings were had in stocks. owing to
the rigid rule of the Exchange, which for
bids transactions outside of the regular
hours. Robinson and Snydam say their IL
abilities are not more than 100000 and
they expect to resume soon. Commodore
Vanderbilt said in an interview last night
that there was NJ reason why Richard
s,chcll should have failed. Referring to
the general panic, he said the trouble was
much business as they can legitimately per-
form. They soon get short and have to
bolster themselves up ny rnbbing Peter to
pay Paul
col THOMAS ,Corr EXPLAINS.
Col Thomas SCOTS agent here says that
his roads are not affected, hut on the con-
trary he personally has just negotiated Cor
them in Europe a loan Of Sl0,0O0,000.
\ WICKED bull.
II is reported that one of the bull clique
in Pacific Mail sold ont on his associates
Yesterday.
THE PRODUCE EXCHANGE.
p~osidrni Edson of the Produce In
change says Jay Cookies failure will no,
affect that institution unless i, does the
banks generally.
GETTING 70 WORK EARLY.
Bankers and brokers are all coming
down to business much earlier this morn
Ing to prepare for any fresh disasters. 1t
is thought some additional failures may he
announced. and it is deemed probable thai
some country financial institutions which
have made heavy advances on Northern
Pacific and other railroad bonds may an
nouncc suspension to-day.
ruF GOVERNMENT ANp Jay COOKE * 90.
NEw YORK, sep, ~.
\ Washington dispatch says that il was
said about the treasury department that
there was yesterday passed TO the London
firm OF Jay Cooke " Co. "a warrant for one
million dollars To pay naval officers abroad,
but that the department has been advised
that the warrant will be returned.
Secretary Richardson stated at an inter
| view last evening that SO far from the gov.
crnment losing anything by Jay Cookie
suspension, the department owes them al
| least one hundred thousand dollars in syn
dictate bonds, and the amount may reacl
two hundred and fifty thousand dollars. III
added Jay Cooke has not dollar of gov
eminent money in his possession. | hav'
saved II million dollars of the navy fund b,
stopping the payment of IL draft sent b!
the navy department Wednesday for tn
use of the navy in foreign waters to ia,
Cooke n Co., London. He fuithermor
said that no bonds are given to the syndi
cate until Their equivalent in money Ia
been delivered to the treasury. The bond
are sold under the regulations of commit
tee composed of persons selected by til
firms composing the syndicate from thei
own number, the amount of bonds dispose
of since last March being about sixty mi
lion of dollars.
WORSE THAN EXPECTED.
Jay Cooke IL Co. is preparing II detailc
statement Of their affairs The cmbarras'
ment is considered greater than was at fi'
expected.
UNTRUE.
The reported failure of Nermilye X c,
is untrue, also that the reported run on I'll
Fourth National Bank here is un- true,
FAILURE IN PHILADELPHIA.
A telegram from Philadelphia announ
ing the failure of the house of behave
Brothers was received at noon, and create
great excitement. That the contaglon a
fecting the financial houses of New Ior
is spreading is evidenced by dispatch,
from all parts Of the country.
STATEMENT BY vERMILyE-A GENERAL 81
| pTNSIn< ppTnICJEn
w. H. Ncrmilyc positively denies tn
l his house is in trouble, and says If Il
movement now making TO get the secretal
of the treasury to come to their relief wi
$4,000, 900 should fail there will I've a re
cral suspension of banks and others.
STOCKS MORE REGULAR.
: At this hour stocks are more regular al
3 the excitement Is somewhat abatcd. III
= crowd is not SO great Further admissi,
c to the Stock Exchange has been forbiddc
MORE FAILURES.
Two other failures are announced
Theodore Bcdcll and 4. VI. Kiddcr. Go
Ia now 10,
b LIFT OF SUSPENDED BROKERS.
The following brokers have suspended