The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-11-04
The Illinois Canal to be
Closed on the goth.
Another Republican Thief
This time in the Mint.
Accidents, Suicides, Crime,
Etc, Etc.

1t is reported that they have not been able
TO obtain the necessary assistance and this
afternoon will make the creditors a full
statement. Affairs on the street are un-
settled, aparantly awaiting further deveI-
opements in mercantile and manufacturing
circles. Clafin Il Co deny that their en-
barrasment was owing to assistance Civ
en- by them to Hoyt Sprague & Co. 1t is
expected that a meeting of the creditors of
the firm will obtain an extension.
A member of the firm of Clafin 4 Co. said
at the meeting of their friends and credi-
tors this afternoon, that the good assets,
not including the personal assets of any
member, of all kinds amounted to $50, sos, :
900. Total ind btedness, domestic an1 for
eign, $l5,5S4,000. Surplus, Sc, 924 900.
1t was agreed tnat no assistance should be
asked of the associated banks or the clear
ing house and their friends and creditors
present unanimously rendered an extension,
averaging AZ months, maturing monthly
payments, which were promptly accepted
The business of the firm will proceed as
usual
1t is said that pool has been formed
among capitalists to save the house of
Clatin & Co, FIVE millions of dollars have
been raised for this purpose.
Steps have been taken for the formation
here of new banking institution to be de
voted entirely to the grain interest of the
interior. The movement is in the hands
of the private bankers of this city. The
capital, as proposed, is TO be s500,000, and
is to represent the interests of a large num-
Der of the national banks in the grain pro
ducing sections of the country. 1t Is, If
possible, to leocganized under the national
banking act, and is to be designated the
| National Grain and Stock Bank.
| The Chesapeake K Ohio Railroad has
authorized an issue of seven per cent,
twenty year income bonds TO the amount
of twelve millions, to be used in the retir-
ing of the floating debt, and in funding in
terest that may accrue on its six and seven
| per cent bonds
The banks to-day gained two and hall
million legal tender.
4 Washington dispatch has the follow
ing: 1T has transpired that the house oi
Jay Cooke x Co. which borrowed from the
First National bank of this city SS00,OO(
through the influence of Henry G. Cooke
President Of the bank, has since the failure
withdrawn 100000 in Central Pacific
bonds and deposited them with the Secre
tary of the Treasury, as security for $500,
900 advanced to them by the Secretary be
fore the failure. The creditors of Jay
Cooke & Co, are to investigate the abov,
proceedings.
The Delaware, Lackawanna & Western
Railroad Co. has reduced the workin!
time of mechanics and laborers to hour
per day.
| The Domestic Sewing Machine Compa
ny of Newark, n. j., has discharged IL;
employees.
/ The Pacific Mail Steamship Compan.
to day received dispatch from thei
agent, announcing the wreck and complet
loss of the steamer Ariel which was run
ming between Yokohama and Hakodadi
The passengers were saved. The Arie
was one of the oldest steamers of the com
pany, and was valued at $4,000
WASHINGTON, Nov. 3.-The annual re
port of the director of the government
mint for the past fiscal year gives the tota
amount of coinage, which, as published,
voluminous and concludes as follows
Some idea Of the increose of operation
{ may be formed when it is stated that tn
coinage Of gold during the month of OctC
Der approximates in value to fourteen mi
lions The coin, except as to the Pacifi
coast, States and Territories, being, as
general thing, in the Treasury and i
banks, the present time is favorable on
for estimating the amount of gold and 81
; yer in In the country. From the mo:
reliable data obtainable, the gold coin
estimated at $i35, 100000, and the silve
: at $5,000,000; total $40, loo, 900. Th
a,l,ra, H., Nal
e fornia, Idaho, Arizona and Texas. Th
h increase of coir in this country has been +;
a very fair rate since the lst of April las
: and indications are that, although thcl
may be occasional expectations, it wi
:, gradually go on until an amount suffieiel
to enable the country to resume spec
( payments will be secured.
l. LocKPoRT, ILL.,, Nov. 3.-Navigation
t the Illinois and Michigan Canal will
e closed from Joliet to LaSalle, and the W
e ter drawn off for repairs, on the 10th
It November By order OF the Canal Boar
g WILLIAM THOMAS.
!. General Superintendent.
MEMPHIS, Nov 1.-The mortuary repo
D. for the past twenty-four hours, ending
Is toon, gives fever deaths, 4 from 9th
g causes, 5. No official report of ne cast
y New YORK, Nov. 3.-The bale of colt
~ which was sent to Norton, Slaughter & G
u u, to be sold for the benefit Of the Mempl
~ sufferers, brought 81, or more than
7 per pound. On Saturday it was shippe
o of free. by the White Star line to Liverpo
VI Eng, there to be rolled over in furth
- sales
ss SAN Francisco, Nov. 1.-The Call pr