The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-10-07
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PARIS, September 10, 1873. 1

5 PANS, September 10. 1873, d
Late last evening. there Sat : fumol,:
dim aud uncertain, floating around the
Grand Hotel.;among the mlost promit.
nsns ;oi Amssican travellers. that tho
well-known afm Of Jay Cooke 8 Co.
had failed. The origin ofithe rumor.
was az dark as the rnmor ITSELF. henos
but few credited it. EARLY this morr-i
ing, the report was. unfortunately, but
too we'll substantiatAl by telegraphio de-.
sratches 70 tie american Register. The
excitement was intense; many had
placed all their available means in the
hands of The firm, to draw against in
their travels. Although Americans hsre
and OF London are in bad enough t1.
yet the condition of those now in Ger
many, Switzerland and Italy is fur
worse. since they will be compelled to
remain where they are until they can
write home and obtain means for their
return. which. at the very least, will
take two months. Here some uudoubt.
ed'J will haTo to appeal to the public
for aid, which, to say the very least of
it, is very mortifying. Those who prin-
oipally compose this class are the poorer
students, who have come here In pur-
suit of their profession. Among these,
our lady opera-singers predominate.
Even the hotels will feel the effect of
such a disaster, many of their guests
being unable to pay their bills. By
such failures, We lose the confidence Of
European nations, aud produce an i'm
preston OF reck lessness, which will pre-
vent them from investing in any of our
securities. Later in the evening, an
Lor despatch flew over the wires,
bearing to us the news Of four.
teen other failures, including the
house OF Fisk & Hatch, which was oon-
sidered one Of the most reliable houses
in New York. The banks here advance
nothing on any of the letters of credit
of American firms. for fear that they
may be the next on the list of failures.
Hopes are expressed that tue banks will
resume payment. Unless they do, the
distress here will be very great; while
in New York it can scarcely be less.
[ have deferred for some time to give
you description of Parisian life, pre-
ferring to writo of old castles, palaces
and other objects Of each nations his
tory. The facts I. OF course, took from
the best authority could find. OF the
places which are interesting for their
present, and should by no means be
omitted, is the Bois do Boulogne, which
is the Central Park" of Paris. Here,
every evening, from the hours OF 3 until
10, you will see all the wealth, nobility
and beauty OF Paris. vieing with each
other in splenlor. Here, different from
all other places, the nobility ape the
manners of the den,i-monde, whose costly
carriages, drawn by thorough bred
horses. far surpuss all the others. Their
dresses are always the finest, their dia-
monds the largest and of the pnrest
water, and on their cheeks. placed there
either by nature or by art, e bloom,
in comparison with which that OF the
peach fades away in shame. In our
country, such characters would be de-
spised and avoided; here they are not
only countenanced, but even looked up
to as the leaders OF fashion, and are
always found occupying the first places
either at the theatre or the ball
One OF their chief resorts is the 'tJar-
din Mabile," whsre they dance with 80
little modesty-I may say, with 30 much
immodesty to shock the sight of even
an ordinary man. Yet such puce il
patronized. and very extensively patron
lied, by our American ladies. In Paris
the very atmosphere is corrupt. At
every turn Of the street, in nearly every
window, are statues and pictures
which wonld Not be allowed in the most
obscure house at home They become
used to such sights, and, hence, think
it is no harm to visit the Jardin Mabiic
just once, excusing themselves by saying
that it is one OF the phases of Partisan
life and ought to be seen. We have
often heard of old lady church members.
who went to the circus to see the ami
mails and to take care of the children.
Well. it is the same here. They only
go to look at the flowers of the garden
and to look after some dear friend, who,
too. must only 60 once just to see how
beautifully the flower beds are illumi-
mated with Chinese lamps; but, like tho
man who tasted whiskey once to see
what it was like. they extend once into
many times, and. at last, are seen there
as regularly as any of the French prima-
dansenses. should have omitted this,
but when we complain to the French OF
their fearful immortality, they throw
this in our face.
But enough Of this, lest while trying