Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-09-21
TWO CENTS.
Jay Cooke 6 Co.


called, Mr.. Moorhead made statement IN
respect TO the operations of the firm OF Jay
Cooke & Co. He said that In ten years the
house of Jay Cooke " Co. did business in gov
erBment bords 20 the extent of three THOUSAND
millions OF dollars, and that the entire business
of the house amounted 10 five thousand m lliOns
OF dollars. The transactions OF tive hundred
millions annually had such an effect upon the
mind of jay Cooke, that he could not conceive
il possible the house could suspend for the want
ofsix or seven millions OF dollars, and he did not
believe il when the doors were closed.
Jay Cooke was then called and examined by
Mr.. GsZZam briefly. A number of the questions
asked him were the same as had been put by Mr..
Bennett, and 10 not few MIR. Cooke replied
that the schedules in the hands Of the register
would more specifically give the needed infor-
nation than he could. He said that the firm had,
as the basis Of credit, capitRlin 1871 OF AZ, los.
SsI79, besides their separate estate. The de-
posits of eight millions Of dollars which the firm
received were in part used in making loans, sd-
vaDces, &c. Being asked IL the assets in bonds,
undivided profits and in cash received from de-
positors did not, at the time OF the suspension,
amount TO s1S, SOC, 600 or thereabouts, he replied
considerably more than AT; the firm held note.
at various times Of the Northern Pacific rail-
road company to the amount OF two millions OF
dollars or more; Of those notes. 10000 in
amount are now held by the First National
Bank of Washington, and they have made a
claim for that amount on the estate OF jaw
Cooke q Co.; know nothing OF the settlement
OF claims against Jay Cooke x Co; I have uni
fOrmly advised persons not to sell their
claims; L have no knowledge of negOtia-
tons for the purchase OF claims; no material
advances were made to the Northern Pacific
Railroad company till 1872; we sdvanced every
day mp 70 the hour OF our suspension, at which
time the balance sgsinst the company was, L
think, about a 300 600; the exact amount will
be found in our schedules; we paid S6S per
cent. on the bonds; at the time of the suspen-
sion all the bonds in our hands were turned over
to the trustee in bankruptcy and he holds them
yet; these, with the other bonds in his hands,
amount 10 six or seven million dollsrs; I cannot
say when we received the last lot of bonds Of the
Northern Pacific; we did purchase the unissued
balance Of that railroad companys bonds,
amounting to 81 800 geo. for which, under a
new contract, we paid s. per cent less 5 per
cent. for advertising and interest; the company
was our debtor at the time of the failure; our
books will show the proper credits TO the COM
pany, the account having been made up since
they we're handed over TO the trustee.
The counsel did not think he should desire 10
further examine Jay Cooke, but thought he
might have a few questions at a further time TO
put TO Mr.. Moorhesd. No day was named for
siurther estlgatlon.-PhiL. ledger, l9th.
The Ross Child kidnapping Case.
STRANGE STORY ABOUT THg ABDUCTION.
The Ross abduction case, which has caused
30 much talk and so profuse a waste OF public
sympathy, Is at last approaching the conclusion
which shrewd observers believed il would come
and that is that there has been no abduction at
all. The Germantown Telegraph, which should
be good authority concerning matter occur
ring so Immediately in its own vicinity, con-
tained the following in it last issue: sfu the
Ross abduction case, which for months has ex-
cited this community so much and occupied 50
wide space in the newspapers, 1t is now gen.
orally belieyed-and Was by many at the be giu-
ning-that no thieves CT sharpers, Tor the sake
OF ransom, had Sny hand in IL all; in a wOri,
that no crime was committed, and that the boy
is not harmed or likely TO be. If such is the
fact then somebody has incurred a responsible
ty the community which will not easily be got
rid Of" The Reading Eagle has also published
a letter from Germantown, which purported
to have been written by a neighbor OF the
stricken" family, and 10 represent the opia
ions of the neighbOrhood very generally
upon the SO called kidnapping case. The
writer states that about ten years ago the father
OF the missing child married a rich western
lady, and that during their happy days, the NO
boys, Walter and Charlie, we're born to them
A few yeors ago, he says, the parents ceased TO
live amicably together, and finally Mrs. Dss
returned 10 her family in the west. Subse-
quently another person was brought in TO Ill
the Place vacated by her, and still occupies l..
After nsrrating substantially what is stated
above, the same writer continues thus: "The
following Is the theory OF those who know the
the family, and who are acquainted with ROs
personally: Some months before the Kidnapping
MIR. Ross received letters from the first AMI only
wife asking and demanding the children. 1t
will be recollected that even 40 to This Il ne he
had refused 70 show any OF the letters he re-
ceived, with the exception of the blsckmaiiing
note, and IL will also be borne in mind that the
attempt was made to steal both the children.
IL was not until three days after the Kidnapping
that the fact was made public, and at tb at time
the child was safely in the hands OF its mother
or her fri ends in the west"
ANOTHER CHARLIE ROSS FOUND.
A special from Lincoln, Nebraska, SAYS that
Deputy Sheriff Manning, of Harlan county, has
arrested one jackson, with a boy who aus wers
perfectly the description OF Charlie Ross. The
boy says his mothers name lie Belle Ross. Man
ming leaves with the boy for PhilsdeIphis to-day
CRUsADIsG UNDER DIPPiCULTIRs.-Yester-
day afternoon Mrs. Matchett's persistent band
OF crusaders met with decidedly unpleasant
reception at the corner OF Second avenue and
Market street. The spot In question fs John
Seiferths Wholesale liquor house. The band
had no sooner begun their exercises on the
curbstone than an equally persistent band Of
coopers appeared and began driving hoops
upon the barrels standing near, making q
din that drowned completely the crusaders
voices. Ofhcer johnson was wholly un-
equal, single handed, to maintain order, bat
could get no assistance, and for 8 couple OF
hours this unpleasant scene continued. At last
the hammerfng ceased long enough for 70 re-
ceive the parting benedction of the ladies.
klOtz's saloon was next visited and talked at
by Mrs. Matchet, while the crowd evinoed dis