Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1874-04-22

the DOWNFALL ElONehtAA. ~ N--N
during the afternoon there sas a rally
from Il. to q per cent, but Aithe close
the market was heavy and lower again.
Money was from 4 per cent currency,
to per cent gold. There were some
vague rumors that several banks were in
trouble. The heavy decline in stocks
disturbed seriously the margins OF the
weaker class Of spectators, and large
sales for their account helped to depEess
matters. Ever since the September
panic Capron and Merriam have been car
rying large amounts of c. c. aud /. c.
it is stated as high as 2i,OO0 shares. For
a day or two back rumoTs have been IN
circulation to the effect that about 20
900 Of these shares have been hypothe-
Gated at the German American bank, |
nd that in consequence OF the change |
of management in the said institution
the loan had been called N, and that
Capron and Merriam were not able to re-
spond. Under the pressure of heavy
sales the price declined from 5oj. to 20
per cent, and in three hours from the
commencement OF business $4,000 shares
changed hands. Mr.. Capron says the
misfortune was brought about by the
treachery Of those he supposed to be
friends, for whom be had agreed to car
~ large amounts Of stock for from sixty
to ninety days. When the market began
to break this morning the persons for
whom be was carrying this stock went
into the market without any notice to
him whatever, and sold every share they
held. Most Of the creditors are willing
to make a settlement on favorable terms,
and the firm expect to be on their feet
again soon. Capron and Merriam are
we'll known on the street, and much
sympathy is expressed for them in their
temporal misfortune.
Money was active late in the day, and
rose to per cent. gold. Foreign ex-
change was advanced this afternoon by
the leading bankers to S4.S6 for sixty
days aud "a for demand, but 81 50 to
Sass are still about the rates for actual
business.
The customs receipts are 1893, COO.
Gold closed at IA, after selling for Az
to 1917.
The Assistant Treasurer disbursed
$500 600; clearings, S25, 100000. State
bonds are firm, also Governments.
New YORK, April 20.-The Board of
Aldermen met this evening, and adopted
resolution calling on the Mayor to re-
move the present Police Commissioners
for incompetence and corruption, as
shown in the street cleaning investi-
cation.
PHILADELPHIA, April 20.--It is stated
that Joseph Patterson, President OF the
Western Bank, of this city, has been
offered the Secretaryship OF the Treas.
ury.
Boston, April 20.-The Executive Com.
mittee appointed at recent meeting at
Faneuil Hall, to take action for uphold
ing the public faith, have issded an ad
| dress recommending the formation Of
leagues throughout the county to unit
the people in favor Of demanding tina
government shall redeem its tinancia
pledges, and create a stronger public sen
timent in favor of specie payments.
LITTLE ROCK, April 2l.-Colonel Ross
commanding, took possession of tn
telegraph Office to-day, and opened it t
the public. Owing to his interference
with the military operations of Baxter
the latter has accomplished nothing
Baxter to-day sent to the President
dispatch rehearsing the case, and Stain
his position. He complains that th
United States troops neither aid nc
3 allow the suppression of the insured
ton, and requests that they be ordere
, to assist him, or leave him freedom I
act. He relies confidently on the prom
ises in the Presidents letter OF Septeul
a Der, 1873, to prevent the overthrow {
9 his authority. Unless an immediate al
: swer is given he fears blood will be shet
a The Baxter troops were augmented b
| sauarn1 bupJral RropEo loe y,
/ tired his sentries within the barricade.
S New York, April 21.-Stock decline
y this morning from one-half to eight pc
d cent. Rumors OF failures aud susper
k sions We're numerous, but they cannC
: be traced to a trustworthy source.
New ORLEANS, April 2l.-Official tel,
grams to-day say the whole county {
Monroe to the mouth of Red River
submerged, and that 10000 people
that district will soon be on the vere
}. of starvation.
LOUISVILLE, April 2l.-A riot occurre
to- day during colored procession Gel
brating the Fifteenth Amendment
caused by the arrest of one of the pa
Elephants for stealing. The officers wei
badly beaten, and twenty whites injure
with stones.
BANGOR, Me-, April 2l.--A number {
!! grain and grocery store-houses and mil
- were burned here last night. Loss, 500
~ 900; mostly insured.
3 SToSINoToN, Conn, April 23.-Tw
;, young sons Of Henry Langworthy wei
y" attacked last night while the family wer
!" at church, and one was killed and til
other, it is feared, fatally wounded TIL
~ servant man was arrested on suspicion