Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-05-09


JAY COOKE & Co. AND THEIR CREDITORS.
A Philadelphia dispatch SAYS: 1t is understood
that the trustee and committee of the estate OF
Jay Cooke & Co at meeting held yesterday.
declared dividend of per cent, payable in
cash, upon all claims proven before the regis
ter. as soon as orders for the dividend are mad
out and sent to creditors by Register Mason. 1t
Will require come two or three weeks for Mason
TO prepare these orders. 1t is also learned that
the trustee is authorized by the committee TO
further settle with creditors, on the following
terms: Fifty per cent. in Northern Pacific s. 10
gold bonds, at 30 cents on the dollar; Is Per
cent in Oregon Steam Navigation company
stock, at 40 cents on the dollar; per cent. in
first mortgage bonds of the Lake Superior aud
Mississippl and other railroad comp anies, at
from 20 to 80 cents on the dollar; and 10 per
cent in the TOPPER cent. income bonds of the
Lake Superior and Mississippi railroad COM
paDy, at 40 cents on the dollar. Ii Is proposed
by the trustee and committee 20 make further
cash dividend of 10 per cent. as soon as il can
be re allied from the remaining assets, thus
settling with their creditors in full. Upon this
being carried out the creditors will receive Is
Per cent. in cash and s. per cent. in securities
at the rates given above.
A New York Tribune correspondent says
Jay Cooke, the senior partner, is living in
very modest way, having left his family resi-
deDce short time after his failure. Mr.. Cooke
retains all the buoyancy of spirits and san
guIEe expectation OF the future for " hich he
wss always noted, and his answer to the CUES
ton this afternoon represents the tenor of his
mind. "lou ask what are the prospects OF the
ont all right and be the greatest in the country
1t will open up fabulous regions of natural
wealth to the United States government and her
people. You will all see that before MANY wears
pass over our heads Ex-Governor Henry ID.
Cooke is living in Georgetown, ID. O., with his
son Harry, and is engaged IN settling up his
business preparatory to entering another
Messrs Fahnestock and Harisnd, of the New
York branch of the house, are now engaged a.
clerks or as subordiuates in the First National
Bank in New York. The old banking house
here has been rented for the same purpose of
carrying on banking and brokers' business.
TIE TURF-Last Day Of the Memphis Races
At the Memphis Tenn races yesterday, the
hrst race was hurdle race, mile and q half,
over six hurdles. for purse Of 500, $50 for the
second horse. Captain Hutchinson and Chief
Engineer made the running from the start,
Chief Engineer leading for one mile, when
Captain Hutchinson came to the front and won
oy ore length, Limestone coming in second
with q rush, AID Chris. Doyle third; Chief En-
gineer, Captain Jack and Revenge not placed.
Time, 2:59. Second race, Chickasaw stakes, for
three year-o two miles, $50 entrance, p. D..
the club adding $500. VIM. Jennings' Ballan-
keel beat Pin and Scott's Kingpin, running
meek ard neck for mile AID three-quarters
winner by two lengths In 3:49. Third race,
handicap, for beaten horses, mile heats, purse
$500, won by Emir In three heats. b. T. Car
son won the first heat, and Emir the others
Time, 1:47 X, 1:47 4, 1:49Y.
Racing in England.--At the Newmarket Eng
land) first spring meeting yesterday, Apology
won the Thousand guinea stake, La Coureuse
came in third. The betting just previous to the
race was three to one against the winner, three
to one against La CouIeuse, and ten to enc
against Blanche Fleur.