The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1875-08-06
OUR NEW YORK LETTER.
Fa:Iures-FinaaSiaI Observation-Disclosures
TIlt0n-ITeHbIe smonr the bemoer2ry-ObNreEs
Literature Weather aud BssiResS.
NEW YORK, August 4. 1875.

NEW YORK, August 4. 1919.
THE GREAT FAILURES.
Wednesday last the great banking |
house of Duncan, Sherman 3 Co, one |
of the oldest and, supposed TO be, sound
est in the city, closed its doors probably
forever. Its liabilities are a long way
up into the millions. and its assets long
way down in the millions. OF course
the widest excitement prevailed; 1t was
uneXpected-in fact, no house in the
United States stood better or was con
sidered safer. What was the matter with
theml Just what is the matter with AL
banking houses that fail. Instead uf
cOntining themselves to a legitimate bust
ness, they went heavily into stocks, and
that not being heavy enough TO ruin
them they undertook to corner ali the
cotton in the world, and nnt being biz
enough, went under. The failure pro
duced such a sensation III Wall Street
as has not been witnessed there
since the Jay Cooke smash. Old grey
haired men. young clerks, merchants,
bankers, everybody, We're rushing fran
tically up and down the street, banks
We're besIegcd for balances, stocks went
down with IA run, and for an hour or two
i seemed as though all Wall Street was
crazy. Finally thr excitement cooled,
and it was discovered 'i.uf it wasn't
much of shower after all No more
failures was announced TINT day, and
men slept toIer,tbly we'll that night.
But the next day the Commercial Ware
hou-- Company -lniled for a million and
"A haif. and the eXcit~ruent was renewed,
and il is still raging.
a.. frT,sirnf of ~ nil will 70 -.
mains to be seen. Shrewd men are ia
king in sail and going as close reefed as
possible. Another weeding-Out, such as
occurred after Jay Cookies failure, is
feared, for the reason that since 1913
everybody has been doing business at II
loss; but AZ money has been easy TO get,
any quantity of weak houses have been
| able TO conceal their weakness and go
on. TO such, these heavy failures that
shakc the Street are death For the mo-
ment the strings are frightened, they
can't gel the credit they need, and up
they go Whether this is the beginning
of such IL season or not remains to he
Seen
FORD BEFCHER.
But the failue that makes the most
talk is that of J. b. Ford Il Co. the
publishers OF Beccher's books and of his
| paper
| TIIE CHRISTIAN UNION.
| They announce II suspension, and
| hold ont kind of vague promise TO re-
! sume, insisting the while, that the great
scandal had nothing to do with their
| troubles. All of which is boSh. The
moment the scandal was made public
| the sale of Reecher's books dropped to
almost nothing, and it has been growing
worse since. The firm had an immense
| amount of money locked mp III the first
| volume of ''The Life of Christ" and as
they couldn't get it out, down they went.
Everybody connected with this matter
| has had trouble except Beecher. He is
| as serene as May morning; his salary
has been raised to 800, 600 per year; his
followers accompany him to the depot
| i'm droves; big ovations are being given
him, and all sorts of pleasant things are
| showered upon him. In the meantime,
| Mrs. Tilton is about to open a boarding
| house, and J. b. Ford x Co. fail. Henry
| Ward ought to come to the relief OF both
Of them. He ought to buy all of his
| books that Ford & Co. have on hand
| and give them to Mrs. TiltOn, who could,
| doubtless, dispose of them for some
| thing. That would let them both out OF
the trouble he plunged them into. But
| guess lie won't do it. Speaking of
MRS. TILTON,
| something ought to be done for her III
| BeecheT is Innocent of course she is; but
| for all that the trial has ruined her.
She has never Il penny to bless herself
| with, and the scandal has barred her
| from almost every employment she is
| fitted for. Theodore is even poorer
| than she. for he had nothing before the
| trial, and now he has the enormous eX-
! reuscs attending that to stagger under;
so he Gan't help her if he would. 1t
seems to n,e that Plymouth Church
| should stand by her in her trouble as it
has by It's pastor. The church is rich,
and to give this helpless woman mod
crate support for herself and children
would net be u serious burden.
IL THE DEMOCRATIC CAMP
there is trouble of a very serious nature.
| The ruling powers in Tammany have
| made war upon John Morrisey, and
have the eX pugilist, mt present writing,
| fairly down. though faro John is making
vigorous effort to get up again. 1t is
| said that this movement is TO pave the
| way for Tweed to again take the reins.
The old man is confident OF getting his
| liberty in very short time, and once at
| liberty lac has followers enough to tai ke
| possession of Tammany, and consequent
ly the city. If this happens what Il day
| of reckoning there will he. All the
| Democrats who went back on the Boss
| to save themselves at the time the re
| form movement commenced, will be held
| to "A strict account-all the shysters now
| in Office, who, suppOsing him dead, gave
| him the cold shoulder, will be slaughter
! ed without mercy, and the Tammahy
| Republicans who joined in the hue and
| cry against him, will wish they had
never been born. Tweed has long
| memory and sharp claws. Those who
| are in the secrets of political matters in
! the city assert, that once let the Boss
| set his pOnderOns foot OH the pavements
| of New York, free I5GD, he can rally II
stronger party to his support ii.Gn ever.
| Tha lower classes OF the Democracy re-
| member his OpGp-handed generosity and
they love him better than ever, for they
consider him martyF
There will be fun when lie comes 0Ut
OF Ludlow street Jail.
OBSCENE LITERATURE
Anthony Comstock, the agent of the
! Torng Mems Christian Association, is as
1 vigiart Is ever in the work OF suppress
ing the sale of obscene literature. He
made two arrests yesterday, and eiapped
two miserable hounds in Jail. But few
people have an idea of the extent to
! which this horrible business is carried
on. There are large establishments run
by steam engaged in printing obscene
books-there are houses with large cap
ital employed in importing them, and III
nuIGbeTiess attics small presses are
throwing OF thousands each day of
smut in the form OF versGs. They are
sold by unprincipled booksellers on the
sly. and by boys OH the streets. sIr.
CoInstock has undertaken to stop this
nefarious business, and he is at least
making an impression on it. He has
arrested over forty retailers of filth and
a score Of manufacturers; and he has
compelled the publishers Of the flash
papers to be at least decent in theirlilhs-
trations and reading matter. He is doing
a good work.
THE WEATHER
is muggy, damp, hot and miserable. II
rains evary dov inst rs easily aS tlOnrh