, 1875-07-30
Sons Of the Losers by tho Duncan.
Sherman & Co. Failure.
An Explanation Regarding Ger
tain lsen1.&:stvtG TranS-
actions.
/. B. Ford l. Co. Temporarily Suspend
Payments.
4 Rteslyer Appointed for !as Commercial
Warehouse Company.
Suspension Of q Toronto Banking
UouBo.

NEW YORK.
THE SITUATION Gi*EnALLY.
Ertt,af L1s,'ateh 10 ihe Ch,r,yo 1Y,bun..
NEW YnR., July 2J.-Tle atrust nas been ex.
tsemely 1niat today. a verr string tnnney
market prevailed in cuntoIncnco IT ady'ceY from
Europe thai American aecur!los haya ADVANCED.
Nous Of tho Exchanges appeared to bo III any
Way dopresHcd but buHinaHs WEB not Actlve, In
tbs Produce Exchange tiloso wae nnIy ono ealo
Of wheat un the spot. Gnld fell carly in tho
morning, and did not recover. Stocks nero In
active. eAcspt Wcssern t'nion Telegraph, which
kdvancoi . rer cent. This was on rapport That
t.e Western Union had icasoi tho Atlantic d
Pacific Telegraph lines rerf,etnaty on bseis Of
paying 7 per cent on $2.Nf)3.oUD Of stock, one-
9th par vaiua Of the Btock isauct.
It In understood, but the report is not con-
ftincd tuat Commodore Vanderbilt has xoIA lnA
interest IN Western Uu;tu to Jay Gould hnd
William Ortou. and 1t ie not Improbable that
Jay Gould a. present. controls tho wholo OF tho
Western Unlon Telegraph stock. Tho Ieasiug
Of the Atlantic i Pacific puts out Of Tho way tho
most powerful opposition of tho Western Union
monopoly ti4nt has ever exissod.
There 10 nothing now whatever In tho af.ai,n
Of Duncan. Sherman X Gu.
waA placed IN ,ho hands Of Juun Lard ~ ise-
cover upon suit Of one Of tho loca! creditors.
Two quits woro begun in tho Supreme Court
agaluas the firm Ut Alexander Collie d Co.
Tie exslnination OF tue affairs OF tho
publishers Of the Christian ltnaon, J. i.
FORD 4 Co.. shows Tint their liabilities
amount to sli0.Vu0, aud their assa.s 10 ~, D,tGt
leaving u surplus ct SsU.0JU in their favor.
AmonE the iarsett cr+d;tora Of the firm is tho
ChriHtian Union. to wbor1 the publishing loure
xAs indebted CSC, ,00J. Tho trim las G,lbpenoed
pendng Tho decinlon Of the committee of tho
creditors as to whether Gil e1teuyon Of time
shall be Allovod.
[Tn It 14Asocia,tl Prrssl
SEw YonE. .'u'y 22-7no Trenton E4nking
comranv Ut Trenton. n. J.. which, lost sltu, tt0
by tbs Jay Cooke failure foser $lttJ,Wo by tle
suspension Of DUNCAN, sAern1au 4 Co.
Responsible officer OF ohe Of the largest
baukA IL tliR city yesterday btIteJ Tim. Duncan,
Sherman i Co. lhd uuar!y s100.ttD tied uu III
eaeunHes 1T the Mobtle d Gaiu Aaisuad Coat
pany. Of which Dir. uuucah was tho lras@lout.
Aud aEaau asnollMt III tho StllnL d Cult ltuAd.
1t lH understood. aFso, that III Of their set
tlcmenta Duncan, Sherman Il Co. had been
obgod to taxe 2Juu, HUo III .tlab,na Stato bo:lds,
wntcl. arc now quoted at only IS couts On the
dollar.
nEAL-EsrArE 7nAsBvEns.
it appears that tEa,lefe!s at reh! estnte have
bceu recorded ut the les.stcr' Office this week
Oh tho lnls OF William Butler duncan Apl uti,ur
noubeEs Of tile tim to the amount Of sl.250,-
10D. The doeds, just 1ecorael. date from 1868
to 1874. Tho Lame Of tue grantee ia freshly in
sorsoa IN different handwriting frum the body
uf the decd.
William 3. Duncuu, Of duncan, GllermAn 4
Co., explains tlLb transaction IN reul estate ~
follows : Tho bank building, he said wns cold
10 lis fats,or. Alexander Duncan, June 6. 1865,
fHrxn n1f1.f lint f$
On May 26. lsG7, the propcr1y No. l3 Zine
ht1oet VAS sold BY Alexander duncan for IS, t24,
sub}oct 10 MORTGAGE OF 80 t1b Thu consid-
erntlot,a for both theao tlAusfe.n we're paid AZ
can said, tucuuins tho decd Of tho Fourteenth
street properly, nuw put I'll record, were loug
ago lodged with tue agent Of Alexander Duncan
to secure certain credit granted to DuucAi, 6hcr-
guarantee Of Alexander Duncan. for which tue
trl placed tic deeds With te Acous 10 be recorded
at the Jloahuro Of Alexander Duncan. III ca4o
The credit waa nut used the aKeat wRs TO toturn
the dceas 10 duncan, Sherman Co. undor
this credit cortnin amount has boon drawn.
and the aKent. therefore, recorded tho security
in accoElanco with Alexander uuncan'e instruc-
tlons. 1lr, Duncan sn,d that the other deeus
hlade by ulombets OF tho iirtn 10 previous yours.
list Of Which hns been published, cover old
transactions In teal estate, "hlch havc no coz
ueos[oA Whatever with tho rrctcut failure.
INTERVIEW WITH Nh. ". Bpr1.Kn DUNCAN.
4fslc fuFk }ies1tA, JHiH -.
Tho Herald reporter found Mr. William Butler
Duncan last night upon tho baleony Ut Ills ele-
giant residence 1t Staten lhlanti III company With
QUO of his lawyo1B. Ar. Mcfarland. When the
reporter approached him aud presented lis ca1dt
Mr. DUNCAN said: "All TINT eau sAv u present
has been aiteady spokrn. How cau I HAy mora
1t this houri''
leporter-Chn yon not gvo me some idea Of
tho causes which lod to your unexpected suspen-
slcruand {the lAwyer) tntorr,pling
can he 1t Was the product Of .cirentuatauceA
which havs been Developing for some mouths
past
leportss-Mr. Duncan. I'm suro tho morning
stories which you viii DO co1npslled 70 contrs-
DICT. May l Aak you 3 few questions?
hr. Dnncan-Ask me whatever questions you
please ALL n your hervlce. foa A!ouo have
found me out am ready to he iatsEroRAted.
nsportes-Ths founder Of your house vas Al
e1ander Duncan, was he not7
Ms. DunoAn-He wAa.
ttoporses-Mr. Alexander Duncan has recently
fesidsd abrusd2
Iii. Dunran-He haa.
Representations is he now?
Lii. Du1cAu-ue il abroad still.
Nsporter-IA IL tr1io that about sNo or thres
months ego you. anticipating what hhs to-day
hndor Duncan, for the purpose Of securing hts
aid tosaeNotiate new loans md e1tond tho credit
" your hrm2
~. psos.qit H. T. 1ot s srus @ L. tss n.
proGs Brorn III othe2s snd oshes psnqas
sentative European banking Arms, for asaist-
anoe. aud that auch aasissAnos wAs denied. IL
this trio?
NJ. Dunoan-Thess Ia not word Of truth In
ReporteF-Is the report published In m After
uooa pspar, to tho effect tint tho Uuion U.uk.
ing Company Of London husla!us heavy Losses
on aceouut of ynar Suspension true Or false