The daily Argus. (Rock Island, Ill.) 1873-1877, 1875-07-28

largest JOINT Danklng nrm IN the city, and
the one with which Duncan, Sherman &
Go. transacted large portion of their for
eign business.
The feeling on the Stock Exchange and
in the gold room to day was more excited
than at any time since the panic Of 1873.
Gold rose rapidly and hactuated severely
and stocks dropped in panicky way, Pan
anna leading. This stock dropped from
ID to-l22, and recovered bat triae. 4
BosToN, July 27.-State street has not
witnessed, since the war, such degree OF
excitement as prevailed there this fore
noon, upon the announcement of the sus
pension of Duncan, Sherman g. Co, of
New Y ork. The gold market opened at
ll2s and when the news was received gold
was selling at ll344. Within fifteen min
utes it bounded to 1863, but afterwards re-
eeded to ll39 The market was entirely
demoralized Stocks declined three to
five per cent.
PHILADELPHIA, July 27.-The failure
of Duncan, Sherman Il Co., reported here
about noon, caused intense excitement.
Gold jumped at once to 1l6l but has now
(l2:3J) fallen to ia
CHICAGO, July 27.-The failure of the
New York frn of Duncan, Sherman &
Co. had little feet here. Only two banks
connectei with that house are involve and
but to small extent Duncan, Sherman
q Go. are the financial agents Of this city
IN New York, but it is believed that the
last payment on bonds for which the mon
ey had been forwarded them has been
made already, and that they will suffer no
inconvenience. On the Board OF Trade
| the fnQIinn s,pCakkla1 thon
it has been daily for the past ten days.
and the fuctuaton of prices was less than
usual.
CINCINNATI, O., July 27.-The Times
special says: The express train east on
the Marietta and Cincinnati railroad, early
this morning, when near Zaleski, o, ran
through culvert which had been washed
out by the rain, killing James Powell, the
fireman, and breaking the thigh and arm
Of Engineer Cutter. No passengers were
injured.
ST.. PAUL, July 27.-News received
here that mixed train on the Northern
Pacific railroad, consisting of % cars, went
through the bridge across the Mississippi
at Brainerd this morning, killing five per-
sons. The bridge is about eighty feet high
The train went down near the middle OF
the bridge, the engine and forward part OF
the train backing into the break at the rear
part, piling it on top of the wreck. The
bridge and car are almost total loss.
CHICAGO, July 27.-This morning as the
texpress train on the Chicago and Rock Is
land railroad was crossing bridge east OF
this city the engineer observed a man and
a supposed bundle The man jumped to
the ground, a distance of fifteen feet.
The bundle proved to be boy, who was
struck by the engine and killed. The name
of the boy is unknown.
SPRINGFIELD, ILL.,, July 27.-Barnum's s
hippodrome exhibited here to-day. The
balloon ascension was to have occurred
after the afternoon performance but just as
, Prof. King, the aeronaut, and Mr.. Irwin,
. of the State Journal, were about entering
the car for the ascens on a terrific storm,
arose. The balloon was only with Difficult
ty saVed.
J OMAHA, Neb,, July PA heavy rain.
lasting from one o'clock last night to six
this morning, fell in this vicinity and West
ern Iowa. The rain undoubtedly caused
much damage to grain, and will delay the
} harvest.
! New YORK, July 27,-A correspondent
E at Geneva, (Switzerland,) gives an count
! of the terrible storm which broke over that
, city at midnight on Wednesday the 7th
! About s o'clock heavy rain fell while
r the circumference of the horizon began tt
| be fitfully illuminated by flashes of sheet
! lightning, but there was no thunder
i, Once only during the entire night there
!, was one terrific clap of thunder and tha
y was when the storm was just over. TIL,
lightning increased in intensity and be
came continual. The entire atmosphere
n seemed to be an element of flames and al
J. this time there was not the slightest move
s ment of the air in the street. About /
e small objects lying on roofs of house
d were caught up and whirled around as b
t. a cyclone Still there was no movemen
q of air in the streets below. At midnigh
;. the tempest came, mainly from the Jur
d Range and from the southwest, travelin
o in that direction toward the basin of LAX
Il Lemar. As it neared the lake it SCENE
1t to spread out into fan-like form with tn
II front sufficiently wide to embrace the Ell
tire city It did not last much longe
!, than ten minutes. At the end of it Gene
It va was wrecked as no army beseiger
le could have wrecked it in the same spac
n of time. The storm came in the shape
re an almost COMPACT pass, sheet of ic
Is driven horizontally before the tempest
le In the first instant every gas light in th
Is streets, save here aud there one spared /
er reason of protecting roof, was smashe
e. to atoms and extinguished. but the Gil
r was not in darkness, for the masses
10 coagulated hail reflected the blue light
d, the lightning in ghastly and ominous glar
re Windows of the factories and residenc'
he were forced from their fastenings, besid
is having all the glass shivered, and be
ID rooms, stair cases and saloons were throw
at open to the storm, and in minute or tv
It. we're half filled with masses OF ice far b
ne yond the immediate power of the inhat
e. tants to remove for the storm. There w
on a marked pecuiarity that the hail storm
is of ice fragments compassed themselv
Do into solid mass as soon as it fell In IL
er suburb of the CITY, The tiles of many hous
he were absolutely beaten to powder. Sto
ng partitions Of wooden plank we're pierce
& by holes as if it had been made by mu
ay ket ball. Three persons were killed |
of the fall of a farm house in the immedia
cd vicinity of the city. Quantities of SIN;
he birds have been picked up killed by Il
storm, and several foxes have been foun
D., Geneva is surrounded by pleasure ga
ed dens and these have been destroyed as
be a charge of cavalry passed over them, i
ct volving the ruin and despair IF the DO
1T, and Industrious peasants whose all "
cir taken from them, as effectively as if it b.