Los Angeles daily herald., 1875-07-28
EASTERN NEWS.
The Trial of John ID. Lee.

the massacre. All the people were
there. Witness named the families
who were present. Lee spoke and
opened the meeting and said a COM
pany of Gentiles were coming, that
there were some families among them
who had prosecuted the Mormons at
Nauvoo, that he had been to Parawan
about 1t and had consulted with Haight
and Dame; that the emigrants had ca
reused at Cedar and insulted Haight,
had called him an outcast and said
they were going to California and
would send an army back to slay Brig
ham Young, Haight and the cheii
Mormons; that Haight and Dame had
counselled that they be destroyed and
he, Lee, wanted vote of the Saints
about it. Then the Saints held up
their hands, then Lee said, "all to
the contrary" Witness started the
vote no, but only one or two others
did the same, so L dropped my hand
quick. Lee put handkerchief on a
stick and man came out and said
what do you mean. Lee said "peace"
ne promised peace If the emigrants
would give up their arms. At last
they agreed to ii and marched out
along side the soldiers, who shot them
down at a signal, and the Indians
killed the women. He said one man
held baby in his arms after the first
fire and Lee said give up the child.
The man replied, "if 1 die this child
dies with me. know you John ID.
Lee, despite your paint Lee said he
bad to shoot the man and at the same
time killed the child, and thought the
meeting ought to hold guiltless of
shedding innocent blood because he
couldn't kill the man without doing it
While Lee was reporting the return,
the express from Young arrived. Saw
the children in wagons in front of the
meeting house, one boy eight years
old pointed to the Indian Joe and
said, that man killed my papa; he
has got my papa's pants on.n She
never saw the boy afterwards. He said
we should not talk to the children, as
he wanted them to forget all about
the massacre.
A British Captain i'm Trouble.
New ORLEANS, July 27.-The refu-
sal on Saturday evening, of the Cap
tain of the British steamer State of
Alabama to surrender three of his
sailors charged with stealing has crea-
ted quite ffutter of excitement in po-
lice circles. The British Consul ap-
pealed the case. In the meantime the
Alabama sailed for Liverpool with
the accused on board. The Attorney
General states that when the legal
points have been examined, should
the law decide adversely to the Cap
tain, he will be made party to the
crime, as having harbored the ac-
cused persons, and steps will be taken
for his arrest on his return to this port
Failure OF Duncan. sherman d Co.
New YORK, July 27th.-The Euen-
ing Post has the efoilowing-inits finan-
cial column to-day:
The quietness of Wall street was
broken in the second hour of business
this morning by the announcement
that Duncan, Sherman & Co. had
closed their doors and suspended pay
ment. A clap of thunder in clear
sky could not have caused more con-
sternation and at the Stock Exchange,
Gold Exchange and Cotton Exchange
great excitement prevailed. The lia-
bilities of the house are given at in
side of six millions of dollars, and it
is admitted that the assets will fall
far below this. The losses which have
weakened the house are not entirely
of recent date, but cover several years.
The heaviest of its losses are under
stood to have been in cotton and next
in securities of doubtful value. 1t is
due 20 VIM. Butler Duncan to say that
had he had the disposition to take the
chances of credit, his house was suffi-
ciently good to have enabled him to
have bridged over his bills ON London,
sold yesterday. AS man of honor,
however, he chose the honorable
course, and stopped while he had
something to divide. Refusing new
business, he endeavored to get new
capital to pay every new demand
which could possibly be made on him;
but, failing in this, he concluded to
suspend.
The Post will publish this afternoon
the following statement to creditors,
prepared by Messrs. Duncan, and read
at the Stock Exchange:
q E0E NETWORK, July 9th.
A careful examination of our busi-
ness affairs shows US, most unexpect-
edly, that through losses and misfor-
tunes, our available assets are so re-
duced that we are compelled to go into
liquidation. We reach this decision
with deep regret; but the fact that up
to the last moment our unexampled
credit having remained unimpaired,
would have compelled us, If we had
70 hn ,1 Nf
new obligations and new confide nces,
which we were unwilling to assume.
For the protectisn of all our creditors,
without distinction or preference, we
have this day made general assign
ment to VIM. ID. Lipman of this city.
(Signed) 'a
4N - DUNCAN, SHERMAN & Co.
NEW YORK, July 27th.-The failure
of the well known banking house of
Duncan, Sherman q Go. is leading
topic in business circles to-day. 1t is
not thought that any, of the banks are
involved to any serious extent. ALI
attempts to-day to discover the stand
ing of the firm proved futile. Judge
Shipman, the assignee, will at once
begin an examination OF the firms af-
fairs, with a view to preparing o.
statement for the. creditors. Many
rumors were current on 'Change to-
day in connection with the failure.
One report was to the effect that cer-
tain German bankers were placed in a
delicate position, but this is positively
denied. Later in the afternoon an
other rumor that certain importers
were involved.J Up to the close of
business, however, no more failures
occurred. Tomorrow is looked for
ward to with apprehension, as it is the
opinion that no house like Duncan,
Sherman q Co. could go down with
out dragging others with it. When