, 1875-08-13
Duncan, Sherman & Co. and their
Accommodation Paper.
Many of their Creditors Fail to Sec
Where the Accommodation
Comes In.
Explanations OF tho Firm Tcnd to Con.
fuse Rather Than Enlighton.
:lnoonveniences Experienced by Creditors
Of tho Firm in Europe.
Condition Of A1nairs in tho London
Money Market.

Mono,,- -Marlat.
DUNCAN. sHEn@Ah CO.
Nrw yonr. A,u. 12.-Dnnc.n. Sherman l.. Co,
- ~. ~. a. ,,,,4 ~ .1,oi, .,,on
mo,.,ton uas % pspsr T In The LANDS Of banks In fiji,
, -, ooo no n.,s =. ,~,,t,l IL h.,, in NM Er
W nat y. "ll.!. 80 uoa m - A,.s ~
o. .no s'n ivan 0u'oto AMY
vl,s.hor Vic M or orr not Tho drafts vcro drawn against
.cr.,r,mcnta or eotlon aud pr,tn. Tbcy iusiut
th.t tnort was no fraudulent ,ntcnt.
Tim Erc,,in1 Post this Afternoon makes
,.taro, uo .ea,oGs y -, ~. .,,an, n' ~ s ,oiawa
resr Within the n.at ssht as5s, viii ,ho~ tie pree.o
LIS IN Fts.sa re- % l. Our Snlsr,tanna 4 ii.4s Tho
.snoans about 81, 400 ooo su that NOR. thin o,o,
h:1ns L. nss sssn n e1sst Ell IT, y
AMI aloova pieces, aul alwarn sgIeht f. having
cent. Thu rate indicated tls credit of the
aeceptor. and not IT t'e drawer, NJ ~! Wills wh!e
II wks far rosirion that s''e rtper OF h!e house
conducting large sntth 1ndse hasintss septssense.
lnorclandsc, aoeA uo lonw tlas because tAis ~
Tho csse there Mas fraudulent mi M On 'oe rait oi No
issnss ot IT, 1slo Paper so ma5sa .',th a." ~
co,ic, n E"s.nJ e.d was roli on fah in shs
matEs. tnen Of sourse thceo would 10 fraud II has
haen .eportei tai thrts aeceptancos bora date At
Southern cities, BUT "a we arc tnfornaotl. AL sho paper
was dated herc' snu ~ me s. w. ..t
Who souEat neanH 1e,, ~ ~ snaS,'s.tnn
y ~ ~. 1nps II M ,,.cnmnn1 tt,nr f,r
~ ss p.nErrs to f.ms domestic rsuer, tut It is
70 esshapse bcir credit for other peoples eash be
cause they some sood way Of making pronsabio
and legitimate turn when ttalae VINO Aaee easa ~
not sso f0r ss sSne noans ~ 1ary iaw
sred tans, , e .s 81 ~, ~ ~ s a ~ or,"r
tss t .ao " mgens aSs 10 10 DO # ssH i.s pset to set
sueh sia' oper.tons s M by tho boat haane.. nni
II IL considered fair OF credit 70 si uie ms1o
fact st tho rapee did not Tetefont II
BY no means eun1lnaise o. oa taith oF " etea
l1a.1it ~ hn,.a n .,ea,1o the cs,a,si ts Sch l.
eandscta "a IL hssnees the casc. Of eoIse u very Ill
fcrens A. to Duncan. SHERMAN CO. paper, W. d.!
that rome holaoTs say that they bnaRlit ii think.
lug thAt It Represented cotton, others ~ho car
didy ,edu1ft TINT what 1t rsprsaen.sd ". ".
yend ahe credit of Tie h9u.o % ,,. w ,,,,m, ~.
- . .@ aS nses af nsner w6eh tre tic na,nc Of
ns, auy Xbc.',n H. "a hsh diJ thoY lodi tho
crod!t II tho aF In fsct W tnow that paper buy
en- LIFT ns.icr with note-h.okess to supply Item with
'1uncan; shsrnah CO.. paper whtnhver Il Wax = ~
had. Until thu aadgnees statement spIssss' Hh1G1.
properly made Hi snom y ne anaa - o. I'm. .ne
onS 'sSy S. ~ al osia trsnsfsrs unInTunstsy
Tsve nrcnaro tho puIc for believing much hlt hoy
wunld not ior moinCp ut htte believed beforo,
a nro1;r;n,rv ,t.tencnt hy Duncan, Bhorman
A. In. nuta their deficiency at 49lI2,7 74O,
xmonv tho liabilities arc xl.ai3.G9l of bilu
,rhioh RI ,,raccurnd Vho amnuf1t din hnrna
Senoaitnrs il 81 5l9. .130 foreign cuts,
7nio lin of which %t57.732 bsbibeen socured by
liza reccnt rcsl oatntn trausferB. Tho lettors Of
rrciit eui cfrcnIar notes loot up s237 $40,
Eo,hino NJ TIM churactor Of the as4ctB ia ud,-
Gated except that in Tie form OF roal ostats to
thn a,nnunt OF sCi5, 0oO, The yaluo Of this is
laruolv oyetestjtna.cl.
'N'eV'' iJs fhs As,ocfaied Freis,;
New YonE, Aug. 12.-lho announcement Is
ruado that tho lcktcls OF credit for which tho
smo,,nt a,,3v n .fnus. .asI1 nm. 4 rzrrcannndent
writinr 1 frnm raris. says: mot Lsif-hour
passes that I do not hear OF cases Of tlistrcss
arising from thu failnro. Probably tbs na1'rtty.
Of the !osole aIe Eelsohe - wnon t..o oseat WI
,,,,o,, i'nt t,h;r,, H. ,civ wiiox yTto oa,no to
Europo few months ago, to reside horo and
educate her ohildrou, dopostod all her money
with Duncan, sherman d Co.. and LOOK thclr
!etels OF csu"s; oo uaa nos 94o ~ ~. ,oI poo
h;iIs nna III IIer nro;temcnt md aiarm sra 40
great that her friends a,prchetd Insanity Thcso
arc many teachers, students, md others in ex-
actly tho samo condition. nnd they ato not only
IN larB, but all over the Continent. AZ least
four Americans, who heard Of tho tnilure boforc
the nawa 1eached the ltothecAilds' Agency, go
cured their money, aud hayo retAnd from Paris
70 avoid trouble. Quo of tho four was visited by
tho Cashier ot tho agency, who demanded a re-
turn Of tho 1uouoy, Which was refused. A po-
lccman subsequently escorted tho gentlemen to
the American Embassy, whurc Minister WASH
bnl1o told the Cashier no could not make mn
nrre4t $fni rAu Cn1y 4niT1 hin hfrrARn. and +
sdvise you not to DO thas.' Tue Gaahier con, );