Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-07-28
EASTERN DISPATCHES
,rrciAL TO rnE ooLD uiLL DAILY Nj
DOMESTIC NEWS.
Erect OF Duncan shsrman 4 Co.'S
FAILURE In New York-Ns Fears
o Iniury % Bustness.

OF huIuEy -
New YoRx. July 2S.-.The Herald pub
fishes On interview with VIM. d. Dun.
can. who says there Is no truth In the
reports that he went to Europe 10 con.
suit with Alex. Duncan for the purpose
Of securing his aid TO negotiate loans;
that he applied to Barring Bros. and
othor European firms, but II wnsdenied;
or that tho Union Banking Company Is
loser by tho Arm to even the amount OF
o farthing. Duncan says every arrange
ment has been made to prevent Amori-
cans abroad with their letters Of credit
from experiencing any trouble. n. y.
Barlow, counsel for tho suspended firm.
says the rumors that the failure will al.
feet tho Union Bank Of London arc en-
tirely unfounded, as the bank Is fully
protected, rs also Is Earrings. signor
Navarro, the Mexican Consul, Is q do
positor with Duncan. Sherman K Co. to
tho full amount Of his fortune, 10000.
and all the moneys belonging
to the Consulate. but does not seem
afraid Of loss. DrcIel. Morgan 4 Co.
say that Duncan, Sherman & Go. havo
bosn largely engaged in cotton transao.
tons, their London agent being Mr..
Kitchen, Of Cole 4 Co. Within four
weeks wool has fallen three cents per
pound. Surprising they had twenty-five
thousand bales In transit. their loss will
be about s375. 900; not enough to send
them under, but we hear they were
largely interested In Mobile & Ohio. At
lantic & Great Western, and slightly In
Erie. The President Of the Shoe and
Leather Bank has no fear Of the crash
having any effect On the business OF the
city. II would affect Connecticut and
Rhode Island especially, as he believed
the paper OF tho house Is largely circu'
lated In those States. In the Western
States also many houses would o or
less suffer. The agents Of the Union
Bank Of London and the Bank Of New
York say there is no truth In the rumor
Of Its suspension, the only ground there
for being the fact that the cables an.
nounce that 1t refused to honor the
drafts Of Duncan, Sherman & Co.
narasims News-Business Faiisrss
Arrest OF CovnterSstters.
New YoRx. July pa cable dispatch
announces that the steamer Adriatic
reached Queenstown with her forward
engine disabled. and was delayed 4s
hours thereby. Salvage operations on
the steamer Schiller are suspended on
account Of bad weather.
Worth & Watson, and Martin @.
Bann. Wholesale grocers, have suspend
ed. Liabilities Of the former 900. 900; OF
the latter. small.
Oficers Of tho secret service have ar
rested four counterfoiters ut the same
time for making and passing counterfeit
trade dollars, fvs-dollar gold pieces,
silver half dollars, etc.
Csanies or Jurisdieties Deswssn
s~esretary Bristew and Treasurer
New.
CHICAGO. July ga Washington
special says, when Spinner aud Bristow
qusrrelled, Il was ON account OF Spinner
wanting to have his way in admin
tering the affairs Of his Office. soo-
retnry Brislow declined 70 indulge him,
and he finally was thrust aside. Now
comes John s. New. the new Treasurer.
and no threatens to have either his own
or TO resign. and the difference is that
Bhsiow. while declining TO give up to
Spinner. ~graciously yields to the Indian.
apolis banker. It appears that Bristow
has been making appointments In the
T~reasurer's Office without consulting its
head, and iikwiss on his own authority
making dismissals. New stood II a.
long ~ no could. A day or two ago,
however. no determined 10 stop IL or
throw up his Office. He went to zee
Bristow, who began TO reason with him
n. IN ths wisdom OF the course that had