The New York herald., 1876-09-05
FURRY IN WALL STREET.
FAILURE OF RANDOLPH, DIcKLEY b co.-RE-

FAILURE OF RANDOLPH, DICKLEY h Co.-RE-
PORTED FAILURE OF THREE oTHER FIRMS.
There good deal Of excitement In Wall street
yesterday, owing TO repeated reports that number Of
firms who had been operating In connected with
coal stocks had failed One firm, that of Randolph,
Buckley 4 Co., bankers. No. Wall street, had really
failed ana their liabilities said to be $500 000
In what way this firm had involved itself would be
hard to tel but Change yesterday their failure was
declared, and in halt nn hour aitcrward HERALD ro-
porter called at the Office oi the firm In Wall street
member of the lrm discovered after parley.
ing by clerk. The member OF the firm asked that he
should not be interviewed, and he was not, at his
request But ho did admit that the firm had failed,
and asked how he could be expected any Of
affairs or the nnaI result OF the collapse II seems
that the creditors OF tho house very angry with
It's conduct, which they believe to havo been good
as circumstances could permit, ana 10 - said In the
street that they will bo quite lenicnL
1t was also reported the street that another VIC
tim OF The coal Charles Parish director Of
the Lehigh and Wilkcsbarre Coal Company, whose
onice n No so broadway. II had been stated
days ago that Mr. Parish had been caught for largo
amount In coal stocks, but nothing positive was
known about the maitcr. At the office OF the company
the denial OF the report not IN definite,
but 1t stated by clerk that Mr. Parish would be
In town todayhs residence being In Wlikcsbarre-to
answer Tor himself Another failure was reported,
that OF william B Cerkc Co., brokers, OF No. rs
Broad street Nothing whatever could be asccrtained
this reported failure, but IL seemed to bc generally
discreded tho hrm had not been called Change.
Tho last report struck at John lay or Johnston, tns
President oi the New jersey Central Railroad New
Jersey Central stock lately being elevated balloon
like and tho fact that had
down from 30 on Saturday to 30 yesterday may have
given rso to the report oil Mr.. Johnstons failure.
HERALD reporter called ut the Bank OF Commerce
Nassau ask II Mr. Johnston's stocks which he
had deposited In the bank aud othor coutcrals OF his
had been sold. The cashier, Mr.. Vail, seemed quite IN
dgnaDt the idea and at first would not acknowledge
that there had been stocks loans Otner
coatcrals OF Mr.. Johnston deposited In the Bank OF
Commerce. After q lew Moments however, Mr. Vail
indirectly admitted that Mr. Johnston had had colat
eral IN the bank and addcd:-"I don't see
Mr. Johnston has stocks has had stocks
IN the Bank Of Commerce at any time But will say
you that tho Bank OF Commerce has mover at any
time since foundation In 1889 sold any stocks
other coliacrals deposited by it's customers TO any
person persons. And We have not sold any stocks
belonging to Mr. Johnston--that Is positive" Tho ro-
porter then visited Mr. Johnston at his oice, No. l19
Liberty street, and found from his secretary that Mr.
Johnston closely engaged in meeting OF board
OF the New Jersey Central directors But" said the
secretary, IL will call HIM oups some OF the rascas
In Wall street trying to hurt Mr. Johnston"
Mr.. Johnston came out OF his oihce promptly and
the reporter said There is report IN Wall street
that owing the fall Now Jersey Central stock OF
which you said TO be u large holder, you have
failed. Is u soy
JoHS TAYLOR JonxsroS--well, sir, IL IL wcro So
think should know IT. | believe that you n ay
radict the report OF the gentlemen In Wall street
not only untrue but also alb urd.
Nr Johnston did appear DO In the slightest de-
gree RULED and conveyed TO the reporter tho space
OF three minutes most profound belief in his solvcncy
alter which he returned to his Board discux
New Jersey Central stock.