The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-23

kilograms Between New York and Phila-
deiphia ON tho Day of tho Collapse

~ 10y ~ WV
jay Cooke Il Co. failed on the 18th of Sem
| ,ou,hou 100 mn, No.. ,.,,.'.,
s ,, 100. ihc Hrm. embracing Jay COOKE
William q. Moorhcad. Harris C. Fahnestock,
Henry d. Cooke Pitt Cooke Ceorge G. Thomas
Iou,as u,,",..'I , w., "'. n,
'"hcs A. uulH,hu. ana Jay COOKE Jr.' had
branches in Philadelphia and Washington City
Their Jondnn ronnrc,ion ,,,a Inv cnoLo AZ
~" 'on"oh conho,tion was Jay cooke, NC
Cullough Co. On the17,h Of September. 1873.
John T.. Fox K Co. of Philadelphia sent TO JAY
Cooke 4 Co. tthc New York house, n note for
slo'3so'l3. payable to H. Dock. and drawn by
the New York and Brooklyn Sawmill and Lum-
81, 80 ~ "o 10y ""S '"'ui ~" w H.
Do's 10 FOX a. Co., ana ny thcm duly transfer
urcd ON tho dov Of 10 roco,,,, h. ,ho HAITIAN nn,
.,,., ',. -, 49,, ' 10 -, ''1 i"''ci "nu
was sent 10 inc unoh Bank brooklyn where
and the motto WINS n,ncrd in no hands -, n no,,rv
cmnov,I hv J"v Caa,a ~ ,e Ti " no.'i'
scented Il again on the same day and one Of the
Fulton Bank officers certified il az checks ara
1873. the notary handed the certified note To-
Jay Cooke X o.. ana they deposited II TO their
own account in the Metropoi tan Bank. On
Fox 4 Co. sued To- recover, basinr their suit
i. FOX. This document Myers ihni Jaw Too I"G
scale Of magnitude calculated To convey the i'm
wealth. ana had a solid nnanrini rrp,,tniion:
that at tlc time the note was received for col.
T., tinn, gay Ho.keN Go. knew that they were
%n %n fIp EsS ana n,gpdng to SUSPEND pay
H. mr, ..r,, f M n,u No., nta oo nol9 ana
m If crrJitor r ,"r fr UWn ph,t my inc 1hn-
T. FOX Co.. the PLAINTIFF and that jay Cooke
Co; were eXtravasant in their business, adj.
,yn no less than s6.QoO,0QO on the bonds Of
, 30 M M hllroni, Wnlen were not
m"r ~ VA nv II M % H. w tne SUM
ncI pi 20 lht ,rhilS ol inc Ihiladeluhla house
SP1n the New York house on account Of these
nf The ,l,nnsits nf thn nttnr ani tiis' 90 n ,,,
M ~ W, III, nrnl WHICH was h.ll IN Inllndclpl.a
ph the 10Th OF September 1873, at which Mr..
n"usf eouiu rais' s2oooVo 10y the neyt day 1t
whinh' a', ~, M faih'sto.k Irsw f25oi6
sent in the shape Of Government bonds TO his
,r ani teoV which ne PAID to MS
AT o A. NJ. sent is. 1874 Jay Cooke 4 20 '' re
ceiyed 3 government gold check for 81 100000.
the Government. At 81 o'clock of the same
Kay Mr.. ,fahnestock., with tho knowledge Of
n , Mo3ihea ana Garland. semitic follow
seissa e., morning and S,6e paper fSsenty
Ions ior che AZ h en,l nd any rr9m.
ccanngs; Whether We bay Our cheeks. therci"re de- de-
no, iske The re.renoity paying them upon any .X
fhe eny IF ,no, OF asroue nr,,on
Gent intsrs In .a,in s NV ~d nv My nave sni
the only securities We have namely N"rthern PseIBc
bonds and stock. aud the oregon steam Navigation
uh"npany our own impression that they will decline
a,V"un /" we nrye amount q our liabilities.
his meTnin he nav 'nb,nehsanis We have received
liz, II we ar, auit. certain ~ hay, Univ on nu, We
II leu tomorrow morning and therefore ieel t6at wr
,hond not he jusuncd IN making any US. OF Il Mr. |
Moorhead is present H. c F.
At the time this desnntch WINS son, tho Fox
note was IN the hands Of Jay Cooke n Co hut
subsequently, il was deposited i'm the Netro,noli |
tan Bank.
The following was jay Cookies renlv.
p
HcF, Our duty to the varous cornars"nas -, 's .o
connected WITH SAY nothing Of onr owl spositors re-
ques H. to make matters known 10 some Of them whom
we know to lc true 1t would be- wrong aud unustnabe
IL ~ ~ r "ssn"nt ,i.n a,oI.uiAi9n being nrst had
and ieei II We is ". ho hsy .'n,Sks nronnhA
1t Ought be tried shall alk TO Fiwsri ana cl.r,nee
a once. ~ they dd To and really believe Il YOU and
M MooTesd Til Keep ny We viii get aone w.
wn mo, no "sHun hoMrNgr Ne The navy chocaw except