Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-01-01
NIGHT DISPATCHES.
r FOR CANADA.
Failure of Another Heavy Stock
Firm.
DEPRESSING EFFECT ON THE
NEW YORK MARKET.
Boss Tweed's offer of Compromise
Accepted in Part.
NEW York., Dec. 81.

Considerable excitement was caused
this morning by the announcement OF
the failure of John Bonner ~ Co., one
of the oldest houses on the street. The
firm has made an assignment to Is. w.
GriswoId. 1t is said that the firm pur-
sued the same method charged against
Meter IL Co., that of rehypothecation
of securities. The liza biiities are said
to be quite heavy, and several promi
nent Spectators are mentioned as be-
ing considerable losers. h intelll-
gence of the failure has had a depress-
ing effect on the stock market, and
some of the leading shares are down
one per cent.
II appears that on Sunday A. L..
Sewell, one of the firm OF Bonner d
Co., applied to his counsel for advice,
and announced the failure of the firm
and the flight of the senior member,
John Bonner, who had left for Canada.
Upon his advice, An assignment was
made to B. w. GriSwold, who Is now
engaged in Strengthening up the affairs
of the firm, and who will make "A re
port as soon as possible. The amount
of securities rehypothecated Is now
stated at $500 900, all OF which, 1t is
said, has been lost in speculation, Bon
ner having taken nothing with him in
his flight. A large number OF indi
yiduals and firms ara sufferers by the
failure, including Henry Clews and
V~anschsak Il Co. About 1900 shares
of stock were sold out under the rule
to-day, by parties having transactions
with Bonner.
The Post says of the Bonner Il Co
collapse: Bonner bought all the stock
of the Bankers and Brokers Associa
for it out of the funds of the associa-
zion, then took the stock and borrowed
on it. He bid SS5 for the stock Satur
day. and borrowed S25 900 on 500, 900
of it. Other transactions reported are
as follows: He lent $4,000 ON Panama
stock and borrowed 500 900 on il,
loss $50, 900. He lent $4,000 on two
thousand shares of Northwest Com
mon, and borro we'd more on it. He
lent 500, 600 on $l3S,000 of collateral
securities which cannot be traced.
The failure of Bonner IL Co. has in
volved the suspension of the Bankers
and Brokers' Association, an institu-
ton availed of by small operators for
G earring stocks. Bonner cannot be
found. 1t is thought Bonner IL Co.'S
liabilities will exceed $500, 600.
An evening paper says: Following
the suspension of John Bonner II Co.,
came that of j. +. Jackson, a small
member OF the Exchange, who was
also short Of Lake Shore and Western
Union. Some of the large stock houses
In the street are suffering by these fail
ures, their loans having been violated
and, it is reported, their securities sold
out without authority.
VIM. NJ. Tweed has offered to con
fess judgment in all city suits o
pending against him. These INCLUDE
two suits on the six million claim, the
same as that in the peoples suit, in
which judgment has been recovered,
and the suit Of five million five hun
dred thousand dollars against Warri-
ner and Tweed. and one of five thou
sand against q. s. Miller and Tweed.
The corporation counsel has accepted
the offer in the last two suits.
Another body was found in the ruins
of the Barclay street fire to day. 1t is
but a mass of cinders and can not be
identified unless by shreds of jacket,
which were found with it, showing 1t
to be that OF a man.
Outrage ON u Young Lady In wash.
wedding.
WASHINGTON, Dec. 81.
Great excitement has prevailed here
since Saturday, because of a terrible
outrage perpetrated upon a young
lady in the eastern part of the city last
Saturday. A movement is on foot for
the organization of a vigilance commit
Tee TO patrol the streets. Two negroes
were arrested yesterday on suspicion,
and but for the strong protests of the
police the crowd would have taken the
matter in their own hands and sum
mary punishment would have been
visited upon at least one of them then
and there. A largely attended indig
nation meeting was held last evening.
Arrangements have been perfected
for The silver wed ling of the President
and Mrs. Hayes at the Executive Man.
sion this evening.
Disastrous storms ON the Atlantic
Coast.
NORFOLK. Vermont, Dec. 81,
The storm Saturday night and Sun
day was the severest since last April.
hundreds of vessels arrived here for
harbor. The steamship Isaac Bell,
from New York. arrived this afternoon
with three disabled scbooners in tow.
She reports great disasters with loss OF
life outside.
A Blaze I'm Providence.
PROVIDENCE, r. l.. Dec. 81.
The loss by fire in Westerly last
night, is estimated at $4,000. Partially
insured.