The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-01-01

of one inch per hour. The centre span Of
the railroad bridge is sprung out Of line
about threefeet by RATS lodging against it.
1t is impossible for trains TO cross. Passen-
gers will be transferred tomorrow in boats.
II there is no further damage to the bridge
transportation will be resumed in few
days.
THE STORM AT NORFOLK.
Especial telegram to the Dspatch.I
NORFOLK, December 31.-The two-days'
northeast storm eliminated last night with
an overflow from the harbor, which dam
aged property considerably along the
wharves and waterfront. The storm pros
trated the sisnal-seryice telegraph-line
along the coast. and destroyed cable COM
between this city and Fort
Monroe. Persons from Hampton Roads
report that the storm was very severe on
the bay, and that q lerge number Of vessels
are now in the Roads with their sails blown
off and otherwise injured. One bark is
stranded on Back river and several small
vessels sunk by collision in the Roads. Up
the Seaboard and Roanoke road freshets are
in all the rivers, and ut Weldon the new
railroad bridge IS damaged by the flood, and
great apprehension is felt tonight for its
safety.
The Richmond City Guard had very slim
house to witness their performance tonight.
TIE FLOODS ON THE VIRGINIA MIDLAND AND
RICHMOND AND DANvILLE RAILROADS-DAM-
AGE TO BRIDGES, TREsTLES, &C.
Especial telegram 10 the Dispatch.
DANvILLE, VA, December 31.-Fery
heavy rains have fallen in this section, COM
mencing Saturday afternoon about O'Clock
and lasting until 10 OF II o'clock last night
The streams are considerably swollen, but
no serious damage is done except to the
Virginia Midland and Richmond and Dan
vile roads. The flood Of November last
washed away the entire Staunton-riYer
bridge on the Virginia Midland road, and
it was replaced by a trestle structure for
temporary use until the bridge could be re-
built. The trestle structure was hurricdly
built, and not intended for permanent use
or expected to withstand food.
The rains OF Saturday and yesterday
raised the waters Of Staunton river about
six feet above the ordinary level, and drift
wood, &C., washed against the trestle-
benches, causing them to give away about D
O'Clock yesterday evening, and while it did
not carry away the bridge rendered it inse-
cure, and trains cannot pass over. Passen-
gers, baggage, &C., will therefore be trans
ferred for two or three days, by which time
the damage will be repaired. The damage
to the staunton-river bridge on the Rich
mond and Danville railroad, over the same
stream about seventy-tive miles lower
down, was considerably greater, most
OF the bridge being carried away. Passen-
gers and baggage are transferred at this
point by boats. The destruction Of these
bridges are attributable more to the weak
ness of the structures than to the tierceness
of the flood. The waters have now sub
sided, and no damage other than above has
been sustained. The rains have not AZ
fected the Dan river at this place.
nnd Commercial Troubles.
ANOTHER FAILURE IN NEW YORK.
NEW YORK, December 31.-John Bonner
& Co., 80 Broad street, have made an as
sienment to 3. W. Griswold. 1t is said
that the firm pursued the same methods as
Meter & Co. in pothecating securities.
Their liabilities are said to be quite heavy,
and several prominent spectators are men
toned rs being considerable losers. Intel
ligence Of the failure has had a depressing
effect on the stock market, and some lead
ing shares are down one per cent.
THE BONNER FAILURE AND IT'S EFFECTS.
NEW YORK, December 31.-The failure OF
John Bonner q Co. has involved the sus-
pension OF the Bankers and Brokers Asso-
citation, which was an institution availed OF
by small operators for clearing stock. 1t is
stated that Bonner has absconded. 1t is
thought the liabilities OF the firm will cx-
coed s300,000.
Following the suspension OF Bonner &
Co. came that OF j. T. Jackson, a small mem
Der OF the Stock Exchange, who was also
short Of Lake Shore and Western Union
stock.
1t appears that on Sunday A. L. Sewall,
one OF the firm Of Bonner Il Co., applied to
his counsel for advice, and announced the
failure OF the firm and flight OF the senior
partner, John Bonner, who had left fol-
Canada. Upon advice OF the counsel an
assignment was made to 3. w. GrisWold,
who is now engaged in Strengthening the
affairs OF the firm, and who will report
thereon as soon as possible. The amount
OF securities ehypothecated is stated al
S400, 900, all Of which is said to have been
lost in speculation, Bonner having taken
nothing with him in his flight. A large
number Of individuals and firms are suf.
ferers by the failure, including Henry
Clews Il Co. and Vanschack & Co.
About 1900 shares Of stock were sold out
under the rule to-day by parties having
transactions with Bonner & Co., including
the following: 1900 Delaware and Lacka
wana, 600 Western Union, 1000 Lake
Shore, 300 Northwestern common, 80 North
western preferred, 500 New York Central
1000 St. Paul preferred, 100 St. Paul com
mon, 800 Michigan Central, 100 Panama
and 100 Pacific Mail.
The Evening Post says: "Bonner bought
all the stock the Bankers and Brokers AS
ISOLATION offered; compelled the manager
to paw for it out of the funds OF the Asso
citation, and then took the stock and Dor
rowed on it. He bid IS for the stock or
Saturday, and borrowed $4,000 on S100,
900 OF it. The Association Is understood
to have been 'gutted' in this way. HI
lent $4,000 on Panama stock and borrowed
800, 900 on it-a loss Of 100000. He len1
$50, 900 on 1900 shares OF Northwestern