The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1879-09-26


the result.
HEAVY FAILURES IN NCuAELEsroN.-Charlesto
Sept. l9.-Thc commercial circles were much
agitatcd to-day by the announcement of the
suspension of the banking and exchange house
of Ja,nes Adgcr & Co. No statement has yet
been made of tie liabilities, which reported
to be large. }. T.. Adgcr s. Co., Wholesale hard
ware dealers, also suspended payment to-day
They arc involved as indOrscrs the paper of
James Algcr Co. 1t is doubtful whether ci'h-
er house will resume. Waiter n Co., cotton fac
tors, suspended yesterday, and their failure pre-
cipitatcd that of James Adgcr & Co.
The Pcorlc'S Bank Dr0,cn into Me Tortcr.-
Charleston, 5. c., September 20,-Ihcrc is II"
authentic statement yet of the liabilities of
James Adgcr \ Co. They arc currently rcpor-
ted to be nearly 50 .O0O, 900 The Peoples Bank,
which is one Of the losers, made IN assignment
to-day and will wind up. This is State bank,
distinct from the Peoples National Bank, which
is not affected.
The books Of the bank show tln its assets are
so, 900 above all its liabilities, and upon their
showing Mr.. Lcngnick, the President, states
very positively chat the assets of the bank are
anplc to pay ever" dollar of its liability, and
that dcrcSiprs Hcyl feel no uncasncSs.
The saviu@s department, which is specially
secured. will, he thinks, be able to pay every
dollar Of its liability hy the first of Janury next.
GoLn ror TIE MjLLloN.- Washington, Sep
| tcmbcr l9.-Ilc Secretary Of the treasury is
sued c.lny n circular authorizing the treasurer
of the United States and the assistant trcasurcrs
at Boston, New York. Philadelphia. Baltimore,
Cincinnati, Chicago, ST. Louis, New Orleans
and San Francisco, to pay out gold coin as we'll
| rs silver coin and notes, upon current oblGa-
tons OF the Government, and upon advances to
d;sbursing officers rs may bc convenient and
| practicable.
Transfers of coin for this purpose will be
! made to any assistant treasurer, when ncccs.
sary, hy the treasurer of the United States Upon
application to the treasurer of the United States
| in this city, and upon receipt by him of n GER
| ilicatc of deposit issued 10y United States as
sistant treasurer in New York, stating that
there has been deposited with him legal tender
| notes in the sum of o hundred dollars, or null
| tiplcs thereof he will also cause to he shipped
! from the mint at Philadelphia to the deposition
| at his risk and expense the like amount of cor.
| The exchange of gold coin for United States
| notes at other sub-trcasury Offices Than New
York, appears to he provided hy Section 3,G5l
Revised Statutes, but it is believed that pay
| mcnts of coin, as above authorized, will enable
| !crsons to secure all that may he desired.
TIE Nrrns OF MnMruIs.-Ncw York, Scptcm-
bcr l0.--Mr. I.anga;aT in his appeal for funds
| for the work Of the Towards ut Memphis says:
1.-The amount required to provision those living
| in camps who cannot return to their homes un-
| til the epidemic ceases, will not lc less tl!an
| = ib',ObD. me amount required 10 continue
| the work of the association cannot be definitely
estimated. We believe that about 10000 will
| bc needed
| GEoRGIA's COMPTROLLER ForNp GumTY.-
| Atlanta, Ga, September lS.---Thc c0urt Of i'm
| pcachmrnt has declared the Comptroller guilty
! and rcCilSod to rcmSvc the clause disquaiying
| hhn from hereafter holding Office. Sentence
| will be pronounced to o-morrow.
| kCCIhENrAL FIEE.-Thc house of Mrs. Mary
| Kibcr, near pOmarii together with the kitchen
and furniture, was destroyed hy fire on Tuesday
night. Nothing saved. Loss $1,000. Acct
! dental.
| EGYpTIAN CoTrnN TURNING OUT WnLL.-Lon-
! don, September 2O.-The 7ImCs says the news
! concerning. the Egyptian cotton crop continues
| very good and large yield is expected. The
samples so far have been Of good quality.
MARIE
| H., ;,l tl,c |,