The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1884-05-15

quarters which could not BE-
Immediately met owing to the general
shrinkage of securities, the disturbed
condition OF the times and the disquIef-
ing runors. He was unable to furnish
| statement OF his liabilities and assets
Most of their loans are well protected II
the holders did not lose their heads and
Want TO get their money In day.
NEW YoRx, May 14.-Donnell, Law
son q Simpson have announced their
Suspension. They are large dealers in
said TO have $4,000, 600 with the sus-
pended Metropolitan bank firm. They
cay: "Owing to the general panic pre-
yaillng we deem Il best 70 suspend until
We can see where We stand"
1 At so the excitement eubside1 TO q
great extent and 9 better feeling pre-
/ vailed, but the situation is by no means
settled. The general impression is that
the end is not yet. Il Is stated that the
largest dealer in privileges on the street
| was Obliged to receive 200 600 shares on
put. This large block must have called
for heavy drain even on his
| immense resources. 1t is stated that
Secretary Folger has been invited to the
meeting at the clearing house and the re-
suit of the conference was awaited with
misch interest. Drexel, Morgan d Co.
have received word from g PhIladel-
| phia house that they can have all the
| money wanted Rumors affecting seY-
eFal national banks continue flying
about the streets, but none are traced to
q reliable source.
SELF PROJECTIONS.
WILL STREET, $50 p. M, May A.
| The @esring house association has just
a6tog&ned ekseR adopting the following:
ia uia IF
crisis the hanks OF this association. for
| the purpose of sustaining each other and
the business community, that commit
tee of five be appointed to receive from
| the banks and members of this associa-
| lion bills receivable or other
securities TO be- approved by sale COM
| mittee, who are authorized therefor to
loan snch banks certificates. bearing IN
| terest at 6 per cent per annum, not in
| excess of rs per cent of the securities or
| bills receivable so deposited, except in
the case of United States bonds, and
said certificates shall be received in SET
| Element of balances at the clearing
| house.
The Atlantic State bank of Brooklyn
closed it's doors this afternoon. This
bank is the Brooklyn correspondent of
| the Metropolitan bank Capital, $780,
coo; surplus, 100000. President, Geo.
s. PuIIer
WALL STREET, 2.2O p. ma repre-
sentative of the associated press just in
| terViewed q prominent director of the
Metropolitan bank who says emphatic
ally the deposits will be paid
in full. Scion Humphreys,
director, states that had the president
laid before the clearing house full
statement of affairs there would have
been no need of the suspension, as the
assOciat d banks would undoubtedly
have come to its assistance and helped
| 1t tide er the crisis.
2:45 p. M-Money is now loaning at
| one per cent per diem.
B p. II THE gong at the stock ex-
| change has sounded. This has been one
| of the most exciting days in the history
of that institution. Ii closed at 3 p. m,
with stocks firmer.
ANOTHER.
WALL ST., $3.50 p m.-HOtcbklss &
Burnham have just announced their
suspension on the stock exchange.
WHAT THE ooMPTRoLLER THINKS.
WAGHNeToN, May 14.-In reference to
| the condition of the banks OF the coun-
try at large the comptroller says they
! seem to be In an exceptionally strong
condition. most of them carrying unu-
sualIy large resources; that the condi-
ton of affairs Is entirely different from
that of 1873 and he does not think gen.
eral panic is possible.
PHILADELPHIA o. L.
| PHILADELPHIA. May 14.-Prominent
bankers emphaticsllY express the opin-
ion that Philadelphia banks which are
notsblY conservative, would in no wise
he affected by the trouble in New
| York.
! ---
A smell Bre. 2e In Philadelphia.
PHILADELPHIA, Pa, MAY 1.-THE
suspension of Chas. II. Bayard, stock
broker, is announced, liabilities not
heavy.
Dfssssea Stock.
TOPEKA; May 12.-Dr. Holcombe, state
veterinarian, has Just returned from the
west. He with members of the sanitary
commission White aud Harris ordered
to be killed fifteen horses in Ottawa
county and twelve in Ma
rion, all afflicted with CHAMBERS.
DR.. :, Holcombe reporta q farmer
in Ottawa named Robinson as dying
with the same disease caught from the
horses condemned on his place, three in
number. The disease was brought to
his place by horse which the owner
knew had the CHAMBERS when it was
sold. There is much indignation
in the neighbOrhood. DR.. Holcombe
and the two members of the sanitary
cummissi IN we're arrested at the in
stance of one man whose horses were
condemned and who had sold same Ia the
vicinity. The charge was stealing fossil
remains. The case was dismissed and
costs assessed against the complainant,
who failed to appear.
RaIIroad Crash-Terrible:LOss OF Life.
P1TTsBURG, May 14-About 10 O'Clock
this morning a collision occurred on the
B s. o. road at point one mile east OF
Conneilsville between a freight train
bound west and construction train
bound east, resulting In terrible loss OF
life. The construction train consisted OF
six camp cars containing fifty laborers
on their Tsy to the Ohio Pyle Falls to
work. It was teiescoped and the men
were crushed to death. Many of those
who escaped death were terribly injured
The names OF the killed are not yet re-
ceived. There is sharp curve where
the accident occurred and both trains
came together with q crash, the cars
burning and the bodies being cremated.
The number of laborers supposed to
l
20, and many more injured. some Oi
the men were roasted to death, the cars
taking fire from an uptuTned stove
Six men were killed out
right. At noon, q large number of shoT
hands were on the ground. extlngulsh-
ing the flames. a thorough inYeetiga
ton has been ordered.
who was Hurt by the sabin Failure.
ST. Paul, Mimi, May 14.-Managel
McIYer, OF Bradstreet's Agency in Ar
interview in regard TO the companies
effected by Senator Sabin's trouble saIC
that two thirds of the stoel
of the St. LOUIS Land
Lumber Co., doing business at Elrcy
Wis; is held by Seymour, Sabln s. Co.
who have gone into q receivers hands
The Elroy business il managed By
} E., S. Austin. The Union Transfer
Company's stock is almost all held b,
/ Seymour, Sabin s. Co., and Il is slread!
in the hands of receiver. When sskeC
shout the G. N. Nelson Lumber Co
2 manager ticIver stated that there Wer
! no signs OF weakness there.
Msthod1st Cengerenea.
81 PHILADELPHIA, Pa, May 14.-At tn
7 conference of the Methodist church Il
day. Rev. ]. G. Miller q supersnnuate
. preacher from Lincoln, Neb., who sui
scribed last evening $4,000 TO tn
( Church Extension Society, was invite
3 | to the platform. A resolution wa
) adopted appointing committee of thre
r to nominate trustees for the church il
D stitutions- The matter of the report {