davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
MINOR LEGISLATIVE MATTERS.

frpou THE REGULAR CORRESPONDENT OF THE IHbONE'l
A1BAyy. Nav 15.-Many small amendments
TO the Code of Civil procedure were put IN the "oNi
nor's hands to-day. and two score OF ocii pii'7 - o
The Assembly again passed senator GiboSs Dill appro
,i, - COO 600 for the construction OF new school
Sorses in York city The bill has been recalled rom
the Governor and it has been made peInis-ve hS'e
Of mandatory with the Board Of Estimate ana AppoIuon-
ment TO expend the S2,OO0,Ooo.
Ste ,aesed Senator Tituss bill forbidding the en-
,ovept % chill ren contract labor III houses u Ioluso
and refermatories. as amended by the Assembly
sator Daly's consolidated act in relation to oHoinS
IN New York. as amended by the Assembly was again
pa.sed y the senate to-day. The bill does not 10" 'o"
inspector XIII Uro2ibng the sale Of candy SIM
day was opposed Oy Mr.. Ho1se ana M Oii,eI ~ w
se'nD,, -t chiirCn from buying candy with missionary
money While their way TO sunday scT'o' l - de-
laughter followed ms ahho'ioc"'""
feated by vote OF 63 TO Al. I'D, .,.,l,,o.d Inv Mr.
The Assembly passed resolution mtodueeu 10y M a.
ptce reouesling the County CLERK o. ADdA! NUH! "
snrrender TO he Controller the SIM OF %ZOOO aicsvH -
have been paid by ex-senator & saop contest Of
ISL The money viii be put III the general lu' anu 10
mem,T or Eiqruan bill giving the NewYork Transit
(omnany the right to hotels and ferries was pSeu
Chnrch tod the Assembly that he suspected mys-
,arous hin of Mr. Van COtt's was the fool pii III ~
uise This statement caused the defeat OF the Qi mo
Rise y's ostensbly an act 20 enforce the Obligation
ri contracts but had some uloYslons whlch leu
IN think il would legallze betting ON race courses
Th Assomby then passed Senator Gibbss bill creas-
ing the Heath OF OF the
xote nv with Mr. Earls bill limiting the hours Oh
labor OF streetcar conductors and drivers was ioS i1'
yo,e was recon sidered aud the bill was passed a.,
The senate passed the Assembly DH auth0iiIh. tnc
fsy az 70 contribute $4,000 toWdru inc peu-
estal OF the Bartholdi statue. 80, - ,,od with Tho
The Fifth-aye requirement. bill was passed. Wit inc
amendments agreedto in the conferences commute
that the work should be In charge OF me 5ikns d
commIssionprs who should be authorized 10 sPehu
$snsfoy Daggeti's bin was passed making the forgery
of kilograms a misdemeanor' ~, ,,o,,o, ro,,or,ed
The Senate Committee on PDnc lnst ,Iatr ,S tf
Senate. ,... oa.,o.o hill al wing +elocra nj,
The Assembly defeated the senate 9ll gning uy;or
comnanies the rights of eminent DOMAIN, ana SENATOR
Daggetts Brooklyn as DILL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
RECEIVER JOHNSTON AT WORK.


Examiner Serbia discontinued his official work at
the Marine Bank yesterday and transferred the
books, keys, etc, to the receiver, Walter ;.
Johnston who reached the bank soon after a. m
and began looking over the books and taking ac-
count of the assets. James w. Elwel was almost
the only director who visited the bank during the
day; he offered all assistance in his power to the
receiver. Mr.. Johnston remained at the bank until
1 o'clock To o TRIBUNE reporter Mr.. Johnston
said:
There Is really nothing that say at present with
regard the alrs the bank. expect an accountant
here tomorrow one who has been associated wth me In
OF tins kind for the past ten years and then We
shall go right into the work the purpose OF giving tho
earliest definite Information possible 20 the public
could only generaies now, ana these would not
be sat, lact0Ty to me, the bank or the puOnc to-day
have been looking into the cash assets OF the bank ana
receiving the applications from out or town Tor settle
mcnt but would not be warranted in saying Mythlng
There is always vast amount OF preliminary matters TO
be adjusted, snch fixing the ownership or collect ons
and the debtors OF the bank also IN protecting the
sets attempted attachments shall nrst ascertain
and finding the amounts due credltors shall with the
aid of well nanciers lud the estmsted value OF
every Of assets chasing the good, Dad
doubtful. The puOlc may rest assured that shall not
delay in giving them the earliest possible information.
Examiner Serbia said:
I worked very hare at the Marine National Bank aud
gathered large OF statistics together which were
OF no after all but which will simplify the work
OF the receiver very much. My duties extended only 10
getting at the banks condition sufficiently 10 say whether
II solvent, aud whether receiver should De ap-
pointed. sent only partial statement 10 the authof
report which | hope To finish this week. The Marine
Bank will pay It's depOsitOrs IN iuu.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
A CHANGE IN THE LANSING BILL
tpv rrrrnpAPU TO THE TRIBUvB.l

ALBANY, May 15.-The Assembly has passeu
Senator Lansings bin the protection OF the Ado"
dack forests The lumbermen from the northern part o
the state resisted passage Of the bill to the las.
The Committee on Ways and Means amended inc onI y
reducing the number of commissioners nom ''' .,
90 ono giving the Commissioner term OF
.,v wears increasing the salary from $2'ooo
90 Al 600 and authorizing the appointment OF req TOT
estcrs The Senate passed the amended pii pu1 Will
an a,nendn ent of it's own stating that II the SoNerno
does moi nominate Forestry Commission loioli TOW
mat the Cont roller shall continue to nave the
,non, ~ the state lands the AdirOndacks IN oineI
words the bin does go into effect until ISS2' a
hacovarnor signs the bill tomorrow aud nOmlna'"e
T"roStrv Commission The Assembly will have 10 con-
cur In the Senate's new amendment
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
SCARCITY OF MONEY IN THE MARKET.
Coorge n Potts. president of the Park Natlona

Rank said 10 4 TRIBUNE reporter last evening
without knowing positively the Of the suspension
OF Fsk Hatch strongly inclined to believe Ihat
WIS their inability borrow money 10 meet tneu eisdSt
nents rather than any complications WIN any
failing houses know that they tried to borrow on GOV
could not get money. They have very
Large amount Of bonds-sorne say S4OOO'Ooo.
know nothing OF Pis Hatch's liabilities. but II Is
nv opinion that the stOppage Of that house Is only
temporary suspension. II cannot De for lack OF sOnh
ness OF ack securities bur simply for want Of money
IL confidence could be restored the financial peo-
Die OF the city. all difficulties would disappear III
day And think they will disappear very shortly under
ANY
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
OVERLOADED WITH GOVERNMENT BONDS
The president of prominent Wall Street bank
cold of the faIiure:

lido not think the consequences viii be IN any way
serious The firm mas simply overloaded tse WIN FoV-
eminent bonds which ii has been carrying III the e1cc-
taton mat Congress would pass the bill concerning
the security circulation which the hrni Nae chain
nioncd II was Mr. Hatcns expectation thal me passage
df tbe hin would result large advance III Government
bouds He certainly did not foresee the present cohu1
of the money market and has been dlsapponed tn ne
has so large an amount OF Government bonds is ie case
OF the susenson. The loans were called ana mere wa,
M n,orket for the bonds, at any rate Tor large
amounts The firm could do nothing except suspend ne
faiIur IL m important IN some respects but am
thot A. will not seriously check returning cOntl-
dcrcc From the very nature OF the fare u cannon uo
So and moreover do not think that the liabilities arc
very laTLe
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
EFFECTS OF THE FAILURE TEMPORARY

A rcnorter of Tine TRIBUNr y6ited De0I00 %
williams president of the Chemical Bank, at ms
house. 40. 81 West Fifty-eghth-st. last night. Mr.
Williams said:
The failure Of Fisk & Hatch ought not to have any
lasting effect. Most OF their loans were ,On
broncbt tfc,n down unless il IL that the calls
nom their country correspondents were so ElSS
tbat they could not readily Get the necessary aolni VI
money 10 meet them have not heard any cleuil9e
estimate Of their liabilities hut as they were @fe h
or of Government bonds the less GA them VIII DC Ne!y
sjclt IA they can De readily sold. For that reason
I think the failure win have Atlle IL any eNe ca,
te nothing ons here They better known thIo9sn-
ant fhn c0uptiv than any other house, ana lOr VA,
paso1, ne faire NAV have f1catcr temporary cntct
than l. Unsuitable The wisdom OF the acton taken bS
me ln9 ling House Is already manifested anu INC ic
snUfou OF me METROPOLITAN National Bank to-day has
dond inucn 10 restore pubic confidence Ihs failure o,
risk & Hatch may temporarily stay the restoration 81
coGdoncr. hut the condition tAc banks IL the clearing
Housr is undoubtedly sound, and think we snail soon
see a brighter outlook.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
Troubles or OTHER FIRMS.
A. W. DIMoCK 4 co. SUSPEND.

RAPID DECLINE OF BANKERS AND MERCHANTS
STOCK IN CONSEQUENCE.
The only failure which occurred at the Stock Ex-
change, except the late suspension of Fisk &
Hatch was that of A. w. Dimock * Co., at No. 2
Wall-st The announcement was made few min
utes after the opening of tho Exchange, but il
caused only ripple of excitement on the street
The house has not been held in high repute fol
some time, and the suspension did not cause sur
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
NJ. W. COOPERS OPINION.
NV. Cooper, when asked last night about the
Eisl AZ Hatch failure and the situation replied:

Fisk d. Hatch failure, and the situation, replied:
Mr.. Fisk is one OF the most careful, prudent el,
conservative men In New-YOTk. He was wholly
onnosed TO speculation He believed Ia straight
forward legitimate business operations. Nalu ii
Iv there was great surprise on learning that
his firm had suspended lie has boon abroad traVellht
i'm Europc for some ume When we get To me oOtt0 Oh
the failure | think it will be found that Mr. batch
wape To make ney fast aud having tue power ID
the absence Of Mr. Fish he has specu!ated. 90 hol
know ANYTHING about it. But there Is Ouy hat ono way
to account for IT, do think there Is any cause lot
farther alarm the general situation Inc worst Is
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
CONTROLLER cAXNoN's APPROVAL.

The opening of the bank had the approval of the
Controller of the Currency at Washington. who
telegraphed to Pauk Examiner Serbia as follows
II YOU are ed that the Metropolitan National Bank
Is solvent and that the support OF the Clearing House
ts40cia ion will enable It to resume aud meet lts aO-
cs see 10 objections permitting II to open is doors
for business Ny instructions are II tins Is done mat you
and vour assistants remain the bank and report to me
hourly until close Cf business by telegraph amt fly
by mail ateI in the day also desire the opinion OF the
Clearing House Committee In brcf. by telegraph, as 70
the ecvcucy OF the metropolitan National Bank
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16

reporter called on the presidents OF three OF inc
largest saving banks In the city, X. L. Kennedy Vi
the Beecker Street Bank. Mr.. Rhodes Oh the "reen
wich Bank, and Mr. Wood of the Bowory BANK, anu
was informed by them that the failure OF r iSA "
18th could have no possble effect on the institu,
tions of which they were the presidents. they hao
loaned no money on any securities belonging ~ ~
Fisk & Hatch and did net know OF the hrih Do
having business relations with their banks
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
VIEWS or EXAMINER scR'BA
Rink Examiner Scriba said:

There Is no panic at ALL and the bottom has dropped
Ou OF the excitement. The Clearing House setued me
business Mr.. J.aues is OF the most capable Dalk
officers ia the country and naturally OF conservative IN
sncts His acceptance OF the 01ice - an ample assur
ance of the future prosperity o. the bank Its temporary
embarrassment caused by the inability OF one or Two
borrowers OF large loans 10 respond to calls Ihe TVle
matter has been arranged satisfactorily now and the
bank resume business backed by the New York Clearing
House Association. All the large checks which come III
viii be stamped and sent around to tho Clearing House
for IN yineuf but all the small ones will be paid here
the capital OF the bank is unimpaiiei. Mr. Secy re-
IN he Of directors
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
FUNERAL OF A PANK DIRECTOR.

CHATHAM, May 15.-The funeral of James
vr .lstv,e Of stuyVesant. took place yesterday He
monument citizen aud one OF the directors Of the
National Union Bank Of Knderh00k.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
AZ ATTEMPTED SUICIDE.

fDY TELEGRAPH TO TIE IhIbUND'I
CHATHAM, May 15.-Minard Turck OF North
chatham age sixty-nine, shot himself In the head TINS
noynDg The act is attributed TO temporary insanity
lie was undeI bonds for trial the charge o. assauns
little girl. -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
FREDERICK D. TAPP EN- ON THE FIRM

Frederick d. Tappen. president OF the Uaiia'in
National Bank, i'll conversation Win lepof'oi u
THE TRIBUNE last night, SAID;
Ibaye been at the Clearing House al cav auu ~
really had no time pay attention to me aua ~ S
Gt-cct do not think The failure 81 FISK " Hdtpn !;
bove any very marked effect Their enibarIaseien'
probably only temporary. They ned !iiHU "Jn' to
Govprnuent bonds, and II it WsS almost hhlp o
dov 10 pci money on any kind Of securities; IiJsnc
hsv were long OF Government bonds ana hdu noai ~,
LOANS i'm savings banks do not think ther t;iuIr,
atfct any other houses. ia 1873 when theS iaileu 10"
fore and arred number OF houses down WIN n,l'
the condition of affairs was a''oEtlleIL Nat
rent from tuat now existing. | 1emeinDer INA,
time well for did not Get nome On
any nighi until o'clock in the morning ior l"o meths
ny Ty lyas railroad crash Fisk Hatch were carrying
large amount OF Chesapeake and ONO bonds lnu' vi
course t!eir failure affected other houses: Iou,i 80
General cnrdtion o the country is qTet Tbe arlon 3
tbe Clearing House hes made all Naona Dahh7 NlSn
ore ,neer of the Association practically one ana tue
Inan Committee is prepared 10 make !o"h., ~; ~
HANKS 10 any amount. 40 NOT lilinh
there is any cause for this foolish alarm ABOUT ne
Tie hanks can take care OF Themselves anu pepIio
viii only keep cool will soon see the ehd Oh I.S
troubles have not heard any estimate on lne
and assets of Risk & Hatch, hat is an hOho"gio HO
and win | am convinced, soon he on rs rect AGAIN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
DONNELL, LAWSON Il SIMPSONS TROUBLE.
THE FIRM NOT LIKELY TO REsUME-wHAr Mr.
SIMPSON SAYS.

SIMPSON SAYS.
The statements of members of Donnell, Lawson
Il Simpson on Wednesday that their suspension
was due wholly to the supension of the Metropoli-
tan National Bank were not confirmed yesterday.
The Metropolitan having resumed similar action
Oh the part of the banking firm was anxiously
awaited. Toward the close of banking hours it be-
gan TO be whispered around that their failure would
be total. The bonds of the Cleveland, Youngstown
and Pittsburg Railroad mentioned as the matter
in which they had been most crippled. This was
the security over which the Bank of the Republic
directors had a difference, about month ago,
which resulted in President Fords resignation.
The Bank of the Republic one of the two
baSs~ with which Donnell, Lawson Il Simpso n
did business, Mr. Simpson being director in it, IL
was also said that Mr.. Seney had unloaded lot OK
these bonds on the firm, and that their dependen ee
on the Metropolitan such that they could not
refuse TO be thus used. Az the firms office on the
second floor of No. 1872 Broadway, tho
long list of notices from their correspondents
stating where drafts would hereafter be paid.
indicated how widely the firms business was dis
tributed There were over 400 banks for whom
they transacted New-York business, scattered
through Georgia, Florida, Texas, Missouri, Kansas
Arkansas Nebraska, Iowa, Colorado, Utah aud
other Territories. Over 100 bulletins were posted
on the door Inside Messrs. Donnell and simpoi
were busy all day trying to see where they stand.
Mr. Lawson Is in Europe. To TRIBUNE reporter
late yesterday Mr.. Simpson said:
ave are still figuring up and trying 20 get to point
where Ne can't tell you any thug unll
about tomorrow afternoon. There prospect that ws
Nl resume. That Is the point toward which our Ar
engagements AFRO tending
Has an assSnee or receiver been decided upon z -,
mo, sir nothing Of that kind has been viii be Ooue
We shah rot make assignment unless sati' nea
that cannot settle our business satisfactorily
| /" What are vour liabilities"
We can't tell exaoty-in the neghbOrbood OF sS,ooo'
| 600"
| " How much are the assets r.
"They viii no more than that. We shall pay every
| dollar, now thank" IA
there any truth IN the that sepey unlo .dss
Cleveland, YOUNGSTOWN and Plftsburg bonds on You
Not worl OF truth President seney has unlo laea
nothing ON ne, at any time" a.
"WGa. has been the character OF your securities y
Thev have been such would commend theins Ives
10 conservative Judgment. The greatest shhnklSe 10
their value has been In railroad bonds upon waies
| we made adN ances.
| "Cleysland, Youag st0wn ana Pittsburs |"
"ThOse and some others" q.
HON. much was your deposit In the Metropoll'4n v
alt was good deal lar ger than we could have wis Nd
Coa,inued en Fourth Page.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
WORK OF THE CLEARING HOUSE.

The settlements of balances at the Clearing House
between the associated banks were accomplished
yesterday without trouble. In the morning the
committee which had examined the condition of
the assets of the Metropolitan Bank formally sub
united to the Clearing House Committee the report
which appeared in yesterdays TRIBUNE.
1t was accepted and the standing
of the bank IN the association assured by
the issue of about 81 100000 loan certificates TO it.
TIE Second National Bank applied for 100000 of
certificates and the total amountissued 10 five banks
was $l,000000. The Loan Committee OF the Asso-
cated Banks was in session all day at the rooms of
the Clearing House, examining the securities de-
posted by the banks that considered it advisable
to obtain certificates against possible emergency.
I. d. Tappen, president of the Gallatin National
Bank and chairman Of the Loan Committee, sent
the following telegram early in the afternoon to the
Controller of the Currency, IL. W. Cannon, at
Washington:
From the best information can Obtain we believe
its doors for business. The excitement has subsidized
William A. Camp, manager the Clearing House,
spoke encouragingly of the situation With regard
to the the failure of Fisk & Hatch heisad:
know of the particulars OF the affair, but am
time the banks pursue liberia policy and not to
hesitate to lend money on good collaeIals.
The Loan Committee will meet to-day for the
purpose or SCfUtlniZlnB Ine securities on WHICH
| further issues of loan certificates may be desired.
| The special committee appointed TO consider the
amending Of the rules of the Clearing House. so as
to cover any similar to that Of the First Ma
tional Bank, which holds $4,000 in checks of
Grant & Ward on the Marine National Bank, that
were considered good in the Clearing House settle
ment. made the day the Marine Bank suspended
| has submitted It's report. ] he following amend
| ments to tho constitution of the Clearing House
| are proposed by the committee:
In case Of the refusal inability OF any bank to
promptly refund TO the bank presenting such checks,
drafts other urned not good the Oank hold
Ing such checks. drafts other items may report TO the
manager the amount Of the same, and 1t shall be his Uhe
uanager duty. with the approval Of the Clearing House
Committee take from the settling sheet Of both banks
the amount reported and adjust the Clearing House
statement accordingly; provided that such notice shall
be given the before O'Clock OF the day
Tine Clearing House Committee IS also empowered,
whenever IL shall consider It for the interest OF the
Association, examine any bank member OF tho AssO
| ciatOn and require from any member securities OF
such amount ami character said committee may
deem sufficient for the protection of the balances result
| ing from the exchanges at the Clearing House.
AT an early day a meeting of the Association will
be held to take action on the proposed amendments
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
NO EFFECT ON SAVINGS BANKS.

nresdent IA one of the finest on the street. anu p'
hans the beat man know for such position
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
AT an early day meeting of the Association will
be held. To take action the proposed amendments


rEN WILMA AA"o i'O'A ~" iAH-'i@>
Affairs at the Phenix Bank have dropped back to
the old-tme quietness. President Dutilh said that
there had hardly been three persons at time in the
bank all day. One frightened man came in and IN
CURED if the bank had failed, was laughed at and
withdrew. The amount withdrawn by depostors
yesterday was IL trhe over T36,0OO About the
same amount was deposited. The deposits amount
TO about 81 700 600. There was an utter absence
of the crowds and excitement of Wednesday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16

Coa,inaed on Fourth Page.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
Isnac II. Ba!loy. another directOr, said

The directors thought The best thing 70 do wac to get
ont from under the load OF East Tennessee. virginia ana
Georgia which they have been carrying ana get PACK 10
pcod banking principles. They have elected man OF
strong qualities who hs the confidence OF banking mem
and VINO il he does make much money for the bank
M III will NOT lose
, 1884-03-05
TERRITORIAL rurELAGE.

Col. Bob. Ingersoll, who may not be
orthodoxically sound on theology. as
some other people, seems, at times, to
hit the nail more squarely upon the
head in other directions. In discuss
ing territorial rights, he recently said:
"were | the President of the United
States, I'd have the people of every
territory nominate their men and elect
a governors; then I'd endorse him. l
don't believe in sending strange men
to a strange country to govern the peo-
pie in the matters which do not affect
themselves. It's a bad principal and
will not give satisfaction" Bob evil
IDENTIFY believes in the sovereignty of
the people; and there is considerable
force contained in his views. Com
menting upon the above quotation, the
Denver Times says:
America, by which WI mean the gov
eminent of the United States, has been
very un-American in its treatment of
the territories. The territories are as
a rule populated by the strongest, BRAY
est aud most patriotic men in the en-
tire nation-men who evinced their
spirit and power by going out to o n
quer the wilderness. Yet for some
whimsical reason, way back in the early
days OF our history, the precedent
was set and the principal established of
robbing citizens of territories of all po-
litical rights. The man who lives in a
territory cannot vote for his President
or Vice-President. He cannot ven
express his preference for governor,
secretary or any of his territorial Off
GERS. The delegate he sends to con-
gress cannot vote. In other words,
the resident of a territory is completely
disfranchised. This. WI agree with
the inidel orator, is not right and is a
bad principal.