New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
WALL-ST AGAIN AGTTATED'
Continued from First Page

- ,,,or was In Washington yesterday. Horace
n Chi,tordep said last evening that tho announce
,,.n. &c tho FIRMS suspension had astounded hhi'
The counsel had had no intmation OF IL oeiore
hand. and his father had gone to Washington on
Monday without thought of such possible occur
renee. He had himself seen Mr. Ha'ch '"o Vi
three times in the afternoon, but had optaiheu no
definite information as to the cause OF the iaiiuro
Mr.. Cbttenden added:
or hands 70 morrow but that until then they would DO
endeavorng find out the real condition OF th man
no knowledge of the particular crcunstahces o Inc
failure, and would be OF no more va ,t tps mast
Rsor Sp ad ct Of the ns,
poe Of view IT S e o tpSr and a in Govern
ments in which they did very extepVe Gn"Tn
Suppose hat they Mere sagn XII vas not done OIL their
money, hut say nine tenths Wouu w ~ 90 hanIs
banks on the security of the oop6 now and ID in the
present condition of the market they would nave 70 o
yarv And i seems to me absurd TO suppose that The
Chesapeake and Ohio had anything 70 az and
the suspension They We're MI Wen the rm failed for
So 600 600 IN 1851 was chief because OF iis a
IL owed them very large amounts and finally ], k8 i
them in settlement large amount of its securities,
which have remained in tue nrHs NE f,lnrc was
all there is of that. Nor do believe tDat Tue tl rno
ed with the Central Pacific any other IaIOaq
company, for they did no margin bushes t andn ont
nf tbc mast doins OF the firm believe that IT was inc
fail in Governments which made the dniicuity'
WHAT c.. p. HUNTINGTON IHlNho or IL
C.P. Huntington, vice-president OF the 'e''I'i
Pacific Railroad and president of the chesapeake
and Ohio Railroad. was asked by TRIBUNE re-
pcsrter what foundation there was in the current
ronort that the failure of Fisk & Hatch had been
caused largely by their interests III those roau''
IIereplied that the reports were not true III any
sense, and added: ., ,.u.,.,
know that the firm does not hold snare OF 1ci.o az
pacHc stock and think it cannot hold auy Chesipho
and Ohio unless IL that II had before the suI
in e73 Thad made other connections alter thd' ~
before the firm resumed business and rarely laIho
such nntIers The firm sold the most OF us Ches,prah
and Ohio at the high prices, but IL may SUI hA
! perhaps a thousand shares A.. os INV
do not look upon the failure to-day US hoiinyo
| ching more than a temporary anhr.. pel ~ =
IL has bcen caused by the calling OF loans when w! %
socurod on Government bonds nom 6aNlnEs oahs "in
other institutions and partly 10 heavy drafts lro a.
coun,rv depoetors It'll Government bona laiule III
INV oniujon and while II will cause the urn
en9barrsssnen IL will be only temporary tinnh'
members of the firm are honest men and theN io.
nohaIv that they were forced To suspend because Ee9
coud not replace the loans even on Government Oo
In regard to the general situation of aiiairs' Sr'
Huntington said: .no
The storm Is about over take llttie ih'eIs, ~ o
stoch market but hear II was higher to-day some Ga
came I'm This morning and told me thar Centfl cli a,
6a5 cone mn or per cent. tod MN tlai u 80 ~
,yonJ ruobably oge Of the advance but PilV0S 'iO
| low now aud viii hardly lie much lower.