Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-10-23
TWO CENTS.

gard it as the last OF these failures here n is the
last or the weak banks All or the banks now are
strong and In excellent condition. l speak, OF
course OF the recog gniZed banking Institutions"
WHAT BANKER B,TrMAS SAYS
MI Bateman, the banker, says "Nr Cooke has
the earnest sympathy OF all the bankers I'm the
city. l have no doubt from what know OF Mr..
Cookies affairs that the assets far exceed the lia-
pMtleS, ana his suspension. in my opinion, Will be
out temporary. The failure or Middleton Co.
ana squler & CO. has TO some extent affected all
the private banks IN the District and the general
cistrust and panic has caused a gradual but
steady decline In deposits The banks OF the CITY
VIII lose nothing am satisfied. when all the facts
are KNOWN Nr. Cookies conduct Will be Judged
nlghly honorable In all respects"
NO EXCITEMENT AT THE DOWNTOWN BANKS
The announcement OF the suspension down town
caused little excitement, and some OF the banking
houses were unaware OF IL as late as II O'Clock The
banks on 9Th street.-the second National the Ma
tional Bank OF the Republic the Central National.
and the Bank OF WaShngton-were found quietly
doing their usual business this afternoon. being
entirely unaffected by the rumor. Mr.. Norment, of
the central National, said that the National and
other down-town banks were not the least affected
by the suspension and he saw no reason whatever
TO doubt the stability OF the downtown banks
rms sentiment Was voiced by officers OF the other
banks
HISTORY OF THE FIRM.
The firm OF III. ID. Cooke & Co., which suspended
to-day, was established In 1873. The name OF
Cooke has been Intimately identified with the
banking interests OF the city for many years. Mr.
Henry ID. Cooke was a son OF the late Henry ID.
Cooke, and nephew OF Jay Cooke, the once cele-
hrated banker. Mr. Henry ID. Cooke. Sr. was
member OF the banking firm OF Jay Cooke a. Co.
which tailed In september, 1873, causing one OF
the most memorable financial panics ever expert
enced In this country. He was also president OF
the First National bank OF this city, which was
located on 18th street, and which fell In the
crash that followed the Jay Cooke failure. He
was highly esteemed as q citizen, and when the
territorial form OF government for the District was
adopted, In ls.1. was appointed as the first gov
ernOr OF the District, In which Office he was sue
ceeded by Alex. r Shepherd. Mr.. Cooke, ST., died
ABOUT four years ago. Mr. Henry d. Cooke IT,
under the presidency OF his father. About q year
after the failure tn 1873 he began banking business
for himself, being first associated with Mr. John
sherman, a nephew OF Senator sherman Subse-
quenty he was in business with Mr.
Lester A. Bartlett and other gentlemen, the
name OF the firm being II. ID. Cooke a. Co
He formed his present partnership about q year
ago Mr Cooke has been considered "a one or the
ahlest and brightest of the young business men OF
his present reyerseS have called forth expressions
OF sympathy from every side. When the condition
OF his affairs became known this morning the sum
OF $4,000 was rendered by bankers TO tide him over
nlS 0IhcuitleS, but WAS declined. The firm, IL is
stated, had no connection with any New York
house. such as would involve il In the suspension
Ihe business has been largely a brokerage buSi-
ness and II Is said the largest creditors persons
VINO nave been Specializing through the frm.
Mr.. Cooke was ia New York yesterday .and coming
home on the train seemed TO be In such good spirits
as TO preclude the idea that he had any knowledge
that the house would close. At the depot he was
met by Mr.. COrSOn.