Daily Los Angeles herald., 1884-05-17

West and cooperate with them la the
protection Of the lite and property Of tho
Spanish Consul.
The Excite nent In Brooklyn Over
The Atlantic Baak all Right.
New YoRK, May 10. The excite
ment at the several Brooklyn banks has
calmed down. The Atlantic State Bank
was open to-day but no business was
transacted. Tue Bank Examiner got
through last night. lie found every
thing right and the capital of the bark
improved.
AGairs ON wall street.
NEW YORK, May 6.--The meeting at
the Clearing House to-day resulted IN
decision to loan to members of the As.o-
citation all the money required st par on
pledge OF government securities. This
will, it is thought, help materially to
case the prevailing stringency OF money.
A visit to the various banks on Wall
street found matters progressing m the
usual routine. At the Metropolitan
Bank business was going on as bstore the
temporary suspension oil the bank. Bus
mess at the Produce Exchange was rath.
or gloomy. shippers operations are
checked by the extreme difficulty OF sell
ing sterling exchange. Prices are all
lower and tending downward
Confidence Restored in wall
street et-OperAt0rs Jubilant.
Ngw YORK, May l6.-Whilc there
were frequent reactions and at times
feverish feeling under fear OF further
failures, the market showed q hardening
tendency, and US 3 o'clock approached
aud there was not only no further fail
ures but the favorable conditions multi
piled, there was g,eat Improvement IN
prices and large demand Tor stocks, the
day closing in whirl OF buoyancy such as
has not been Witnessed tor some time.
The upward movement was stimulated
by the fact that tho Bank OF New York
had loaned 100000 on government
bonds. and was willing to loan more on
the same security; that the Clearing
House had issued $50, O00, 900 in cert,h
Gates and expected to issue large
amount more, aud that considerable
gold had been ordered from the other
side. An additional important factor in
favor OF the improvement and easing Vi
the money market was call loans hav
ing declined from per cent. per diem,to
. and o per cent. per annun, with more
liberal supply OF aioney offering. The
change from depression TO buoyancy late
in the day was very marked. During
the day considerable money was received
from all points and investors also brought
heavy amounts into the street to buy
stock
The situation at the hanks.
NEW YORK, May l6.-The run on the
Emigrant Industrial Savings Bank
abated to-day. $4,000 was paid out
yesterday.
The Greenwich Savings Bank run is
ended. There ia steady run on the
German Savings b INK, mostly women.
There were many deposits and but few
drawing ont at the Second National.
At the Bleeker Street Bank the run
was confined to Italians. There was o
run ON the Seaman's Savings Bank, but
the deposits were paid.
Securities Turned Over by Fisk
4 Hatch,
New YORK, May l6.-Fisk & Hatch
to-day turned over 81, .00, 900 securities
left with them for safe keeping, and are
prepared to return all securities deposited
with them rs collaterals on loans as soon
as the latter are paid of.
1t seems to be the general impression
in Wall Street circles that all danger of
renewal of the disturbances of the past
few days are over.
Few bonds OHered ON Folger's
Caii-The Panic Over.
New YORK, May 10. - The Sub.
Treasurer here reports only $l09.-
600 in bonds offered for redemp-
tion under Folger's proposition to
redeem in anticipation of the
date of the call. The Clearing House
banks have agreed to advance $50,
600 on government bonds, if necessary,
to protect the market. All evidences
go to show that the period of semi-panic
is over, and that monetary affairs will
gradually return to their accustomed
condition.
Gard From Donneli. Lawson 4
| simpson.
New YORK, May l6.-Donnell, Law
son h Simpson, who failed, handed this
card to the Associated Press reporter:
| 10 our Creditors. SIRs-It is with
great sorrow we are compelled to report
our suspension, which has been brought
| about by "A combination of circums, ances
over which we had no control. We can
only request those having claims against
US 10 exted such consideration and in-
diligence as is possible, as. otherwise,
our assets may be sacrificed to prejudc-
al parties. As the best means of realiz.
ing from our assets and securing
| our creditors, we have made as
slgnments of all the assets of
the firm; also the individual assets
of each member OF the firm wherever
situated to our confidential clerk, r. II.
Mems, who has been in our employ for
| twelve years, and is as well acquainted
with our business and the character Of
the assets, as any member Of the firm.
Under his management. with the as
| firm, who propose to give him
every possible aid in executing his
trust, we feel warranted in saying that,
by this means, every dollar that can
possibly be realized will be secured. We
hope TO be able to pay all our liabilities
il onr business is prudenily managed and
our assets are not to be sacrificed, and
we hope you will concur in and endorse
the plans proposed. tSigned
D0sNELL, LAWSON & SIMPSON"
Each mail brings in remittapces to the
firm, which are being turned over to the
other banks as fast as instructions are
received.