Arizona weekly citizen., 1884-05-17

in Chicago, died in this city this morn ing, age 75. He had been an invalid for ' number of years.
 NEW YORK, May 1A-GeOrge Jones of the New York Times says: General Grants fund of S2J0,000 IS absolutely safe. Hitherto We have paid the inter est annually on the first of each year. He found the General in possession of S15,lsO interest in full on the invest ment. Hereafter we shall pay him quarterly, not only because he needs the money. but because We do not mean that any one shall lay their hands on 1t. l was~with Gen. Grant on Sunday and he was iD complete ignorance of the i'm pending disaster. Other than thIs fund he does not possess a dJllar and more than that. he IS deeply and almost ire trievably in debt. What he dii in Wall street he did for his sons, and it seems sad that this man who has done SO much for his country should be left in bis old age dependent on the nation he helped to save" Julian T. Davis has been ap- pointed receiver of the assets of Grant < Ward, the suspended brokers. !.
 NEW YORK, May 1.-The scene at the stock exchange was one of intense ex- eitement this morning and there was a rush to sell stocks. Brokers We're unable to meet engagements. Bsfore 1915 Nelson, Robinson k Co, and Golf & Randall announced suspension. The Western Union dropped from 3l to l i5; Union Pacific, 25S to 43; Northern Pacific preferred, 3ls to 47; TranscOa- tinental, f to II.
 RAGGED MARKET.
 NEW YORK, May 1L-I1 a. m.-The stock market ragged; failures have stop ped for a moment but the air IS thick with rumors of further suspension. There are few who know precisely where they stand and the situation Is strained.
 ANOTHER BANK FAILURE
 NEW YORK, May 14.-Ihe national bank examiner has pronounced the Sec Ond National bank solvent. A. M. BO- gart & Co.,, baubers, suspended. Nell son, Robinson & O. announce all active stock carried by tbem were sold yester- day, and the people carrying them ID loans need not be alarmed. as they wIll show theIr books, proving the money Obtaued for them. J. c. Williams, bruker, says he wlll announce his sus- pension later m the day.
 Hatch < F Ote have announced theIr suspension a: the Stock Exchange.
 FINANCIAL PANIC.
 NEW YORK. May I4-NOOn.-A meet ing of the Clearing House Is called for l 30 p. m. to-day to consider the finBn- cial situation. The banks are crowded with anxious depOsitOrs, and 1t is impOs- slble to get near any one Tn authority.
 THE SITUATION.
 NEW YORK, May 1.-The excitement k increasing. At the custom house both the sidewalk and carriage way are impossible, and ut the doors of suspend ed houses the masses of humanity are denser. Many discOnsOlGte faces gaze at tue closed doors. Among the crowd are seen several well dressed ladies; some arc present from motives other than curiosity. Thenews ol the disaster seemed to spread with lightning rapid Ity; private carriages and hyeried ser wants from up town are flying through the streets and many now stand outside the doors of banks and banking houses. The directors of nearly all t. 3 banks are either in session or at present in build ngs ready for emergency. The doors of the stock exchange are guarded by polic-m Visit rs to the gall, ries are clear and none are admitted tO the builiing except members or the clerks and messengers, beciuse the crowd rndeavOring to gain admIttance k too large for the capacity of the building
 CHICAGO MARKET DECLINING.
 CHICAGo. May 1.-The session thus lar on change to-day has been .umultuous.oyer the depression on Wall street which has had its visible reaec- ton here and accompanying downward tendency in stock. Great decline in prices occurred in the gram market
 CLOSED THEIR DOORS.
 NEW YORK, May 1.-The MeiropO- lltan bank suspended and their doors are closed; George I. Seney IS presi- dent O. M. BogHrt X Co. assigned to JnO. Wheeler; prefereDee SS6.OOO.
 FoLGER ORDERING THE DTMEDIAiE SALE
 AND PAYMENT OF BONDS.
 NEW YORK, May Secretary of the treasury FOlger IS m the city and tele- grapbed to Washington ordering th., immediate payment oi the l27th call for rOnds, and If necessary he will order mother call for Sll.OO0OOO The failure nf Hatch S FoOte was preciPitated by the Phenix bank refusing to certify checks.
 SENSATIONAL RUMORS - CATCHING THE
 INFECTION.
 NEW YORK, WALL STREET. May I4- l2%D D. m.-There is a seusatIonal rdmor affecting the sOlvency of several 1f the banks. but upon investigation proved them fulse, except in the instance pf the Metropolitan. The oil exchange caught the infection very coon end panic prices ensued and dropped ten points
 Secretary Folger says the break is due O tue reckless speculation by a few men, and the situation Is not inherently weak; be will do rything iD his power Co prevent etrirsency. He stated that there was plenty fl money in the coun- ny: "l do not anticipate any extensive panic. The situation is not as weak as neoPie suppose. l shall do anything in my power to restore confidence"
 A telegram from Twenty-third street | reports three lines of deposItors.
 SAN FEANcIsco, May 1.-The Odd | Fellows are blessed with splendid | weather; the day for publlc demOnsta- | ton IS all that could be desired-the | sun shining brightly but not too warm. | The day having been proclaimed legal | holiday by Gov. StOBeman, all business | Is suspended. From an early hour the | streets were thronged with sight seers. bent on amusement. A large number l of visitors from neighboriDg towns and | cities are present. Buildings are gaily | decorated, and flags floating from houses | all over the city. TWO hundred and | uinety-tcur lodges are represented. The | procession will be the most imposing l Ofd Fellows demonstration ever held m | this coast.
 Puuctuaily at the appointed hour. ll35 this morning, the procession | started on its hne of march. Both sides | of the streets. windows, balconies and | roofs were crowded with spectators. Every lodge in the State had repre- sentation m the procession. It Is esti- mated that SIX thousand people were in the parade. They arrived at the corner of Seventh and Market steets when the corner stone ceremonies were performed. The different divisions took m A pOsi-