The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1884-05-20
twenty-five, principally boys and clerks.
There was only one lady among them all.

connected with Seney In most oil his specu-
laIiOns, states that one of the immediate
causes Of his embarrassment was that he
loaded up with large blocks OF Atlantic
and Pacific income bonds, and ST. Louis
and San Francisco securities on which he
was unable TO realiz", Seney was also
stuck with lot OF Ohio central forced on
him at high figures on representations,
which proved TO be false. His resigna-
tion from the presidency OF the metropol-
itan bank is regarded as wise as il leaves
him freer 10 act for the best interests ct his
personal affairs. A. w. DimmIck Co., In
assigning to Geo. Putnam Smith gave
PREFERENCES IN FAVOR OF DEPosIroRs
to whom they owe 81 900 or less and order
the creditors of each partner | aid out of
their individual assets. The surplus, If
any, of individuals is TO be applied TO
helping in the reduction of the company
% partnership debts. The firm consists of
Anthony w. Dimmick and Arthur V.
Dimmick
At2 %. 10. there was 9 decline in govern
ment bonds, due, il is said, 10 the fact that
holders are anxious for cash and are SELL
ing. Money outside the stock exchange is
per cent per annum.
Hopeful signs continue 10 the stock
market although weak and in no way ex-
cited.
THE BUSINESS Is SETTLING DOWN
to its accustomed steady pace. The COM
mission house reports orders 10 buy and
room traders are beginning 10 renew their
ventures.
The rush on the Second National bank
has about stopped. There were las depos-
itors to poon. The clearing house has ar
ranged to pay all the Second National
debts.
THE METROPOLITAN RESUMES.
New York, Nav l5.-The Metropolitan
bank has posted notice that the hank
examiners having made an investigation,
the bank will resume business at IL o'clock.
Henry L. Jacques is elected president Of
the bank in place OF Geo. i Seney, who has
resigned.
NEW YORK NOTES.
New York, May 15.-Kierpaus Agency
says Davis & company received orders
from London to buy both stocks and
bonds.
The London market for American secur-
tiles is advancing with the feeling in the
stock market strong and higher, the conse-
quence of the resumption of the Metropoli.
tan bank and the action of the clearing
houses Prices have advanced one-half TO
four per cent. The failure OF of Dimmick
& Co., has but little effect
JAY GOULD STATED
to the Tribune that this disturbance is a
senseless thing; il comes from a fear Of
each other by the banks and brokers,
think. rather than any thing else. The
general
CALLING OF CooNs
is wholly unnecessary and foolish. | sup
pose the banks are a little more cautious
ian usual on account of the loss accident
ally suffered by the First National last
week, but l think the worst is over. The
people will regain their senses and there
will be orders here from all over the coun-
try from persons eager to pick up bargains
ery one will see there can be no panic
while the banks stand together. / am
sure all this excitement is at an end. Gould
continued Il never expected to see The
Western Uuion sell below so, however.
The company is certainly earning its diyi-
dends and this trouble only adds TO its bus.
mess. | should suppose some brokers
might have realized that fact.
RUSSELL SAGE Is PAYING
all demands on privileges. The report
that he had shut down on the contracts was
started by somebody ignorant of the ways
of the Street. The only contracts he refused
~, rIar .rh oh n
usual one days notice were not given.
A. NJ. DIMMICK SAYS,
the trouble In his bank was caused by their
inability to raise money on securities. All
their customers accounts have been profit
able George Putnam Smith was appoint
ed assignee with preference 10 their GUS
TONERS.
RECEIVER DAVIS REPORTS
the liabilities Of Grant & Ward, so far as
he has been able TO ascertain at 4,oOl, =
53I: collaterals held by creditors, between
SIC. 100000 and Sl2,Oe0, 0e00, leaving an
Indebtedness of between $1,000
300 and S30O0.O00.
A Washington special says: The friends
of Senator Chaffee, who is in Washington,
said,
cHAFFEE WAS ONE OF THE GREATEST SUI
FERERs
by the failure of Grant & Ward he lost
every cent of his available resources. Last
wear he considered himself worth nearly
$500, 900, of which 100000 was in Color.
ado property, which has greatly depreci-
ated and is not now marketable. Al the
time of the marriage of his daughter with
Buck Grant he had 81 100000 in cash Sc
curities. When his daughter married he
gave her $500, 900 in bonds. These were all
put into the firm of Grant & Ward, and
every dollar of them is lost. Chsfiee, him.
elf. in street speculations during the past
year, lost 100000. A month or SIX weeks
ago he had
HALF A MILLION IN CASH
securities. Just before be made his last visit
he took his money and gave it to his SON.
in.law to keep for him during his absence.
Ii was not an investment nor was it for the
purpose of securing any investments. Ii
Ia,oo,foJ NTH Grant az n 4 rusf