Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-05-17
The Tn deposits amoon. 70 sboa, sI.7oo..

William Lammis. VINO has bA,oD
acting president of the sso.k Er.ba,,
tnroueh ths failure of FISK n He,
said The failure will have nnc
less effect on toe street thu, i. osna-
ally Supposed. Il ia rntortouate !
that u gives another shoek 81 pobI,
couf1dence, bat | don't balieys i vi
involve any other house,
DoNSELL, LAWSON q Simpson.
Donnell, Lawson 4 Simpson handle
tbs card to an Associated Press -
porter
/ 10 Our Crefitors- SrRs n ia viii
great sorrow that we are coupelIed :,
report our suspension, which mas bee,
Drought about by Combination of eir
cumstances over which We had no con
troi- We can only request those nav
ing claims against us to extend sncg
consideration aud indulgence as is MS
sloie, as otherwise our assets nav n.
sacrInced to the prejudice of all mar
ties- As the best means Of ra.iiT,r.
iro1 our assets and securing our cred
itors. We have made assignments az ali
! assets of the firm f: also of in
uiNld1si assets Of e4ch msrni,a,
vi the firm. wherever sisqqted. 70 90,
c'hndentlsl clerk, X. II. Sesns xho
mas been In our employ for - wears. and
II as well acquainted with our business
ara tue character of the assets "a any
motnoer of the firm: and uudsr his
IN tnagement. With the sssistanc. ~
every member Of the firm, who nrooose
10 give him every possible aid in eve.
ehtln2 his tra+t. W. feel warranted IN
s,Ylng thai every dollar that can p3ssi
My De realized will he s-cured w.
hope To pay all our liabilities. n onr hna.
insss IL prud-ntly managed and our IA.
sets are not TO be sacrificed. ana W.
nope .you will concur In and endorse
the plans proposed
DoSsELL, LAWSON & SIMPSON.
Each mail brings in remittanses ,o
tue hrm, which are being turned over
10 Other banks a. fast as INSTRUCTIONS
are received.
risk d Hatch today turned over So
oVV,Uo OF securities left with them for
s,te keeping, and are prepared 10 return
I'll Securities deposited with them a.
coiIater sis on loans, as soon As the after
are PAID on. Ii seems to he the general
Impression in Wall street circles that
All danger OF Continuance of the dis
iuroaiices OF the past few days is over.
INTERVIEW WITH c. p. HuSrrSoroy.
G. p. Huntington. President of the
Chesapeake d Ohio Railroad, was inter.
viewed eg4rdlng the s,stement that
FISK q Hatch were embarrassed through
holding the stocks of that road and
Central Pacific. He responded: The
repirts are untrue. know the firm
has not any Central Pacific, and think
II cannot bold any Chesapeake Il Ohio.
unless II ~ some that II had before the
panic of 1873. rhe firm sold most of
lfs Chesapeake K Ohio at high prices.
but may have some still; possibly
thousand shares"
RUNS ON vARIogs BANKS.
The run on the Emiprant industrial
Savings Bunk Abated today; $3.50 600
W . paid out yesterday.
The Greenwich Savings Bank run is
ended.
There was steady run on she Ger
m IN Savings Bunk today. most of those
drawing being women.
There were many depositors, bnt few
OF them were drawing ont at the Second
National.
At the Bleecker Street Bank the run
is confined to Italians
There is run on the Seaman's Saw
ings Bank, but deposits are being paid.
WHAT THE TRIBUNE" SAYS.
Tribune editorial: There is a gen
eral feeling that the worst is over.
There is universal caution. and tn .ra is
no evidence that this has
been, nor will develop into. anything
more than a stock speculation panic.
RUSSELL sAaE's POSITION.
NEw York, May l5.-From the Tri
1aHe of Friday: Ii vas learned last
night that a high officer of the Stock
Exchange had been in consultation with
Russell Sage in regard 10 tbs iatter's
position on his pats" The claversa
lion was of most rets'uring kind.
Sage asserted that he had met all his
privileges with no greater obs,rnot'ou
han was justifable under the condition
1f affairs. The sums be had paid out
recently, he said, have hsen of mnoh
benefit To the market. Yesterda alsne
10 had paid out over $SO0.00D on his |
puts" Mr.. Sage's action, 1t WAS said. |
would lift one of the clouds which ava |
hung over the situation.
SUSPENSION OF AN ATLANTA BANK.
ATLANTA, May 15.-John II. james,
banker, announces that he will not open |
ioors tomorrow. He has control of real |
to the amount of xJ00.000. which |
le will offer for sale at once and which |
Rili more than meet the liabilities The
associated banks and bankers of Allan
a tonight rendered assistance. which
lanes declined.
REVIEW OF THE DAT.
Governm snts are frmsr in the af
.rno,,n aud the a:30 call, 4lss were
higher ut Ill and ll2i4, and ~ at llsbS
md li9; IS traction lower 1t lOJ
Railroad bonds were not specially
Iotive in the forenoon, except fes
peciAl features, though prices generally
we're lower, aud In some Gases declines
rere important In the afternoon
Northern Pacific firsts declined 4 Il Z
stocks opened irregular in the malu
md weak. on 40 ,ouut OF tas failure of
Fisk & III Itch Thursdsv. The first
al -. for the most part. were at con-
,-ssi0n of y to N per cent. Western
lnion and Uniou 2 20 q we're. however.
higher. and before the first call thare
VAS sharp upward turn IN which ia
mo NJ nj rose ~ par cent. TO 36ls, and
Western Union ~, to 5tsl Spscult
iop Was favorably at acted by the
weakness of sterling exshsag-. tn
pressure 30 sell exchange Vas unsoa-
monty great. owing 20 the largely "a
,re,sed supply of bills wade agsinsi
,urch ased securities for European no
,ount aud partly because OF the dssirr
II foreign houses to employ funds ia
his market at the high rates obtain
abla.
The buying Of stocks for foreign 40
,ount was again quite heavy, there he
ns a good demand. Retween 10 600
and $1,000 shares were taken for To.
other side. About III n. IN. there WAS
he announcement of the failure OF ii.
.. Chardy 4 Sons, bankers aud bFos-
,rs. aud there were rumors that prom
neut hou,e was in trouble. Abous this
Iipe the failure of the Newark S,vinSs
institution was ANNOUNCED, and drive
vas made against Lake Shore aud N.S
York Central. The former broke eight
soints to 81 and the latter IS to l0Is |
Among other active shu es. Gan dl an
Al Al