The Palatka daily news. (Palatka, Fla.) 1884-1888, 1884-05-17
TELEGRAPHIC SPARKLES.
THE LATEST NEWS FROM ALL
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The Financial Crisis in Wall Street.
Fisk & Hatch's Failure---Other
News.
NEW YORK, May 15.-Henry L. JAG
ques has been elected president Of the
Metropolitan bank, in place Of George I.
Seney, resigned
The Metropolitan bank has resumed
business and is paying out to all deposi-
tors presenting checks. Even before the
hour named for resumption the paying
teller opened his window, and the first
man in the line received his money. This
individual was an old weather beaten
man, who evidently drew out all his
holdings, as the pile of greenbacks hand
ed him made a goodly show, and were
carefully slowed away in his inner pOck-
cts, after many glances at his neighbor5
ofwhose probity he was evidently by no
mean certains.
Fisk & Hatch have suspended. The
firm is composed Of A. S. Hatch and
Harvey Fisk. Mr.. Hatch was recently
elected President of the Stock Exchange
by a unanimous vote. The firm has been
among the heaviest dealers in govern
ment bonds, and were generally consid-
cred a staunch, conservative, and thor
oughly reliable firm. They have been
recognized as fiscal agents here of the
Chesapeake and Ohio Railroad and the
Ehzabethtown, Big Sandy and Lexing-
ton road, and have carried heavy amounts
of the stock of these roads while the
market has been declining. They have
sons and sons-in-law in the stock bust
ness.
Among the bankers who had received
orders from London and the Continent to
buy American securities in this market
are Belmont & Co., j. G w. Seligman,
Drexel, Morgan & Co., Morton. Bliss &
Co., L. Won Hoffman & Co., Kuhn, Loeb
&C Co., Ladenburg, Thalman & Co, j. H
Davis & Co., and J. d. Probst & Co. 1t
was feared the European orders would
be to sell, and great relief was felt when
it was found that the reverse was the
case.
NATIONAL BANK OFFICERS TO BE IMPRIS-
ONED IF THEY SPECULATE.
WASHINGTON, May 15.-The following
is the text of Senator Cullom's bill intro
duced in the Senate to prohibit specula-
ton by officers of National Banking As
sOciations;
BE it enacted, etc, That it shall be I'M
lawful for the President. cashier, teller
or other chief executive officer of anv
national banking association having
capital stock of the amount of $500. 900.
to deal, trade or otherwise engage in
speculation III stocks, bonds, or in grain,
provisions, produce, or oil margins on
his own individual account or for his
own personal profit either directly or in
directly, or to have any partnership or
other financial interest in operation in
any private banking or brokerage firm or
business.
Any such officers who violate the pro-
visions of this act or any persons who aid
or abet such in violation to the provis-
ions of this act shall be deemed guilty of
misdemeanor and be imprisoned not less
than one year nor more than five, or
fined not less than 81 900.
HE DESERVED HIS FATE.
CHARLESTON, S. c., May IA spe-
cial despatch to the News and Courier
from Cheraw, says w. Began Cash, the
fugitive murderer of Town Marshal Rich
ards, was killed this morning about 1870
while resisting arrest. The posse was in
charge of Deputy Sheriff f. T. King.
One Of the posse was slightly wounded,
and one of Cash's associates was wound
ed severely. Governor Thompson re
ceived the following at 10 o'clock this
morning:
"CHERAw, S. c.. May Is.
: ITO Governor Hugh $. Thompson:
Il went with my posse last night 10
arrest W. B. Cash l Instruction. men
- to fire unless absolutely necessary. I
grounded the house and barn, placing
wo men between the house and barn
and two men between the barn and
swamp. Finding Cash was in the barn,
l ordered it surrounded. Cash came out
and fired on the posse The fire was re-
turned, and after Cash had fired several
shots he was killed, being riddled with
bullets. None of the posse We're struck
except W. II. Hilton. whose fingers were
shot off by Cash.
CSigned), ''E. T. KING,
Deputy Sheriff"
Miss Florence Gerard, a pretty and
graceful English girl, came over at the
beginning of the theatrical season now
soon to close, and began to win applause
at the Fifth Avenue Theatre, in New
York. One morning, during the winter,
she slipped on the ice and injured her
right knee very badly. The wounded
member has continued to grow worse, so
that the surgeons now threaten amputa-