Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1884-05-23

lirely except for cash customers, not daring
To run any iisk in the feyerish condition of
affairs
1t was quiet at all the Savings banks to-
day but there was something of rush al
tie GermauiA and large crowd of women
were there waiting their turn. The teller
was Paying nothing but gold. eve pay
| them oil in god" said nm officer of the
bunk, "hnt they will be Bringing It back in n
few days"
1t seems to be the general impression in
Wall street circles that all danger of a con
tinuance of the disturbance of the past few
DAYS is over. CYRUS w. Field in an interview
to. day SAID. prices are now go low that no
further decline ought to happen in any really
good stock, and the country has every reason
to expect prosperous year. see no reason
why there should not be a great business re-
vival during the coming season"
II. G. Hardy said, II have always kept
my fig flying, and will to day. The present
condition Of the market for all classes of
securities rendered it practically impossible
to continue business but think the terrible
strain is over Our assets will certainly
equal our liabilities" Hardy s. Sons liza
bililes are said to be 100000 Director
assured by Examiner Serbia that all the
depositors would be paid in full
The Stock Exchange governing committee
this afternoon decided to elect new pres
dent in place of A. S. Hatch on MonCay
Russell Sage is reported rs saying that he
had up to the present time settled more than
three quarters of his puts and that he would
continue to settle them as fast as possible
Donnell, Lawson 81 Simpson have issued a
notice to their creditors asking that indul-
gence and consideration be extended them
that their assets may not be sacrificed. They
announce an assignment to their conf1drn-
tial clerk, II. Ii. Weems, who has been with
the firm. 10, years and is thoroughly acquant-
ed with their business. They hope to pay all
their liabilities If the business is prudently
managed.
The representatives Of Fisk & Hatch this
afternoon denied that there had been any
irregularities in the business transactions of
the firm. They said there had been no by
pothecations of securities nor anything in the
transactions OF the firm which would not
bear the closest scrutiny. The officers OF the
Bankers and Merchants telegraph company
deny that the failure of Dlmock stopped
work in extending its lines.
John G. Enos Method of Getting
Money from the Sank.
New YORK, May 1S.-The method pursued
by John G.. Emo, ex-president OF the Second
National bank, in getting money from the
bank is said to be founded on the fact that the
bank had vault in down town safe depos.
itorv, for the safe keeping Of It's securities
Of which Emo had the key. Emo would stay
down town nearly all day and when he
would lose 500 900, 5000, 900 or $780, 900
as the case might be he would givea check
for the amount on the bank. When h.
returned to the bank he would write
his name upon slip of paper
and hand it to the cashier and
say he had made loan for
The amount and to the person indicated on
good securities, which he had examined and
Deposit in the banks compartment in thu
safe deposit. He generally would enumefatr
the securities upon the slips of paper. Ia
that way he lead the cIshicr, whose integrity
is unquestlunei, to believe the money had
all gone ont on loans in the regular course of
business.
Che Newark savings Sank and Fisk d
Hatch.
NEWARK, n. j., May 1S.-It is stated that
negotslions are on foot, with strong promise
Of success, for the settlement of all matters
,...,.r
~ '"o "'N' en'o o''"o'" l 'SN " 'i"l'" anu
the Newark savings institution If these
regulations can be carried through. the firm
VII shortly resume. The basis of the nego
Ia r,ls ~ 'tIe secu'irg 'il'' eh.,'e cain Oh
Nv ON = 'i'a van '.''ue 'ue "ePo9''o'
must ''o'''o pf'nlc'' Id '"il'
'he Financial situation !" Other
POINTS
NoRrnLK, Va, Nav 1G. - Henderson,
u,n,sr, hr,,,.rs ond ,,r,;o doo,,ra no
- 10
Slvned To-Day Win liabilities OF S3ooOO
| The failure of II. G.. Hardy & Sons. createC
some uneos,ncss umonc the d.no,;,oro of III,
Farmers hank Of This citv the nresident ~
which 10 tho SON # n r. Uor5,, A el;nh
run began by depOstors who were prompt,
paid. At the close of business confidence,
| etmod entirely restored.
| Rosrov Nav 1eUr 70 , fou, r,;r,,,o
before the fa;nre il 10 annornced that r A
Uonley b % rocoirod dnrnsi,s - s'' nu o, q,