davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
COMMENTS AND INCIDENTS.
Holm IACOR ASTON FULL on HOPE.


John Jacob Aston was seen at his house last
evening by TRIBUNE reporter and asked TO give his
views of the financial situation. He talked freely OF the
outlook and expressed hope that the worst Of the
panic had passed
81 pleased TO soc that the banks
have determined TO stand together and and
each other" he said al believe all the banks are
perfectly sound. know this be true 10 the case Of
many OF them although l have personal dealings with
but one-the Bank of Commerce"
what seemed you 10 have produced the present
excitement and failuresf
at has been growing for long time. The prices for
many securities kept dropping and dropping Many
have pockeed their losses and stepped out, other
men have come in and lost in turn Then the failures OF
Grant Ward and the Marine Bank were hard blows to
the market One factor the troubles is found In the
building Of railroads which have negotiated loans
and are not yet a solid and paying basis. These
securities have been hard to hold up and hard to realize
when the holders were pressed The want OF conf
dence which is shown times OF panic Is hard to
''Do you think the most trying time is overt"
a" hope that II is but antiepate that there must be
f large blocks Of certain stocks These viii
sound bottom is reached. 1 do not know who these
men are but that Is my IMPRESSION am not actively
How about the general business outlOokl"
am Informed that business Is good ana IN healthy
general business depression Government bonds OF
perfectly sound Inc SAVINGS DdnKS,
the Established in this city entirely sound,
and poor peope who money In them should feel
alarm, The best securities-nTstclass railroad stocks
have not been affected much by the recent excitement
There "a plenty OF money but people do not
know whefe place it, In this respect the situation
different the pancs OF S57 and 1873" "YOu have
heard OF lie failure OF Fisk Hatch r. Yes saw 1t
in an evening paper. have idea OF its cause, but
was yer, sorry 10 hear OF IT, / acquainted with Mr..
Hatch and know the firm was highly esteemed"
In reply 10 question about the effect
on real estate, Mr. AstOr said the iniu-
euce OF the panic would not be felt there until
( fp rs "A ID
were unfortunate in business the HORSEPOWER would also
suffer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
"JEFE.v DAVIS MAKES 4 REMARK OR TWO
THE BANNER or THE LOST CAUSE" ONCE MORE
UNF ,'RLED-TALKING AT THE WRONG TINE
IBY TELEGRAPH TO TIE TRIBUsE.l

THE BANKER or THE lost CAUSE" ONCE MORE
rRLED-TALKING AT THE WRONG TIME.
IBY TELEGRAPH TIE TRIBUNE.l
ROME. Ca, May 15.-Ibere il to be military
cncampment troops here in July next Arrange
ments been made to make II revival OF the mill
tary spirit among the young OF the South Among
those whose presence promised was Jefferson Davis
This morning The COure,, under headlines Brave,
Manly Letter from Our EXIrcsdent," prints the state
ment that the ex Confederate chefJan cannot come In
his letter Mr. Davis says: "TLe inducements you offer
arc to NE most attractive. To the veterans Of the
war for State sovereignty and the soDs Of
those who so nobly maintained the cause
would be 10 pleasure, OF which II
is with sincere regret that find myself deprived. Borne
down with overwhelming numbers Southern resistance
to wrong and usuipation proved uhaVaug put DeleN-
ING did and do that the cause just that we were
but asserting the eternal truths on which our fathers
founded American independence. ana which sooner or
later hope and believe the American people VIII reaasert
cannot admit that lost cause. III may hOl ne
i hope it never will benecessary to vndicate that
cause by force OF arms. but wien the passions
OF the day have subsidized, and reason mas
replaced truth upon her throne, ours VIII
again he recognized the Union of free sovereign and
independent states hem together by common interest,"
and the noble desire 70 transmit the bic sings OF liberty TO
pOserity forever" ,,,,,
There il no crlngng fawninc about the grand oid
Confederate statesman His uttcranceS are always IN
keeping with the grandeur or bis ie His motto mas ever
been hew 10 the line, let the chips fa where they Will
and moi single act I'm his life viii belle the principle he
teaches Long the glorious old hero live the pride
of Southern chyalry" The comment on the letter by
the people that Davis always speaks at wrong he
that As the Presidential election draws he has 10
lar exploded political calculated 10 make people
think that there may be design Ii the old man yet
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
BEYOND THE MISSISSIPPI

FAR REACHING EFFECTS OF THE FAILURE OF Don
NELL, LAWSON SIMPSON.
ST. LOUIS, May 15.-Bankers and business
here have apprehension for the future. Con
siderable attention is attracted, however, to Donnell,
Lawson Simpson, and there ia much desire to know
The condition of that firm and what its future action will
be. 1t has intimate relations WITH and is the CORE
spondent Of nearly hundred banks in Missouri.
sixty Kansas, thirty forty in Texas, aud has nu-
merous connections in all extreme Western States and
Territories Their Indebtedness to Western banks may
run into millions
s. V. Stephens OF Bonneville, estimates that in Of
the complete failure the firm the loss to Missouri Will
be fully naf million 1t is also feared that the loss to
Texas banks will be heavy dispatch from ST. Joseph
that attachments have been laid DonnePs prop
erty IN that city to the amount of 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
EUROPEAN VIEWS OF WALL STREET.
OPINIONS or BANKERS AND THE PRESS IN LONDON


IN THE CONTINKNTAL CENTRES
LONDON, May l5.-The agent OF the Asso-
cated Press this morning called upon the leading London
bankers having important American connections with
view 10 learning their opinions concerning the panic yes
terday in Wall Street. The feeling generally expressed
OF confidence that the panc should De- considered
a merely local occurrence. They were positive It would
occasion failures In London either inside or outside
the stock Exchange. The general soundness OF the Imam
cla situation here eynced by the fact that there have
not even been moIs OF large failures. The remarkabie
decline OF American securities IN the past few days has
attracted class OF investors into the market who
stimulated also by the ehoapucss OF money IN Lug
land Germany ana France. One prominent banker said
that 1t was amng how ltte real stock being sold
here, but, he SAID. the "bear" sales Were immense
The market shows strong disposition TO respond to any
thing favorable from America
The participation bank officials In fraudulent schemes
was severely oensurcd This thing had done more
than anything else " weaken public confidence.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
ALIrTLE EXCITEMENT IN BROOKLYN

Some excitement prevailed the Brooklyn
banks where timid depositors drew out their saw
ings losing interest for three six months. There
was no reason for fear it declared, i'll regard 10
any of the Brooklyn savings banks, but small
crowds of dcpostOrs gathered at each. Probably
the bank which suffered the most was the South
Brooklyn Savings Institution, sometimes called the
Atlantic Bauk, at ClintOn-st and Atlantic ave.
The similarity of the name TO that of the Atlantic
State Bank led many persons TO confound the two,
and large amount was withdrawn by the deposit
tors. When the bank closed for the day many
persons were unpaid. At the Brooklyn Savings
Bank from 1925, 600 to $150000 was drawn out
a sum largely in excess of what is usually drawn.
There were also many deposits made. AT the Dime
Savings Bank, President Hunter said that about
$50 600 was drawn out and 900 put in. The
amount drawn out was about three times as much
rs usual None of the large depostors III any of the
dozen Brooklyn saving banks drew out their
money. .
Mayor Low SAID that the city was never in bet
ter shape to meet an emergency. The situation
was perfectly easy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
DIED..

Tnnrsay May is3 Of co0sfston Of tho
RcaHes 1 s21s a nv 10 aeBd the fnneFs se
vices at the Church Of the Holy TRINITY corner Cnion ant
Montague sts, Brooklyn on Saturday, May II, AZ $50
pm.
CHICHESTER suddenly. at DuneIlen M, on wednes
day, l4th. William +. Chichester.
Notice OF funeral hereafter.
CLAPP-on "Wednesday May Ia 1884. BENJAMIN Clspp In
Relatives and friends attend funeral
North E1iottpace Brooklyn Friday evening, May H. ats
Intermen private saturday morning wooilawD Cemetery
CRoss-In Westerly L. suddenly, John Hobart Cross 10
Pensacola snd galveston. Tex. papers plesseeopy
FLAGGAt Yonlers, on the 18th inst, L. W. Rlags NJ n.
at the First PRESBYTERIAN Church. on Mon
aay the Hg s 6 az ypeT. p on the arrival Of tn,
2 and halt. past O'Clock train from 42dst.
s %l n E Fay ssni q n
Funeral The Ion inst, at Presbyterian Church.
GoRDoN-on Tuesday May 49, Agnes, eldest daughter Of
Sts abS SGa are M invited to attend tho
funeral her late residence No 20 Janest Friday
GREGoRY-At orange Valley. New.Jersey, May Y. Re;
bocea Frances wife Of Dudley Gregory and d'usher ot
e: Church The AssegsGn savs and 10th
HENDRIcKs76on Wednesday, May H. Montague NJ Hen.
RELATIVES and friends ace invited funeral
his late residence 4O4 jthAve on Friday afternoon at
Please refrain from sending flowers
OCONOR-At Nantucket, Mass, on Mondly, 18th inst
F1nera services at 81 Patrcks Cathedral 5thaye FRI
Friends az rospeclfay invited TO attend without further
notice.
la9das Of h Esaffy "SF11i Hy d lY h
St Henry A. Slnythc in the 6Sth yeaT Of his -
invited to attend hls funeral with
out further notice saturday morning 18th inst at Ia
O'clock IRON the Church Of the Ascension 5thave ani
lOthst
II is kindly requisite that no flowers be sent
STILESay IL at her late residence DeckertOwn,
y j. Eyeiue Howell, widow Of Edward A. stiles, aged -
years
WARD-At MOrristOwn. y. j.. Wednesday evening Nay
IA Elizabeth starr, wife Of L. Wau- formerly of tis
city.
Funeral from residence at MorrsOwD Saturday
Nav H. at l. o'clock. ,
Train Barclay and Christopher st. ferries at 1910 m
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16

and wild nmors OF failures In the West were started
subsequently the market regalncd what It had lost only
fall of again. however the announcement OF further
failures In Wall Street. II closed slightly lower than on
Wednesday. There was talk at the Exchange OF aDoE
shng the Gala has already been done In Chicago III
the general opinion that this would be done imme
dately.
At the Cotton Exchange the market opened hrmer the
price being higher than at the close Of business on We'd
nesday. There was little business done bswever. When
the of the failure OF Fisk Hatch reached the Ex
change the market broke somewhat. Al the close May
bad fallen of twelve points and June four points Some
OF the Others had fallen point, others none at all
There were failures at either Exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
AUGUST BELMONT sANGUINE.

August Belmont said last evening: II thihh
we have seen the OF these troubles Some OF thoso
Western railroads may be compelled TO pass dViuenu
but there IL danger that the financial prosperity
OF the country will suffer The banks are all In
a sound condition, and the business of the coun-
try Is in good shape. The action OF the Cieaine
House. and the resumption OF payment by the Metropo.
tan Bank has had rcassuring effect thar cannot oe
by any failure such ss that OF Fisk Hatch have heard
several assigned for this failure. believe I'
they carrying large amount OF Government ~
and the condition OF the market such to-day ,nat W
though worth $l,000,OOO he wouid .i nafo
found 1t almost impossible 10 Obtain "a compara'"0'
small loan"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
DISASTROUS FIRE IN WORCESTER.
LARGE MILL ACKNOWLEDGEMENTS EMPLoYE'
BADLY HURT.

LARGE MILL ACKNOWLEDGEMENTS EMPLoYEs
BADLY HURT.
WORCESTER, Mass, May lJ.-The most
disastrous fire in Worcester for thirty
years occurred tonight The first
alarm was sounded at o'clock, followed i'm
mediately by n general alarm, which called the
entire department out to South Worcester, two
miles from the city, where the Papachoag
mill, owned by George Compton and managed by
Joseph Sargent jr, was found to be in flames. The
mill was of brick about go feet long and in some
portions four stories high. 1t was used for
the manufacture of woollen yarn, and was
running day and night. The fire originated in the
plcker-room and spread so rapidly that many
of the operatives had to jump from the upper
windows. The entire mill was destroyed, and
it was with the greatest difficulty that
the mills of the Worcester Carpet Company and the
Wicks Manufacturing Company we're saved:
The total loss is roughly estimated at
$4,000. on which there is s0 an moo in in
the stock and machinery Eighteen of the employees
in the mill, including James Common, superntend-
ent, were severely injured by jumping from the
windows. several will probably die
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
TO INVESTIGATE WALL STREET.

ALBANY, May 15.-Mr DAILY offered a resolu-
rectng the preamble the d9ordered condition of
affairs Wall Street due to irregularities and frauds in
the misrepresentation personal or trust property
and calling for tho appointment of special Senate com
mitce OF five investigate the causes OF the present
financial situation and to devise legislation, If advisable
to prevent recurrence Of such evils the committee to
during the and report at the next session AZ
ter much debate motion TO refer the investigation to
the Finance Committee carred-yeas II, nays IL
the President casting the deciding vote in favar OF the
motion, on the ground that he did not wish to name
committee himself The resolution was then laid aside
Mr.. DalYs suggestiOn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
EFFORTS TO REACH 4 COMPROMISE.

Negotiations were begun few days ago be-
tween the Manhattan Gould interest and 8 II. Knee
land looking compromise settlement OF the dlfer-
enccs between the Manhattan end Of the Metropolitan
Elevated Railroad. Nothing has yet been concluded The
terms popularity bceTed DE the basis on which the
metropolitan stockholders will abandon all litigation arc
the issue OF eight per cent bonds IA exchange for Met
ropOan stock and cash dividend OF fifteen per cent III
addition Mr.. kneeland last night declined 10 MAKE a
statement except that there we're no negotiations pend
irllfl IiI.An
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
THE EFFECT UPON OTHER EXCHANGES.


= The condition of affairs in Wall Street and the
extremely nigh rates paid for money have caused demon
azaon I'm the petroleum speculation. decline OF about
10 cents in the price OF United Pipe Line certificates, on
Wednesday, followed yesterday by further fall
from 81 to 732 cents per barrel There great alkl-
ETY. felt in the morning 10 whether the settlements
the clearing houses OF the exchanges could be
made without default the part OF OF the bro
kers. consultation held between the officers OF
the Standard Oil Company and the leading members Of
the New-YOrk Petroleum Exchange, and IL was decided
10 furnish What assistance needed carry the clear
ances through without trouble Is understood that the
STANDARD Oil Company furnished aid to brokers
here md 10 the oil banks In the West
10 the extent of 100000 The
strong in the generously lent support to
the weaker result OF the steps taken
the successful settlement OF balances without tne an
nouncement OF a single failure. The SAME policy was
pursued by members Ol the Mining stock and National
Petroleum Exchange, and the American Loan and Trust
Company which conducts the clcirances for thai eA
change extended liberal aid In carry whatever
long oil they were called 10 carry. No failures
were announced at the Mining Exchange. In tie late
afternoon IL practically impossible for holders OF oil
10 arrange the carry ing Of their certificates over night
hui the hope generally felt that difficulty OF mag
utde to-day would De prevented by iocoufso 10 lhe
means adopted yesterday.
The market at the Produce Exchange was
feyers yesterday At the opening prices fell al ttlo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
CONFIDENCE NOT TO BE ARRESTED.

George F. Baker, president OF tue Fllst
National Bank said last night: "Fisk & Hatch are
known al over the country, because of their extensive
advertising. Think ii is fortunate that their failure did
not come when these troubles first broke on us, for
il would then have had much serious effect. As
is think IL will have little, II any think the storm IL
over The resumption OF the metropolitan Bank VIII al
Law any feeling OF dstTust In the banks. | do not
think anyone can forcel what will be the outcome to-
morrow definitely. There may be some more failures,
but my Impre that have the last one for
the present Even II there should be other failures, 40
not Ihpk they VIII have any perccpbc effect in arrest
ing The feeling of public confidence"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
BETTER FEELING AMONG THE BROKERS'.
At the w indsnr Hntel last evening the crowd

Al tDc w 1luSOI llOlti ldSl CNtHibS lHN tiONu
was Of much the character and size Us on the pre-
vous night. On the whole was cheerful assem-
baee the outlook being generally acknowledged to be
growing favorable. None OF he leaders were pres
emit The lines discussion and inquiry were with refer
cnce TO Fisk Hatch and Russell Sage The talk about
the atteTs affairs almost Obscmed even Jay Could the
ony item Of gossip about the latter being the positive
affirmation from number OF good sOuees that he has
been heavy buyer for two days. Tho di1t OF opinion
regarding Mr.. Sage was favorable. Tie explanations
beard OF the Fisk Hatch failure were widely differing
Speculation was alleged by some, Mr. Hach Delns ue-
claed the offender in this refIect during MI flSkS aD
,ence abroad his purpose being 20 cloaI of load OF Old
debt Another alleged cause was too nnth reliance IA
Cnesaueake and Ohio and Zig Sandy securities atlf
another which, however TidIculed by bankers was
that they were overloaded with Government bonds OF
certain linc bought in expectation tat Congress "ouu
take financial action causing them to aplIeciHe ID
value The drift OF opinion was that inc bottom nus
reached that the upward turn may certainly DO
expected The statement frequently made that tie
Secretary of the Treasury would to-day make another
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
THE SITUATION IN THE OIL RE GIoN.

TO HAVE BEEN REACHED.
BRADFORD, Penn, May 1.-THE Tuna Val
ley Bank did not open its doors this morning. Itwas
correspondent of the Metropolitan Bank Of NewYork,
and the announcement made that account of the
suspension OF that bank thought best to suspend
temporarily. II is thought that the bank will
resume in a day or two. A promise has been
made 10 dcpogOrs that they will he paid IN full.
There was run on the other banks tOday, but all de-
Inands met promptly and the excitement was over
by noon. While the at its height III the First
National Bank a wagon driven up 10 the building,
safe and of S630O0 taken out and the money
spread on the counter beside the paying teller This
stored confidence at
Only one failure announced on Change to-day aud
that was not important. The market was badly de-
moralzed but It il thought that the bottom has been
reached and that confidence will be restored IN few
days.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
NORWICH BADLY INVOLVED.

NORWICH, Conn, May 15.-Norwich is seri-
ousy involved IN the present financial crash. The failure
OF Hatch ana the closing OF their branch office
here produced intense excitement This firm has done
extensive business for Norwich account At times their
local operations reached 100000 The recent steady
decline IA stocks however had gradually compelled their
customers close accounts that their investments
had materially diminished One patron OF the hrIn be-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
THE PANIC THOUGHT TO BE OVER.

Al the National Bank of the Republic vice.
President Adams said that their customers were all
properly served and satisfied President JohnJ Knox ex-
Controller Of the Currency, said:
events have justified the prediction that the action
OF the Clearing House Association would stop the panic
The National banks relieved from any danger OF
failure securing of their under the Clearing
IIose Arrangement will their country CORE
spondents and prevent any sddnD disastrous run on
the banks by depOstOrs II is my opinion that tue panic
Is also over In the stock marles 1t will take little
time to move back TO a normal condition. but IL VIII
surely now"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
ONE WAY OUT OF THE TROUBLE.

Frederick p Olcott president of the Central
Trust Company said in reply TO TRIBUNE reporters
inquiries:
Iknow nothing about Fisk & Hatcl's affairs. We had
no connection with them. They owe us no money
beleyo that their failure is the result OF
losses hut caused by their inability to borrow money
They have trying borrow money for the last few
days My own position In regard to this trouble Is that
the only way il for the banks to lend money The
banks should expand. They do II the easiest
thing In the world. Fisk & Hatch had plenty OF Govern
Inent bonds. There lots of men ready to loan on
Governments bnt the thing IL that the day you want
them you don't find them Mr.. Hatch has my profound
est sympathy,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
BRIDGEPORT DFposIToRs pFpPvT

There was lively run the banking house Of
+. L. Watson & Co, of Bridgeport The firm were
able, however TO pay all demands long before the
$4,000 which Colonel Watson brought with him
from New York on Wednesday night was ex-
.hausted. After the excitement many who had
withdrawn their money applied for the privilege
OF depOsitBg il again.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
CALLED BONDS TO BE PAID.

WASHINGTON, May 15.-The Secretary OF the
Treasury eegraphed TO the Acknowledgements at New
York at to-day follows:
From this date to June /. you authorized to pay
bonds embraced in the 125th, 126th and l2lth calls,
with accrued interest subject to the decision OF tie De-
paTtmcnt to the regularity OF the assignments TX
pressage Department to he paid as heretofore by the
parties having the bonds redeemed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
AT THE FIFTH AVENUE HOTEL.

There WAS a well-iled lobby at the Fifth
Avenue Hotel last night engaged principally In discuss
ing the financial situation. Those present mostly
manufacturers, merchants bankers, many from out
side the city; Of them brokers SPECTATORS The
general drift of congratuaon that the panic
should have confined 10 stocks, and not have ex
tended the business circles There seemed to he no
fear whatever OF extension beyond the confines Of
Wall street speculation, except incidentally There was
hopeful expression in every direction.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
PERTINENT QUESTION FOR BLANEs ENEMu

PEEIISENT QUESTION FOX BIAINEo ENH"H"''
TO the Edifor Of The Tribune.
SIR: The following paragraph has been going
the rounds:
Senator Edmupdss return the Of Burling,
ton Is as follows: Personal property, S56s23; real
property S1512 This does tally very well with the
story that being circulated by his dcractors that he 10
worth millions.
find upon examination OF the books Of this
city that the Hon. James q. Blsnes to the
IA follows Personal property $4,000; real
estate $4,000. Now, II senator Edmundss return proves
that he Is not rich what does Mr. Blaine's return
prOyef ] am sincerely yours. J.m
Annnsln. Ne. MAY 10. 1881