New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-25

Bleichroders of Berlin. had already agreed to
handle the bonds in Germany. Speyer & Co.
were likewise said to have promised their CO.
operation. 1t was assumed that August Belmont
would again join with Mr.. Morgan in managing
the syndicate to be formed to subscribe for the
bonds. Mr.. Belmont would be relied upon to in
duce purchases OF bonds by the Paris Roths
childs. Mr. Morgan has house in Paris. Nor
gan. Harjes & Co.. which would also sell bonds
there. 1t was conjectured that an announcement
OF the issue would be made by Friday or Satur-
day. and 1t was rumored that the issue would
be only $50 0000 00
ONE RESULT OF BOND ISSUE TALK.
One result Of the talk of bond issue was dis
patches from out-of-town banks, particularly in
the West and including Chicago. 10 their New
York correspondents asking to be included In
subscriptions for the bonds The money and
bullion brokers said they had inquiries from
individuals for gold for use in buying bonds
when they were offered. These inquiries started
story that premium was bid for gold, which
was not the case.
Commodore James d. Smith. answering an in
Quiry from a business correspondent concerning
the situation, said:
Il have felt like being at anchor for several
days. feel now that we can weigh anchor get
under way with working sails. and. watching
the clouds and winds. keep her steady. and
under careful handling very soon get up light
sails again If 1T looks all right when We reach
the open. MOrtalS may engender STRIFE ana try
to work war, and consequently calamity, but
God in His infinite power and strength beats
down all such poor. miserable forms made In
mans shape, but not possessing the attributes Of
man"
An Indication OF the brighter aspect Of things
was bid of $3.50 for a seat on the Consolidated
Exchange. seat sold on December is for 500
TWO FAILURES EXPLAINED.
1t came out that the failures on Monday
Of James Walsh & Son. money changers. and
bullion dealers, and II. L. Langhaar e Co..
stock brokers. both of which firms had offices
at No. 5 Wall-st. were caused by the specu-
lations Of Thomas Walsh. the junior partner
of the frst-named firm. James Walsh said
that his used up the assets of his firm
specializing through Langhaar Co.. and
made false entries in Walsh & Sons books to
cover up his operations. He supposed that
Langhaar Co. owed Walsh & Son o000
Langhaar & Co. balance OF $1,000: Young
Walsh was caught long Of 1000 shares OF
stock when the slump occurred last Friday
He had lost money almost continuously Tor
were between $4,000 and $4,000. The elder
Walsh said he himself might have equities In
Brooklyn real estate to the amount OF S250Oo
He might resume business In small way
Mr.. Langhaar said the suspension Of his firm
was precipitated by the failure Of young Walsh
| to furnish margins on the stocks which We're
purchased on his orders. He supposed that
the stocks were bought for customers OF walsh
e. Son who had membership In the New
York Stock Exchange. Langhaar Co ex-
pect to resume. Thomas Walsh Is thirty-two
years old He has a wife and one child. He
day night while derious, he eluded the vigil
ance Of his nurse and ran out Of the house
and across the fields clad only in his night
shirt He was captured after long chase.