The Portland daily press., 1899-12-20
CRISIS HAS PASSED.
In Boston They Think Their Troubles
Are Over.

Are over.
Boston, December 10. -Notwithstand-
ing the financial day in this oity opened
with the failure Of prominent broker
age firm and closed with large attach
msnt filed against two Of the three lead
ing mem bers Of q com bins In copper
stocks. it Ia generally believed that the
crisis has bssn passed and thst pa nic
has been avertec.
the broadway bank and J. p. Sruire Il
Co., coupled with the announcements that
each would probably continue IN business
with but little loss to creditors, had q
most rs-Assuring effect, while the geuer-
Gus offer of this clearing house. together
with good news from New York. did
much to clear the air Of existing distrust.
That only one firm, that of Dillaway
& Star, should have sucJumbsu when
Boston's pat copper stock kept falling
10 and 20 points each day, and that this
failure WAS delayed two or thres days, IL
also n matter Of congratulsti,n among
the local dealers. for 1t is generally ad-
mittsd that had the suspension been an
nounced on Saturday or had not Sum
days breathing spell interviewed, only
the most stringent measures could have
STAYED of q panic. at least In the copper
market.
None of the banks today awaited them
selves of the clearing house offer OF Ger
tifnatss to hslp out any shoI tags OF
money. while Bank Examiner Wing OF
the Broad way bank stated that there was
every reason to believe that that institu-
ton would be on It's feet again within a
few days.
N5ither were there any failures among
the local provision dealers as the result OF
the Squire assignment and tt Ia believed
| that the big packing company will also
be released from the hands of the assig :
nee within a short time and without ma
terial loss to any of its creditors.
Assignee Hovey Of Dillaway g. Starr,
| the stock brokers, reported late this af-
ternoon that the failure was due solsly
| TO tbs decline In the value OF stock of
| the United States Mining com pany, the
combination Of copper companies made
last wintsr through tho stforts of Edward
Clarke. William Coolidge and Charles Ii.
| Cole Of this city.
IL the mining company turns out all
| right, Dillaway a. Starr Will undoubted-
| ly continue In business and the urm ID
especially grat;fisd with tbs numerous
offers Of asst stance which were received
during the day.
| The attachment against Messrs. Clark
and Coolidge Of the United States Mining
| CON pany, was filed this afternoon by
Emery 81 Tucker, prominent State
street brokerage firm. but no declaration
of any suit accompanied the document.
BANKS DOORS CLOSED.
New York, December l9.-Ths National
bank of Port Jarvis, N. Y, did not open
It's doors for business today. A notioe
signed by Presidents Francis karvins WIS
posted saying that temporary suspsn-
sion was made necessary BY the stringsncy
In the New York money market. The
suspension IL attributed primarily to the
recent dsfaloation Of L. Il. Goldsmith ths
assistant cashier.
ANOTHER FAILURE IN BOSTON.
Boston, December le.-Dilliway &
Starr, bankers and brokers, 40 Water
street, this city. have assigned.
The firm In one of ths most proaiinsns
of ths kind In the city and Ia compossd
of Charles r. DtIliway. George III. Flint
and A. W. Lawrsncs. Mr.. DfIltwey Is
the msmbsF Of the Boston stock en-
change. .. -