Chicago Daily Tribune Newspaper, September 19, 1873, Page 1

VOLUML. 27. AUCTION ROOMS. NewReal Estate Rooms WM. A, BUTTERS & 00, RealEstate Auctioneers, HAVE LEASED Rooms 2 and 3 in Hawley's Building, Nos, 144 & 146 Dearborn-st, 8, W. COR, MADISON-8T., For the purpose of conduoting the REAL ESTATE BUSINESS, Spectal attentton will bo given to AUQTION SALES of [l:upn?it;fi::o (§lo gronnd, or DAY sod BV ANING BALTS g oo, TrT oy havoon thoie hnoks & large st of nraparty for AUUTION and PRIVATE SALES, to which thoy lnvito iho attention nf the publio, WAL A, BUTTERS has’had thirty.five yoara' oxporl. encoas General and Toal Estate Atctioncor (soventcon of which hia has had in Ohioago), and will givo bis per- wonal attontion to this branch 081 REAL ESTATE VALUABLE PROPERTY On Sherman-st. A ATTCTIONNT On Baturdny Afternoon, Sept, 20, at 3 P, M,, ON THE FREMISES, Wo will scll without roservo, Lots1l, 14, 17, and 30, 35 fool {ront each, North halt of Lot 23, 15 feot front. South 24 foot af Lot B, making 159’ footon Shorman-at., #a_Block 100, Sehool Scetlon Addition. This proporty in locatad bntween [Tarrison and Polk~ sta, unposito tho depot grounds, 'Title porfeot. “Tornia: §8,(00, navablo fn four yearly oqual Damonts, drom Bept. 1, 1873; $7,600 cash, balauce 1and 2 yoars, Wi A. BUTTERS & CO., Ttosl Fatato Auctionoers, 144 aud 144 Doa: NORTH EVANSTON, Some of tho best located Tots in this villago for $300 to $400, in $10 monthly payments. Also, good Housoes for salo on easy terms, Railroad tickots furnishied to partios daslriog to oxam- 180 tho proporty, WM. P. TEHAYER, No, 144 LaSalle-st, EHOUSIES ¥FOR SALE AT NORTH EVANSTON, On Monthly Payments, JOXEIN CULVER, No. 144 LaSalle-st. REAL ESTATE BARGATNS, B00x161 feot, southesst corner Wabash-av, and Forty- second-st. ; will bo sold at 80 por faot, if oalled for Jithins fowdaze. Mostof purchsss modes on 7 yoars' 0. ALSO, ons-front dwelling, No. 9013 Mohigan. aseniont), very chesp, Cash payment il “Ths above proporty belongs to & nou-rasidont, and must ba s0ld. APD Haam i Eecsiator Buldg sarae Olark and Walitngton A GREAT BARGAIN FOR THIS WEEK ONLY. Two now marblo-front dwellings on Michigan-ay., ata B Bl dhan aetuel sout, Now rantig for or cont, chisngo for unincumbar . v CHOERNTIY K MARBLE, 5 toow 6, Nu, 39 Dearborn-st, For Sale or Rent. A eplondid dwalling on MONTHLY PAYMENTS, I Bavo s good twostoryand brick-besament dwolling, in & cholca part of tho city (South ide), with ail modurh m- tncludiag good furiinco, two wLor closotey slegant clinndcliors, ciatorn, atablo, " front park, all (6 completo order, for walo on montily paymonts, o for A handsomo av. (3-story a all ront. "Call on tho ownor, No. b SLate at. uF 1287 Tadls & 1N’ COVERT. iR Correspondence and Orders from tho Trade solicited.. HADLEY BROTHERS, ‘Wholesale Bookaollers, 136 Btate-st., Chicago, Rupture. Tho praof that Dr. Marsh's il Gira Ruptira (iLurnin) i tho 106U120hY Of Ao that have warn them and boou cured. 0 _bave & lar; bor of aames of porsons in and around Ghje o can rofor, and would Tuvite all interostod o sall asd bavo thelrcases oxaminud without charge. ‘8 Also mako 1 ki) Bhovido !fl f]ll -for Hi Oticoof M dnors from Olarke 7 X conipatent fomalo to wait upon Tading. LAKE NAVIGATION. GOODRICH'S STEAMERS For Racloe, Milwaukos, Shicboygan, eto., dally, Bunda oacepiced, b a. m. . Haturdey Jexcursivh Boss for Ml waukeo, oto., doa't leave until 8 p, m, For Grand [lavon, Grand Rapids, Muskegon, Sprin Lalo, Troitporl, Mlaniatos, vior, daly, "Sunda ok copted, 7p. For 8t, Jossph, dally, Bundays oxooptod, 10 s, m. uniays, Dot don't Jovs watt) 1t g e i For Groen Day Poris, Monday, Wednosdar, and Fridsy, ".‘.11'1;-. . Maiday's'and Woduouias's bust goss 1o facaraba. ENGRAVING. Union Litho. Co. Engraving and Lithographing, 1.3, 5, Tand 9 Michi. an-av. Skillod Workmansbip—Quick Timo, Pasent Radical Curs Truss | COD LIVER OIL, 0 WILLSOIN’S CARBOLATED (0D LIVER OIL Ta & Specifio and Radteal Cure for CONSUMPTION AND S0BOFULOUS DISEASES, ofapgmbar tho nare, +\¥ilkou's Cackolato G Eiror LI o8 in Jargo e aliapod los, bear fnvontor’s signsture, aod is soid by tho best DrIGRIsG: Proparod by J, H, Willson, 83 John-st, N, ¥, Tor salo by all Droggtats. HURLBUT & B0SATL Gitderar RICHANDSON & $0., 8t. Touts, Mo, GENERAL NOTICES. The Tnter-Staty Industrial Exposition of Chicaz. Exrosrriox RuiLoia, Cietacs, Mg Wi, } NOTICE TO EXHIBITORS. The Bxposition will open on Thursday ovening, Sept. 35, and it Js desicod that all porsons ontitled tospaco at once put up thalr booths, platforms, dc. On aud after Baturday night, 20th inst., tha building will bo lighted 80 that work may be carriod forward by night. * JOHN P. REYNOLDS, Bod'y. “Ward's Collars,” ‘Western Branch of B, M. & W. WARD, 184 Haat Madison-st., have digposed of their stock of ** Argosy,” Cloth-faced, and Papor Oollars, to J. H. & L. M, FRANK, 74 and 76 Third-nv., botweon Harrison and Van Bu- ron-sts. In futuro all ordors will be prompt- 1y nttended to by thom. T0 CABINER, TRUNK, FURNITURE, AND CARRIAGE MANUFACTURERS, We hiava rocontly placed in our mill & e0-inch Segment s (or rosawlng all kinds of lumbor ta 30 fnchics in wldth, taking oot loss kort nd makiny thioker lambor thag anf othor rosawiug-tachine in Chloago, Backing on han and made toorder, We {nvito tho ationtion of manuisg. turers to our work, aud to tho largost Hegmont, snw in tho Waat.. LARK & HUTOHINS, Planing-Mill and Box-Factory, Quarry-st. & Arohor-av. The Fancy Bakery AND COFFEE PARLORS ARE NOW OPEN AT 69 HAST RANDOLPEI-ST., Northweat corucr Stato. A: KERSTEN, Prop'r. NEW _PUBLICATIONS. FARNERS FOURTH OF JULY THE INPORTANT ADDRESS Of 8, M. SMITH, Socrotary of the lllinois Btate Farmers’ Assooiation, boforo the Live ingston Oounty Farmors’ Assooiation, At Pontiac, on the Fourth of July, Isnow roady for delivery as an 8-page docu- ment, for general ciroulation. Farmers’ Clubs and Granges will be sup- plied at tho following rates: Bingle Copies.. 2 ots. | 100 Copies. BE0erion B ot [ 165 Sopls Address J. W. DEAN, Room 6 Tribuno Building, Chicago. PALACE OF SWEETS, In at No.195 Clark- st.and see Dyball’s new “PATLACE OF SWEETS,” which he occupios to-day for the first time, 2" We still continua oar Wost Madison-at. Storo. DYBALL, REMOVAL. HARVEYS HAVE REMOVED thoir popular Youths’, Boys’, and Children’s Olothing and Furnishing Establishmont to thoir former stand, OO0 and 98 Lalke-St., (Coruor Doarborn, and appaalte the Tremont Houro), where they have oponed a larger and flnor stock than ever bofore, FINANCIAL, TO LOAN. 87,000 for 5 yenrs, ut 10 per cent Intereat. CLARKSON & VAN SOHAACK, 83 Dearborn-at. CHICAGO, FRIDAY, SEPTEMBER 19, 1873, GIFT CONCERT. Grandest Scheme Ever Known, Fourth Grand Gift Congert FOR THE BENEFIT OF THE PUBLIC LIBRARY OF KENTUCKY., 12,000 Cash Gifts, $1,500,000. BAF0,000 for HBSO. Tho Fourth Grand Gitt, Concort authiorized Ty anaclal actal iia Tegltlitita for (o banatt ot (o Pubile Libras of Kentuisky' nill tako plnca i Vublio Iibray 1iall, at ulsvillo, Ky., ‘Wednesday, December 3, 1873, Onty atxty thousand tekots will bo sold, Tho tickata arg divliod il anuhonmor pacte: " HU $1,500,000, Qlspiny avor wituedsed fu this country, suu of Divided lnto 12,000 cash gifts, will bo distributed by lot among tho tiokot-holdars. LIST OF GIFTS. $260,000 100,000 60,000 ONE GRAND CASII GIFT. ONE GRAND CASH GIET. ONE GRAND CASH GIFT. ONE GIRAND CASII GITT, ONE GRAND CASIL GIFT. 10 Casu Gifts, 810,000 each, 30 Cnsh Gifts, 5,000 ench. £50) Cash Gif 1,000 ench.... 80 Caal oy 500 ench.... 100 Cash Gifty, 400 ench 300 ench. 200 cach. 825 Coah Gifts, 100 onch, 11,000 Cunh Giftny 50 ench. “Totnl, 12,000 Gifts, ALL CASH, AMOUNNG 10,0 seem., $1,5600,000 Tho distribution wlil bn poaitise whethor all the tiokets gre soid o mot, and Ui 1,000 gifla ail Daid ia proportion ota sold. PRICE OF TICKETS. 70,003 Tal: 25.00; Tont] 50 lovon o Triakars: foe aead. oA 000,00 l&‘vhuln ‘Tickots for 85,100, 22 iokats for 00, No discount on loss than 0.00 worth of Tiokoia at a ‘tmo. . Tickotn now roady for snio, and all ordars sccompanted y the monoy promptly flllod, Liboral torms given to th080 whio buy ta scil ngain. THOS. E. BRAMLETTE, Agont Publ, Libr, Ky. and Managor Gitt Concort, Pablle Library Building, Loutsville, Ky, Wo havo n ngerioy at Chicago, and Grdars will ‘bo sont direst 1o the linme office’at Louiaville. ADVERTISIN ity ave'to UNTIL OCT. 1st, ‘Wo will insert Advertisomonts in 4 Religious Papers, ADVANCE, N. W, 0, ADVOOATE, STANDARD, NEW OOVENANT, For 45 cents per line, or $6.80 per inch opch innertion. x :\ND IN 5 Religious Papers, ADVANCE, N, W.0, ADVOOATE, STANDARD, NEW COVERANT, WESTERN OATHOLIC, For 50 centa por line, or $7.00 per inch anch sertion. H.H, CHANDLER, & €0, NEWSPAPER ADVERTISING AGENCY, 89 MADISON-ST., (Opposito Tribune Bullding). “ECONOMYT SHEATHING PAPER, (NNOT EF XIS, Well put on to Frame Houses, Under Siding, Shinglos, and Floors, will morg than aave ity cont in fuol in ono winter, Manufactured and sold by ROCK RIVER PAPER (O, No. 140 _Iinlco=st. PAPER HANGINGS, &o. Paper Hangings, BEDDING:., Window Shades, & Upholstery Goods, HILGER, JENKINS & FAXON'S, ®ucoessora to . @, L PAXON & €0), 107 STATE-ST., Tour doors south of Wasblugton. Wo havo now on hand tho finost and_ most carofullyas~ I-;;e'd ook of abovo guads ovor Ahuwn i this mATKGE: o and othars visiting our clty will sorve thalr owa. intorests by giving us & call hafors ‘WOOLENS, A.C.BELL & CO OF WEW YORXK, DRAPERS, AND IMPORTERS OF FINE WOOLENS. Full lino of Samples, Btylos, &o., at Grand Eaoiflo for a fow dava.’ Patrons aad the Dub- od to ontls Hopron » B. BURTON. Reprosonted by urchasing olsowhoro. ‘WANTED, SCOW. WANTED, To purchase or rent for two months, a largs Boow or Canal-Boat. Apply to FITZBIMMONS & CONNEL No. 23 Bouth Wator. TO RENT, TO RENT. Farnishod Housa on tho South Side, for six months or one year, ono blook from hnran. OLARKEON & VAN BOHAAOK, Doarborn:at. HOTELS. Merchants’ Hotel, (Cornar Olark and Yakosta,) now opon for. fuotts. only ono block from Bherman 'and Tremnont Housvs. Con. yanlont to dopote, stroot-cars, and emnihusus, 83,60 yor day. . GILL, Manager. MUSICAL, e HALELTONS PIANGS, ALL BTYLES. \/ GoULD & sON, Lor,_Adams-s1. & Wabash-ay, " FRACTIONAL OURRENCY. $5 Packages FRACTIONAL CURRENCY FOIL BALE AT TRIBUNE OFFICE. FOR SALE, (RAND TRONK RALWAY OF CANADE, STEAMER FOR SALE, The Grand Trunk Rallway Cumpany will bo proparod ta rocolvn offors £.r the jurchass of tho Steamor * Intorna: tloual," uow plying botweon Fort Frlo and Huffala, o fa & wiodon paddlo aigamor, aud carriva 1 cars on hot ook, Wil bo roady for dellvory upon the cumplatlon of tho ** Intornativnal Bridge," during tho mouth nf Ootas bor next. Utfurs for this steamar (to bo delivered in Fort Krie) will be reveived h{ tha updersigned. 3. Byt Maneging Dirootor. INDIAN CLUBS, BLANKS, Legal Blanks, Of regular forms, or printed to order by COLVER, PAGE, HOTNE & 0, 1188 129_]!{1111}*00:?.. qhicngo. EEE,EENESS CARDS. J. C. MAYBERRY, COMMISSION MERCHANT, (Gran, Grass Seeds, Drossed Hogs, &, NO. 2 CHAMBER OF COMMERCE, CHIOAGO. F7= Lumhor purchasod by the cargo or car-loa c. o, Farm Machinery, & LOTTERY. $300,000. Capltal Frize, $50,000. HISSOURI STATE LOTTERY. Grand Binglo Number Soheme, Deaws tho lnat day of . B8P unt. Base Bal, Orlokot, and Gymuasiura Goods, Dumb Bells, | Ln 1o 130,00, Wholo tiorers ks h.hlu;"&fim?sufiu Boxing Glovoe, £c. KELLKY'S, rcular o MURRAY, MLULIR ‘& CO!) Tox 16, Bty & Maillson-at,, Tribuuo Bulldiug, (11 G'[ TNS b2 MEETINGS, . Masonme, Dreachlosdors trom 836,00, Murzleloadurs of all grade M. Regular fom- Buyors, see our last lnportations, oluck, Tor bia- BIGOH, SPENOKI & 00., 535 Wabuhav, R, Becrotary. JAY COOKE & 0. Overloaded with $85,000,000 of Northern Pacifie Railway Bonds, the Firm Col- lapses, And Suspends - Payment with Tia- bilities Anywhers from $8,000,- 000 to $26,000,000, Tho Smash-Up Expected in Well-Informed Financial Circles--~The Firm Not Recognized by the Bank of England, Jay Cooke Admits that It Was the "Northern Pacific that ~ Finished Him, But Pledges Himself that Every Dollar of Obligation Will Be Paid, and Business Resumed. How the Announcement Was Received in Chicago---The Opinions of Our Leading Bankers, Only $300.00G Worth of Northern Pacific Bonds Sold in the Northwest, And Only $25,000 Worth Owned in Chicago, Tho West, with Overflowing Crops and Good Prices, Can Have No Panio, N=w Yon, Bopt. 18,~Anothor day of intenss excito- meut has pasucd over Wall stroct. Early this morning predicticns wero mado that this would be & hard day, aud one that would soo the downfall of more than one fnancial houso, Tho Ohicago fire, it waa thought, ‘would occaslon o drain upon deposits and tend to & panlc. Btocks for the first two or threo hours fuctue ated wonderfully, Vestorn Union fall 10 per cont ‘without an upward struggle, but about noon rocovercd its oponing figire, At noon tho roport was whisporod that the houso of Jay Cooke & Co. had susponded. At first the rumor was conshilered an 1dle ono, or at most started by soms stheming faction, owever, it had great offect. Mon and boys ran races from office to offico, The tolegraph waa inceanant in ita oporatfons, and the ex- cltemont grow intenso, Shortly after 12 m., it was officially announced that tho suspension had oceurred, the reasons thoreforo being advances made o tholr Philadelphia houso, which rendored them unsblo to moet the domand madeupon them by thelr depositors hero, A8 soon aa it becamo_generally known that Jay Cooke & Co,, had suspendod, many rumors toushing other prominent houses aprang into existence, but oll reports about tho auspension ‘of Arma oxcopting Jay Cooke & Co., Richard Schell, and tho small firm of Tobinson Boydam & Co., upon invedtigation proved t0 Lo without foundation, When-tils fact wan made Xknown on tho strests, confidonco Was sgain restored, and at the closo of business a stronger feoling pro- valled, It {a not thonght that any other firms of prominenca will sucoumb. Bfon regarded as smong tho safest and moat Judiclous on the stroet give it as thoir opinion that the great dangor i past. Robinson, Buydam & Co, expoct to resumo in a few doys, Br. Behell was not prepared to mako any statemont in regard to his Unbilitien, Iia susponsion wos oscasioned ospecially Dy thodecline in Vanderbilt stocks, in which ho was largo dealor, Tho Habllities of Jay Gooko & Co, cannot be ascertalned, It will take somo timo to mako s statement of the affairs of tho house, The creditors are moatly banks and ‘bankers, there being but few (ndividusl depositors in thelist. The suspension will greatly interforo with tho operationa of the Syndicats, snd probably sus- pend the negotiation of 5per cents, Tho bonds of tho Northern Paclfic have boon of slow salo recently, aud tho failure of Kenyon, Cox & Co,, and-of tho Now York & Oswego Midland Road operated isas- trously agalust furthor negotiations of the bonds, Tho Ezpress saya: ** Tho war upon rallronds has produced part of this panic, cresting aa it Lna s wont of confidonce smong largo capitalists and small luvestorn, and injured both tho aredit and progress. of railrosd enterpriscs, When confidenco 8008, credit falla with 1t, and panto takes tho place of both. The auspension of houses like Jay Gooke & Co., ana Kenyon, Cox & 00,, aro publio calsmitien, and are evonts wholly unlike the fellure of those mushrooms who do business on borrowed capital, or,oftener, on no capital, Tho sympathy of thepublio s with the un- fortunate, who try to do a legitimato business, and who £all while in the proscoution of It, 8 in tho bullding of rallroads and other publio works deslgned {o enlarge thie Lusiness of the country, The duty of all is, whilo omilting no care necessaxy Lo the oxporure or proper Tegard for the present or futurs, to ponr ofl npon the troubled waters, and reatoro heslth and confidenco to the money market, and all honest corporations and Ppernons engaged in money transactions, " ! Tho Mail saya it is undarstood that tho houses which aro in trouble are solely thoso that have boon carryin heavy burdons in tho way of railway contruction, an {lint tho losses from their faflure will bo Widely dli~ tributed, and will not bo long folt seriously here, It 11 folt that ovents of tho past fow days are the moat unfavorable for tho prossoution of unfnished railway enterpriaca, and 80 8 misfortuns to & country whoso Tesources roquire for thelr development a lberal ox~ tension of credit, Dub all other branchcs of business have an- ususually good promie iso for the fall and ‘winter, Our enormous crops aro bringlng good prices, nad tho d mana for the e oo ants 8 unprecedented, Our morchants y o 8ot downto i hard pan,” and aro mendous business on s sound basis, 40d; gousrally, tho situation onteldo e mselstrom of ull of encouragement, The misfortuns aud terriblo afiiction of the street is tho peouliar legis- | Iation which ea up the Tescrves of the banka just at & timo whon {hey could #afely, and profitably to themu. solves, tide tho business of tho country over ita pres- ent momentary difficulty of {he cnrrohoy and make tho way essy for {he markeling of our im. monsg ‘products, Even had (ho Bocrotary of tho Treasury ' doposited his unsalablo . legal tendors in tho National Lanks, and {hus relessod a part of {helr resorve, the latter could have met and passod tho present criais victorlously, Tho stock mar- ot closod with & moro confident focling after o day's gxclioment mihout equal since Diack Iridsy. Wiien the time camo for tho dellvery of stocks and the aquaring-up of the day's tranasctions, thore was wild excltoment In the Board, Acoess to flio visitor's gale posstuily, “ Prices of {hio firat-clasy stocks aro now low cnougl to tompt capitalisa and outeido 1 vestors L0 come in; and whila tho effect of the fallure of & house 6o’ widely kmown fthroughout tho country: a8 Jay Cooke & Co, caunot ha moasured in & duy, there is resson to boliovo that pricea will not long bo kept below tho figuros which Feprotent {lo invostment valuo of divideud-paying atock, “Tho followln of shows the number sharoa whlch changed hands of tho atocks named: Telegraph, 148,000 shares; Pnolfic BMall, 57,/ hares; lake ' Bharo, 65,600 suar New York ' Cenlral, 3,700 sharcs; Obios, 123,300 shoroa; Tock ‘Teland, 27,800 shros; and Union Taciflc, 25,300 slares, The dealings '{n the oflior stocks were all under 20,000, New Yons, Bopt, 18.—Largs numbers of financlal men met at tho Fifih Avanue ool to-nlght, and dise cusaed the syent of the day,” While somo prodictod further troublo to-morrow, the goneral fecling scemod to bs that tho worat was over, § New Youx, Bopt. 18.—A toporter of the Tribune callod to-night on Samuel Wilkinson, Beorotary of tho Northern Pacifio Rallway Compnuy, who sa{d thers was no quostion that the fallurd of Jay Cooke & Co, and tho supicion thrown om all rail road Londs, no mstter Low fod " thele securitios might Lo, on socount of the fallure of tho Oanada Bouthern and the Now York & Oswego Midland_Ral rond Companles, would prevent tho falo of tho North- ern Pacifio Rallroad Company's bonds, and all other raflrond bonds for tha .urosont, robably for a considorable thme to como, As tsual with financial ageuts, Jay Cooko & Oo, hiad made large advauces to . aud the Company, thait credit, run in conec kel caunod conspirators, Tho Tribiine.says: *ZLato this ovening tho fol- lowing yossons wero given by Mr, Fahnatock, ons of the firm_ of J? Cooko Co,, for tho failuro of this houso, Yor sovern! weeks the un- cary fooling which provatlod in connection with tho now raflrond achemes canaod heavy dralus upon the deponits both of their Philadelphia and New York housea, 'Tho depoaila fn Lotk citien sufered continual Jimiuutfon, untl ot tho Legluning of tho prosont month, thelr doponlts woro Tower than at any ttme during the last fsll and this spring. Tho dratn upon " tho doposits, aiready o heavy, ws sl further © fncresned by the ' recont suspensions " and domand for money was inceanant, and {n folt stil mora soverely in Philadelphi, Tho Philadelphbia was_ compelled to esll . upon fho Now York . houne for ald, and A Jargo amount of assistance wan rondored, The Philadelphin Honso was undor largo advanconto tha Northorn Pacifio Raflroad Gompany, involving lntgo sums of monoy, prevonting thom from maintaibing the resecve ordinarily kept, snd they were thorefore unablo to respond to tho do- mands of their creditors, In this renaon thoy wero unablo to return to tho Now York Louse advancos mudo, by the latter, o to supply “them “wiih any collstoraln avaflablo {n New Yok at the proscnt time, Owing to this, ihs cash Dulancos bocamo ~_oxhausied, nnd’ suspension becamo inovitable, Fahnostock' sald that of courao the difforont mombers of tho firm woro possossed of & Inrgo amount of private and porsonal proporty, but nouc of this wan availsbla fn an omergency such a8 tho present, 1Ilo was not at tho prosent timo, nor was auy member of tho firm, Em’mu to tell tho oxact amount of Hablitics or sesets of tho firm, o believed that all the creditors would bo pald in full, and hoped that the suspension ‘would only be tompora- ry. On this point nothing could- poaitively bo said at prevont, and somo time must necessarily clapro bo- fore tho oxnct amount of privato proparty of tho firm con ba docldod, Tho Ilerald roporter interviowed Mr. Dilss, of Morton, Dliss & Coi, rolativo to tho offect ' tho Cooko & Oo, woull havo on but he did not think this had fmpaired Thotr failure was dio to & suddon ionco of & atringonoy of tho money mar- by tho manipulations of unscrupulous houso falure " of Ty o sald the offcct In the conntry will bo folt & good deal, for theso . Novthon Tactan bonds been 'diaposod of ~ North, Bouth, Easl, and West, Tho country banka witl feol the pressure, nnd, ‘of courae, thore ba mich alarm among country dopoaftors, but after all this col- 1apao 1s not about to o any neriokn ovil, The country Taa mover @0 prosporous, and, ezcopt. that fudividi. alu will suffer for awhile, thota meed bo 10 appre- henelon of tho gonoral offoct, A prorminent broker nald 0 a Heraud roportor that 1t o atloged that Dick Sclioll was heavily involved with tho Kansus, Missour{ & Texaa Rallway Company, Now York Warokiouso and Sccurlty Qompiny, and & blage goring Ioad of Westorn Union Telegraph atock, Tho Zribune’s account of tho sconcs in Wail atroot asys carly in {ho day rumors which form such an important part of Wall slreot oporations wero ree vived * wilh Incrossod omphosis, Tho . mamen of liouges - wlich evon miost ummcrupulous sfook jobbera' had horetofora sparcd . passed mers cllessly from mouth o mouth, First csmo ro nowod rumors of embarrapsments of tho Now York & Ouwego Midland Rallway Company, snd thelr financlal ogente, Goorgo Opdyko & Co. Btatements that somo ‘banking {usiftutions woro, on fho brink of failuro wna also mado with depresaing effoct, Thoao rumors, falgo as thoy waro, mado tho rounds, growing {n evil fnfluonce aa they bocame moro aud mmore. diss torted, Tho crowning rumor of tho day was this time, unfortunately, too truo. Joy Cooko & Co,, the QGovernmont ' fiscal sgents, who had stosd 8o high in fnanelsl circlea throughout tho world, wera Impatred by the reason of their ccnnections with the Northiorn Facific Tiallroad, and would probably bo obligad to suspend, Thia umor, which was i3 the oir *carly in' tho morning, epread lika wlidfire, ° but although ealers wero disposad to bellovo almoat anything, it was still rathor diffcult to convince tho streot that the foremost Amor- can banking houso a this country was mot oblo o meot {ta obligationa, OF course measures wero tmmi diately takon 10 verify te tatomont, aud ot noon 1t wan officiully announced thiat Joy Cooke & Co, had us. pended, This news was immediatoly flaslied. over the wires of tho stock and_gold indicators, around which groups had ‘been hovering all the forenoon, tho_dlepatch wos road to il within hoaring, Tho offect was oloctric, sud Jay Cooko & Co/s offices wero soon crowded with an anxious throng, At mbout 1 p, m,, when tho nows ocomo _ gonerally known, the midewalks of Wall, Nussau, - and Drosd strects wero ‘but having nothing eleo to do, concluded they could tlmo_thoro ss olsowhoro, Theso formed & swaylug, sgitated, and exclted mass which it was diflicult to to penctrate. Tho crowd strotched over tho aldes walke into tho centre of tho atroot, and ovon filled tho basementa of coutiguous buildings. Not content with thelr places, they clambered over the railings, filled tho basoment, peored through windows, aud even invaded tho officcs, 8o Intolerablo bocame the nulsanco that the bankers wore obliged to have a . dotschment of polico and dul:cuvun‘—mn formor to disperse “the crowd, ond tho laf lity 4o operations of’ pickpockets and *snoak. thioves who were on hand to nvail thiomaclves of any opportanity for plunder, _Oficors wers thon_porma.. neatly stationed around tho ontranco, with orders to disperap all loungers and Xeop tho sidowalka claar, pasdsi e idsioey IN PHILADELPHIA, Special Dispatch to The Chicago Tribune, PHILADELTNIA, Pa,, Sopt. 18,—Third strect was thrown into an uproar st 11 o%clock thla morning by tho roport that tho old banking-house of Jay Cooko & Qo, had suspended. The rumor causod tho most n- tenso excitomont amid all olrcles, and tho intelligonce flow from mouth to mouth with lighteing rapldity, Tereons interosled, as well as those not intorestod, ter to nul- turncd their stops toward tho ofice on Third etrest to sco for themsolves the condition of affoirs. Very scon a constant stresm of peoplo was acen debouching from all tho adjoining streols into Third, until that streot waa 8lled with peo- plo, all intently and excitedly looking at tho ballding, Tho doors woro closed and guarded by officers, and all excopt thoso having business with tho firm wero pro- ventod from ontoring. Anxious and nervous faces peered thicough the crowd towards tho shutters of thia king-house, and now and then & voico would aal 1s tho nows true?” Nobody cared to auswor, bub stmply pointed fo tho door, Tho crowd cone finted "o augment; some " were draws S ly from. {dlo ' ourlosity, standlng on hio opposite aldo of tho street from the bullding, and looking up 88 if to read tho condition of affaira in the brond oxpanse of brick walls, Thoso mora immedi- atoly concerued in tho firm's’ busincss, pusbed their way noarer for tho purposo of gotting a closer and moro tangible knuwlodge of things, Thicker and thickor grew the crowd, Oftener camo the, question from new comers, whispered or spoken, inquiring as to the truth of “tlio roports ; moro and nora_excites ment prevailed. The policemen wora inexorable, aud only thoso known wars. allowed £0.onter. - Thosq who emerged from the bullding showed excitomont o ine tonge foeling upon their suspension, Itis pa yoi fmpossiblo to speak sccurately of the cauo of tho suspousion, Thoy scom to have been foroed s oporatio beoauss of tho Now York Louse, The dispatchos recolved from Novw York this morning by tho iead of tho firm wore as follaws ; # Nxw Yonx, Bopt, 18, —Rumor on tho strest of the fofluro of Jay Covke'& Co.” “Nrew Yon, Bopt, 18,—Falluro of Jay Cooks & Co, pronounced untrue,” 1+ New Yonr, Bept. 16.—Jay Cooko & Co, Lavo sun- nded. P famediataly upon tho reception of thesn dispatohes, tho doors of tho ~Fhiladelpla banking-houss wero closod, sud the crowd that © posse of oficors was called to’ maintain order: After n_short consultation, 1r. Gooko, Br., authorizad tho posting of a notice on the doors,” Tho crowd thon rushed toward tho spot, all being’ desirous of scelng and roading for thom: solvos whint wias upon it. This was {mposaiblo, and & volco from ‘tho crowd cricd out, ¢ liead it alond.” Tho demand for this ineroasod, fitly volcos secoudiig tho requeat ; whoroupon Mr, ‘D, M. Longstroth rea slond, to b heard fn tho middlg of tho strest, tho fol- lowing & “To THE PUBLIO: We regret to beobliged to announce that, owing to unexpected demands upon us, our offce haebeen obliged to suspend payment, In G few doys we will be able fo present a statement of our ajfaira to our creditors, Until that time, e muat ask for their patlent consideration. W believs our a e largely W excess of our liabilities, « Jax oo & Co.t Thaia ntatemont settled tho exiating doubt which atill iingerod in the minds of many of the crawd, who, not withietanding tho evidence which the closed doors of & bunking-liouso oxhibits, still Lioped agafust liope till almost tho vory signaturs of the firm was read, This reading was, howover, but for ono crowd ; that pesked away lo mako room for anothor aud shother, and, fhogho. Breont hour, the uows Laviig reached farthor and farthor, caused a ohill greater to o conatantly sugmented stroam pouring into Third atroct, Tho report flow like wild-fre, and Toards of Exchaugo and ofhor businesa bodics ad- Journad perforce, and thelr mombors rushed to swoll tho surging throhg that filod Third strest, Tha oxpressions upon every side wero thoso of com« miseration and of eympathy for a firm that Las always 80 highly maintained its credit, and which will raise up from this temporary prostration strongor than ever, inglod with theso ¢xpressions woro thoso of confidence {n the ability of tho firim to moot ovory dollar of Uability, to dischargo iteelf of all its great trusta an falihfully us 1t had always oxccuted them, Of this confidence there was suotlior evidence to any observer who stationed himself on Third irot, ¥rom tho moment tho announcoment was mado until tho close of ~bauking hours, thoso who rosd the card folt 3t lo Lo a statemont du which thoy could confide, thut the embarrassment was ouly for's fow days—ilia: tho nasots of so careful u firn wero larger than ita Habilies, Many reportors tried 10 gain admittance, and but fow wera fortunate, Tho roporlor of tho Eveniny Telearaph was tho firat (o onter, snd I followed shortly afterward. ‘lio Baukiug Room s darkenod ; the clorks wore scattered through tho builliug, soma in_groups, chatting sbout the dixaster, nud others as buslly cngaged at their books a8 upon ordinary oacastonn, W faund Ar, Cooke fu his privato offica calmly dls- Jatehing bis ordors, aud unexoltediy convoralug avout o suddon aud wiiospectod blow that hnd befallen him. He pleasantly wolcomed whoover called upon 1 to oxpreen sympathy and confidonce, He sald 3 ** You can sunounco that the firm has temporarily sus. pended. Pleasu siato alio that Detlovo ihis bouss will spoedily be relioved frum bocame g0 great ombarrasrmont, and that lo this end, if noods bo, overy dollar of the means possessed by the mem- betnof the Arm will be anplied. No ona who has o dollsr on deposit here will Joso it, Evory liability will be faltbfully discharged, I can say no more now,” 2r, Cooko then dircoted naticos of tlie tomporary aunponsion, s couched sbove, {0 be sont abroad: and slatoll that s ovent cloed tho doors o threo ofiices—{ho throo leading houses of the firm in Whahington, Now York, and tuis city, Then, with his brothior mombars, o commencod an fnvestigation_to ancartain tho exact financinl standing of tho firm, Tho temporary auspension of tho Amorlcan houso doos not offect 4 any wray tho London bouno of Jay Cooko, Mc- Oullough &'Co,, from whom camo this aftornoon tho following cablegram, Ita siatoment, when made known to tho public, created thio Iivelioat satisfaction, “'Lonpon, Sept, 18,.—Tho London firm of Qooko re~ eponds to hin surponston by stating (hat all drafis and lottors of eredit on thom, lsaucd by Jay Cooko & oy, will bo duly honored. g An o matter of course, thoro fa a great nmonnt of talk In reforonce to tho suspension, Everybody hns eomething to may, Somo of the remarksof promie nent Lrokers aro lnurcnung. Ono gentloman stated that the firm, in his_bollef, wero eavy dspositors In tho First Natfonnl Bank of Washingto, which has also suspended, One of our wealthiest brokors naid ¢ “This firm deokledly merits tho n)'m]'lllhy of the peoplo, as woll an that of tho Govornment. Thoy did much, vory much, to place tho Governmont on o nound fNinnnclal bantn fn {ho moat aritieal perdod of its caroor. 1 havo not the n"{;\llnnl doubt of their rcoponing. This 18 ono of thoso disssfers that may overtako the most prudent, A man must noconsstity dopend upon somo ono cles, Lot the lattor fail, and the former must, as o matter of courno, be nffocted by hin fallure, Tho market is very much dopresscd in rafiroad stocks, and Af. you wach closoly you will notico how some of tho shFend oparatots ufo now bising, {n (o expeciation, which I havo littlo doubt will Lo relized fust $he pricea will riso n a fow doyn” A great many firms will bo ‘sorlously affoctod, while somo will frrocovarably go undor, A old genfleman ‘who camo \I‘) 1o atrect, attractod by tha unusual oxe citement of tho throng, prossed up fo tho door of tho banking house, carefuily ndjucted his spectacles, and read tho notica of the temporary cuspenalon, * Well,” bo. exclaimed, “wall, thats too bad, = M, COooko's got sbout $10,000 of my money ~ behind thoso ‘doors, and, suspension A or no suspention, Iknow it's as good as wheat.” “I don't doubt that,” said a byatan lor, I Loliove that tho firm. 1l Toavo xio eroditor unpatd of his yust dues, T think that, if the firm 16 in a stross of weather, they ought to ablaln all the help thoy nced from & Govornment that you can almoat say ihoy saved,” “Tho houso of E, W. Clark & Co,, No, 14 North Third strect, dlosed their doors at balf-past 1 o'clock, 1t being understaod on_tho street that thoy had sus- nded tomporarily, Thia well-known firm was closo- y allled to the First Natlonal Bank of ‘Waseington, and it 1a expected that it will bo ablo to recover itselt 1n a hort timo. Upon the announcement of tho susponsions in Now York ana Phlladelphis, Pennaylvania Raflroad stock dropped suddenly from’ 533 t0 61, and. romained un- stoady, Mr, A, J. ' Drofel, this morn. ing, ‘Laying consulted with the' authorities of the Penusylvania' Raflroad Oompany, empowered Mr, Comblea to announce to tho Poard of Brokera that tho crodit of that Csrporation was unaffected hy tho die- saters to the Now Xork, Philadelphin, nnd ‘Waahington Louecs, and {hat its finances wore never in a botter coudition, When this atatomont wea mads, tho stock immediately reacted and soon commanded old pricen, At ail tho Third atreot offlces thero wero crawds of anxlous men,—men who carried loavy smounta of stock on pmall marging, end men who, with ready fllnd':, 1aid {n wait for a “drop” for judicious invests mon Tho scones In theso crowds wero sometimes amus~ ing, oven in tho distress which was occasionod to somp o, suddenly discovored that tho stock thoy carried Bad ek fa below o pricea ot which thoy ad takon e on. Ajman who hud boon, waiting for 8 rale In Central Pacific, inteuding Lo diaposo of 1t at sn ndvantage this ‘marning, found no snles, and, to his sgony, discov~ ored himeelf out $20,000 by the oporation. Men rushed fronzled to and fro,—aomo In doubt whothier they should hold on or Ict_go, others anxious to aell Deforo tho paper they Lold went down sny fower in tho seale, ~ At Drexol's, Jamison Polnter's, and tho other largo eatnblisments wero crowdod to hear tho Iateat own concornfug the changes in the various stocks that wero on tho boatda at tho Exchange, ‘Tho effect of tho panic in Amancial orcles sprears to Yo malnly seen in tho dopreseion of leading atocke. Yennaylvania, Reading, aiid Lekigh show tho following diffaronce sitice this morning: Vennaylvania, a, meg 533 p, m., 493, Reading, . m., Gd; p. m,, 61 high Navigation, , m, 3455 p, my, 3 “Che transactions at thio latter Fatos, howover, woro light, and they wero meroly nominaf, I have intor- viuwed severnl members of the Stock Board and othe ors, who kuow somowhot of the affairs of Jay Cooko & Co,, aa to tholr Nabilitics, and I can anfely say that no thréo men agreo 88 o (b probablo amount, Tho og. nres aro bigh, and, I think, much ezaggorated, and yory from five 'millions to fiftoen - millions aud twenty-ono millions, Ono broker remarked that market will bofn 8 panic for o long time, and that there i3 o unanimous foellng of symipalby’ for Ar, Caoko among tho brokers, and a goneral bellef that e will open shortly. As regards Mr. Cooke's promises, bosaa:, 1 bollcve that whntover Joy Caoko saye, hio will do, If 4t takea his lnst cent. Thacs the Kind of & man hie fs, T don’t bollovo thoro §8 & creditor of tho firm who will not get overy dollar hie hna trusted to it,” About 3 o'clock p. m., (he following notico was is- sued: A ciroulasr will bo iesued by Mesnes, Joy Cooke & Co. to their correspondents, to tho offact that they are confident of paying all demands, with a sur- plus; ond that the ouse of Jay Cooks, bcCulloch & Co,, of London, has not suspended, and that all tholr acceptances and credita will bo provided for." ‘The statemont of the firmithat thoy bellove their nessts to be largely in oxcess of thelr Uabilitios will give con- fidenco to tho public here that their houso will soon bo shloto resume, Hero all havo faith in the integrity of Jay Cooke & Co,, and in their abllity to extricato themsclves from their present difiiculty, It 1a roported that threo large firma will also suspond to-morrow. Messrs, E, W, Clarke & Co. {ssucd, at 9:15 p, m,, the following statomeut of thelr*afTairs : “Wa have, very nnnxmnte‘(’lj to oursclves, been obliged to suspend paymont to-day by reason of tho unusual demands made upon ua for tho return, of de- posits, In a very fow doys wo shall have & atatemont of our affairs to submnit to our creditors, until which timo we must ask them to indulge us, Wo have every reason to think that our nasets are largely in excess of our lisbilitics,” 1t waa currently reported, about 2 p, m., that Thomas A, Beott, of tho Fennaylvania Railroad, has failed for a argo :I‘lul. Xam in s position to moat ' distinetly con- radict it, To the Asaociated Press, PrTLADELTINA, Bept, 18,—As In connection with tho susponsion of Jay Cooke & Co,, mauy holdors of Nortlern Pacific Railroad bonds throughout the conn~ try will naturally foel concerned about their invest. ments, Inquiry hos been made, and developed the fact that the Northern Pactfio is largoly indebted to its fscal sgents, aud thorefore can lose mnothing pocuniarly by thelr musponsion, Tho rails oad. company will have to mako otler finanolal arrangements befors pushing forward its Lne, It hins its completed rosd and Govornment lan grant both mortgogod to sccuro it bonds, and the so- curity {s considored smply sufficiont, There {a no truth whatavor in tho rumor that the National Lifo Insurance Company is in any. way af- focted by tho suspension of Jay Cooke & Co, PiriapELeiis, Bopt. 18.—hers aro 1o how doval- opments to-night In the financial troubloa Love, Mr, Cooko will not bo ablo to presont a_stalement of his offairs for a dayor twoyet, Whilo thore Ia exclte mont among tho business community over the sun- ponsion, great sympathy is expressed for Mr, Gooke, and hopes aro enterfainod that ho will oventually ‘woathor the storm, Tho temporary auspension of B, W. larko & Co, was on account of advances on sccuria tics not mow availablo, From a publishod etatenicnt Dy them, it appears that the house will resume bus nosy at an early day, g IN WASHINGTON, pectal Dispatch to The Chicaao Tribune, WastINGTON, D, O., Sopt, 18,—Your correspondent was in Architeat Muliptt'a room st about Laif-pust 10 @'clock thia moruiug, talking with hin oflal n Fogard to tho thirty odd publio buldiuga he ds now constriict- g, whon tho notorious Louilsns, Congroseman burek in, palo sy doath, with tho sstounding alatement thit tho firm 'of Jay Cooks & Co, had suspended, and a ‘fuancial crisls vas ot Inst upou s, Byphor, for once, waa too serious not tobe fmprosalvo, and’ a sonsntionnl silenco of & fow ‘minutes followed, broken at lust by Mullet, who sald 1 “ By Georgo, thal fano nowa to mo, I havo beon oxs cing it 'for six months, Tho poopla of T ® country o 1 bay been ‘warned abont it ‘That Northern acifio Raile rosd hea burled thom)” In an fostant thio nows lew thirough tho Troastiry, and the atmos. ‘phere of the Department, n whicli 'the convorastion ‘wa golng on, was very gloomy indoed, Olorks, hbads of burcaus, heads of divisions, were pouriug out upon tho colonnade and at the doorways which_afforeed s view of Cooke's banking-houso, Beforo tho banking-houso fn question hundreds of peoply wore cougregated, Tho common romark was: “Wall, T thought §f auy concern was_well socurod, it was the ay Uooko & Oo,, which only seomed to b anothier namo for tho Troasury itsclf,? Tho banking Louso of Jay Cooks & Co, in tho Fedoral Oity is 'a handsomo, but mot ostentatious, ediflco, only two stories high, fronted with' marble, Bolow is tho banking-houso of {he firm} in the socond story is tho First Natlonal Danlk, which fa, by all rumor and bollef, an avpoudage au ullll;llo! the houso of Jay Qooke & Oo, It sald hori s commonly that the First National Bavk {s tho Govern< nbroker, which has taken all kinda of doubl- torlals In pawn, advancing upou thom, Dolow First National wua the houso of the Jay Cooke & Co, proper, ‘Flila houso was a kindly ro- ceptaclo for the drafts of all sorts of profesnional aud political peoply, Haro, nlso, the Natfonal Life Insur- anco Company’ bad i{a hoadquartors,—a corporation oliartured by ihe Fedoral Governmient 'cantrary {0 all fioou procedeuts, ‘Thin fub, s woll 34 thio Northorn aclfic job, was ' lobbied through Gongrosa by Bam Wilkinson'aud Willinu E, Chandler, T above referonce muy mako plain to you the sort o congers whiol Toy Qocke & Co, kept” up in tha Qity of Wasliluglon, “The partnors in this hoise prob» ably lind littlo kiiowledge of tho Work trausacted Undar thelr . entablature, "but the troublo with thia houss was ila ‘waut of ‘a respousible head. It ds gonorally belfoved that Jay Cuoko forced Heury D, Cooka {nto the position of Guyernor of this Dlutrict, in order ta givo bls huuse s paramount dmyportauce, snd neutralize other bankors, No firms in tho counlry have boan #o consplouous aa the Gookes and the Droxels, both of the provincial city of Phila- dolphia, v cutting each othera® thraats licro, xJu\muy ‘waa prosout around the Washiugton brauch e dhicago Daily Teibune, NUMBER 29. of Oooke's Honsa to anawoer ?Ilofl.lms, ana evorybod, yaa pelitioned for juformation, Arotnd tho éfiy. ol kindw of discursiva Sxplanations were rifo. Bomo faidk thnt the hiouso would bo on itn foot within a weok. dov. Bliepherd ~was mel, after tho roughuess of the inquiry, and ' esd s follows “Tho CQookes " aro g the Jlenenntest most, gracoful mon who hiavo triod banking in this: country for years, ‘They will outhead, hut tho agor Duainoss mon shinok their hoada aud said that n houss, lifch In roprenonted n threo American citicn and {ho! {ho groat flnancinl centra of Eurnpo could not afrordd tho ‘stigma of & sueperndon Af it had any availe ablo _rcaourcea or credits, Iredictions’ mados 8 year ogo that Juy Cooko ke . Coy Co. woro ombarrnased and 1 an uneafo condition ara now recallod, 1t waa then aesortod that the Compang wn carrying t0o large on amount of Northern Pacina Tailrond bonds, amounting, it 18 anid {o about 45,000, 000, and that tHo anlcs of theao bonda ouly cqualied o 'small fraction of tho iuterest thercon, which Cooko & Co. had pledged themaelved 10 pay as it becamo due, Tho linbilitics of tho concern are catimated varionsly ot from $7,000,000 to $20,000,= Tho Firat National Bank fa fnvolved to th oxtent of zotlosn thun $100,000, including ovor $120,000 et clency in tho resorves which the banl shonld havo nad on deponlt, as roquired by law, When tho Inst report of itaconditfon was mado to the Comptroller of tha currency, it was sliown that tho bank was_short in it Tesorver to about the above nmount, Knox fonnd foult with the bank for sllowing. thia discropanoy {o oceur, and demanded that an fmmedinto squaring up o mado, but the bankt suthorlties hnd, 1t {s raid, madd oxciines 0f all sorts, from time to time, when theas demands wero ropeated, and Lnd falled up ta to-dny to comply, Tho Efrat Natlonal owea varions amotints of mondy fo noarly overy Natfonnl Dank in tho conntry for mulilated and worneout currency nnd Hntional Danke noten, forwarded to tho Trcanury through tho Firat Nationsl ncre for redemption, Tiocelver in to bo immodintoly aprolitod, Bocratary Richinrdson has but littio to” ray about the mattor. Tie does not fear that fhie Goverument will snatain any nerious loss, If any there may provo fa e, it can only b asceriained after tho examination of tlio Rocetver shall bo made. Tho naunor of Szcrolary ichardson, as well an of Complrollar Knox and 8 fow othor officials, 18, to nay tho least, ominous, Tho Evening’ Star odllorinlly saya: “Wo ara glad to learn, from well-informed” pernons, that tho susponsion will bo but tomporary, it belng caused by tho overloading of = tha firm with Northern Pacific Railrond bonds, Tho firm. linving furnished very Intgo smiount in tho constriic- tion of the road, and belng unablo to disposo of the nocuritioa, wos compalied to sumpend, Tho firm fs o very weallliy one, and wiil donbtlons soon right lrolf. The suaponsion dacs not extond to tho London house, which 13 in good condition, with Iargo surplus,” Tho _Administration Jepublican will coninin a doublo leaded editoriat to-morrow, raying : “ Tho fall of the liouso of Cooko & Cn,, i, in many rcapects, moro important thon tho overthrow of monarchs. Thio ovent, i whatever Jght it fa regarded, la s nne Honal calamity, and we nro confident thal the snuouncement of the suspousion was overywhero ~heard with tho most genuina and beart-folt rogrot. The Llstory of tho firm was, ta o great oxtont, part and pareel of the financinl bistory of the Govorniont itnelf during tholnst thiricen yoard. The country can mever forget what Joy Cooka dil during tho first gloomy months of tha Rebollion, “sny more than it can forget tho mames of fho Caplains and tho roll of lts dead warrlors, Mr. Chato #at helplens in tho Troasury, Br. Btanton wa powerless in the War Dow partmerit, until b showed them how to tap tho well apring of tho national credit and call forth tho un- Limited fluacial resouscos of tho Republic, All this the country will forover romembor, and_now, iu tho bour of his calamity, will oxtond to him its fullest sympathy. This, howover, fa not tho tma to writo his oulogy, Tho falluro was, it sems, causod by immenso transactions in tho Northorn' Pacifia Raflroad Company, and in othor companics cone nooted with il Notwitbstanding fthe fm< monso grants sud concessions it obtalned from tho Goverument, tho cnterpriso has boen from thio boginniug o faflure, Tin bonda have nevor obtatned a foothiold in tho monoy market, but tho firin, with it immenne resources and n Justifiablo prido in il own strength uud power, dotermined to carry it to wuccess, Tho ' result is told in our dispatchies, Tho houso has fafled, and ita faflura is vory great misfortune, At tho prescut ‘writing it 18 not possiblo to eatimato tho lossea of tho firm, but thore i reason to bollos that they aronot o Iarge as ia popularly beliovod. o far ns tho businces of ‘the country s concerned, it hnd no percoptible influence, Thé moral effect of tho fafiure {4 tho worst. aspect of it, It eema strango that o houso 80 woll c~ tablished, 80 atrong In all ita relations, ebould wus- pond, but, when tho immouso obligationa which 1€ undertook to carry are ftaken into considera- tfon, con ° hardly bo o matier of surprise, Duringtho lnst fow years thera has been ontiraly tog much speculation, cspecialiy on tho park of somo of our lending baukers. Jay Cooke & Co, wne fortunately vicldod ~ to tho ~ templation, and thoy bavo beon swept sway in tho current. They wero s0 strovg snd confident that they undortook, of themaelyes and by themsolves, to carry out tho mast gigantic onterprises, which would tax thia strength of a Government cven a8 strobg an our own, But T tlieir ful Tt fa £ thelr Menor fuat thoy mons aro the sufforers, Tho Northorn Pacifio dine oster doos mnt dnvolve any matorinl lo.s to anybody excopt themeclves, Thelr fuflure 1s one for which they need not biusls, Tho fatest {nformation on tho subject iy to tho effect’ {hat tho suspension {8 only temporary, snd that the firm will resumo buele ness in o fow daya, an oxpectation which it i to ba hoped will bo realized, indor any cireumstances, tho result of the suspen- slon of Jay Cooko & Co, will'not nffect the valuo of our District sccuritica, ‘I'lio senior momber of tho firm; while exresning kdudly interest in tho progryi of 'ho District, has firmly oud persisioifly doclined at 'sll times ' to open mn account with tho Governmont for tha negotintion of its seourities, o has ropentedly given os n reason for thia course, tho fact thiat tho oporations of tho housa in that class of business wero nocessarily confiued to the roquiremonts of §ts raflrond enterprisce, In short, it s safo to mssert that tho dircct infiuenco of tho affair will bo confined to tho moneyed circles of thio largocition and tho class of Dooplo who may be i tereated {n railroad securlties, We have tho best of Tonsons for slating that the District banks, outside of tho Firat Natlonal, ate perfectly solvent’nud sound, totally unaffected by thie complicationa of Jay Cooko & Co, Tlio Chronicle cIaims to havo tho best muthority for enying that the fatlure i us completo a surpriso to tho loading members of the firm as to the public, “Gov, Gooke returncd from Philadelphin ou Wednosday, and, although, for somo days, tho firm bave been Inboring ' under tho = pressuro of n _eovera tmotiey stringency in thelr oporations, etfil ho waa Tally patiafed that thoy. would avold’ tho supsront danger, and meot_tholr obligations and bo nblo ta sccuro tho renowal of their paper, and tho firat ju. formation ho had to the contrary_was tho dispatch aononnclng _that their Now ~York louso and then tholr Philadelphin houso had cloeed, Which, of courso, compelled rimilar nctfon, To mect tho last yment of intercat uud protect the charactor of thele Bonds was thio mmedisto. dificuity that oecarioned suspension, Owing to the complication of businesa nintters, renowals could not bo_obtained, nor sddis tional advances scoured, and, as o conscquénce, thora was no romedy but ’eusponsion. Wo are authorized to say thiat tho firm havo been ongaged in no goueral speoulations in stocke, and Lave met with Do fnancial disaster further than fn Lero stafed, Tha best that can be dono for all intoreats ia to give th Srm our assistance in_regsining_position, iu placa of adding to thoir” embarrasawont. in usoloss clamor aud demand.” [7o the Associated Press,) 'WABIINGTON, Bopt, 18,—Tha_Chironicle of to-mor- row, alluding to the closing of Jay Cooke & Co.’s bank, this city, says it Las tho best authority for raying that tha fafitire is na complote & surprne to tho leading mombers of tho firm a8 to the publie, Gov, Cooko re« turned from I'hiladelphia on Wednesdoy, nnd although for somo daya tho firm have beon laboring under {be ressuro of severo money nlxln&uuc{ in their operas ons, at{ll he was fully satlsfied that they would avol® apparent danger, and meot thelr obligations aud ba ohio to sconrs o ronowal of thelr paper, and the first information he lad to the contrary wasa dispatch sunouncing _ that thelr New York houes and then thelr Philadelphis houso had closed, ‘which of courso compolled similar action hore, Tha Chronie cloalso remarks: * Tho firm fa composed of gentle- men of Iarga personal wenlth, and tliey glvo tha most positive agsuranco that jndividual depositors shall ba protected, and that they will bo able in a short time to Tesumo business, Wo are suthorized to say that (he firm have been engaged in no general spoculation in stocks, and have met with no fluancial disaster further than {a liore iatod, Tt was sald sbout tho Troasury Department to-day that thero was yesterday passed to the London firm of Jay Cooke & Co, a warrant for $1,000,000 to pay the naval officors abroad, but that Do« rtment has beon advised that the warrant will o te urned,"” ‘WastINaToN, Sept, 18,~The First National Dank hies suspended, Secrolary Richardeon aud Comptroller Knox aro i consultation this afternoon in rofurence to tho suspon= slona liero, and a Rocelver will probably bo appofuted to tuke chargo 3f tho First Natiounl Dauk, Tho Bocretary of the Treasury atates that the Government doea not lose by the suspennion, the deposits of the Qovernment oificora in the Firat National buln‘( fully scured by thio doposit of bt inatitution in tho Na- tlonal Treasury, As to tho SByndicato operations, tha balance ia in favor of the Government, they having overpad at tho Iast scttlement, Lato {his aftornoon thero was gomothing of a run on the Washington Olty Bavings Dank. All domanda 80 far lave bron Drowplly mot. —_—— ALONG THE NORTHERN PACIFIC, Spectal Dispateh to The Chicago Tribune, Duvvri, M., Sepl, 18.—Tntenso foelng hero In regard to the failiro of Juy Covko & Oo, Special Dispateh to The Chicayo Tribune, Fanao, D, T., Bopt, 18,—Thu_ozcitoment alang tha Hus of tlio Norflicrn Paciflo Rallroad aver tho roported falluro of Jny COaoka & o, oxtonds from Duluth to Blsmarck, Dakols, ' It prosirates overytbing, sul uothinyg olso is talkod of. Extras huye heen iusiied by ot of 1ho papers, aud o focling of tho profoundect Tegrat woems o bnvo sattled down on all, g IN CINCINNATI. Npectal Dispatch to the Chicago Tribune. CINOINKATI, 0., Bept, 18,—The announcemont of tha failure of Juy Couke creatod universal cominent anl caused » couervative feellng i mioney cire hud thera {8 1o excilement over tha oyent, ‘The Clncinul correepondonts of tlia howio of Jay Gooku & Oor ut} but. alightly affooted by the fallure. Thero aro bul fow’ Northorn Pacifio Raflroad bouds hiore, aud {hoea " Contined on the Biahth Faae.