Chicago Daily Tribune Newspaper, September 20, 1873, Page 1

- The Chicano Dailp Teibune, VOLUME 27. TRUSSES. RADIOAL OURE OF RUPTURE! From Dr. Gridley, 514 Wabash-av. Meurs, BARTLETT, BUTMAN & PARKER: DEAn Sms: Your Common Sonso Truss has, in my oa and to me, certalnly demonstratod the fact that sald Trusa fa the most reliablo Truss fnuse. Ihad ono of tho most difficnlt and troublosome ruptures develap ltaclt on mo that I hava ever ind any knowledgo of, snd duting the Srat throo months thereaftor I hiad occasion to, and dld, try all tho difforont makos of Teussos that are kept 2alo in Chicago, oxoopt yours, I thon, through my own inventive powors, made and fittod to mysolf sovorsl dif- foront onas, which proved more effectusl than any X bad yottriod, But, with all my efforts, I could get nothing it would hold up the rupturo with safety at all times, and aa & last rosort I prosontod my osss to Mr. Parker, of your firm, whoto vory superfor akill in the business, ovor all othors I bad triod, in connoction with tho Common Benun Truss, succeeded to most offectunlly it me, Idis- «covored somo two wooks suce that I was, and am now, entlroly cured of tho rupture, which s cortainly that ‘much (the curo) moro than Levor expooted. X beliere tlie Common Sensa Truss to bo tho only Truss that con- tainu overy ossontlal principle and quality required in the construction of & PERVEOT TRUBB. 1am, rospootfully yours, ¥. R, GRIDLEY. MANUFACTURED BY BARTLETT, BUTHAN & PARKER, Omce 60 State-st., cor. Randoiph, Chicago, - Trusses of all kinds, Supporters, Shoulder Braces, Filastio Btockings, Instruments for Deformities, &o., &e. A lady in attendancs to walt upon ladi CLOTHING, Our stock is now complete, and we would ask buyers to call and examine our goods and ot prices. Our stock is the argest and most complete ever exposed for sale in this city, and embraces all the Tatest Novelties for MEN'S and BOYS' WEAR. ‘We have also a very large as- sortment of MEN’S and BOYS’ UNDERWEAR. In our. CUSTOM DEPART- MENT we have a great variety of the very latest IMPORTA- TIONS of FINEH WORSTEDS and WOOLENS, which we will guarantee to make in a style not to be surpassed by any house in the city. WILDE, BLUETT & 00,, (Formerly EDWARDS, BLUETT & C0.), Northwest Corner State and Madison-sts. IRON PIPE, ENGINES, &o. B e HSTABLISHED 18563, 'WALWORTH, BROCKS & CO., 243 & 245 Lake-st., OETXOAGO. LAP-WELDED, WROUGHT Iron Pipe, "Tosted to 500 pounds prossure. FITTINGS,VALVES, &c. For Steam, Gas, and Water. STEAM PUMPS, Tor Feoding Boilors, Proteation from Firs, and all other ENGINES, BOILERS, BELTING, HOSE, &c. BOLE AGENTS FOR oOTIS, BRO. & CO.S, NEW YORK, STEAM Safety Elevators. Alno, Contractors for Btosm Ifeating and Veutilating. AT Tow, ahd informtion on applioation Plpo, by th r-load or in largo lots, s FINANCIAL. Adam Smith & Son, Bankers, TFirst Naticnal Bank Building, soufhwest corner of Stae aud Washington-§ts., Chicago, Dealers in Gold and Silyer Bullion, Bar, Tionf, Sheot, and Granulated Form for mo« chanical putposos. Doposits rocelved in oither aurrenoy or ooin, subject to check without notice. 8ix per cont interest allowed on all daily balances, Ohecks upon us pass through tho Olearing- Houss, 0s iT drawn upon any city bank. and sccounts-current Tntorest oredited, rendored monthly. E Coin and Curronoy Drafts on Now York. SAVINGS 105 CLATUK-ST., Meihiodlst Church Block, Bl + {ntorost doposits, . S g AT :;'?E‘gb” ‘;3:!"' ”;"b: ":" Wat, Kroary Rerp, Gasbiar. Ay NOTE, —Until furthor notlco, any boy or girl calling at GRSl furtbor naticq, any borof U S KA e Ginto Gopositea Lo his orBerorodity whiah sum can be drawn out at ploasure. i DI, We colloot claia of evory desoriptl ¢ pari PR FAR Y R g SR Lo mames of thoso who don't, pay, emi-dgnual reert ready for dolivary to subso 3 i MERGANTILE GOLLEOTION "RGENGY, 146 Madiron: » Chicago. TO LOAN. 87,000 for 5 yenrs, nt 10 per cont Intorest. OLARKSON & VAN 8OHAAO! 82 Dearborn.st. BUSINESS CARDS. J. C. MAYBERRY, COMMISSION MERCHANT, (o, Grass Seels, Dvesed g, &, NO. 2 CHAMBER OF COMMERCE, OHICAGO. £~ Lurabor purchasod by the 3 ST fanberpaiihaind by to'earno aronsloadylios WANTED, ANTED—=AGENTS-.IROM 875 o 8200 per month, everywhero, to scll onel of the most useful articles over invontod| neodod in evory family, Sond for Olron-Ji lar, Addross, BECOMB & 00,, 157 Btatoat,, Cinoago, 11, FOR SALE, IRON BEDSTEADS, Ohtidren's Oribs, and Flowor Stands, of . fion é;."‘x.':\;fiqun‘: -:'r‘v..mu:'fl".'f m;"n' 6’}&’6"63"1'?&'& STE. ., Van Bus P Hadgrioitay 1 ored aad Dotnlata POCKET KNIVES, THE FINEST VARIETY IN THE WEST. Buyars, ozamino our recont lmportations. BIGGS, BPENCER & 00., 85 Wabash-ar, Dramatic Clubs & Amatenrs, A tull list of Fronch's, Lacy's, aud Cumborland's Plays sways on band by M. J. McGRATH, 163 Bouth Det . BASE BALL, do. Deat stook in the Wost at KFLLEY'S, 3 Madlson-st., Tribuoe Bullding. e, Fao- GIFT_CONCERT. TEE SHORTEST ROUTE T0 FORTUNE. $100,000 for only $2.60 THE LARGEST RETURN FORU THE SMALLEST INVESTMENT. one year, one Llook frum buragoa A GRAND GIFT CONCERT WILL BE HELD AT LEAVENWORTH, KANSAS, December 3Ilst, 1873, FOR THE BENRFIT OF A JUVENILE REFORM SCHOOL. $4.0,000 Gift, $4.50,000 in Prizes, Principal Prize,$1 00,000 of the suporb palatial rosidonco of Simon rivato dwolling in tho locks from tho Gourt. rounds, orchads, he bufldlng bas’ boun only omplotad with all modern improvomonts, PRIZE LIST. 13 Prizcs, Renl Latato, 81560,125 Ziqni’r:l{.e.il, % la a0 I i H 5l adl4B 400 40,000 Prizes « - - Tho title to the abova roal estata Is gusranteod porfect. The liboral terms of this scheme brings it within the renoh of all—the greatost opportunity evor offerad to the ‘poor man 10 riso to wealth, PRICE OF TICKETS. Single Tickets, $2.50; Bloven Tickots, $36.00; Fifty-six Tickets, $135.00; One Hundred and Fifteon Tickots, $260.00. The drawing will bo mado undor the suporintendenos of a committce appointed by tho highest oificials in the Btate, duly awors to tho faichiul porlormsucool tho du- tiea asrigned them., “The Lighiost oficiala both of City, Ocunty. and Stata ot only indoreod Br. Abslos, ‘but aluo hix scheine. ‘lomaad for tlokots ia unparallelod, and all dusiring to partioipato {n tho drawing should atonoo form thulr olubs sad'sond fa their vrders. AGENTS WANTED In all Staten, Cities, and Towna In thie United States and Crnndl F2~Money should ba sont by Reglatored Lotter, P. O. Ofdor, of Fxpress, with the full adsoss of tho putohasor in plaln writing, 'Wor turther information and pactioulars, sond for cirou- Iacs to the Mausgor and Propristor, and 'address SIMON ABELES, . Leavonworth, VALUABLE PROPERTY On Sherman-st. AT AUTUCTION On Saturdsy Afternoon, Sept, 20, st 3 P. M, ON THE PREMISES, We will sell without resorve, Lots1l, 14, 17, and 20, 35 foot front oach. North balf of Lot 23, 15 foot front, Bouth 34 feot of Lot B, making 183 feot on Shorman-st., in Blook 103, Bobool Beolion Addition. ‘This propo: ocatod botwoon arrison and Polk- sty opposits hodenchgonnda, Tllloperiost, s ayablé fn four yoarly squal paymonts, teom Bogt b, 16155 97,000 cast, bo RReo T and 2 yoars. WDl. A. BUFTERS & 0., Resl Fatato Auctionoers, 144 aud 143 Doarbe NORTH EVANSTON, Some of the best located Tiots in this village for #300 to $400, in $10 monthly payments. ‘Also, good Houses for sale on easy torms. TRallroad tioketa furnished to parties desiring to exam- lnuc_hnnmpnm. WM. P. TEIATYER, No. 144 LaSalle-st. EFHOUSES AND CHOI0E LOTS AT NORTH EVANSTON, FOR SALE ON MONTHLY PAYMENTS, Partlos takon to 860 the proporty, JOHFIIN CULVER, No. 144 LaSalle-st. REAL ESTATE BARGAINS, thesst cornor Wa (0 Lot NS e 5t 80 Nithin » fow days. $150,000 s ol A Most of purchaso monoy on 7 "yv!lfll‘ ATLSO, A handsome Jlona-lrnnulwcllln[ No. 00435 Miohigan. av. (3-slory an ‘asoment), vory ohesp, Usah paymont amall, The above proporty belongs to a non-residont, and mut ba sald. Aj}nlf“{m’nm o moge Bl somer Clark and Washington-sts, HATS, BREWSTER'S HATS, NORTHWEST CORNER Clark and Madison-sts. Furnishod Houso on the Houth Side, for six monthsor ra. & VAN BOHAAOK, SOV € Doarbornaty INSURANOE. Insurance Company NORTH AMERICA, OF PHILADELPHIA. ORGANIZED A, D. 1104, Cash Assets - - - $3,276,738.91 SPRINGFIELD FIRE AND MARINE INSURANCE COMPY OX MASS. Capital & Surplus $1,070,742.01 ROYAL IS, €0, OF LIVERPOOL. Assets - - - - - $12,105,855.70 T.osses Paid by Above Companies amount to over Fifty Million Dollars. C.H. CASE, Agent and Managor, 160 Washington-st. CONIAD WITKOWSEY. INSURE WITH THE HAMBURG BREMEN FRE INSURANCE COMPANY, OF HAMBURG, GERMANY, 0. Z, A¥FELD, Assets, Over $1,800,060.00. REINSURES TWO-THIRDS IN OTHER GERMAN GCOMPANIRS. CONRAD WITKOWSKY & 00, Agents. STAATS-ZEITUNG BUILDINGS, 171 and 173 WnnhlnEknn-lQ AUCTION ROOMS, NewReal Estate Rooms WM. A BUTTERS & CO0,, Real Estate Auctioneers, WAVE LEASED Rooms 3 and 3 in Hawley's Building, Nos, 144 & 146 Dearborn-st, 8.. COR, MADISON-ST., For the purpose of conducting the REAL ESTATE BUSINESS. Spocial attontion will bo glven to AUOTION BALES of pruporty o tho ground, or DAY and EVENING SALES at thoir Rooms. T:0r now bavo on olr bonks & Iargo list of property £ AR B e B e A S Tavids o AR S haa sty * oxpori IR 5 ad thirtyfive yoars® expori: et Boiv a Roa] Katato Auctloncor (scventocn SPSRHiet ‘i s had 15 Obiongu), and wil 5o hia por al attontion to this branch of thols businoss. A C.BELL & CO., OF INEW YORKEK, DPRAPERS, AND IMPORTERS OF FINE WOOLENS. Full line of Bamples, Styles, &., at Grand Paoiflc for o tow davs. Patrons and the pub. lig are invited to call, Represented by B. BOUTEN. GENERAL NOTICES. Clisago & Norhwestom. Ry, NOTICE TO SHIPPERS. On and after Monday, Se;t. 23, all freight for Madison Division of . . Railway, and for Winona & Bt. Potera Railway, Wes! Wisconsin Railroad, and points in Wisoon~ sin snd Minnosota, should be delivered at ‘Wisconsin Division Dopot of the Chiocago & Northwostern Railway. . 0, WHELLER, Gon'l Frelght Agon 1L WARFIELD, Coutracting Agent, = ‘Cornor LaSallo and Randolph! “Ward's Collars.” ‘Western Branch of I. M. & W. WARD, 184 Bast Madison-st., have disposoed of thoir atock of * Argosy,” Oloth-faced, and Papor Qollars, to J. H. & I. M, FRANK, 74 and 76 Third-av., botween Harrison and Van Bu. ren-ste. In future all ordera will be prompt- 1y attended to by them. 0 CABINES, TRUNY, FURNTTURE, AND CARBIAGE, YANUEACTURERS, Walisvo rocontly placed 1o aue mill a e8-1ach Begmont saw for rosnwing all kinds of lutabor to 30 inchos In widtl, faking out loss kerf and making thicker lumber than n.g S Sumwiag-machino In Ofjeago. Hacking on han nilimade toordor, Wo lavito tho attontion of manufac- turers to our work, snd to the largost Bogment aaw in OLARK & HUTOLINS, tory, Quarry.at, & Arshietay. COPYING PRESS STANDS, TAW Y BERS COPYING PRESS STANDS, With Forty-thros Compartmenta for Logal Blanks. CULVER, PAGE, HOYNE & €O, . 118 and 120 Monroe-st., Chicago. GONBUMERS will find 1t profitable to get our prices L JONBUMERS wil fad 1t rofiabls 10§45, TS Whelossio and Ratall s, Printers, and Diank fo REMOVAL, REMOVALI KOHN, WINEMAN & CO, Tinte A, & H. Kohn & Co,, of 50 and 58 Wa- bash-av,, havo romoved to thoir spacious and ologant rooms, - 106 and 107 Wabash-av., Totwoon Washington and Madison-sta,, sud will bo glad 10 walgome all tholr friends and oustoyicrs, ~ PROPOSALS, PROPOSALS FOR SOEOCT: STTE, Near Corner Twenty-sixta-st, and Weatworlk-av. foald provossle whl ho, rosolrod s, Tioagi ut ¥ boation, Heom 8, Tl st Sl tosoll 10 fool lmu(.‘;lnlr tho corner of soloat Tl Tond thn 10 Lo sale to b ntane o and ‘I aix al - e A e o alkdiogs aud Groundi,” and indarsad * Fropossls for Sohivol Sl BUBBLES BURSTING. Nineteen Failures Among the New York Rail- way Operator Agents of the Central Pacific and Pennsyl- vania Central Go- Down. Run on the New York Union Trust Company Weathered Only with Help from the Other Banks. Who Feel That They Must Stop the Run or They ‘Will All Collapse Together. President Grant Mastens Back to Washington Determined to Stop the Panie. Sceretary Richardson at Midnight Orders the Purchase of F $10,000,000 of Bonds, What tho Secrotary Thinks of tho Hopoful- ness of This Expedient for Reliev. ing the Market. Interviews With Richard Schell, Fisk & llatch, and Other Bapk- rupt New Yorkers, Nine Failures in Philadelphia---The Run on the Washington Freed- man’s Savings Bank. Comments of the Press on the Failure of Jay Cooke & Co. and the Fate of the Northern Paciflo, IN WASHINGTON. [T the Assoctated Press.] TIE PRESIDENT TO INTERVENE, WastmeaTor, Sept. 19,—Gen. Grant arrived in Washington this afternoon, and_bas had s conference with Secrotary Richardson, and hos dotorminod that the Treasury should come to tho Tescuc of tho New York market to-morrow, by purchasing largely of bonds and depositing a portion of the Treasury bal- ance {n thie National Bank dopositories, in order o stop the panic. The Presidont s fully dotermined to meoy tuo emergency at once, - Spestal Dispateh toThe Chieago Tribune, LATER—TEX MILLIONS OBDERED ROUGHT, At s fow minutea beforo midnight tho Secrotary of {he Treasury himaelt wont to the telegraph office, and sent a measago to the Bub-Treasurer at New York, di- ricting him to purchase §10,000,000 worth of bonds to-- morrow, By this sction oyer $10,000,000 {n curren~ oy will be thrown upon the market, which {t {8 expect~ & will give immediate rellef. Wasnmvazox, D, 0., Sept. 19,—1t must ba confessod {hat, without any special reason therefor, A GREAT ADYANCE TOWALD TUE RESTORATION OF PUDLIC CONFIDENCR hes been made, The ssvings banks despositors bave not yet got over thelr panic, and the xun to-dsy, par- ticularly upon the Freedman's Savings Bank, has been somewhat sharp, The cheerful faco put upon matters by the Government has gone s groat wey in this local- ity, togother with the promisod sssistance Dy the Trossury in tho mattor of ourrency to the banks hers in cmse of o rush, Dispatches have poured in all dsy to the Becrotary of the Treasury, from the principsl citios of the country, but munly from New York, to tho offect that tho numerous suspensions being re- ported trom hour to hour {o-doy, Whils thelr welght temporarlly doranges business, certsinly would not produco a general panto o crisis, " TREASUDY OFFICIALS ON TIB SITUATION, This tatho oplnlon of the Bocrotary ss well s« {ho Comptroller of Ourrency, aud other principal Treas- ury ofiiclals, The Socretary 16 not vory communica- tive, and appears o bo conaiderably worried on acx count of the unsettled conditlon of Snancisl and monoy mattors, Whother he will fool f his duty to rendor sny matorlal sssistance in quieting and rolieving the money market caunot bo surmised, for ho makoa ovasive snswers 0 inquirics regarding his own intention in thin matter. GRAVE DOUDTS OF TUE SEORETALT. o fs roported to have sald to-dsy that ho could do nothing further than o sdvertise for tho purchase of bonds, from the fact that tho proposal issued for 500,000 Iast Wednoaday anly elicited offers of $95,000. o doubta whethor sn atiempt to purchsso bonds would be succsasful to sny oxtent, or caloulated toro- leve the prosent stringency, AX FXPEDIENT SUGGESTED DY TIIK DISTRIOT GOVEBNOD. However, Judgo Richardson readlly granted tho re- quest made by tho Governor of this District this ‘morning, that in view of the scarcity of eurrency tho Dbauks hore might, if mecessary, doposit in the Bub- Tressury in Now Yorkand draw curroncy horo by tolograph. Asimilar requost from Now Orleans and Ghicago was Tofusod, only o day ogo, on the grouud thot ft i not the provinco of tuo Tressury to engsge in banking businoss, and that compliance with thi- zulo would practically result in ‘placing tho Treamury Departmont n compotition with private bankers, snd would give tho Department tho power of fixing tho rateof exchange, depriving tho privato banking business of commission., ‘With tho oxecption of tho Frocdman's Savings Dank thoro ins boon o loavy rum upon tho banks in this city. THE BOXNES WITNESSED AT THE YREEDMAN'S BANE since the pento began havo becn smuaing, intercstings and ludicrous in tho ostromo, Nearly ita wholo list of dopositors consiata of colored people, o largo proportion of whom hovo on depoalt tho fow dollara which com- pris thelr ontire fortunes or savings for soveral years. Tholr foars Liaving boen aroused, most of thom oxbib- ited a patuful degreo of anxioly to draw out, TIE DROKEN DANKS IN WABHINGTON, Tenry D, Cooko atates emplatically, that the bank of which Le ia tho head here, Las abundant resourcos, and will pay sll dopositors, sa well s meet all thelr ob- lgations, Mo sluccrely Ueoves tho bauk will open Wz doors and resumo its busines on Mundsy o ‘Tucsdsy mext, Tho Flwel Nutional bauk cannot resumo uuder its old organiza- tlon, Edward L, Btanton, Socrotary of tho Dlatrict of Columbis, and son of the ex-Sccretary of War, will, a8 Rocalver, begin a thorough examination to-morrow morning, One of tho ressoms given for ths suspin. plon of the First Natlonal is, that (he concern was drained of its deposits by Oooke & Co, TUB GOVERNMENT 5XQURED FROM LOBS, Tho head of 0o of the most important Birtaus in E CIIICAGO, SATURDAY, SEPTEMBER 20, 1873. NUMBER 30. the Treasury saya the Government will not ikely lose snylhing directly by the faflures, or finsncial panic, but may anffer to eomo oxtent in consequenco of the aiminution of revenus that will doubtless follow, e IN NEW YORI Speetal Dispateh to Tha Chicago Tribune, New Yonx, Bept, 19.—Do not trust reports which make (hls any more than & mintature Dlack Friday, Thero !s only consonance of datoand tho same actors oo in that financisl tragedy in which ench dragged away his own corpso. Tho natural agitation which ox- cites a bellof that the presont s greater than tho post gives rito to = TNEPORTS WITION EXAGGRUATE TIX FACTS, and make tho lesscr calamity appear tho greater, The trutli s that the sgitation hma beon causod; not by largo speculations, but by general suspiclon of Lousts which have been backing rallrosd enterpriscs of doubt- ful vitality, and, naturally, stocka have suffered de- prossion in the huste to realizo on them, No bank bas boon broken or suspended. TIUX RUNS IAVE DEEN ADMINADLY SUSTAINED, and, in fact, Inughed at, Tho savings banks have been absolutely undlsturbed, Genorally, ins great panics {hioo Iatior are tho first {0 suffer from fears of small dopositors, who aro easlly exlted. The brief summary of dinastors of to-dy shiow NINETERN FAILURES, Ot theso only one 1 really fmportant, and thia 18 sup- posod to be only temporary, The following i8 & com- ploto and accurnto lst : ‘Fisk & Haleh, who have made Jarge sdvancos o th Chesapeako & Ohio Ratlroad, Boach & Edwards ; do. White, Do Fristus & Tathbono ; do, Eugens J, Jackson; do, ‘Thomas Reod & C W. H., Warren ; d George B, Afley & Co,; do, Groonleaf, Norls & Co.; do, Theodore Burdoll ; do, Amos M, Kidder ; do, 8, H. Smith & Scover § do, Doy & Morso; do, My & Wernor ; do, Vernon & Hoy ; do. Hiteh & Co,; do, W, E. Conaor; do, Whittemore & Anderson ; do, Jacob Little & Co.; do: E. D, Randolph & Oo.; de 1t will boscen that not s single mercantilo houso has failed, Indecd,itis safoto say that thus fsr nono hovo boon affeoted or in sny way disturbed, Tho panlc, 50 far, hins not, extended to business or bauke, ‘properly speaking, nor 18 1t Iikoly to materlally offect industry. It comes entiroly from building and ex- tending rallroads in advanco of the ncods of tho country, EFFEOT OF TIE MADKETS, Early in {he doy the stock market was wild with intense oxcitement, and confusion, born of doubt and dread, relgned in the Board, Tho firat offoct of the thousand and ono exsggorated rumors, sct afloot befors tho brokers had gathored thotr acattered sensce, and whilo the frightened bulls were unloading at first quo- talions, wes to dopress tho wholo Hne—not by frao- tions, butby full figurcs, Central droppod & ; Har- lem, 30; Lako Bliore, 4; Northwestorn, 7; Rock Teland, 0; Milwaukeo & Bt. Paul, 7; Unlon Pacific, 4; Hannibal & St, Josoph, 9 ; Western Union, 10. Upon these bronks oll the houses montioned above falled, except Fisk & Hotch, which had closed early, All theso houses, except tho last four nsmed, were ofiicially an- nounced in the Btock Board at the opening hour, By 1:30 tho rest hnd gone under, Dy thia timo tho brokers hod gathered thelr scattered nenses. - DOTTOM WAS REAGHED, and atouter houscs and hearts refused to soll lower, Margins bocome casler, and a rumor that the Lank Presidents had met and resolved tostand by each other restored confidence in & degroo, Thoro wasa lull in the excitoment, both inside and outside the Board, sud stocka began to rally, Central advanced 3 of the 4 polnts lost; Morlem closod with n loss of 14 inslead of 90; Lake Bhoro regained 8 points; Northwestern, 6 ; Milwaukeo & 8t, Poul, 53 : Union Pacifio recovered wholly ; Hannibsl & 8t, Joo, 7; and only Western Unfon was hopolessly depressed to 09 from 78, which had beon the quotation in the morning, This rally waa great comfort to the brokers, and the Board closed with threo hearty cheers by tho bulls, who looked upon tho result as the ond of the pantc, There was NO INDICATION OF TUE INFLUENCK OF VANDERDILT or other bulls in the market to account for this rully ; but it fe-bolieved that it will be sustained, and that tho bottom Las boen roached, Gold ndvanced catly. in {hio day, asstocks declinod, the samo catises sffocting both, At moon it resched its highest figure, 113% & but, on the rally of stock, {t fell agatn, and finally, at 3 o'clock; reached its lowest point, T11%, AN INTEDESTING VIEW OF TIE PANIC, E. ©, Steudman, poct and several years a broker, mado to-day tho following statement of hin viows on tho financial eitustion: “Tho present trouble dates Dack o tho time when Becrotary Boutwell triod to fund bis loan from 8 per . cent to§ per cent, which wae in 1871, Prudent men said it could not b successfully one, and thoy were right, Boutiwoll kopt money sasy five or six months, in order to get people’ to ‘take his loan; but dinstead of funding hia own losn to eny oxtant, ho enabled amall houscs to float private loans, nnd enabled Iargo houses to expand, Wo should have been baok to specio poymonts but for those railrond bond-apec- ulstors, We bavo boon working back to it several {imes, but hard times came on,nnd Government would not allowit. Thoy put out money to reliove spoculators, and fallurea havo been confined to houses started during and slnco the war, Thero haa been a great weatern railway expanalon, and the bubble has fnally burst, s it wos bound to do sooner or later, We have known that the crash was impending, but did not oxpoct it ihis fall, Thero is no truo reason why the troubloshould oxtend to the morcantlle world ; it can do o only through a sympathotio process, Tha 1ossea will fall clifefly on spoculating irms, who have for years been doing everything to retard rosumption, . SPEOIE PATMENT, 41¢ the Government will sit still snd ‘lot them fal, then wo ahall bon long way .advanced toward specio payment. The fact s, that this is tho severest blow tho Administration hus ever received, 8a it is tho di- roct reault of the policy of tho Government which has been ono of inflation whenovor tho Administration was likely to be unpopulsr ‘from hard times, The Dreak heanot surprised anyone who knew how busincss wan transactod, Brokers have boon abla to buy bonds of new roads at & or 10 per cant losa than the adver- tised rates at which they were. furnished to private porsona purchasing for inveatment, This was tho cago with Jay Cooke a8 rogards tho bonds of the North- ern Pacifio, tho Oswego & Midland, and most of other rallway loans, It was not so with Fisk & Hatch's roads, Their bonds wero good, and they belloved in 1. them, THI8 PANIO 18 PEOULIAR 1t {a different from any that has occurred sinco that of 1857, That was caused by undue morcantila expan- ou, and this by railroad expanelon. One thing in cortatn,—it has curod the discaso. There will be no more lending of large amounts on largo railway enter- prises, When the work is cloared away, thero will bo s healthier condition of thinga than there has been.” DUN ON TIE UNION TRUST COMPANY, About 12:30 p, m., a rumor wea olrculated on the streot that the Trust Company had fatled. This caused much oxcitement, and led to conelderablo accession to {ho pumbers within and without the building, About tuls time also mmother rumor wos plarted tuat tho Maonhaitan Company had ro- fused to homor the checks of the Trust Company. Both rumors wero found to bo falso, and tho excltement graduslly subsided, OMcers of tho Man- hattan Company, when quostioned zolative to the stand- ingof Lo Trust Company, gavelt sa thelr opinion {hat the institution was sound, and denfed that they 1ad contamplatod refusing to pay its chocks, They said {hat tho balancea of the Trust Company were kopt up, and thoy had no Teason to doubl that they would bo. Meanwhilo psyments wero continued by the Trust CGompany without cessation, Tho oficors of tlio in- stitution had not been idlo. Boeing that therun would bo a serlous ono, they hiad taken the procaution to realize on & large amount of their availablo socurities, aud oflier bankiug ipatitutions camo tothonid of tho Trust Company, It was feltthatit this Institution was allowed to go down it would bo the boginntug of o runon all the banks in tho city, snd & genoral panfo wonld be the rosult, OONDITION OF TIHE UNION TIUST OOMPANY, M, Auguntus Schol) says that ho ontertaius no fear as to this fostitution witlistanding the run. Tho Crusy Company lus o capital of 1,000,000, and & surplus® of $1,000,000, It securltios were of such & kind ms to bo readily con- vortible into cash, Tho Company had no special counection with auy of tho firms of bankers oF brokers who have suspended, or with any of the rallways whose crodit iss beon fmpaired, He knows of no rea. son for tho run except the genoral excite- ment snd fecling 0 insegui eameeX by fallires which have taken place, Every doposifor would be pald s soon s Din check was prosented, Could not sy how long the Tun wonld probably continue, but bolioved 1t would be only temporary, 1f confidenco s restored and the ‘panio in the Ktock Exchange gtvea place Lo a fosling of socurity the run swill cesss, Many of their customera aid not shre in tho gonersl foeling of fuaccurity. A number of deponitalind been rocelved during the sy, and there would doubtless bo more to-morrow, ; BAVINGS AND BTATE DANKS havo beon entirely: unaTeoted, and smong up-town ‘banka on Droadway and the avenucs weat thoro was not tho alightest indication of a run, Tho provailing oplulon among ho officors of theeo joatitutions waa that tho crisis would tend o tho advantago of the banks in quoation, Tros- tdont Quintard, of the Artissns’ Dank, oxprossed tho belief that the present state of affairs in Wall streot, i€ enything, would prove benoficial to tho up-lown savings banks, Tew deposita tioed bosn withdruwn during the doy. Avgustus Bchell stated Inter in tho evening that the statoment of tho number of depositors who had with- drawn tholr momey had mot been mado out, but that over half & milllon dollars had been pold out. Tho remainder had mot beem anticipated, 88§t had' mot beon oxpected that tho oxcitement would turn in that direction, Thoy hind not, ho sald, attompted to provido for such a con- tingoncy until lto In tho doy, When thoy bad called in somo of thoir losns thoy found it hard work to ralse momoy on o short notics, Tho clorks wero then ongaged in making out the nocossary notices for calling in losns to moot to-morrow's demands, 1o had no doubt that the Com- pany would be sblo to pay any demands which may ba made upon it, but sgain apoko with some ncrvoustiess in bis mannor of tho dificulty of ‘obtaining money on s0 short s mollcs as was allowed thom, They could mot oxpect to recolve money on theao loaus until Iate this afsernoon, which would causo considerable delay n geiting tholr checks corti- flod, The officlals declined to make publio the num- ‘ber of accounts withdrawn, DATOR'S BTORY. BMr, Hatoh, of the firm of Fisk & Iatoh, eaid that, unezpectdly, Iargo calls camo fn, and at half. prat 10 o'clock thoy came to the conclusion that they could not stand up against such a run very long, and 1t was best to suspend at once, rathor than sacrifics thelr securities, Dadly os thoy fob o bo compelled to suspend, they tried to considor tho intercsta of thelr croditors beforo thelr own, -Tho Ohfo & Ohesapoake Rallroad bonds had something t0 do with their suspension, but that alone would not liovo been aufliclent. Tho troubls aroso from Ick 6f confidoneo in ratlroad onterprises, and stringency in the money markot, causod in part “by the ro- cont falurcs, Tho groat domand -on thelr bouso, caused by tho susponslon of eo prominenta firm o8 that of -Jay Cooko & Go. camo 60 suddonly that thoy had no Hmo to got in monoy due thiem, or 4o obtain funds from tholr assots. Thelr em- barrassmenta hod mot boem occasloned by loane ing money on hazardous onterprises, They usd mot speculnted ; they had met with mo losses, Tho trouble hnd ben caused by the general £all in stocks snd tho fealing of distrust in regard to ‘monetary {nstitutions, which had precipitated s run on thehouse for which they had not time to prepare “Thoy beliove that thefr suspension in only tomporary, and that as moom as tha excitement 1a over they will ‘e ablo to go on agatn. Thoy aro confident that nons of thelr creditors will loso through them, X. D. RANDOLPI & CO., » Philadelphis bauking firm, dolng business for “Thomas A, Scolt, J, Edgsr Thomson, and tho Penn- sylvania Company, hs failed. E, D. Randolph is o soudu-low of Thomes A, Beott, ' Thoy held out till near the cloge of the day, and hoped to rido thostorm. Thoy afterward saw that it wowld have Yeen botter to have closed up in the morning, sa the cost of carrylng stocks for a day would have beon saved, Mr, Randolph said that it was impossible to fell how they atood or what ‘would bo tho result, If monoy got down to ressonable figures, thoy would soon resume, Tho causo of thelr trouble was a general deprecistion of stocks and a run on their house, They did the largest out-of-town business of city houses, and wers unable 10 call in thoir margins, [T the Assoctated Press.) SUMMING a2 ur, -New Youx, Sept, 10,—Tho Eipress to-night sums up the situstion ne follows: The day closes on the \Wholo with fower killed and “wounded than might ba oxpectod, all things considered. No frust compiny $1a4 suspénded ; no bank hna refused payment all tho great. rafiwuy corporations sro apparcutly oa' frm ag S Tock. Rumor, however, is not yet sitisfied, and arns everybody to beware of rumor, Stock vilucs Bave shrunk enormonaly, but whon ' the bottom .ia fairly touched, o rabound, bs usual, i8 inovitsble, Busi- Tegs 1o nearly’ all branchos of produce {8 at u stund- atih, and, In fact, simost bordering on goueral demor- alization, EVENTIODY 18 LOOKING OUT FOR THEIR MONKT, and holdors of goods sre not disposed to resiizo, A Tovorlsl focling provuils, aud muuy merohauts foar roater depreasion unlesd the Goverument comes to o reacue, Ono causo of the financial crash a imputed to the ogitation in the Western Blatea threatening leg- ialution, bostilo to_rullroads, ~ Theso reports have caused *Europesn_bankers fa declino advancs on Amorican ralirond securities, The New York bauke, Dolug unnbl to meet he cxtrs demand togothor with tho uaual depletion for the ordinary fall movement, Bave been eudeavoring to curtail thetr city call loans, 8 many of tho necuritics wera uugalable in & timo of oneral prosiration, Some of the moat prosperous nkers lisve been obliged to suspend untilthoy can realize on thelr socuritica, ~¥Ime & maToR. The immediate causo of the susponsion of Fisk & Haich i du to the firm having advenced mors than 1,000,000 to the Oheaspeako & Olifo Railroad Company in'construction sud equipment account, taking s so- ourity tneir mortgoge bonds, Tho rond is uow earning h to poy expensea and intorest on the firat mori~ nds, and can tsko care of ftaelf excopt tho debt Ttis understood thet the Central Pa- uge !iln ita bankers, cific Company is not affected by tho failure of Flsk & Trutoh, aa bt Company bavo 20t beea ‘orrowers of o, - amMes coMMENTH. The Times, speaking of the fallura of Jay Cooke & Con, maya: Tne causes of this deplorable event to one of tho first houses ja the country, the house most closely connected = snd {dentified with great negotiations of the ‘Government during the war, and after its closs, it is too early, per- Taps, t0 gonto ; but the chief mistske, wo haveresson 1o apprebend, originated in the too generous enter- priso, and it fay bo excossivo cnthuaisam and confl- Uence of the senior partnor, Mr. Jay Cooke, as con- nected with the groat North Pacifio undertaking. ‘With this immense schomo his Now York partners and one at least of his Philadelphia house were reluctant from the startto sympathize, and only consented to ad- e on Tiraitod Lo §500,000 on curront salos by populsr subscription tothe 700 por cent land morigages. A DENIAL. The President of the South Sido Rallrond deniea the {rath of rumors circulatcd lately tending to weakou ublic confidence in the Company, Tho financial cons Bition of the Gompany Is g00d, ° The coupon interest {8 0il paid to dato, and the amaunt requizad to pay that duo Nov, 1, is already in bank, TIE MIDLAND DUBDLE. Judge Dlstchford to-day grantod an order, return- able Oct, 3, for the New York & Oswego Midland Rail. Tosd to show cause why tho Company should not be adjudged bankrupt. AR, NATCN INTERYIEWED, The banking houses which have been Identified with ‘negotiatious of new railrond loans, have all beeu sub- Thitted to renewod pressure, and fo-day, to the saton- shment of all, the suspension of the house of Fisk & Hiatoh was atiouncod, Tbis firm kave mado heavy advances to the Central Pacific, which, howover, is not the causoof their suspension, their advances to the Ohosapeako & Ohio hn‘lni ‘brought them down., When the suspension of Fisk & Ialch became generally known, many friends of both parties visited fiio ofice and oxtended their warmest sympathy to them in their misfortune, Mr, Hatch, when ques- tioned regarding the causes ‘which led to tho suspen- son of the firm, s~id that the trouble ‘had been pro- QGuced by & wan! of confidonca in Tailrosd onlerprisce and the exirome siringency in tho monoy murkot roduced by the lato failures, The general dlstrus rought about by the embarrassment of such & ay_Cooke & Co, Mr, Iaich esid, iad ‘caused guost domanda upon'thelr house, whicll came so suddenly and unoxpocted that they could not Lo readily met, horo was no tmo left in which o obtain monoy from tho assota of the frm, of to get any funds dus the house, 1a could not. endeavor to give any Qelailod statomeut of the labilities untll ho had Sahmly considered the wholo situation in conneetion ith bfo pariner and thu frionds of the frm. The embarrassmont of ¥k & Hotch ho could safely eay hind not been causcd by loaning money on hazardous enterprisea, Tho houao hau not speculatod mor met “¥ith louson, Thio trouble has bean produced by a gon- eral feeling of distrust in regard to moneyed institue Hons, which procipitates domand upon tho frm, which thoy 'had not sufiicient Hmo o mect, 1o’ would mnke no statoment at prosent which ho might Do called upon trgetract, 1o boped for tho best, snd thought if the nirm were ullawed to monage the busi- ness of tho houss without interforence every creditor ‘would undoubtedly bo paid in full, LUMOIA OF DISANTER, The aunouncement of the fullure of Fisk & Hatch, wiicl v, ollowsd rupldly by roports of the wuspert slon of other firms, caused the wildest excitement ou (o atrect, and the sceno in Wall street und its nelgh- boraood Bas probubly uever beon equaled, LUN ON THE UNION TIUST GOMPFANT, On the n]muln& of the dooraof the Union Trust Gompany, at Brosdway sud Iector ntrect, at 10 o'clock this uoriing, lsrgo number of depositors tlocked in and ‘Lesfoged tho pnylug teller’s desk, The number constantly increased, and i blf sy ow tho long pae Bege-way. in front of tho gpaco fencod off for (ho Glerka was fllod by long linea of men, all waitiug $0 withdraw thelr money, Lho crowd 500D bocawo 60 great that it was difcult to enter or leava the office! and several minutes were required to force s passaga from front to rear. The bank sontinied paying until 2D hour after tue | time of closing, and the jme pression on Lhio atre-t at the closc wun that all obliges hw- woulil be met without difticulty ~As thio busincas ours of the day ‘»fl‘" to draw to n close, the excitos ment grew lesa, Ths Manhattan Hank wan this_aftor- noon filled with depositora of the Unfon Trust Compae l‘! .‘\“lllnx o bave the checks given them by the Union Trust Gompany, certiful, “The Crabior of mid ompany, yeatariiny bad 70,00 on deposit in banky gmt:pn:‘fhll‘:l l‘ltl '“mx:;":'im ‘%a tlmllr.:vml that tho y Dl n 0 N beliored tho lustituiton to ba n‘mmhn\'llyq:lr::w;.. e TILE YOURTN NATIONAL IANK. kapt open until 3:30 p, m., sud paid every domand, ThOMIar. 50 REATE Most of the banking firms uspended & o resumo business iu & short um‘::‘ o-Oagoameck TOM ACOTT' IOURE, Tho honse of E. . Randolph & Os,, whons suspen= slon i noted, wan Tom Scutt’s New York houso, Mr. TRandolph ia a son-in-lew of the great rallroad king, ‘The reison for tha last nomod fajiure, an stated by the hend «f tho firm of Randalph & Ta,, is fram the ahso- Into imposaibility of ubtaining moneys duo to thom from otlicr parties, PHILADELTIIA BUGPENNION. A dinpateh snys C ' Bayard, one of the oldest and ‘most reliublo firms ot Chiladelphia, s sunpendod. NATIONAL LIFE INBURANCE COMPANY, The Post says unfonnded runors huve prevailed ta {ho effect that tho failure of Jay Cooke % Co,, will serivualy 1nvolve the Natioual Lifo Insuruuce Com- pany, of which he is one of the leading Diruotors. We iro assurcd upon the best authority that ‘ho solvency of the Company cannot bo impalrec by the prerent financlal troublo, Itk assots aro ample, well §nvested, :nd cannot be withdrawn by disaffected poiicy hold= NINETRZEN FATLURES. Nineteon fallures have been roported, The street at tho closo of the Board prescnted an intonsely oxcited appearanco, Whon the closlng gong soundod, tho mombera of tho Doard gava thres rousing cheors, Anothor exclting day is predicted for to-morrow, The Presidents of the National Danks of thin elt held a meeting thly evening at the Tifth Avenn Hotel, and it is stated dactded to unito m tho support of each offier, anil ta tirrogard the rescrvo restrictions in to- morrow's dealings, ot IN PHILADELPHIA, Epecial Disputch to 'he Chicaao Tribune. PmitaprLeniA, Sopt, 10,—Hundreds and thousands of porvous interested in the various bauka thronged Third streot and fta offahioots all day, Mr. Cooke re- ‘mained in his office till midmght last night, snd the clorks have continued AT WORK SINCE. YESTENDAY MORNING without wtermisaion, This morning Mr, Cookels suod the following card : To oun Dxrostrons : Some littlo time is required to adjust our nccounts and to hear from our difter~ ent offices, when s statomont will be propared, showing the condition of our affairs, This will bo for= warded to you through tha Post-Ofico, Until then, wo beg your kind indulgence, wssuring you that ovory offort will ba mado to liquidato our entire indsbtednoss with the least possiblo delay, Ja¥ CooER & Co. The immodiato canse which compolled this houne to close ita doors won tha exhisustion of its reserve in advances to the Northorn Pacific Ratlroad, DE HAYEN & DRO, GONE UNDER, Owing to o downright untrnth, telegraplied late last night by tho New York Jerald correspondent wero, that De Huven & Bro,, No, 40 South Third street, had suspended, thero was a fentful run upon them to-duy. They manfully stood out as long as they could, but wero at last obliged to closo their doors temporarily about 12 o'lock to-dsy, Thoy .ssuc the following card : “Wo regrot to be come pelled to announco, to-day, that in consequence Of & great runm upom for money, wo ara obliged to suspend payment tempo- rarlly. We are abunduntly sbls o poy all we owo, DriAvEN & Bro, No, 40 Third atrect.” Mr, Hugh DeHaven eaid to me: * The only state- ‘ment we have to make s, that we will pay 100 conts on the dollar of what wo owe—principal aud intorest, dead or ulive, Tho firm of Deffaven & Bro.—com: prised of Hugh Delfaven snd A, I, DeHavon—hat Loan dolng large business fora numbor of years, and has alwaya mointained the highest character, They were the Philadelphia sgonts for placing the bondg of the Unfon Pacific Rajlraad Company, and have aiea been ongaged In other largo euterprison, If tha canard about thelr susponsion Lad mot beon givon eurroncy, they would undoubtedly liavo been ablo to wweather tho storm, and thero fa oy every ssauranca {hat they will bo sble to mako good thelr promise to meot all their Habilities dollar for dollar. Z. W, CLARKE 4 GO, GLUSED UT. “The doors of E. W. Olarke & Co, ate closcd ne yet, Br. Clarke volunteered the following sttement: “ Wa 1iad some moncy n Juy Cuoke's bunk, of course, but our suspeuelon was not affected by that. It was tho incessant demand yesterdsy upon our coffers; and, not being prepared, we wero required to announce a suspension, The statement wa arc nt work upon mow will show our status exactly us it is, wnud I can assure you that every cent will be patd.” TIE FIDELITY TRUST COMPANY SOLVENT. Thero i an erroncous rumor thut the Fidelity Trust Company i bunkrupt; but all demands aro und will e promptly wmet. A CARD FROM SHE HEAD COOKE, Jay Gooko & Co. fssued tho following- notica this morning: ** The London houso cables us, this morn- ing, that thoy aro solvent, and that the London fecling to Jay Cooke, McCulloch & Co, 18 very friendiy." In connection thorowith, Jay Cooke makes this statement ; * Tt should bo remomberod that the la- Dilittes of the London houso, unlike ours, aro not all due on domsnd, but at Tegulsr, well-kuown dates ; fo that thoy know exactly how much moncy ia nceded each weok," AID EXTECTED THOM WASHINGTON, Tt 15 atated iere on good authority that the Secretury of the Treasury will to-day come to the ald of the ‘banks, The oxcltement {a awful here, AT THE CLOSE OF DANRING LIOURS the feeling appesred to be moro comfortablo than it was during (he early part of tho day nnd yesterday, The run on the Fidelity Insursnce, Trust & Safoty Deposit Company was continuous, When the doors opensd ot 10 & m, & large crowd of pooplo flocked i snd at once presented checks, Tho stresm continued for hours, long ond serpentino line belng formed. The timid depositors cach scemed portly ssbumed of tho torror oxbibited. Bovoral in the line, with great inconsistency, assured thotr neighlors that THEY WERE NOT AFILAID OF THE BANK, whilo at the same tine they woro drawlng out all but & emall bolanco, Tho orowd bocame greater, until the snxious througs blocked up the door« way. The opposite side of tho way soOm flled with spectators, snd the square at 11 o'clock was almost impassablo. At the bank tho crowd was of an exceodingly diversificd aspoct, old women and cripples struggling with atalwart men to gaina position in the line, while half-grown boys ‘dodged here and there, and ususlly, by etrategy, guin- od positions shesd of persons who had been in Jino for an hour, Thero are two classes of depositors in the Fidelity,—thoss who contract to Lsve thelr checkn cashad on domsnd, and those who agres to give ten days’ notice. "I DANK 18 A8 SOUND A6 EVER IT WS, and Mr. Drown ssicris emphatically that thoy will moct everything. o drew my sitention to the fact that thoss who agreed to give ten days’ notico when frregulorly prescnting tholr claims to-day wero ‘promptly met, althiough tho bank could have rofused fo honor them, Inonly one caso was this request ro- tused,—s caeo not apecifiod THE MUNICIPAL FUNDB ALL BAVE. fronsurer Widoner says hit meither himeelf por- sonally nor the ity of Philadolphia had one cent in JIny Cooke's hands, and the suspeusion of tho latter ‘Qdoca not affect the City Troasury in theleast, J. Edgar ‘Thomaon, TPRESIDENT OF TUE PENNEYLVANIA RAILNOAD, and 'in conjunction with Jay Cooke, one of the threo Trustoea of the Northorn Pacific Road, says that ho supposes Mr, Cooke's follure is attributable lo his heavy advauces to the Pacifio Road, and tho fact that the bonds havo not beon sold an fost a8 thoy ought to have boen, M, Thomeon sayn: T am o Trustoo for the Northern Pacitlo Road, snd s APFOINTED A8 A MARK OF HONOR. 1 have not & cont in that roud, nor hms tho Peunsyl vania Rosd or any of its brunches, nor hay tlio Penusylvania Rond ever miade un offer (o loss Mr, Caoke's roud, A to the fall of stocks, Mr. Thoms sou swys: “Thatls & necessary reult of tho panic. Pounsylvania and othor substantial stocks will fncread {1 vaiue agaln s soon a8 thfs excitement blows over.” ‘James L. Olaghorn, Prosidont of tho Commorvisl Bauk, thinks that Mr. Gooke's lirin will recover, und thiat thoso who Linvo deposited with thow will not lore acont, Jamcs Donbright, of the firm of Hood, Bonbright & Co,, expressca THE OPINION OF TILE DIY GNODS DEALENS When he ssyat * Mr, Gooke's is & thuroughly honest house. I do not bellove & cent of the dupositors® [Continued on (he ksl Bamely