Chicago Daily Tribune Newspaper, October 10, 1873, Page 1

e Chicago Daily Tribune, VOLUME 27. GIFT CONCERTS. Grandest Scheme Ever Known, Fourth Grand Gift Concert FOR THE BENRFIT OF THE PUBLIC LIBRARY OF KENTUCKY. 12,000 Cash MS, $1,500,000, $250,000 for SSO. ‘The Fourth Grand Gift Concort suthorized hy special a0t of tho Legislaturo for tho benofit of the Publio Libra. Ty of Kontuoky, will take place in Publio Library Hall, at. Loulssille, Ky, ‘Wednesday, December 3, 1873, Ouly slxty thourand tioketawill bo sold. The tiokets ar0 dividod Into ten coupana or parts. At this Concert, which will Lo tho grandest muslcal dls. play aver witnessod in this country, tho unprecedontad ~'$1,500,000, DI 13, .é:‘;’:%’;‘flckm:?s‘; , Bllts, will bo distributed by lot LIST OF GIFTS. ONE GRAND CASH GIFT. ND CASII GIFT, 10 Cash Gifis, $10,000 30 Cnsh Gifts, 5,000 each. G50 Onsh Qifts, 1,000 ench., 80 Cnal Gifs, 500 ench.. G 400 each.. 300 ench., 200 each.. 325 Cash Gifta, 100 each. 11,000 Cash Gifts, 50 each. Total, 12,000 Gifts, ALL CASH, awounting to.... <ssse00: 81,500,000 ooThn dstribution il bo pontive, whthorall tho ticketa AR o O s il e PRICE OF TICKETS. Whole Tickete, #0.00; Halvos, 35.00; Tonthe, or onch, " 65.00; Rlovon W liolo Miokota fo B 5“;&’?& (0 Bl tnn.t0. 113 Whota Tlokets for o 0.0 ol Tiokets for 810,000.00. No discount on loss than 850000 worth of Tickots at a timo, ; n‘ebn;"nnw"md; v'.;rl' ':u’f: ;.'Sf ‘2 ordors socompnied o mon Uiy ild. Liboral torms Woso who by t5 56T akatas 3 & THOS. E, BRAMLETTE, Acomt Pabl, Tibe. K. and HManagor Gift Cuncos o 2 8 oy 2 Or THOS, H. HAYS, & Hroadways Now York. " Wo haro Bo ayonts [n'Ohicagor and all commuieations must bo addroasod o tho home ofico at Loutsvije. THE SHORTEST ROUTE TO FORTUNE. $100,000 for only $2.50 THE LARGEST RETURN FOR THE SMALLEST INVESTMENT. A GRAND GIFT CONCERT WILL BE HELD AT LEAVENWORTH, KANSAS, December 3lst, 1873, FOR THE BENRFIT OF A JUVENILE REFORM SCHOOL. 40,000 Gifts, S450,000 in Prizes, Principal Prize,$1 00,000 Slatog, ot th mpudy st sodpncy of Bimen Taitod Statas, bolng only a fom blocks. from tho. Court: House, surrounded by magnificent grounds, orchards, ELIaa oampiated widh an modorn impovemontey PRIZE LIST. > A ():'}Iglg' “ It L 000 1z, - - - = 8450,000 above roal estata is guaranteed porfuct. Iiboral terms of this schemo Lrings it within the reaoh of all—tho greatest opportunity ovor offorad to the Door man to rise to wealth. PRICE OF TICKETS. A H X ickets, A t Hundréd and Fifteon Tickets, $360,00, The ing will by do undor the superintendence of Mo L R A g R Btate, duly swoft o the felthiul’ poriormancool tho du: Sirlgriod thom: Thio highost officialaboth of City, County, and State but also his scheme. The domand for tiokots (s unparalleled, and ail dos! to participato in the drawing should af slubs aud scnd in their orders. a AGENTS WANTED in all States, Cltles, nn Tonvan il United Sthtcpund Canalas: P Money should bo sest by Reglstered Letter, P. 0. Ordor, or Express, with tho full adress of the purchasor i tinR, Elale wrllok, o 11 wckote tas & chanen to vin 11 voly cortatn to win ‘ono, whilo one Ter: R Whopurobsso o packags of 11 is boand t_win two prizos, For further informatlonaud partioulars, send for clron. Iars to tho Manager and Proprictor, and 'address - SIMON ABELES, Loavenworth, Kan., Or call at 161 East Madison. IRVING HOUSE, 148 & 150 Wabash-av,, Chicago, First-Class Accommotations for 150 Guess. Terms, $2.00 per Day, fiufi“:de lllufll!lfinl(!’v ‘i{‘hmnfi" near Illinois Oentral, 20 Nt L, CAILITART, Proprictor, N. N. WEST, Clork, formarly of the Old Uity Hotel wd Richinond Houso. BISHOP COURT HOTEL 511 'West Madison St., Isa quiet and PIRST-OLASS House for familles, NDUOKMENTS to Bt vislting the oo A LR, PrapHoter TWINTER RESORT. ROYAL VICTORIA HOTEL, o No Poy by the intes v oY il oot o o, LDBBHHHEE Agont, 578 Broadway, N, Y. . J. PORTER. Propristor. FOR SALE. ND THONK RALLWAY OF GANADA, STEAMER FOR SALE, The Grand Trank Ratlway Oumpany will be propared to retolve offars for tho purobiase of tha- Sioamer - [aiomiv {laial, now plying betwoon Fort Erlo aud fuffato, oo Dl roma for dallvery wan, the conplatias of 4 very u stion'o i onal Bridge," during the monthof Octo " tional clo. fl',n.lx'if";x'}?x.'.'."‘?aflgu'.hunm:‘r {6 ba aaiversd o Fors PRI Kooy milbin mo(‘).'d. l{nynflzfl, Jlnl‘hl. Director, Hontreal, Aug. 13, 1533, WHITE MANF. CO. The A, Bafety Lamp, WARRANTED NON-EXPLO- BIVE, is sold u‘ghulvu at 172 8outh Ulark-st., 'Jllluén, eihior wholesale or retail. Now on exhibition at the Ei- paition Bullding in & variety of styles and prices, Al thise desirls rfoct safoty In the uso of all Houso R : cuzsior, 1 Bo . Luited iaoat O. RUNYON, Agont. DISSOLUTION NOTICE. DISSOLUTION. The coparinership horotofore known under the name of C.'W, CHURCH & CO. day dissolved, 0. W. Ohurch ls alons authorised ggi:lp{'l;r :nd :::. namo of the ?:fi::bl%n‘%xx T LAKENAVIGATION, GOODRICH'S STEAMERS e, Bilwaukee, Hheboygan, eto., datly, Bundays e ees T runsgon ey fndags Wiukiooy blo., don's loave watll 8 p. mr For Grand Haten, Grand Raplds, Muskegan, ete., ted- weokly, st7p. o, ForBt, Joseph, duily, Bundays exoepted, 10, m. Bt 7 t m, ‘urdsys, boat dua't Isave until 1l p, m.’ Bay Ports, Nonday, Wednesd, d Friday, a1 Groen Ty Porte, Nonday, Weduos .’l‘;o‘:!l‘wlé at7p. l:..‘ Mouday'y and’ MUSICAL. HALLETT, DAVIS & CO.§ PIANOS. SRVENTY.FIVE first promiums award. for HEST PIANOS. 20,000 have beon manufactured and ar ow i USK, Erans Lisct, rat of living Planiata, sarail tho moat admirable insteumentovor made. W. W. KIMBALL, STATE AND ADAMS-STR, Alarge amortment of new Plauos and O ans to RENT, Farties mishing to pay by lustaliments ca sogommadated. A number of good Hecond-band Planos, which wers tai 1 111 be sald very cheal Lken tn exchango for nowopsy, K1l N5 4010, 1 chosp State and Monroo-ats., Palmer Holuse, FINANCIAL. ILLINOIS TRUSTANDSAVINGS EA NI, N. V. CORNER MARKET & MADISONSTS. Cash Capital - - 8500,000 Having been organized ss 8 STRIOTLY TRUST AND SAVINGS BANK, it will transaot only such businoss as ia dirootly connected with the receipt and care of TRUST and SAVINGS FUNDS. In making loans, proforence will bo given to persons of emall means who are desirous ot securing homes. The LADIHS’ BUSINHSS DHPART- MENT is in a neatly furmished room, with dressing-room attached, and separats from the general businoss room. L. B. SIDWAY, Prost. JNO.B.DRAKE, 2d V. Prest. H.G. POWERS,V, Pros, JAS. B. GIBBS, Oastior, Preston, Kean & (o, BANKERS, M SIDF, WEST RIDE. 15708 150 Tabuieat. | Cor. Randotpn & Hawesd.ste, ‘We receive the accounts of Merchants, Bankoers, and others, and transact a rogular Banking business in all its branchos. Our South Bide Bank will remove to 100 ‘Washington-st.,, a3 soon as building is com- pleted. FOURTH NATIONAL BANE, N.E. Cor. Clark and Washington-sts. CEICAGO. (e} N . 0. TAYLS -] . PAGTD TiHlnala; GAKLOT Vivo-Pro DIRECTORS : Bexs, V. PAGE, late V..P, HenY R PAYsoN, Afechan. Nat. Bauk, M. D, OabEN, Ugdon, Shel. BENJ. V. ANE C. TAYLO! don & Co., N. 8, ouToN, Prés, Unlon GEORGE aTLom, ExOity Foundry Works, Comptroller, The accounts of banks, bankers, morchants, and manu- fagturers soligited, Forolgn ozchango at lowest rates. THE NATIONAL BANK OF GONMERGE, CORNER DEARBORN & MADISON-STS, This Bank is preparod to receive accounts on the most liberal terms consistent with prudence and safety. NO INTEREST will be allowed on depos- ita subjoot to chock at sight, after 31at inst, E. MAYNARD, Oashier. GENERAL NOTICES, LUNCHES BY THE LADIES OF THR Union Park Congregational Church, AT 172 MADISON-ST., NEAR LA BALLE, &7" Eintirs Bill 50 conts. At the Request OfMany Patrans ot the Exposltion the Execu- tive Committee Have Decided to Selt Half Commutation Tickets. Fifteen Admissions for Five Dollnrs, Apply at Treasurer’s Oflice, Expoaition Building. JNO, P. REYNOLDS, Sccretary. Evening papors ooy, Union National Bank. Omoado, Sept. X, 1611, IN LIQUIDATION,~Notloo Ia horopy gee o Unlon’ National tiank of Ohicago bas, by sn afieinutive voie of i shareholders, owning moro. than twe-thirie of Ita atock, ben pikond 1 linuidation, under the praviston, of Bootldn 43 of the National Ourrauoy Act. Lo hojders ¢ lisnoies and' et credliors see salfed 13 prsiont for payinont the otos and other Gla st (16 Asio: clufon. GAY VIS, Cashions TELE NATIONAL HOTEL REPORTER ! The only Daily in Ohicago containing a full-sized out of the Industrial Expoaition Building. Copies for sale at the REFORTER Offlce, 856 Bouth Canal-st. CATTION. A1l porsons are Lioreby cautionad from buing o nego ttatjng & Judgment noto, dated Septomber i, 1678, for 81 drawn In our favor, and duo November k73, Il,hl mo baving boen lost. Pumknixfi,m‘- -,;_n‘gohu SRt Oat. 9. 1973, 2 LOTTERY, $300,000. Oapital Prise, $50,000, Missouri State Lottery. Grand Single Number Scheme. Draws the Laat dayof :{mfl?nm. 280 Pris mount- MILL {ng to §300,000. 10 Halvos, 85, Sond for giroulag, 1o MUR) 400., Biox' 3448, Bt CHICAGO, FRIDAY, OCTOBER 10, 1873. JEWELRY, &o. RODDIN & HAMILTOR, 99 State-st., OOR. WASHINGTON, Call attention to their ELEGANT stock of Watches, DIAMONDS, JEWELRY, SILVERWARE, &L, WALWORTH, BROOKS & (0, 243 & 245 Lake-st., CEICAGO. WROUGHT IRON PIPE, FITTINGS, VALVES, &ec., For Steam, Gas and Wator. STEAM PUMPS, ENGINES, BOILERS, &o. Contractors for Stesm Hoating. Catalogues, Esti. mates and information on application, Wrought Iron Pipo, in large lots, at bottom pricos. FURNITURE, THATER & TOBEY FURNITTRE 00, Have an unusually large afld attrac- tive stock of Superior Furniture, AT VERY LOW PRICES, CORNER STATE & ADAMS-STS. PAPER HANGINGS, &c. HILGER, JENKINS & FAXON, 107 STATE-ST. PAPER HANGINGS, BEDDING, WINDOW SHADES. PAPER HANGINGS At Factory Prices. J. J. M'GRATH, 174 & 176 State-st. REMOVAL, REMOVAL. THE GLOBE INS. (O, AND WALKER & LOWELL, INSURANCE AGENTS, HAVE REMOVED TO No. 110 LaSalle-st. UNION SUILDING. REAL ESTATE, HIGH LAND. ‘Washington Heights Lots, adjoin- ing Morgan Park on the north ; two- thirds of an acre each. In the mar- ket forten days. Terms, one-tenth cash, balance in four years at 68 per f{ cent. Each purchaser must set out large elms, Property shown every day. R. P. BLANCHARD, 1563 LaSalle-st. COMMISSION MERCHANTS. WEBSTER & EASTMAN, GRAIN OOMMISSION, 112 LA SALLE-ST. ‘Wo havo paid all diafts, with bills of lading attached, sgatust shipments of Gratn, durlng tho panlo, aud will so continue to do, giving prompt attention to all businoss entrusted to us, TO RENT. TLorge Basemont, Hxchango n“"dim:i ‘2; mirablo for 25 Hath-Rooms. In: Room 43, Hxohange Building, TO RENT. Three new Brick Dwellings, corner of Rush and Illinois-ata, om 43, BRI Papla Yaauiee sk Room 3, INSURANOCE. CARD. OHIOAGO, Oot. 10, 1873, Two years ago this morning, be- fore the smoke had cleared away from the ruins, the Phe- nix Insurance Company of Brook Iyn, opened its office at 62 South Cannl-st, on the third floor. Xt was, for the morning of that day, the only Fire Insurance Office in the city open and doing business, Xts policy-holders who had been burnt out, had their lost confidence in Insurance Compa~ nies restored by the information that the Phenix could and would payevery cent due on their poli~ c1es as rapidly as the losses could be “proved up.” On the 12th the Phenix paid the first loss that was paid by any Company, arising from the big fire. Xt did not sus- prend taking risksatall. The Phe- nix paid every polic-yholder who held a claim againstit without liti- gation. Since October, 1871, the Phenix had a $500,000 “call” at Boston, which was promptly met. The Phenix, of Brooklyn, has had an agency in Chicago for eighteen years. It has paid a great deal more in losses in this city,in that time, than its receipts from the Agency have amounted to. Its as- sets now amount to over Two Mil- lion Dollars, which, with its well- established agency system throughout the United States, and its annual income of $1,600,000, makes as good security as can be offered in the way of insurance; and those persons who believe in SAFE insurance, rather than| CHEAP insurance, are invi- ted to call on CRITCHELL & FORD, Agents, 127 LaSalle-st. 5% 1261251 LLDEAN S122.1130,132. NoRTa SeanenSailalan HATS AND FURS. GO TO BISHOP & BARNES', LADIES’ FURS, GENTS HATS. COR. STATE & MONROE-STS., OPPOSITE PALMER'S HOTEL, BUSINESS CARDS. OALL AND EXAMINE OUR G00DS AND PRICES. ‘Wo aim to male them satisfactory, CULVER, PAGE, HOYNE & (0, ‘WHOLRSALE AND RETAIL STATIONLRS, 118 & 120 Monroc-st. J. M. W. JONES, ‘Wholesale, Retall, and Manufsoturing STATIONER, 104 & 106 Madison-st. My fachlitica for the manufacture of Blank Hooks and exocutiug [ialiroad and Cummorelsl Deluting ars unaue: assod, O oir {ntorost ash onuntry buyers will find it to t on o bofore purctiasing = _ WANTED. WANTED. Any party owing the Franklin Bank to the emount of from $300 to $500, can learn something to his advantage by oalling upon or addressing tho underaigned. O. 0. GIBEBS, 130 Doarborn-st. MEETINGS, Masonic, QOrlontal Lodge, No. 83, A. ¥, & A, M. Bpoctal Com- fo (el ) T % munication WG LRIGH TRIRE Db, Byordor of the W, M, ¥, N, TUOKER, Soo. ITHE FINANCIAL NEWS. Decline of Stocks in New York Yesterday from I to 10 Cents, Failure of a Bank in New York and Another in Read- ing, Pa. Prospect of the Carly Resumption of Currency Payments in New York, Conflicting Statements in Re- gard to the $44,000,000 ‘ Reserve.” Further Information Concerning the Af- fairs of Jay Cooke & Co. The Monetary Situation Through- out the West Unchanged. NEW. YORK. Special Dispatch to The Chicago Tridune, New Yonk, Oct. 9.—Rumors of an unfavora- blo character, reflecting upon tho stability of soveral mercantilo housos, wore circulatod at the oponing of businoss in Wall stroet, Notwith- standing that thoy were provod false, thoy had depressing offect upon the market. This de- pression was accelerated by the announcement that spocial banks had OALLED IN TIEIR LOANS, and caused o beavy sacrifico of stocks by the oporation. Among those whose stocks wero sald to have been forcod to sale was Honry N Smith, who wont largely long of Westorn Union with & viow to twisting Jay Gould, who was originally short, and thus revenging lhimself for bis troatment in the Northwestern cornor. Later in tho day, tho FAILURE OF GIDHON, GASANOVA & CO,, bankers, No. 50 Exchango Pluce, who ad becama ombarrassedby reason of the withdrawal of Westorn deposits and advances made to the Jack- sonvillo, Northwostorn & Southeastorn Railway of Tilinois. Anothor and small doaler, named B. B. Hard waa aunounced to the Exchange as susponded. he stock markot was very much dopressod, declining from 1 to 10 per coat in tho ontire list. Wostorn Union declined 10} per cent, the an- nual report being rogarded as unfavorable. 11is it 1) 5 m;?“’l“?u i are solling at from 0 or cont premium, 1076 I coptemplatide to fold o ‘moating of the Clearing-Houeo on Saturday, and, if possible, to resume the payment of legal-tonders, which ‘ac- tion, it 16 thought, will restore mattors to their normal condition. THE NATIONAL TRUST GOMPANY will resume on Monday. [0 the Ausociated Prees.) GIIBON, CABANOYO 4 CO. NEw Yonr, Oct. §.—Grbson, Casnovo & Co., stock brokors, sy their susponsion 1 ono of the rosults of tho receut panic, Tho dopositors drew out their funds, and securities bocame un- available. People indebted to the houso wore unablo to pay, and in some cases failed. Addod to this, a largo amount of capital was locked up in a new railrond. Thoy express the boliof of thorr inability to payin full. New Yong, Oct. 0.—A Washington special eays: “Owing to tho small roceipts from tho rovonue, Trensury officials say that it will bo necesuary to issuo 88,000,000 or $9,000,000 of tho 244,000,000 rosorve, to meet the current ox- penses of the Governmont for the prosent month.” —_— BO! B Special Dispatch to The Chicago Tribtne, BostoN, Oct. 9.—The monetary sitnation does not materially improve in this quarter, and tho embarrassmont is widesproad. Itis believed by some on the stroet that somo of the banks aro not doing &l they can to reliavo the stringenoy, but aro looking too olosoly after their own in- terasts, and thoro is & feoling tunt the spacula- tion in'currency, and the groat strain that those who must have money are subjected to, are un- necessarily prolonged. Roports are repostedly heard on the streots that MANUFACTUBING CONCEBNG aro in distress, and the roduction of working force continues. Tha large pork-packing estab- lishment of Squires & Co,, the largest in this part of the country, which's fortnight ago dis- charged a large gaug, has issuod a card to the eifect that it will bo obliged to givo up its foreign business and hold only its homo trade, boing un- able to got money to buy bogs. This con- com is paying heavy ratos for monoy, 16745 pousible that” it may bo ohiiked to shut down altogethor, for a while, ‘Tho consequence of a continuance of this stata of affairs must ho a hard shiit among tho poorer, or working, classos this wintor. THE DISTRESS NOT GENERAL, It must not bo understood that this condition of alfairs is general. Bome concerns which, during tho panie, reduced their working forces, aro now on their Iofin again, aud ate Liring baok their discharged help. Such is the cawe, for instance, with the Waltham Watch Company, It is thought, howevor, that tho bauks will roturn to the old basis, and abandon the cortifieato bueiness within ten days, whon many lar; cr‘ny-rnllu will bave been pro- vided for; and thero are some who are so san- nine as to prodict that money will bo ensior after g].mt time than it has beon for a long poriod be- fore. BUSPICION OF UNFAIR DEALINGS, Thero are still reports afloat of collusion be- tween some fow bank Directors and brokers, and of division of profits from shares wrung from those wha are offercd certificates at banks whon thoy require currency ; but those cannot yot bo traced to trustwworthy sourcos, g, PHILADELPHIA, Speotal Mispatch to The Chicago Tridune, PuiLapeLPiIA, Oct. 0.—A lighter fooling was percoptible in the money market to-dsy. As & rule, brokors obtained curronoy protty freuly. Call loans, according to the collaterals offored, aried from 10 to 16 per cent, and first-class com- morcial paper from 12 to 18, Gold opencd at 10946, and closed at 109}¢. The receipt of a dis- pateh from Roading, this morning, announc- ing tho BUSPENSION OF DUSNING & BRO., bankers, oroated some littlo excitemont on 'Chionge. The firm have $2,000,000 doposits, Thoy will keop thoir bank open for the adjust- ment of accounts, and convert their assots and soourities mto cash, which will meot all their linbilities. Tho susponsion is belioved {0 bo only temporary. BTRIKE OF MILL OPERATORS, A largo number of fomalo operators of Oamp- boll's will, at Manayank, have struok in cone soruenco of & reduction in wages, with only five days' wookly work, Thoy aro endenvoring to in- duco the fomales in tho other mills to strike, and, from the tono of the work peoplo, I fear that a goneral strike is imminont, Malo and fomale hands in Mollow's spinning_ faotory aro workiug three-quurtora’ timo, Tho Palo Alto, Pa,, rolling mills have BUBPENDED OPERATIONS, throwing 200 mon out of omployment, Tho Port Carbon puddle mill, Morehunt mill, and #piko factory buvo also susponded. Upwards of 800 won aro roported idle. 'T'ho mon at Mouto- tius aud othor colliorics intho vicinage of Mount Carmol will horeaftor bo paid in goid. Businoss men 1 Now Onstlo, Dol., complain bitterly of the searolty of currency. “I'io contraorors engaged in constructing TIE BENKS COUNTY RAILROAD, from Roading north to Atatington, held a meat- ing last night in the formor town, to divousy the finsucisl covdition of ' the | road, Chief-Englnsor J. Dutton _ Bteclo said: “A tight” money market has brought us all up standing, A monery panio fa like a kicking horse, lnzf this timo it las kicked with-~ out putting its ears back. Torecover ouraclves,. I proposs to issuo due-bills of small denomina~ tlons, payable in six months from date. For everydolintof due-bills issucd, onedollar of firat- morigage bonds will bo put aside to securo their aymont at maturity; or, if thoy are presentod oforo maturity, in ‘sums of €100 or upwards, they moy be exchanged for bonds, or if tho bonds will sell in the market bofore duc-bills mature thoy will bo {mul in cnsh, a8 soon as the monoy can bo real- zod on tho bonds, T have only to add that I will sign thoso due-bills, and will oo that thoy aro koot good for thoir face valuo ; and, further- more, that tho 7 por ocut onds for whicl thoy mn{ 0 oxchanged aa desired {4 a8 good and safe an Investment as thore in in the country.” Aftor considerabla mummuend the propo- on sition was agroed to. thousnnd rails for the Borks County Rallroad are plled up at the TFish Dack rolling mill of Atking Bros., at Pottsville, The mill has suspended worlc' at presouton account of the monotary stringoney, but it is expected that op- erations will bo rosimed in a fow duys. A, B. Nettloton, Trustoes’ Agent of the NONTHERN PACIFIO BAILROAD, hes published o longthy lotter in our evening papors, purporting to rupl{l to some corro- spondont. The purport of tho lotter {s that the road has o substantinl business basis, and nlso that its securitics have apormanent value, One sentenco of Nettloton's issue is spocially worthy of motice. It is: “It is my emphatio belief that overy dopartment of tho Conipany's sorvica is maunged with clean hands, with rigid econo- my, and with good judgmont. (70 the Assoeiated Press.] Parraperruus, Oct, 9.—The workmen of tho Bouthwest Foundry, Honry G. Mouris,proprietor, struck to-day, in consequénce of the propriotor insisting npon a reduction of 20 per cent off mechanics, aud 10 por cent per diom off laborers' wogos, The Sonthwost Foundry ia one of tho largest industrial catablishmonts in the city, and employe nearly 600 Lands, L ———— ‘WASHINGTON. Special Dispatch to The Chicago Tribune, WasmiNozox, D. 0., Oct. 9.—The suit against JAY COOKE & €0, which was commencod some days ago in the Supreme Court of this District, and continued for hearing till to-morrow, on au application to forco the firm into bankruptoy, is likely to be dismissed on tho ground that s compotent court in Ponnsylvania has taken jurisdiction of all of the property of the Cookes, and it would not, thorefors, be compotent for a court here of liko jurisdiction to take cognizance of this ap- plication. It bocomes what 18 known in legal arlance esarace of diligence, n which the ‘ennsylvania Court got jurisdiction, TUEIR ASSETS GREATER THAN THEIR LIADILITIES, There is another question on which the court hero would be likely to docdo against the credi- tor, oven if tho above-montioned obatruction were not in the way, namely: The general as- sots of Jay Cooke & Co. are regarded as of the fair average value of bank assots, and these, ox-~ cluding their claim on the Northern Pacific, amount to a sum greater than the liabilities of the firm. Valuing their Northern Pacific claim at o very low figure, eay 25 por cent, it would ivo about 83,000,000 of assats_ovor 'and above lieir liabilitiea. But Jay Cooke & Co, havo the rontest confidonce that, with the infusion of a fittlo now blood Tto. tho alroady very wealthy and efficient Board of Directors of THE NORTHERN PACIFIC, the bonds of that Company will be worth every dollar invested in them by Jay Cooke & Co. Al- ready arrangements are in progress for the in- jection of naw sinews of strougth. e L ST 0 Secrotary of the Troasury always appesrs to bo plonsed when & reduction 1n tho price of gold is roported, and 8 correspondingly dis- pleased to hear a mlln% off in the quotations of Govornmout bonds i telegraphed. Ho was, therefore, av a loss to know tho cause of the tumble of from 1 to 11 por cent in the market valuo of United States bonds to-day. THE LEGAL-TENDER * RESERVE." The Sceretary tu-dn{unutuor!zud the gtatomont by tho faithful journals that, as was telographed tan duys ago by your corraspondent, tho logal- tander Tosorves would be drawn upon to moet the necessitios of the Government, [0 the Associated Press,] ‘WasminoToN, Oct. 9.—T'he Trensury resorves are now being daily drawn on to pay ouly the actunl oxponses of the Government. There is no approhension at_tho D‘Hmrtmunt that tho draft tipon the $44,000,000 will bo very heavy in tho ordinary course of business, The outstand- ing logal-tonders, now_shown to bo over $356,- 000,000, will bo roduced again to thoso figuros at the enrlicst practicable moment. It may be before the issue of the noxt public-debt state- ment. Tho Secrotary emphatically asserts the outstanding legal-tondora are not to exceed the minimum figures a day more than absolute do- mands of the Government requirements, The outstanding legal-tonders now amount to $358,- 966,488, WHEN WILL THEY RESUME? Mr, Camp was axked to-dny to give his opin- fun a8 to when thero will be & resumption of cur- roncy payments by tho banks, and he said he could not tell, becauso he was not preyared to admit that tho banks had suspended ourrency aymonts, Thoy had only refused to pay out u(;;ubundern for chocks. Legal-tenders, he added, are rapidly Incroasing in the banks of the city, and the banks are now paying all regular and logitimate demands upon thom, sl INDIANAPOLIS, Special Dispatch to The Chicago Tribune. INDiANAPOLIS, Oct, 9.—A Sentinel reporter to- day made a tour of the wholesale merchants of the city, for the purposs of ascortaining tho condition of trado. ~ He found that business has fallen off since the panio as follows: Drugs und medicines, 30 per cont; clothing, 40; hats and caps, 40; boots and shoes, 50; with no de- cline in groceries, and only a prospective deoline in dry goods. Itis thought that this clasa of business must fall off speedily unless financial aid comes, ——— PITTSBURGH., Prrrsnorcm, Pa., Oct, 0, —Rumors wers our- rent to-day that the firm of Springer, Harbough & Co., Suporior Iron Mills, in this city, had sus- pended, rumor doubtless aroso” from the fact that some time since the flrm of Harbaugh, Mathias & Owens, operat- ing the SBuperior Iron Mills, stopped tho manufacture of rails, the demand for which has consed, but they have in no way suspended businesa, ’l‘hs{ are considerod ‘ono of the strongest firms In this community. The firm of Springor, Harbough & Co; Lav Bo conncclion with the Buperior Iron Mills, but are ‘mg’l ed in the wool and commission business, They havo also met all their obligations promptly, and are in good condition, g SAN FRANOISCO. Special Dispateh to The Chicago Tribune. 8N I'nancisco, Oct. 9,—Monoy is easy at 13 for call loanw at the bank ; 9@12 for torm loaria. Colu drafts on Atlantio citios bring 6-10 to 3¢ ourrency drafts ; 93¢ on gold telegraphic tranus fors ; 13¢_for oxohange on London ; 404 @494 for sixty days' bankers' bills, and bl for com- morcial bills, Gold bars, 870, Silver bars, 8 to G coutn discount ; Moxican dollars, b1¢ per cont ; trado dollars, H}i promium ; silver coin, 3{@: per centdiscount, Bhipments of treasure by rail for tho woek ending yostorday, $290,000. Bhipments of Cali- fornia wine by soa in the last nino mouths, 368,- 000 gallons and 5,300 casos ; value, $365,000, ‘Wool shipped, 900,000 tbe; value, $175,000, Quicksilvor, fn flnske, 8,100 ; value, $227,000. ———— DAVENPORT, IA, Spectal Dispateh to The Chicago Tribune, Davexront, Ia,, Oct, 'he banks of this ity have all takon down thelr noticos of limited poayments or partial suspension, and have re- sumed in full, “Thoy are now dmn? busiuess in tho usnal manner, and, slthough & largo amount of monoy is being drawn out this woek, the banks are little the worse for the panic or tor the resumption, ‘The savings banks aro also doing a fine busi- HOKH NOW, —_—— OINOINNATI, OrvoryNaTy, Oct, 9,—Tho Cinelnnati Oloaring- Toune Associntion, at its meeting this aftornoon, docidod to {ssuo no additional Clearing-1louso cortificatos, and also to rotiro $50,000 niroady iusuod, thuk reducing the aggregato to $450,000, ‘Ihoy also appointed a comniletos to doviso a plan for settloment betweon the banks, winle the pro- coss of rotirng certifloates ehall bo proccodlug, and instructed P'rosident Cool to_ocorrospoud NUMBER 50, cltios of tho Wost and South, rolative to tho modo and timo of currency resumption, prbscils /ool DUBUQUE, IOWA., Spectal Dispatch to The Chicago Tribune, DunuquE, In., Oct. 0.—The defaulting Cashlor of the Merohants National Bank of this city, now in liquidation, !ufln that thors woro others be- stdes himuolf wio know ko was drawing largo amounts from tho bank, and that the books as thoy appear against him are incorrect. — DENVER. Spectal Dispatch to The Chicago Tribune. DeNvER, Oct, 9.—Iusincas is very nctivo hers, and thoro s not tho lenst signs of auy stringenoy in commercial or business circlos. —_— TENNESSEE, Spectal Dispateh to the Chicano Tribune, NasnvitLe, Tonn.,, Oct. 9.—Business hag frown romarkably quiet hero and in the wholo tate, owing to the flonncial crisis, e AUGUSTA, GA. Avausra, Ga., Oct. 9.—The banks have re- sumed currency payment to-day. Cotton re- coipts heavy, but monoy is too searce to move the crops. A light frost throughout this soction to-day. POLITICAL. The Congressional Cnnvass in the Eifth District of Michigan, Special Dispatch to The Chlcago 1 ibune. Gnaxo Rarips, Mich., Oct. 9.—The dispatches sont from Dotroit to the Chicago papers, rop; senting that tho Hon. Willlnm A. Howard in likely to seoure the Repnblican nomiuation for Congroes in this District by acclamation, and tha Dotroit Tribune's editorlals to the enmo effect, ore altogether premature, and do nat reflect the true state of feeling generally among Republi- cans throughout the district. Tho soveral days that have elapsed since Mr. Howard's namo was placed among others promi- nently urgod for nomination Lave brought cone clusive ovidence from many parts of the District that others will bo quito 8 strong a8 be in the Convention, if not_stronger. Mr. Howard is well known to advocate subsidics and land- grants on the part of tho Government, sud hia g‘o!ition a8 Land-Agont for the Northorn Pacific atlrond Company, suggests the course he svould now probably pursue, if in Congross, in bobialf of that interest. Sinca tho failur of Jay Gooko & Co,, Mr, Howard has eaid to parties in this city, that, as that ovont would stop the ne- %otiltlnn of ‘Northern Pacific Railroad bonds, jongress shiould by right, guarantee thoso bonds’ a8 it did those of the Union Pacific and Cent; Pacific ; otherwise tho construction of the road must_6top for tho prosout, which would, ha thought, prove a national calamity, Buch i8 undoubtedly his honest conviction, and it is consistont with his courso whon in Con gross some years ago. In pursuing such a course in Congress now, he would, undoubtedly, flud himuolt In » hn;fole»s and 'barmlogs minority § and, a8 rogards all other matters, his conceded abilitios as a legislator would make him & most usoful member to tho district and the country. But that is the yulnorable point on yhich he will bo assniled, and probably beaten, in tho Con- vention. Other candidates, whoso chances nEponr about oqually fair with each other's, and botter than Mr. Howard's, avo tho Hon, 3. V. Aldrkh, an ablo bauker aud businoss man, aad Albort Bax- ter, who, for moarly twenty ores, ks Leon political oditor 'of tho Daily Eagle,—both of this city. State Senator Wilbur and W. Wil- linms, of Allegan_County; L. 8. Lovoll and Hampton Rich, of Iowa County ; E, P. Forry, of Grand Haven (brothor to Senator Forry) ; and erhaps the friends of Liout.-Gov. Holt, of Mus- Kogon, who is now i Turopo, may be at work effectually in Lis bellf. But whoaver undortalkios to say there are any conclusive indications at the present time whio will be the successtul man, shows more pro- sumption than judgment. The Republican Convention is to be held on the 17th inst. ; tho Democratic, on the 22d. No candidates are yot promiuently named on tho Demoeratic side. Anti=llonopolists of Polk County, In. Sneolal Dispatch to The Chicago Tribine. DesMorses, In., Oct. 9.—The Anti-Monopo- liats of this county will closo the campaiga by a grand rally hore, on Suturday, Tho Stafo Cone tral Committee annouuce the Hon. J, G, Valo ag candidate for Governor; the Hon. O. E. Whit- ing as candidate for Lioutenant-Governor. Tha Hon, Fred 0'Donnell, of Dubuque, and tho Hon. H, C. Smith, of Iilinois, will bo present snd ad- dress tho meeting. The Hon, Fred O'Donnell, of Dubm{nn, passed through hore to-day, en route for WVintorset, whore he speaks to an Anti. Monopoly meoting to-nigit, Now York State Temperance Convens tio: Urioa, N. Y., Oct, 9. Convention Loro to-day was attended by ouly fifty delegatea. No nominations of State officors were made. A platform was adopted demanding' that Congress suppress the importation, mauu- facture, and salo of liquor; that they will vote only for logislators favorablo to prohibition ; recommend citizens of the State to unito in se- ouring from the next Legislaturo a law submit- ting to the peoplo the queation of prohibition, and urge tho euforcement of tho present laws againat the Sunday traffic in liquor. o Btate Tomperance Now York Colorcd Republicans. New Yong, Oct. 9.—The Couvention of Col- ored Ropublicans of thin State has resolved that it {8 for the best intercsts of the colored voters of the Stato to porpetuate their soparate political organization, ~This action was taken on tho proposition that all tho colorod organizations bo disbanded, and the members join the Ropublican organizations in their various districts. Tho New Party Movement in Califors nia. Bax Faanoisvo, Oct. 9.—The Btockton Grange has adopied memorial to Congress against any subsidy to the Ban Joaquin & Kings River Irri- ating Canal Company, ‘The Farmers' Conven. on moets in this city next weok. RAILROAD NEWS. The Gitman, Clinton & Springtield Railrond Cave at Bloomington-=Mo« tion for a Change of Vonue Denieds Spectal Dispateh to The Chicago T'ribune, BrooxiNatox, I, Oct, 9.—In the cage of the Gilman, Clinton & Springfeld Railraad, which came up in the Circuit Court of this county to- day, a motion was made by H. 0. Mooro in be- balf of Melvin F. Black, Fuller, and others, for a change of venue, upon the ground that Judge ‘Tipton, of this Court, who rendered the famous ralkasd dacidlon: nomie oAEhS sinco, I8 preju- diced against railroads, Aftor n long argument, tho change of venue was denied, and the case will bo argued to-morrow, Groat iutorest is manifested. Northwestern Union Raiirond,. Special Disvatch to The Chicago Tribune, Miuwauneg, Oct, 9,—Tho Luke Shore & West- ern Division of the Northwestern Union Rrilvoad s comploted to Two Rivera, At 4 a'cluck to- day, B. B. Smith, of the placo named, drove the Iast spiko. 'I'wo Rivers is quite o manufacturing town, and tho oxtension of tho roud to that lmlnl will add to the trafiic of the Luke Bhore Ruilrond, Ohlo & Misslssippi Railrond Enrnings. Omvorynaty, Oct, 9.—The Ohlo & Misuiusippi TRailroad Diractors met to-day, 'Tho Auditor ro- ported 31,200,000 as the not earnings of lnst year, boing noarly 19 por cont more than the year before, g CONDUCTORS’ INSURANCE. Bosrox, Oct. 9,—The Conductors' Convention to-dny amended their by-laws so that no mem- bor of anothier insuranco associntion conld hold oflico in the Couductors' Assovintion, aud the 1wability to porform manual lubor will entitle o momber to tho reward provided in eventof doutl, ——— THE C°BB-TAYLOR LIBEL CASE. Special Dispateh to T'he Chicage Tribune. Ransag Ciry, Oot, 0,—Mnoh mtorest is mani. fostod in_tho Sonator Cobb vs. Taylor scandal smit, at Wyandotto, to-day All tho principal oliticlans of Kanxas ware gresout, Tp indlin: iony are that it 3u.e political fight, Taylor is » oandidate to the ITouse, Cobb is worklug for hiu defeat from tho fooling grown out of alleged with the Clearing-Houses of Now York and of | libol.