Chicago Daily Tribune Newspaper, October 15, 1873, Page 1

The Ghicage Daily Teibmne, VOLUME 27. oo GIET _CONGERT: Grandest Scheme Ever Known, Pourth Grand Gift Coneert FOR THF: BENETIT OF THE PUBLIC LIBRARY OF KENTUCKY. 12,000 Cash Gifts, $1,500,000. B250,000 for BBO. The Fonrth Grand Gift Concort suthorized by apocial act of tho Leglslaturo for the benefit of the Publio Libras 1y of Kantucky, will tako place ln Publio Library Hall, at Touissille, Ky., ‘Wednesday, December 3, 1873, Onl‘y sixty thousand tickots will bo sold, Tho tickela aro divlded nta ton coupons or pacte. At this Concort, which will bo tho grandest musioal dis. piayever witnossed In thls country, tha unprocedented ~'$1,500,000, Divided into 12,000 cash gifts, will bo distributed by lot amiong tho tickot-huldors. LIST OF GIFTS. ONE GRAND OASII GIFT. ONE G1tAND OASII ONE GRRAND OASIT ONE GRAND OASIT GIFT. ONE GRAND CASI GIFT, 10 Cash Glfta, $10,000 ench.... 100,000 30 Uash Gifts, 5,000 cach 150,000 &0 Cush Gifts, 80 Cauh Glltsy 40,000 100 Cash Glits, 10,000 160 Cash Gifin 45,000 230 Canh Gitenr 50,000 325 Casl Gifts, 32,500 11,000 Casli Gifts, 550,000 Total, 12,000 Gifta, ALY OASTI, Rmonnting 1o, 81,500,000 Tho distribution will be positive, whothor sl tho tekots yogotdarnat, S tio 2160 ifla"sll paid ia proportion PRICE OF TICKETS. .00; T .08; Tonth: h e RS oksts for 81 NG ‘discaunt o os than t & thno, aud ‘all ordors Accompsntod Liboral terms given to Pt Tme e xod ianeaer Gt oot . Libr, Ky, It cort Aront B Ll i, Tourie, K. O THOS, J1. HAYS, &8 Broadway, Now Wy ork. Wo havo o agonts {n'Chicago, and all commubications must Lo addressed to tho homa offico st Loulsvillo. THE SHORTEST ROUTE T0 FORTUNE. $100,000 for only $2.60, TOE LARGEST RETURN FOR THE SMA ST INVESTMENT. A GRAND GIFT CONCERT WILL BE HELD AT LEAVENWORTH, IXANSAS, December 2Lst, 1873, FOR THE BENEFIT OF A i JUVENILE REFORM SCHOOL. 40,000 Gifis, $S4.50,000 in Prizes, Prinecipal Prize,$1 00,000 Bouslsting of tha suporh, palatisl, resldonco of Simen Abolos, [fsq., nnsurpasod b & privato dwolling in tho United Btatch, botng only a fow blooks from tho Qonrte surrounded by, magnificont orchards, rounds, ardoites and sinerards. o patldlne s’ boen outy rocuntly'comploted with all modorn improvemonts, 2 P EREZE LIST. :l.é Sl Baate, > w oo 50,12 00 Engts s‘i‘l’)"(l"?‘ g'fi:& o 1000 40.000 Prizen o o o = S450,000 Tho tlo to Lise above real ostate s guarantdod porfect. Tho liheral forns of this achiomo brings it within the reach of all—tho greatost oppurtunity ovur offorad to the Poor man (0 ise 1o wealth, PRICE OY TICKETS. Singlo Tickets, $2.50; Hleven Tickots, $86.00; Fifty-aix Tiokots, $135.00: Ono Hundrad and Fifteen Tickots, $350.00. ‘Tho drawing will bo mado under tho auperintondence of a committeo appointed by tho highest ofliclals in tho Btate, duly sworn to the faithful performancoof tho du- tice ansigned thawn. ‘Tho highest otficials both of Cl?!.b ‘Zlfllaty 3 at, also Tho demand for tickets ia nnparallolod, and all doslring to ‘))uuolulw in the drawiog should atonoo form their clubs and send in thelr orders. GENTS WANTED In all States, Citics, an, A a0 tho Unhted Siniay e Cunelugnd E2Monoy should bo seut by Roglats Tatter, P, O, gzddr or Kxproas, with tho full adress ui we ,.orchasor Livory package of 11 tickots has a chanco to win 11 prizes, but positively certain to win one, whilo ono por. son out of every ten \who purchiase a packago of 11 is bonnd o _win two prizes. For furthor infurmatinnand partioulars, sond for clrcu- lars ross 10 tho Mansgor aud Propristor, and 'add: SIMON ABELES, Losvonworth, Kan., Or eall at 161 East Madlson-st., Chicago. PAPER HANGINGS, &o. HILGER, JENKINS & FAXON, . 107 STATE-ST. PAPER HANGINGS, BEDDING, -WINDOW SHADES. LACES, &a. hiave not only indorsod Mr. Abelor, @. MENDELSON, 34 Washington-st, NEW—IHB or Real Laces, Fringes, Gimps, Ornaments, and Fouragiers, Just Oponing, will bo sald a4 VERY LOWFIGURES. ‘WANTED. e —— ‘ l ANTED--AGENTS..FROM 875} to 8360 por mouth, ¢rerywhers, to soll one] ] of the most usoful articlos cvor invented) nooded fu ovory family, Bend for Clron:] lar. Add ™% BrooMB & 0., 167 Btate-st., Ontoaao, M. e e e, e —rry HOTELS. IRVING HOTSE, 148 & 160 Wabash-av,, Chicago, First-Class Acconmodations for 160 Grosts, Lerms, $2.00 per Day. ol TG Sypningss, moss Dl onteal, gt o om ity L, CARLUTATYT, WINTER RESORT. MOYAL VIOTORIA HOTHEL, Nassau, N, .. Bahamas, nl!mm for the winter goasnn Nov.L "Tor tuli'iaforinaiion, sddress J, L, ok Tardullitoruation, address J. LIDGERWOOD, T, J. PORTER, Proorietor, OVERCOATS, “0AK HALL," BOSTON. ‘Wa rospectfully oall tha attention of the trade and pub~ Ho throughout the United Btatos to the excellont stock ond unrivaled assortmont of TLSTER OVERGOATS| now ready for oxamination snd sslo at OAIX HALL, BOSTON. Dolng the original introducers of this garmont to the Amorican market, we olaim pooullsr facllittes for fur- nishing the nxsT, both of forolgn and domentfo mako, "Those we offor this season contsin tho latest improve- monta mado in Ruropo up to dstoof Soptomber, and our arrangements aro comploto for recelving regular month. Iy supply throughout the soason from the best houses in Ireland and England, 4 The prioes for the season will be fixed at. $30, $40 & 345, with rogalar discount to the trade throughont the eoune tr7. In sonding ardors for theso Coats, tho only mensures necossary are Aeight af the person and atse round the breast, Diroot lottors to the ULSTER DEPANTAENT of OAK HALL, BOSTON. G. W. SIMMONS & SON, 36, 38 North-nt. FINANCIAL. STATEST. SAVINGS BAN, 281 State-st., cor, Van Buren. This Bank offers the most libéral inducements consistent with sound banking. Interest allowed on Savings De- posits at 8 per cent per annum from date of deposit. Deposit accounts of Merchants, TPraders, Mechanios, Builders, Farm~ ers, Clerks, Luborers, and others, solicited. C. N. SHIPMAN, President. ENOS BROWN, V. Prost. J. B. SABINE, Cashior. Preston, Kean & Co, BATKERS, 167 08 16D Ta8et st | Gor. Rbadoioh & Himsiodate, ‘We recoivo tho nccounts of Merchants, ‘Bankors, and othora. Our South Bide Bank will romove to 100 Washington-st. 88 100m 84 bullding & complotod. FOURTH NATIONAL BANK, N.E. Cor. Clark and Washington-sts. i CHICAGO. . V. PAGE, . F.0, TAYLO! "ice-Pros. BENT. V. A e Ra kN, Gt Vice- e, DIRECTORS : 71, V. PAGE, Ista V.-P, HEXRY R. P) Dot et ll:nk,v M, l;l.'oqnxfif'&:dun, Shol- R hSitan, Beée, Union GRohaz. “Harcon, ExOit L. , Prés. Unlon . Ex Fonndry Works, Campirollor, A The acconnts of bauks, bankors, morchante, sad manu- facturers solioited. Foroign exchang REAL ESTATE. BARGAINS IN REAL ESTATE, CEHEAER LiOTS. I am offering for sale a large num- ber of Lots in the West Division, in desirable localities, at very low figures, and on easy torms _of pay- meonts, Certificates of Deposit, issued by any of our Savings or Na- tional Banks, will be accepted in pia.r: pia_yment. Call madf exlgnzuno ats of property, or send for lists. G v? J. ON. . AHAN, 112 and 114 Dearborn-st. Acre Property. Two fine acre tracts in the vicinity of Humboldt Park, will bo sold at & bm‘%uin if taken this woel, Also, o desirable ten acre piece adjoining Irving Park, Several half acre lots in the South Shore Subdivision (%ydx Park). 113 and 114 Doarborn-st. Dwelling-House Property. I have soveral commodious Dwolling- Hounes, Framo and Brick, for sale in vari- ous looalities, which can bo bought very low during the prosent * pressuro for money.” Alao soveral piocoa of fine property (unime proved), spocinlly desirable for building pur- poses. W.J, ONAHAN, 113 and 114 Dearborn-st. DISSOLUTION NOTICES. DISSOLUTION. Tho Copastnorahip heratofore oxistiug betwoen the un. dorstgned undor the fimm name of ELMENDORF & LYBRAND 1s this day dissolvod by mutnnl consont, T, ¥. KELMENDORF, J. W, LYBIAND, Towost raty Ohioago, Oot, 13, 1878. The undersignod, sucoessors o KLMENDORF & Ly- BRAND, undor the firm name of ELMENDORF & CO., soliclt & continuance of the goncrous patronsge of the 1ate firm. “With increased fucilitios we are amply propared to tran. sact business ontrusted to us, aud give 1t prompt atton- e an dipasaly ELMENDORT & 00, ¥, ¥, RLMENDORF, RLIPHALKET NOTT. Oat. 13, 1073, BUSINESS CARDS. J. M W. JONES, Wholosale, Tiotatl, and Manufacturing STATIONER, 104 & 106 Madison-st. 3y factlities for the mannfsoturo of Blank Booka and wxedating Raflroad and Oummercisl Printing aro unsin: usod. “Oauh country boyors wi find 16 to tholr interest {5 el on e Lafora purotiasiux. LAKE NAVIGATION, GOODRICH’S STEAMERS Ta , B koo, Slicboygan, ete., daily, Sundase B e TN A A P e A waukoo, ata,, don't luave until§ p. m, Hpron, Grand Rapids, Muskogon, eto,, trl- 7 po . ndays excopted, 108, m. Bate vo uutl) 11 p. w. 97 Bay P b‘ml Frldl{. CHICAGO, WEDNESDAY, OCFOBER 15, 1873, JEWELRY. EXPOSITION! We have just opened new styles in Gold,Coral and Amethyst Sets, Rings, and Buttons, at unusually low prices. N, MATSON & 00, STATE & HONROESTS, GENERAL NOTICES. AN TPELER GREAT FAIR OF THE % CHICAGO TURNGEMEINDE North Side Turner Hall, THE CLOCK, TO BE AWARDED TO THE MOST POPULAR DRY GOODS HOUSE IN THE CITY, WAS VOTED TO THE FIRM OF MESSRS, FIELD, LEITER & C0. At the close of the Poll, the vote stood as follows: Field, Leiter & Co. - - « « 2,226 Hamlin, Hale & Co. - - = 181 John V. Farwell & Co.- - 1,596 THE FAIR COMMITTEE, LUNCHES BY THR LADIES OF THE Dnion Park Congregational Chuech, WILL BE CONTINUED At 172 Madison-st,, near LaSalle Entire Bill, 50c. INOTICE. A spactal mooting of tho stookholdars of the Atlantic & Pacillo Folograph Company will be hold at thio Geooral Ottico of the Compa 103 Broadway, in the Clty of ow York, on Tuo: 23th day of Qctober, 1873, at 11, m., for the purpose of considering and acting upon cortaln resolutions thon and thore to bo offered relative to tho disposition of tho nnissucd stock of tho Cowpeny. Ex00utivn Commitien, By orderof tho kxee EEHBRy O, Boorata New York, Qct. 13, 1673 STEVENS' EGG CARRIER. STEVENS' PATENT EGG CARRIER Patented February 26, 1867, [ i Tongy ¥, Dillings: THitotan, Ot 4. 16e aar Bir: As roquostod by you, ‘wo have exam R Carslor knowt ar thio ] Difianoo Garrion " have no besitation {n saying that it ta an inlringemont pon th ot i Carrior ; aud, in our opin. ion, you can pros {1 petsons engagod sither {n tho wanufaoturs, sale, or use, of the ' Dallanco Oarclor." Yours, &¢., GRIDLEY & WARNER, Att'm, Yo, INFRINGEMENT. Notlco fa horoby givon that tho Deftance Garalor, nion £:gg Garrler Co s, 82 Twin adyisad by oy artornoye, an Infrizgomont uyod i Egg Unilor Patont, and tho Blevens' Egg stont, aid sacondio Mr, b comimonood ault again: ;n‘r In!rlng:lngfll. Iflfl!‘clullg Drnllllfl':lrl?. all lnl‘l eLiEAL Who faanufacture, sully aF use, tie Garfior™ THENRY ¥, BILLINGS, n Asslgnos of J, L. & 0, V. STEVENS, Chifoago, Qot. 10, 1411 HOSIERY AND EMBEROIDERIES. A A A A e ~ofras, HAND-ENIT GOODS, MITTS, Scms, EMBROIDERIES, SHIRTS DRAWERS, GLOVES, mofj1ERY, YARNS AND FANCY GOODS. WHOLERALE...cens 117 Frunkllnest. RETAIL.. -:08 Stateost, FOR SALE. Fapior Mache and Fine Inlaid Writing Desks, AT WHOLESALE AND RETAIL, AT CULVER, PAGE, HOYNE & CO.5, 118 & 120 Monroe-st. PHROFESSIONAL. Drs. Collins and Duff Oan bo consulted at the DESPLAINES.ST. DISPEN- BARY, 199 South Deaplainos-st. (corner Prico-place), whore all medioal and surgical disoasss aro troated with the utmost akill and -rfil"u‘{;fu"iml and DYSPEPSIA sucoossfully troatod, Partioular at o oo ud bttt 1o Dlessios of the 8kis, Cauxultatlons In s)l languages. Tor farthor partiouincs el or ddross as abovo. Ophthalmio and Aural Burgery, Dead: 1, Walkor sttonty oxolusivoly to tho Modlos glou and Burgloul troatuient of disosica and doloruilties o th AR ],6&:‘- 181 South Olurk-at, Eatablishod in Ohloago, As Attention, ST;l(nIghts. Btated coaula f Bt, B d O ory, No. 85, Ko Be 118 Wollneoay svantng. at 7 o'ojoaks Work ot b Oddor of K. 1. 157 prdoe o 15, (1. 3.0 BIGKTRSON, Reoordor, ANOTHER STOCK PINIC. Vanderhilts Day of Judg- ment, ' Heavy Decline of Watered Stocks, ; Great Land-Slido in Now York Central, Tako Shore, Wostern Utlon, Northwestorn, ~ and: b The Whole List Sympathizes, Several New Failures Re- ported. Belief in New York that Vanderbilt Has *Lost His Grip.” Scemes Last Night .at the Fiftn Avenuo Hotels Opinions of Bursted Brokers on the Situation. Daniel Drew Thinks that the Mercan- tile Community Will Not Be Much Affected. Ho Also Thinks that Vandorhilt Is Shaky. NEW YOREK. A DISTRESHING DAY. Special Dispatch to The Chicago Tribune, Nsw Yorg, Oot.14.—A financial crisis ogual In ite disastrous consequences to atocks to that ono which began on Sopt. 18, and practically onded eleven days later on the opening of the Btook Exchange, scomed to-day to be impending ovor Wail atreot. Notwithstanding that thero is little oxcitoment, the deprossion oxcecded that of any day siuco tho reopening of the Exchange. Tho declino which has existed with slight roac- tions sinco the resumption of busincss, has caus- od groat despondency, and further weakoned many who wore already tottering under burdons which far exceoded their strength. With tho beginning of business on tho Stock Exchange thero was A DIEPOSITION TO ELL BTOCK Doth for short account, and to roalizo upon ac- tual holdings, The advance Lo 6 per cunt of tho Bank of England rate of disconnt tended to un- sottle matters, and in addition to this ¥ama dis- couraging rumors of imponding disaglors, and of deop-seated troubles in some prominent foroign banking houses. The stoady downward drift of the prices of stocks, demoralizod con- sorvative holdoers, and an ardent desire to un~ lond was tho natural consoquence, For years a8t ¥ THE NAME OF COMMODORE VANDELDIIT hasbisd such magic in it that it was only neces- sary to montion it in connection with nn undor- taking to insuro tho immediato appreciation of such enterprise. Iun carlier yosrs tho Com- modore's speculations were consorvative and judicious. Esch succossive on- torpriso paselng under his oontrol bad been made a pormanent success, Harlem, Hudson, Now York Central, had each pros- pored and borne its promoters good fruit. The) wero taken singly, and developed with time an: attention. But with the doathof Horaco F. Clarke, s new ora of spooulation secmed to have been entored upon by Vauderbilt. It was woll known that, porbaps with tho oxcoption of Westorn Union, Clarke was ‘‘long" of Lako Bhore, Now York Contral, Union Pacifio, North- westorn, and noarly all other activo’stocks, Upon Clatke's doath, the Commodore, who was alrondy *long” of vast quantitics of Westorn Union, as the recont election for of- ficors ' of that Company will prova, was compolled to assumo tho managoment of the Lake Bhore and other Olarko entorpriscs in order to protoct the interests of tho New York Contral from active and ablo rivals. As anatural rewult, ho became overloaded, and, whon the Iato crisis occurred, was unablo to protect himuelt, to eay nothing of his friends, His appoal to tho Prosident, and inability to refund a loan of £1,780,000 to tho Union T'rust Company in order to ayort it failure, and the courso of tho stock ‘markot sinco tho rooponing of the Exchango, ail suggosted this. Evor since ho becamo control- lor of tho Now York Central, he has upheld the stock aud made it practically hia standard on tho Exchago. This continuad proof of woaknous dishoartonod men who ha¢ stood by bim, and whon Central bogan to fall they rofusod longer to own allegianco to him, in ordor to savo thomselves. Lake Bhore, Harlem, and his othor stocks wore pressed to ssle and sacrificed. The failure of Goorge Bird Grinnell & Co., was the firat startling break in those that were known pod : VANDERDILT TOUSES, Rumors of evory description ciroulated ro- garding othor brokers known to be idoutified with his fortunes, Time alono can toll whether the events of the past fow days have loft other houses in a healthy condition, such asis necea- sary to allow of thoir continuance in business, On_the opening of tho Exchange pricos do- clined in a maoner SUGGESTIVE OF TIE RECENT DISABTER. Wostorn Union_foll the lowost, dropping from 5754 to O, ralliod to 64, dropped to 483, aud olosod at 48, Lake Bhoro roso from 64 to 6635, rocoded to 68%, recovered to 05, declined to B934, and left off at 60. Now York Central fall off ‘from B33 to 823, and rallicd noar the closo to 835, arlom went from 107 to 1073, and olosed at 100, Rock Island rose from 88 to 885, and dropped abruptly to 803, where it closed. Northwostorn oponed 'a 40, olosod at 813¢, Wabash rosa from43 to 423¢, and olosad at 83%. Pacifio Mail rose {rom 803 to 8134, and foll to 201, Erie foll from 46 {o 5{: Union Pacillo from 185 to 163¢; Milwau- & 8t. Poaul from 293¢ to'23, BUMNORED FAILUDE OF YANDERNIVT BIOKERS, Prominent amoung thore whose failuro was rumored woro 8 numbor of Vanderbilt brokers, bu: lukqulry foiled to confirm its truth up to 8 o'clock. THE PAILURES OFFIOIALLY ANNOUNCED were thoso of W. M. Whittemoro & Co., No. 03 Broadway; O. II. Pearce & Co., Broad' stroot; and Wiso & Cross, No. 43 Lxchange placo, Thoso were not regarded as very embarrassing to the markot, but thoy wero acoompaniod by ro- ports of extensive mercantilo and hlnmug Tnil- ures. Thuao_llm\(nd to bo William Hoge & Co., Dbankers, No, 40 Wall atrcot; Gitieaplo, Trows bridga & Co., ten importors, No. 10U Wator stroot; and Burger, Hurlburt & TLivingstone, sugar doalors, No, 91 Wall street, It wny also roportod that Osgaod & Co,, No, 24 Broad atroot, and Boyd, Vincent & Co., No. 80 Brond utroet, had fallod, but this was without foundation, It s gonorally bolioved that tho PRIMARY OAUHE OF THE PANICKY FEELING that provailed on the Exchango was tho inability of Commodore Vandorbilt to eustain the prices of hig portioular stocks. It is also reported thiat ho Was 0 pressod for monoy that ho wonld not be able to pay the Now York Contral divi- dend, which i due to-morrow. Inquiry regard- lngll'xlu of thoso who wore so situated as to Kuiow, eliottod tho fact that tho dividond monoy was in bank, and would bo paid out to-morrow. 1t Is further asserted that sovoral bankers woro oatling in loans, aud converting their ourroncy into oxchinngo and gold, in obodienco to call ordors from Europo, Tho gonoral impression, howaver, appears to bo that tho dacline waa atfributablo to o break in Now York Contral, that stock haviug boon gons orally rogardod as tho main atay of tho markot, and a8 tho bost proot of tho strongth and ability of Vanderbilt. When thot broko, it naturally ecarried down alf the othor Vandorbilt stocks, nud, indood, tho rost of tho list. Tho euspended brofiors wora_carrying largo quantitios of stoclr, Tihso ton, and sugat dealers wero catrying largo qunatitios of thoso commodities on which thoy could not ronlizo, owing to tho peculiar condi- tion of the markots. OPERATIONS ON TIIE GOLD EXCUANGE wore _exclted. Tho price opened at 1083¢, de- clined to 1085, but, in consoquonce of rumors of henyy ordors from tho othor eido to purchaso exchange in gold, thera was & shrrp advanco to 10934, with o ronction to 109)4. MONEY 18 QUOTED TIGHT at from 1-16 to X{, ~ Grocubacks woro ¥ bid, and offerod at 1. LIVELY AOENES AT THE FIFTI AVENUE. The corridors and bails of tho Tifth Avonne Hotol wore thronged throughout tho evening by groups of men, who discussed excitedly tho ovents of tho day. Prominont smong those woro Honry Olews, Col. IT, G. Stebbins, Franls Work, Rtichard Scholl, 0. 8. Bushnell, and L, Cutting. Tho gront thome scomed to be tho prospect of & warne panlo tian boforo, and the ono Liopo ox- presaed was of o roturn of “hard pan.” Ono prominent operator snid 16 was NOT A NEW PANIC 3 it waa only the smouldering embors cf the old ono bluzing ug. They Liad not been safo since tho first; and bavo folt 8o all along. FRANE WORE, 1n reply to Inquirios, asid the cause of tho frosh outbronk was plaiu £o bo scon. ‘Lo pooplo had no confldonce in tho narkets, and would not lot thoir money ont, Thoy wore honrding with'moro avidity than at tho hoginning of the panio, wock boforalaot. Thoro is DO monoy to got; and tho bauks, while. thoy Dhove aided ono another and tho merchants, have mnit- ed to crush tho private banking ‘hiouncs and oporations. Values are no Yonper of any considoration in tho purchaso and snle of proporty in Wall stcet. As for tho prospact, we cannot bo much worso than we arc. Othor brokers oxprossed asimilar views, VIEWS OF DANIEL DREW, In anewer to ioquirios regarding tha Wall street troubles, Danicl Drow said ho did not know whot to think, Ono man's opinions woro fiflt a8 good 88 anothor's in such timos as theso, o hiad novor_seon anything like this panio in his lifo, and hed no clear ides ns to its cautos or’ ullimato consoquences, Ho hardly thought it would involve the morcantilo community, and yot everybody must boe moro or loua affoctod by it. Tharo wore 8o many peoplo holding eacuritios who could not soll them ox- oopt at & great sacrifico that almost_overybody would feol the offects of the panio. Ho was un- able to suggest a reason for tho presont condi- tion of affairs, In rogard to quostions in rofor- enco to the resumption of specie payments, ho 8aid that the banks counot pay greenbacks, snd ho did not 800 how thoy could pay epecio’ any easior. Tho fact was that overybodv Lad lost confidonco in e\'uryuxlnfi. Pooplo wero afraid of ovorybody. Ho thon falked about Vandorbilt boing “ghalcy.” [To the Associated Press.] A BLUE TIXE, Neiw Yong, Oct. 14, —Wall strect has secn tho bluest timo to-day it has over known, 8o far ag tho Stock Ixchange is_concerned, and prices havo been allowed to fall below tho lowest points touched in sny of tho panics of tho past ton yoars. Tho decline was attributod to various causos, Somo hold that tho doprossion was due to the ordor of Judge DBlutchford yosterdsy, in rolation to the bLankruptoy of Goorge Bird Grinnoll & Co., and gaid that until the injunction was romoved 1o one on the street could toll how soon the markot might bo flooded with stock, and, so long as it continuos, brokors will be unablo to borrow monoy. Othera TXPLAINED THE HEAVY TUMBLE by tho fact that a largo amount of stocks earried on margina bad boon sold in coneoquence of lholders boing unable to put up any more collat- oral. It is enid that Vandorbilt has beon a froo sollar, and that Jay Gould bos sold out the stocks which ho bought in and could not deliver, and has boon buying up gold. Orders have boon sont in to-day from almost evory quartar DIRECTING THE BALE OF STOCKS, and outsides appear panic-strickon. There wero various rumors regarding both Danicl Drow and Commodore Vandorbilt, The fact that baukrupt- oy procoedings againat Konyon Cox & Co, aro di- rected against Mr. Drew, id significant ; and Mr. Draw's transactions are supposed to bo at the bottom of tho difficulty with Loyd & Vincont, as it has alwaya Leon CO3IODORE VANDERBILT'S POLICY tohold up Now York Contral against the tido, no matter what the consequence to othor stocks. The declino in Ceniral from 883§ to B3i¢ to-day is talken as o sign of the Commodore’s f- ability to bolstor it up. The sudden decline in tho wholo list, iu which Westorn Union foll from 5734 to 4934, aud Lalke Shore from 663¢ to 59756, cannot but' bo disastrons to many houses largoly intorested in those stocks, It ia s stroot whispor that TUE FALL IN LAKE SUORE in partly engincored by the Vanderbilt pcty, with tho intention of gotting control of the road, just as_llarlom was gobbled ug:, a8 the roa i considered necossary to tho intercst of the New York Contral. Anatlier division of the Vander- bilt party liguidated to-dsy on account of the withdrawal of facilities from banks and private monoy-lendors. BUSPENSIONS, The houso of Burgor, Hulbert & Lovingaton, susponded, is sald to bo in a solvent condition, and able to pay two for ono, but ean noitlier bor- row nor mako collections. Thoir linbilitics are roported at $600,000, whilo thoir nssots aro placed at $1,100,000. Tho failura of Gillesple, Trowbridga & Co. is owing to customors not bolng able to respond, Mr, Willinm M. Whittemoro eald that his was strictly a commission lLouso, Thoir difficulty was caused by earrying stocks for oustomers in tho West and’ this " city,~mon who are porfectly good, but who could not moet thoir ongagoments at tho moment on account of tho moncy searoity. ‘They will rosume inside of ten days. William Ioge & Co.’s managor snid that the Junior partner was ju Europe, and the sonior suddenly taken ill on Baturday, while on his way homo, Consequently no buaiuest could be dona, and suspension became necosssry until Mr, Hogo, 8r., recovered. THE AR 18 DUSY WITI RUMORS of ovil and dismster, and namos 8ro_agaln bane died about na idly as ovor at any timo for tho Iast throo wooks, 'The stroot is cortalnly in a panicky shapo, though it is to bo ho&md tho mor- row will bring moro roason, for the look outside of Wall streot is nono the less cheering than this morning. NEWAPAPER COMMENTS, The Ezrpress says: * Under a pressuro to raiso_money, fimst-olusa dividend-paying stocks havo boon thrown ovorbonrd for ulmoat anything they will bring, aud tlo rosult I something vory 1ike suother panio, Now is tha timo for pooplo who have mouey to invest to lot loose their hoards., Thoy will nover have a better oppor- tunity to mako money thau in picking up at u;hcn% pricos valuablo proporties thus suc- rificed.” Tho Afail reports morchants fooling much bet- tor than lngt wook. ‘Tholr colleotions, espeoiaily from Chicago, havo improvod immonsely. Or- ders far dry-goods are iucronsing. " EDITORIAL COMMENTS, Tho Times' finaucinl articlo says: The stampedo In atocks to-duy is owing mainly to the bankruptoy Smcuudlngs in tho csse of Griunell & Co., and the lnlluuntlulm upon pioney- lenders on stook collatoral which followed, Tha offoct of all that transpired beforo tho Court, Baturday, was vory bad, and but partially quali~ fled by tho modification of the hlfilucunn yoster- day. = Cnblo telograms come from London ad- vising sgainst tho londing of monoy ou stooks on any torms until this slarming and subversive ‘bankruptey action is dotormined, From tho pros- out standpoint, it would seoin as though no mon- oy-lender is snfo in advancing upon atook collat- oral. Of courso,this prasoription is too swooplng, and ought not 0 nst in its full forco: but it bo- comes tmoro evident ovory day thut dealings, ns woll for cash as on options and marging st the Exchango, muut ho {llamuglfly roorganized ay soon ax adjustmonts and attondant saoriflees on mm{wndnd coutracts of Hopt. 20 are through with, Moeanwhilo, pricos for stooks have fallen 80 low and tho tomptation to spooulato for a rise Lug bocomo so groat that cash purchases, cvou by monoy-loudora thomsclves, who have atolmnd off their advancos for others becauso of legal impodiments, sro likoly to beoome numorons, In addition to the roasons for the doclina given abovo, tho New York Contral dividend of 8,600,000 in payablo to-morrow, uud, o part of tho means of tho rond lont outson the stroot to the latost hour had to bo callod In to-day. ‘Lo resumption of greonback NUMBER 55. aymonts by tho Oinoinnatl banks yestorday, Fflllowlng rosuraption In Ohicago last wook, hias added to’ tho_facilitio of Wostorn colloctlons, and our merchants hiora avo much oncouraged by the turn of oxchango and curronoy iu thix direc- tion, The curroncy coming in, howevor, scoms not to go into the banks, and ‘the sum lotal of roonbnoks undor tho control of tho mmmg- fiomoia rathor undor than over tho total hold- ings of laat wools,” LETTER FROM PRESIDENT GRANT. Publication is mado in the Now York Evening Pos! to-day of a lottor from President Grantto . -A. Cowdry, dated Oct., 8, 'The Presi- dont snya: "My wholo object in my lotter to Anthony and Olaflin was to restors con- fidenco to the publiomind, and to givo nssuranco that tho Guvornmont would give all tho ald In its power, keeping iv viow, at_tha samo timo, the solvency of tho National Troasury. al- luded to %ho fact thnt 44,000,000 of reserve notes In tho Treasury would bs regarded a8 monoy in the 'Fromsury for tho purpose of showing that the moaus Are at hand to givo tho rolief that we promise. I donot beliovo tho prosent pantawill work to individuals half the in- ury that it will work gonoral good to tho coun- tryat large. Our monotary systom I8 & creation of neceesity, It hns no olasticity, but in other rospecty it 18 tho bost that has over boon devised, No ono now distrusts tho value of his paper dol- lar. On tho contrary, it is gsolzed and hoarded with tho samo avidity now that gold dollary havo boen in_ formor liko advorsities, The panio will ooll attontion to tho dofects in our monetary systom, and will, no doubt 1ond to logislation to rofiovo tho want of olas- tioity, Tho panio has brought greonbacks about to a'par with silver, I wondor that silver is not alrendy coming into the murkot, to_supply our- ronoy {n the grouhting melium. Whon it doos como, and I predict that it soon will, wo will hiave mado one rapid stride toward spocio pay- menta. Currency will never go bolow silvor after that.,” The romaindor of tho lettor i davoted to the viows of tho Prosidont aa to silvor as s ciroulat— ing medium, but theso havo alroady been mado publio in a recent intervievw. o= =4 ST, LOUIS. Spectal Dispatch to The Chicago Tribune, THE STRONG DANKS DETERMINED TO RESUME. 81. Louis, Oct. 14.—Thero is n growing foel- ing of indiguation lore against the banks that &re opposed to speedy resumption. A very con- sldorable number will not resume curroncy pay- ‘mont on the firat of Novomber if they can avoid it, The stronger institutions aro angry st the delay, and, i it is prolonged boyond tho stipu- Iated timo, will establish a now Olearing-Houso, sud return to the good old way of doing busi- noss by thomuclves. Buch s course would un- doubtedly do the work for tho wenk insti tutions, which aro growing weaker dai- ly by a stondy ' drain of ourrency, and by the tendonoy of customers to trunsfer thoir patronage to institutions thoy aro suro of. Iiis furthor doubtful if porsons having dealinge with tho banks will submit much longor to o palpablo violation of tho law undor ‘which they were organizod, Tho limit of for- boarance ia boing rapidly appronched. The offi cors of the sound institutiona say that thoy are disguated at tho situation, and ashamed of Bt. Louis, which is one of the wealthiost cities in the country, and hos always bonsted of its safe and congervative modo of doing busincss. Tho fooling is intonsificd by the fact that this city is now tha only ono in tho West not doing lts bank- ing business on a currency basis, 'ho flouring mills aro running again, but ship- monts of flour aloue aronot cnough to throw tho_balance of exchango in our favor. Other kinds of produce maustmovo. 8t. Louis mer- chants” aro mortified to loarn that Chicago is sonding grain East in about the usual amounts, ‘Chey know porfectly woll thatif this stato of things contlutcs much longor millions of bushols will sock yonr nctive city instoad of waiting for the movemonts of slow 8t. Louis, Curroncy and Lastern excnange aro bocoming more ob- Joots of speoulation. Some banks of Bt Louia aro evon sonding currency to cl.\icnga to procure oxchange for thoir customors. ~The continued suspension of the banks is morely A MATTER OF ACCOMMODATION to ‘mflm 8 a dozon woek institutions, some of which will have to succumb in any event boforo many wooks have passod. Tho rensops of thoir woakness ors various. Most of them have paid intorosts on doposits during tho season whon thoir funds wore loast in use; others have had too largo a country business ; all of them have o hand too largo an amount of unoertain pa- por; s fow havo spoculated in couuty, bridge, aud tunnel liabilities, DANKS THAT ARE ADLE TO RESUME. Tho ligt of the banks that are thought ablo to rosume curroucy paymont at any momout is as follows ‘Bank of Commerce, Tutchers' and Drovars’, Commoreial, Bank of 8t. Loufs, Exchange Bank of 8t, Louls, First Natloual Bank, Third National Bank, Yourth National Bank, Qormon National Bank, Iron Mountain National Bank, Lucas' Bank Mochanice’ Bank, Merchanta' National, National Dank of Miasouri, Continental, 8, Louts National, aud the following savings banks : Boatmen’s, Bt, Lone is, Oltizons’, German, Guardian, Hibernis, Mullenphy, ‘I'mvldcul, Tical Eutafo, State Saviugs, and Union Sav~ ngs. A fow moro might perhaps bo added to each list, If a now Cloaring-fIouse is formed, it will includo most of these. A RUMOR OF PATLURES, Itis privatoly reportod that sovoral banks ‘whoso names havo oot boon made public have failed to meot thoir balances at the Clearing- House, and havo only boen able to go on b the courtaal of other banking institutions, whicl accopted thoir individual Nabilitios. Tho 8t Louwis nowspapers liave troated the banks with groat consideration, but, iu their offorts to pro- yent a panic, hayve bean a littlo too indulgent for the gonoral fiuud of the community, Vigorous spoaking and writing aro wanted. —_— BOSTON. Special Dispatch to T'he Chicago Tridune, BosroN, Oct. 14.—Tho condition of tho money markot slowly tmproves. Curronoy, howover, continuos searco, owing in groat part to tho difl- culty of making colloctions and of tranamitting thom whon made. During the prosent week, but little alleviation is to be oxpocted, except such »8 may como from tho outsido. Tho banks, be- gido Jm regular domand from customers, and tho ordinnry drafts from miscollaneous sonrcos, have to provide for the pay-rolls of soveral large manufactorios which will of courso make a con- giderablo strain upon their availablo resources, Aftor those ]nrfiu calls aro out of tho way, it is hoped that the lano will be turned. In the out- aido market rates still rule from12to 18 por cont, THE BANK RETORN this week scoms to bo n favorablo statoment not anl{n mgi(nrda tho resourcos, but tho stretgth tho banks, Thoro i8 an incroase of deposits 10 tho nmount of $166,000, incronso of amounts duo to other banks of 479,300, ‘Tl yesorvo was incrensed by $244,600 in specie, and $694,900 in legal tenders. The bank loan shows an incronse of $859,800, and the amounts duo from other banks have docreased 2661,400, The circulation bas incroased $118,100. it T ‘WASHINGTON. Special Dispateh to The Chicago Tribune, THE UNITED STATES TREABURY, Wasmnatoy, D. O, Oot, 18.—The condition of tho United Htates ‘Lressury indicatos that pinco tho 18t of October oach of tho balances Llias increaned from one-quarter to one-half a wmllion dollars, A little moro than §3,600,000 have thus far boen drawn from the lopal teudor rosorves, 500,000 of which was Jmhl out yos- torday, ~Only a fraction over $125,000 were ‘col- lected from intornal revenuo sources to-day, which, with ono excoption, is the smullest colleg- tion on any day for soversl months, s i 8T, JOSEPH, MO, Special Dipateh to The Chicago Tribune, 81, Josgri, Mo, Oct, 14,—The finanoisl foole g hore still improves, The stook busincss mainly suffors, ‘Lhe distress among oattle drov- ars in 'very groat, s SAN FRANOISCO, BAN Fnavowsco, Oct, 14,—There {s nothing new of a financial or commerclal chavactor, Tho cloction to-morrow I8 the sbsorbing toplo in Ausiuosy cirelos, Logal-tonders are quoted at | 93¢ buying, 93} solling, Tho Britlah shi Weathormiot elsared yestordsy for Engiand with 84 contals wheat, valued at $70,000, Othor voesols depart to-morrow, heavity londed with wheat and barley, for England, There will be o Leavy oxportation in a short time, —_——— . PITTSBURGH, Spseial Digpateh to The Chicago Tribune, Prrrsnunan, Oot. 14.—Tho searcity of ourron- oy is still soveraly folt hore, thoogh all eoxcite- mont i8 over and very Jittlo iu enid of the finan- oisl sitnation by business-mon. The Lawronce Bavings Bank, which suspondod on tho 24th of Iast month, rosumed yestorday, aud to-day wag fully ablo to meot all demands mado upon it. THE DOADY FAILURE, Tho Seourity Trust Company will resumo in a woek or two, with an entiro now capital of $200,- 000, Tho mtock which James ‘I Brady hold in tho bank, §182,000, bas all beon given up by bim, ‘o has sottied his indebtodnoss with tho bank by six, twelvo, cighteon, twonty- four, and thirty months' notes, filvlng ag 80- curity Tonnessoo lands and Northorn Centrul Railroad of Ohio bonds, The land he placed nt. 810 por acre, and the bonds at 70 cents ; and in tho samo mannor ho eottlod with all his crod- itors. 1o is now in Now York, whore he hng §ono into the vrokerago business in Wall stroot. . T. Brady, o short timo beforo his fatluro, turned ovor considerablo renl ostato to his mother, Including Lis dwolling and furnituro, ;nd placed an annuity of $1,600 per year upon or. COTTON MILLS OLOSED, All tho cotton-shooting mills of Allegheny closod to-day, throwiug out of employmont somo 1,600 hands, ' Thoy oxjiect to rosumio in about two wacks, Thu&/ oy that necessary ropnica to their machinery domand the stop) ngfl, ut this question naturally ocours : Why do they ail need ropalring at tho snmo timo ? plemstsia 5 CLEVELAND, Epecial Dispatch to The Chicago Tridune. OLE VELAND, O., Oct. 14.—Tho monetary situs~ ton s graduslly i mproving. Tho banks aro all making full payments in currency and all ghip- ping currency to Now York. Tho demand for diaco unts is heavier than n woek ago, and de- posita aro gradually increasing, It is officially stated that the report that Lake Shoro paper Las goue to protost originated in tho fact that, during tho Loiglt of tho panic in Now York, n noto ~of ovor $100,000, givon by tho Lake Shoro Company to tho Oloveland Roll- ing Mill Company, was hold for paymont soveral days aftor maturity. Tho noto_was aid, and all othor ongagoments of the Lako horo Ccmynuy have sinco beou promptly mot. A good deal of surpriso was manifested hore to- day at the falling off of Vanderbilt stocks, ‘which is nu[,)}mun to result partly from_tho mecting of Lake Blioro Directors in New York on Monday. - — BANK SUSPENSION AT DANVILLE, ILL. Special Dispateh to The Chicago Tribune, DaxviLLg, Iil, Oct. 14.—Tho Exchange Banlk of John O. Bhort & Co., failing to obtain the ox- tonsion of six, nine, and twelvo montha Intoly askod for, decided to-day to mako a goneral as- aignment. Their liabilities to dopositors sud others aro stated at $350,000, and thoir assots ot 8800,000. Richard T. Lovorich, a woalthy rotired merchant of this city, is Assignoo, P i, LOUISVILLE, LovisyILLE, Ky., Oct. 14,—Manufacturers are dincharging hauds to oconsiderablo_extont. ‘Thero ismuch complaint smongst the Nashvillo Tailroad emploges, as they havo not bosn paid oft for A\;gnn and Soptembor. Tha onginoera on tho road throaten o strike if not paid to-mor- row. The Ohio Falls Car Company has susponded operations nntil sottlameut cau Le made with the railroad companies for o large smount of work dono by thom. T'he rolling-mills horo hava resumed ogunflona, aftor » temporary suspou- sion of work, . The suspanded bankas are all paying currency, and doing business much as usual, — ABROAD, New Yoxnm, Oct. 14.—The Directors of the Bank of England raitcd thie rate of discount thig morning from 5 £o G per cont, Tho rato of discount in opon market for 3 months' bills is tho samo as the Bank of Eng- land rato. TLoNDoN, Oct. 14.—Two hundred and ninety- five thoueand pounds sterling, in bullion, was uhll?ud for Now York to-day. Sixty-two thou- 8An; &mumlu. withdrawn from the Bank of Eng- land, 18 nearly all for America, Lonpox, Oct, 14.—Thoe bank rate was ad- vancod_to-day, in consequence of hoavy ordera for gold for the United Statos, amounting in the aggrogate to $3,000,000, RAILROAD, NEWS. Election of Directors of the St, Joscph & Denver Kailroad. Special Dispatch to The Chicago Tribune, Br, Joserm, Mo., Oct. 13.—To-dey was the timo appolutod for the olection of & _new Board ot Directors for tho 8t. Josufh & Denver City Railrosd. The stockholders met in Elwood, Kan., opposite the City of 8t. Joseph. The meetin, was organized by the cloction of George W. Hall a8 Chairman, and E, 1I. Saville as Secretary, upon_the motion of Joiin Bovoranco, Mayor of the City of Bt. Josoph, Mo., who was tho ropro- sontative of the £500,000 of city stock in said Company. A Committoo on Credentials was appointed. The Committeo was John Severance, John Doni- llmn’ ond Willism Pratch. Tho Becrotary of hie Committeo, E. H. Savillo, thon prosented to tho Committco a list of the stockholders as ap- ;om on the books of said Company on Sopt. , 1873, with tho amounta ownod by each, Tho {ist shotva $4,000,000 of stock in sald Company to haye been issued. John Doniphan and William Pratch made a ‘majority report that thoro was abont $3,400,000 of stock in the Company roprasonted in tha mooting entitlod to vote. John Beverance made & minority report, which was that thero was abont $600,000 of bona fide stock represontod which slouo was entitled to vote ; that the othor protended stook was issucd without consideration, if it was issued at all that euoh flctitious stock should not bo allowe to vote; and ho, on bohalf of the City of Bt Joseply, which was tho Inrgest stockholdor, and ownad & majority of tho stock proporly’ and logally lssuod, protested against tho voting of sny other atock ropresonted in eaid mooting, except tho stock of tha City of St. Josoph, Mo., and the County of Brown, Kansas., Tho minor- ity roport wag rojected, Tho majority roport waK u:cnytall. The stock alluded to by tho majority report, Deing Iargoly in the majority, was voted for tha resont direotory, who voro elected, as follows : \Villiam Bond, Joso F, Navarro, George T For- rost, Lawronco Wolls, Henry A. Johnkon, ‘fhomas N, 8mith, Honry I, Butterworth, Honry 0. Tanpor, Robert W. Donnell, New York ; Ed- ward W, Mealy, Hnfifmtown, Md. ; Dudly W. Steocle, 8t. Joseph, Mo.; Edward N, rrill, Hinwatha, Kansas ; John Saxon, Fairbu: ob, Upon motion to ratify tho acts of tho xd ot Directors, making o sccond mortgagoca tha oantorn division 0f tho rond, the resolntion wu carried. John Boveranco, on bohalf of the city, voted no. The meoting then adjourned. Appointed to Examine the Wisconsin Central Rallway, Special_Dispateh to The Chicago Tridune, Fony pu Lao, Wis., Oct, 14, —Sonator Ilowe, of this clty, has rocolved an appointment frow this city us Commissionor to oxamine and report “ch the condition of twonty milos of come plotod rond oun the northern end of the Wiscou- siu Contral Railway. e FIREMEN IN BUFFALO. Spectal Dispatoh to The Chicayo Tribune, Burraro, Oot, 14.—The Noptuno Hose Com- ?any of this oity to-night recoivod tho Oswall {ose Company, one of tha Weat Troy com- panios. 'The “wholo of tho Yire Dopartment wrned out in torehlight parade, Tho city id Dbrillisnely Mumlinatod, aud over 60,000 pnlnudu aro on Main streot, ‘Fho banquet at the it House in the evon'ng was the moat onthusiaatia publie rocoption givon hero in five yoars. HARD UP. LouisviLLy, Oct. 14.—Nod Buntline's troupe was vedueed Lo a moneyloss condition hero, il aro about_disbanding.” ‘Thoy triod to Durru'h money in Now York, but, 1t is suid, failed to 4. #0, ‘U'ho mombors of tho tronpe are wande about the vty in & deleeted munnor