Chicago Daily Tribune Newspaper, October 17, 1873, Page 1

The Chicangn BDaily Tribune, VOLUME 27. CHICAGO, TFRIDAY, OCTOBER 17, 1873 NUMBER 67. GIFT CONCERT. FE SIORIERT RoUTE 10 FORTUNE, $100,000 for only $2.60. YHE LARGEST RETY, THE SMAL A GRAND GIOT CORCERT WILL BI HELD AT LEAVENWORTH, ILANSAS, Docomber Iist, 1878, FOR TIE BENEFIT OF A JUVENILE REFORM SOHOOL. 40,000 Gifts, BA50,000 in Prizes, | Principal Prize,$100,000 fonuiatiog of tho superh palatial, restdoca of Bimon Uulot, Eng.. apeuipnssod ag & privato dwcliing in the nited Btatos, boing only a fow blocks from tho Court. ose, surroinded by magnifieent grounds, orchards, acdotis, and vineyard, ‘'ho bullding has' boen only + vecently’complated with all modern improromonts, PRIZE LIST. lzl’!‘:x"‘l?z‘fn Lcul Batato, ~ » . 8150,125 % plzcy & = s i o h b . a0 4 O 1,000 Prizes = - - - !%50.?00 o title to tha abovo roal astnta ls guaranioed poefeat. 'na liberal torms of this schemo Lrings it within tha ¥ench of all—tho greatest opportunlty avor offored to tho Poar man 10 riso to wealth. > PRICE OF TICKETS. Bingle Tiokots, $2.60; Hloven Tickats, 25.00 ; Fifty-six Tickets, $125.00: One undred and Fifteen Tickets, $2560.00. "Tlay drawing willbo mado undor the superintandence of 3 comiittco appoluted by tho highost officials in tho Btate, duly sworn 1o the faithful porformancoof the du- ties asvignod them, ‘The highont ofticials both of City, County, and State have notonly {ndorrod Mr, Abolos, 'but, slso bix shomo. 6 domand for tickets {a unyaraliolad, and ail dosiring to partisionta lo the drawing should a¢onse form " tholr o sond in thetr orders. AGENTS WANTED in all Staten, Cltlcs, and ‘Towus in the Unilted States nnd Canodas. £7Sloney should bosent b Teghtorad Lotior, . 0. D, ¥k Orees wilf ol adfos o th puobaset 2l writing, : 'ifvery packazd of 11 tickots bas & chanco to win'1L piizos, Bt pofitively coriatn to rin ong, wiile ono por; Eou outof ovory ton Whopurahase s packaga of 11 is bound to_win two prizos. "For furtber faformationand pactioulars, sond far clrou- lars 1o the Mauagor and Propriotor, and. sddross SIMON ABELES, Leavenworth, Kan., ©Or oall at 161 Kast Madison-st., Chlcago. Grandest Scheme EverKnown, Towth Geand Gt Couet FOR THE BENEFIT OF THE PUBLIC LIBRARY OF KENTUCKY. 12,000 Cash Gifts, $1,500,000. B250,000 for BSO. Tho Fourth Grand Glft Conoort, authorized by pootal Aot of tho Legi+laturo for tho Deaofl of (ha Publio Libra: ot onoicky, il ek piaco i Publio Lbrary 1all, 3 ‘Wednesday, December 3, 1873. Only sty thousand tiokets will be sold. Tha tickets B b Borttors sk il B o randost musical dis: f o mus plny wvor witnossed n thia Doutes, the Uaprocodoated “"$1,500,000, Divided into 13,000 cazh glfts, will bo distributod by lot Bmoug tho tiokot-holdors. LIST OF GIFTS. ONE GRAND CASII GIFT. .§250,000 ONE GRAND OASH GIFT. ONE GRAND CASH GIFT. ONE GRAND CASH GIFT. ONE GRRAND CASH GIFT, 10 Cash Gifts, $10,000 each. 80 Cush Glfis, 5,000 each. 50 Cash Gifts, 80 Cnsh Gilts, 500 ench. 100 Cash Gitts, 400 ench 1560 Cash Glft 300 ench. 250 Cnsh Gifts, 200 ench, 8¢ 325 Cnab Giftu, 11,000 Cush Gifta, Total, 12,000 Gifts, ALL CASII, amounting to... e+. 81,600,000 Tho distfbuttun il bo psiive, whethe al tho tickots solid or mor, X H £5tho tickots tod. 0 © s PRICE OF TICKETS, ‘Wholo Tiokets, #00.00; Halrcs, 835.00; Tanthe, or each gonpon, €600 laven Whole ok for Lot for 81, 000.0; 113 Whol Tiokots for 85,000.00; 234 .. No discount on lass than o1 “THokots at timo. lokots now rondy for #alo, aud all ordors socompanied by tho menoy proinptly filled. Liboral torms given to ose who buy t5 soll again. TI10S. I, BRAMLETTE, Agont Pabl, Libr, Ky, and Stanagor Gift Concorty QFTHOS, 11, WATS), 68 roadway Naw Sork. We hava 1o eonts (n'Chicago, and all commun! must by addressed to the hama affica at Lanisville, REAL ESTATE. FOR BALE VERY CHEAP! THE BEST INVESTMENT! No Fluotustions! Alwaya T oI oF e Goantey it ade by Boe aAFanno o e Tt ' NOW IS TEHS TIME. Milllons of aoros of the finest lands on the Continent, in torn Nebri now for sale—niany of t . SRR ML T L RTINS $ive and Ten Years' Credit Given, with Interestat 6 per cent, The Land Graut Bonds of the Company takon at par for tapds, oy can nuw bo purchsed at » Iarge ditcount, B4 Tull pacticalars kiven, now Guido with now Maps mailod troe by addrosslng . . DAVIS, Land Commisstonor U P, R. R.. Omatia, Feb. HOTELS. RVING HOUSE, 148 & 160 Wabash-av., Chioago. First-Class Accommodations for 150 Grests, Terms, $2.00 per Day, OZAEE e St S einga nonr Liliuols Gontaal, . N, WEST. 0Lkt ey ot ihe Ol s iSiet and Richimoad Houso, TVINTER RESORT. ROYAL VICTORIA HOTEHL, Naewan, N. P., Hah , opans for the wintor season Nov.d, "Tor full {nfurmstion, sddross J. LIDGERWOOD, Auent, VN, 5 weat, 878 Lroadway, N Yo/ * 0 ono i proprintor. REMOVAL. REMOVAL. SCOTT & OVINGTON BROS, Havo removed o thelr New and Elogaat Storo, . No. 122 STATE-ST. Will bo happy to ses our uld Wost Slde frionds many othora wiiaa ih lon, d $300,000. Oapital Prize, $50,000, Missouri State Lottery. Gruud Blngle Nusbor Schome. Diay llmXuthu! every month, 5,8% Prizes, amount- Ing Lo 000,000, « Whale tiokats, 810} 11 2 itatat o ol BILLARE O nel e o OVERCOATS. “0AK HALL," BOSTON. Wo respeotfully call the attention of the traido and pub- Ho throughiout the United States to tho sxcellont stook and unrivated sesortment of ULSTER OVERCOATS now rendy for examination and sale st OAK HALL, BOSTON. Bolug tho original introducers of this garment to tho Amorican market, wo alafm pooullar factlittes for fur- nlshing tho DEaT, both of forelgn aud domostia make. Those wo offer this season contaln’ the Tatest improve- ‘monts madodn Kurope up to date of Beptomber, and our arrangomonts aro complato for recolving & regular month. 1y supply throughoutthe season from tho best bousos in Ireland and Eagland. The priocs for the season will be fixed at $30, $40 & $45, with rogular discount to the trado throughont tho coun: try. Insending ordors for thesaCoats, the only monsures nocessary aro Aelght of the person and size round the dreast, Disoot lotters to the ULSTER DEPARTAENT of OAK TALY4y BOSTON. G. W. SIMMONS & SON, 32, 34, 36, 38 North-st. COAL. WILKESBARRECOAL Finest Quality of Anth. Coal in the Market. ALL SIZES DELIVERED 70 CITY COSTOMERS At $10 per Ton. Liberal Discount Made to Country Dealers on Cash Orders. BRIAR HILL, BLOSS, MED- WAY, WILMINGTON, And other variotios of SOFT COALS always on BLAKE, WHITEHOUSE & C0., OFFICE—19 CHAMBER OF COMMERGE. Docks--Indiana-st. HflflE, TWBH[!-SCCUW-H. BflflE. FINANCIAL. Hil Barclay Voorlies & ERS, 80 WASHINGTON-ST., Solicit the Deposit Accounts of Merchants, Bankers, and others, and offer the most liberal induce- ments consistent with sound bank- ing. Poy Interest.on Time Deposits, Make transfers of money by tole- graph on New York and Boston. Preston, Kean & Co, BANKERS, QUTII SIDT, WEST SIDE. 15708 T80 T2 uat. | Cor, Rendoimn & Hartsdata, ‘We receive the accounts of Merchants, Bankers, and others. Our Sonth Side Bank will remoro to 100 Washington-at. 5 500n a8 bullding is complsted, PAPER HANGINGS, &o. HILGER, JENKINS & FAXON, 107 STATE-ST. PAPER HANGINGS, ~ BEDDING, WINDOW SHADES, GOLD PENS PENCIL CASES, ° The Largest and Hand, o g LSRR o e ol CULVER, PAGE, HOYNE & CO.5, 118 & 120 Monroe-st, J. M. W. JONES, ‘Wholesale, Rotall, and Manufacturlag STATIONER, 104 & 106 Madison-st, My faellities for the manufacture of Blank Books and ‘executing Hallroad and Commoreial Printing are unsuc~ Rasodl. Oash aountry biiyors will Sad it ta thels intorost Lo oall qn me bofare purchias| FORNITURE, W aro naw prapared ta show our fricnds and the pub- o 8 Uuninly Tava aud complatesioskcof rick and se- um FPURNITUR X, And Inlald aud gilt fanoy govds, We would partioularly Luvito the toutlon of buyors fo our exiravrdiaary low prices. GEORGE GILBERT, SUQORESOR TO BAMPSON, GILBERT & CO,, LG & LD Wabash-oy, — umuney, [UUUTSUITIIIR e ITH 0 [ ' Mll]mery pening . MRS, WILD, haviog removed to nior N Linvo lior regular oponing ou Friday an solicits an fspootinn of hor olegant de sssortmont of tho riokost Noveltius of 198 NORTH OLARK-ST. Btors, will turday, and artil Ghioloy THE CRISIS. A Day of Fluctuations in Wall Street. An Unhealthy Buoyancy on the Stock-Ex- change. Gold Drops to 107 5-8--The Lowest Point Simee the War, Sudden Rise of Vanderbilt's _ Specialties. Vanderbilt Preparing- for a Heavy Bull Campaign. The Now York Central Dividond Comploted, Even to the Payment of Vandorhilt, ’ Disoussion on the Resumption of Greenback Payments, Action of the Treasury Depariment on Redistribution of Currency, Great Demand for Curf-ency in Boston, % Antfoipated Stoppage of the Philadel- phia Carpet-Faotories, NEW YORK, Special Dispatch to The Chicago Tribune, A FEELING OF DISTRUST, New Yorg, Oct. 16.—At the opening of busi- ness in the Btock Exchange, this morning, it seomed for s brief period as if tho financin) buoyancy which oxhibitod itself yosterday, sud which had, in a large measure, restored waning confidonce, was again to bo usurped by dopres. elon and uncertainty. Prices declined from 3¢ o 2 per cont, and, of course, confidence lessoned s pricos fell. Boon, lowever, & buoyancy as marked ag Ltho deprossion succeeded under the skiliful manipulation of the bulla. Prices con tinued to advanco until the smaller oporators entered the speculative arens, and thon there was goneral rush of purchasers. No failures were angounced, and this tended greatly to pro- mote confidence, i THE ADVANCE' ranged from 1 to 53¢ por cent, and was woll dis- tributed throughout the list. As usual, tho largost traneactions were in Wostorn Union, Lako Bhore, and New York Central. The first- named opened at G4@543g, fell off to b33, ad- vanced to 6634, roncted to 653, and aftorwards reached 685, Lako Blioro roso from 66 to 68Y, foll off -to G7}4, and finally roached 70. Now York Cenl rauged Dbetwoen 863 and 8935, with Iatest eales at menrly the highosat point. Northwostern common advanced ' from 30 to 4054 ; 8t Paul common from 28 to 3134 ; and Wabash from 983 to 413¢. Invost- ment sharos wore firmor and oxpross shares mede an advanco over yesterday's quotations. CAUSE OF THE WEAKNESS. Tho weakucss in prices oarly in ihe day was attributed to tho fact that tho Grinnell injunc- tion having beon diksolved by Judge Blatchford, those who held Western %ninu. Lake Bhoro, Now York Contral, and other stocks for sccount of Grinnell and havo failed to close thom out under tho rule the day after dissolution, bad done eo this morning. Whether all concornod have closed out their contracts could ot ¢ -bo dofinitely lenrnod, but at Exchango the following salos took place undor the rule, on account of Grin- nell & Co., by order of Philip Woyer & Co., Scott, Btrong & Co., Olcott & Co., and Woer- schoffer & Co.: 8,000 shares. Unlon Pacific 3 8,000 shares Lnko Shore ; 800 shares New York Contral ; 200 shares Rock Tsland ; 200 sharos Northwestern, and 180 sharos Pacific Mail. Con- siderable coufusion oxlsts concorning THE DANKRUPTOY PROCEEDINGS in this case. The first injunction hav- ivg been dissolved, Grinnell & Co, to-day bopan now and voluntary prococdings in bankruptey, and the usual notices were issuod to that effoct. By nomo, this was thought snather form of in- junction and reatrained sale of their stock turned or hypotheoated with other doalers, and to this ‘was attributed tho withholdivg of the largo bulk of .the stock from the market. It was insistod that eales uoder the rulo were made by secret arrangement with Grioneil & Co. and many who had not soen tho notice sorved on the creditora belioved that the salos were mado in violation of law ; but members of the firm as- sertod that all this was false, and that all busi- ness had beon transacted inan open-handed way, and that the course they had talken was their ouly resort. ‘Ihe liabilitios of the firm are, as shown in the bankruptoy notice, ng follows: Duo to creditors of Georgo Bird Grinnoll snd Joseph O. Willisms as copartners in the firm of Goorge Bird Grinnell & Co., $5,727,670.84 ; due to oreditors of George Bird Grinnell & Co., £4,148,201.84; due to oreditors of George Bird Grianell individually, $711.00 ; total, $9,876,401.18. The continuation of tho prompt payment of the New York Contral divi- dond was also looked upon as a sign of brightor times, Inquiry at the office of the bankers olic- ited the infurmation that Commodore Vander bilt had drawn sll the dividend he was ontitled to upon bis stocks. GoLD, ‘The downward course of gold has caused even more intorest than usual to be taken in it. It n&unnd ut 10834, foll to 1073¢, and closed at 108, The latter figuro is tholowost that it hay reached since 1862, The docline is attributed to the ab- #once of any vory largo short interest ; the near approach of the paymonts of November intorest on Unitod Btates bonds, together with the con- stant flow this way of foreign specie. . THE MONEY MARKET. The condition of the mouey market was a matter of great surprise, Early in tho day it was tringent at X Enr cent and intoreat, but toward tho closo of businoa 1t_was offered at 7 per cont per annuw, and after 8 p, m. at 8 per cont por annum, Tho Intter figure was so ro- markable that it was supposed to be another foature of tho naw path speculation is now fol- lowing, PLODUOE. Thore was no noticeable change in the flour markel, The whoat markoet oponed firm for Milweukos and tame for Chicago; the former in fair domaud, to complato curgoos. Tho mar- kot closed lower snd flat, The decline in ox- chinnge and gold, and liboral offerings, gavo buy- ery further advantago, Businoss in freights was transacted at essentinlly unchawged rutos, sud demand about the sane s yeutorday. VIEWH ON THE PANIO, A leading ofticer of tho Rock Isiand & Chioago Railway suid to-day to the Tribune reporlor that the panio was monding, and in s sudstantial way. People, ho said, are now buying shared for investinont, not for spoculntion, %luce the 92d of Koptemler, 72,682 sharcs of Rock Island Lave boen trausforrod on tho books, montly by peoplo for Investinont, wnd 1 doubk not ovory dividond-paving road finds {ls shares golng in the vnme proportion. Roady that aro tlaished and carning monoy will be immonsoly henufited by tho flurry, “for a grear smount of thoir stook will bo taken outirely, and forovor out of tho speculative pool of Wall streot, I do not belioyo that any of tho stock tranaforred on the books will show itsolf in market n;{uln undor a riso of 16 por cont, and & groat doal of it will never como out of private vaults at all, oxcopt to claim dividonds. Tho leflo who como {n now to have shares trans- orred aro new pooplo, Thoy are not tho rogu- lars of tho stroet, but are mostly small purchas. ors, and many of thom aro Indioa. Tiwo thou- sand, soven hundred and seventy-flve shares bLave bosu transforrod in smoll”lots to-dny. Tha same mdy of coures bo snid of afl dividonde paying rofids; The Now York Contral i8 tiirning over a groat deal of its stock to investors who Py at depreciatod rates and aro glad . to 0ld on for dividenda, Interviows with a large numbor of prominent bankers, brokers, and other operators clioit tha fact that {t is gonarally bolioved that tho recont trobles will certaluly Lnve a hoalthy efect, Money is comihg fn from the country, and gold is lowor than at any provious perlod sinco the boginning of the war, (20 the Assoctated Press.) NEw Yomg, Oct. 10.—Tho payment of the soml-annuel dividond of tho New York Contral Ruilroad was rosumed this morning. Bomo of ths nowspapers intimato that Commodore Van- devbilt did not present tho sorip for hin divi- donds. *_Inquiry, however; revenled the fact that o has drawn tho full smount due BOLD OUT UNDER THE RULE, At tho Stock Txohango ta-day Tl Spogor & Co., Woerrischoffer & Co. Scott, Btrong & Co., and Alcott & Co. Lind stooka kold out undor the rulo for account of Grinnoll & Oo., 18 followa: 8,000 shares Union Pacifio at 18J¢@10; 8,700 Lalo Shore at 06{;@67}%- 800 Now York Con- tual at 8937 : 100 Pacifia Mail ot 825¢'; 200 Rook Ieiand at 835¢ ; and 200 Northwestorn at 8834, BISE IN VANDERBILT BTOCLS, In oxplanation of tho sudden rise in Vander- bilt stocks a number of rumors aro afloat, among them ono of an alloged anle of 810,000,~ 000 Vanderhilt specialtios to Gorman bankers, tho procoeds of which are to boused by the Commodoro in J:romnling o vigorous bull cam- nign, Itisemd the Commodore has bought ufi!ly to-day. The Post eays the day has boen one of UNHEALTHY DUOYANCY at the Btook Exchiango, and considers the devel- opmeat of bull speculations at presont as unfor- tunate, Bomo prominont brokois beliove the Erun?‘nt strongth 18 only the preludo to another reak, A NEWBTATER OPINION. The Fxpress says: 'The question of the banks rosuming greenhack payments is now bolng ac- tively disoussed in financial circlos, ospecislly an it bas an impartaot boaring epon tho gonoral piluntlon.‘ t\Vhll‘lls the Nm‘r York bonks are in o stato of suspenslon, the 1 in the mtelor Bave 'a good” bz cuse for ~ mot poying their dobts to tho Atlantio citics, and consaquontly colloc- tlons are much slower than they would othorwiso be. In difforent parts of tho couatry tho Natiou- ol Banks aco_gradually rosuming ourroncy pay- ments, and this business would make still great- er hoadway it the banks of New York and Paila- dolphia should rosume, " Tho Philadelphia bauks have about £8,000,000 of their reserve in this city, aud they cannot resume until our own banks do. It doos not follow tuat this money would be withdnawn from Now York in case of resumption here, but, on the contrary, it would probably romam, ss the Philadelphia bauke would ot draw it aa soon s it becamo apparent that they could got it. Tesumption Ly New York banks is an important step in the reatora- tion of confidonce, and this can only be accom- plished by giving up the prosent systom of pooi~ ing groonbacks, whioh has always been an iufnnuce to the “strong banks, ablo "to tako care of themselves, ~Those banks have car- ried mafoly through the rocent panio about & dozen woak banks, and it is but natural that they should dosive resumption, Theso weak banks would, no doubt, be called upon to liquidate hrfoly in consequenco of the withdrawal of deposits and cancellation of ac- counts, and possibly somo might *have to be wound'up, but our bauking system would be placed upon a stronger basis, and the moral effect of redomption hero would bo folt favor- ably throughout the country. T doposits of our oity banks now range from 144,000,000 to $150,000,000, and the grooubacks reportod on hand aro from $5,500,000 to $6.000,- 000. Thus it will bo seon that tho percontpge of greonbacks to deposite is_only about 4 peg cont, and, adding tho cit; 000,000, tho percentago of greonbncks_td totnl ligbilitios is loss than the percentage to doposits. ‘I'his is cortainly not a brilliant exhibit, and the only way to improve it is by discusswg the quos- tion and suggesting remedios. Tho moungors of sound and conservative banks are dally refusing deposits of greoubacks, for the reason that the same, or a large portion of them, will bo immediatoly talkon from them by the Clearing-Houso system of *' scaling,” Whoro bauk officials do accept doposits of grosdbacks, thoy gonerally exchaugo tho same for Nationn curroncy, if possibl, at the Sub-Trensury ; and by this moans they aro enabled to keop a class of currenoy on hand that the Clearing-Hougo can- not take away from them. Wo trust that the bank Prosidents will tako sarly meaus to rostore curroncy pnzmeu(n, aud_thereby prevent New York from being bohind all ber sister oitiea in this importaut matter of resumption, . GRAIN BIIPMENTS, Ons of the most extensive grain-doalers in the country said to-day that the exportors woro tak ing overy busliol of grain that thoy could ob- tain. His houso alono s recciving 100,000 bush- els of whoat each day, whioh is immediately sont abroad. He thinks tho Produce Exchango is vir- tually outside of Wall atrect influcnce, and that any diflicultios in the money market, ocoasionad by stock specalations, will not materially affeot tho dealers in produce. The people of Europs want bread, aud they will get ¢ if thay aro com- polled to sond gold Lere for it. He concludnd by, saying that the prospect for a continued brisk trade was very good. GOULD OUSTED, Jay Gould has been removed from the. Presi- doncy of the Now Jersoy Southern Railroad, and A. M. Berrat clected his successor, -Gould is not even in the Directionnow, ¢ ¥ — PHILADELPHIA, g Spectal Dispatch to The Chicago Tridune. PriaveLeuia, Oct, 16,—There was a lighter feoling in the monoy market to-day, though a dieposition to favor commercial men's paper in preforenco to brokors’ was discernable. Quota- tions on call wore 12 to 15 per cent, and discounta on commoercial paper 16 to 25 por cent por an- num, The banks are discounting to a limited oxtont. aoLp opened at 10854, doeclined to 10734, and closed ab 108. e OBEDITORS' MEETING. A meeting of the creditors of Benjamin Bul- lock & Bons was held at their ofiice, South Front atrost, at 7 o'clock to-day, Stephen A, Caldwell, Oaesirman, John O. Ballitt, on bohalf of the firm, statad that, in ordor to protect the inter- ostn of all creditors, an aseignment of all firm and personal property had been made on the 14thinst, to Henry L. Lowis, Esq., of Lowis, Wharton & Co,; that their actual cash assots availablo wore $782,000. The liabilities wore 81,032,000, bosidos some contingont liobilitios ~ that’ aro’ diffionlt to esumoto. Mesgars, Alexander Whilldin, Bhoppon, aud Caleb J. Milne wore appointod & committee of the areditors to act in conjunction with the Assigneo toclose the cetate am spoedily and au advauta- goously as poasible. AIARTIN LANDINNERGER & CO. Immediately aftor the _adjowrnment of the mooting of the oreditors of DBonj, Bulloclc's Boos, n meeting of thoss of Martin Londinberger & Co. was held at the samo loce. Mr. Ernst, on bohnlf of Mr. Laudin- orgor, statod that his assets were $2,600,000, while lis total liabilities wore $1,400,000; that i lnrfie smount of renl cstate in tho city and at Loudenberg was entirely froo from in- onumbrance, and that ho would pay in full, doflar for dollar. ' A committoa of threo, consisling of Mosuars, J. E, Mi.ohell, of tho Meobanics' Bank, Charles Close, and Honry (. Howell, was ap- puinted to verify the statomont, and reprot at ouce to an adjourned meeting, TIE MANUPAOTORIEH, The employos of the Bouthwark Foundry held & meoting yeutorday, and sgreod to rosume work, Hoary Q. Morris offerad to compromiue one-hulf of tha reduction of wages originaily purposed, and advanco the rato to the old standard whon tho losses of tho ostablishment aro made up. - SUSPENBION, 'I'ho suspeusion of Morris has boon annonuced at n meotiug of the Board of Drokers, Liabili- ties unknown, Bpeoulation i rife about the cause of the failure. 2 HTOPPED WORK, ‘The waolen factory of Rosonthal & Bhnster; corunor of Berky aud’ Loward streots, hos suts "bo encounterod bank circulation of 928, fiended, 1t n undoratood that others will soon cosdo operationd: i THHE GARPET MANUFACTORIES. Thoro aro about 400 darpat factorics in tha Ninctoonth Ward, iis which betwéen 10,000 and 12,000 mon;_womon, and oliildrén are om- rloyed, operatitiy 8,000 afonm and Lthd looms, t thoso pooplo aro liitown” oiit, of employniant the sufforing will bo groat. 3t I éatimated that about 700 carpet weavors aro idls, dird tlio manu- facturors stato that thelr works aro kept in' oBarntlon moro to koop tho oporatives out of tho stroots than anything olse. All conour in complaints of inability to mako colloctions and foara of inimadiato suspousion, James Dittio, Fmpr(otur of the Nonparotl Carpot Works, statos hat thero is a ynst &mount of anar ciroulating i the trade which it {8 difffoult to got discount- ed; and this to a groat dogrog inipairs trade. Ho oxpronson (1o opiion that ¢ tho munfactnrors are abla to get throuph with thoir obligatlons this'month, thoy may be safg, bué tho indioations are that many will bo hopelessly crippled. el St ‘WASHINGTON. Special Dispatch to The Chicano Tridune, REDISTRIBUTION OF THMN OURRENCY, ‘Wasnixoroy, Oct, 10.~Tho net of July 12, 1870, nuthorizing tho lasuo $¢ 854,000,000 addi- tlonal ciroulation, to National Bauks; aleo pro: vidod for the withdrawal of &25,000,000 from bauld in Btates having an oxcess of circulation, Buit it dirocted that no circulation shall bo with- drawn until attor tho $54,000,000 shall havo boen takon up: All of tho latter amount has beon subseribed for, and only about £9,000,000 are yot to bo taken up. Neurly fwo mionths ago & motice was' sent from the Gurrotioy Buronu to banke that had subsoribed for additional curroncy, Informing them that unless thoy took that currency within thirty days it would be glven to others among the numerons applicants, This hada good offcct in somo iustances, but » number of tho banks bogged for more time, whoroupon thirty days mare was grantedto thom, ThaIntter period of Lime will ox- pire on the 18thost,, when every dollar of thore- Inaining 29,000,050 sughtto bo disteibuted to the subscribors, or othor banka that want it. Thero appears, howover, to bn littls of no disposition on ‘the part of the authorities heré to hurry matters in this msim.t. It is eoid the aot i3 notj mandatory, but loi to tho judgs ment of the Bocretary of tho Treasury the ques- tion when_ tho witbdrawal and redistribution of tho $25,000,000 {s tequirad, While the Traseury nuthoritios aro roady to admit that the Westorn snd Southern States may renlly noced additional circulation, it {a understood to Lo the bolief of tho Department that it would bo fmipractidable to withdraw any of the circulation from the Esst« ern States, to eay nothing of the difficul- ties and ntrnupi opposition that would n 8o doing; consoquontly thero will not likely be anything more thand sliow of proparation” to excoute tho rodistribu- tion cluusc of the Iaw alluded to, until an op- portunity shall havo boon given to Congross to altor, amend, or repeal tho section so as to re- liove the dopartment fron its dilomma. NO MARRET FOR COSTLY GOODS, It s roported that costly goods dro being re- shipped to Burope bocauso there is no murket for ‘them in this country, at prosont, Bilks, satins, velvets, lacos, and ribbonare chief among those reshipmonts, No loss -to the co\mtr{ in import duties is occasioned, but owners lose heavily In the cost of freight, insurance snd handling, . —_—— BOSTON, Special Dispatch to The Chicago Tribuns. Bostox, Oct, 16,—Thors has beon an encour- agiog chonge in the coudition of the monoy markot to-day. Borrowoers ate as numerous 88 ovor, and londers aro not in sufficient force to moot tho demand. The principal fonturo of in- terast to-day has boen the sirong demand for Now Youk funds to meot calls for collections. It {6 probablo that thero is a good deal folng thoro by Doston parties, in the purchase of gold, stocks, and other sccurities, and more or less Now York morcantilo paper has beon purchased here, all of which calls for large remittances. Tho bulanco of the Boston banks hold in New York being largely overdrawn, exchnn.fe on that city is vory searco, and rates aro gotling to bo nominal, aud a matter of agcoemont botweon tho partios nogotinting, To-day the premium hoa rangod from §2 to 84, . . ‘The genoral position of the banks is better. Many roport an incrense of deposits and good balances from their corresponding banks in the country, but tho demand keops full paco with the incroase of resourcos as thoy flow in, ‘Tho bank rates for discounts to oustomors is still 7 per cont, and ontsido 156 to 18 ie ebout tho range for the bost paper, though the highor raio is by no monns tho limit in that direction, Tho offoct of tno stringency is seon Dby the report from Fall River. Tho Manufac- turers' Board of Trado of that city havo voted to recommond the suspension of all the mills thore for two dags in each weok, and to run only eight hours a day during the other four daya for the resent, The Groton Mille, Woonsocket, R. 1., avo algo posted a notice that they will run on half-tune, and othor manufacturars in the place aro contempluting the rame course. ———— ST. LOUIS. Special Dispatch to The Chicago Tribune, 87, Lou1s, Oct. 16.—An effort is making, with doubtful show of success, to get up a meoting of tho St. Louls Clearing-House, for the purpose of considering the question of resuming ocur- roncy payment, If it is hold, thoso most active 1n the matter will presont & resolution advising gradual resumption, i, 0, the disbursing every fivo days of a large amount of currency until full curroney pngmnnh is reached. It 18 reported to- night ‘that the tho schomo has fallen through, because of tho opposition of tho stronger banks, thoy desiring to ro- sume immedintely. It s thought by many that when tho banks resume, which ‘event can hardly bo postponod beyond the 1st of Novem- bor, l{lu] will do it quietly, without any action of tho Cloaring-Houso. The Central Savings Bank, whioh haa tho rep- utation of being a sound inetitution, was acci- dentully omitted from the list gent you on Tuos- day night, Iam iuformed by persons officially connectod with tho Moercantile Buuk, and the Second National, also omitted, that those inati- tutions are In s henltny conditlon, and thint both would vote for immodiate resumption it a meat- ing of the Cloaring-House should be held to- morrow. Tho daily papers of the city ara per- sistontly and ably urging resumption. e PAST SAGINAW, MIOH, Spectal Diapatch to The Chicago Tribuna, East SsaiNaw, Mich,, Oct, 106.—A meeting of creditors of 'I. P. Sheldon & Oo., suspended bankers, was hold this even- ing at tho Rocorder's office, at which way submitted & report of the Committeo appointed by s former mesting of croditors to oxamino into and report the condition of the affuirs of the bank, * The meetng was Iargely altendod. Tho Committes report- ed Sheldon & OCo.s labilities at €81,114, as follows: Baving doposits, §6,000; ordinary dopoaits, 86,114. Lo offaet this the Committee roportod Sholdon & Co.'s useots at £82,408, Ac- cording to estimates furnishod by Mr. Shetdon, this is made up as follows : Bllls discounted and bills raceivablo, 46,676 ; due from Howes & Macy, New York, $7,163; real ostato, $26,000. T'hio balanco is made up on oflico furniture, per- sonal property, oto. ‘The Committee had no means of ascertaining the trno value of tha securities held by “tho bank, but de- duct er cont, They also make other reductions for overestimates, amounting, in all, to 980,000, loaving tho actusl assots 62,000 From tho showing made, depositors will recelve not to excood GU conts on the dol- lar. HKANSAS LOSSES, Snecial Dispatch ta the Chicaqo Tribune, TawneNoE, Kan,, Oct. 10.—About £20,000 of tho Btate funds of Kansns wore on_deposit with Gilman, Son & Co,, of New York, who susponded on the 15th inst. —— NEW ORLEANS, New Onreaxs, Oct, 16,—Tho Clearing-House Assooiation to-dny fixed the rata to bo collocted Tor odd exchango npon paper made payablo with exchungo on New York, aud for rouilliaucos,at 4 por cent promiutm, sy ABROAD, . T.onnox,0ct.16.—5 p.au.~Lha bullion in the Bank of England has decroased £1,208,000, Amount gono into hank on bulunco to-day, £316,000, Cousols for woney, 933 ; for uceount, V2@ 9256, Douds—5-208 of 'G5, ox. int., 93¢ ; dv ot '07, 009¢ 3 10-40s, 0337 ; now bs, 907, ox, int. Erle, 401¢. ~ Tallow, 428 8d@42s 6d. T'naxgront, Oct. 16.—8.20= of '62, 00, Pans, Oct. 16.—The spocie in the France has increased during the 1,000,000 francs. TRentes, H7@67}41. Lonpox, Oct. 16.—The stoamor City of Mon- treal, which railed from Liverpool fo-day for Now York, took .£78,000 gold. The stosmor Oconnlc, which also aniled to-day, tool £1,000. plr ank of it weok Provipenor, R. I, Oct. 16.—The Groton Mills will soou bo run on half-tline, and other manu- !ukctubrem aro considering a proposition to that offect. Sl S oy TRANS-MISSOURI IRRIGATION. Sccond Day’s Session of the Convone tion in Donvor--Tonor of the Momo= rinl to Congresse-A National Irrigas tion Contmitice Appointed, special Dispatch to T'he Chicago Tribune, Drnves, Gol, Oct. 10.~-The Trans-Missouri rrigation Convention reaseemiblod bero this morning, and hold thros sewslous, 1iitch Intor- esting discussion took place botween the delo- gotas, Pho report of the Momorial Comimittos wes Wdopted: Tho paper provides that Oongross shall grant; respeatively, to the Terrifories of Now Mox:so; Arizons, Colorado, Wyomiug, Utali, Idaho, Montans, Dakois, and \thlug‘ton. olso to the Btates of Naveds, Orogon, California Nebraska, Kaneas, and Texgy ~comprisiug one- third of tho gfln&lnphluml drow of the United Btatos, or over 1,000,000 squaro miles, which Is moatly arid lands,—one-halt of the arid lands in tholr bordors, the proceeds of which soull be kopt in their respective tronsuries, for tho pur~ E'u“ of conetruating an oxtonsive systom of rigating canals and ditches within their several bordors; The mornorial al4o asks for the revis- ion of the Homerlead and Pre-cmiption laws, so that they will be more equitable fu thair charac- tor aud Jos8 0psu (o the porputration of tho - morous frauds whicl are perpetrutedunder them by roason of false entrios, A committeo termed th Iiational Central Com- mitteo of Irrigation was appointed, composed of the following gentlemen : Gov. S. H. Elbort, of Colorado, Choirman ; Gen. Ainos K, Proudfls, New Moxico j Gov.J. 8, Campbell, Wyomiuag; the Hon; G. D. Barton, Nebrasha; and iBshop A. M. Musuor, of Utalt, 3 At the evéning session, aftor an extended dis- oussion, & rosolution was passed that if Con- as will not entertain the propositions to ren- or tho aid prayod sor, thon it should tako such othor mossuros as ehall placo tho srid lands of tho interior of the Unitod States in such a_con- dition ns to render thom 1 every respect fit for cultivation and habitation. At alate hour the Covention adjourned to !éa‘not again on the 24th of noxt July at Salt Lake lity. Bomo of the dolegates will return to their homos to-mdrrow, whilo others will visit the %om'};ern Colorado Fair, now progressing at ueblo. IMMIGRATION. The Subject Discussed by the irish Convontion in St. Lows. 81. Loums, Oct. 16.~The delegates to the Irish Counvention were driven around the city and through the suburbs this morning, and to all points and_places of interést: The Conyention met soon after 12 o'clock, Beveral amendments to the conatitution were offered, the mout impor- tant of which was ono to establish an Immigra- tion Burenu in New York, with & branch in enchi Stato, the Socrotary of the Union to reside in New York, and suporintend tho business of tho Buresu, Aftor considerable discussion the mat- tor wans voforred to & Committeo on Immigration, which 8 now being appointed. The Convention thls aftornoon went iuto Committeo of tha Whols on THE 1IMMIGRATION QUESTION, and thoro was a very gonoral opiuion expressed in ten-minute speeches. Hogan bolieved tho Dost way to inaugurate the movouteut for tuo benofitof the Irish immigrant wns through fhe Irish Catholio Benovolent Union, and that that Union should deviso o plan of operations which would meet the grestneed. Ho vividly icturad tha condition of the immigrant in Now ‘ork and othor large cities in his struggle for a bare subsistenco, and advocated the establish- ment of a bureau, throngh which the nowly- auived: Irishmen, and, also, those who have buen in the country somo time, could bo lelped to tho oheap 1ands of tho West, upon which thoy could mska a prosporous and happy homo for themuolves, and muintain rank among the best oitizons of tho nation. Mr. Butler, of Kansas, desired that informa. tion regarding tho soll, climate, otc.,of the Wast- orn Stntes should be collectod’ and printed in a pamphlot aud distributed to the Irish in Ireland, and those alveady - here, and menns provided to a8sist them 1n obtaining land and homes of their own, Judge Dwyer, of Dayton, Ohio, proposeda ston sing commltees of five, to whotn all matters touching immigration shall bo referrod, and who thall have full control of matter obtained from all availablo sources in tho Western Biatos, pac- ticularly those through which the groat lines ‘of railroads run,- all information rolating to climate, productions, geueral re- sourocs of the counfry, price of land, ete., sud publish it in an availablo form for distribution. Algo consult tho railroad and occoan steamship companies regarding passeoger and freight rates, make the best terms for transportation, otc. Ha further proposed that immigrants should bo under the charge of the Union during their transit from tho seaboard to the point of destination, and thet the sesl of protoction of the Union should be placed round evor{ person under its chorge, aud any imposition or Ill-treat- ment practiced by any company npon immigraats should be followed by the instant withdrawal of patrouage. Mr. McDonough, of Missourd, said it i{s not Irishmen who most need the aid of this Union, but thoso in the United States who aro living in tho slums of tho great citios ; those who are om- ployed ou railroads, cauuls, public and private works, and who are abused, insulted, degraded, and, in many instances, treated liko dogs by those over them. He favored some plan by.| which the condition of these peoplo could be bottered, and by which they could bo assisted in obtuining iand and placed ‘in o position where they could bocome independent and useful citi- zes, Judge Daly, of 8t, Louis, also piotured the snd condition of large numbers of Irish in cities, and Baid the great nood wag some slnn to provide means by whioh they could be induced to lcave the great contres of the country and adopt agrioultural pursuits. Ho favored the incor- poration under Btate law of Irish socleties in different cities, raising funds by contribution or asscssmont for the purchase of CHEAP LANDS in tho Wost, the building of houses, and pro- viding tho necessary maana to start the family in thelr offorts to miake homoa for themselves. Mr. Haggarty, of Indinus, advocated tho formation of stock companios on a plan similar to bullding associations in diffarant parts of the country, which would furnish monoy for tho purchase of land, building houses, the partial stocking of farms, for which a moderate interest bo charged, the mortgage on the land boing taken for security. OTHER VIEWS, Megsrs, Whitnoy, of Philadelphia; Glonnan and O'Connor, of u}:inhx Kelly, of Massachu- sotts; Hardy, of Fonnsylvania, and soveral viealu of fizinulu nlso exprossed views, but not giflerlng osgontinlly from those given above. About 7 o'clock the Committoe rose, and the Convention adopted & motlon to mulke tho sb- joot the special order for to-morrow, when the Committee on Immigration, appolnted this morn- ing, 18 oxpoctad to roport plans of operations. fi‘ho QOomunltteo on CONBTITUTIONAL AMEXDMENTS made s partial roport, reconuuending some vorbal changer of the Conatitution, and will re- port fully to-morrow, A rosolution was adopted for the Convention to walt on His Grace, Atehbishop Konrick, and Bishiop Ryau, offering them tho homugo of tho Convention, and asking thowr blessing upon the - pracoedings. Couvention adjourned. DEATH OF CLOUD, THE OARSMAN. New Unreans, Oct, 10.—Joseph Corwin Cloud, the chwmpion osrsuian, who sume threo months ago utarted from P'liladelphin on a trisl to row to'the oity by canals and rivors, died on Tuesday int fivo miler above Planquemine, Cloud was found on Monday in his boat, the Jonnis, fu an almost exhausted condition, and died the next dny. 1lis dinry shows that Le had beon suf- fering with what hie torms houvy slikes for four ot dve days beforo his death, THE ELECTIONS. The General Result Still Conflicting. Both Parties Claiming the Gov- ernor in Ohio. Latest Returns Aldlemn. Favoring Democratio Majority of 14 in the Legislature, Senator Thurman’s Elcction Assured. The Result in Iowa Doubtful. The Repsblicans Letting Things Down Easy. They Claim the Governor and the Legislature, IOWA, Spectal Dispatch to ke Chicaao Tribune, Dunuque, Iowa, Oct. 10.—Thore is uo change in the result of tho alection in this county from: that sunounced lust night, The returns fromy threo townships are yot to hear from, but, what- ovor they may be, thoy will not chango the gou- oral result, “Tho mujoritics for candidates on tho Poople's ticket, 8o far as heard from, are: For Cooloy, Bonator, 667; Willinms, for County Troasurer, 941; MoLaughliv, for Auditor, 624 Ooates, for Suporvisor, 1,111, MeLaughlin's competitor for County Auditor on the Demo- cratic ticket was ex-Gov. Hompstead, who bas held tho ofice for soveral vears. The m;}nrlly of Liddy, Democrat, for Sherifl, wa¢ 1,849, Johnston Rogers, and Lotener, Demaocrats, are elected Reprosentatives. The County Supervisors and Coroner aro_ still in doubt, wltfinpmapun of Contillon, Democrat, Dbeing elected, Spectal Disvatch to The Chicano Tribune. CepaR Rarips, Ia,, Oct. 16.—1ull returns with ‘but ono township to hear frowm, give Carpentor 548 majority ngainnt 1,482 two yenrs ngo. Mc- Keol, Opposition, for lluRra«antntivu, lasa ma- }?myo B0%. Tt was thought {estenhy that . itzerborg, Republican, was surcly elected for tite othor reproseutative, but to-day it ig consid- ored vory doubtful. s mejority will nolbe over 40 or 50 at most. Special Disnatch to the Chicago Tribune, MoGnEaon, Is., Oct. 16.—The entire Anti- Moanopoly Hcket i Olsyton County was elected by majority of 400. The Stato tickot received majorty. Rounds sund Schroodor were olected by 400 majority, The rout is complote. The Republicans elected only ons man, the Couuty ‘I'ronsurer, and he voted for” Greeloy. Qain over lsat yoar of 700. Returns (rom other countloy indicate that the Anti-Monopclsts will have o majority m tho lower House of tha Leg- islature. 4 Des Mores, In,, Oct, 16—AHidnight.—Doflnite returns raceived \lgntn thie hour by tne Stale Register of two-thirds of the vota of Btate, indi- auto cloatly that Gov. Oarpontor's majority will bo noarly 21,000 mnjority. In the counties from whick dofinite returns have been received, the roduction in Carpenter’s mojority, as compared with hia vote in 1871, is 13,826. " The Register's diapatches also show that the Republicans have not, a8 was thought yestorday, lost the control of the Houss. Tho House is composed of 100 mombers, Full returns‘givo the names of 38 Republican membera olocted, and of 32 membera olocted on the Indepondent ]'(sgnbhenn aud Anti-Monopaly and Democratio tickets. Thirty coanties are not dofinitely heard frou, ‘but dispatches indicato that two-thirds of thio number will bo Republicaus, making the total Topublican momberahip 69, or 8 majorlty. In the Sonato, of 50 mombers, 20 members hold over, 32 of thew Ropublicns, the rest Demo- orats, Of tho néw Senators, 10 are known to be Ropublican, and it i¢ prooablo thet in two doubt- ful aistricts Nopublicsnn are elected. Tho 83 cortain votes in the Senate, and the 54 pxax‘ter certain votos in tho Honse, will give u Republi- o4n majority on joine ballot of 10, If tho Inda- pendout Ropublicans are admittod to the purty, as thoy always have been in this Btete, the joint mafority will be noarly 20. AMoGaeoon, In.,, Oct. 16.—The lnne,t‘.‘v'lty_ of tho Republican party hasresulted io their deteat. Clayton Connty official roturns 830w & majority of over 500 for ths Liborals on the State ticket.: Tho Anti-Monopolists have elocted their entiro arty ticket by 400 mn1orit¥. Schroeder and Ymundu, TRopresontatives, rocoive 500 mujnrigy. Benton, Sheriff, over 800 Liboral majority. The indications aro that the Lower House of the Logislature will be largely Anti-Mouupoly. (§n).l|m:s Crrx. Ia,, Oct. 18,—Full refurns from Floyd County give thoe rogular Republican ticxot 1,000 majority. Dorland, for Ropresentative, has a majority of 202, Broux CrTy, Ia., Oct. 10,.—The ofticial vote of Wooubury County gives the Republican Siate tickot » mnjority of 870, Perkins, Republican, for Sonator, Las 000 majority. Gillitard, Re publican, for Represoatativo, has 770 majority. Oa tha county ticket, the Republican mujority rauges from 100 to 800, ‘WAsHI®GTON, Towa, Oct, 16.—Tho returns from: Washington County are all in. Vale has ma~ i([:rity over Carpentor of 403, The entire Auti- ‘onopoly ticket is elected by majoritios ranging from 67 to 499, Grant carried tho county last year by a majority of 919, Kroruk, Ia., Oct. 16.—Valo's mn]erisy in Leo County is 555. Beck, for Supremo Judge, has & majority of 278. The Republicans eloct the Senator and two Represontatives, and Coun- ty Burveyor. The Anti-Monopolists elect the bnhuc(a] of the tickot, by majorities ranging from 20 to 700. Grexwoop, Ia., Oct. 16.—Ofcizl returns from all the townehips give the followiug report = Vale, Anti-Mouopoly, for Governor, a majority of 191, Balance of State ticket about thic same. Micklewait, for Roprescntative, Las 230 ma- jority, and the entire People's county tioket is olected Ly a majority ranging from I40 to 276. This was the hottest contosted county in the State. Grant cariied the county last year by a majority of 486, the prosent resull making a chunge of about 700, McGrneaos, In., Oct, 16.5-Clayion Gauntgn— Oficial _returns show & mn;go‘xlty of over 500 for the Liborals on the Stato tioket, The Anti~ Monopolists have elocted the entire county tioket by 400 majority. Schroedor and Rounds, Roprosentatives, reccived 500 majority. Ben- ton, Suer1ft, over 800, * OHIO. Special Dispatch to T'he Chicago Tridune, CiNomxaTI, Oct, 16,—The Commercial hast ha following special from Oolumbus to-night: “ Boventy couutics, mostly unofiicial, give & not gain on Governor of 16,031, or an average gain of 220 to cach county, 'I'ake the reporied Re- publican gain in Hamilton Couuty—i,800—from lhlu, aud the net Democratio gain in soventy. one counties is 11,531, 'horo is still lofk 9,019 to be overcomo in the remaining eeven- tcen countles, in order to olect Allon, on an av- orago of 176 Democratio gain to each county, The counties to be heard from are Ashlaud, Carroll, Olormont, Delaware, Gallia, Honty, Hocking, Huron, Lake, Malioning, Morcer, Mon- roe, Otawa, Spaulding, Putnam, Tuscarawas, aod Willinms, * The Domoorata will Liave from 12 to 14 ma- Jority fu tho General Assombly on joint bailot, which_insurca the roturn of Thurman to the Uaised Buatos Heonate for six yoars from March , 1874, . In Cinclnnati and Hamilton County, the Re« nblicans oleot ono Htate Sonator and three Btato Topresontatives. Tho Pooplo's patty oleot the County Auditor, for whom the Rs- publiosns sleo ~ voted, ~ Tho ~Demooratd oarry all the rest of the county and Stata ticket. Tho total Domooratic vote of Hamilton Conney, however, i baroly 17,000, which is con- eldorably loss than i han Doon'ag ovoral formor (Continued on (he Eight Page.)