Chicago Daily Tribune Newspaper, November 1, 1873, Page 1

The Thicangn Duily Teibmne, | VOLUME 27. REMINGTON SEWING MACHINE, REMINGTON SEWING-HACHINE AWARDBED THE “MEDAL FOR PROGRESS,” AT VIENNA, 1873, The Highost Ordor of * Modal ¥ Awardedat the Exposition. No Sewing-Machine Received a Higher Prize A Few Good Roasons: 1A Now Lavention, thoronghly tosted, sad secared s b’ZI:'{(d:- 8 "urloolhnk Btitch, allke on both sidos, O s Lient. "Smooth, Notsoloss, and Rapid-best o 0! AN, e withont ropates o v o i hs.—w'n’fi'aofix" Variotios of Work and Fancy Stitchlog rlor manues d by tho operator, Length of otitsh may bo altored whilo running, and machine can bo throadod without paseing thread thtough holes. : 7= Dasign Simple, Ingontons, Rlegant, Forming the stitoh withont the usb of Cog-V hool Gears, Rotary Cama, ¢ LovorArma, 1las the Automatic Drop I'sed, which Visares uniform length of stilch at any speed. iasour ow. Throad-Gontrojor, which slloms casy mavemont of ar and proventa Injury to thrond. Bl i fme sfactarod by tho mast akillful and exporionced mechan< fos,..at tho colobratod REMINGTON ARMORY, Liion, . Y, 3 ‘Address Remington Sewing.Machine Oo., “Wostern Office 285 State-st., Ohioago, IIl., <or Agencies or Information. GLOVES, LINENS, &c. A FEW SPECIAL BARGAINS CARSON, PIRIE & CO.S RETAIL DEPARTMENT, WEST MADISON & PEORIA-STS. o noodl EID GLOVES. 3,000 pairs genuino Parls Kid Gloves, equal to any in soallty, reducad fron BL75 to 81 & pair—in colors only. ““Thomson's Bost” 3-button Kid Gloves at 81,50, rogn” st price 11 $2.25—in colars only, Good -button K1d Gloves, Colored and Black, 81 8 patr, Goad 1-button Kid Glovos, Colored and Black, 85 cents apain, LINBN REMNANTS. 9,600 short longths, Manulacturers' Remnants, Pare Irish Linous, at 25 ots, a yard—n great bargain. 3,500 ahort longths, fine qaality of same goods, at 50 ola, 2 3ard, somo of thom boing worth $1. FLANNELS. Good White Domot, Flauncls at 20 and 25 ots. Good White All-Wool do, , 800, 350, and upwards. Good Red All-Wool do., %56 upwards. ‘Bargains in Shirting Flannols, Bargains {n Shaker Flannols, ‘Bargains in Blankots, WOOLEBENS. Line of Cassimores for Boys' wear, 60, 65, 75 ota. and upwards, ‘Heavy dark Oassimoros for Mon's woar, 8, 85 cts., 81 and upward A hisavy black Waterproof, great bargain, 85 ota. ‘Bargaios in Navy Blus Waterproofs, 81,25 upm HOSIERY, UNDERWEAR. ‘Ohtldron's good White Merino Hoso, 30 cta. Largo lina of Childron's Fancy Hoso, oheap. Ladios' full rogular Whito Cotton Hose, 25 ots., & bare gain. < Ladios' Merlno Vests and Drawors, & good articls, 75o. Gonts' colorad Morino Vosts and Pants, 8 ots. Large assortmont of finer Undorwear, very aheap. CORSETS. Tho groatest bargains over offorcd In real Fronoh Wava Corsats, warrantod best shapos and qualitles imported; about actual halt-price, as follawa: Rogular 84,50 Coraot for 2,50, Regular 88.60 Corsst for 32.00. Rogular §2.50 Corset for $1.50. Good Whalobono Corssta at stfll lowor prices, IT PAYS TO TRADE ON THE WEST SIDE. Cor. Madison & Pcoria-sts. POLITICAL. Candidate for Alderman of Tenth Ward, People’s Party, L. GREENEBAUM, OF THRE FIRM OF M. GREENEBAUM & (0, DEHALERS IN IRON;:NAILS, & WAGON-STOCK, 161 'W. Randolph 8t. OFFICE DESKS, Now is the Time! TO BUY JEFICE DESKS, ‘Blaborate or Plain, Tables, Efiairs, &e. AT ABOUT First Cost. ALSO, School & Church Furniture, Direot from LARGEST M’IF'RS in the Coun. try. Address, for Oataloguo and Prices, 0. Andrews & o, 166 to 170 State-st,, Ohicago, 'ANTED--AL:. o 8360 por mouth, overywhero, to sell ono} | of thio most usoful artiolss ever lnvented| Bond for Olrou} BECOMB & CO., » OmioAao, 111, needed in ovory family, lor. Address, DISSOLUTION NOTIOCES, ‘The firm of Hort oyen ay dissolved mutu- :L3?;’.;“}".11‘%'&3’&?..«'.".5‘.‘1‘5i’.’m‘:‘iif."{.".&]'{l{f;".“u.‘;‘a [PEEE Ui1aB. 11 NOYES, B, Hord vl oantindo tho comiiusion bustaces as X » 00, 10 tho fisin hamo harotolors, at tho sawe nlace, sign et co, 4 MUSICAL, BURDETT ORGARS, At no timo during’ tho past throo yoara hava wo beon ablo to moot, tho domand for thoso mntlilces instrunonts, tha orders invatiahly oxcoeding tho sunply: and evari now, with largely-inoroased mannfacturing resourcos, the ordors arc Iargely fn excess of our ability to furnish, In Sonscanence of thia fact wo havo, for yoars, rofrained From ndverifsing tiom, aod only nosr have rocuiro ta the prons in ordor ta call thoattontlon of tha public to tho many NEW IMPROVEMENTS, _ NEWLY-DESIGNED CASES, NEW STYLES FOR CHURCHES, NEW STYLES FOR THE DRAWING-ROOM, Al of which should be sacn and hoard to be approciated. E7 Partion at a distance will pleass write for our Illus- tratod Price List. LYON &HEALY, General Agents for the Norlawest, State and Monroe-sts., OEICAGO. ‘WATCHES. TIFFANY & (0, Union Square, New York, . No. 10 Grand Quai, Geneva, In addition to thelr ususl stock of SUPERIOR STEM- ‘WINDERS, offors full assortmont of COMPLICATED WATCHES, COMPRISING ONRONOGRAPHS, MARKING FIFTH BEC- ONDS. CHRONOGRAPHS, WITH SPLIT BECONDS. OIIRONOGRAFPIHS, WITH SPLIT AND INDE- PENDENT FIFTH SECONDS. REPEATERS, STRIKING HOURS AND QUAR- TERS. URLEPB'ATERS, STRIKING TIOURS AND MIN- TES. REPEATERS, STRIKING HOURS AND FIVE MINUTES. ' SELF-AOTING REPEATERS, HOURS AND QUARTERS, CALENDAR WATCHES, SHOWING DAY OF THE WEEK AND MONTH AND OHANGES OF THE MOON, BTRIKING IRON PIPE, &o, WALWORTH, BROOKS & CO., 243 & 245 Lake-st., CHICAGO. Iron Pipe, FITTINGS, VALVES, &, FOR STEAM, OAS, AND WATER, STEAM PUMPS, inos, Bollors, Bolting, Tone, &o. Steam Heating Ventilating, ' Otis Broa. & Co.’s Stosm Safoty Eleva- tors. Iron Pipa inany quentity, at verylow pricesor cash. o and FINANCIAL, WE OFFER FOR SALE, At 04 conts and interest, a flrst-class HOME INVESTMENT BOND, bearing 7 per cent intereat, payable semi.onnually on tho 1st of January and the lst of July., These Bonds were constitutionally issued by the Board of ‘West Chioago Park Commissionors. For the payment of Principal and Intereat the rosources of the West Chicago Commission- ers and the orodit of the Town of Weat Chi- ©ago are irrevooably pledged. APPLY TO HENRY GREENEBAUM & 00, Bankers, Fifth-av. DIRNAE: SAVINGS BANK, Charteed by the \ St f Tiats, 105 CLARK-SY, Melodit Chureh Block Btx per oent compound nto . Pl Hooka tarmiohed wihont crarsar "It Ohildren stariod with ONZ DIatk as nsual, o ¥ Kepanr iean, COVILLE, Prealdont, 7%, —Duriig the rocent pania danenits o domhind ithant datioe. Lok Bas naid all o REMOVALS. 168 WASHINGTON-ST, POPE & DAVIS, Commission Merchants, BREADSTUFFS AND PROVISIONS. WM, J, POPL, R. L. DAVIS, Chicaga, Oot. 31, 1078, UNION LUNCHES. “UNION LUNCHES, By the Ladles of tho soveral Mathodist Ohural 5 81" Mudlioneat. . Only 5 conts for n tood-Fuheh Ao & gond nin.Vionofit of i1 ‘Sisstan Clrie ‘WEATHER STRIPS, THE Best Weather Stri Inthoolty, Toue conta yer faot. CIIOAGQ PIGTURE FRAMIC MANUFAUTURING €0., 70 Kast Madison-st., corner of Ktate, Jtoom I, up-stairs, TIHE BEST AND THE CHIEAPEST WEATHER STRIPS In the olty, e 1 D. W, 20.'8, 35 ho oltze can ko found at D. W, BOSLEY & CO.'S CHICAGO, SATURDAY, NOVEMBER 1, 1873. FURS. HATS. Largest Stock, New Styles, Fine Goods, Ri_@t Prices. STRYEER&CO,, FUR MANUFACTURERS, 231 West Madison-st. Branch, 114 South Clark-st. ESTABLISHED 1835, . A, SMITH & ©0,, 161 STATE-ST., MANUPACTURING FURRIERS, Seal Sacques, Muffs, and Boas. MINK,LYNX, BLACK MARTEN, and ERMINE SETS, in all their va- riety. ‘We make a specialty of REPAIR- ING and TRIMMING SEAL SACQUES with OTTER, BEAVER, SEA OTTER, BLACK MARTEN, and SILVER FOX. BASSETT & HAIHMOND, Furriers and Hatters, HAVE A FULL STOCK OF Ladies' Furs, Children's Furs, Gentlemen's Furs, HATS, CAPS, GLOVES, ROBES, &C. Furs Altered and Repaired, 144 Madison=st. GENTLENEN'S HATS Ladies' Fine Furs, TOUMANYS DRESS HAT, YOUMAN'S NEW OPERA TURBAN FOR EVENING, Erby & Barnes), 101 MADISON-ST. HATSY DUNLAP & 009 S8pooialties in Dress Sillc and Telt Hats, in full supply ab BREWSTHR'S, ‘Where may be found the moat elegant stook oltgenl Oapa and Gloves ever shown in this aity. COAL, Wilkes-Barre COA T, “From Our Own Mines.” FINEST QUALITY of HARD COAL. DELIVERED IN OITY, $10 PER TON, any size. IN YARDS, $9 PER TON, any s;ze. WELL SCREENED AND FREE FROM SLATE Also, Lehigh Lump, Blossburg, Briar Hill, Modway, Hocking Valley, and Wilmington Coal. A Liberal Discount made ou Gountry Orders. BLAKE, WHITEHOUSE & 0., 19 Chamber of Commerce. Yards--Indiana-st. Bridgs, Twenty-second-st. Bridge. FOR SALE, NEVERSTBLE SPONGE CUPS, The Cleanest and Neatest Articls for Desk Uss, AT WIIOLESALI AND RETAIL, BY CULVER, PAGE, HOYNE & CO, 118 and 120 Monroe-st. ONSUMERS will find it proftable. fo got our prisss Luforo ordoriny elsewhare, HINDLI & JENKINA, Whidiostlo and Hotsil Stationore, Printers, and Blank ook Bannfaoturors, 168 Olark-at. FOR SALE CHEAP. 100 F'EET. 50 feat on tho southeast ooror of Calumot-av, and Thir. ty-sucond-at., and 60 foot on the northeaat corner of Calus ‘hirty.third-st. juira o s Northwost coruor of Madison and earbos & foot h, 11 taki Tt WA gl e WINTER RESORT ROVAL VICTORIA NOWEL, o N, .. Hahuinas, opr Intor seas Nov 1. ko lu?nr.r:;:nnl'lyun TS, LB RVEUE) ot adway, N. ¥ ¥ roriven N Vi, 5, PORTER, Propriotor, MEETINGS, Masonic. Thor wil b ( Union Park Ladge e Es&fi:’fl,‘"fi{nfi?}:‘.‘;’."l‘{’ St Sirmer of Bhadts BRaihton b avi, S wanabore of s Lodio_ noriten toattoud. Iy ardofof W B, FINANCIAL. The Great Dry Goods House of Olaflin & Co, Em- barrassed, Meeting of the to Examine Condition. Banks Its Another Meeting for Consul- tation to Be Held To-Day. The Sprague Crisis Not Yet Over. Their Notes Gone o Protest in Providences The Providence Banks Reach no Definite Decision. Report that o Plan of Trusteeship Will Be Adopted. To-Day Will Decide Their Fate. The Chesapeake & Ohio Railroad Com- pany. in Default. Stagnation of Trade at Baltimore, Dos- ton, and Philadelphia, Sharp Decline of Stocks in 'Wall Streot. NEW YORK. Special Dispatch to The Chicago Tridune, A OWILLING FEAR. New Yong, Oct. 81.—Deop gloom and that loss of confidence, which in Wall street ia in- variably the forcrunner of & grest disaster,— euch an ono as for dayas past hos beon lurking along the financial horizon,—fell to-day liko an enormous chilling pall over the strost and quick- 1y routed tho little confidenco that still reigned in the minds of the moro sanguine spoculators. This was duo to tho already long and rapidly Increasing category of failures, iucluding some of the most prominent, aud, it was believed, the soundest moneyoed companies and corporations in tho country. The most wild and reckléss ru- mors concorning & number of commorcinl houses that bave thus far met all their obligations, were in circulation. Theso stories combined to de- pross tho stock market, and whon it waa reported that a prominent Vanderbilt house inBroad straot had failed, thero was still greator depres- sion. Noarly every stock in the list drooped from the opening to the end, uniil the fluctua- tions wore from 1 to 3}4 per cent below those of last night. TOW STOCKS DECLINED. Among thoso who bought and paid for stooks two months ago, the pra|]mrtian of their capital sctuslly lost alrendy, so far as tho market value of - socuritios indicato roal value, is about three-fifths on St. Paul ; one-half on Columbus, Cincinoati & Indiana Central, Hannibal & "8t. Josoph, Northwestern, and Western Union; two-fiftis on Obio & Niseis- sippi, Pacifio Mail, Toledo & Wabash, and Union Pacifio ; ous-third on Lake Bhoro; one-quarter on Erie and Harlem ; and one-fifth an Central and Hudson, 1f the comparatively few who Luy for roady money are so seriously injured, what must bo the fate of those unfortunate specula- tora whoso transactions were baged upon mere doposits—5 to 10 por cont—ns margins and how disastrous and wide-spread must bo the effect on moneyed institutions all ovor tho country, whoee capital and deposita were loaned out on margins of 10@15 per cont. THE DECLINE in Wabash was 8¢ per cent; in Liake Shore, Hannibal, 8t, Josoph, and Rock Island ench3; in Central & Hudson, 25¢; in Norluwostorn and Pacific Mail oach 1¥7;in 8t Paul, C., O. 0. & L C., onch 13¢ ; in Union Pacifio and Firio, 1@1%. livory fall, even of 1 por cont, only widens the breach botween debtor and creditor, and intensifies tho sulforing and _distross, Had tho market rocovered a few por cont, and held tho rccovery for a few days, many millions would have been guickl cancolled,"which must now be sottled throug laprnulvu and tedious process of the bankruptey B, aoLp opened at 1083, advanced to 108}¢, declined to 108%¢, aud closed at 108%, on » nob very active market. THE TREASURY naid out to-day, in redemption of 5-20 bonds, $19,000, and disbursed $446,000 on account of the November intorest,making a total of $8,015,- 000 thus far paid. FOREIGN EICHANGE . was woak with a strong pressure to sell. London advicos wore more encouraging, 8o far as the rate for money was concerned, the price in open mar- kot being 634 per cont. The Bank of England gained £20,000 on balance to-day. MONEY on call waa very irrogular, and has ranged from 7 per cent por annum to }{ per cont commiasion and interest. In morcantilo paper tho ratos aro nominal, TUE BANKS continue to improve, and roport a further gain of 060,000 in legal-tenders, Tho pooling ar rangement of the banks terminates to-morrow, and thore is littlo apprehonsion that trouble will rosult therefrom. DREADSTUFFS, ‘The flour market opened quiet and firm for shipping brands, and irregular and heavy for me- dium and botter grades, At the closo the market was stondior aud active for low grades, lowor for modinm and bigh grades. Early in the day, the m\}:ury for wheat was limited, but under the favorable nowa which arrived from Europo later in tho day, holders advanced their views 1@8 conts on ‘spring ; wintor was hold with steadi- ness. 'Pho demand was oliefly for export, but partly to fill contraots and vossols, Oats were easior, and in moderato demand for the trado. Rye romains quiet. FREIONTS, Thore waa a modorate inquiry for berth ac- commodations, with rates ruling firm, excopt for grain ; for which lower figuros were accopt- od. There was a fair demand for vossols for chartor, principally for those adaptod to tho grain trade, DIMINUTION IN BUILDING, From the New York World, Oct. 20, It the lxllgf:llnu effocts of the panio wore to be anmmiod up in & vory short space it could not bo bottor dous than by makiug s fow roforouaes to tho rocords of the Dopartmont of Buildings for past fow _wooks, Aun’ examinntion of tho books of that Dopartment shows that tho work of erecting now buildings and ropairing old onos— an industry on which was expendod tho sum of $24,72,700 during niuo months of last yoar— hias diminished to such a degres that the rato of oxpondituro at the prosent time is only $4,863,000 por unnum. Last year thoavorage number of now Lnumnga projected oach weelt was 143, This oar tho number of now buildings projocted for {lm week onding Oot. 14 was 20; for the woek ending Oot. 21 it was 28, and for tho weok end- ing youtorday, Oct. 28, tho number bad dwindled NUMBER 72. down to 14, Among thoso 14 there is no ] dosired, Aa all industricahavo intorests in com- costly building projectod. It is evon quite liko- 1y thint sovoral of thoro projects will by abandon- od, at_least until spring, ~ All tho officors con- nected with the Building Dopnrtment attest to tho eame slatomont—that tho businoss ia un- usually and unnaturaily dull. Bosides tho fact that’ n%flrnflona are to bo sns- ponded on mnearly all buildings except those which must bo comploted, tho wages of such mechanics and laborers who do continuo to find omployment are to be cut down. —_— THE SPRAGUES, Special Dispatch to The Chicago Tribune, THE FEELING IN PROVIDENCE. Provipexce, R. I, Oct. 81, —To-day was marked by an Intenso, but quict fecling. ' Tho publication of the liabilitles and nssots of the Franklin and Cranstan Bavings Bauks hiad & fa- vorable offcct, ospecially in tho case of the formor. The latter stopped payment, except on sixty days' noticos. Littlo businoss has boen transacted in finan- clul ciroles. Tho condition of the Bpragues is tho all important topie. The Providenco houso met their obligations yosterday, which wore but small, It s roported their papor wont {o pro- test this aftornoon, No Providonce houss will go down Ly this dissstor, the Sprague paper boing largely held bytho banks, and, with the oxcoption of the two mentioncd and tho Globo Natioual, mn safe lines of investmont. Tho rumor that Brown & lves are prcuelni; tho Bpragues to tho extont of $1,000,000 is withous foundation, The Committos appointed to invastigate the affairs of tho Spraguos was busy all day, but has made no report. Tho general opinfon provails that somo plan of trustoeulur will be proposod. Tho roported failure of Claflin & Co., if truo, will incresso tho embarragsment of the Spragues. Gon. William Spraguo, Prouident of the Com: Emi' arrived from Washingion this sfteraoon. tie has not boon here beforo during the trouble. T'ho oxcitoment is not marked by any yolitical feoling, o common intercst bringing all to the snmo lovel. (Zo the Associated Press.)] PAPER PROTERTED, TrovipENor, R.1I,, Oct. 81.—Tho notes of A, & \V. Bpraguo wont to proteet this aftornoon, DANK INVESTIGATION, ‘The Commissionersappointed by the Governor to examino into tho condition of the Cranston Savings Dank -roport tho total lisbilities of that Iustitution ot 2,306,935, including $3,148,505 due to depositors on ‘book account, ~ The nssots aro $2,883,335, including $495,000 in accoptanoes ot Hoyt, Bprague & Co., ©887,600 in notes of the A. & . Sprague Manufacturing Company, indkewa,oon in the stocks of three Sprague anks, TANK MEETING ADJOURNED, The meeting of the bank oflicers to consider the affairs of A, & W. Sprague hos further ad- journed until to-morrow. The Committes is ot ready with_its statoment, and no plan for the future conduct of business has been agreed upon, Thero is no materinl change in the grave aspect of affaira, LATEST, There is no notable change in the financial situation to-night. Msturing Bpraguo paper, amounting to 347,600, went to protest this afternoon. Gen. William Spraguo, President of tho A, & W. Bpragna Manufacturing Com- pany, arrived this afternoon, and it s oxpected that his presence will aid tho committos in ma- turing propositiona to be submitted to the meot- ing which is to bo held to-morrow at noon, Nothing {s_known {mumvely of the proposition to bo submitted, but the plan talked of involves tho nppolntmont of Trustees to tako the gonoral ohnrgo of tho settlemont of the vast and varied intorests on terms most advautageous for own- ors and creditors. Special Dispatch to The Chicago Tribune.” THE NEWS IN BOSTON, Bostoy, Oct. 81.—Tho day has been an Innc- tive one in fiunncinl cirolos, for the failure of the New Yorlk houso of the 8pragues, and numerous 1umors of tho ombrradsment of other firms, with the still unsattled and desperate coundition of the Providenco houso of tho Spragues, tond to weakon confidenco, Tho nows that the notes of A. & W. 8prague in Providence went to.pro- tost this afternoon was not rocelved until late, and its effect will not bo developed bofore to-motrov, but thoro is & degree of gloom in all manufacturing and mercantile ciroles groater than at any time since the Emcipimtiun of the stock panic in Now Youk, ‘The continued failure of THE COMMITTEE OF CAPITALISTS appointed to investigate the Sprague report, hins dono as much as snything to confirm the suspicion that tho downfall wasinovitable. Their businoss was known fa vast, various, aud ox- touded ; but it was bolioved in financial circles that if its condition had Leen sound the fact could have been shown very much sooner. A NEWBPAPER OPINION, The Providonco Jowrnal of this morning doubtloss voices thelopinion of the business world, whon it says: If tho Bpragues had Leld their accounts in & condi- tlon {0 show thelr truo situation, and conld have mani- fested thelr ability to go on with'$1,000,000, or $3,000.- 000, or §4,000,000, the capitalista of 'this rich and pros. porous city wouid bavo taken themn up and carried thom ‘through without audiug suy oid from Wal atroet. "The Journal is the organ of the rival house of Brown & Ives, but duriog the crisia has been exceedingly forbearing and judicious in its com- ments on the situation, The truth probably is that the Committeo could discover no anfe basis for extonding bolp, nor any dofluito limit to the amount that would bo needed te carry the Spragues through. 5 YESTERDAY'S MEETING OF THE COMMITTEE. At the meoting to-duy mnoon they were no nearer ready than two days ago, for anything that appoars ; and after tha report was roceived that no mpnrl bad been mado, evory- body was propared for tho nspension of pay- monts this atternoon, The Commissions that examined the condition of TILE BAVINGS DANKS made public their statement, which ‘contributed to make cortain tho conviotion that recovery was imposuible, That of the Franklin Institution wwas telographed last night. ‘Ihe condition of the Cranston Savings Bank i still more unfavor- able than the Fraunklin, the linbilitics being, ac- cording to the roport, 2,366,005, including $2,148,505 due to dopositors on bank account, ‘I'he nssots aro as follows : Loaned on mortgage of real ostato, . Mortgnge on peraonal Propertyes veessrsses Loaned on personal seourity, including $495,000 in acceptunce of Hoyt, Sprague & Co,, And 5215000 in notes of ‘the A, & W, Bprague Msuufacturing Company, . ‘Loans on callaterals, fncludin of A, & W. Sprague & Co, Btock in the Sprague ban Btock in the Bank of Commerce 10,000 It s reported that depositors will get mot ‘more thnn 25 conts on the dollar. EFFECT UPON THE DANKS OF PROVIDENGE, A dispateh roceived iu this city at noon to- day, from A, B. Mygatt, Bank-Examiner from Washington, now ‘in Providenco, says that Lio cannot seo that tho capital of any of tho Providence banks will bo at all impaired by the Bprague fallure, unless, perhaps, tho First, Sce- oud, zud Globe, and they will pull through all right, being sustained by the othor banks. BPRAGUE INSTITUTIONS, Tho following aro some of the institutions managed by tho Bpraguos : Perkins Bheot Iron Company, Comstock Foundry, Union Flax Company, Rliode Isluud Locomotive Works, Oranaton Print Works, Narragansett Trotting Park, ‘Unfon Street Railroad Company, They havo besides a largo interest in the Trovidencae Bteamship Company, and largo in- torosts in Augusts, Me,, ‘and Columbin, . 0. The Cranston Print Works bhave shut down for two wooks, and will run only & short timo when operations are resumed, ‘The rost of the Sprague mills are all Tunning, somo on short timo. LOCAL PRESA DIOKERINGH, Tho Providence Journal to-day enys, rather hopofully, that no othor houso Is likoly to go down in this disnstor, Tho Lress—tho Spraguos’ paper—hna the fol- lowing~ deprocatory but not reassuring com- monts: **In times of & severe flnuucial embar- rasgmont like tho prowont, It is exceedingly unsavory to allow personnl or social projudico to como to thosurfaco; sud espocially skould thoy not be allowail to )m[ul o gontonce or convey a taunt of humiliation, a sting of voproach, or o bosst of fancicd suporiority. Thesa aro not tho thmos for bbnh{- ing or of solf-gratulation ou the part of any ono, ‘The industrios of (his State and of tho conntry nre recolving a hoavy blow, aud the out- 1ok 1 uot tho most favorablo which could be mon, all porsous nnd firms should be roady to admioistor to caon othor in a spirit of kindnoss, no matter what tho porsonal, sucial, political, or other relations may have been while prosperity reignod.” MORK TIME TO BE ASKED FOR. The Advertider’s, Providonce special says 1 n[lnz)rudlcled by somo that tho Committoo of tn~ voatigation:into tho Sprague sifairs will nsk atill further timd to-morrow. BENATOR SPRAGUE ON THE GROUND. It is intimidated ih somo qunrtors, that the Committes was awaitlig the return of tha IXlon, Wm. Sprague, Do~ foro sottling wpon any plan of aclion; but, as the Sonator arrived this afterhoon, there can be no further doiay on that account. Ho camo from Washington, and roached Provi- donco #t 4 o'clock, an hour after the notéa of tho firm lad beon protested, His brothor and Mayor Doyle mot him at tho railway station, and they {mmediately went off together for private consultation. Will- inm Spraguo is reported to have said that he would.agre to whatovor plan the Bank Commit- teo might decido upon, ¥ PRODADLE ANTION OF TIIE DANK COMMITTEE. What this nction will bo is variously specu- Isted upon in businoss circlos, and some think 1t probablo that it will recom- mond the the wholo of nlmlnf of the business affairs of the concern in tho hands of trustoos, who shall ¢onduct them until all cmbarrassmonta aro romovad, Othors helieve that abaolute bankraploy will bo the result, Tho Spragud organ in Providence declares, in its last “oditlon to-night, that it undorstands that & plan, fu gi? features, has been agreod npon, which involves practically an extension by the oroditors of the houso; and snys of it ¢ The plan meets with favor, and fs accepted by both the banks and the house. ~Another meeting com- pored of creditors must be called, at such time an is poasible, for {helr considoration of tho plans, The action of the banks at their meoting to-morrow will practically dotermine tho question, ~While noth- ing bas transpired, at this writing, toindicate what the {mrlleulnr rocommondations of the Committca may be, it in gonerally undorstood that thoy will conrerve the safoty and socurity of both oA, the hoiso and all its cred= Ita onterprises aro many and vatious, s its capital hos been made -to developo 'mearly overy industry of Lo Btale. The ability to continnio g0 gonerous and honorablo & course of *Industrial development has become & mMmeaanurs crippled by the foss of credit. Itis generally sup. posed that the gplan to bo ?rupnnd will cmbraco s roturn ~ of the firm to the strictly legitimate businees by which its fortune has Leen miade, If this fs o, it will take timd fo reallzo upon thoss outlaying intorcsty at a foir valustion or without rorlous sacrifice; and ft ia truo that the house now noeds credit more than ine creascd nescts, THE AMOUNT OF SPBAGUE PAPER PROTESTED to-dny. is 247,600, 'The statement that the Bprogues had boon _ pushed by the firm of Brown & Ives is squarely donied by those in a position to know. Thoy sny that, until the Spragus asked asslstanco {from it, the latter firm had not held a particle of their paper, THE SPRAGUE MILLS. The Cranston print works, belonging to the Bpragues, have closed for two wooks, sod it is said they will run on short time when operations aro resumed. Their other mills aro rnnnin{: regularly, with two or three oxcoptions, on short timo. A CONBULTATION HELD. It is bolioved that the Spraguos are huhlingi)a consultation to-night; but if this be Eo, the muuli::{; ia strictly privats, and nothing can be loarnod concorning the proceedings WOOLEN MILLB OLOSED. 0Osweao, Oct. 81,—Hoyt, Bprague & Co.'s woolen-mills at Oswogo I'alls will close to-mor- row until further notico, throwing 500 operatives out of employment. g +CLAFLIN & CO. Special Dispateh to The Chicago Tribune, Ii. B. OLAFLIN & 0O, New Yon, Oct. 31.—Tho most sstounding rumor of the day was to the offect that H., B, Claflin & Co., onoof the greatest firma of dry goods denlers on the continont,was embarrassed ; and, unless they recoived at onoo a large amount of money, they would bo compelled to suspend. Tho junior mombor of the firm said to-night, to » ropresontative of tho New York T'ribune, that the rumors were groundless, The firm hed out mono of Its own pager, but -bad indorsed tho paper of their customers to a largo amount. This paper had accumulated in tho hands of banks and capital- iste in Now York and throughout the country, who were therefore directly interested in tho welfare of the firm., Much of this paper had lodged in Wall street banks ; and the rumors in relation to the flrm wora of spocial interest to those known as mercantile banks. A number of Brondway banks wero algo intorested in the official ~ intimation of diffieulties about to .oppress the firm. The rumor was car- ried early to-day to thoso most iuterested, among whom wero the Bank Presidonts in whose insti- tutions the firm deposited. A MEETING OF DANK PRESIDENTS, These gontlomen met in the Central National Bank at about 5 p. m. Horace B, Claflin, juuior member of tho firm, was present, and briofly stated the position of his house and its needs, Ho enid that the Ellfht pressure that was upon them originnted in their open accounts, and not in the paper thoy hLod outstanding, He then rotirod ~to another apartment, while the bank officors digcussed the meosures thoy should take for relieving the firm. Aftor a considorablo time the meoting ad- Jjourned ; and Mr. Claflin was privately informed of thae conclusion at which thoy had arrived, but nothing definite can bo learned of what action was taken, At the requoat of the Bank Presidents, T. D, Tappan, Cheirman of the Clearing-Houso Com- mittee, has called & meoting of Bauk Presidents for 1 p. m, to-morrow to take action in the matter. AN OPINION OF THE FIRM'S BTRENGTIH. A gentloman thn;smlglally cognizant with the .~ Olal affaita of H, flin- & Co. seid to-night, that thore was no possibility of tho susponsion of the firm, excopt inevent of the absolute withdrawal of public confidence, and a rofusal on the part of the banks to givo them ordinary facilitios for carry- ing on their business, Every note matured had boen paid, and overy nots s it matured would be paid. The firm, ho said, had to-day $10,000,~ 0U0 nasots above al their labilitios, irrespactive of the private fortunes of the partnars. ——— OSTON. Spectal Dispatch to The Chicano Tribuns, A DREAM OF FAIR THINGS, BosToN, Masa,, Oot. 8L.—It is evidont that there ia a Benso of surprise that, notwithatand- ing ail assurances that the businoss foundations wore secure, and no alarm need be felt on ac- count of the sudden collapso of the stock mar~ kot, the business interests, at firat sustained, should now, when confidence was returning, show such AN ALABMING WEARNESS, To the community st large the prospeot ahoad ia not a bright one, and foars begin to bo freoly expreased thut wo are doomed to exporience & hard winter in this city, No department of mor- cautile business is active, Lven the rotail ahor‘ , much resorted to and gonorally crowded at this senson, oro doing & _comparatively emall bueiness. Tho conviction hos reached the heads of fomilies and housewives that the eafost course is the saving one, I wholosalo busiuess tho fowoest poesible purchases aro made. ———— WASHINGTON, Spectal Dispatch to The Chicago Tribune, TURCHASE OF SILVER DULLION. Wasminaron, D, 0., Oct. 81,—It is underatood to bo the purpose of tho Govornment to buy fine silver huflmn from timo to time, when, by pur- chiasing at low prices, little moniey can bo mado by tho operation, RUMORED DEFALCATION. A rumor was curront tu-day that another de- foloation had been discovered in thoe New York Bub-Troasury. Nelthor Gen, Bpinner nor Bocra- tary Richardion had, heard anything authentic u!wl.mt tho matter up to the hour of olosing their ofilces. [To the Associated Presa) MEVENUE KECLIPTS. Wasmnaro, Oct, §1.—Intornal INovenio re- colpty for the month ending m-my wera $t,008,- 461, Bame month lust year, $9,104,103, QURHENCY OUTHTANDING. The following statomont of Unitod Btatos cur- roney outatanding was Issued from vho Trensury Dopartment to-day, 0ld domand nates, 79,742 logal-tondor notes, uwov iwsuo, 874,477,461 Togal-tondor notcs, Horles of 1865, §280,474,755 010 yonr notes, 1803, £89,285; two yonr notes, 1803, $435,600; two yoar coupon notos, 1808, $81,000; compound “intorest notes, $478,240; fractionsl purronoy, firub issuoe, $4,040,002; soo- ond issuo, $8,161,400; third isauo, $9,380,401; fourth {ssuo, firat sorios, $20,626,5680 ; fonrth s« suo, socond sories, #8,623,020; fourth issue, third morlos, $7,096,100." ‘Lotal, $400,631,823. e BALTIMORE, Spectal Dispatch to The Chicage Tribune, Bavrindne, Md, Oct. 891.—Tho financial crlsly hag como closely home to Beltimore during tho pmat weck. The monetary stringency, which had proviotsly heon restrictod in its cf- foot, hns at last borno with a lieavy wolght upon logitimate business and mannfecturors, Tho troublo is especially folt in THE OYSTER TRADE, which should now bo omflnylnu 10,000 drodgors, shugclkors, and packers, instend of which boats are lying idio at tho wharvos, and tho packing- honses are not hnlf employed. ‘Iho paralysis thua produced extenda all fhrough tho counties bordering on the Olesapeake Doy, tho chiof jne dusiry of which is the cnmlunl;l; of oystors, The manufacturing ostablishments of the city, are either quiot or running ou half-timo, Tho Baltimore & Ohio Railrond has discnarged ono- third of its forco of 8,000 mon; and the Knabe and Gaollo piano factories aro as silent a8 & churchyard, 'There ia no busincss at all doing oxcopt in the foroign trade, which continucs Dbrisk on account of standing engagoments now being fillsd, Tho bonks are so consorvative that business osu find no reliof from thom, and thero ia n strong feeling growing that if they do not abandon their hoarding polioy, an effort will be made to forco thetn out of it by spplications in bankruptoy. —p PHILADELPHIA. Special Dispateh # The Chicugo Tribune. THE CITY'S PAY-ROLL, 5 PrrLApELPi1A, Oct. 31.—The following reso Intion has boen ndopted in the Councils :- Retolved, 'That in order to xelieve na far as possibla the necessitics of the employes of {ho city who have en thrown out of employment, the heads of thd Highway, Burvey, Water, and Clty Proporty Depart ments {uform tho Counctls if any, and what, work cun be prosecuted during the winter; and what action relative theroto may be necessary, ‘tho importance of such a mensure at this 80agon.is bovond quostion, S Special Diapatch to The Chicago Tridune, MORGAN, YOUNG, ALTEMUS 4 CO. Purrapereua, Oct. 31.—Morgan, Youug Altes mus & Co, report their lisbilities at 86,000,000 and stato thoir ability to pay 76 to 80 cents on the dollar. - PO MANUFACTURERS, Special Dispatch to The Chicago Tribuns, THF, BILK-TRADE AT PATERSON. PrruaprLriua, Oct, 81.—At Patorson, N. J. Dexter, Lambort & Co.'s ilk-mill has Yesumod gporations, omploying about 200 hands, — Tho Btrango silk-mill ia runniné on hulf time, with no reduction of wages. avill & Booth's sillk- mill fs running three-fourths timo, omploying Joss than 100 handy ; when'in full operativn 450 are employed. ON MANGFACTURE IN PATERSON, The Paseaio Rolling-Mill is working on full time. Tho Paterson Iron Company is working 100 men nnd will continue through the winter. The Latimer Boiler Works, Watson Manufacturing Company, and the MoNab & Harlem Compauy have onough work on hand, and will probably continuo through the winter. Tho majority of the stoppages in the various COTTON AND WOOLEN MILLS OF PHILADELPIIA woro mado with & view to a readjustmont of wages. A prominent mill-owner informs your correspoudent that standard goods are as low now as bofore the war, notwithstonding the {fact that tho prices of cotton and labor are al- most doublo. TILE DUFFALO MANUFACTURERS, Special Dignatch to The Chicago Urflune. Burravo, N. X,, Oct., 81.—It is said that the manufactuters of Buffalo propose Lo take action in the mattor of preventing sufforing this winter in consequonce of the great cutting down in the number of workmen. Thoro will bo between 1,000 and 2,000 people thrown out of employ- ment, DAVENPORT, 1A. Special Dispatch to I'he Chicago Tribune. . Davexront, In., Oct. 81,.—Sovernl hundred workmen wore discharged from the Rock Ielaud Arsenal to-day. 1IN HOBOKEN, N. ¥ New Yonk, Oct. 81.—A feathor factory in Wes\ Hoboken has cloeed on account of the searcity of monoy. Two hundred hauds are thrown out of employment. AT DATAVIA, TLL. Baravia, Ill, Oct. 81.—The United States Wiml-Exfiinu & Pump Company, the Nowton Wagon Manufactory, and the Challonge MMill Compauy, all of this place, have each reduced their working-timo to nine hours per day. For- tunately, the stockholders in these institutions are pocuniarily eo situated and the é;oods thoy manufacture are 80 greatly in demand, that thoy will be enabled to run with quite o strong forca throughout the winter, ‘Fhe paper-mill is at present compolled to run night aud day in ordex to supply its orders. The stone-quarries, which give employment to s Iarge number of men in the summer season, aro employing but fow men at prosent. L. P, Barker, oue of vur hoaviest stone-denl- ore, and & railroad_contractor, has ccased work on his contract in Indiana, discharged his work- men, and has roturnod to Batavia, from bis in- ability to procuro, at presont, monoy to carry forward his onterprise. ok Y DAVENPORT, 1A Special Dispateh to The Chicaan Tribune. DAVENPORT, In, Oct. 81.—It i3 denicd that the Hon. Hiram Price will resl;:u the Presidency of the First Nationel Bank of this city. This bank to-day.declured & dividend of 10 por cont, guynblu to-morrow. ‘Fhe Davenport National ank has also declarod o semi-annual dividend of 8 per cent. The Davouport National hay boen in operation eight ycars and o half. It bas divided profits among its sharoholdors sev~ entoon timos, the firat five times at 5 per cont, thon eloven times at 7 per cont, sad tho lnst timo ut 8 por _cent, passing 87,000 to a surplua of over 813,000, 1t capital i8'$200,000. In the eight_yoars' and n helf it bas paid back to its shareholders $220,000, and passed 93,000 ta surplus, Special Dispatch to The Chicago Tribune, Davexrorr, In,, Oct. 81,—The failure of H. 0. Chapman, doslor in dry goods, &c., at Cory- don, Wayne County, is announced. Liabilitics, &}3.000; $7,000 owed in thiu olty, snd £8,000 i icago. ez . CINGINNATL CrorwnaTy, Oct. 31,—Tho Board of Trade to- dny roferred to tho Committeo & resolution looking to tho expodioney of tho Government issuing 3 65-100 por cont bonds, convertibla on domand into groenbacks. —_—— THE TRADES. NAVY YARD EMPLOYES DISCIHARGED. Pontsvovrs, N. 1L, Oct, 3l,—Four hundred workmen were discharged from the Navy Yard to-day. —_—— THE RAILROADS. OHNESAPEAKE & OHIO DEFAULT. New Yorx, Oct, 81.—At a muozlng of the Di rectors of the Chesapoenke & Ohio Railroad to- day, no provision wes made for paying tho cou- ont due to-morrow, but, instead, it was decided iat the bondholders be ssked to fund the four coupons next maturing into 7 per cont income bonds. The Clllll&!luy Wwill mako a statomont to its croditors and bondholders to-morrow, or vory soon, 1t is_statod that O. B. Huntinglon, Presidont of the Company, offers $100,000 of the $450,000 gold mql‘x“md for this purpose, pro- vidod othor woaliby dircotor will furnieh tha remaindor, The Erpress says: “The default of tho Chosapenke & Ohio Rord is & mattor for eneral rogret, and will, no doubt, damago orican railroad credit in Europo, while hero it will result in Borious inconvenionce to many small investors. Thore are rumors of athor de- faults to-morrow, but we profer to wait for an oflicial announcemont of tho fact, THE ERIE COMPANY, New Yong, Oct. 31.—The lirie Railwsy I8 ro- duoing its forco in the diforont shops along the line 0? road, and the workmen retained will Le put on threc-quarter time, commoncing to-1or- Tow, AT WEST ALDANY, Aunany, Oct. 81,—L'wenty workmon wore dia- charged from the railroud shops at West Albauy to-night, COL, TUOMAS A, BCOTT'S LOAN NEGOTIATIONS 1N EUROPE, Philudelphia (Oct, 28) Correanondence of the New York Iribune, Ool. Thomns A, Svott, Prosident of the Texay & Pacifio Railway, and’ Viee-President of thy Pounsylvania Rallroad, roturnod to this city yos- terday, after au absonco In Burops of soveral months, Ilo went thore Loping to negotista (Continucd on the Diukth Page.)