The New York Herald Newspaper, October 13, 1871, Page 3

“WALL STREET AGITATION. ‘An Exciting Drama at the Stock Exchange. YHE UPS AND DOWNS OF A DAY. The Market Prolonged Into the Night Time. 6 Bulls and Bears’? Under the Gaslight. Rince-the first news of the Chicago fire there have ‘been mormurings of upheavals in Wall street. ‘During the days while the unfortunate city was ‘Durning into askes cool heads used to speculation Mm moncy matters were looking ahead, some to see Yuin aod desolation to themselycs, others to sce how they might protit by their neighbors’ misfortunes, Pots were lald for attack and defence: plans were feta = wv ee or rich, But the undercur- 3 ‘i pene MEN'S THOUGHTS ‘dia not come to ‘the surface. 1 was, as it were, before a battle, thé Jaying of all the hues and the beizing of all the potnt | Mecessary to cope with and ‘deteat the enemy, Noi unit yesterday morning, however, were the first rumblings of this fini yoleano heard, bot when their first sound was audible men began to feel. whist was coming and to spare for the worst. When the Stock Exchange opened yesterday Morning there waa hardiy anytaing unusual visible ‘4 the Countenances of tho-e accustomed to attend there. Piaciaity marked thelr features and smiles ‘Ai salutations m the usual Way characterized the asseinviing of the members of the Board, But {Mie Keen observer might have detected veneatn the -(YTR BLAND APPEARANVE OF TRE MAN OF MONEY, (B something which told that ut heart there was a teancer festering, which would eat tts way out public notice, and which, so.long as the promoting ‘causes were In existence, would continue to spread, aking out where and when least expected. Kusiness opened in the asual way. Bids were jmunde, were Laken, were noted and order prevailed. An odd sereech from an excited buyer or seller 1s fnot unusual in the Stock Exchange; and for some ‘time everything went as pleasantly as possible. But, futne py tue, THE ENTNUSTASM OF “GOLD” ‘as created, fostered, nurtured and fanned tntoa Yive expression of what-was so deep beneath the ‘emiling extenor, Flaming eyes tola how deep was ‘the passion smoldering in the money-men’s hearts. it was not long before the excitement became more expanded, and people not very much interested evi- @eutly saw (hat a tempest was gathering. Men be- jpan to luok fiercely in earnest, seemingly to forget hut they were saying and doling. Enthusiasm rew into DESPERATION, @esperauion into frenzy; and there-was evident in the mad, movements of the members a wild despair tat an impending dire fatality was looming over them and that ruin might be a result, _ ‘Phi continued for some time, and then there was Blut, during which it seemed, from the tacitarn Memeanor-uf the assemblage, that tnere was A HUDDEN MEANING IN THE PAUSE, prnien No one cared to name. ‘ For awhile the usual course of business went on, Qui there seemed to bé no astonishing develop- ments in the course things were taking. It was Plain that stocks were falling; that some people iwere losing money fast; that more money was to be Jost. But the barden was borne bravely and no HE winced. Gold went up; stocks went down, nd were going down lower. Another fit seized Ahe Board, and again these few hundred men ROARED AND SCREAMED, YELLED AND VOUIFERATED ‘at ‘lie top of their voices in sheer madaess tor some ‘apknown calamity, which all felt or seemed to feel, and yet were impotent to stay orrelicve. Again and again during the forenoon hours did thee par- @xysms of passion break ont; again and again did ey subside into unexplained qnietude—a sidier ‘xbibition in the very silence than 1m the furious efforts to bellow forth some signs of the raging fire ‘Duroing within them: At length the money market eased up, and there ‘was palpable rest in the room. Great, strong men; hhard, wiry, siuewy men; old, venerable men, and Bmart youths bent on fortune making—ail seemed to want to rest; and chilly as was the morning air and SREMBLING AS WERE THF 11MBS OF THE EXCITBD eROWD, ‘ail wiped the perspiration from their faces and Bought reilef from the terrible ordeal to nerve and rain they had Leen undergoing. + In the afternoon the Board opened with more Mecorous characteristics, During the recess time pad been given to ascertain that many rumors /hispered into the eara of the fighting bulls and ars had not been found to be beyond a doubt. beer of the most serious suspicions were found to ‘pe groundiess. The names of houses nad been given as BROKEN AND RUINED Nwhich were periectly solvent and were probably cer- gain to remain so. Insurance’ofices and banks and mercantile houses named as on the verge of dis- faster were stili considered sufficiently soivent to be Sabie to weather the storm. Stories that fitted around ‘about attacks on banks, imbroglios arising out of the municipal muddie, the impeachment of Connolly, jthe new developments regarding ‘Tweed and other ‘magiuary dificulties, were a: found to have no more serious or stable foundation than the lispings i inuendoes of brokers and brokers’ clerks on the et. Toascertain, then, that so far RUIN HAD NOT TAKEN HOLD yamong the Wali street financiers, and that no poli reason had as yet been advanced to disturb jthe equanimity of either bull or bear was sufll- velent, after the stormy scene of the morning, prodnce more decorous conduct in te room, and to effect a reconciliation wpetween the rapacious animals of deadly enmiiy. ‘he truth is that during the afternoon everything ‘was quiet, bot in the Board room and on the street. ‘No casual observer, looking on irom the gallery of ¢ Gold Room, or viewing the large room of the "preex Exchange, would ever dream that there was A SPARK STILL LEFT LIGHTING ‘among the surging crowds which at any moment ght burst into a raging fire of devastating mean- Ang. Stocks were bought and sold as if no neavy pall jung over the neads of buyers and sellers—as if ahere were no beating hearts that could not be led in the fever for money. The afternoon wore m very pleasantly, and those wno feared a storm coming before the closing of the Boards felt wey were disappointed. But there was no forgetting the great calamity at ‘Chicago. Men, keen in the calculation of loss and gain, coud not cast aside #0 easily the great heavy ‘weight that had been growing heavier and heavier hour by nour since THE BURNING OF THE WARDEN CITY ‘began. Men who had been thinking incessantly of ‘what might be and what might not be—of how direct Josses might produce indirect losses, of how a pari arguments should hold good {in thetr case as well as 4p the case of others all the world over—could not @o easily extinguisn that lituie smouldering flame in Sheir breasts which was ready at will to bring ruin and life-long desolation in its trail. How true this ‘Was did not want a long waiting for exemplitcation, Just as the brokers and bankers were leaving the Stock Exchange a few hurried whispers. occurred Detween some clerks and their employers, and ‘though not a word was uttered alond,jthe crowds fhurrying down the steps leading to the building all Stood as if in SOME DREAD ANTICIPATION. It was now dark and the lamps in Broad street were being lighted. ‘The gaslights. threw a lurid lare upon the hundreas of faces now grouped thickly together at the entrance to the Exohange Dullding. Faces that had buta moment before been smiling~aibels with a shadowed smile of uncertainty—now became bianched with fear. and there = Wess eviienee «=n the ck aE a a RF et Pe IR Beep ABR 2 os 9 aaa GI PET ROS a SAE in IE IES RT Be | SERIE Sat SRR RN DS BEC SS | ae RRR RIN “on SSRN OP CA Sh aE eee i A AR Ae EE aS EE SAS aaa eee i APR a pe see ee PTS + he catia 2: NEW YORK HERALD, FRIDAY, eountenances of the money-getters nere congregated, ®@ painful, wistful suffering. Silence continued but & moment, when there was a talismanic word, as it were, sent around among the crowd, and then burst forth a yell of grief, despair, frenzy, that BANG OUT IN ITS BITTER SHRIEKING 80 loud and dull, 80 pecaliarly hollow and heart- leas a cry that people far down Wall street and up on Broadway could plainly hear a demontac tocsin. Now ensued a scene that bafiles all description. Men threw themselves upon each other, uttering wild cries, perfectly meaniogleas, but full of misery ana terrivie suspense; men tore each other's coats, recklessly trying to save themselves from some run that seemed inipénding. MEN CLENCRED THEIR FISTS and held up before other men’s faces in hostile atti- tude, as if commanding some eviuence of sympa- thy. ¥ relief in their distress. Faces were pale with 3 eyes were starting out of their sockets; voices were hoarse with the frenzy of the devouring spark cating at their breasts, now fanned intoa raging fame; bodies were writhing in an agony of distortion from the convulsion of the mind’s sub- version. The cause of this panic was the news that the Stuyvesant Bank was ruined, ‘Though THE STUYVESAXT BANK ‘was but 9 small concern, yet the refusal of its agent in the Clearing House t grant clearances caused this sudden outburst of madness. This was the first bank that had gone to ruin, and tne shock, even thongh such@shock might have been ex- ‘ected, created $3 ee consternation on the Bireet, I did Tot deem as if other mone Stuyvesant Bank was too ins! if¢ant a concern, at ordinary times, even, to disturb tie current of Wall frees 3 pay ce Wh bug jt was looked at in its misfor- ane ad thé pithage Of teifibie ordeal to financial circles at the present time, and in this way it las failed as an evil omen of ‘black days.” The scenes around the Excnange building con- tinued from five to seven o’ciock, dumug which, to @ spectator, the MUST BEWILDERING EVOLUTIONS were startlingly exposed. At length. nature—even the nature of hard, money-getting men—was tired and worn out, apd repose and quiet were absolately needed. Like the last efforts of @ burning pile to extend the aemon of destruction, this assemblage broke up into knots of raging men, who disappeared when there was no more chence tw spread the tire that Was consuming them. In the meantime prices had fallen, and railway and miscellaneous shares were “down.” STOPPAGE OF PUREyEAANT BANK THE CAUSES OF EMBARRASSIENT, HISTORY OF TEE INSTITUTION. The Bank New and of Small Capital. one amu Promises of a Speedy Re sumption. Ill-Founded Rumors of Other Bank Troubles. The suspicions for some ume entertained of the integrity of the Stuyvesant Bank were confirmed yesterday by its INABILITY TO PAY all the checks presented by depositors, A ramor to this effect soon found its way around in vusiness circles, and there was last night the semblance of @ faint excitement over the news, The Stuyvesant Is a State bank, and is comparatively new. It grew out of the East River Bank two or three years ago, and since then, having met with no untowam accident until now, it has been building up A TOLERABLE REPUTATION. It has never, however, been admitted to the Cleartug House, except as represented by anotuer bank. This fact has rendered suspicion more easy of growtn. A HERALD reporter last evening went to the house of the cashier, Mr. J. Van Orden gu Harlem, and in- quired if he was at home. He was met by the wife of the gentleman, with whom the fo:lowing convwer- sation took place:— Rerorrer—Is there any truth, then, in the rumor that the Stuyvesant Bank has failed? Lapy—Weli, there is some trath in it, but it is notall true, 1 cannot tel! you anything definite. RrrorTer—Bat the bank has very plainly failed, has it not’ or there Js trouble of some characier, I presume? Lavy—I cannot give you any explanation. Iam Dot an adept in business, although 1 do know some- thing about this, But I do not ihink | could en- lighten you any further. She further said that her hueband had gone down town with other gentlemen on what she believed urgent business, but what it was she could not state, but thought it had connection with tne trouble of the Stuyvesant -Bank. The reporter next called on Mr. T. D. Warren, Cashier of the MERCHANTS AND MANUFACTURERS’ BANK, whose residence is also In Harlem, Mr. Warren made the following statement of the connection of his bank with the trouble which had befallen the Stayvesant:— “This a:ternoon J sent & man up to the Stuyvesant Bank with a check for $3,500,. He returnea and said that its payment was refused, and that several of the depositors were walling at the bank, the pay- ment of their drafts having been also refused, Our bank has beea redeeming the checks of the Stuy- vesant at the Clearing House antil yesterday, when we sent out notices through the Ex- change, refusing to do so any longer, The Stuyvesant Bank, you know, does not belong to the Clearing House Association, and has to be repre- sented there by some other bank or else 1t would ve discredited,” “What do you suppose is the cause of the present trouble?” “They have very probably been owing a good deal of BORROWED MONEY for some time. Our bank has always required them to keep a large spectal deposit with us, and for sev- erai months we have held a great portion of their bills discounted as collateral securities—in fact, the bulk of their assets. What the bank owes probably figures on its books as deposits, (There ‘was a complication here which, Mr. Warren said, it would take” too long to explain.) The reported assets of the hank are about $009,000, the greater part of which is held by us, All they owe us Is for to-day’s exchanges "’ Mr. Warren, in couclusion, sald that there was no apparent reason to suspect any dishonesty, and he thought the trouble resulted from bad management. THE STUYVASANT BANK LAST NIGHT. A reporter of the HERALD called at the Stuyvesant Bank, which is located in the white building at the corner of Astor place and Droadway, las: evening precisely at half-past eight o’clockk, He ran up four or five tron steps, and found the door Jocked firm and fast. A crowd of about a dozen persons was standing on the walk, some few of whom were excited and were talking about tneir money. Although the door was locked fast gas Nghts were burning in the bauk and a brilliant tila. Mination shone through the front window. The crowd gathered around the reporter and asked him for information whica be was at the moment endeavoring to obtain. One individual excitediy said to the reporter, “I’ve got $800 locked up in that apak, and I suppose I shail NEVER SBE A CENT of it again.’’ Afver knocking at the door of the bank for some few minutes @ step was heard and a head protruded from an iron door, which was opened, and a clerk, @ well dressed and good “looking young man, came to the door and asked What was wanted, Tne tary disasters fe expected iasi evening, The | ravaging | reporter desired to know if mere | was any trouble with the bank in any way, a3 he had heard rumors on the street that there was to be A SUSPENSION, or that there had been one, BANK CLERK—We have suspended this morning. REPORTER—What did you suspend for? Bank CLERK—The Manufacturers and Merchants’ Bank played usa dirty ¢rick. REPORTRR—How so? BANK CLERK—Why, this morning, at ten o'clock, they thréw out our checks, and at nalf-past ten we were forced to suspend payment. But we WILL BE ALL RIGHT to-morrow or in a few days. Ours is # sound bank and cannot be suspected for a moment. You will get your money in three days at the furthest. REPoRTER—I am glad to hear it, and 80 will be bundreds of other people. ‘The reporter as he came down stairs was Hterally besieged with the people, who wante to know what the pews was. It will be a lively day to-morrow at the Stuyvesant Bank. The capital was $200,000, and the officers are:—President, Davis Collamore, crockery man on Broadway; Cashier, Jonn Van Orden; Notary, Theodore Humbert, IDLE RUMORS, The suspension of the Stuyvesant Bank naturally created considerable gossip, and the names of other institutions were mentioned yesterday in financial circles as likely to follow its fate, We sent diligent reporters to all the banks thus impeached and ro- celved assurances "that the stories of trouple were pure fictions of the uneasy imagination of people who arealwars ready to borrow trouble on the smallest Collateral, THE WALL STREET HARK: TS. WALL STREET, THURSDAY, Och rapt P.M. On ‘Change to-day wheat was heavy and for some gradeslower. ‘The cotton market was better and strong. THE CRISIS ON THE STOCK BXCHANGE. ‘The derangement of the mouey market and stock values, arising out of the apprehensions excited.by the disaster at Chicago, was further illustrated to- day in the wide and sudden fluctuations in prices on the Stock xchange ana in the feverish and unsettled feeling of -the street. The monetary interest had been rendered so sensitive by the exciting events of the past few days, that the early serenity of the stock market this morning, derived from @ reliance in the potent influence of the anticipated Treasury cnrrency disbursements to-day, Was all atonce disturbed by arumor that A RIO? AT THE CITY HALL was likely to result from the gathering there of gangs of workmen who had come down from the up- per part of the city to demand the payment of their wages. This news, on reaching Wall strect, threw it into @ spasm of fear, especially as the heated imagination of the throng of speculative dealers | conured up the possibility of a popular tumult and | an attack by rioters on the banks. Asa Grst conse- quence prices began falling, and after a decline of about two per cent a quieter feeling ensued on a | supplementary report that the workmen had been addressed by the city authorities and had quiotly | dispersed. Indeed, the market made considerable effort at Improvement, and was gathering strength | when RUMORS OP HEAVY FAILURES | in the street were circulated in the Stock Board in | whispers, only to be repeated in louder tones In the brokers’ oMces, This started a fresh alarm, and hundreds of brokers skurricd into the Exchange to execute orders for the sale of stocks, @iec market gave way 4 second time, anda heavy decline ensued, prices going down by the run amid a sccue of extras ordinary confusion and excitement. So rand was the break that the stock — tele- graph was unable 19 keep up with tne changes in orice, and reeled them out only after & lapse of time which to those interested seemed an age. The crowd surged about tne gilded hall of the Stock Exehange like A SEA OF- MADMEN, over whose heads rang the hoarse shouts of fignres anS fractions, winle the rail separating the throng ; of operators was almost overieaped In the anxiety of | the speculators to communicate with vheir brokers. ‘the dozen pages on tne floor of the Raetinens. darteT like Mercuries through the masz, conveying messages anf orders; and a host of messcn- gers crushed in at the side door, voclferat- ing the names of brokers tor whom they had communications. Outside the strect presented ascene of fiying clerks racing from ofice to oflce and eager men accosting each bearer of news from within the Exchange. At length A CALM ENSUED, when the rumors of failures were not confirmed by the aunouncement of names or by the process of “sales under the rule.” In explanation of their origin it was subsequently stated that a number of heavy losers had effected guict settiements of their contracts, but without occasioning their insolvency, A more cheerful feeting fo0n began to pervade the murket, and prices steadily recovered a8 it becamo -kaown that the money market Was showing signs of relexation, The Sub-Treasury funds disbursed for the bonds bonght yesterday bean finding thelr way into the street, and as in a short time afterward the GooD NEWS ‘was told that Mr. the distress of the street as le sell only one milion of gold instead of two millions as ne had intended, thereby taxing tne resources of the banks so muca the leas, prices bonded up again, and the advance threatened to be as rapid as had been the The crowd wore smiling faces, and many heayy losers were tempted into buying, with a nope of retrieving their misfortane in THE ANTICIPATED RRACTION. The money market meantime had relaxed even toa greater extent than had been hoped for by the most sauguine “bull,” and a general bappy teeling prevailed. But ttis conaition of tmiags was not long-lived, The market gradually became heavy and slowly fell off \ a1 per cent again, and an 1 quiry for the cause reveale. reports of trouble | 8 among the banks. THE ALARM SPREAD. One prominent operator on the “vear” side, acting ina manner which drew down upon him the im- mediate censure and indignation of the conserva. tive brokers of the Board, took position on the side- wath as the crowd were fillag out of the clusing Exchange and offered to sell the shares of a leading bank on an _ op- tion of sixty days at a decline of eight per cent from the last market price. Several of his sympathizers stood by and omered bets that the bank ref.rfed to would fall within sixty days, The Names of certain 1ich speculators were also alleged to have been coupled with these prophecies of | failure. FEELING RAN $0 HIGH on this subject that “Duils” aad “bears’’ came near being juvolved im a personal altercation, and attea- tion was temporarily diverted from the market to the prospect of fisticuffs, The diMculty was set- tled, however, with the registration o! a lew bets for and against the failure of the institution whose soundness was impeached, and the crowd thinned defn into @ knot of men who declared that thy “pear” referred to liad acted in @ most injudicious manner, particuiarfy ag the ‘terthd pon Which he offered the stock betrayed that he was not possessed of any, but was essaying @ purely speculative sale. The excited group tu front of the Stock Exchange had their fears aroused anew by this scene, espe. claily as THE CROARERS drew on their imagination fur other failures besides that of the Stuyvesant Bank, The fear hecame panic, The crowd became franuc. In the dying light of day men’s faces were seen pallid with cou- sternation, Im the pressure of sales stocks were uried at buyers before they had fairly enunciated their. bids, The dealings were prolonged after nightfall, when memoranda of transactions had to be written down as best they could be in the uncertaim light of the gas lamps, It was only when the exhausted energies of the brokers failed them of further effort that they @ropped away and lett the street to its repose. THE EXTREME FLUCTUATIONS. In the table below will be found the prices which were reached im the lowest stage of thedeciine. Jt Will be Observed that the final prices of the evening, quoted: at the end of the stock sales, show a raiy Srom the Jowest er resuil due wo Lie edorta of \ VSS Lenn 6's, WOW ee on OCTOBER 1 Boutwell so far sympathized with | deciine, | 1871. -TRIPLE the “buils,” who came to the rescue and changed the current of the market at thé Ii New York Central consolidated . New York Central scrip Harlem. ’ THE MONEY MARKER. Money was stringent at the opening of business and antl two o'clock, borrowers paying from seven per cent, gold, to seven and three-eightns per cent. | After two o'clock the rate decHned to six per cont, ee neeees SHEET. 10000 N ¥ C AH RR cts 100 do ‘ OOo. i i iT We Ff 10000 Un P 7" do. 's, 1b, — ga gre citer} = RESEPEEPSES = if ps and at the close of banking hours large balances were offered at four per cent, Foreign exchange was weak and nominal, rates being unsetticd py the demand for cash gold. Prime sterlivg was quo!ed 103 a 10844 for sixty-day bills and 109 a 10924 for sight, GOVERNMENTS LOWER. ‘The government list declined witn the early strin- gency 10 money, and sales of 1867's occurred at 111%. ‘fhe market raiied after threo o'clock, with the easter feeling in money, but in the closing de- Pression of the street market the 1867's again went Off to 112, after an intermediate recovery to 1125. GOLD sTRONa—114 a 114%, The goid market opened at a decline to 1, in consequence of the disappointment of the Gold Room at the mon-advancement of the Bank of Eng- land rate 0! discount; waich remains at five per cent, as adopted last Saturday. Subsequently tie mar- 4 ket strengthened on the exhibit of a continued large short lutere:t, and eventually rose to 114% on the limitation of the government gold sale to one million, or only haif the amount advertised to be sold, but recedcd to 1143f and closed at 114% a 114%. ‘The fuctuations of the day are shown in the In the goid loan market the rates ranged trom | Dat to 2-16 for bo.rowing. ‘The operations of the | Gola Exchange Bank were as follows:—~ | Gold cleared Gold balances, Currency bala oe THE GOVERNMENT SALE OF GOLD The goveroment ot to sell gold elicited pro- posais for only $2,140,000, and the prices bid ranged from 113,373g to 114.40, The amount sold was limited to one mitifon, and the prices ovtained ranged from | 114,40 to 114.08, CLOSING PRICES O¥ GOVERNYENTS. The following were the prices ot government bonds when the stree; market for these securities close, which was at an early hour in the after+ oon as compared with the time to which dealings in stocks were prolonged. Tue 67's are “out of line” with other quotations, because we have given the fizures made for them at a late hour, when they were dealt in exclusively:—United States currency | sixes, 1104 a 11034; do. do., 1881, registered, 11435 @ 116%; do. do., coupon, 11534 @ 116; do, five-twenties, registered, May and November, 109.4 @ 110; do. do, 1862, coupon, a0., 113% @ 11444; do, do., 1864, io, d0., 11547 2114; do. do., 1865, do. do. 114 & 11444; do. do., registered, January and July, 1124 @ 11234; do, do., 1865, coupon, do., 11224 a 11243; do, do., 1867, do. do., 112 a+ 1121¢; do, do,, 1863, do. d0., W254 @ 11274; do, ten-forties, registered, 10734 a 103; do, do., coupon, 108 '5 a 109, SOUTHERN SECURITIES WEAK AND LOWER. The Southern State bonds were weak in the South Carolina new issues, which fell tu 443;, and prices | outside of tie Tennessees, witch were weil sup- , Pored and steady, were lower 3; 1 per cent for . $65, 007, pe 2, 080), 208 most of the Ist. The followmg were the latest accessible quotations:—TenneSace, ex-cou- pon, 66 a 66%; do, new, 6614 a 65%; Virginia, ex-coupon, 59 a 62; do, new, 66 a 70; do, Tegistered stock, oli, 59 a 52; a0. consols, 62 a 63; Georgia sixes, $0 a 84; Georgia sevens, 91 a 92; bervarng Carolina, ex-couron, 40 4 42; do, funding, | 1806, 82 @ 34; do. do, 1863, 27 @ 307 do. new, 22 a 24; do, special tax, M4 a 17; | Missouri sixes, 06 a 05; do. issue Hannihal | and St. Joseph, #3 a 95; Louisiana sixes, old, 67 a 7); do. now, 69 a 63; do. levee sixes, 65 a 70; do. { do. eights, 80 @ 85; do, Penitentiary soveas, 67 a Sagese E3825 ot STREET QUOTATIONS. Quarter to Six o’Clock P. M. Western 88 a 8 Pacive Mail. “ss wWya wis NYCencon,.. 83 bg Cer hy a be 264 Reaain; . 102 ke Shore... 12 Umoa Pacitic.. “4 . ‘s Col,C&Iniveo liga 3 INSURANCE COMPANIES. Great Excitement Among the Managérs—The Liverpeol ani London Loses $2,509,000 at Chicago—Many Associations Will Pay All Rirks at Ones ‘Lhe agitation and apparent nervonsiess of presi- dents and masagers of Ore insurance companies, consequent upon the fearful losses incurred by most of thetr offices from the terrible calamity that has befallen the city of Chicago, can be easily observed. Probably never in ine history of the fire insurance business has there been such @ crisis, ant bearing in its course destruction so certain and unavoniable. As & matter of course some of the offices must suc- cumb under the great pressure that will fol- low, but which these will be is a@ subject of anxiety to sbarehoiders in general, Alarming developments may he presented in the course of a few hours in relation to this branch of trade; 1D- dced we cannot under these trying carcumstances be surprised at anything tnat to-day may bring forth, Below we present evidences of anx.ety we have referred to, LIVERPOOL AND LONDON INSURANCE COMPANY, The Election Returas Give a Government Mae jority, with a Fractional Minor- ity for Bonapartism. M. Casimir Pereira Takes tho Portfolio of tho Interior—Consular Accounts in New York and Alleged Frauds by a Former Official. TELEGRAM TO THE NEW YORX WEALD Paris, Oct. 12, 1871. ‘The ballot rewurns of the voting for members to the Conceils-Genereaux have been canvassed and the official totals may be regarded as compiete. The figures show thata majority of the members are supporters of the present administration apd friendly to the President, A FRACTION FOR THE FALLEN DYNASTY, About one-ninth of the members returned at the elections are Bonapartists, either strictly for restora- tion or in personal sympathy with the ex-Emperor and his name, AN AGED STATESMAN IN OFFICE, Casimir Perelre will succeed the late Lambrecht Jn the Department of the Ministry of the Interior. CONSULAR CONTRACTS IN NEW YORK AND THE CON- SB QUENCES. ‘The case of M. Victor Place, formerly French Con- sul at New York, charged with fraul in the pur- chase of arms during the late war, came up for hear ing yesterday, Mr. Place denied any partictpation in the frauds charged, and stated that he was not personally tn- terested in the transactions out of which they arose, but acted simply as an agent and in good faith, Among the witnesses called on behalf of the govern- ment was M. Lecnesne, formerly President .of the Commission of Armanent. His testimony was adverse to the statement of M. Piace, Who was remanded for a further hearing. GERMANY. The International Customs Treaty Negotiations with France and Contradictory Reports of the Result. ‘Phe foilowing teicgram has been received by the New York agent of this company:— Our Chicago losses are probably ander $2,590,090, The directors in New York ate autho.tced io draw on London, YKES PELL, UNION, OF CALIFORNIA, NEW YORK, Uct. To THY EpIvoR OF THE NERALD:— Below you have a copy of a telegram just re. celved, Which please publish for the infere Your muny readers, and oblige, yours, respe SKEELS, BOWERS & BOUGHT General Agents, SAN FRANCISCO, Oct, 11, LETL. Continue to receive risks at rates 12, 1871, Union ail ngat, correspoudisug with those of other first class compa- nies, Wiicu wi!l you meet our adjnstor at Chicago? CHARLES D. HAVE Crear. AMERICAN INSURANCE COMPANY OF NEW JERSEY, New YorK, vc To Tue Epivor oF THE HERALD:— Unintennionatiy your issae of this morning place: this Company tn a false position belgre th at a time whes excitement rans high standing of companies doing husiness in New ¥ ork. ‘he Americay Insurance Company of New Jeraey are losers by the great Chicago fire to tie extent of $10,000, and their assets, after deducting ali labile Hes, are OVE $309,000, By publishing the above you will oblige res;ectfully, . B. CHASSEAUD, 5: Gi JHE LORTLLARD FIRR INSURA\ The Directors of the Lori lard Company, at 2 mecting heldtms day. omicers to notify their agent at Chicag: lesses as fast as adjusted, and reyylyed !o continue their business as usaal. The . TNE NORTH AMERICAN HIER INSURANCE COMPANY, EW YORK, Oct. 1), 187 CAN Lire IN: s Meeting of the boar! of Directors nel: of the company on ihe 10th of Octover it wi. Resolve}, That this company extend to tis yo\ley suffering by the re in Ctileago a credit on t er p 18 72; do, railroad exghts, 754 80; Alabama fives, 67 72; do. eighis, 100a 102; do. ratiroad eights, 92 a 95; South Carolina sixes, 70 a 75; do. new, January and July, 44445; do, new, April and Octoper, 43 45; Arkunsas sixes, 65 a 68; do. sevens, 69 a 62. RAILWAY EARNINGS, ‘The earnings of the Onio and Mississippi Ratiroad forthe month of September show an increase of $6,421 as compared with the corresponding month of last year. The earnings of the Toledo, Wabash and Western | Railroad for the first week ot October show au ta- crease of $31,589 as compared with the correspond- ing week in 1870, THE RAILROAD BONDS, The following were the bids for tho railroad | bonds:— | New York Cen 6" o&NW Istm. New York Cen | Long Dock, bor Had R's 3d am, 15. ! Harem 7s, let m. Mich Cen Ist m &s, Mich So 7 p ¢, 2d m Mica 8 a Ist? Quiney & Tol 2 Til & Souta Towa Lat Gal & Chic extended. 02 Mo. 29% Pac Ri guar by Chic, RA & Pacitie. Sentral, 5 wok wontslL'g Moris .& Kesox Union m bda. New serney Cen li Pe ton Pao ld rant ie Union Pac income 1 Ii Cen? Alton & | Aiton & Peo & W,W D | SALESAT TEE NEW YORK STIOK BACAANGE, Thnrsdny, Oc Oct. 12—10:15 A. Me #35000 US ts, "Hr ps i Sep abe “ioe O Te... 0. ar) nds 2m) Bowne dia VW Adams ex € W416 160 Am Mer Un By 0) 100 ei fo the aipovint of the premiaras tuat nay become te dari | the next yoar,{ for ane purpose Of ass pting them in kee; ! their poticie: Kesolved, mt tf company appropriate the sum of ¢ for the @ wers by the Jate fire in Cutcago, and the Finance Committees be empowered to act to tue distribution of this appropriation as they may see fit. U. C. MORGAN, Secretary, CIRCOLAR. Alger Bros, issue ine following: — Gn scecunt of the consternation weed in insurances circies we issue the following eee ~The Commercial U f London, with ansets of over $1; im of $65,000 “at rigie tn the entire city of ¢ nal. of Banzor, Me, with aasets of over 5514000, ina rat 1080 risk in Chk The Merchants’, of rrovidence, L., Wilh assets badd om'y, wy) at ‘ani the Glen's Falln or Glens Palle With asee.s o€ $971,123, had only $10,000 at risk in the IMPERIAL FIRE INSURANCE COM . New York, 12, 1871. Please correct the mistake made ia your paper this morning that our company had lost $00,000 im Chicago, Our losses will be from $150,000 to ik. the Jatter uvount. Yours ELL, Resident Manager. od W. OKO PACIFIC INSURANCE COMPANY, OF SAN PRANCISCO. The following telegram was received vesterday by” Charles A. Laten, agent of this company at Chicago, and subsequently transmitted to Frame, Hare & Go., New York:-— Pay up an go ahead. Seciee temporary beatquarters, Chicago or clsewhcre Wert. Notify agents iv contanue busi: ness with iimivess. Increase rates on jud'eious J. RALSTON, Viee EXCHANGE FIRE mache COMPANY. In yesterday's HERALD we stated that the Ex- change Fire Insurance hanes good had lost so Leh 4 by the late Chicago fire that they were closing the r books and transierring their policies. such hot being the case we take pleasure in stating that they did not have any risk im Chicago, their business being confined chiefly to New York and its vicinity, LOSSES OF PROVIDENCE COMPANIES. bie YN, Get, 12. 1871. The Insurance companies of Providence attected | bythe Chicago fire are;—The Wasinngton, Roger | Williams, Hope, Atlantic and American, Their con- | dition this aliernoon was as follows:—The Wasb- ington has insurances mere for $675,090), assets of $459,00. They admit they are runed. The American, calling their insurance there @ total loss, will use up their capital and sur- plus bere. Tie Hiope, on the same haaix, can pay Dinety cents on the dollar, The Au not so hopeful, The Atlantic and Washinton Ung poucies, Tne Roger Wiliams nave | directors’ ig, and, calling ther Chicazo m- su ance a total loss, feei contideat of paving in full and having a surplus, which they propos? 10 18- crease by additional capital, aud continue business, The Washington Wili scarcely reorganize. Of other | prominent insurance companies hero the Nary an. | sett had but $38,000 and the Merchan:s’ but Tbe Economical Mutual Lite had not a doliar vested In mortgage 1p Chicago, and makes no loss in any form there. SOLVENCY OF THE AXTNA INSURANCE CJMPANY, OF HARTFORD, ASD SUN, OF CLEVELAND, ALBANY, Oct. 1 The £tna tnsarance Company, of Martiord, and 140” 3000 28000 j vu t iid ' ] TOR) US 5-20 “6s. is 600 U BB's, currency. 110% we Waa il 08 sy } 1000 Tenn # tos : By te $8: $62 40 Io Cid p « AB * fs rH fee bron ts wi ol Hd fen poe 2h Will Germany Surrender Her Ho'd on the Soil of Francet—Austrian Imperiali-m Glancing Towards Berlin. TELEERAM TQ THE NEW YOAX HERALD. BERLIN, Oct. 12, 1971. Telegrams from London state tnat the London Echo newspaper publishes a report to the effect that M. Pouyer-tqueruer is on his way back to Versailles from Berlin with the Customs treaty duly ratifies and signed on behalf of the governments of France and Germany respectively. It is also reported that the German government bas given its consent to the entire evacuation ot French territory by the Emperor's troops, On the other han’, a despatch from Berlin says that M. Pouyer-Quertier Is offering concesstons to Germany in the treaty nezouations, for the purpose of securing the evacuation of six departments of France by the German soldiers. IMPERIAL COURTESY FROM AUSTRIA. ‘The report which was late:y prevalent m Coun ¢ircles here to the effect that fis Apostolic Mijesty the Emperor Francis Joseph of Austria would pay a visit to the Emperor William of Germany has been renewed, and is credited in political circies likely to be well informed on the subject. SPAIN. Progressist Uffort for National Uuion and Revised Potitical Platform, Recouciliation of the Native Leadevs-Awn deus’ Cause in Darger. TELEGRAM TO THE NEW Yda« HERALD. MADRID, Oct, 12, 1871, Amadeus’ cause, if not bis crown, is placed in & dipicult position by the growing tendency wwards national political union which is exhibited by the powerful party leaders of Spain. ‘The progressists are about tu reorganize tne party througbout Spain on a larger basts, so far as con- cert of action and party discipline are concerned. It is known that General Serrano and Seior Sa- gasta are now on the best of terms and ready to act in untson. It is stated also that there #s@ good understand. ing between Sagasta and Espartero with reference to the tendency of puvlic events and the direction of the popular cause, ENGLAND. Prussian Military Visit to the Queen at Balmoral. Decrease in the Bullion Supply—Tho Cotton Trade with America, TELEGRAM JO THE NEW YO3K HERALD. Lonpon, Oct, 12, 1871. PRUSBIAN MILITARY VISIT TO BALMORAL. Ficid Marshal von Blamenthal, of the staff ot Prince Frederick Willian of Prussia, has arrived at Balmoral on a visit to Queen Victoria, THE BULLION SUPPLY. ‘The weekly return of the Bank of England shows that the stock of bullion in the Vaules of the msutu- on has decreased £1,042,000 during tac period, THE COTTON SUPPLY. The steamship Abyssima from New York has landed 751 bales of cotton at Liverpool. THE CONVICT MURDERER, the Sun Insurance Company, of Cieveland, notily their agent here, that they are perfécily solvent. THE STATE ELEC! SIONS, omo. Repablican Gaius over Four Thousand=A Republican Majority of Eight on Joint Ballot iu the Legisinture. CINCINNATI, Oct, 12, 1871. In fifty-two counties on the Slate ticket the reported republican gain 1s 4,300, The Legisiature will probably stand—Senate, 13 democrats, 17 republicans; House, 56 repubiicans, 47 democrats, The Haniliton county Gelegation will stand—Sen- ee ts & ies % tit me Bs a Sig 1" oe By be a n* By a? 586 % 5 an 8 e ise Soono US Bz ob r 13% 30000 Udreecesecees iq ow US'6 Hig 1g Howe’ a. 10% 1s 1000 Ga ne, Hide “Ba U8, cg SS ane oClack P. $0 Tenn 6's, ola... = x 10 hs NY CAHK R., iw 0. © bo | ate, 1 republican, 2 democrats; House, 6 repabil- cans, 6 democrats, PENNSYLVANIA. Avcreasted Repabiican Majority in Philndet- ja—Keward Offered for the Arrest of the Murderer of Catto. PHILADELPHIA, Oct. 12, 1871, The oMclal returns show Stokeley’s majority to be 9,089; Stanton, 11,302; Mann, 2,007; Brown, for Coro- ner, 16,801. No disturbances occurred at the meeting, whicb 18 rather unusual. ‘The Sherif efere a reward of $,0C0 for the arrest of the marderer of Octaving Cattx The Chy Council will over an gaduignal reward at teu, meeting this afternvoms Approaching Excemion of Wilson, the More derer—Singular Provision of His Will, Harrrogp, Conn., Oct, 12, 1871. David Fently, alas James Wilson, will be banged to-morrow at the (lartford coauty jail for the murder of Warden Willard, of the Connecticnt State Prison. He wiil accept no spiritual advice except from Mr. Woodiog, Chaplam of the Stace Prison, and refuses (ue oMee of any crgy man in prayer on the scaotd, saying that when he ia through witn a bait tour's speech, which he pur- poses to make, he will pray himself if le is moved to du 80. He professes to have no dread of death, He made bis’ wilt to-day, beyueatiiing his ody to the Medteal College in New Hiaven, provided the college shal contribute a sufficient sum ol money to bring before the Legis- lature three buls, the provisioas of which are:— Virst—That po oficer in the Connecticut State Prison shath be permitted to sirtke a convict, unless in self-defence, under a penalty of four mouths’ im- precament in ‘ail. Second—That the shower wath, the cat-o’-nine tails, &c., shall be abolished, and only the sonar ceil punishment be retatnet; aud nog celis shai have a wood covering on (he stone foo Thi¥d—That the directors of the ‘prison ae Make stated visits to the prisoners fee them — separately, srithous apy officer ot the prison being and the, dirge- tors shail submit to mtne General sembly a detailed statement, giving the items of its prison accounts. In case the College shall refuse to conlorm 1o these provistons, thea his body 18 ta be buried by his executors, paatietichir a YELLOW FEVER IN CHARLESTON. Cuanieston, S.C., Ook 12, 157h There wore five seats from yellow fever dung he Lash (wenty-/oul hours