The New York Herald Newspaper, October 31, 1873, Page 7

‘ * York; aa a ee aa a Teme THE MERCANTICE MARINE. Herald Special Report from London. An American Ship Puts Back After Being on Fire. Arrivals at and Departures from European Ports. TELEGRAM TO THE KEW YORK HERALD. The following special despatch to the Hznanp ‘has been received from our correspondent in ithe English metropolis, giving a list of the “vessels which have arrived at and sailed from European ports: — Lonpon, Oct. 30, 1873, FIRE ON BOARD AN AMERICAN SHIP. The American ship Ida Lily, Captain Wil- liams, from Rotterdam for the United States, in ballast, put back to Rotterdam to-day to repair damages sustained by being on fire, which was not extinguished until much damage was done to the ship. VESSELS ARRIVED. Arrived at Liverpool, October 29, steamship Italy (British), Thompson, from New York. Arrived at Moville, October 80, steamship Australia (British), Hedderwick, from New York for Glasgow. Arrived at Gravesend, October 29, bark ‘Governor Troop, Lakeman, from Charleston. Arrived at Belfast, October 29, bark Bertha, (German), Schulz, from Philadelphia, Arrived at Falmouth, October 29, ship Ocean Phantom (British), Webster, from Pensacola. Arrived at Queenstown, October 29, barks Due Oecile (Italian), Schaffino, from New 80th, Antonietta Borzone (Italian), Buggiero, and Unico (Italian), Degregori, from do, VESSELS SAILED. Sailed from Liverpool, October 29, ship Emily Flinn (British), for Savannah; also the Adept nnd Graf Solms, for do.; 30th, steamship Ab- botsford (British), Delamotte, for Philadel- phia; ship 8. Vaughn (British), Shaw, for New Orleans, Sailed from Plymouth, October 29, Eastern Btar, for Pensacola. Sailed from Shields, October 29, the Berkley Castle, for Pensacola. ENGLAND. - An Operation in Erie Railway Shares and a Failure—The Bank Rate of Dis- count Unchanged. TELEGRAM TO THE NEW YORK HERALD, Lonpon, Oct. 80, 1873. ‘The failare of a house which has been dealing in Erle Railway shares is announced. The Pall Mall Gazette, alluding to the occurence in its financial article, says:—“The house lately recetved an order from Jay Gould to seli 50,000 shares of Erie stock, nd tum the contract personally as buyers.’’ DISCOUNT. At a quarter-past twelve o’clock P. M. to-day the Bank of England Directors posted their card an- mouncing that no change in the rate of discount had been made. BULLION. ‘The bullion in the Bank of England has increased £16,000 during the past week. The amount withdrawn from the Bank on balance to-day Is £10,000. SPAIN. The Late Fatality in the Insurgent Navy. TELEGRAM TO THE NEW YORK HERALD, Mapnip, Oct. 30, 1873, It has been definitely ascertained that sixty-six fives were lost by the sinking of the Intransigente “war vessel Fernando el Catolico. AUSTRIA. The Empress Seriously Il. TELEGRAM TO THE KEW YORK HERALD. Vienna, Oct. 80, 1878, The Empress of Austria is tll and ber condition is Such as to cause alarm. (Her Majesty the Empress Elizabeth of Austria is tm the thirty-aixth year of her age. She was mar- Tied to the Emperor Francis Joseph on the 2th of April, 1854, and has borne him three children—Ep. GERALD.) INDIA. a Provincial Distress and Approach of Famine. TELEGRAM TO THE NEW YORK HERALD. Ca1cutTa, Oct. 80, 1873. Advices from all parts of the province of Bengal -ghow that the crops are falling and that the im- spending famine cannot be averted. CUBA. Havana Exchange. TELEGRAM TO THE NEW YORK HERALD. HAVANA, Oct. 80, 1873. Exchange quict. On the United States, sixty days, currency, 64 a 56 per cent premium; do. short sight do., 67 & 69 per cent premium; do. sixty days, gold, 68 & 60 per cent premium ; do. short sight, do., 57 @ 68 per cent premium. , On London, 82 a 83 per cent premium. On Parts, 60 per cent premium. PENNSYLVANIA IST! CONSTITUTIONAL CON- ENTION, PHILADELPHIA, Oct, 30, 1873. The City Councils of this city aida very graceful thing this afternoon. Since January last the Pennsyivania Constitutional Convention has been Jn session to revise and amend the old State con- stitution, The Convention itself will become an \mportant {tem of history, and anything calculated to commemorate it will of course be in futuro of no little § vaine, The city authorities this afternoon, by a unanimous ‘vote, presented each member of the body with ‘the chair and desk which he hias occupied during the session of the Vonvention. The members of the Convention are still in meeting, and hope be- fore morning to finish their arduous work, At the meeting of the members of the Conven- ‘tion to-night the following gentlemen were selected as comm! ners to conduct the election on the tate constitution, on the second Tuesday of De- mber John P, verree, Kdwin H. Filler, John 0, james and H, 8, Hagert—two republicans and two eomocrats, NEW YORK HERALD, FRIDAY, OCTOBER 31, 1873—TRIPLE SHEET. FRANCE. Count de Chambord Manifesto of Crown Prin- ciple and Monarchical Bight. “A Great Work to Accomplish” and “Ready to Undertake It at Any Moment’—The Mission of Authority and the “Necessary Pilot.” TELECRAMS TO THE NEW YORK HERALD. Panis, Oct, 80, 1873, The Count de Chambord haa written @ letter to M. de Ohesnelong, one of the delegation from the French Right, which recently waited on him. Count de Chambord says misapprehensions have arisen tending to obscure his policy, which is as clear as day. He owes the whole truth to the country. He is asked to sacrifice his honor. He emphatically declares that he retracta nothing, curtails nothing of his previous declarations. The claims of yesterday foreshadow what would be ex- acted to-morrow. He cannot inaugurate a strong reign by an act of weakness. He energetically refuses to relinquish the “white flag.” He indignantly repels the insinuations that he mis- trusts the valor of the soldiers. On the contrary, he seeks to confide to them all he holds dear. He ignores none of the country’s giories, and con- tinues thus:—“We have @ great work to accom- plish, which Iam ready to undertake any mo- ment, This is why I wish to romain entirely as Iam. Were I enfeebled to-day I would be pow- erless to-morrow. The tssue at stake ts the re- construction of society and the energetic imsur- ance of law, order and prosperity. Especially should we not fear to employ force in the service of order and justice. Conditions and guarantees are spoken of, Were any required by the Count of Paris, who came to me spontaneously at the dictates of patriotism? I preserved intact our traditions and liberties, and have the right to reckon on equal confidence.” The letter concludes as follows :—'My personality is nothing; principle is everything. France will see an end to her troubles when she understands this. Iam the necessary pilot—alone capable of guiding her into port—because I have the mission of authority. France cannot perish, because Christ still loves her.” THE ROYALIST CHIEF OBSTINATE IN HIS OPINION. M. de Chesnelong received the letter of the Count de Uhambord on Sunday last. He immediately returned it to the Count, and wrote to him repeatedly, urging him to modify it, but without avail, The Count insisted on its pub- lication verbatim, The Monarchist Manifesto Pronounced a Failure—Republican Jubilation. PARIS, Oct. 30, 1873. A meeting of the Royalist Committee was held to-day, at which MM. Decazes, d’Audiffrer, de Larcy and de Chesnelong were present, A telegraphic despatch was received from the Count de Chambord, requesting that his letter to M. de Chesneiong be published in full. All agreed that the letter was fatal to the hopes of the monarchial coalition. The republicans are jubilant. A meeting of the Deputies of the Left Centre was held this evening, M. Leon Say presiding. A resolution was adopted declaring that the time had arrived tor giving up the provisional state and organizing the conservative republic. President MacMahon to the Army. Panis, Oct. 30, 1378. President MacMahon has issued an order of the day to the army, in which he allades with severity to the insubordinave conduct of General Balla- marre, and appeals to the patriotism of the sol- diers “to maintain discipline and support the laws.” CONSPIRACY AGAINET THE PRESIDENTS DOMESTIC "RACE. The Gazette des Tribunaux reports that a secret society at Autun haa formed a plot to seize the niece of President MacMahon and hold her asa hostage. The Gazeite adds that several arrests have been made of parties implicated in the con- spiracy. Specie in Flow to the Bank. Parts, Oct. 30, 1873. The specte in the Bank of France has increased 3,000,000 francs during the past week. Frenoh Officers Ordered from Furlough. Lonpon, Oct, 31—5 A. M. A special despatch from Brussels to the Datly Telegraph says all the French officers who were there on furlough have left for France, under or- ders to rejoin their regiments. MARSHAL BAZAINE. Court Martial Testimony Against the French Commander—A Female Courier Complimented. TELEGRAM TO THE NEW YORK HERALD. Panis, Oct, 30, 1873, During the progress of the Bazaine court martial to-day Mayor Lagosse deposed that Genera! Ducrot entrusted him with @ despatch for Marshal Ba- gaine, stating that MacMahon, with 120,000 men, would arrive at Stenay on August 27, and request- ing Bazaine to march as soon as he heard the first cannon. Upon the arrival of Lagosse at Thionville General Turnier, commandant of the town, made three copies of the despatch and promised to forward them to Metz. A GENBRAL CONFUSED. General Turnier was next called. He vetrayed Much contusion of mind while giving his testi- mony. He said he had no recollection of the par- ticular despatch spoken of by the last witness, but believed he forwarded it. He did not know whether it reached Metz. He remembered for- warding copies of a despatch from MacMahon to Bazaine on the 27th of August by three messen- gers. Two oi these messengers he knew reached Bazaine’s headquarters, and one of them was Fla- haut, who was examined yesterday, COMPLIMENT TO A FRMALR COURIER. A woman named Imbert testified that she car- ried three despatches from Metz to Thionville on the 21st of August. The President of the Court complimented the Last evening was devoted, at Clinton Hall, to the sale of a portion of the beautiful art furniture be- longing to the late Le Grand Lockwood. The seeond and final evening's sale will take place to- night, at the Art Gallery, No. 817 Broadway. About twenty desirable oil paintings were brought to this country by Mr. Barney Williams upon the oc- casion of his recent return hither. Among them are “The Sheepfold,” by Verboeckhoyen; “Examen,” by C. Gugheiah; “Fille de Chambre,” by Caraud; “Reading the Bible’ and “Street Musi g. L. De Koningh; “Card Players,” b; OW Went, “Flower Vender,”’ by R. De Dauw; “Wine Testing,” by Gerard; “Poultry Yard,” by B, Maes; “Card by Boaic; “Worshipping the Cross,” b; ‘Girl at the Spinning Wheei,’’ by Gerard; ndwich,”’ by Daurtae, and “ucks,! by Van Schendel. There are also two fine specimens of statuary, representing “Susannah” and “Ruth,” and a head, in marble, of Pope Pius LX. Several good pictures have just been placed on exhibition by Mr. Sherk, No. 4365 Fulton street, Brooklyn, Among them are contributions by F. A. Bridgmal portrait by Jensen and some in- teriors by Hacger. One of the most noticeable is No. 101, by the last-mentioned artist. lt repre- sents the council chamber in the Palace of Justice, at Brigge, containing the wonderful mantelpiece erected by Charles V. in commemoration of the battle of Pavia, fought in 1525, wherein Francis L of France was taken isoner. The omy figures introduced are those of Charles V,, te Milian and his wife, Maria of Ba and Charies the Bold and Margaret of Yo @x- hibition, which {s small and very anpretentions, ‘Will remain on view for two or three weeks, _A DIRECTORS’ TRAIN SMASHED. The President and Engineers of the Chicago and Northwestern Railroad Narrowly Escape Death—The lowa Di- vision Superintendent Killed. Cxpar Rarrps, lowa, Oct. 30, 1873. ‘The following are the circumstances of the accl- dent on the Chicago ana Northwestern Railroad near here this morning, by which John B. Watkins, Superintendent of the lowa division, was almost instantly killed :— ‘The regular Pacific express train from the West, due here at five A. M., had attached to it the Gen- eral Superintendent's car, in which were Albert Keep, President of the road; James Howe, General Manager ; Marvin Hughitt, General Superintendent; John B, Watkins, Superintendent of the lowa divi- sion; M. Johnson, Chief Engineer; W. Ferry, Direc- tor and Horace Williams, Presiaent of the Chicago, Iowa and Nebraska Railroad Company, who were on @ tour of inspection over the road. When the train arrived at a point three miles west of this city the engine broke down and the engineer stopped the train so as to disconnect one side of the engine. Immediately upon stopping he seut & breakman ap the track with a lantern, it being quite dark, to signal freight train No. 14, which was about ten minotes behind the passenger train; but the former soon came thundering around the curve, about a quarter of a mile back of where the express stood. The engineer, seeing the danger ahead, at once reversed his engine, but, being on & down grade, the wheels slid Wane the track, throwing out @ biaze of light all the way down, until tt reached the passenger train which it struck with such force as to drive the coaches about 200 fee along the track vefore they stopped, The freight engine was a total wreck. ‘The tender and first freight car were com- pletely telescoped. The engineer jumped off just fure the collision and escaped unhurt. The fire- man stayed on the engine and was thrown toto the tender, narrowly escaping with his life. Mr, Watkins, bearing the freight train approach, imped from his sleeping berth, and, calling upon ir. Keef and others to follow him, opened the door, and, while standing on the third step of the front platform of the direc- ters’ car, the engine struck it, the plat- form breaking to pieces. Mr. Watkins was crushed between the Pullman and directors’ car, the tron railing striking him just above the hips, cutting his left teg nearly off just below the trunk and lorcing out his bowels. He lived about twenty minutes and was conscious almost to the last. He could not be extricated from his fearful posi- tion and breathed his last, pinioned between tne two cars. Mr. Keep had a very narrow escape. He followed Mr. Watkins on to the platform and ‘was thrown witn great force through the door of the Pullman car, receiving many injuries in dif- ferent pa of his body. The rest of tne party escaped unhurt. WEATHER REPORT. WaR DEPARTMENT, OFFICE OF THE CHIEF SIGNAL OFFICER, WasHinarton, D. C., Oct. 31—1 A. M. Probabilities. The storm centre over the lake region will probably move eastward over the lower lakes on Friday. For the Western Guif States, southerly winds, shifting to cold northerly. For the Southern States northwesterly winds and somewhat lower temperature, with clear weather. For THR MIDDLE STATES NORTHEAST TO soUTH- EAST WINDS, INCREASING CLOUDINESS, AND, POS- SIBLY, LIGHT RAIN OR SNOW. For New England, southeasterly winds, witn threatening weather. For the lower lake region southeasterly winds, veering to southwest, and possibly northwest, with falling temperature, cloudy and snowy weather. For the upper lakes rising temperature, inereas- ing northwest winds, cold, cloudy and clearing weather, For the Northwest clear, cold weather, with di- minishing winds. Cautionary signals continue at Oswego, Roches- ter, Buffalo, Erte, Cleveland, Toledo, Detroit, Al- pina, Grand Haven, Chicago, Milwaukee, Esca- naba, Marquetta and vuluth. The Weather in This City Yesterday. The following record will show the changesin the temperature for the past twenty-four hours in comparison with the corresponding day of last year, as indicated by the thermometer at Hudnut’s Pharmacy, HERALD Building :— 1872. 1873. 1872. 1873. - 53 44 Average temperature yesterday Average temperature for corresponding date iast yea sees RETUEN OF “OLD PROBABILITIES.” WasHINGTON, Oct. 30, 1873, General Myer, Chief Signal Officer of the Army, has returned to Washington from Europe, where he has been in attendance at the Meteorological Congress convened at Vienna, and is already very busily engaged in the preparation fof his annual report. He was on the Atlantic in the great storm of the 24th inst., and expresses himself as having had a pleasant opportunity of studying its phases. THE VIRGINIA CAMPAIGN. A Letter from Elbert Fowler on the Hughes-Clarkson Scandal. RicuMonp, Va., Oct. 30, 1873, In reply to a note addressed to Mr. Elbert Fowler, in relation to the published charges that Colonel! R. W. Hughes, the republican candidate for Gover- nor, was the bearer to him of a challenge from John N. Clarkson, the HERALD correspondent, has received the following :— MovrH oF INDIAN, W. Va., Oct. 26, 1873. Dear Sik—Your favor of the 21st to hand. Ihave | seen the article in the Nsw YORK HERALD, to which you allude, and itis in the main correct. Of course, such things are unpleasant to men of education and refinement; but having myself given it to the Publis, it became public property, and I feel that have no right to ones to its use in the present canvass in Virginia. Whatever others may think of | my conduct in that affair, I feel satisfied that [ acted in the right. Had I not fortunately received an education abroad, where I became a spectator | ol my countrymen and their conduct, I might haye | compar enough Of false pride to have forced me into «the acceptance of @ savage wager to | fight under the ‘code’ of—snall say | dishoner’ It is a false notion, and | glad that public sentiment in the South, which | so long upheld this uncivilized and barbarous cus- tom, now trowns it down. It now marks the biackleg and gamester, the ‘uncultivated parvenu | and brntal Spaniard. Still, | can concetve of cir- cumstances 80 sapere that [ would feel my- self forced to walve my objections and go upon the field ; but in the cyse of Colonel Clarkson no such | state of affairs existed. Iwas young, and, in the absence of my friend: acted for myself, and my conscience has sustained me. As to | Mr. Hughes’ connection with the affair there | is no doubt of it, When he delivered | Ciarkson’s first note, be said it was only a pre- liminary, and to send my friend to communicate with him and ho the terms of the meeting at his rooms at the Virginia House, Goodson, Said he, ‘We are here upon the border and I wish the meeting to take place in the morning, tf poet ble.” This was in my office. When the challenge was delivered, it was open; he talked freely of it, and carried it noaae Virginia House in Goodson to Blackley’s’ office in the Neckels House, Bristol. He opened it and read my reply, and said they would have to charge their course. You Lp Ay his if you wish. Assert itas fact, and if denied you can have my own and Mr. Blackley’s aMdavit. Hughes knows this well, and the excuse put forth by his iriend is simply false. Very truly, your friend, ~ ELBERT FOWLER, PHILADELPHIA RAILROAD DIFFICULTIES; PHILADELPHIA, Pa., Oct. 30, 1873, For ten days past there have been rumors of | differences in the management of the Pennsyl- vania Railroad Company, and to-day the report was received with some degree of credit. Mr. Thompson, president of the company, authorizes the statement to be made that the rumors are en- tirely unfounded, and that the chief officers of the road, and its direction generally, are acting in entire accord and harmony, and have been doing 8 Without any interruption whatev At @ meeting of the City Coanctis afternoon the subjectin regard to the invei pe of the accounts of the Philadelphia and Erie Ratlroad Company was imdetinitely postponed. This ends the subject, whicn has been peop are for nine months. Common Coufotiman ly presented & resolution setting forth that at a recent meeting of the Railroad Committee one Kennedy had in- sinvated there had been an attempt made to blackmail the company, And asked for @ commit. tee of investigation, Which was agreed to. Some interesting developments will, doubtless, result, A WOMAN sor AT AVO0A, WN. Y. Exuina, N, Y., Oct. 30, 1873. Awoman by the name of Arnold was shot this Morning at Avoca, in Steuben county, by some unknown person. Three shots were fired, two of | Cash om hand...,.... ‘ Which took offect, Sight hopes are entertained eaeel ore No clew has yet been found to the Perpetrator of the deed. ’ SPRAGUE & CO. The Great Manufacturing Finan- ciers Continue Business. Effect of the Failure of the New York House. RELIEF YET. Pee ae NO The Committee of Investigation to Report To-Day. Political and Rival Inter- ests at Work. Provipence, R, L., Oct. 30, 1873, The financial situation here to-day assumed rather @ changed and alarming aspect upon the receipt of telegraphic news of the failure of Hoyt, Spragues & Co., the New York agents of A. & W. Sprague, and the fears and excitement of yester- day, which were in a large measure allayed by the encouraging reports and the action of the mer- chants and bankers, have been revived and greatly augmented. Bulletins containing news of the New York failure were posted up at the newspaper offices and eagerly read by thousands of persons who thronged the streets, and tue real dauger of the situation became apparent, going far also to substantiate and prove the first pub- lished reports, then deemed by some of the Sprague adherents as being without foundation. ‘The importance and necessity of prompt and ener- getic action to save A. & W. Sprague was fully realised, and steps have been taken to that end. The committee appointed by the Governor to examine into tne condition of the Franklin Institu- tion for Savings and the Cranston Savings Bank are (yrus Harris, Jesse K. Metcalf and William B. Green for the Franklin, and Edward Pearce, Wil- liam Whitaker and Alexander Farnum for the Cranston, These appointments, an evening paper says, are exceedingly judicious, The names of these gentlemen are a guarantee that the investi- gation will be thorough and the report will com- mand the public confidence. fWO SPRAGUR SAVINGS BANKS SUSPENDED. The first result of the New York failure mant- fested was the stopping payment by the Cranston Institution for Savings, one of the Sprague estab- lishments, which was examined by the Commis- sioners, and the Franklin Institution for Savings, also controlled by the Spragues, soon followed by temporary stoppage. A. AND W. SPRAGUE. ‘The bankers and merchants met again this noon, according to adjournment, to hear the report of the committee of investigation into the affairs of A. & W. Sprague, but the committee stated they were unable to report at present, and requested further time, and they were therefere granted un- til to-morrow, at noon, to finish their investigation. ‘The apparently sudden and unexpected failures put off promised relief measures for the present, and caused, it must be confessed, renewed uneasiness and lack of confidence. The meeting, without tak- ing furtner action, adjourned until to-morrow, The newspaper organ of the Spragues here, which concealed the knowledge of the threatened suspension until actually forced to say something by the universal talk in the city and the wide- spread press despatches abroad, at last reluc- tantly comes out to-day with news of the finan- cial embarrassment, and confesses that the corroboration of the reported failure of Hoyts, Sprague & Co., causes an uneasy feeling. This paper says it is particularly unfortunate that they (A. & W. Sprague) should have found themselves so exhausted at a time when such a financial panic should have seized the market, HOPEFUL VIEWS. This forenoon I called at the office of A, & W. Sprague to learn, if possible, what effect the New York failure had upon them and was informed that they have not suspended, notwithstanding the failure of their New York house. I obtained the following statement, which looks somewhat en- couraging, though the uncertain state of affairs hardly warrants any very hopeful anticipation. The committee of investigation into the A, & W. Sprague Manufacturing Company, ap- pointed by the representatives of all the banks in this city, will be prepared at the meeting to be held to-morrow at noor to make a report which cannot fail to be highly satisfactory to the credi- tors of the company and also of Hoyt, Spragues & co. The surplus of available property at a low valuation over all outstanding liabilities, tnclud- ing Mabilities upon the acceptances of Hoyt, Spragues & Co., will not be less than $11,000,000, | Aplan will be proposed at the meeting, accom- panied by a detatled report of the situation of the firm, which wil, ifcarried out, itis believed, ren- der the embarrassments of A. & W. Sprague and Hoyt, Spragues & Co,, of bat temporary duration. The local journals, with a view of restoring | confidence in the community, contain articles this evening seeking to convince the people of the needlessness of any rum upon the savings banks. NEWSPAPER CONFIDENCE. An evening paper thus assuringly speaks upon this matter:. There ts no need of any alarm, leaving out of the question the two savings banks that are under in- vesugation by order of the Governor, and that are now receiving no deposits. The deposits in the savings banks and the national banks of our State are 4 great aeal saier than they would be kept in private hands. Our sa banks are managed not only honestly, but with great business shrew d- ness. Taking the depositors of the State as a body, the best fing they can do is to rest in the assur- ance that their money is safe. It is safe, if we look at the other savings institutions of the city, It is true. if we look at the important and thriving villages of the state. Rhode Island is rich; her monetary institutions, with barely an exception, have been well man- aged. They are sound. far from there bel! any necessity for a panicor alarm on the part 0! those who have deposits in our banks, the truth is they are quite as sare to-day that they will get their Money when they want it as they were the day they deposited it, The excitement materially diminished towards evening upon the reported hopeful expectations of the committee, and the friends of the depressed firm are now anxiously awaiting the developments of to-morrow, NOT GREATLY APPRCTED BY THE NEW YORK FAILURE. This evening I nad an interview with Mr. George F. Wilson, @ member of the committee of investi- gation, who saye that the committee are diligently pursuing their investigations, and feel confident that they will report favorably to-morrow. Rela- tive to the inquiry as to whether the New York failure would produce the suspension of A. & W. Sprague, he emphaticaily said “no; and if any firm is solvent to-day beyond any liability to fail itis 4. & W. Sprague. An interview was also obtained with A. B. Dike, Vice President of the Franklin Institution for Savings. He says, relative to the savings bank, that in the event of the Spragues not paying any- thing on their paper, the loss to depositors will not be more than twenty per cent, or may not exceed twelve, Mr. Green, the Commissioner for the Franklin Savings Bank, appointed by the Governor, has concluded his examination and reported. The Cranston Committee hi also finished, but no copies of the report can be had to-night from them, as they must first present it to the Governor, who is temporarily absen& Mr. Green’s report about the Franklin is as follows :— ‘The ltabfiities "42,810,000; adi are , ncludin 685,000 deposits and $50,000 ine” eae cen ASSETS, Real entatecfonu and’ corigans. Dratt of A.'& W. Tm sea Notes considered 1,500,000 750,000 07,500 25,000 TOUMl oss esciesceesescacesenvenseesneesssoh2y849,600 | Mad ‘This showing is ratheg favorable for the banka, “ goes to confirm the statement made by Mr. 0. An investigation by your reporter into the in- Btitutions controlled by A. & W. Sprague @licited the following facts:—The Messrs. Sprague controp the Perkins Street Iron Company, Comstock Foundry, Union Railroad Company, Rhode Island Horse Shoe Company, Sprague Mowing Machine Company, Union Flax Company, besides having large interest in the Providence and New York Steamship Company. From an official statement by the latter company, which is the Sound trans- portation line, it is shown that the Spragues, though large stockholders in the company, noid but a minority of the shares, ana the company is not embarrassed by the crisis. The company have eight steamers, the total property being valued at $1,000,000, and 500 persons are employed. The company’s statement proves false the report teie- raped to Boston this morning, that the Spragues held a majority of the shares and the company are embarrassed. Mr. William Sprague is presi- dent of the company by virtue of large interest. The Union Railroad Company, of which Amasa Sprague 18 President, and which is also controlled by the Messrs. Spragues, have a monopoly of the streets, and run about one hun- dred cars, have horses and employ 300 men, The compan have $600,000 capital and the amount invested is $800,000. Be- sides having @ controlling Interest in the fore- going companies, the Spragues have large in- terests at Augusta, Me., and Columbia, 8. C. They also own land in ine of such proportions as to be of interest to the Legislature. The two houses tn New York and Providence have been in constant communication with cach other, but matters are kept secret, and to-morrow’s proceedings only will disclose the real state of allairs, Wiliam sprague was the conferee with Senator Sherman, of Ohio, regarding the financial situation, Dok Gareraoe Howard, as inadvertently stated yes- erday. Colonel Amasa Sprague is stated to have been obliged to remove to lus house in Cranston to-day, on account of illness, produced by his being over- worked and the excitement of the times, His ill- hess ts not serious, however, and a temporary re- laxation will soon restore him. The teeling in the neighboring towns is one of excitement and great anxiety, especially in the manufacturing districts, aa it is the firm velief that the Jailure of A. & W. Sprague would paralyze the industries of Rhode Island. In Pawtucket, however, the banks are reported all safe. The number of men employed by the Messrs. Sprague is about 10,000, and the pay roll about $25,000 aday. Nearly all the mills run by the firm are running on fulltime. Tbe Cranston Print Com- pany only shat down Saturday for two weeks, and upon resuming will run on abort time. Another View of the Situation—The Ex- tent of the Sprague Enterprise. Provipence, R. L, Oct. 29, 1873, The all-absorbing topic of cenversation here now is the Sprague financial situation, the facts of which were telegraphed especially to the New York Hgnaup yesterday, and the excitement in- creases rather than diminishes. No event has ever caused such consternation and wide-spread alarm in our community as this which now agitates financial circles, for it is a matter of deep interest and concern to all Rhode Island. The Spragues, it is well known, have been the main stay and active support of the manufacturing and money institutions of the State, and such has been their enormous wealth and immense resources that they were generally believed to be secure against any financial convul- sion; but the events which have just transpired dispel this belief, and, with utter destruction and Tuin hanging over the great firm, there can be nothing but disaster and wreck to Rhode Island’s business interests reget our community.was ina state of feverish excite- ment, and the situation was discussed until after midnight. The news of the impending financial ruin spread rapidly, and capitalists, bankers, merchants and traders generally flocked to the busiaess resorts with looks of fear and dismay, many !eeling that unless something was done, and that quickly, they must go under, A meeting was held in the Merchants’ Bank rooms tn the even- ing, which was attended by about 150 of our wealth- jest citizens, largely including the presidents and directors of our banking institutions. At this A. & W. Sprague, showing the absolute necessity of meeting at once two or three millions at the lowest caiculation. PAPER MONEY. It was found that tue frm had great amount of paper afoat, estimated at $5,000,000, and as the money became due, with pressing demands tor payment, the firm found that the money was un- available, the banks already being sorely pressed by the prior events im the great money panic, Which stirred the principal financial centres of the country, and hence the fearfui situation of the Spragues. Such being the situation of the banks, relief was utterly impossible, and after a pro- tracted meeting, 4n adjournment not being made until after midnight, the assembled financiers had to admit their inability to extend the sorely needed assistance. A unanimous vote, however, was passed pledging $400,000 to build up the First and Second National and Globe Banks, a few of the institutions which are very seriously affected by the depression. ‘The State will be convulsed from one end to the other; business house after house will go down in the crash, manufacturing establishments will shutdown, and probably, worst of ali, thousands of operations will be thrown out of employment, at aseason of the year, .oo, when great destitu- tion and misery must prevail in conse- quence. The Spragues have been running no less than @ dozen mills in various parts of the State—the great Atlantic Delaine in Oineyville, and iactories in Nattick, Baltic, Cran- ston, Quidnick and other localities, besides run- ning manufacturing establishments in other parts of the country, even way up in Maine and as far South as Georgia. So it wili be easily seen that a suspension of the firm will scatter ruin tar and near. ALLEGED INDISORETION. The business affairs of the firm of late have been apparen:ly mauaged tindiscreetly, without much regard to the crippled financial condition of the country, money, a8 soon as obtained, being laid out in investments, the Senator (Hon. William Sprague) being all absorbed in Menhiaetaring in- terests and spreading the establishments of the firm as fast as the money would permit; but tbe pressure has arrived at last, and the great louse must jee! grateful if eventually able to meet the emergency. Even the bitterest political enemies of the Spragues feel the situation sharply, aad would fain support the tottering house were it in their power, but there appears to be no a a At noon to-day, as I close this letter, the relief does not appear to be forthcoming, and suspension, with its conse- qaent ruin, is made the more certain, Political Animosities Between Rival Banking Concerns—An Attempt at «Soft Sawder.” PROVIDENCE, Oct. 30, 1873, The financial fever is gradually subsiding, the favorable reports of yesterday making our bankers and capitalists more cheerful and restor- ing in @ great measure the confidence in business circles. It ts now fully realized that it is for the common interest that the great house of A. & W. Sprague should be sustained, as, however hostilein Political principles—and there is notorious Opposition on that score—the two great houses of the State, A.& W. Sprague and Brown & Ives, and their dependent concerns may be, yet the business relations are such as to imperativeiy call for the mutual protection and general sustenance of each other, as it is the settled conviction that no greater calamity could result to the business interests of Rhode Island, and the shock would be very perceptibly felt all over the country, than the suspension or failure of the Spragues. e special telegrams to the New York HERALD ee of the business men here to the real danger of tne situation, and all day yesterday the greatest activity prevailed in financial circles. At first the greatest secrecy was manifested, with the ridiculous notion that by such means all knowle by the press of the transactions might be excluded, and the papers here—botn in the tn- terests of ‘the rival houses—were conspicuous for their silence; but the reports telegraphed abroad showed how futile are the efforts to close the channels of information to the newspapers, and the parties concerned in these great proceed- ings have at last awakened to a realization of the fact that it ts useless to conceal the reports trom the public journals, under which prevailing belief they at last consented to make way for the press reporters. The allusion in the reports telegraphed abroad to the entire absence of any reports in the local papers of the situation has broken the sitence of those papers, and this morning one of them de- votes over @ column Of editorial to the proceedings of the past few days. THE LOCAL JOURNAIS AWAKEN. The Journat says apoiogetically for its lateness in giving the ne’ (it being Known ail over the city the past two days) :— For the last week we have ignored our position asa public journal upon » matter of greatest importance to ¢ community, and have been quite silent upon a sub- Ject which has engaged the pablic eng? to an almost unprecedented degree. We have taken this course be- cause we had ho that a great disaster which has been threatened might be averted, and because it was plain that nothing which we Soeia proveriy ‘say would lessen the prevailing excitement The subject, however, las passed into the newspaper discussions of oiler | og nd letters em” true and some of appeared in New York, Boston and other ers a ni fave been thronged with people, all discussing the one gubject that has not heretofore been mentioned in our y nd mach against n discussed Ip other quar- because It has been diss mam aT ae ialse have been louse tmaodtatety involved, oT a his | All day yesterday | meeting & paper was submitted from the. firm of | have been held (@ mals any “generm@ exai tou te atfaire of the busittess hoses,” ot that any ped house has been ander suspicion, nor’ is it (rue that ‘confessed their inability toaflord the need Our banks are fully able to alto o i relief.” rn tempora: this relief and more, and have h committee gave no assurance that the firs ‘ould be of reliet” wi permanent value. | T' ES a le tg spindles = au inting a Ly that owes more than gant besides another house that owes half as much, woul calamity, 19 not to be doubted. Whatever the course that has brought ft to eatly to be hoped that this misfortune may ut while itis right to take all proper means to preve: such a catastrophe it is not richt to question the geners commercial credit of the community or to tiahtet® peo. pie into the belief that the business of Providence aud of node Island was to be fatally crippled Because ome great house expands itself into disaster, The Feeling at Fall River. PALL River, Mass,, Oct. 30, 1873. The impression prevails outside our city, and te some extent among our own citizens, tha? the Suspension of A. & W. Sprague & Co. would be Seriously felt at this place. The firm do not owe @ cent here, and none of the banks have aby their paper, A MEETING OF COTTON MILL OWNERS. Fatt River, Mass., Oct. 30, 1873. A meeting of representatives from the differen cotton manufacturing corporations in this city was held at the Board of ‘trade rooms last evening for the purpose of considering the question of re ducing the working time in the mills. The various milis were represented. Aiter hearing reports from the different establishments, and discussion on the subject, it was voted on and after Tues- day, November 4, to run the mills on hall time—-~ four days of each week and eight hours a day. the milis—tnirty-nine in number—come into this arrangement, except the Mechanics’ and Border City, Which have contracts for the month of No- vember, and the Robeson and Fall River print work mills, These mills employ 14,000 operatives and when in full operation their monthly pay- ments amount to about $450,000. THE LABOR MARKET IN BOSTON. Boston, Mass., Oct. 80, 1873. Mr. W. H. Fay, Superintendent of the Bostom Young Men’s Christian Association and Free Em- ployment Bureau, sends the following note to the Associated Press I wish to check a wasteful expenditure of time and money by the poor and laboring classes by having the word go forth that Boston does afford remunerative employment for one out fifty of its idle thousands. It is worse than useles® for others to come here for work. PHILADELPHIA PAILURES. PHILADELPHIA, Oct. 30, 1873. The dry goods house of Morgan, Young, Altemus & Co. has suspended. Their liabilities are $60v,000. ‘They will be able to pay from seventy-five to eighty cents on the dollar. This house sold upwards of $2,000,000 worth of goods annually. The suspension of Wm. M. Lioyd, banker, of Allentown. is reported here. Although Mr, Lioyd has some half dozen offices throughout the State, yet his failure 1s not said to be very heavy. THE WEEKLY HERALD. ‘The Cheapest and Best Newspaper in the Country. ‘The WEEKLY HERALD of the present week, now ready, contains a Select Story, entitled “A Tale of other Shores,” together with the very Latest News: by Telegraph from All Parts of the World up to the hour of publication. ‘Terms:—Single Subscription, $2; three copies, | $5; five copies, $8; ten coples, $15; single copies, five cents each. A limited number of Advertise- | ments inserted in the WEEKLY HERALD. Unprecedented Success. We have positive proof before us that C. N, CRITTEN- TON, of No. 7 Sixth avenue, has sold durin the last two months over 50,00) bottles of HALE'S HONEY OF HORB- HOUND AND TAR, an article for the cure of c | colds, influenza, hoarseness, difficult breathing a ‘affections of the throat, bronchial tubes and lungs lead- ing to consumption, and from the number ot letters we have ourselves recetved proclaiming its wonderful cures, we judge that almost as many persons, have Lene cured as thero have been bottles sold. We andersta: that the only papersin which Mr. C. has advertised hi article in this city is our Datly and Sunday News. Thus the advertising public will see the necessity of adver- tising {n a paper which makes a demani like the above. A hint to the wise is sufficient-—Daily News, Jan. ‘All druggists sell this article at Moents and $i. Great ) savin i urchasing the large size. PIKE'S TOOTH. ACH Dk PS care toothache in one minute Sold by all druggists at 25 cents. A.—For a First Class Dress or Business FAT go to ESPENSCHEID, Manufacturer, LS Nassat street. A.—Havana Lottery Oficial Drawings on file; also Kentucky State Lottery for the Benefit of Benools of Frankfort Circulars free. ools OF STU'JOSEPH BATES, 195 Broadway, room & A—The Elastic Broadway, incorporated 1! till permanently cured, trusses. OUnprincipled deal sell bogus “Elastic” and belts to ignorant persons. Truss Company, 683 867, retain rupture comfortab! 1 have annihilated metal rs now steal the name Band” trusses and ruptdre All Clear and Bright.—This Clear, crisp weather suggests that we should put aside our dusty Hats and don one of KNOX’S new iy len. Store, ary: in tue Prescott House and Fitth Avene ot Cristadoro’s Hair Dye is By Far the best extant; always reliable, perfectly harmicss and true to nature. Sold everywhe David's Fall Styles of Hats for Gentiles men are orrect thing. Salesroom 299% Broadway, near Duane street. Danville & Co., Royal Irish Distilleries, Belfast, Ireland, are the largest holders of Whiskey in the world. ae. OLD IRISH WHISKEY is recommended by the medical protession in preference to French brand, Supplied in casks or cases. United States Branoh, Broad street, New York. Elastic Belts, Stockings, Kneoc Caps and new style SUSPENSORY BANDAGES, at MARSH & | CO.'S Radical Care Truss office, No. 2 Vesey street. For Boots Made on Scientific Princty Jes go to the Manufacturers. EUGENE PERRIS & SON, fro Fulton street, near Broadway. Havana Lottery.—We Sold the $500, Apeit 22; circulars, gents ion given. ARTINGZ & CO., 10 Wi street; box 4085 New York Post office. Holloway’s Pills are Invaluable as a Purgative. Tho OINTMENT cures Rheumatism, Scalde and Barns. Depot 73 Maiden lane. Obituary of JOHN Vie GEORGE WILKES. See SPIRIT OF THE TIMES, Obscure Diseases, No Matter How They originate, and without regard to the fee 3 of the suff are cured without sa, inconvenience by # BOLD'S EXTRACT BOCHU, the great diaretic, which nots specifieall upon the Ritneys, bladder ai ae oa ther prepat ossesses: deve (oped. “merits. of ray HOLDS EXTRACT. developed enuine Buchu, and it gever fails JO HENRY, New York, Sole’ Agent. Obitaary a JOHN 0. HEENAN, GEORGE WILKES. See SPIRIT OF THE TIMES, Royal Havana wottery.—information furnished; orders filled; circalars sent free on applica Hon; Spaaish bank bills and goverumenta parshased. ‘AYLOR & i No. 11 Wall strect. New'Vork cig Obituary ” JOHN C. oe GEORGE WILKES. See SPIRIT OF THE TIMES. a Sold at Pomeroy’s, tor $3, ts warranted to be the best over Wigs, Toupecs.—G. Rauchfuss, Practt- 4 Wig and Tou; Maker and Importer of Huma ‘air, 44 Bast Twelith street, near Broadway. NEW PUBLICATIONS. ‘A serene wowDER HARPER'S WEEKLY Coit ao EE GURL EMC ILLUSTBATIONS AND" RBADING MATTER, ‘two ebaracteristic fal! page Cartoons, by Thomas Nast. An excellent Front fe , by W.etieaiiael Hand, Deer Hunting In Long Isla by Themasw Sketchbook, ee REIN by Prenzeny and Tavernier. Views and Portraits of the Arete Kxpedition, c3, by Nast, Retnhart and Abbe; bey Ba aS, ta This namber Cea heh nth — more \ AN AVETAgE CLAVE ¥ reading matter Paigs rie rth oluiie. HARPER'S MAGAZINE, WEEKLY AND BAZAR. ‘One copy ot either will be sent for one year, postage prepaid ee wn the United States on re- oP Rees MAGAZINE: HARPER'S WEERLY @ HARPER'S BAZAR, for one year, $10, of two rh. post payable by subscriber ‘at veer entra, Coby of elther tho Magazine, W fiod'ttath Yor ovety city Oye ae one remittance, oF six Copies BROTHERS Bow Tory, Prep -s.