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Show The Crew of the Polaris Safe! The Effect of the Recent Failures! Wall Street in a Panic. covered with detached crowds of people, and the greatest excitement-prevailed. Brokers were on hand earl in the morning, awaiting the developments of the day, and many bore the appearance of having passed & sleepless night, They immediately stt to work to get the best possible prices for whatever they had to sell. After the opeiiing of the Stock Exchange the prices fluctuated by the one per cent., instead of by the oneeighth per cent. Soon after the opening the announcement Nineteen Failures, Werse than Black riday- Qu AMERICAN. San Francisco, 19. The failure of Jay Cooke & Co., of New York, produces some uneasiness in Hwancial circles, but so far as can be learned the banks and mercantile houses here will not be affected to any considerable extent. Jay Cooke & Co., acted as agents of the First National Gold Bank of San Francisco, and Mr. Cooke and partner, Hugh McCullough, are srock holders and directors in the AngloCalifornia Bank of this city, but no financial embarrassments are expecte trom such connections, as TT TRC BY TELEGRAPH. the London was made that White, Deferitas & Rathbone had suspended; then came the announcement. of Eugene Jackson’s suspension, lately of Polhemus & Jackson; and then came Fisk & Hatch. The noise inthe exchange was now stifled, for, with blanched faces, one looked at another as if to ask when this thing would end. Gold moved up by eighths after having sold at 1.12; and in less than fifteen minutes sold at 1.13, and the course was still upward, Transactions under the rule were the order of the day; and then came the slaughter of values, Prices ran down so fast that they could only be traced with difficulty. Then came other failures; Thomas Reed & Co.. W. H. Warren & Co., and Breeze & Edwards. Indeed the business of the exchange was constantly interrupted by ‘he gavel of the presiding officer calling to order to announce the failures. The scenes of to-day resembled thése of the town creditors, Deferitas and Rathbone say they were unable to reach their customers in the lower part of the town, and their suspension was forced thereby. They did a strictly commissivn business. Ainong latest +umérs;’ Henry Clews & Co., and Vermilye & Co.,wetein trouble,. but those firms denied that such is the case. Fisk & Hatch always have been esteemed solid. They: tere interested in the sale of the U. 8. bonds of the § 20 loan, and were identified with.the success of the Cetitral Pacific Ritilvoad, and latterly with the Chesapeake and Ohio Railroad, which théy have carried to suctessful positions. A statement of their affairs is being pfepated, and the artners assert their confidence of an eary festimption. Fisk & Hatch have negotiated a larger amount of railroad securities than any other house in the country, some $6,000,000 in all. day Coke & Co. are engaged in making a statement of their affairs. Their sasperision was entirely due tu advances madé to the Northern Pacific RB. R., into which it ig said the firm was led by Jay Cooke against the protest of nearly every other member of the house. Advances to this enterprise, it was understood, were fot to exceed $500,000, but Cooke, during the absence of the leading members of the New York house, iit Europe, increased these advantées to $2,000,000, and subsequently to other large amounts, and these ¢émmitments made through ‘the Philadelphia house caused a de+ pression of deposits which necessitated the suspension, The firta hope that they MUSIC STORE. Main Street, | Ogden. THE CHEAPEST COAL AND LIME! In the Market, always on hand. AU KINDS) OP MUSICAL INSTRUM From @ Jewsharp to a Church Cheaper Violin Organ, as Cheap, or than anywhere Strings and else in Utah. other Fittings. SHEET MUSK, ETC, ETO. One door South of Ogden House. s27-ly _M. D. HAMMOND, worst days of 1857. The crowd in the house is all right. galleries of the Stock Exchange was so Washington, 19. great that erders were given to exclude The Secretary of the Navy received a visitors, and consequently the street in telegram from Consul Mulloy, announce front of the Exchange became blockaded will be in a condition ty make an ¢fficial .ing that the Polaris party was at Dun with people. Atlla.m. the sdeue in statement early next week, dee, and are all well. The U.S Consul the Gold Exchange defled description. A dispatch fromt Paris to Joht Monhired a steamer for forty-eight houre to Members acted lite demons as each new roe & Co., from the senior partner orcatch her, intending to go himself in the failure was announced. The shouts of ders the firm to protect all d¥awitigs of steamer. brokers were deafening. Jay Cooke & ©o., upon them, offering to San Diego, 19. Towards noon a run was commenced discount immatared bills of Cooke’s at William N. Robinson, defeated Demoonthe Fourth National bank, but, all It is said demands were eratie candidate for Assemblyman, lost calls were promptly met. The bank kept bank rates; lis reason, supposed to be on account o a certification of ali checks which led 'o¢ made oh Fisk & Hatch between 10 and 10:30 this a. m. for the return of a HIS, JUSTLY CELEBRATED WAGON IS MADE OF THE BEST MATERIAL. exposure and excitement during and great confusion. The long lines of throughout and is warranted. previous to the election, and the reac- clerks extending to the sidewalk gave million and a half, call loans. Later this. evening rumors were on the street tion when his defeat was ascertained. A FULL SUPPLY ALWAYS ON HAND. the impression of a run on the institu- that Government would buy $1,000,000 The necessary papers ‘have been made tio, ahd in this way dangerous reports of bonds to-morrow, and that GovernAlso Dealer in out, and he is to be sent to the Stockton were circtilated. Ail stocks sold for ment would place $10,000,000 of greenasylum. cash with very few exceptisns. No‘one backs in banks, soasto make money Light Spring Wagons, Sweepstakes? Threshing Memphis, Tenn., 19. pretended to make any rate on money. Machines, Buckeye Mowers The Appeal special from Helena, Ark., Securities were examined with the ut- easy; and that Richardson was away and Reapers, from Washington with gold and proposSulky Rakes, Corm Shellers, Feed announces two fatal cases of yellow fever most care. Cutters, Loans were made on only ed to sell from $8,000,000 to $5,000,000 Fanning yesterday, and states that the inbabi- wide margins. Mills’ Emery Grinders, This day has proved Stubbie An informal meeting iamts are very much excited in conse- even worse than Black Friday, for then gold to-morrow. Plows, Shovel Plows, Cultivators, quence, and are leaving town as fast as houses stood firm that have now gone (of presidents of banks was held at the clearing house, this evening, to take acAND ALL they can get conveyances to carry them gone under. KINDS OF FARM MACHINBRY. A run was also made on ia the country. Very many are leaving the Union Trust Co., and at an early tion for their protection and the relief by boats, and several hundred are ex- hour the building was filled with excited of houses that were being érowded during the present exeitement. A resolupected here upon a boat to-morrow mordepositors. The work of paying com4. Complete Assortment of ning. The mortality inthis city for the menced at once, and continued till the tion was passed so appoint a . committee of five to snbssit to tle Clearing House twenty-four hours, ending last night, close of bank hours. The bank officers was twenty, of which enly twelve died state they hold sutiicient funds to weath- Association af its meeting to-morrcw, a wrom yellow fever, and 07 these,two were er the storm, and no fears of a failure pian for relief from the exigency. The street, at the close of business, 831-6m negroes. The different relief associa- are anticipated. The majority of depostions have had their committees busy ‘tors calling for money were persons of presented am intensely exciting appearance. Whermthe closing gong soanded, aii day, and to-night seventy murses are small means. It is thought more of the board gave attending ag many sick in different parts banks will suffer by the failures to-day. members of the stock three cheers. While money at the bank of the city. The authorities have at last At half-past one the chairman of the zot their eyes open to the importance of Stock Exchange announced the failure to-day was F per cent. where it could be the scourge, and this evening appropria- of W. C. Connor, and shortly afterwards bad, stocks brokers paid as high as 114 In the excitement mercantile tek $10,000 to the immediate relief of ‘the suspension of E. D. Randolph & Co. percent. 00 paper was neglected. Among the inthe distresseds ran like wildfire through-the crowd, and stanees said to have suffered by the failChicago, 19. HAVE THE AGENCY FOR, AND ARE SELLING ON when the notice of the failure of Little ure of Cooke & Co. are five Savings W* FAVORABLE The failure of Jay Cooke & Co causes & Co, was given, the crowd became Terms, the justly celebrated banks, one bank in Canada and six : considerable excitement here, ani at wild. ts bauking firms in this city.’ The effect other cities in the West. Some merFollowing is a complete list of the of the monetary troubles in the market chants think this failure ig but the forefailures to-day: Fisk & Hatch, George for naval stores and freights was totally rnaner ef ethers te come, producing a@ Balling & Co., W. H. Warren & Co., T. veneral panic. Although it seems to be Reid & Co., Greenleaf, Norris & Co., checked from the present outlook in The Chesapeake & Ohio the general impression here aud else- Whitmore & Anderson, Beers & Ed. Washington. where throughout the West that though wards, Eugene Jackson & Co., White, R. R. is much in danger of permanent the effect might be to shake the confi- Deferitas & Rathbone, A. M. Ridder& stoppage, as is the Northern Pacific R.R. St. Louis, 19. dence of business men for a time, no seCo, Smith, Leaver & Co., L. Burdell & Tom Allen, pugilist, has accepted the rious or long continued trouble in the} Co., Warner, Day & Morse, Morgan & smoney market is to be feared. The Hayfiteh, W. C. Connor, Jacob Little & challenge of Ben Hogan, and last night And at our fuilure eccurred at a most fortunate | Co., and Randolph & Co., making a list $200a side were put up aga forfeit The fight is to be for $1,000 aside, and time forthe West, as we have on hand of 19 failures as a result of to-day’s bus will take place in thirty days from signthe products of the praries which the iness. The report. circulated to-day on This will not be done world must have and must send their the street that Crief, Stout& Co. had ing of articles. until after the contest between Allen and money to get. The banking house of failed, was erroneous. The report also Hogan will go luant, Preston & Kean, the local agents circulated that Geo. Opdyke & Co was MeCoole next Tuesday. at of Jay Cooke & Co, at first were dis- embarrassed, is denied by the members into training here on Monday next. Purehasers in the North can have INSTR UCTIONS at the Store of posed to discredit the rumors, but they of the firm. Mrs. BOWRING, Ogden. FOREIGN. got private advices which confirmed the When the suspension of Fisk & Hateh 00 London, 19. press dispatches, and then were ready became generally known, many friends The- whaling steamer ‘Arctic,’ for totell allthey knew. As agents for the of both partuers visited their office and Full ines of Cotton, Silkk, Needles and Attachments oan be sale of Northern Pacifie bonds; they in- extenced their warmest sympathy, Mr. Dundee, passed Petterhead last night vestigated the enterprise before consent- Hateb said that his trouble was brought with the crew of the “Polaris,” who hud supplied. H. B. CLAWSON ie been transferred from the whaler “Raiag to act, a dsbecame satisfied that the about by lack of confidence in railroad 825-6m Superintendent. bonds would be a good long time invest- enterprises and the extreme stringency venscraft,” which reseved them from ment. Such were the representations. in the money market produced by tie boats on the 21st of July, twenty miles south of Cape York. Happily these were not numerous in the late failure. The general distrust causWest, only about $300,000 worth of! ed by the failure of Jay Cooke & Co, Fable for the Juveniles, bonds have been sold in the States for had caused a great demand upon the which they were agent, and but $200,- firm which came so suddenly and unexIn the depth of the forest there lived 00 of that amount is held in Chicago. peciedly that it could not readily be met. Under instructions from Jay Cooke & There was no time left in which to ob- two foxes who never had a cross word with each other.’ Qneof them said, jn NEE, Base. IN THE WORLD;—PRERFROTED (to., the bonds were sold at par, and tain money from the assets of the firm, the politest language: _ by the Inventor of the Sewi } lyint, Preston & Kean received only the or to get funds. The embarrassment it “Lev’s have a quarrel ” GIBSON, ECCLES AND VANNOY’S ELIAS HOWE, Jun. alae ‘ogual commission. In reply to many was not caused by loaning money on ‘Very well; but how shall we set abou inquiries concerning the bonds, the firm hazardous enterprises. An HONEST MACHINE and New Steam Saw Mill, The house has it?” said the otber. stated that their intrinsic value could not speculated, nor met with losses. mot subject to FITS. He “Oh, it cannot ke diffleult,” said fox not be affected by th: failure of Jay could not endeavor to give any develcpSituated two miles east of No. 1; “two-legged people fall out—why tigoke & Co , since they were first mortments as yet of the firms and liabilities. not we?” Mount Kanab, on Bear Lake gage bonds, and on the lands. Lunt, HK. D. Randolph says the business of his So they tried all sorts of ways, but it Simplicity: and Perfection ; Preston & Kean had an account with firm was not very exteusive. He was could not be done, beeause each would Divide. of Mechanism. the failed firm, but the balance amount- not prepared to state the extent of hi give. way. At last No. 1 fetched two Durability--will. last a ed to $70,000 which cannot affect them liabilities. - Ifis failure caused great ex- stones. Bills of Lumber Filled in the least, even if they loge the whole Lifetime. citement on the street. G. B. Alley says “There,” said he, “you say they’re eee tae of it. : Range of Work—swithout the suspension was caused by the general Now I One failure, that of A. C. Badger & decline in stocks, especially Vanderbilt yourg and I’ll say they’re mine. Paratial. e ‘ will begyn. Those stones are mine.” Ce., private bankers, is reported as the stocks. SHORTEST NOTICE. His. liabilities are not large, Perfeetion of Stitch and “Very well.” answered the other, results of New York developments. ae and he expects soon to resume business. | ‘vou are welcome to them.”’ ee Tension. New York, 19. Kidder states that up to ten o’clock ; Ease of Overatien and “But we shall never quarrel? at this To say that this has been a frightful to-day, ihe house was entirely solvent, rate,” cried the other, jumping up and SENDON YOUR ORDERS. » Management. and destructive day in Wallstreet, a day and but half the stock was then ordered licking his face. ‘You old simpleton, oi Self Adjusting Take-up. of excitement, of numberless small pan- by customers who had failed and parties don’t you know that it takes two to get i Adjustable ies, of hurrying te and fro. of sacrifices in the South and West. Head. Customers. up & quarrel ?” rere APPLY TO and stoppages, is to tell but the simple failing to respond, the firm was compellCall and Hxamine our Styles and Prices at So they gave it up as a bad job, and ivoth. The record of failures: and the ed to go under. He thinks the liabili- never tried to play at this silly game -T. W. JONES’, Failor, wild fluctuations of stock alone tells the ties of the firm are very small, but does e Third door from ZC. M. I., Ogden. again.—Children’'s ITour. . rau. lites _ acory of (he hour. The spectacle on the not think, however, they will be able to SAMUEL MILLER, JUN., street from noon till after three o’cleck, resume business, Lumber Yard, 5th St., Ogden, A certain editor in speaking of the : eee Agent, was something awful. For about six Hatch & Warner state that their sus- miseries of Ireland, says, “Ireland’s cup blocks, notwithstanding the rain which pension was precautionary and caused ‘Also, at the Sanzg Rooms, a few of misery has for ages been overflowing, peewuiled, the streets were pretty well merely by the failure of so many down- and seems to be not yel full.’® doors west of Z. C. M. I, Salt Loke, Main St., Ogden, and Main St., Logan, Cache Co. AGENT FOR THE Schuttler te Wagon! et nme WAGON MATERIAL, HARDWOOD, IRON. AXD STEEL, BN, Sewing | NI jachines. singer Sewing Wachine, AT THE CENTRAL DEPOT, | te be ALD TAK BRANCH STORES In LOGAN TE! Teams to Haul Lumber from and OGDEN. HOWE SEWING MACHINE, POINTS @F SUPERIORITY: | nd FLYGARE & CHILD, OR NEXT DOOR To Z..c, M. 1. “g8t d-258-8m | City, a28-1y 0 |
