2\2 
GOBI’S BUBAL WEW-¥GBKEB 
Ityttts flf the 
CURRENT TOPICS. 
THE GREAT FINANCIAL CRISIS. 
Not since “ Black Friday ” has there been so 
much excitement in financial circles in this 
city, as yesterday, Sept. 18, when there was a 
general decline in stocks and the announce¬ 
ment on the Stock Board of the suspension of 
Jay Cooke* Co., Richard Schell and Robinson 
and Snydarn. The suspension of Jay Cooke * 
Co., Is far-reaching In its influence. The extent 
of the disaster and the number of other bricks 
its fall will topple over cannot now be.pre¬ 
dicted. It la asserted by the New York house 
of Jay Cooke & Co., that its suspension is duo 
to the embarrassments of the Philadelphia 
house which le the financial agent of the North¬ 
ern Pacific R. R. to which it had made large ad¬ 
vances. The bonds of the K. P. R. R. have not 
been so successful in the market as it was 
hoped. The fact is the “Farmers’ Movement ” 
throughout the Northwest is driving these 
railroad and laud speculators to their corners, 
causing distrust among the inventors In railway 
securities of railway monopolies, and bringing, 
as it should, “things down to hard-pan." Tbc 
Philadelphia house of Jay Cooke & Co., having 
the burthen of the Pacific R. R. to carry, have 
boon overwhelmed. For some l ime there has 
been distrust on the street and depositors have 
withdrawn their funds from the institution. 
This has increased the embarrassment. The N. 
Y. house has been drawn upon heavily for aid, 
until all available resources were exhausted. 
Then came the crash and down went the firm 
doing business in New York, Philadelphia, and 
Washington. The London house, it is assorted, 
is solvent. It was rumored that the Govern¬ 
ment had lost heavily by this failure, but the 
rumor is authoritatively denied by the Secre¬ 
tary of the Treasury. The oftlcos of the New 
York and Oswego Midland road have been 
placed in the hands of a receiver. There are 
rumors of derangement in connection with the 
South Side U. it. of Long Island. The fact is, 
at this writing there is general distrust and 
uncertainty, and what is to come of it is aprob- 
lcm there are many people anxious to solve. 
We may be able to append a postscript to this 
paragraph, before we go to press, which will 
give a more hopeful view of tho situation. 
T. S.—Monday, A. M., Sept. 22.—Since writ¬ 
ing the above things have grown no better op¬ 
to I his writing, though it. is hoped t hat meas¬ 
ures, which have been in the meantime perfect¬ 
ing, will nrrost further disaster. Over thirty- 
three houses have, suspended in ail including 
Fisk & Hatch, the Union Trust Company and 
the Bank of tho Commonwealth. Saturday the 
Stock Exchange was closed by order of tho 
Governing Committee. This arrested transac¬ 
tions and enabled brokers and bankers to ex¬ 
amine their resources and standing. A meeting 
of the Bank 1‘residents resulted In their resolv¬ 
ing to stand by eaoh other and issue certificates 
from the Clearing House to the amount of $10,- 
000,000 on good security. This action, It is hoped 
will help to ehock the general tendency (for it 
is one) to “go to smash." Added, the President 
of the Unit ed States and Secretary of the Treas¬ 
ury' Richardson wore yesterday hero in consul¬ 
tation with tho prominent businessmen. The 
result of tills conference was that the Govern¬ 
ment offers to purchase any amount of United 
States five-twenty bonds that might be offered 
and also to buy the issue of six per cent, bonds 
commonly known as 81s. This Includes the 
currency sixes, the ten-forties und the new' 
fives. A strong effort was made to induce tho 
President to issue the $44.000,000 reserve of legal 
tender notes; but the law officers of the Gov¬ 
ernment decided he had no logoi right to do so ; 
and unless the crisis demanded it imperatively, 
in order to save a universal panic and crash, 
they must be held Intact; but It was intimated 
that if it seemed to be a necessity the Govern¬ 
ment would so issue them, trusting to Congress 
to sanction its action. 
p. p. s.—Monday, P. M.—Tho feeling Is better 
as we go to press. Certificates to the amount 
of $2,230,000 have been issued, in accordance 
with the resolution and agreement of the Bank 
Presidents. But one bank, up to this writing, 
has been compelled to avail itself of this ac¬ 
commodation. There has been a run on two 
savings banks during the day, but they have 
paid promptly all checks of $100 and less, exer¬ 
cising their legal right to 60 days’ notice ir. case 
of the larger checks, with a view to stopping 
the run. The Stock and Gold Exchanges are 
closed. The offers of U. S. Bonds at Sub-Treas¬ 
ury in this city up to 3.30 P. M. in exchange for 
currency, was $3,859,000. Thus the market has 
been relieved to-day by over $5,500,000 In cur¬ 
rency or its equivalent. 
It may be proper to say, concerning the Fisk 
& Hatch suspension, (since they are known to 
our readers as advertisers in the Rural New- 
Yorkbr,) that its cause was their inability to 
convert their securities promptly into currency 
without a great sacrifice, and for the safety of 
their creditors they thought best to suspend. 
It is believed they will resume business ns soon 
as the market quiets. It Is not believed that 
their suspension will affect the value of the 
bonds of either the Central Pacific or Chesa¬ 
peake and Ohio Railroad, of which they are the 
financial agents. 
The Huntington, L. I. Mystery. 
Sometime ago, a young man by the name of 
Kelsey, Huntington, L. I., had fallen desperate¬ 
ly In love w ith a young woman of that place 
who did not reciprocate his attentions and re¬ 
gard. His persistence led to imprudence (If 
nothing worse) on his part, and tho young la¬ 
dy’s friends, led by her accepted lover, finally 
tarred and feathered him, and it is asserted 
mutilated him, one night. The same night he 
disappeared and has not been seen since. Not 
long ago, the nether limbs of a body were found 
on the shore, which were identified, by his 
friends, and by means of a watch fob, Ac., as 
his remains. A coroner's jury has been investi¬ 
gating the matter, and recent developments 
point, strongly toward the fact- that a most hor¬ 
rible mutilation of the person of Kelsey was 
followed by his murder (by tho parties Involved 
in the mutilation. A wrholo township on Long 
island is divided into violent, fnotion by the 
sympathy evoked by tho events that have re¬ 
sulted in tills investigation. The whole affair 
is a sad lesson, and should be a wholesome one 
to all who arc inclined to take law into their 
own hands, and right wrongs by lawlessness. 
All lawlessness, no matter how apparently good 
the excuse for It, is sure to react upon those 
engaged in it ; and every good citizen, young 
or old, should discountenance and discourage 
It. __ 
Another Chicago Fire. 
Chicago has had another groat scare, and 
those who live in its wooden houses on the west 
side of the city, where the wind from tho flat 
prairie lias rail sweep, have learned another 
lesson as to the importance of building homos 
of oome other material than tinder. The dry 
winds, hot sun, and continuous drouths apt to 
paevall In that locality, render the buildings 
simple tinder boxes; and a fire onoe started, 
with the sweep of winds that obtains, is sure to 
find fuel and path. The result is more homeless 
families und another apprehensive sensation, 
made all the more terrible by past experiences. 
Tf Buch fires result in the adoption of a more 
substantial building material and In greater 
precautionary means for suppressing fires, Chi¬ 
cago will in the end be the gainer. But the 
lesson costs individuals heavily and compels 
our keenest sympathy for the sufferers. 
The Polaris Survivor#. 
Wk arc glad to announce the arrival at Dun¬ 
dee, Scotland, of the Polaris survivors—those 
who remained with the ship when Copt. Tyson 
and his company were left to float away on a 
cake of ice in the polar night. They built boats 
out of the wreck of the Polaris and after wintt r- 
ing in the Polar regions, set sail to intercept 
some of the w halers, and were picked up July 
20 by the whaler Ravenscrag from Dundee, 
Scotland, 20 miles south of Cape York. They 
were subsequently transferred to the whaling 
steamer Arctic of Dundee, at which point, they 
have arrived safety. Now wo shall know the 
truth (at least the other side of the Btory) about 
tho death of Capt.. Hall and the abandonment 
of the Tyson party on a floe of ice. 
■ 
Pennsylvania State Crange of Patrons of 
Husbandry. 
The Granges of Patrons of Husbandry are 
multiplying in Pennsylvania. At Reading,Sept. 
18, twenty-five Masters of subordinate Granges 
met with 200 other members to organise a State 
Grange. Prominent officials of tbc National 
Grange w'ere present. Wo rejoice in the exten¬ 
sion of this order in the East, so long as it ad¬ 
heres to the work of enlightening and lifting 
farmers and their wives up from the gloom of 
isolation, and sets them thinking and co-oper¬ 
ating to promote their own Individual and col¬ 
lective Interests—so long as It does not become 
the tool of political partisans who only seek 
control of it to destroy It. 
Yellow Fever at Shreveport, La., 
Is making a terriblo record. It is stated that 
the sick have no nurses and the dead no burial. 
This seems almost incredible. The humanity 
of the nation is appealed to for aid and the 
humane should respond promptly. There is 
chance for a display of moral heroism, too on 
the part of those who can go to aid in nursing— 
who will take their lives In their hands and go 
thither prepared to relieve the suffering and 
minister unto the dying. Memphis, too, is re¬ 
ported as afflicted, and it will require great 
vigilance and care if other towns do not suffer. 
Meantime let aid be sent to those who sadly 
need it. 
-- 
THE SEASON, CROPS, PRICES, ETC. 
The Cotton Crop.—The Statistician of the 
Department of Agriculture gives the following 
as the present 6tatus of the cotton crop:—The 
indicated increase of area is a little over 10 per 
cent. The condition of the crop is higher than 
in September of last year in Arkansas ; the same 
in Tennessee and Louisiana. In each of the 
other cotton States the worms have been more 
abundant, yet their ravages have been disas¬ 
trous or sweeping but in few cases. The season 
has been remarkable for its rainfall, tending to 
a further depredation of the crop. Otherw ise 
the conditions have been quite favorable. Fer¬ 
tilizers have stimulated growth, and labor has 
been steadier and more trustworthy. The 
averages arc as follows: 
Virginia, 9^; North Carolina, 95; South Caro¬ 
lina, 86; Georgia, 90; Florida, 85; Alabama, 85; 
Mississippi, 82; Louisiana, 80; Texas, 92; Ar¬ 
kansas, 93; Tennessee, 92; Missouri, 96. In Sep¬ 
tember, 1872, the average was :—Virginia, 97 ; 
North Carolina, 101; South Carolina, 95; Geor¬ 
gia, 90; Florida, 02; Alabama, 88; Mississippi, 
90; Louisiana, 86; Texas, 94; Arnansas, 78; 
Tennessee, 92. 
-- 
BRIEF NEWS PARAGRAPHS. 
Cbikk- Justice Cockburn. at the close of the 
hearing in the Tlchborne case, said if the claim¬ 
ant resumed his travels through the country 
representing himself as a martyr, it would be 
the duty of the Court to put a stop to the scan¬ 
dal by committing him to Jail. Every Judge 
and juryman connected with the case had 
been threatened with assassination if a verdict 
against the defendant should be brought in. 
The Chief-Josttoe warned the claimant that if 
he made another speech or appeal before tho 
public ho would surely be Imprisoned. New 
reralations are made every day of the trial, and 
the public interest in the case Increases. The 
Tichbormi claimant has published an appeal in 
which lie states that the prohibition by the 
court of further speeches from him or solicita¬ 
tions of aid from the public has cut off his bup- 
ply of funds. 
Honolulu, Sept. 6, via San Francisco, Sept.. 
18.—The King's Government has arrived at the 
conclusion that it is t.o tho highest interests of 
the country to conclude a treaty with the 
United States on tho basis of the cession of 
Pearl River Harbor. The King has ordered his 
Minister of Foreign Affairs to notify the United 
State* Minister that ho (tho King) is ready to 
negotiate such a treaty. The foreign and native 
population generally favor the project. King 
Lunalilo is dangerously ill. The volcano Maun- 
aloa is In a state of eruption. It can be seen 
moretban 100 miles distant, and illuminates tbo 
whole island. 
Tite total loss by the Chicago fire is now put 
at $125,000, and tbo Insurance as far as known is 
$65,000, distributed among a large number of 
companies East and West, no one of which 
loses probably over $15,000. 
London, September 19—6 A. M.—Mr. Scuda¬ 
more, Director of the Postal Telegraph Service, 
denies the trut h of tho recent rumors that tho 
Government la about to purchase the Atlant ic 
cable lines. 
When the Duke of Edinburgh visited Bir¬ 
mingham the other day, a fervid old lady el¬ 
bowed her w'ay to the front of the crowd, 
exclaiming, “ God bless you I How’s your dear 
mother ?“ 
The Cologne Gazotto says the obolera is rog- 
ing with groat violence in Hungary, the per¬ 
centage of deaths being unusually large. 
The Spanish Cortes has authorized the ac¬ 
ceptance of 30,000 Remington Rifles as a gift 
from the public. 
A Vermont school library declined a set of 
Dickens’ works on account of their immoral 
tendency. 
The Society of the Army of tho Cumberland 
adjourned to moet at Columbus, Sept. 17, 1874. 
■-- 
DOMESTIC NEWS. 
New Vork City and Vicinity. 
Two New York schooners w’ere wrecked off 
Nova Scota in the August gales.Rev. Dr. 
Chapin lias been welcomed back—An Ameri¬ 
can pilgrimage Is talked of.Cortlandt A. 
Sprague. City Treasurer of Brooklyn, lias been 
arrested for fraud. It is asserted that since i860 
Mr. Sprague has used the city's money at the 
rate of $200,000 to $500,000 a year A new paper 
called the Argus, has appeared in Brooklyn . 
Rodman, the Brooklyn defaulter, lota turned 
State's evidence. Ho shows that the city was 
systematically robbed for speculative and elec¬ 
tion purposes ..Signor SalvIni lias proved to 
be very popular. He is called the "greatest 
living actor’—. The Eclectic Life Insurance 
Co. is being investigated—..Gates arc to be 
placed on the front platforms of street cars .. 
The Freshman class of the University of New 
York number 75, Including 2 Chinese It was 
charged, on the 18th, that the late Mr Mills had 
further robbed tho Brooklyn Trust Company of 
$500,000. The deposits were UBed in Wall street. 
$804,000 of railroad bonds were stolen from the 
bank. The corruption Is so widespread In 
Brooklyn, it would lie a hopeless task to give 
al 1 the details..... .Bishop Paddock of M aasa- 
chusetts was consecrated in Brooklyn on the 
17th_Charles Bradlaugli, the English Repub¬ 
lican. arrived on the 17th-Tbc stock of the 
New York and Oswego Midland R. R. went to 
protest on the 17th. stocks declined from 1 to 
7)4 per cent. A. H. Stephens is to make a 
speech in New York . .The banking houses of 
Jay Cooke & Co., Fisk & Hatch, Jacob Little * 
Co., and a large number of other houses, failed 
on the 18th and 19th inst. The excitement was 
intense ail over the country, and many houses 
elsewhere suspended, while runs on hanks took 
place. The Northern Pacific Railroad is said 
to have caused the suspension of Jay Cooke & 
Co. _Richard Schell failed on the 18th, and 
there was a run on the Union Trust Company. 
On the 18th the 11th Regiment of New York 
mutinied In a oody, because their Colonel Is 
unpopular Thev were disarmed and put under 
Midland R. R. Company.l he Bank or the 
Commonwealth and the Union Trust Company 
suspended on the 20th. The Stock Exchange 
closed at noon of the 20th, and all business on 
Wall street was suspended. Great crowds 
thronged the street.. ..30 houses went under on 
the 19th . .Bprague of Brooklyn Is likely to be 
indicted.The lltb Regiment is to be court- 
martialed .Five sawdust swindlers have been 
arrested. 
Home News. 
The railroad war continues In California. 
Work on the Central Railway of Sacramento is 
to be stopped... On the 14th there were 600 cases 
of yellow fever at Shreveport, La. _There 
have been 30 deaths from yellow fever in Mem¬ 
phis Mr. Sheppard is the new Governor of the 
District of Columbia Gen. Sherman re-affirms 
that the rebels burned Columbia during the 
war_Swiss societies have been having a con¬ 
vent ion In Washington Cornell University 
has opened with a Freshman Class of 209 .. .On 
the 15th t he yellow fever still raged in Shreve¬ 
port.. The Telegram of that place had suspend¬ 
ed. Aid haa been sent from many cities, The 
Interments average 40 a day.There has been 
a panic at Memphis over the yellow fever 
Commander Mitchell of the Pawnee, died of 
yellow fever at Key West on the 14th. Gov. Dlx 
has vetoed the New York Newspaper Claims 
bill_The propcllor Ironsides foundered off 
Grand Haven. Lake Michigan, on the 16th, at, 
noon; the sen wn> terrible: 14 drowned, tho 
captain and 0 missing. ..The Senate Committee 
on Transportation lias visited the line of the 
proposed Champlain Ship Canal—Tho negroes 
of Indian Territory', 15,000, will ask lor a Terri¬ 
torial organization .. The Grand Lodge of Odd 
Fellows has been in session in Baltimore.. The 
Senate Committee on Cheap Transportation has 
made a visit to Canada. A reception was given 
them by Montreal merchants.1*. T. Barnurn 
will cross the Atlantic in a balloon next, year . 
18 bodies have been recovered from the wreck 
of the Ironsides at Grand Haven. Midi ...Lord 
Gordon Gordon has been captured at Winnipeg, 
and lain prison The yellow’ fever has appeared 
in Northern Louisiana.. Gen. M’Coofa funeral 
took place in Cincinnati on the 10th .. The Rio 
Grande baa overflow*ed its banks, destroying the 
cotton crop_The farmers have held a conven¬ 
tion in Tennessee ...The cashier of I be Gorman 
Savings Bank of Leavenworth, Kan., has de¬ 
faulted with $20,000 .. Ths Constitutional Con¬ 
vention of Pennsylvania Is in session The Uni- 
versallrts have held a convention at Washing¬ 
ton_The Army of the Cumberland has had a 
great meeting at Pittsburgh A Prohibition 
state ticket has been nominated In New York .. 
Tho Government, lists begun its suit in Hartford 
against tho Union Pacific R.lt .The Univer- 
salistswill build » great Centennial Church In 
187ft. Vice-President Wilson declines to lie 
Vi.-. ntofnC iban League Jay Cooke’s 
banks in Washington and Philadelphia have 
suspended.The crew of the lust Polaris has 
boon found all well. They have arrived at Dun¬ 
dee, Scotland. They were taken there by the 
whaling steamer Arctic. They were nicked up 
on the 20tb of July, 20 miles south of Capo York 
....Thesteamship Costa Rica from Honolulu 
was wrecked in the harbor of San Francisco on 
the 18th. All the posaengers saved_Yellow 
fever Is spreading in Memphis — Many suspen¬ 
sions occurred in Philadelphia on the 19th_ 
There has been a run oir the Freed men’s and 
Washington Savings Banks in Washington. 
Fire*. 
The steamer James Howard at Commerce, 
Mo., on the 13th; loss, $150,(XX) ... A church In 
Champaign. Ill., on tho 14tb ; loss, $20,000. 
Broadway Hotel in Lexington, Ky., on tho 1.7th; 
loss, $14,tXX)— Hat factory in Brooklyn on tiro 
15th ; loss, $23,000... Mowing machine works at 
West Fitchburg, Mass., on trie 15th; loss, $33,- 
000—Cotton und woolen mills uf flolmesburg. 
Pa., on the 13th j loss, $135,000.. .Baptist Church 
and hotel lit Union Springs, N. V., on the. 15th ; 
loss, $15,000 — A terriblo fire broko out in Chi¬ 
cago on tbo 17th, at 8 P. M., in the lumber dis¬ 
trict. It ragod o honrH, destroying fit houses; 
loss, $250,000; the people were greatly alarmed 
Tho lake ‘iteamer Acorn has been burned at 
Alexandria Buy, N. Y.; the 50 passengers were 
saved — A paper warehouse in Philadelphia on 
the 17th ; loss, $75,000. 
FOREIGN NEWS. 
Mlcellaneonn Foreign New*. 
Don AlphONSO has retired to France; tho 
Republicans are pressing hard tho Carlisle_ 
Col. Uscatequl of Panama has been killed by a 
Citizen — Havana subscribes $200,000 for the 
relief of the recent lire. ...The German troops 
have left Verdun A slave ship has been cap¬ 
tured by t he English In the Indian Ocean ; out 
of 300 on board 250 bad died of stnull-pox. 
There was a great fire in Auckland, New Zeal¬ 
and, rccontly ; loss, $240.(XX). and 58 buildings. 
A house in Htonchouw, Eng., foil on the 15th, 
killing 8... Emigrants from England to Brazil 
arc returning with doleful accounts_The Car¬ 
tagena Insurgent* arc very active. A tax Ile¬ 
vied on those suspected of favoring the Carlists. 
The bombardment of Cartagena commenced 
on the 17th The Protestant Church of Franco 
petitions against a monarchy .. There lias been 
a serious riot at Tralee, Ireland,. . Peaco pre¬ 
vails in Peru.... American bar Iron undersells 
the English in Liverpool — The Germans com¬ 
pleted the evacuation of Franco on tho 10th..., 
ltairis have destroyed much property in Scot¬ 
land .The King of Italy is visiting Vienna 
70 vessels have been wrecked on the Black Sea, 
and 205 corpse;, have been washed ashore. 
There is said to be widespread corruption in 
Cuba — Curlists bonds are quoted In Frankfort 
... Itlots are reported In various parts of Spain 
— Dr. Livingstone was seen alive and well last 
July . .There have been 121 deaths from cholera 
in Fans... It is admitted that England has lost 
the American iron trade ■ The Speaker of the 
House of Commons la coming to America . Wil¬ 
kie Collins Ima sailed for America_Odd Fel¬ 
lows are extending In Germany and South 
America....The Tlchborne claimant will not be 
allowed to make any more speeches in his own 
behalf . The Spanish Cortes will accept a pres¬ 
ent of 30,(XX) Remington rifles The Hawaiian 
Government Is in favor of coding Pearl River 
Harbor to the United States... The Vaterland 
newspaper has been suspended in Vienna for 
attacking tho King of Italy_The King of the 
Sandwich Islands is dangerously ill..Pare Hya- 
cinthe withdrew from the Old Catholic Con¬ 
gress because a bitter speech waa made against 
the French....The Emperor of Morocco is dead. 
SEMI-BUSINESS PARAGRAPHS. 
The Jay Cooke Failure.—The causes of this 
deplorable event to one of the first houses in 
the country, the house most closely connected 
and identified with the great negotiations of 
the Government during the war and after its 
close, it Is too early, perhaps, to go into. But 
the chief mistake, we have reason to appre- 
heud, originated in the too generous enterprise, 
and it may be excessive enthusiasm and confi¬ 
dence, of the senior partner, Mr. Jay Cooke, 
as connected with the groat Nurth Pacific un¬ 
dertaking. With this immense scheme, hia 
New York partners, and one at least of his 
Philadelphia house, were reluctant, from the 
