Newspaper Page Text
VOLUME - 27.
AUCTION BOOMS. iwßfialEsMeßooms WM. A. BUTTERS & CO., Beal Estate Auctioneers, HAVE LEASED Booms 2 and 3 in Hawloy’a Building, Uos, 144 & 146 Dearborn-st., 8. W. COR. MADISON-ST., For tlio purpose of oonduottaß tho BEAL ESTATE BUSINESS. Special attention will bo given »o AUCTION SALES of property on (bo ground, or DAV and EVENING SALKS at tholr Rooms. • bate on their books a largo list of property for A-UO l lON and PUIVATIS SALES, to which they Invito tho atlcntlnn of th« public. WM, A. liUTTEUH has had thirty-five years' export* •noo as General and Real Estate Auctioneer (tovcntcoo of which ho has had In Chicago), and will giro his per* lonal attention to this branch oMbels business. REAIs ESTATE. VALUABLE PROPERTY On Slierman-st. .AJT AUCTION On Saturday Afternoon, Sept. 20, at 3 P, M,, ON THE PREMISES. . TYotwill sell without reserve, Lots 11, 14, 17, and SO, 25 foot front each. North half of Lot 23, 15 foot front. South 24 foot of Lot R, making 139 foot on Sborman-at., In Block 103, School Section Addition. This property is located between Harrison and Folk* aut., opposite tho depot grounds. Title perfect. Terms: $9,11)0, payable In four yearly equal payments, iromSspu 1, 1913; $7,600 cash, balance 1 ami Syears. WM, A. RUTTERS A CO., NORTH EVANSTON. Some of tho boat located Lots In this village for S3OO to S4OO, in $lO monthly payments. Also, good Houses for sale on easy terms. Railroad tickets furnished to parties doilrlog to exam ine tbo properly, ■W3VE. 3P. THAYER, No. 144 LnSallc-st. FOR SALE AT NORTH EVANSTON, On Monthly Payments, JOHN CULVER, No. 144 LaSnllc-st. REAL ESTATE BARGAINS. 800x161 feet, southeast corner Wabaab.av. and Forty •ect)Qd-»t.; will bo sold at SBO per foot, if called for within a fowdaya. Most of purchase money on 7 years' time. ALSO, A handsome sfone-front dwelling, No. 801)4 Michigan *nd basement), very cheap. Caah payment The above property belong! to a non-resident, and rouat be sold. Apply Room 43 Excelsior Building, corner Clark and Wasblngton-sti. A GREAT BARGAIN FOB THIS WEEK. ONLY. Two now marble-front dwellings on Michlgan-av., at a price fully $5,000 loss than actual cost. Now ranting for u per cent. Will exchange for unincumbered property. lIKNUY E MAUBLB. Boom g, No. ,8 Dearuom-st. For Sale or Rent. A splendid dwelling on MONTHLY PAYMENTS. I cave a good two-story and brick-basement dwelling. In a choice part of the city (South Side), with All modern im provement*, Including good furnace, two water closets, elegant chandeliers, cistern, stable, front park, ail In complete order, for »alo on monthly payments, or for rent. Call on the owner, No. 67 Slato-st., nr 11?87 Indl- JOHN COVERT. BOOKS AND STATIONERY BOOKS AM STATIONERY AT ’WHOLESALE. .Correspondence and Orders from the Trade solicited. HADLEY - BROTHERS, Wholesale Booksellers, TRUSSES. Rupture. The proof that Dr. Marsh's Parent Radical Cure Trust will cure Rupture (Hernia) la (ho foallmonyof those that have worn them and boon cured. Wo have a large num ber of n&tnca of persons In and around Chicago to which we can refer, and would Invito all interested to call and have tholr-oaaos examined without charge. We alao make a specialty n( lilting alllclnda of Truatca, Hhoulder-llrauoa, Klasllo Stockings, apparatus for bow logs, club-foot, aplnal curvature, weak ankles, Ac. Sat isfaction guaranteed always at the Radical Curo Truss Office of MARSH A DOWLH9, 103 Waehlngton st., two doors from Clark. CAT* A competent, female to wait upon ladlns. LAKE NAVIGATION. GOODRICH’S STEAMERS For Racine, Milwaukee, Sheboygan, etc., dally, Sunday! excepted, Ua, m. balnrday ISicundou Seat for Mil waukee, etc., don't loavo until Hp, m. For Grand Haven. Grand Rapids, Muskegon, Spring copied Vp t i ,ort ' iJauljU)0 * ulo> > daily. Sunday* ox* For St. Joseph, daily, Sundays excepted, 10 a. m. Bat urdays, boat don’t leave until 11 p. in/ v^*“* For Green Bay Pons, Monday. Wednesday, and Friday, at 7p, ni. Monday's and Wednesday's boat goes to Kacanaba. • ENGRAVING. Union Litho. Co. Engraving and Lithographing. 1. 8, 8, T and 9 Mlchi gsn-av. Skilled Workinanstilp-Quiok Time. MUSICAL. PIANOS. ALL STYLUS. GOULD Si SON, "**~~*Cnr. Adams-sl. & Wabash-aT, FRACTIONAL CURRENCY. $5 Packages OF FSiGTIONAL CDRRBHCY FOR SALE AT TRIBUNE OFFICE. tHI)£ P COD LIVER OIL. WILLSOnST’S CARBOLATED COD LIVER OIL la a Spocltlo and Radical Curo for CONSUMPTION AND SCROFULOUS DISEASES. Rometnbor tho name, "Willson's Catbolalod Cod Liver OH." It comes in largo wedgo-sbspod bottles, bearing tho inventor's slgnatnro, and (a sold by tho best Druggists. Prepared by J, H. Willson, 83 John-st,, N.T, For aalo by all Druggists. Western Agents: HURLBUT A KD.SALL, Chicago. KICIIAUDSOW A CO.. 8(. Louis. Mo. GENERAL NOTICES. ft Inter-State Mistrial Eiaositm el Clticap,. UiroßirioN Building. ) Chicago, aopt. 19, 1873. J NOTICE TO EXHIBITORS. The Exposition will open on Thursday ovenlng, Sept. 35, and it is desired that all persons ontitlod to spaco at once put nptbolr booths, platforms, do. On and after Saturday night, 20th Inst., tho building will bo lighted, so that work may bs carried forward by night. JOHN F. REYNOLDS, Soo’y. “Ward’s Collars.” Western Branch, of B. M. & W. WAED, 184 Bast Madlson-st., have disposed of their stock of “ Argosy,” Cloth-faced, and Paper Collars, to J. H. &I. M. PRANK, 74 and 70 Third-av., between Harrison and Van Bu ron-sts. In future all orders will be prompt ly attended to by them. TO CABINET, TRIM, FURNITURE, AND CARRIAGE MANUFACTURERS. We have recently placed in our mill a 66-lnoh Segment saw for resawing alt kinds of lumber to HO Incboi In width, taking oat loss kerf and making thicker lumber than any other rosawlng-macbine In Chicago. Backing on band aud made to order. Wo Invito tbo attention of manufac turers to our work, and to tbo largest Segment saw In tho West. OLAUK * HUTCHINS, Planlng-Mill and Boi-Faotory, Quarry-st. A Arohor-av. The Fancy Bakery ANT> COFFEE PARLORS ARB NOW OPEN AT ©9 BAST H-AJSnDOXjIMI-S'r., Northwest corner Stato. A. KEItSTEN, Pron'r. NEW PUBLICATIONS. FAESEESTODRTH OF JULY TEE IMPORTANT ADDRESS Of 8. M. SMITH, Secretary of tho Illinois State Farmers' Association, boforo tho Liv ingston County Farmers’ Association, At Pontiac, on tie Fourth of July, Is now ready for delivery as an 8-pago docu ment, for general circulation. Farmers' Clubs and Granges will bo sup plied at tbo following rates: Single Copies.. S ats. I 100 Copies...76 ots. 10 Copies 16 ots. 11,000 C0pie5....55.00 Address J. W. BEAN, Boom 0 Tribune Building, Chicago. PALACE OF SWEETS. LOOK In at No. 105 Clark st. and see Dyball’s new “PALACE OP SWEETS,” which he occupies to-day for the first time. We .till cODtinao oar Wo,t Madliaa-it. Stars. It VItAT.T.. REMOVAL. EC A. ZR> V IE YS HAVE REMOVED their popular Youths’, Boys*, and Children's Clothing and Furnishing Establishment to their former stand, OO and 98 Lalie-St., (Corner Dearborn, and oppoilte the Tromoat House), where they have opened a larger and finer stock than ever before. FINANCIAL. TO LOAN. 87*000 for 5 years, at 10 per cent Interest. CLARKSON A VAN SOIIAAOK, WANTED. SCOW WANTED. To purchase or rent for two months, a largo Scow or Canal-Boat. Apply to FITZSIMMONS 4 CONNELL, No. 236 South Wator-at. TO RENT. TO RENT. FnmUhod Honso on the South Side, for six months or one year, ono block from bone-cars. CLARKSON 4 VANSOIIAAOK. HOTELS. Merchants’ Hotel, (Corner Clark and Lako-sta.) now open for guests. Only one block from Sherman and Tremont Houses. Con venient to depots, street-ears, and nnmlhniuß. s3.iouor day- B. If. GILL. Manager. FOR SALE. GRAND TRIM RAILWAY OP CANADA, STEAMER FOR SALE. Th® Grand Trunk Railway Company will bo prepared to receivei offers r*r the purchase of tho Steamnr “ Inturna tlonat," uo.t plrlng between Fort Krlo and Buffalo. Kho la a wooden paddle steamer, and curies 14 cars on her dock. Will bo ready for delivery upon the completion of tho 'Totornailuual Bridge,'' during tho month of Goto* tor next. Ulfora for thit sleamor (to bo delivered m Fort Brio) will bo received by tho umlertdgnad. U. .1. ItIIYDGKH, Managing Director. Montreal, Aug. 13, 1878. INDIAN CLUBS, Bass Balt, Orlokot, and Gymnasium Goods, Dnmb Bella, Boxing Gloves, 40. KHLLKY'fI, 88 Maillson-st., Tribuuo BulMltig, “GUNS.” Breechloader* from $86.00. Mucslsloadon of all grades. Bayers, see our last Importations. BIGGS, SPitNCim 4 CO., 886 Wabash av. • Grandest Scheme Ever Known, Mi M Gilt Concert GIFT CONCERT. FOR THE BENEFIT OF THK PUBLIC LIBRARY OF KENTUCKY. 12,000 Cash Gifts, $1,500,000. 9200,000 for sso, Tho Fourth Grand Gift Contort authorised by special act of tho Lealslaiuro for the benefit of the Public Libra* U of Kentucky will tako placo in Public library Hall, at Louisville, Ky„ Wednesday, December 3, 1873. Only "jxty thousand tickets will bo acid, Tho tlekola aro divided into ton coupons or parts. At this Concert, which will be tho grandest musical display over witnessed lu this country, the unprecedented sum of $1,500,000, Divided into 12,000 cash gifts, will bo distributed by lot among tito Uokot*holdnn. LIST OIF GIFTS. ONE GRAND CASH GIFT 9250.000 ONE GRAND CASH GIFT 100,000 ONE GRAND CASH GIFT 50,000 ONE GRAND CASH GIFT 25,000 ONE GRAND CASH GIFT 17,500 10 Cash Gifts, 810,000 each.... 100,000 SO Cash GlOs, 5,000 each,... 150,000 50 Cash Gifts, 1,000 each.... 50,000 80 Cash Gifts, 500 each.... 40,000 100 ITanil G Ifts, 400 end 40,000 150 Onnh Gifts, 300 each.... 45,000 250 Cash Gifts, 200 each.... 50,000 335 Cash Gifts, 100 each.... 32,600 11,000 Cush Gifts, 50 each.... 650,000 Total, 12,000 Gifts, ART, CASH, auiountinff to „ 81,500,000 Tho distribution will bo positive whether all tho tiokeU are sold or not, and tho 12,000 gifts all paid in proportion lo tho tickets sold. IMMCE OF TICKETS. WholeTlolcota, IfW.OO; Halve*. 8H.005 Tenth*, crouch 4JSSS fSX&Si&i lc “ ~ Tlckota now ready for sale, and all orders accompanied by the money promptly filled. Liberal terms given to -.tboao who buy to acll again. TIIOS. E. BRAIULETTIS* Agent Pnbl. Lthr. Ky. and Manager Gift Concert, Public Library Building, Ix>ulsvl)lo, Ky. Wo have no agency at Chicago, and orders will nave to do sent direct to tho home office at Louisville. ADVERTISING. UNTIL OCT. Ist, Wo will insert Advertisements in 4 Religious Papers, ADVANCE, N. W. 0. ADVOCATE, STANDARD, NEW COVENANT. For 45 cents per lino, or $0.30 per inch each insertion. AND IN 5 Religions Papers, ADVANCE, N, W, 0, ADVOCATE, STANDARD, NEW COVENANT, WESTERN CATHOLIC, For 50 cents per lino, or $7.00 per inch each insertion. H.H. GHAM.EE & GO’S HEWSPAPER ABTERTISISa AQEHCT, 89 M-A.IDXSOKr-ST'., (Opposite Tribune Building). SHEATHING PAPER. ECONOMY! SHEATHUG PAPER, (NOT IIFVEJXjM?), Well put on to Frame Houses, Under Siding, Shingles, and Floors, will more than save its cost in fuel in one winter. Manufactured and sold by ROOK RIVER PAPER 00., KTo. J4.0 T.ah.o-st. PAPER HANGINGS. &c. Paper Hangings, 33E5333Z»1KTC3i-, Window Shades, & Upholstery Goods, AT HUGH, JENKINS & IAXOFS, (Bncooasora to E. 0. L. FAXOIT & CO,), 107 STATE-ST.j Four door* »outh of Waabtngton. We have now on band the finest and most carofully-sc lected atock of above goods over shown In (his market.' Dealers and others visiting oar city will aorvo their own intoro»t« by giving n» a call before purohaalng olaowhoro. WOOLENS. A. C. BELL & CO., OP* 3STBW TORK, DRAPERS, AND iniI'ORTHRS OP PINE WOOLENS. Full lino of Samples, Stylos, &0., at Grand Pacific for a few days. Patrons and the pub. lie are invited to call. Represented by B. BURTON*. BLANKS. Legal Blanks, Of regular forms, or printed to order by CULVER, PACE, HOME & CO., 118 & 120 Monroc-st., Chicago, BUSINESS CARDS. J. 0. MAYBEREY, COMMISSION MERCHANT, Grain, Grass »,Dressel Hois, &c, NO. 2 CHAMBER OE CO3IMERCE, CHICAGO. Lumber purchased by the cargo or car-load: also. Farm Machinery. Ac. LOTTERY. $300,000. Capital Prize, SftO.OOO. MISSOURI STATE LOTTERY. Grand Binglo Number Sobomo. i last day of every month. C.SSOPrixoaaraount lngtptf3W.lWo. Wholotloketa. ijllO; Jlalvot, «5. Send for circular to MURRAY, MU.LUR 4 CO., Box 3446, St. I.ouis, Mo. ' MEETINGS, Masonic. Oriental Lodge No. 83, A. P. 4A. M. Regular Com munication this (I'rTlay) evening at 7:3(1 o'clock, for bua iuuaa and wetk. By order of the Matter. U. N. TUOKKR, Secretary. CHICAGO, FRIDAY, SEPTEMBER 19, 1873. JAY COOKE & CO. Overloaded with $85,000,000 of Northern Pacific Railway Bonds, the Firm Col lapses. And Suspends Payment with Lia bilities Anywhere from $8,000,- 000 to $25,000,000. Tho Smash-Bp Expected in Well-Informed Financial Circles—Tho Firm Not Recognized by tho Bank of England. Jay Cooke Admits that It Was tho Northern I’acific that Finished Him, But Pledges Himself that Every Dollar of Obligation Will Be Paid, and Business Resumed. How the Announcement Was Received in Chicago—The Opinions of Our Leading Bankers. Only $300,000 Worth of Northern Pacific Bonds Sold in the Northwest, And. Only $25,000 Worth Owned in Chicago. Tho West, with Overflowing Crops and Good Trices, Can Have No Paulo. New York, Sept, 18,—Another day of Intense excite ment has passed over. Wall street. Early this morning predictions were made that this would be a hard day* and one that would see tho downfall of more than on* financial house. Tho Chicago fire, it was thought, would occasion a drain upon deposits and tend to a panic. Stocks for the first two or threo hours fluctu ated wonderfully. Western Union fell JO pot cent without an upward sthiggle, but about noon recovered Its opening figure. At noon the report was whispered that the house of Jay Cooke & Co. bad suspended. At first the rumor was considered an Idle one, or at most started by some scheming faction. However, It had great effect. Mon and boya ran races from office to office. The telegraph waa incessant In Its operations, and tho ex citement grow Intense. Shortly after la m., It was officially announced that tho suspension had occurred, the reasons therefore being advances made to tbolr Philadelphia house, which rendered them unable to moot the demand raadeupon them by their depositors hero, Aa soon aa It became generally known that Jay Cooke k Co,, had suspended, many rumors touching other prominent houses sprang Into existence, but all reports about the suspension of firms excepting Jay Cooke k Co., Richard Scholl, and tho small firm of Robinson Bnydam k Co., upon Investigation provpd to bo without foundation. When-this fact was tnado known on tho streets, confidence was again restored, and at the close of business a stronger fooling pre vailed. It 1b not thought that any other Arms of prominence wit! succumb. Mon regarded as among tho safest and moat Judicious on the street give It as their opinion that the great danger Is past. Robinson, Buydam b 00. expect to resume la a few days, Mr. BoheU was cot prepared to make any statement In regard to hla Liabilities. Hla suspension was occasioned especially by the decline In Vanderbilt stocks, in which ho was a large dealer. Tho liabilities of Jay Oooko b 00. cannot be ascertained. It will take some time to make a statement of the affairs of the house. The creditors sre mostly banks and bankers, there being but few Individual depositors In the list. The suspension will greatly Interfere with the operations of the Syndicate, and probably sus pend the negotiation of 5 per cents. T|io bonds of tho Northern Pacific have boon of slow sale recently, and tho failure of Kenyon, Cox b Co,, and of the Now York b Oswego Midland Road operated disas trously against further negotiations of the bonds. Tho Express says: “The war upon railroads has produced part of this panic, creating as U has a want of confidence among largo capitalists and «m«11 Investors, and injured both tho credit and progress, of railroad enterprises. When confidence goes, credit falls with It, and panic takes tho place of both. The suspension of bouses like Jay Oooko 4i 00., and Kenyon, Cox b 00., are public calamities, and are events wholly unlike the failure of those mushrooms who do business on borrowed capital, or,oftener, on no capital. The sympathy of the public Is with the un fortunate. who try to do a legitimate business, and who fall while in the prosecution of It, as In the bnlldlng of railroads and other public works designed to enlarge the business of the country. The duty of all is, while omitting no care necessary to the exposure or proper regard for the present or future, to pour oil upon tho troubled waters, and restore health and confidence to the money market, and all honest corporations and persons engaged in money transactions.' 1 Tho itail says It la understood that tho houses which are in trouble are solely those that have been carrying heavy burdens in the way of railway construction, and that the losses from their failure will bo widely dis tributed, and will not bo long felt seriously hero. It Is felt that events of tho past few days are the most* unfavorable for tho prosecution of unfinished rollwoy enterprises, and so a misfortune to a country whoeo resources require for their development a liberal ex tension of credit. Rut all other branches of business have an unusually good prom ise for the fall and winter. Our enormous crops are bringing good prices, and tho do niand for them 1s unprecedented. Our merchants have generally “ got down to the herd pan," and are ready for a tremendous business on a sound basis, and. generally, tbo situation outside the maelstrom of Wall street is full of encouragement. Tho misfortune and terrible aflllctlon of the atroet Is tho peculiar legis lation which tics up the reserves of the banks Just at a time when they could safely, end profitably to them selves, tide the business of the country over Its pres ent momentary difficulty of the currency and mako tho way eaay for the marketing of our Im mense products. Even had the Secretary of tho Treasury deposited his unsalable , legal tenders In tho National banks, and thus released a part of their reserve, the latter could have mot and passed tho present crisis victoriously, Tho stock mar ket closed with a more confident feeling after a day’s excitement without equal since Rlack Friday, When the time came for the delivery of stocks and the squarlng-un of tho day’s transactions, there was wild excitement In tbe Board. Access to the visitor’s nai lery was really an Impossibility. The Post says : “ Prices of the first-class stocks oro now low enough to tempt capitalists and outside in vestors to come tn, end while tbo effect of the failure of a house so widely known throughout tbo country • aa Jay Cooke b 00, cannot bo measured In a day, there Is reason to believe that prices will not long bo kept ; bolow the figures which represent the Investment value of dhideml-Daylun stock, * * o The following shows the number of shares which changed hands of (ho stocks named: Telegraph, 148,000 shares; Pacific Mail, 67,C00 hares; Lake Shore, 65,C00 shares ; New York Central, 32,700 shares; Chios. 22,300 shores; Bock Island, 27,600 shares; and Union Pacific, 25,800 shares. Tho dealings In tho other etocks were all under 20,000. New Yobs, Sept, 18.—Largo number* of financial men met at tho Fifth Avenue Hotel to-night, and die cussed (he event of the day. While somo predicted further trouble to-morrow, tho general feeling seemed to be that tho wont was over. New Youk, Bopt. 18.-A reporter of the 3W6un« called to-ulght on Samuel Wilkinson, Secretary of tho Northern Pacifio Hallway Company, who said there was no question that tho failure of Jay Cooke & Co., and (ho suspicion thrown on all rail road bonds, no matter how good their securities might bo, on account of the failure of tho Canada Southern and tho New York h Oswego Midland Ball road Companies, would prevent the sale of tho North ern raclflo Ballroad Company's bonds, and oil other railroad bonds for the .present, and probably for a considerable time to come. As usual with financial agents, Jay Cooke & 00, had made large advances to uUn ihtww. the Company, Irak he did not think this had Impaired their credit, Their failure was duo to a midden run In consenuoneo of a stringency of tho money mar- Scl> canned by the manipulations of unscrupulous conspirators. * Tho Tribunt. nayn : “Loto tins evening tho fol lowloff roaaons were given by Mr. Fahnstooh, one of the firm of Jay Cooke k Co., for tho failure of thin houie. For several weeks the un emy fooling which prevailed la connection with the now railroad schemes canned heavy drains upon tho deposits both of their Philadelphia and Now York houses. Tho deposits In both cities suffered continual diminution, until, at tho beginning of tho present month, their deposits wore lower than at anytime during the last fall and this spring. Tho «lraln upon tho deposits, already so heavy, was still further Increased by tho recent suspensions and demand for money was Incessant, and Is felt still more severely In Philadelphia, The Philadelphia house was compelled to call . upon the Now York . house for aid, and a largo amount of assistance was rendered. Tho Philadelphia House was under largo advances to tho Northern Pacific Rollroad Company, Involving largo sums of money, preventing them from maintaining the reserve ordinarily kept, and they were therefore unable to respond to tho de mands of their creditors, lu this reason thoy were unablo to return to tho Now York house advances mndo by tho latter, or to supply them with any collaterals available In Now York at tbs proeent time. Owing to this, tho cash balances became exhausted, and suspension K OC *?AS table, Fahnestock said that of course the different members of the firm wore possessed of a largo amount of private and personal property, hut none of this was available In an emergency such as the present. 110 was not at tho present time, nor was any member of tho firm, prepared to tell tho exact omonnt of liabilities or assets of tho firm, 110 believed that all the creditors would bo paid in full, and hoi>od that the suspension would only be tempora ry, On this point nothing could • positively bo said at present, and some time must necessarily clapso bo. fore tho exact amount of private property of tho firm can bo decided. , Tho UtrM roportor Interflowed Mr. BUse, of (fnl?S*’.» 3U V rd * ll '’° to *l'o effect * tho failure of Joy Cooke & Go. would ■ hove on » 0 Ho said tho effect In tho countir will bo fait a good deal, for these Northern Pacific bouds have been disposed of North, South, East, and West, Tho country banka will fcol tho pressure, and, of course, there will bo much alarm among country depositors, but after all this col lapse la not about to do any serious evil. The country novor so prosperous, and, except that individu als will Buffer for awhile, there need bo no appre hension of tho general effect, Aprominent.broker said to a Herald reporter that It Is alleged that Dick Scholl waa heavily Involved with v °i. «r Dfla ?’ J® BBOUr .I ft Texas Railway Company, New York Warehouse and Security Company, and a stag -B°rinß load of Western Union Telegraph slock. Tho Tribunt’t account of tho scouos la Wall street says early In tho day rumors which form such an Important part of Wall street operations wore re vived with increased emphasis. Tho names of houses • which ovon most unscrupulous stock jobbers had heretofore spared passed mer cilessly from mouth to mouth. First came re newed rumors of embarrassments of the New York ft Oswego Midland Railway Company, and their financial agents, George Opdyko ft Go. Statements that some banking Institutions were, on tho brink of failure was also made with depressing effect. Those rumors, false as they were, made tho rounds, growing In evil Influence aa they became more and more dis torted. Tho crowning rumor of tho day was this time, unfortunately, too true. Jay Cooke & C 6„ tho Government fiscal agents, who had stood so high In financial circles throughout tbo world, were Impaired by the reason of their connections with tbo Northern Pacific Railroad, and would probably bo obliged to suspend. This rumor, which was In tho . in tllo morning, spread like wildfire, but although dealers were disposed to believe almost anything, It was still rather dllficulk to convince tho street that the foremost Amor- Ican banking house In this country was not able to meet Its obligations. Of course measures wore Imme diately taken to verify the statement, and at noon It was officially announced that Jay Cooke k Co. had sus pended. This news was Immediately flashed over tbo wires of tho stock and gold Indicators, around which groups had boon hovering all the forenoon, and tho dispatch was road to all within hearing, Tho effect was electric, and Jay Cooke k Co/s offices were soon crowded with an anxious throng. At about 1 p, m, f when tho nows became generally known, tho sidewalks of wall, Nassau, and Broad streets were thronged with a mixed assemblage of .people. Few of theso hod any pecuniary Interests Involved, but having nothing else to do, concluded they could aa well afford to spend tholr time there as elsewhere. These formed a swaying, agitated, and excited mass .which It was difficult to to penetrate. Tho crowd stretched over tho side walks Into tho centre of tho street, and ovon filled tho basements of contiguous buildings. Not content with their places, they clambered over tho railings, filled tho basement, peered through windows, aud oven Invaded tho offices. So Intolerable became the nuisance that tho bankets were obliged to have a detachment of police and detectives,—tho former to disperse tho crowd, and tho latter to nul lify the operations of pickpockets and sneak thieves who were on hand to avail themselves of any opportunity for plunder, Officers were then perma nently stationed around tbo entrance, with orders to disperse all loungers and keep the sidewalks clear. IN PHILADELPHIA. Special Dispatch to The Chicago Tribune, Philadelphia, Pa., Sept. 18.—Third street was thrown Into on uproar at 11 o’clock this morning by tho report that tho old banking-house of Jay Oooko & Co. bad suspended. Tho rumor caused tho most In tense excitement amid all circles, and the Intelligence flow from mouth to mouth with lightning rapidity. Persona interested, as well as those not Interested, turned their stops toward tbo office on Third street to eco for themselves tbo condition of affairs. Very soon a constant stream of people was seen debouching from all tho adjoining streets Into Third, until that street was filled with peo ple, all Intently and excitedly looking at tho building. Tho doors wore closed and guarded by officers, and all except those having business with tho firm were pre vented from entering. Anxious and nervous faces peered through the crowd towards tho shutters of tho banking-house, and nowand then a voice would ask, “Is the nows true?" Nobody cared to auswor, but simply pointed to tho door. Tho crowd con tinued to augment; some were drawn sim ply from • Idle curiosity, standing on tho opposite aide of tho street from tbo building, end looking up as If to read tbo condition of affairs in tbo broad expanse of brick walls. Those more Immedi ately concerned In tho firm’s business, pushed their way nearer for tbo purpose of getting a closer and more tangible knowledge of things. Thicker and thicker grew the crowd. Oftenor came the, question from new comers, whispered or spoken, inquiring as to the truth of tho reports; more and more excite ment prevailed. The policemen wore Inexorable, and only those known were allowed to enter. Those who emerged from the building showed excitement or in tense feeling upon their suspension. It Is aa yet Impossible to speak accurately of the cause of tho suspousion. They seem to have been forced to this operation because of tbo Now York house. The dispatches received from New York this morning by tbo head of tho firm wore as follows; “ New York, Bept. 18.— Rumor on tho street of tho failure of Jay Cooke b Co." “ New York, Sept. 18.—Failure of Jay Cooke b Co. pronounced untrue.” •* New York, Sept. 18.—Jay Oooko & 00. have bob pended,” Immediately upon tbe reception of these dispatches, tho doors of tho I’hlladolpla banking-house were closed, and the crowd become so groat that a posse of officers was called to' maintain .order; After a short consultation, Mr. Oooko, Sr., authorized tho posting of a notice on the doors. Tho crowd then rushed toward tho spot, all being desirous of seeing and reading for them selves what was upon It. This was Impossible, and a voice from tbo crowd cried out, “ Read it aloud.” Tbo demand for this Increased, fifty voices seconding tbe request; whereupon Mr. D. M. Lougstroth read aloud, to be heard in tho middle of tho street, the fol lowing : “To THE POBUO; We regret to be obliged to announce that, owing to unexpected demands upon us, our offite has been obliged to suspend pai/ment. In a few davs tee wilt be able to present a statement of our affairs 'to our creditors. Until that time, ice must ask for their patient consideration. W* believe our assets to be largely in excess of our liabilities. - Jay Oookk & Co." This statement settled tho existing doubt which still lingered in the minds of many of the crowd, who. not withstanding tho evidence which the closed doom of a banking-house exhibits, »UU hoped against hope till almost tho very signature of the firm was read. This reading woe, however, but for ono crowd ; that passed away to make room for another and another, and. at the present hour, the nowa having reached farther and farther, caused a still greater swelling to a constantly augmented stream pouring Into Third street. Thu report flow Uko wild-fire. and Boards of Exchange and other business bodies ad journed perforce, and their members rushed to swell tho surging throng (hat filled Third street. The expressions upon every side wore those of com miseration and of sympathy for a firm (bathos always so highly maintained Its credit, and which will raise up from this temporary prostration stronger than over. Mingled with these eipresslone were those of confidence In tho ability of tho firm to moot every dollar of liability, to discharge itself of all Its great trusts as faithfully us It had always executed them. Of this confldouco there was another evidence to any observer who stationed himself on Third street. From tho moment (ho announcement was made until the close of banking hours, those who road tho curd felt it to bo a statement in which they could confide, that the embarrassment was only for a few days—tba: tho assets of so careful u firm were larger than 1U liabilities. Many reporters tried to gain admittance, and but few wore fortunate. The reporter of tho Jivening Telegraph was tho first to enter, and I followed shortly afterward. Tho Banking Boom was darkened ; the clerks wore scattered through tho building, some lu groups, chatting about the disaster, and others as busily engaged at their books as upon ordinary occasions. We found Mr. Cooke In his private ofilca calmly dls -1 otehlng his orders, and unexoltedly conversing about (he sudden and unexpected blow (hat had befallen bun, lie pleasantly welcomed whoever called ut>ou him to express sympathy and confidence. He said : You can announce that tho firm has temporarily sus pended. Please state also that I believe this house will speedily be relieved from embarrassment, ana (bat lo thin end, if nood« bo, every dollar of the moans possessed by (be mem bers of the firm will be applied. No one who baa a dollar on deposit berc will lose It, Every liability will be faithfully discharged, I can say no more now.*’ Ur. Cooko then directed notices of (bo temporary suspension, an couched above, to bo scut abroad: ami stated (bat this event cloned tbo doors of threo ofDcea—lho three loading bouses of tbo firm In Washington, Now York, and (bin city. Then, with bis brother members, ho commenced an Investigation to ascertain tbo exact financial standing of tho firm. Tho temporary suspension of (bo American house does not effect In any way tbo London bouso of Jay Oooko, Me- Oullough & 00.. from whom camo tills afternoon tbo following cablegram. Its statement, when made kn .?7 n *° (bo public, created tbo liveliest satisfaction, Londok. Sept. 18.*—Tbo London firm of Oooko re sponds to bis suspension by slating that all drafts and letters of credit on them, issued by Joy Cooke it Co., will bo duly honored." . mailer of course, there la a great amount of *u reforonco to tbo suspension. Everybody has something to say. Some of tbo remarks of pronil- R®?. 1 *L rok 5 r " ar .° Ono sentloman staled ™ fl » r ™’A n belief, ,wcro heavy depositors In tbo First National Bank or ■Washington, which has also suspended. One of our wealthiest brokers said : "Ibis firm decidedly merits tbo sympathy of the people, aa well as that of tbo Government. They did much, very much, to place the Government on a sound financial basis In tho most critical period of its career. I havo not tho slightest doubt of their reopening. This la ono of those disasters that may overtake tho most prudent, A roan must necessarily depend upon some ono else. Lot the lattor fail, and tbo former muat, as a matter of course, be affected by bis failure. The market Is very much depressed in railroad stocks, and If you watch closely you will notice how some of tho shrewd operators aro now buying, in tho expectation, which 1 have little doubt will bo realized, that tho prices will rise In o few days,” A groat many firms will be seriously affected, while some will Irrecoverably go under. An old gentleman who came up tbo street, attracted by tbo unusual ox* cUoment of tho throng, pressed up to tho door of tho banking house, carefully adjusted his spectacles, and read tbo notice of the temporary cnspenaJon. “ well," bo. exclaimed, "well, that’s too bad. Mr. Cooke’s got about SIO,OOO of my money behind those . doors, and, suspension or no suspontlon, I know It’s as good as wheat.” «I don't doubt that,” said a bystander, “ I believe that tho firm Mill leave no creditor unpaid of hla just dues, I think that, if the firm Is in a stress of weather, they ought to obtain all tho help they need from o Government that you can almost say they saved.” Tho house of E. W. Clark A Co., No. 14 North Third street, dlosed their doors at half-past 1 o’clock, It being understood on tho street that they had sus pended temporarily. This well-known firm was close ■ly allied to tho First National Bank of Wauelngton, and It Is expected that It will bo able to recover Itself In a short time. Upon the announcement of tho suspensions In Now York and Philadelphia, Pennsylvania Railroad slock dropped suddenly from 63# to Cl, and remained un steady. Mr. A. J. Droxol, this mom lng, iiajinc consulted with tho authorities of tho Pennsylvania' Railroad Company, empowered Mr, Oomblca to onuounce to tho Poard of Brokers that tho credit of that Cerporatlon was unaffected by tho dis asters to the Now Xork, Philadelphia, and Washington houses, and that its finances wore never in a belter condition. When this statement was made, tho stock immediately reacted and soon commanded its old prices. At all the Third street offices there wore crowds of anxious men.—men who carried heavy amounts of stock on small margins, end men who, with ready funds, laid in wait for a “drop" for Judicious invest ment. Tbo scenes in these crowds were sometimes amus ing, oven In tho distress which was occasioned to some who suddenly discovered that tho stock they carried had sunk far below tho prices at which they had taken them on. A man who had boon walling for a raise In Central Pacific, intending to dispose of It at an advantage this morning, found no sales, and, to his agony, discov ered himself out $20,000 by tho operation. Men rushed frenzied to and fro,—some in doubt whether they should hold on or let go, others anxious to sell before tho paper they held went down any tower In tho scale. At Drexol’s, Jamison Pointer’s, and tho other largo ostablisracnts were crowded to hear the latest nows concerning tho changes In the various stocks that were ou tbo boards at tho Exchange. Tbo effect of tbo panic in financial circles appears to bo mainly seen in tho depression of leading stocks. Pennsylvania, Reading, and Lehigh show tho following difference since this morning: Pennsylvania, a. ro„ 63; p. m., 49#. Reading, a. m., 64; p. m„ 61. Le high Navigation, a. m. 34#; p. m,, SO. Tho transactions at tho latter rates, however, wore light, and they were merely nominal. 1 have Inter viewed several members of tbe Stock Board and oth ers, who know somewhat of tho affairs of Jsy Cooko & Co., as to tbolr liabilities, and I can safely say that no three men agree as to tbo probable amount. Tho fig ures aro high, aud, I think, much exaggerated, and vary from five millions to fifteen millions aud twenty-one millions. One broker remarked that market will beta a panic fora long time, and that there is a unanimous fooling of sympathy for Mr. Cooko among tho brokers, and a generol belief that ho will open shortly. As regards Mr. Cooke’s promises, ho says: “ 1 believe that whatever Jay Cooko says, bo will do, if it takes his last cent. That's the kind of a man he is. I don’t bollovo there is a creditor of tho firm who will not got every dollar ho has trusted to it.” About 3 o’clock p. m., the following notlco was is sued : “ A circular will bo Issued by Messrs. Jay Cooko k Co. to their correspondents, to tho effect that they aro confident of paying all demands, with o sur plus ; and that tho House of Jay Cooke, McCulloch k Co., of London, has not suspended, and that all thoir acceptances and credits will bo provided for.” Tho statement of tho flrmjthat they believe their assets to be largely In excess of their liabilities will give con fidence to tho public boro that their houso will soon bo able to resume. Hero all have faith in tho integrity of Jay Cooke k Co., and in their ability to oxtrlcato themselves from tbolr present difficulty. It la reported that three largo firms will also suspend to-morrow. Messrs. E. W. Clarke k Co. Issued, at 3:15 p.m., the following statement of thelr'affalrs: “Wo have, very unexpectedly to ourselves, been obliged to suspend payment to-day by reason of tho unusual demands made upon us for tho return of de posits. In a very few days wo shall have a statement of our affairs to submit to our creditors, until which time wo must ask them to Indulge us. Wo have every reason to think that our aaeoU> aro largely in excess of our liabilities.” It was currently reported, about 2 p. m., that Thomas A. Scott, of tho Pennsylvania Railroad, has failed for a argo sum, lamin a position to moat distinctly con radict it. To the Associated Press. Philadelphia, Sept. 18.—As In connection with tho suspension of Jay Cooko k Co., many holders of Northern Pacific Railroad bonds throughout the coun try will naturally foci concerned about their invest ments, Inquiry has been made, and developed the fact that tbo Northern Pacific is largely Indebted to Us fiscal agents, and therefore can lose nothing pocunlarly by their suspension. Tho rail road. company will havo to make other financial arrangements before pushing forward Us line. It has Us completed road and Government land grant both mortgaged to secure Us bonds, and the se curity la considered amply sufficient. There is no truth wbatovor in tho rumor that the National Life Insurance Company is in any way af fected by tbo suspension of Jay Cooke k Co, Philadelphia, Sept. 18.—There are no now devel opments to-night in tbo financial troubles hero. Mr, Cooko will not bo able to present a statement of his affairs for a dev or twoyot. Whllo there is excite ment among the business community over the sus pension, great sympathy is expressed for Mr. Cooke, and hopes are entertained that bo will eventually weather tbo storm. Tbo temporary suspension of E. W. Olarko A Co. was on account of advances on securi ties not now' available. From a published statement by them, it appears that the house will resume busi ness at an early day. IN WASHINGTON. Special Dispatch td The Chieaoo Tribune, Washington, D. 0., Sopt. 18.—Your correspondent was in Arcbiteot Mullctt’s room at about balf-past 10 o’clock this morning, talking with this official In regard to tho thirty odd public buildings he is now construct ing, when tbo notorious Louisiana Congressman hurst iu, palo as death, with tho astounding statement that tho firm of Jay Cooke k Co. bad suspended, and a financial crisis was at last upon us. Bypbor, for once, was too serious not to bo improsslvo, and a sensational silence of a few minutes followed, broken at lost by Mullet, who said: “By George, that is no nows to me. I have boon ex pecting It for six months. Tbo pooplo of tho country havo been well warned about It. That Northern Pacific Rail road has burled thorn.” In an instant tho nows Hew through tho Treasury, and the atmos phere of tho Department, lu which the conversation was going on, was very gloomy indeed. Clerks, hlads of bureaus, heads of divisions, were pouring out upon tho colonnade aud at the doorways which afforeed a view of Oooko's banking-house. Before tho hanking-houßO in question hundreds of people wore congregated. Too common remark was: “Well. I thought if any concern was well secured, It was tho house of Jay Cooko A Co., which only seemed to bo another name for tho Treasury itself,” Tho banking house of Jay Cooko A Co. in tho Federal City Is a handsome, but not ostentatious, edifice, only two stories high, fronted with marble. Below is the banking-house of the firm; lu the second story is tho First National Bank, which Is, by all rumor and belief, an appendage ami alias of the house of Jay Cooko A Co. It Is commonly said here that tho First National Bank Is tho Govern ment pawnbroker, which haa taken all kinds of doubt ful cofiatorlals lu pawn, advancing upon them. Below tho First National Bank was the house of Jay Cooke A Co. proper. This house wan a kindly re ceptacle for (ho drafts of all sorts of professional aud political pooplo. Hero, also, tho National Life Insur ance Company bad Its headquarters,—a corporation chartered by the Federal Government contrary to all good precedents. This Job. us well as tho Northern Pnclflo Job, was lobbied through Congress by Bam Wilkinson and William E. Chandler. 7 The above reference may make plain to you tho sort of concern which Jay Cooke & Co. kept up in tho Oily pf Washington. The partners in this bouse prob ably had little knowledge of tho work transacted under their. entablature, but the trouble with this house was Its want of a responsible head, it Is generally believed that Joy Oooko forced Henry D. Cooke Into the position of Governor of this District, In order to give his house a paramount Importance, and neutralize other bankers. No firms in tho country have been so conspicuous aa the Cookes and the Droxols, both of the provincial rity of Phila delphia, In rutting each olhora’ throats hero. Nobody woe present around the Washington branch NUMBER 29, to answer questions, and everybody! l r ucd . for Information. Around tho city, off K 1 ", 1 • of discursive explanations were rife. Borne said th o h o«"o would ho on lis feet within a week, „. OT ' ,j~r' B l ) l ,cr ‘l was mol, after the roughness £ L Un tho n «‘w fl l ,Iry » an(l .. Mj<l follows a a . ro . pleasantest ami most graceful men who havo tried banking In tbia country for years. They will oulboad, ImtthosngS Inislnoas men shook their heads ami said that a house? which Is represented In three American cities ami tlicW ho great financial coutro of Europe could not afford tho stigma of a suspcrMou If It had any avail able resources or credits. Predictions made* a year ago that Jay Cooko A Coj Co. wore embarrassed and lu an unsafe condition ora now recalled. It was then asserted that tho Oomrnnw was carrying too largo an amount of Northern Pacific Railroad bonds, amounting, it Is said lo about 1fi.1,000,- 000, and that tho sales of these bonds only equalled a small fraction of tho Interest thereon, which Oooko A Co. had pledged thcmselvcu to pay as it became due. Tho liabilities of tbo concern are estimated variously at from $7,000,000 to $20,000.- 000. Tho First National Bank Is Involved lo tho extent of not leas than $700,000, including over $120,000 doll* clcncy In tho reserves which the bank should have md on deposit, ns required by law, When (ho Inst report of Its condition was mado to the Comptroller of tho currency, it was shown (hat (ho bank was short In Its reserves to about the above amount. Knox found fault with tho bank for allowing this discrepancy to occur, and demanded that on immediate squaring up l>o mado, but tbo bank authorities had, It la said, mada excuses of all sorts, from time' to time, when these demands were repeated, and had failed up to to-day to comply, Tho First National owes various amounts of money to nearly every National Bank In tho country for mutilated aud worn-out currency ami National Bank notes, forwarded to tho Treasury through tho First National Hero for redemption, A Receiver Is to bo Immediately oppolulod. Secretary Richardson has but little to sayobouttha matter. Redoes not fear that Ihc Government will sustain any serious loss. If any tboro may prove tfl bo, It can only bo ascertained after tbo examination o£ tho Receiver shall ho made. Tho manner of Becrolary Richardson, as well os of Comptroller Knox and a few other officials, Is, to say tho least, ominous, Tho Evcntng Star editorially says: “Wo are glad to learn, from well-informed persons, that tho suspension will ho but temporary, It being caused by tho overloading of tho firm with Northern Pacific Railroad bonds. Tho firm having furnished a very large amount in tho construc tion of tho road, and being unahlo to dispoEoof tho securities, was compelled to suspend, Tho firm is a very wealthy one, and will doubtless soon right itself. The suspension docs not extend to tho London house, which is In good condition, with a largo surplus,” Tho Administration Ilfpublican wilt contain fe double leaded editorial to-morrow, saying s “ Tho fall of tho houao of Cooko A Co,, is, In many respects, more important than the overthrow of a monarchy* Tho event, In whatever light it Is regarded, Is a na tional calamity, and wo aro confident that tho announcement of tho suspension was everywhere heard with tho most genuine and hcart-fclt rogrot. Tho history of tho firm was, la a great extent, part and parcel of tho financial history of the Government itself during tho last thirteen years. Tho country can never forgot what Jay Cooka did during tho first gloomy months of tho Rebellion, any moro than it can forgot tho names of tho Captains and Iho roll of its dead warriors. Mr. Chnso sat helpless In tho Treasury. Mr. Btantou was powerless lu tho War De partment, until ho showed them how to tap tho well spring of tho national credit and call forth tho un limited financial rcaouscca of tho Republic. All thin the country will forever remember, and now, lu tho hour of his calamity, will extend to him Its fullest sympathy. This, howoVor, Is not tho tlmo to write bis eulogy. The failure was. It seems, caused by Immense transactions In tho Northern Pacific Railroad Company*, and In other companies con nected with It. Notwithstanding the low znouso grants and concessions it obtained from tho Government, tho enterprise has been from tho beginning a failure. Its bonds have never obtained a foothold In tho money market, bnt tho firm, with ltd Immense resources and a justifiable prido In lla own strength aud power, determined to carry it to success, Tho result is told In our dispatches. Tbo homo has failed, and Its failure Is a very groat misfortune. At tho present: writing it is not possible to estimate tho losses of tho firm, but there is reason to bollovo that they aro not so large as is popularly bollovod. Bo far as (ho business of the country Is concerned, It had no perceptible influence. The moral effect of tho failure is tho worst aspect of It. It Hocms strong© that a house so well es tablished, so strong In all Us relations, should sun pond, hut, when tho immoueo obligations which It undertook to carry aro taken into considera tion, It can hardly bo a matter of surprise. During tho last few years there has been entirely tod much speculation, especially on tiio part of Borne of our leading bankers. Jay Cooko A Co. un fortunately yielded to tho temptation, and they havo been swept away In tbo current. They wero so strong and confident that they undertook, of themselves and by themselves, to carry out tho most gigantic enterprises, which would tax tho strength of a Government oven ns strong as our own, but In their fall it is to illoir honor that they alouo aro tho sufferers. Tho Northern Pacific dis aster doco nnt involve any mnt«*p|n! lo*b to anybody except themselves. Their failure is ono for which they need not blush. Tho latest Information on tho subject is to tho effect that tho suspension is only temporary, and that tho firm will resnmo busi ness in a few days, an expectation which it Is to ba hoped will bo realized. "Under any circumstances, tbo result of the suspon sion of Jay Cooko A Co, will not nfl'ect the value of our District securities. The senior member of the Arm; while exresslng a kindly iutcrcst in the program of tho District, has firmly and persistently declined at all times to open an account with tho Government for (ho negotiation of its securities. Ho has repeatedly given as a reason for this course, (ho fact (hut tho operations of tho houso In (hat does of business were necessarily confined to (be requirements of its railroad enterprises. In short, it Is safe to assert that tho direct Infiuenco of tho affair will bo confined to tho moneyed circles of tho largo cities and tho class of pooplo who may be in* (crested In railroad securities. We havo tho best of reasons for stating that the District banks, outside of tho First National, are perfectly solvent and sound, totally unaffected by tho complications of Jay Cooko & Co.” The Chronicle claims to have tho best authority for saying that tho failure is as complete a surprise to tho loading members of the firm as to the public. "Gov. Cooke returned from Philadelphia on Wednesday, and, although, for somo days, tho firm havo been laboring under tho pressure of a severs money stringency in their operations, still ho was fully satisfied that they would avoid tho apparent danger, aud meet tholr obligations and bo able to secure tho renewal of their paper, and tho first in formation he had to tho contrary was tho dispatch announcing that tholr Now York house and (hen tholr Philadelphia house had closed, which, of course, compelled similar action. To meet tho last payment of interest aud protect tho character of their bonds was tho immediate difficulty that occasioned suspension. Owing to (ho complication of business matters, renewals could not bo obtained, nor addl tlonal advances scoured, and, as a consequence, there was no remedy but suspension. Wo are authorized to say that tho firm havo boon engaged in no goucral speculations in stocks, and have mot with no financial disaster further thnu is hero stated. Tha best that can be dono for all interests Is to give tho firm our assistance In regaining position, in place of adding to their' embarrassment in useless clamor ami demand.” [To the A ssociated Press.] Washington, Sept. 18.— Tho Chronicle of to-mor row, alluding to (he closing of Jay Cooke k Co.’s bank, this city, says it has tbo best authority for saying (hat tho failure is as complete a surprise to tho leading members of tbo firm as to tbo public. Gov. Cooko re turned from Philadelphia ou Wednesday, and although for somo days tho firm havo boon laboring under the pressure of sovero money stringency In tholr opera tions, still bo was fully satisfied that they would avoid apparent danger, and moot their obligations aud bn able to secure tho renewal of their paper, and tho first information ho had to tho contrary was a dispatch announcing that tholr New York houeo ami then their Philadelphia house had closed, which of course compelled similar action boro. Tho Chroni cle aho remancs: " Tho firm la composed of gentle men of largo personal wealth, and they glvo the roost positive assurance that individual depositors shall bo protected, and that they will bo ablo in a abort time to resume business. Wo are authorized to say that the firm have been engaged in no general speculation in stocks, and havo mot with no financial disaster further than la here stated. It was said about tho Treasury Department to-day (hat (hero was yesterday passed to tho London firm of Jay Cooko k Co. a warrant for $1,000,000 to pay tho naval officers abroad, but that Do fiartment haa boon advised that the warrant will be ro urned,” Washington, Sept. 18.—The First National Bank has suspended. Secretary Richardson and Comptroller Knox aro lu consultation this afternoon in reference to tho suspen sions hero, and a Receiver will probably bo appointed to hike charge ot tho First Notional Bank. Tim Secretary of the Treasury states that the Government does not lose by tbo suspension, tho deposits of the Government officers iu the First National being fully secured by tho deposit of that institution in tho Nn» tlonal Treasury, As to tho Syndicate operations, tha balance is In favor of tho Government, they having overpaid at (ho last settlement. Lato this afternoon there was something of a run on tho Washington City Savings Bank. All demands so far havo bcou promptly mot. ALONG THE NORTHERN PACIFIC. Special Dispatch to The Chicago Tribune. Duluth. Mlnu., Bent. IB.—lntenso feeling hero In regard to the failuro of Juy Cooke k Co. Stxeial Dispatch to The Chicago Tribune. Fauoo, D. T., Sept. 10.—The excitement along Ilia lino of tho Northern Pacific Railroad over the reported failure of Jay Oooko & 00. extends from Duluth to iJlsmarck. Dakota, It prostrates everything, and nothing else la talked of. Kilrao have hoen issued by moat of tho papers, and a feeling of tho profoumluet regret seems to h&vo settled down on all. IN CINCINNATI. Special Piepateh to the Chicago Tribune. Cincinnati, 0., Sept. 18.—'The announcement of the failure of Jay Cooke created universal comment out caused a conservative feeling lu money circles, but there Is'no excitement over the event, The Cincinnati correspondents of tho house of Jay Cooke k 00. art but. illghtly affected by tho failure. There are but few Northern Pacific llollroad bonds here, and thosn CoulfmtfiJ on the Hiahth J'aac