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L. G. GOULD, Publisher. Devoted lo the Interests of the Democratic Party, and the Collection of Local and General News. Two Dollars per Annum, in Advance, WHOLE NUMBER 336. VOL. VI.--NO. 50. EATON, OHIO, THURSDAY, OCTOBER 2, 1873. HJATON W REMORSE. I met him on the street one morn a youth npon whose head Pomade and twenty summers their balmy sweets had shed ; A slender youth, in life's Hay-time, when sides ap pear serene, And foilage and neckties and things looked glad and green. But care sat on his pallid brow and marked his hag gard cheeks. And plowed his paper bosom in unseemly rumpled streaks ; And melancholy dimmed his eye, obscured its lus trous flash. And was denoted by the state of his unkempt mus tache. What ails thee, hapless youth T said I. He heaved a deep-drawn sigh Of mingled woe and cardamom and thus he made reply : I am that epidemic known as the Druggist's Clerk, Haunted by the ghostly specters of the victims of work! " Through all the day they follow me, a ghostly reti nue, And through the night surround my bed, bent on an interview ; They give me neither rest nor peace, for each aveng ing shade Bevivee the horrid memory of blunders that I've made. Ths spectral infants glare at me, and though their lips are dumb, Too well I know the victims of perverted laudanum! And those old ghosts that glare at me with bleared, accusing eyes, Were folks cut off by arsenic, to their extreme sur prise. ".Prescriptions cannot always be interpreted at sight. And Arrowroot, on paper, sometimes reads like Aconite ; Sut when a man gets the wrong stuff, and goes sway and dies, And then his ghost goes back on me tis conduct I despise? " I might endure the strangers' ghosts ; but both my parents died Before my blunder in their case could be quite rec tified; And now their spirits visit me, and drive me almost wild, By their reproachful glances at their orphan chi-yt-ild!" Filial emotion choked him here, and while he wiped his nose, I wrote a brief prescription his excitement to com pose. - Take this composing draught," said I, " and mix it in your store. And the ghosts of poisoned customers will trouble you no more." I boilded wiser than I knew. That absurd clerk misread The recipe, as usual ; and then he went and fed Himself with "Acid JPrvmatm, whereas I wrote quite plain : One ounce of A qua Pvra and Lupulia one grain. Buffalo Courier. THE PIKE'S PENANCE. Where they came from no one knew. Among the farmers near the Bend there was ample ability to conduct researches beset by far more difficulties than was that of the origin of the Pikes ; but a charge of buckshot which a good-natured Yankee received one evening, soon after putting questions to a vener able Pike, exerted a great depressing influence upon the spirit of investiga ,tion. They were not blood-thirsty, these Pikes; but they had good reason to suspect all inquirers of being at least deputy sheriffs, if not worse, and a Pike's hatred of officers of the law is equaled in intensity only by his hatred of manual labor. But while there was doubt as to the fatherland of the little colony of Pikes at J agger's Bend, their every neighbor would willingly make affidavit as to the cause of their locating and their remain ing at the Bend. When humanitarians and optimists argued that it was because the water was good and convenient, that the Bend itself caught enough drift wood, and that the dirt would yield a little gold when manipulated by placer and pan, all farmers and stock owners would freely admit the validity of these reasons ; but the admission was made with a countenance whose indignation and sorrow indicated that the greater causes were yet unnamed. With eyes speaking emotions which words could not express, they would point to sections of wheat fields minus their grain-bearing heads ; to hides and hoofs of cattle unslaughtered by themselves ; to mothers of promising calves, whose tender bleatings answered not the maternal call; to the places which had once known fine horses, but had been untenanted since certain Pikes had gone across the mountains for game. Ther would accuse no man wrongfully ; but in a country where all farmers had wheat and cattle and horses, and where prowling Tndiarm and Mexicans were not, how could these disappearances occur? But to people owning no property in - the neigh borhooa to tourists ana artists the Pike settlement at the Bend was as interesting and ugly as a Skye ter rier. The architecture of the village was of original style, and no duplicate existed. Of the half dozen residences, one was composed exclusively of sod. another of bark, yet another of poles, roofed with a wagon-cover, and plaster ed on the outside with mud ; the fourth was of slabs, nicely split from logs which had drifted into the Bend ; the fifth was of hide, stretched over a frame, strictly Gothic from foundation to ridge pole ; while the sixth, burrowed into the hillside, displayed only the barrel which formed its chimney. A more aristocratic community did not exist on the' Pacific coast. Visit the Pikes when you would, you could never see any one working. Ut churches, school houses, stores, and other plebeian institutions, there were none. and no Pike bemeaned himself by enter ing a trade or soiling his hands by agriculture. Yet unto this peaceful, contented neighborhood there found his way visitor who had been eveywhere in the world without once being made wel come. He came to the house built of slabs, and threatened the wife of Sam Trotwino, owner of the house ; and Sam, after sunning himself uneasily for a day or two. mounted a pony and rode off for a doctor to drive the intruder aw.iv. When he returned he found all the men in the camp seated on a log in front . of his own door, and, then he knew ' he must prepare for the worst only one of the trreat influences of the world ' could force every Pike from his own door at exactly the same time. There thev sat. yellow-faced, bearded, long- backed and bent, each looking like the other, and all like Sam, and, as he dis mounted, thev looked at him. " rTnnr ia nhe V" said Sam. tvinflr horse and the doctor's, while the latter went in. "Well," said the oldest man, with deliberation, ' the wimmin's all thar, that's any sign." Kaoh man oa the log inclined his if his head slightly but positively to the left, thus manifesting belief that Sam hod been correctly and sufficiently answered. Sam himself seemed to regard his in formation in about the same manner. Suddenly the raw hide which formed the door of Sam's house was pushed aside, and a woman came out and called Sam, and he disappeared from his log. As he entered his hut all the women lifted sorrowful faces and retired ; no one even lingered, for the Pike has not the common human interest in other people's business he lacks that, as well as certain similar virtues of civiliza tion. Sam dropped by the bedside and was human ; his heart was in the right place, and, though heavily intrenched by years of laziness and whisky and to bacco, it could be brought to the front, and it came now. The dying woman cast her eyes ap pealingly at the surgeon, and that worthy stepped outside the door. Then the yellow-faced woman said : " Sam, doctor says I ain't got much time left." " Mary," said Sam, " I wish ter God 1" could die fur yer. The children " "It's them I want to talk about, Sam," replied his wife. "An' I wish they could die with me, rather'n hev'em ez I've lied to. .Not that you ain't been a kind husband to me, for you hev. Whenever I wanted meat yev got it somehow ; an when yev been ugly drunk yev kept away from the house. But I'm dyin', Sam, and it's cos you've killed me. " Good God, Mary I" cried the aston ished Sam, jumping up ; " yu're crazy here, doctor." " Doctor can't do no good, Sam ; keep still and listen, ef yer love me like yer once said yer did; fur I hevn't got much breath left, gasped the woman. "Mary," said the aggrieved Sam, " I swow to God I dunno what yer drivin' at" " It's iest this. Sam. replied the wo man. " xer tuK me, teiun me ye a love me an honor me, an perfect me, You mean to say now yer done it ? I'm ,-dvin . Sam JL ham t got no favors to asK ol noooay, ana x m teiiin tne truwi, not knowin what word will be my last" " Then tell a feller where the killin came in, Mary, for heaven's Bake," said the unhappy Sam. " It s come in all along, sam, said the woman. "There is women in the States, so I've heerd, that marries fur home an bread an putter, out you promised more'n that, Sam. An I've somethin' in me that's all starved and cut to pieces. An' it's your fault, Sam. . tuk yer fur better or lur wuss, an ve never grumbled. I know yer haint, JYlary, whispered the conscience-stricken Pike. "An' I know what yer mean. Ef God 11 only Marv- a-croin'. I wish there was something I could do 'fore you go, to pay yer all I owe yer. I'd go back on everything that makes life worth hevin , " Pay it to the children, Sam, said the sick woman, raising herself in her miserable bed. " I'll forgive yer every thing if youll do the right thing for them. Xjo do everything t said tne woman, throwing up her arms and fall ing backward. Her husband s arms caught her ; his lips brought to her wan lace a smiie, wiiicii uiu grim visitor, who an instant later stole her breath, pitvineTv left in full possession of the ngjlliiui iimeriuuiw imm nmuuib uiw been so long excluded. - l i i - i : r .l, : -.1, i. r Sam knelt for a moment with his face beside his wife what he said or did the Lord only knows, but the doctor, who was of a speculative mind, afterwards said that when Sam appeared at the door he showed the first Pike face which he had ever seen any signs of souL Sam went to the sod house, where lived the oldest woman in the camp. and briefly announced the end of his wife. Then,, after some consultation with the old woman, Sam rode to town one of his horses, leading another. He came back with but one horse and a larsre bundle : and soon the women were making for Mrs. Trotwine her last earthly robe, and the nrst new one sue had worn for years. The next day a wasron brought a coffin and a minister. and the whole camp silently and re V - . .... - spectfully followed Mrs. Trotwine to a . V.. 1 " 1 . 1 U n 1 home Willi wnicu sue cuuiu uuu no fault For three days all the male Pikes in the camp sat on the log in front of Sam's door and expressed their sym pathy, as did three friends of Job that is. thev held their peace. But on the fourth their tongues were unloosed. As a conversationalist the JriKe is not a success, but Sam s actions were so un usual and utterly unheard of that it seemed as if even they must have won dered and communed among themselves, I never heard of such a thing, said Brown Buck : " he's gone an bought new clothes for each of the four young uns, Yes," said the patriarch of the camp, " an this mornin , when x went down to the bank to soak my head, 'cos last night s liquor didn t agree with it, I seed Sam with all his young 'uns as they wus a-washin their faces an hands with soap. Thev 11 ketch their death and be on the hill with their mother 'fore long, if he don t look out. Some body ort to reason with him." " 'Twould do no good," sighed Limp ing Jim. "lies lost his head, an reason goes into one ear an' out at t'other ear. When he was scrapin' round this front door t'other day, an' I asked him what he wuz a-layin' the ground all bare an' desolate fur, he said he was done keeping pig-pen. Now everybody but Tiim knows he never had a pig. His head's gone, just mark my words." On the morning of the fourth s day, Sam's friends had just secured a full at tendance on the log, and were at work on their first pipes, when they were startled by seeing Sam harness his horse in the wagon and put all his children into it. - " Whar ye bound fur, Sam ?" asked the patriarch. Sam blushed as near as a Pike could, but answered, with only a little hesitation; Goin to take 'em to school tosllax- field goin' to do it ev'ry day." The incumbents of the log were too nearly paralyzed to remonstrate, but after a few moments of silence the patriarch remarked, in tones of feeling, yet decision: " Me s heel a tough time or it, out he's no business to ruin the settlement I'm an old man myself, and I need peace of mind, so I'm going to pack up my traps and mosey. When the folks at Maxfield knows what he's doin, they'll make him a constable or a justice, an' I'm too much of a man to live nigh any sich." And the next day the patriarch wheeled his family and property to parts unknown. A few days after Jim Merrick, a brisk farmer a few miles from the Bend, stood in front of his own house, and shaded his eyes in Bolemn wonder. At couldn t be he'd never heard of such a thing before yet it was there was no doubt of it there was a Pike, riding right to ward him, in open daylight He could swear that Pike had often visited him that is, his wheat-field and corral after dark, but a daylight visit from a Pike was unusual as a social call of a Samar itan upon a Jew. And when Sam for it was he approached Merrick and made his business known, the farmer was more astonished and confused than he had ever been in his life before. Sam wanted to know for how much money Merrick would plow and plant a hun dred and Bixty acres of wheat for him. and whether he would take Sam's horse a fine animal brought from the States, and for which Sam could show a bill of sale as security for the amount until he could harvest and sell his crop, Merrick so well understood the Pike nature that he made a very liberal offer. and afterward said he would have paid handsomely for the chance. A few days later and tne remaining Pikes at the Bend experienced the greatest scare that ever visited their souls. A brisk man came into the Bend with a tripod on his shoulder and a wire cham and some wire pins, and a queer machine under his arm, and before dark the Pikes understood that Sam had de- liberatelv constituted himself a rene- gade by entering a quarter section of land. .Next morning two rxiore residences were empty. and the remaining fathers of the family adorned not bam s log, but wandered about with faces vacant of all expression, save the agony of the patriot who sees his home invaded by corrupting influences too powerful for him to resist Then Merrick sent up a plow-gang and eight horses, and the tender green of Sam's quarter section was rapidly changed to a dull brown color, which is odious unto the eye of the Pike. Day by day the brown spot grew larger, and one morning Sam arose to find all his neighbors departed, having wreaked their vengeance upon him by taking away his dogs. And in his delight at their disappearance Sam freely forgave them all. Regularly the children were carried to and from school, and even to Sunday school. Kegularly every evening bam visited the grave on the hill-side, and came back to lie by the hour watching the sleeping darlings. J-iittie by little farmers began to realize that their prop erty was undisturbed. Little by little Sam's wheat grew and waxed golden, and then there came a day when a man from 'Frisco came and changed it into a heavier gold more gold than Sam had ever seen before. And the farmers be gan to step in to see Sam, and their children came to see his, and kind wo men were unusually kind to the orphans : and. as dav bv dav Sam took his solitary walk up the hill-side, the load on his heart grew lighter, until he ceased to fear the day when he, too, should lie there. California Exchange. What Will Become of the Northern Pacific? What is to become of the Northern Pacific railroad ? The question inevi tably rises upon the suspension of Jay Uooke & Uo. a he construction of the Northern Pacific may be said to have been exclusively in the hands of this firm. The only partners Jay Cooke & Co. had in the enterprise were the bondholders. Jay Cooke & Co. having failed, there is but one way in which the road can be completed, and that is for the bondholders to take what there is of it and assume its construc tion to Puget Sound. There is nobody else to do it. The stock of the road is merely nominal. But $200,000 has been paid in on stock subscriptions, and Jay Cooke controlled that The Govern ment never advanced any money and has no interest in the road. There have been no municipal subsidies, for there are no municipalities on the line 01 the road to subscribe them. There was " Credit Mobilier" ring in it, of course, making profits out of the construction, but that will go to pot along with Jay Cooke & Co. Another such ring cannot be formed, for it would be impossible for them to dispose of the bonds. The present bondholders, whoever they are, own what there is of the Northern Pa cific, which consists of about 600 miles of poorly-constructed road running through a wilderness, and a land-grant equal to the proportion of railroad al ready completed, and not exceeding 15,000,000 of unsalable acres located a bleak and desolate stretch of country, Chicago Tribune. Singular Fatality. It is a remarkable fact that Gen. E. S. McCook, who was recently killed Yankton by Wintermute, the banker, the fifth member of the family who has met with a violent death. Charles JM. McCook, the youngest, was killed at the first battle of isull itun: lirig.-ijen, Robert L. McCook was assassinated guerrillas, in Tennessee, while sick his ambulance: Mai. Daniel McCJook, the father of the family, was killed while in pursuit of Morgan, during his Ohio raid: Brig. -Gen. Daniel McCook was killed at the battle of Kenesaw Moun tain : and lastly, Edwin S. McCook, after meeting bravely all the hazards the war, was assassinated at Yankton, the telegraph has already reported, Three sons remain : CoL George McCook, the eldest : Mai. -Gen. A. McD. MoOook, now in Texas ; and Capt John , filcuook, who is practicing law. THE FINANCIAL PANIC. The Failure of Jay Cooke & Co.—Other Suspensions Follow in Rapid Succession Suspensions Follow in Rapid Succession —The Excitement at New York, Philadelphia, and Other Points. a at is by in of as New Yobk, Sept. 18. Another day of in tense excitement has passed over Wall street. Early this morning predictions were made that this would be a hard day, and ene that wouia see the downfall of more than one financial house. The Chicago fire, it was thought, would occasion a drain npon deposits and tend to a panic. Stocks for the first two or three hours fluctuated wonderfully. Western Union fell 10 per cent, without an upward struggle, but about noon recovered its opening figure. At noon the report was whispered that the house of Jay Cooke & Co. hai suspended. At first the rumor was considered an idle one, or at most started by some scheming faction. However, it had great effect. Men and boys ran races from office to office. The telegraph incessant in its operations, and the ex citement grew intense. Shortly after 12 m., it was officially announced that the suspension had occurred, the reasons therefor being advances made to their Philadelphia house, which rendered them unable to meet the demand made upon them by their de positors here. As soon as it became generally known that Jay Cooke fc Co. had suspended, many rumors touching other prominent houses sprang into existence, but all reports about the suspension ol nrms excepting a ay ujoko a, Co., Bichard Schell, and the small firm of Kob inson & Co.,- npon investigation proved to be without foundation. When this fact was made known on the streets, confidence was again restored, and at the close of business a stronger feeling prevailed. The liabilities ol J ay uouku a, jo. cannot uo ascertained. It will take some time to make a statement of the affairs of the bouse. The creditors are mostly banks and bankers, there being but lew individual depositors in tne ubs. The suspension will greatly interfere with the operations of the Syndicate, and probably sus pend the negotiation of 5 per cents. xne l nuune savs : - xjvb ima ovbuiuk uib following reasons were given by Mr. Fahne stock, one of the firm of Jay Cooke & Co., for the failure of this house. For several weeks the uneasy feeling which prevailed in connection with the new railroad scheme caused heavy drains upon the deposits both of their Phila delphia and New York houses. The deposits in both cities Buffered continual diminution, nntil at the becinninir of tne present montn. their denosits were lower than at any time dnrinir the last fall and this spring. The drain upon the deposits, already so heavy, was still further increased by the recent suspen sions and demand for money was incessant, f nit still more severely in Philadelphia. The Philadelphia house was compelled to call nnnn tn Ne - York hoBO for aid and a iarKo amount of assistance was rendered. The Philadelphia honse was under large advances to the Northern Pacific Railroad Company, in volving large sums of money, preventing them from maintaining tne reserve oroinaniy Kept, and they were therefore unable to respond to the demands of their creditors. In this sea son they wore unable to return to the New York house advances made by the latter, or to budoIv them with any collaterals available in Now York at the present time. Owing to this. the cash balances became exnaustea, ana sus pension became inevitable. fannestocK said that of course the different members of the firm were possessed of a large amount of pri vate and personal property, but none of thiB was available in an emergency such as the t Vt was not at the present time, nor was any member of the firm, prepared to tell the exact amount Ol namuuea ur anuetn ui iuu firm. be would nnthincr and some time must necessarily elapse before the exact amount of private property of the firm can be decided. Philadelphia, Pa., Sept. 18. Third street wiu thrown into an uproar at 11 o'clock this morning by the report that the old banung- houBe of Jav uooKe as uo. naa suBpenaeu. TIia rnmor caused the most intense excite ment amid all circles, and the intelligence flew from mouth to mouth with lightning rapidity. Persons interested, as well as thoeo not inter ested, turned their steps toward the office on Third street to see for themselves the condi tion of affairs, very soon a constant stream of people were seen debouching from all the adjoining streets into Third, nntil that street was filled with people, all intently and excitedlv lnnkinir at the building. The doors were closed and guarded by officers, and all except those having business witn tne ram were pro- vented from entering. Mr. Cooke, authorized tne posting oi a nonce on the doors. The crowd then rushed toward the snot, all beintr derious of seeing and read ing themselves what was upon it. This was impossible, and a voice from the crowd cried nnt. "ltead it aloud, xne ueinanu lur tins in creased, fifty voices seconding the request nrhnrenDon JSir. u. fli. AjonKotretu reau aiouu. to be heard in the middle of the street, the fnllnwincr : " To the Public : We regret to be obliged to announce that, owing to unexpected de mands upon us, our office has been obliged to suspend payment, in a iew aayB we win De able to present a statement of our affairs to our creditors, unui tnat time, we must ook for their patient consideration. We believe our assets to be largely in excess of our lia bilities. Jay Cooke & Co." This statement settled the existing doubt which still lingered in the minda of many of the crowd, who. notwithstanding the Avinnnce which the closed doors of a banmng- house exhibits, Btill hoped against hope till almost the very signature oi tne nrm was read. The expressions upon every side were those of commiseration and of sympathy for a firm that has alwavs so highly maintained its cred it, and which will raise up from this temporary prostration stronger man ever. Mauv reporters tried to cain admittance. and but few were fortunate. The reporter of the Evening Telegraph, was tne nrst to enter, and I followed shortly afterward. The bank ing room was darkened ; the clerks were scattered through the building, some in groups, chattinir about the disaster, and others busily engaged at their books as npon ordinary occasions. We found Mr. Cooke in hiB private oflice calmly dispatching his orders, and unexcitedly conversing about the sudden and unexpected blow that had befallen him. He pleasantly welcomed whoever called upon him to express sympathy and confidence. He said : " You can announce that the firm has temporarily suspended. Please Btate also that l believe this house will speedily be relieved from em barrassment, and that to this end, if needs be, every dollar of the means possessed oy tne members of the firm will be applied. ono who has a dollar on deposit here will lose it. Every liability will be faithfully discharged I can say no more now." Mr. Cooke then directed notices of the torn- nnrarv suspension, as couched above, to sent abroad : and stated that thiB eveut closed the doore of three offices the three leading houses of the firm in Washington, New York, and thia city, men, with ins brotner mem bers. he commenced an investigation to certain the exact financial standiim of the firm. The temporary suspension of the American honse does not effect in any way the London honse of Jav Cooke. McCullouch & Co.. from whom this afternoon came the followingcable- cram. Its statement, wnen made Known the public, created the liveliest satisfaction " London, Sept. 18. The London firm Cooke responds to his suspension by stating that all drafts and letters or credit on them, issued by Jay Cooke & Co., will bo duly hon ored." New York, Sept. 19. The liabilities of Cooke t Co. are estimated all the way from $10,000,000 to $2o,UUu,uuu, . He beheved that all tne creditors would paid in full, and hoped that tne suspension only be temporary. On this point could nositivelv be said at present, The Panic in New York. As a natural consequence of the failure the great banking-house of Jay Cooke & a stock panio broke out in New York, anyone who itnew now business was transact- ed. Brokers have been able to buy bonus oi new roads at 5 or 10 per cent, less than the ad- vertised rates at which they were furnished to within twenty-four hours after the collapse of Cooke & Co. nineteen failures were announced among railway operators in that city. Only one of them, that of isk s tiatcn, is reaiiy important, and it is said their suspension is only temporary. Their failure is attributed to large advances to the Chesapeake and Ohio railroad. There were nine failures in Phila delphia on the day following the suspension of Cooke. The excitement in that city was even greater than in New York, and there was a great run on the Bavings banks, all of which stood firm. Gen. Grant hastened to the capital, and, after a conference with Secretary Rich ardson, at once determined that the Secretary of the Treasury should come to the rescue of the New York market. Accordingly, at mid night of Friday, the 19th, the Secretary sent a message to the Sub-Treasurer at New York, directing him to purchase 10,000,000 imme diately. By this action over $10,000,000 was thrown npon the market, which, it is thought, will give relief and avert a general financial crash. The press, as a general thing, take a hopeful view of the situation, which has gone 1 -11 : 11. n nnV.liA n.nilntiiUMt a long way in iiv mo .inm and averting a universal panic. The New York Express of the 10th says : " The day closes on tne wnoie wuu iom killed and wounded than might be expected, all things considered. No truBt company has suspended ; no bank has refused payment; all the great railway corporations are apparently as firm as a rock. Rnmor, however, is not yet satisfied, and warns everybody to beware of rumor. Stock values have shrunk enormous ly, but when the bottom is fairly touched, a rebound, as usual, is inevitable. Business in nearlv all branches ol produce ib at a stauu- still, and in fact, almost bordering on general demoralization. Amnnir the New York failures was 1". Randolph, a son-in-law and the New York banker of Tom Scott, the railroad king. It is stated that the .National L,ire insurance Company will not be affected by the failure of Tav Cooke. A Washington dispatcn says : " xne neaa oi one of the most important .uureaus m tne Treasury savs the Government will not likely lose anything directly by the failures, or finan cial panic, but may snner to some extent in conseqnence of the diminution of revenue that will doubtless follow." H. G. Steadman. the poet, and for several years a Wall street operator, takes an intereBt- T : M i. .. ; 'I'l. fnllnsnnn afsfo. lujj view ui mo pnuiu. n" w..w ...f, .j -.w ment of his views on the financial situation is telegraphed from Now York : " The present trouble dates back to the time when Secretary Boutwell tried to fund Lib loan from b per Aiifc- in B per cent., which was in 1871. Pru dent men said it could not be successfully done, and they were right. Boutwell kept money easy for five or six months, in order to get people to take his loan ; but instead of lUnUlUg UWU iUail tUOiijr OJkbdun, im jii small houses to float private loans, and enabled large houses to expand. We should have been back to specie payments but for these railroad bond speculators, xnere nas been a great Western railway expansion, and the bubble nas finally burst, as it was bound to oo Booner or later. We have known that the crash was im pending, but did not expect it this fall. There is no true reason whv the trouble should ex tend to the mercantile world ; it can oo so only throneh a sympathetic process. The will full r.hiAflv on speculating firms. who have for vears been doing everything to retard resumption. n me wovemmeni win sit Btill and lot them fall, then we shall be a lone way advanced toward specie payment. The break hast not surprised private persons purchasine for investment. J. hiB was the case witn j av wiuhb aa retiaiuD the bonds of the Northern Pacific, the Os wego and Midland, and most of other railway loans. It was not so with Fisk & Hatch s roads. Their bonds were good, and they be heved in them. This panic is peculiar, it is different from any that has occurred since 1867. That was caused by undue mercantile expansion, and this by railroad expansion. One thintr is certain, it has cured the disease. there will be no more lending of large amounts on large railway enterprises. When tne wreck is cleared awav, there will be a healthier condition of things than there has been, The Result of President Grant's Visit to New York. A New York dispatch of the 22d says President Grant, Secretary Bichardson, and Gen. Babcock were in consultation in New York yesterday with the leading banks and business men of the city to devise some means of relieving the financial condition. The prop ositions of the New Yorkers, which were sub mitted in writing to the President, all urged verv stronclv the issuing of the so-called green-back reserve to the amount of forty millions of dollars. Beverdy Johnson rein forced their appeals by a written opinion, in which he said that, although the action pro posed was unconstitutional, it was demanded by public policy, and if he were President ne would not hesitate to take the step. Secretary Bichardson's opposition to this movement was very Btrong, and the President stoutly sup ported him. The Secretary said, in very vigor ous sialic-, that he would never consent to it. us it waa none oi ms lunerai. 1 ne result ui the conference was an order from the Presi dent that the Assistant Treasurer at New York bnv bonds on Monday to any amount offered. How mucn reuei ima win uiwu uwo uwv ap pear. Government bonds wore a drug in the market on Saturday ; the National Trust Com pany, which had nearly a million of them in its possession, being unable to raise a dollar therewith to save liseu irom suspension. Subsidence of the Paine in New York be to of Jay of and New Yobe, Sept. 22. Wall street to-day nresented a most extraordinary spectacle. It would be difficult, m the necessarily brief lim its of a newspaper report, to give a correct idea of the excitement which prevailed. But the excitement to-day was, apparently, of an entirely different kind to the intense anxiety observable on Friday and on Saturday, which bad its oriirin in a condition of universal panic. The streets, that is to say, Wall street and Tlroad street, were crowded. It was difficult for a pedestrian to thread his way through the different groups which occu nied the streets and sidewalks alike. uonnaonce increased as tne aav aavanceu, and about 2 o'clock, there was a sudden shrink age of the lines at paying tellers' windows at the banka and banking nouses, -xne neavy nusi ness done all day had been dispatched with all possible speed, and as Boon as it was known among tho merchants that tho purchase of bonds was uninterrupted, and that the rule adopted by the savings banks, of requiring thirty days' notico for the withdrawal of all large sums, was accepted without any disturb ance at the eavings banks, the certification of money checks was not pressed, and it was evi dent at the banks that the depositors were be cinninir to believe that the storm had passed. No embarrassments are expected in any of the private banking firms who have sustained themselves through the late crisis. The Bus- pension of the Union Trust Company is gener ally attributed to the defaulting Secretary's neglect to can m tne .T3,uuu,(hju loans orner- 1 mi 1 .. .. A .. .-. 1 VAn,. till uu jliiiiriiiy. aixuiuiug hu gcuvi .1 toi'ir v, he completely lost his mental balance, and showed no disposition to submit the affairs of the company to inspection. His whereabouts are still unknown. It is currently reported that the company will be ready to resume busi ness in a few days. It is a little remarkable that only one of the trustees of the company bad any money on aeposit in tno ineutueiuu. and that, with the exception of two or three, owned but very little stock. This may account for the bad management oi tne concern. Messrs. Jav uooke a. jo. are out wnii m statement giving names of banks and banking houses who will pay drafts of iheir corre spondents. All drafts against deposits made siuce the suspension will be paid on presenta tion. . . . The National Trust Company, whicn sus pended payment on Saturday, state that their Labilities do not exceed $4,000,000, and that the capital and assets of the company exceed their liabilities. The day closes with confidence greatly im proved, with a general opinion that the crisis lo eutiroiy over- iit.ii o amuw w m why all the banks should not now go along in quiot and regular manner. A dispatch from Philadelphia announces a subsidence of the excitement in that city. The State Bank has resumed payment. Washington, Sept. aa. Judge lucnarason said this evening that he beheved the storm was over, and that quiet and good order would soon be restored in financial and busi ness circles. . Th VroairlAiit decided to-dav to send zu,- 000,000 from the National Treasury here to Assistant Treasurer Hill house in New York to-night, to enable that officer to buy all bonds that may be offered. A riinn&tch from Pittsbureh announces the failnrn nf James T. Brady Co. and the Se- rmritv TVnnt Cnmnanv. It is stated that tne uanaaa aoutueru imu- way Company is seriously cnppiea uy tue panic. A Renewal of the Panic in Wall Street —Failure of Henry Clews & Co. f it BO that the total aggregate country de- mand was 8200.000.000. Such a demand was ntlreced entcd. and not to be met. Upon many fL intntl and seeretlv New Yobk, Sept. 23. Wall street was quiet this morning, but it was the calm that invaria ble precedes a storm. There was no crowd in the street, no noise, none of the confusion which has served, in the two or three days past, to accelerate and increase the panic ; but, underneath this apparent security, there was lurking a great danger, which may yet precipi tate nniverasl disaster. Men went to bed last night confident that the worst was over ; they rose this morning confident in their security. The latest foreign advices helped to increase this confidence, for they spoke of no failures, though some distrust, and an easy market. All rejoiced to know that the London market wae firmer, American securities undamaged, and that, while dealings on the Paris and Frankfort bourses were limited, rates were en- minracnilff. Htswtr nnntatinna in the street were better in nvAi-v instance than thev had been on the close of Saturday's operations on the Ex change. , m . s ", Bavings banks omciais were in guuu spirits, a ml f aw mns were reported. In the Gold Room the price oi gold was placed at 112, a rate much lower than was ex pected to be established, and settlements were nunr Stockbrokers were much relieved by Jay Gould's settlement, through his brokers, of 5,000 shares of stock at reasonable rates, which bankrupted nobody and reheved every- hnnv Uut, wnuetnere was ii tniu cueeriuiininjiuo appearance of the crisis which had seemed to But, while there was an tms cneenm outtuue be impending, and encouragea poopio w uujm that the panic was over, there were events oc curring that snowed now iuuie wae mo wiou. K.ariv in tne mormnir. reports ox uie bubwu- sion of banks began to come in from all parts nf the country. This news did not reach the general public until the afternoon, but the bankers ana Dro&ens were e&rcjr sutihu ui wiu warned by it. It IB known tnat every country oaus. wim balance to its credit in New York made drafts liril rl 1 ne crowas in tne Btreet were uuwk uui-ij"h to avert the impending disaster, saying noth ing of that which was nnderminiDg and de stroying many of the largest and best-known banka in the city. ... Toward noon it became whispered that mn wsji beine made noon Henry Clews fc Co. Tf is aHRArted that Clews naid out during the morning nearly 1, 000,000 on demand, ano thn went abont the " street" with mercantile naner endoavorine to raise more funds. But no man knows how his fellow-merchant atanrlH and the offer to Dav 2 Der cent, a day 730 per cent, a year ior ioanB upon (juuu mercantile naner were laughed at. Clews could realize nothing on doubtful railway se curities which he held, nor anything worthless Oeorsria bonds, which ne nas led others into taking, and for whicn ne stuck about 1,000,000. He failed in every legitimate effort to raise money, ano, being without hope of further aid from the uovern mnnt he closed his doors at half-past V1 olr The fact of the suspension created as much excitement as the suspension of Jay Cooke Co. The news left the street, at tne ciose business, in a condition of great excitement, and the headway made in restoring confidence was in i cr-nt. measure lOHt. The run on tne MTingo bum wuuuuou . .. : i , . : .a a rlav. but as most of them adopted the time rule for paying depositors, the excitement Ba-vriri an ViRirlArl. There is endless confusion, wua spectuauon. .Van-J T.rnnnRftlki In rid thrftatcniiica. ominous prophecies. These indicate the clamor at Vifth Avenue Hotel this evening, where lOUlU UiVKV""! " w ' , , , whole city seems congregated in condensed, compressed, confused agitation. The pros pects for the morning are gloomy enough. There IB aepression every whoa o . u jd cannot bo said that tho actual financial situa tion in New York warrants this depression the public. After the failure of Clews was announced, the city was flooded with a great many rumors, involving the credit oi sncn men as uiiuiio, Vermilve. Howe, and Macy, and others are believed to be substantial and sound. THE SITUATION IM PHILADELPHIA. Philadelphia, Sept. 23. Tho financial crisis here is over, and bankere and brokers transacting business aa usual. All tne Btate banks that were under temporary difficulties aTiwnt the Union and Citizens The latter will soon resume. All the National Banks stood firm, and no doubts were enter tained of their stability. Neither Jav Cooke Co. nor De Haven Bro. have as yet issued any statement of affairs. The invariable reply to inquiries as the nrobable date of such issue is, " we not Rav - onr clerks are busily encaged on Some few unfeeling persons are parading around caricatures of Jay Cooke after fnilnrn. rnnrasentinir him with head cast down, knees almost drawn up to his chin, and seated on an old box, in evidently a very aojeci The Crops. The Chicago Tribune, of the 22d September, publishes reports of crops throuerhout Illinois and contigu ous States. The substance of the state ment is. that much of the corn had harvested before the frost came ; rest was badly damaged. In Southern Illinois, the corn was considerably jured in the lowlands, where it had been cut before the irost. in upper Illinois, the frost did much harm, not more than half a crop is expected. In Iowa, reports are conflicting, but weieht of the evidence is that the has been generally injured. In addi tion to the ravages of the frost, the of a wet and late spring, the summer drought have combined lessen the yield. A gold brick came down from Cherokee mines on Friday morning which weighed 142 poundB avoirdupois, and amounts to. &12,004i San Fran- eitco Bulletirii The Crops. PAYERS I DON'T LIKE. I don't like to hear him pray, . Who loam at twnty-flve percent.; For then I think the borrower may Be pressed to pay for food and rent ; And in that Book we all should heed. Which gars the leuder shall be blest, As sure as 1 have eyes to read. It doe not say, " Take interest." J do not like to hear him pray, On bended knees, about an hour, For grace to spend aright the day, Who knows his neighbor has no flour. I'd rather see him go to mill, And buy the luckless brother bread, And soe his children est their fill. And laugh beneath their humble shed. I do not like to hear him pray, " Let blessings on the widow be," Who never seeks her home to sa-y, " if want o'ertakes you, come to me." 1 hate the prayer so long and loud, That's offered for the orphan's weal, Ay, him who pees him crushed by wrong, And only with his lips doth feel. I do not like to hear her pray With jeweled limbs and silken dress, Whose washerwoman toils all day, And then is asked to " work for less." Buch pious shavers I despine ! With folded bands and face demure They lift to heaven their " angel eyes," Then steal the earnings of the poor. I do not like such sonlless prayers ; If wrong, I hope to be forgiven ; No angel's wing them upward bears. They're lost a million miles from Heaven ! - Humorous nonular man. put the usual question : I i ii; - n mv friund?'.' . " ,, 7j ?i ' t ua ! yes, bu.iu. mo min. imui, t " . i a a The most timely of gif ta A watch. The great knead of the day Bread. Tun most mealy-monthed people in the world Millers. The man who pretends to know every thing generally knowB nothing. TTrvw to kAAri vonr head above the water Never be above drinking it. A maw who stands on his dignity has generally a very uncertain footing. When a man becomes vonr tool, look ont that he doesn't make you his f ooL Uctfr talk to a man when he is read ing, nor read to a man when he is talk ing. Apteb all. it is rare that a man gets utterly at the end of his rope until he is hanged. A man from Placerville, CaL, when asked by a Saratoga waiter what he would have for breakfast, replied: " Well, I rather guess 1 11 just flop my lip over a chicken." Srn?wE in court : J udee " Have you anything to offer to the court before the sentence is passed on you ?" Prisoner : Ho. judge : I haa ten aoiiars, dus my lawyers took that." " If George had not blowed into the muzzle of his gun," sighed a rural widow . at the funeral of her hus Dana, no . - . i might have got plenty of squirrels, it - was sucu a guuu uuj iui uiou.- The Peoria Review plaintively sings- Poison your neighbor's dog if you can, For that's the way to do ; Call him up close And give him a dose i ' That'll scuttle his old canoe. A noTTNTBY clercvman. Having a pro fessional visit to a dying neighbor, who was a very churlish ana universally un- Well." said the simple-minded min ister, " I am glad you are, for . the neighbors are willing. An economical lowan, who had a toothache, determined to remove his tooth in the Indian fashion. Accord ingly he bent down a sapling in the woods, lay down himself and attached a stout cord to his tooth and the sapling. Then he touched the Bpnng, and the next he knew he had jumped over a grove of about forty small trees and was trying to get out of a small pond that he happened to alight in. A DITTY OF DESPAIR. 2 & oi w tne the of who are their to can it. his The slowlv starving editor of a paper at Brattleboro, Vt., drops into poetry as follows : We had sweet dreams the other night, When all around was still We dreamed we saw a host of folks Pay up their printers' bill. We wish the dream would come to pass, And onr empty pockets fill Tar da ump a te diddle dum, Te tump te iddle dill. A Detroit paper states that last week a man about fiftv vears of age, accom- 1 Tariied bv a wife who looked still older, ttppijei at the ticket office of the Cen- tral road for tickets to Jackson. When tnl1 tho nricji Via demurred, and asked for second-class accommodations. There were none to be had, and after with drawing for a consultation he returned to the window and asked : " WelL won't you knock off a dollar if the old woman will ride on the platform ?" "Sam." said a darkey to his ebony brother, " how am it dat dis ya telen trraf carries de news froo dem wires ?" 'P .. , a - . Well, uaosar, now s pose uar iu uug free miles long." " Nebber was such a big dog ; do'n bleib dat !" " You jess wait minnit ; Pbo only illustratin', you stupid nigger. Now, dis yaa dog, you see, jess puts his front feets on de Ho bokeu sho', and he puts his behind feets on de New York sho." " Yesser." " Now, s'pose you walk on dis yaa dog s tail in New York " "Yesser.' "Hell bark, won't he?" "Yesser." "Well, where will that dog bark?" "InHo boken, I calc'late." ' Dat am jest it. You walk on de dog's tail in New York, an he bark in Hoboken ; an' dat's de way de telegraf works." " Yesser ; das so dasso ! Your right, by golley." The Brooklyn Frauds. of the been the in not and the com in fluence and to the Hodman, the Treasurer of the Brook lyn Trust Company, and Assistant City Treasurer of Brooklyn, has at last made the revelation he threatened some time ago concerning the deficit in the Brook lyn Treasury. Ho states that there was an agreement between himself, City Treasurer Sprague, and the late Presi dent Mills, by which they were to loan out the city funds that were on aeposm with the Trust Company, and divide among themselves all the profius that accrued beyond the 3 per cent which had to be credited to the city. As might be expected, their anxiety for high interest overwhelmed their pru dence, and a largo number of the loans were made to worthless borrowers. In this way the Trust Company was bank rupted and the City Treasury depleted. Treasurer oprague, nuumwi j" ivJ peatedly offered him 850,000 to run away, but he declined. Sprague is lying dangerously ill at his house, but is guarded by policemen as a precaution agftinst a too precipitate convalescence.