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NEWS OF THE WEEK. Eastern and Middle States. CHARLES O'CONOR. the noted New York lawyer, died at his residence in Nantucket, Mass., a few days since aged eighty years. He was a native of New York, was admitted to the bar in 1824, and was connected with some of the most important cases ever argued in this country. In 1872 he was nominated for President of the United States by the Straight-out" Democrats at Louisville, and by a labor reform convention in Philadelphia, but declined, notwithstanding which he received over 20,000 votes. During the last twenty-five years of his active life he was acknowledged to be the most distinguished representative of the bar not only of New York city, but also of the nation. GRANT & WARD'S liabilities have been found to exceed the colossal sum of $14,500,000. A COLLISION occurred near Connellsville, Penn., between a freight train and a gravel train containing about fifty laborers. Fourteen men were either crushed or burned to death, and twelve more injured. THE recent failures of " Jim " Keene, the Wall street speculator, followed by the suspension of the Marine National bank, and the failure of Grant & Ward, succeeded in turn by the embarassment of the Second National bank, led to a panic in New York financial circles, such as has not been witnessed since the memorable day when Jay Cooke went to the wall in 1873. During the day two banks-the Metropolitan National and the Brooklyn State bank-closed their doors, and seven prominent firms of bankers and brokers suspended. Wall street was a scene of tremendous excitement, and was crowded from sidewalk to sidewalk with a rushing throng of people. Secretary Folger, however, helped allay the excitement by ordering the treasury department to pay the $10,000,000 included in the 127th call in advance of the time set-June 20-and the New York Clearing-House association, composed of sixty-three banks, held a meeting and resolved to stand by one another. This action in a measure quieted matters. THE deficit of John R. Eno, president of the Second National bank, of New York, was larger than was at first supposed, amounting to about $4,000,000. It was made up by his father, and the bank went on with its business, although many alarmed depositors drew out their money. Mr. Eno lost the money in speculation. VERMONT Greenbackers held a State convention at Waterbury and nominated a full ticket headed by Samuel Soule for governor. ON the second day of the financial excitement in Wall street a quieter state of affairs existed, and only two more failures occurred, one of the two firms of brokers suspending being the prominent house of Fisk & Hatch, the junior partner in which was the president of the New York Stock Exchange. The Metropolitan bank again resumed business, President George L. Seney resigning. A FIRE which broke out at 9 o'clock in the morning at the Papachoag mill, Worcester, Mass., spread SO rapidly that many operatives were compelled to jump from the upper windows. Nineteen male and female operatives were injured by their leap for life, several with results likely to prove fatal. The entire mill was destroyed, and an estimated loss of $150,000 was incurred. THERE was a large attendance of delegates at the annual session of the Presbyterian General Assembly North, held in Saratoga, N.Y. ONLY one failure was reported in Wall street on the third day of the financial whirlwind. But in Newark, N. J., the Newark Savings Institution, which had been considered one of the stanchest depositories in the State, was forced to suspend and go into the hands of a receiver. The bank's trouble was caused by the suspension of the New York firm of Fisk & Hatch, through whom the institution had invested its government bonds.
