Article Text
broker houses having a membership in the Stock Exchange. In the failure of Duncan, Sherman & Co. they were heavy indorsers, and lost much money in the collapse, but survived the crisis and tontinued in the hazardous business of dealing in privileges. The members of the firm are Orlando M. Bogart, Richard M. Bogart, W. H. Bogart and Alonzo M. Wilcox. W. H. Bogart is the Stock Exchange member of the firm. The house was badly embarrassed by the failure last year of Orange Judd, of the Sackett Plow Company. Judd failed for $150,000, with assets only $10,000. ANOTHER BIG FAILURE. Donnell, Lawson & Simpson announced their suspension. They are large dealers in county, water aud city bonds, and are said to have $2,000,000 worth with the suspended Melfopolitan Bank. The firm Gays: "Owing to the general panic prevailing, we deem it best to suspend until we can see where we stand." NOTES. President Baldwin, of the Fourth National, says his bank is all right. At the Phonix Bank everything was quiet. The officers say there in not the slightest trouble; no run. The banks were crowded with anxions depositors all day. It was impossible to get near anyone in authority. Rumors affecting several national banks were flying about the street all day, but none could be traced to a reliable source The First National Pank of Santa Fe has a posted notice that drafts drawn by the bank of Lawson & Co. will be paid by the First National Bank. Bogart & Co.'s failure is considered important, as they were large dealers in commercial paper, dbalt somewhat in privileges and were considered solid. All checks of the Merchants National Bank, of Kansas City, and Long Bros., of Kansas City, drawn on the Metropolitan Bank will be paid by Patten a Co., of this city, The failure of Hatch & Foote is likely to involve country firms, as they held accounts of many private bankers outside of New York, as well as individuals West and Sonth. Hatch & Foote state that their suspension was not caused by the refusal of the Ph ce nix Bank to certify checks, but caused wholly by the exhaustion of margins and the refusal of customers to renew them, and their inability to sell stocks without undue sacrifice. Depositors in the Second National Bank instituted a heavy run at 11 o'clock. Many exciting scenes were witnessed; but in all cases payments were made as fast as the teller could hand the money out. At one time there were 300 depositors in line, while Amos R. Eno, the millionaire, stood by smilingly.