16734. William Hoge & Co. (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
October 14, 1873
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
e930b01c

Response Measures

None

Description

Multiple contemporary newspapers report that the banking house of William Hoge & Co. 'has suspended' (announced Oct 14, 1873) and refer to it as a failure/suspension. No articles mention a reopening or resumption; therefore I classify this as a suspension that led to closure. Bank name appears as a private banking house ('& Co.').

Events (1)
1. October 14, 1873 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Contemporary accounts list William Hoge & Co. among failures/suspensions during the October 1873 financial crisis; the firm is reported as having failed/suspended (bank-specific insolvency amid broader market panic).
Newspaper Excerpt
The banking house of Wm. Hoge & Co. has suspended.
Source
newspapers

Newspaper Articles (10)
1. October 14, 1873 Evening Star Washington, DC
Article from Evening Star, October 14, 1873

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Wall Street To-day. GOLD FIRMER AND GOVENMENT BONDS STRONGER. NEW YORK, October 14.-Greenbacks are quoted at premium. Foreign exchange firmer at previous rates. Gold opened firmer at 108%, and afterwards fell to 108% The rates paid for carrying are 7 per cent. per annum to 1-32 per diem. Government bonds are stronger. Southern state securities are weak and lower. STOCKS DOWN AND ,THE MARKET DEPRESSED. Stocks opened weak, declining 1/2 to 2, as compared with the closing quotations Monday. At the first board a firmer feeling prevailed, and the decline recovered. but later came a heavy pressure to sell, and prices declined from 1 to 6 through the list. After midday an unsettled feeling still prevailed, but in some instances there wasan improvement from lowest point. Renewed depression in financial circles arose from a combination of circumstances. At the opening the advance in the bank of England rate had a depressing effect, and the announcement of the failure of William Hoge & Co. increased the unfavorable feeling. ANOTHER BANKING HOUSE SUSPENEED. NEW YORK, October 14.-The banking house of Wm. Hoge & Co. has suspended. THE SUGAR HOUSE SUSPENSION. Burger, Hurlbut & Livingstone's sugar house has suspended, it is said only temporarily. FIFTY THOUSAND POUNDS in foreign specie were received at the assay office this morning, This makes a total received to date of £927,000. ANOTHER SUSPENSION. W. M. Whittemore & Co., brokers, have suspended.

2. October 15, 1873 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, October 15, 1873

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TELEGRAPHIC EPITOME. The Arkansas State fair opened at Little Rock Monday. The journeymen tailors of Baltimore are preparing for a strike. The Union national bank, of Chicago, resumed business yesterday. Pere Hyacinthe has been elected one of three cures in Geneva by the Old Catholics. The tenth juror in the Stokes case had been obtained in New York at noon yesterday. The emperor of Austria will visit the ozar at St. Petersburg during the holidays of the Russian Christmas. George Rooke, a pugilist, fatally stabbed Richard Bradshaw in Newark, New Jersey, yesterday morning. Madrid dispatches say that the report comes from Cartazena that the provisions, in the city will only last three days longer. Thiers will give a dinner to his political friends in the assembly on Saturday next. Count DeRemusat has received an invitation. The suspensions of William Hoge & Co., bankers and W. M. Whittemore & Co., brokers, were announced iu New York, yesterday. The Hebrew society, of St. Joseph, Missouri, on Monday forwarded a contribution of five hundred dollars to the Memphis sufferers. The United States steamer Shanandosh salled from Almina for Malaga, and the United States steamer Congress has arrived at Santander. The French council of war, before which M. Rane was summoned to appear, has declared him guilty and passed sentence of death in contumacion. The Journal De Paris declares that the recent elections demonstrate the necessity for a restoration of a monarchy to prevent an impending anarchy. A dispatch from LaPalma, a few miles from Cartagena, says heavy canonading is beard there, and it IS thought the expected naval engagement is in progress. The Long Island Savings bank, in Brooklyn, as robbed by a sneak thief of a box containing bonds, valued between filtry and seventy-five thousand dollars.

3. October 15, 1873 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 15, 1873

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Fatlures-Suspensions-Resumption. NEW YORK, October 14.-Gillespie, Trowbridge & Co., tea-dealers, have failed. W. M. Whittemore, banker, and William Hoge & Co., bankers. have suspended. CINCINNATI, October 14.-All the banks here resumed currency payments yesterday, There was no run. BOSTON, October 14.-Burger, Hurlburt & Livingstone's sugar-house have suspended; it is said, only temporarily.

4. October 15, 1873 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, October 15, 1873

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New York Stock and Money Market. NEW YORK, Oct. 14-Mornina.-Money at 1-16 per cent. and interest. Gold at 108g. Sterling Exchange NEW YORK. Oct. 14-Evening.-There has been more excitement in Wall street to-day, attended by a great depression on the Stock Exchange. This was brought about by the advance in the Bank of England rate, additional banking stock and mercantile failures, and the difficulty in procuring money in large amounts on stock collaterals, The banks are extending little or no assistance to brokers, while foreign bankers are calling in loans on stocks and refusing to make any new loans. Thus brokers generally have had to resort ta sales to procure money in large amounts, and it was these forced sales which drrgged down the market to-day. Bankers were buyers of exchange, and gold. Rumor says in obedience to orders from Europe, the natural result of all the above was a sharp advance in gold premium with a feverish and more active market. Money worked close to-day at 1-16 @ 3-16 per cent. per diem. Greenbacks closed firmer at copy @ via per cent. prem. The following is the Clearing House statement Currency exchanges, $53,374,595; currency balances, $3,224,888; gold exchanges, $2,376,319; gold balances, $634,285. Foreign exchange was firmer in the morning and bankers advanced rates to 107 @ 108, but there was no business over 1064 @ 107), while at the close prime bills could be bought at 106 @ 107@. Custom receipts to-day $393,000. Gold was active and higher, advancing from 108g @ 109g, and closing at 1091. The rates paid for carrying to-day were 6, 5, 1-32 and 7 per cont. to flat for borrowing. The final rate was 5 per cent. for carrying. The Asst. Treasurer to-day paid out $135,000 on account of interest and $5,000 in redemption of 20 bonds. $85,700 of foreign specie was received at. the office to-day. Total amount to date £982,000. The day's business at the Gold Exchange Bank was as follows:-Gold balances, $1,197,586; currency balances, $1,308,595; grossclearances $31,515,000. State bonds were weak and downward. Government bonds were firmer and higher to-day, the advance in gold having imparted a strong tone to the market. Among the failures to-day were William Hoge & Co., bankers, W. M. Whittemore & Co. Wise & Cross, and C. H. Pierce, stock brokers, and Gillespie. Trowbridge & Co., tea merchants. Other failures are rumored, and some considerable uneasiness is manifested in financial circles. None of the reports as vet implicate the dry goods trade. At the Stock Exchange Boyd, Vincent & Co. were sold out under the rule, but have not failed. This firm turned Lake Shore with two parties who wanted them to sell it out themselves, but they declined to violate the injunctions and the other parties sold them out under the rule. We understand that the difference amounts $90,000. nearly all of which is and has been for some time past on deposit in a trust bank. The stock board opened weak and with a decline of from ? @ 2 per cent. from last night's quotations. The railway and miscel aneous movement was irregular and downward. and the heavy pressure to sell during the day resulted in a decline throughout the list from 1 @ per cent. The prices to-day touched lower points in many Stocks than during the late panic. The market closed very unsettled and a marked uneasy feeling as to what may occur to-morrow. The greatest decline was in Western Union, which broke from 571 @ 514, rallied to 54, dropped to 481. closed at 48; Lake Shore rose from @ 663, receded to 631, recovered to 65, declined to 59 left off at 60; New York Central fell off from 881 @ 824, railied near the close to 83 Other fluctuations were as follows:Union Pacific opened at 181, sold off to 17t, up to 174. off to 10} and 16; Erie opened at 451, sold up to 46. off to 45, up to 45A, off to 44}, and closed at 441 @ 45; Pacific Mail opened at 301, sold off to 291 @ 25. up to 253, and closed at 26 @ 261. Investment shares shared in the general depsession, the greatest decline having been in Delaware & Lackawana, which sold down from 88$ @ 81. The dividend on New York Central stock will be paid to morrow; also the dividend on the script stocks still outstanding, heretofore paid at the Union Trust Company, will also be paia by Duncon, Sherman & Co. A paper is circulating among brokers for the establishment of a Stock Clearing House.

5. October 15, 1873 New-York Tribune New York, NY
Article from New-York Tribune, October 15, 1873

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Outside the Stock Exchange matters this morning and throughout the day looked quite cheerful, the banks reporting liberal additions to their deposit lines, and large receipts yesterday and to-day of currency from the interior confirmed at the express offices. Merchants are paying matured paper with promptness, and report collections as good, and the movement in the interior encouraging. The foreign Exchange market is firmer, with a better business at the advanced rates, with sales close on to official figures. There is a better movement in commercial bills, and cable transfers are up to 107 7/8@108. But in London matters are less cheerful, and the advance to six per cent of the Bank of England rate of discount tended also to upset and unsettle matters on the Stock Exchange. Added to this, come rumors of disasters impending and of deep-seated troubles in some prominent foreign banking houses, and the suspension of the banking-house of William Hoge & Co. and other smaller concerns. In connection with these, there existed the old difficulty of transacting business when the banks impose so many restrictions, with the continued pressure of securities held as collateral on loans, and we see and hear reasons in abundance why in stocks a weak and declining market should have continued from day to day. At the opening, prices were steady, and, after yielding somewhat, became steadier at the call, and during the First Board improved materially. But the heavy sales of large blocks of Western Union and other shares, and a story, probably without foundation in fact, that the Central dividend, due to-morrow, would not be paid, began to affect the market adversely at this point, and prices began to decline at a fearful rate, and quotations went back to 6 per cent before noon, Central falling to 84 1/2, Lake Shore to 63 3/4, North-Western to 36, St. Paul to 26 1/2; Western Union Telegraph to 51 1/4, and Wabash to 37. Subsequently the market became quieter, and a better range of prices resulted from some covering of shorts, but stocks kept feverish and uncertain. The heavy calling in of loans necessitated actual sales of stocks to furnish funds to meet them, and immense blocks were tumbled over later in the day, when the market receded several points below the quotations above noted, and closed weak and demoralized, and the blanched faces of brokers displayed more terror than on any previous day during this remarkable panic. Comparing the closing with the opening sales of the day prices declined as follows: Western Union Telegraph and Toledo and Wabash Railroad, each 8 per cent; Rock Island, 7 1/2; Harlem, 7; St. Paul, Common, 6 1/2; Panama and North-Western, each, 6; Pacific Mail, 5 1/2; Lake Shore and Delaware, Lackawanna and Western, each, 5; New-York Central and Ohio and Mississippi,each, 4 1/2; Hannibal and St. Joseph, 3; Union Pacific, 2 1/2; Erie, 1, and Erie, Preferred, 1 1/2; and some other stocks to a smaller extent. The opening, highest, lowest, and closing prices of stocks were as follows:

6. October 15, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, October 15, 1873

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# VANDERBILT'S DAY OF JUDGMENT. Wall street yesterday was in a state of oxcite- ment owing to a fresh tumble in stocks which very closely resembled another panic. On the Stock Exchange matters wore painfully blue, and quotations foll even below the panic prices of the past ten years. New York Central dropped from 88⅜ to 82½, which was taken as an indication of Vanderbilt's inability to hold it up any longer, whereupon the whole Vanderbilt list wont headlong. Western Union fell from 57⅜ to 48; Lake Shore from 66¾ to 59⅜, and Northwestern and Union Pacific fol- lowed suit. Various reasons are assigned for the collapse, among them Judge Blatchford's modification of his injunction, which released large amounts of Lake Shore, Western Union, and other stocks which had been held by Blake Brothers as collateral; the bankruptcy proceedings against Kenyon Cox & Co., in- volving Daniel Drew, one of the partners; the advance in the Bank of England rate of discount to 6 per cent, and the large sale of stocks carried by the banks on margins, the holders of which could not put up any more collaterals. In ad- dition to these causes there was also a panicky feeling among outsiders who sent in orders to sell large amounts, and this in turn helped to precipitate the avalanche. The suspensions of the day were Burgon, Hurlburt & Livingston, sugar house; Gillespie, Trowbridge & Co., tea dealers; William Hoge & Co., bankers; William M. Whittemore, Wise & Cross, and C. H. Pierce, stock brokers. The effect upon the money market was to advance gold from 108⅜ to 109⅜. Money was close at 1-10 to ¼ per cent a day; greenbacks, ⅝ to ⅞ premium; foreign exchange firmer; and Gov- ernments higher and firmer. It is hardly possible to misinterpret this break- down. It signifies that Cornelius Vanderbilt's day is past. This venerable cormorant, who has been filling himself and Wall street with bogus stocks these ten years at the expense of the industrial and commercial interests of the country, is well nigh burst with his own provender. Eighty per cent of water was poured into New York Central at one dash. Hudson River, Harlem, and Lake Shore have been diluted in the same way. Union Pacific is all water. Those and many others in the list have been carried to a point where the first breath of hard times was sure to expose their weakness and insecuri- ty. In order to be worth the prices at which they stood, a continued and increasing prosperity was absolutely necessary. A reverse has come; the margin which prudent financiering should have left to cover a period of adver- sity and of diminished receipts was long ago wiped out. Vanderbilt and his imi- tators in stock-watering have been betting their bottom dollar that there never would be a time when the business of the country could not pay interest on their fictitious values. That time seems to have come at last, and, if it shall sponge them all out, and send the whole crew to everlasting smash, the country will be ultimately benefited, though the transition from the false to the true may be painful to some in- terests and classes that have not shared in the wrong-doing.

7. October 15, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, October 15, 1873

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DO drawn against thom. The existing system, when contrasted with the one adopted in Ohicago, is driving the grain business to that city, and not the grain business only, but the purchasers who buy the goods to supply the farmers. Chicago has shown more good BONBO in this emergency than any other considerable city, and, as a consequence, 18 constantly foreing currency to flow thither from all parte of the country, either to purchase grain or to purchase goods. The farmer sells where he can get cash, and Chicago compels everybody to send the cash forward. But the farmer pays his country merchant, and that merchant, having cash, buys where cash 18 used. Thus the monoy drifts back again to the Chicago banks, paying on the way the debts of the farmer, the country merchant, and the Chiengo morchant, and lifting another load from the banks. How long does this city want that open high-road to complete rolief to be monopolized by our neighbor P LATEST, NEW YORK, Oct. 14.-Thero line been more or less excitement in Wall street to-day, attended with a great depression on the Stock Exchange. This condition of affairs was brought about by all advance in the Bank of England rate, additional banking, stock, and mercantile failures, and the difficulty of procuring money to largo amounts on stock collaternis. The banks are extending little or no assistance to brokers, while foreign bankers are calling In loans on stocks and refusing to make any now bank, Thus brokers generally have to resort to: ⑇ to procure money in large amounts, and it Was these forced sales which dragged down the market to-day. The bankers were buyers of exchange and gold, rumor BAYS in obedience to somo orders from the other side. The natural result of all the above matters was a sharp advance in the gold premium, with a feverish and more active market. Money worked close at 1-10 to 3-60 por diem, Greenbacks closed firm at KON premium. Foreign exchange was firmer in the morning, and bankers advanced their rates to 107@108, but there WAR no business over while at the close primo bills could be bought at 100%@107%. Customs receipts, $393,000. Gold was active and higher, advancing from 108% to 100%, closing at 100%. The rates paid for carrying were 0, 5 1-32, and 7 per cent, to flat for borrowing. The final rate was 5 per cent for carrying. Clearings, $31,000,000. The Assistant Treasurer disbursed, to-day, $140,000. Elghty-five thousand pounds of foreign specie were received at the Assay office to-day. The total amount to date is .0082,000. Government bonds ruled Arm and higher, the advance in gold having imparted a strong tono to the market, Among the failures to-day were William Hoge & Co., bankers W. M. Whittemore & Co., Wise & Cross, and O. H. Pierce, stock brokers; Gillospio, Trowbridge & Co., tos merchants, and the sugar house of Burger, Hurlbert & Livingston, No failures are reported among the dry goods mon. At the Stock Exchange, Boyd, Vincent & Co. were wold out under the rule, but have not failed. This firm turned Lake Shore with two parties who wanted them to sell it out themselves, but they declined to violate the injunction, and other parties sold them out under the rule. The difference amounts to $00,000, nearly all of which 1H, and has been for some time past, upon deposit In the Trust Company. The railway and miscellaneous speculation was feverish and unsettled, owing to reasons already given. There was a very heavy pressure to sell at times during the day, resulting in a decline in prices of 1 to 9 por cent. At the close, there was but & slight recovery from the extreme depression. The greatest decline was in Western Union, which broke from 5736 to 51%, rallied to 54, dropped to 483, and closed at 49. Lake Shore rose from 04 to 00% receded to 0315, recovered to 65, declined to 59%, and left off at 60, New York Central fell off from 88% to 82%, and rallied Dear the close to 83%. These were the principal features, but B sharp decline took place in some of the other shares. The prices touched to-day were in many instances lower than those made during the panic. Invostment shares shared in the general depression, the greatest decline having been in Dolaware, Lackawanna & Western, which sold from 88y to 81c. There was much excitement in the street regarding the Vanderbilt stocks, and all sorts of rumors are current touching his brokers and Mr. Drew's. The fight made on New York Central to-day was on the representation of partics that the dividend due to-morrow would not be paid. At a late hour, however, It was stated that the dividend would be paid prom) tly, The stock market left off uneasy and feverish, with a foeling of apprehension for the morrow. Sterling, 107.

8. October 17, 1873 South Branch Intelligencer Romney, WV
Article from South Branch Intelligencer, October 17, 1873

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WASHINGTON, October 14.-Up to the close of business to-day a little more than three and a half millions of the reserves had been drawn upon. The receipts of the government continue to be very meagre.The internal revenue receipts for to-day, for instance, were only about $125,000, when the daily average was for a long time prior to the late panicat least half a million. NEW YORK, October 14.-Greenbacks are quoted at 1 1/3 premium. Foreign Exchange is firmer, at premium rates. Gold opened firmer at 1081, afterwards fell to 108%, and then advanced to 1081, afterward rising to 1091, at which it closed. The Long Island Savings Bank in Brooklyn was robbed last evening of a box containing bonds valued between $50,000 and $75,000, while the Secretary and clerks were attending to their duties in another portion of the Bank. The loss falls on J. P Seebach, the depositor. The thief was not arreated. THE banking houses of William Hoge & Co, and M Whitmore & Co., have suss pended. The failure of Gillespie, Trowbridge & Ch., tea dealers, is announced Burger, Hurlbut & Livingstone, sugar IPfiners, havesuspended. This firm was largely engaged in buying molasses and refining to sirup and sugar. LONDON, October 14 -£125,000 bull ion were shipped from Liverpool to-day to New York. it At last report from Lexington, Va., young DANDRIDGE who was stabbed by a allow-student, FAULKNER, hopes were en. tertained of his recovery. THE Cumberland News says the litde girl, Allie Baker, who was 80 dreadfully outraged on Thursday of last week, is in an improved condition.

9. October 23, 1873 Puget Sound Dispatch Seattle, WA
Article from Puget Sound Dispatch, October 23, 1873

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Integraphic EXCLUSIVELY FOR THE DAILY DISPATCH LACONNER, Oct. 15-First Ice of the season formed here last night on exposed water about one-eighth of an inch thick. The weather this morning is clear and cold. VICTORIA, Oct. 15.-The U. S. S. Tuscarora arrived here a few days since for coal, and the following is a brief account of her late tip kindly furnished by one of her officers: We took our deparure from Cape Flattery, on the morning of the 17th ult., and between that time and the 30th ult., sailed a distance of 1114 miles on the great circle route between Cape Flattery at At-Cha, in the Aleutian group. We sounded several times inside the 100 fathom line, more for the purpose of thoroughly testing the workof our then any When at a distance of reason. ing apparatus for 207 of water other miles Cape Flattery the depth decreased from about to less than 600 from suddenly thoms showing 1000 the ex- faof submarine nearly 2500 feet in height From to the of our tain istence position mountain last this moun- cast, we found the surface of the ocean bed to increase in depth in a ratio of about a athom to mile. The last cast was in a depth of 2534 fathoms, in latitude 53° 53'N., longitude 153° west; then having but small amount of coal on hand, we put back for this port. Our apparatus worked admirably. Sir Wm. Thompson's machine with fine piano wire in, undoubtedly, the best apparatus for sounding purposes now known. At each cast specimens of the ocean bed and of the under surface water were brought up 86 well as the temperature of the water within a few feet of the ocean bed. At each cast boats weresentaway from the ship, and the set and strength of the under surface and surface currents determined. Aftor coaling we will put to sea again with as little delay as possible, and will sound as much further to the westward as we can before the winter gales set in. DALLIS, Texas, Oct. 15.-A fire here this orning destroyed nearly la block of business houses. Loss between $50000 and $60,000. Insurance not known. LONDON, Oct. -Government having officially represented to the Emperor of Brazil, the sufferings of English emigrants to that country, a free passage home has been given to 164 emigrants by the Brazilian government. MEMPHIS, Oct. 15.-Reports of the committees are has become more visiting The disease localities unfavorable.- scattered here throughout the city and tofore exempt from any epidemic to-day report several cases, though physicians agree that the fever is less malignant. Decrease in mortuary report at noon to-day inspires a hope that though many new eases occur they will be attend. ed with less fatality. Weather continues clear and warm. Number of deaths from fever to-day, 41. Ten thousand more rations received to-day by order of President Grant. It is understood blankets and clothing will be sent from the same source. Mayor Johnson was reported as doing well at noon. COLUMBUS, Oct. 15.-Official and reported returns have been received from 46 counties, which show a net Democratic gain of 10,000. This gain carried throughout the State would elect Allen by over 4000. Democrats claim the Legislature in both branches which Republicans are disposed to concede. Des MOINES, Iowa, Oct. 15.-Full returns from 33 counties, or one-third the whole State, show a Republican llos? over the vote of 1871 of 25,000. Anti monopolists and Democrats will probably have a majority in the House of Representatives and the Republicans a majority in the Senate. PHILADELPHIA, Pa., Oct. 15. The Press estimates Gardon's, Republican, majority for Judge of the Supreme Court at over 18,000. Sixteen Republicans and two Democrats are elected to the Legislature from this city. Elliott, Republican, for Sheriff, has 15,740 majority over the Democratic and Reform candidates combined. PHILADELPHIA, Oct. 14. -Returns show that the Republican ticket will have about the usual majority, aithough there was a great falling off from the vote of last year. NEW YORK, Oct, 14.-Suspension of William Hoge & Co., bankers, and Wm. Whittemore & Co., brokers, is announced. There was a heavy pressure to sell stocks to-day and force the prices down and some cases the prices are below the lowest quotations at the recent panic. 3000 shares of Lake Shore have just been sold out under the rule, for the benefit of Boyd Benson & Co.' The firm has not failed, but is selling stock to get clear of the general com plications. The suspension of Gillespie,Strowbridge & Co., tea merchants, is reported. There were two significant services

10. October 24, 1873 The Andrew County Republican Savannah, MO
Article from The Andrew County Republican, October 24, 1873

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NEWS IN BRIEF. THE EAST. A PRESS shooting-match came off at the Creedmoor grounds, New York, last week, in which there were twenty-three entries. Gen. J. R. Hawley, of Hartford, won the first prize; W.H. Clark, of the New York News, the second: L. C. Bruce, of the Turf, Field and Farm, the third; Thomas Lloyd, of Harper's Weekly, the fourth; Charles G. Shanks, of the New York Tribune, the fifth; and J. K. McIntyre, of the Brooklyn Eagle, the sixth prize. In New York, on the 10th inst., gold was quoted at 108 and silver 104 to 108. Ex-CITY TREASURER SPRAGUE, of Brooklyn, who has been indicted for embezzlement, denies having defrauded the city out of a cent. He holds Rodman, his deputy, responsible for all the stealings A. E. Phillips, formerly Consul to Santiago, committed suicide in New York, last week, by cutting his throat Eighty-six horses were burned to death in Boston, last week, by the burning of Martin livery-stable A young son of Hon. Hays' M.D. Leggett, Commissioner of Patents, was recently killed by falling from a cliff near Ithaca, N. Y. THERE was a fresh tumble of stocks in New York Tuesday. the 14th inst., and Wall street was in a state of excitement which very closely resembled another panic. On the Stock Exchange matters were painfully blue, and quotations fell below the panic prices of the past ten years. New York Central dropped from 881 to 82}, which was taken as an indication of Vanderbilt's inability to hold it up any longer, whereupon the whole Vanderbilt list went headlong. Western Union fell from 571 to 48; Lake Shore from 66, to 59g, and Northwestern and Union Pacific followed suit. Various reasons are assignedforthe collapse, among them Judge Blatchford's modification of his injunction, which release 1 large amounts of Lake Shore. Western Union, and other stocks which had been held by Blake Brothers as collateral; the bankruptcy proceedings against Kenyon Cox & Co., involving Daniel Drew, one of the partners ; the advance in the Bank of England rate of discount to 6 per cent., and the large sale of stocks carried by the banks on margins, the holders of which could not put up any more collaterals. In addition to these causes there was also a panicky feeling among outsiders, who sent in orders to sell large amounts, and this in turn helped to precipitate the avalanche. The suspensions of the day were Burgen, Hurlbut & Livingston, sugar house : Gillespie, Trowbridge & Co., tea dealers; WilliamHoge & Co., bankers : William M. Whittemore, Wise &Cross. and Co., H. Pierce, stock brokers. The effect upon the money market was to advance gold from 1083 to 109g.