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SUSPENSION OF A BANKING HOUSE H. E. Offi y & Co. Make an Assignment What is Known and Said About the Failure. At an early hour this morning those who passed the banking house of H. E. Offley & Co., on the corner of 15th street and Pennsylvania avenue. had the opportunity to read the following card posted on the glass door of the entrance: "NOTICE. WASHINGTON, Sept. 16, 1878. " We find it necessary for the benefit of all concerned that we should suspend and make an assignment, which we have executed this morning. HISTORY OF THE HOUSE The firm of H. E. offley & Co. was started about three and a half years ago. It was composed of H. E. Offley (formerly chief clerk of the Navy department and his brother. There was at the time it started a rumor that ex Secretary Robeson was a beneficiary in its profits, but it is not thought he had any cap. ital invested, though he may have aided the new enterprise by giving it such navy business as he could throw into its way. More recently the firm was composed- to the hour of closing-of H. E. Offley and R. C. Hewitt. of this city. THE BUSINESS IT DID. The bank never did much of a deposit business. Its principal feature was to shave no speculate in stocks, and buy and sell District of Columbia securities. is known that when the bill to provide a form of government for the District of Columbia was pending, last winter, the bank carried heavy margins on 3.65 District bonds. They bought when these securities ranged at 75 to 79, and, pending ac tion on the bill, the securities advanced to 85 and 86, through which, it is alleged, they made considerable money. Emboldened by the success of the enterprise, the firm again invested largely, but, unfortunately for them, the bonds did not rise, but steadily fell. THE DISTRICT 3-65's. It is known that H. E. Offley & Co. have done eve rything they could to have the Secretary of the Treasury place the bonds on the public debt statement, believing that if this was done, the bonds would have been considered by the public a national security, and their value enbanced. Only day or two ago letter from the firm to the Secretary of the Treasury called forth a statement from the U S. Treas ury, de tailing the amount of 3-65 securities outstanding which was intended to offset an unfair and unjust opinion recently made by the Attorney General of the state of New York, which had the effect of sending the bonds down, and from which they have not since recovered. THE HEAD OF THE HOUSE AND THE ASSIGNEE Early this morning, between eight and nine o'clock, H. E. Offley, the head of the firm, came to the city in a car of the Washington and Georgetown Railroad Company. He was in deep and earnest con versation with Carter Marbury, esq., of Georgetown, a lawyer, to whom he is related by marriage, and to whom. it is said. be has executed the assignment. In the car was Mr. Greene, the popular book keeper of Middleton & Co. Offley exchanged the usual salutations of the day with him and gaged briefly in conversation with him. but did not indicate that he contemplated a sus pension. He got out of the car at 15th street and passed into his bank. and immediately wrote the notice' hereinbefore given and went away. Marbury kept on in the car, and was supposed to have gone to his law office. near the City Hall. Hewitt, the other partner of the firm, was not about the place of business. NO EFFECT ON OTHER BANKS. From the best information attainable in banking circles, it is not believed that the failure will have any effect on any other of the District banks. This for the reason that H. E. Offley & Co. could never have been classed as bankers, but rather as brokers. If any one with money wanted to buy gold or stocks on a margin, the firm would act as brokers for them. charging a commission. They did not have any deposit account worth speaking of. The loss, therefore, whatever it may be, will fall principally on the individual members of the firm. CAUSE OF THE FAILURE. It is believed, as before stated, that their investment of their own means in 3.65 bonds led to their suspension. It is alleged that the firm bought large amounts of the District securities a margin, at prices varying from 84 to 82. The bonds are quoted at 791/4 this morning. The probability is that that price was below the margin they bought at, and the firm was called upon by their agents in New York for a settlement they could not meet. Hence they concluded to put up the shutters. WHAT THE SPECIAL PARTNER SAYS. R. C. He witt, the special partner of the firm, came to the banking house at 12:50 'clock. He tried to get admittance at the back door, but did not succeed. For some time he remained around the bank. and then passed on up 15th street. To a representative of the STAR, he declared that he had no idea that the bank intended to close its doors that he was merely: special partner: that he originally put in $25,000 and subsequently 5,000 more. He said that be did not know where Offiey was, and was not adv ised of any intention on his part to suspend. GENERAL KETCHAM'S DENIAL. Meeting Gen. Ketcham, the STAR representation indicated to him that the rumor was afloat that he was interested with Offiey in his 3-65 bond investments. This Gen. Ketcham stoutly denied. He declared that he never had any business transactions of any kind with the snspended firm that he did not even know ho composed it that he never specu lated in any manner in District securities, and did not own asingle dollar of them. NOBODY SEEMS TO KNOW HOW THEY WORK. The most careful inquiry failed to get at even an approximation of the bank liabilities and assets. Hewitt declares he don't know what they are that he was only a special partner, and left the details of the manage ment of the affairs solely to Offley. DESPONDENT DEPOSITORS One lady read the notice on the bank this morning and said she had $1,200 deposited with it. A contractor it is said raised upon a deed of trust on Saturday 1,200 and deposited it with the firm. He drew on Saturday $500 This morning after the bank opened he went in and wrote his check for the six hundred ad ditional. Officy at that time had not arrived, and the contractor was requested to call again. When he came the second time Officy had arrived, but the doors were shut. The United States will lose no money, for what business the firm heretofore did on account of the Navy department has long since been taken from them. THEIR LAST EFFORT H. E. Officy & Co., after Treasurer Gilfillan had replied to their letter of inquiry concern ing the District 3.65 bonds, by giving only the laws and the plain facts in regard to them. without expressing any opinion as to whether they were government securities or not, ap plied to Secretary Sherman. The Secretary made answer only that he endorsed the letter written by the Treasurer on the subject. ASSIGNEES. TWO The assignees of the firm are J. Carter Mar bury and Sol. G. Henkle, both well known yers in this city. At half-past one o'clock Mr. Marbury came to the bank, and was ad mitted by a clerk through the side entrance on F street. To a STAR representative Mr Marbury stated that the assignees would soon prepare a statement for the public, but at the present time he had no idea of the liabilities or assets of the bank that it was a new business to him and that he would have to go over the accounts of the firm to ascertain how they stood, after which the public would be given an account of the affairs of the concern. says the failure is attributable to the fact that the bank invested largely in 3.65 District of Columbia bonds, which have depreciated in value and wiped out the margin at which they had bought. He does not think the deposits of the bank werelarge. MISCELLANEOUS RUMORS. There are a good many idle rumors afloat that the failure will involve other banks. This seems to be absolutely groundless, inasmuch as the business which Officy conducted being more that of a broker than a banker the busi ness transactions between the Officy firm and the other banks was hardly worth mentioning. ONE OF OFFLEY'S CLERKS made the statement to-day that R. C. Hewitt, the special partner, had promised to put into