Atlantic State Bank (New York, NY)

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IN BROOKLYN

Officers of the Atlantic State Bank Conclude to Suspend Temporarily. NEW York, May -From the Tribune of Thursday: "The news of the excitement and failures in Wall street caused much alarm in Brooklyn, and those interested in the financial institutions of that city feared lest they should be involved in ruin. Only one institution, however, seriously suffered. This was the Atlantic State Bank, in which Mr. Seney held one quarter of the stock. It cl eared through the Metropolitan Bank and had sent over its funds for the day before the closing of the Metropolitan was reported. In order to avoid a run on deposits and to realize upon its securities, the Atlantic State Bank decided to close its doors at 1 P. M. There was no crowd about it and only a few depositors were turned away without their money. Cashier Oliver M. Denton said he was confident the bank would reopen today and pay all depositors in full. The bank's capital is $200,000, and on January 1 there was a surplus of $100,000 and undivided profits of $30,280. Mr. Denton added that the bank had sent its checks to the Metropolitan Bank, and it was not doubted it was all right: when that bank closed they were left without money, and in the panicky condition of the market were unable to realize upon securities in their possession which were worth over $500,000. "E. S. Puffer, the president of the bank, said the bank would resume to-day. The city of Brooklyn has $107,000 of its funds deposited in the bank. "The other Brooklyn banks, which cleared through the Metropolitan Bank, were the Nassau and the Mechanics'. The Nassau Bank had its checks paid promptly before the failure, and the cashier said it would not be affected. except by the locking up, temporarily, of a small balance The Mechanics' Bank secured all its funds, its paper being redeemed by the Metropolitan before the doors were closed. Both banks have made arrangements to clear through other banks."

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Suspension of the Atlantic State Bank of Brooklyn. NEW YORK, May 14.-Tne Atlantic State Bank of Brooklyn closed its doors this afternoon. This bank is the Brooklyn correspondent of the Metropolitan Bank, with a capital of $200,000 and a surplus of $100,000. President, Geo. S. Puffer.

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A Brooklyn Bank Haspends for n Day. NEW YORK, May 14.-The news of the excitement and failures in Wall street caused much alarm in Brooklyn, and those interested in financial institutions in that city feared leat they should be involved in the ruin. Only one institution, ho wever, seriously suffered. This was the Atlantic State Bank, in which Mr. Seney held one quarter of the stock. It cleared through the Metropolitan Bank and had sent over its funds for the day bo. fore the closing of the Metropolitan Bank was reported. In order to avoid a run on its deposits and to realize upon its securities the Atlantic State Bank decided to close its doors at 1 P.M. There was no crowd about it and only a few depositors were turned away without their money. The cashier, Oliver M. Denton, said confidently the bank would reopen to-morrow and pay all de. positors in full.

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E THE GREAT CRASH GREAT SMASH OF BANKS IN NEW YORK-THE RESULTS OF FRAUDULENT PRACTICES. Wall street, New York, was a scene of panic and disaster on Wednesday. The failures were announced of the Metropolitan Bank, and the firms of Hatch & Foote, Nelson Robinson & Co., O. & Co., Goff & Co., J. C. M. Williams Bogart Donnell, & Burnham. Randall, Lawson & Simpson, and Hotchkiss & It said that the Metropolitan Bank will be able to pay its depositors, but that it is not likely to resuine. The bank's capital was $3,000,000, and its report to the clearing house last Saturday showed the following as its condition at the time : Loans, $10,977.000; specie, $1,779,000 legal tenders, $491, 000 deposits, $8,425,000 circulation, & $1,305,000. D. B. Hatch, of Hatch Foote, said it was impossible for him state whether their suspension was temporary or final. A meeting of the Clearing House Association was held, at which a reso lution was adopted for the appointment of a committee of five to receive from be banks, members of the Association, bills receivable or other securities to be appropriated by said committee, who shall be authorized to issue therefor to bank loan certificates interest at 6 per per such bearing depositors cent. cent. in excess of 75 per of in case securities, annum not except of United shall States bonds, and said certificates be received in settlement of balances at he Clearing House." had a quieding effect, and the in This stock action markets, became which had firmer been Folger, tone. greatly Secretary demoralized, who is in New telegraphed to Washington early in an order for York, the day call the for immediate bonds, payment of the 127th and Secretary made the sury the Acting announcement of the accord- Treaingly. Secretary Folger " expressed his determination to use all the power of the Government to prevent panic, and to act promptly to the utmost limit ey of his authority.' There was a run re the on the during day Second announce National et Bank, notwithstanding all st men' by Examiner Scriba that the ets bank was solvent. Lee It appears that John C. Eno, President of the Second National Bank, had rtbeen using its funds in Wall street speculations, to the amount,rumor said, nd of $2,000,000. Whatever the deficit, however, it was made good by his 08father, Amos R. Enos, a wealthy real estate owner. John C. Eno resigned an the Presidency of the Bank on Tuesday afternoon, and the Directors appointed to as his successor James A. Trowbridge, son of a former President. The Presiod dent of the Metropolitan Bank is Geo. I. Sauey, a well known philanthropist, his who within a few years has given to religious and charitable institutions ub $1,500,000. The Atlantic State Bank, of Brookleft lyn, closed its doors in the afternoon BOL in conseqnence of the failure of the Mecropolitan Bank, through which it 'BOD cleared. The Atlantic Bank expects to re-open to-day. Its capital 18 $200, ex 000. he banking house of T. L. Wat son & Co., of Bridgeport, Connecticut for suspended at 3 o'clock this afternoon owing. 1: said, inabilities - connecticut National Bank, in which they deposit, to honor thei Pen drafts, on account of the condition o atlairs in New York." Watson & Co oto leit expect to resume payment to-day. Telegrams from all other points ery North, West and South, received las No. night, show that no trouble has grown out of the Wall street panic. It wa rket reported last night that the deficit the in the Second National Bank of New York amounted to $4,000,000, and tha en if the President's father paid $3,500,000 iver the amount, the Directors giv n 624 $500,000. The bank paid out $500,00 codyesterday. Emile de Smet, a prominent lumbe for dealer of Moss Point, A.a., has failed food with liabilities estimated at $400,000. A New Orleans creditor holds a mortgage ness on De Smet's property for $150,000 on't whiele is believed to cover all available ture assets. -

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ment of the failure of Nelson, Robinson & Co. As Robinson is a son-in-law of Seney and one of Seney's sons is a member of the firm of Nelson, Robinson & Co., it is supposed Seney would not have allowed the firm to go under had he not been badly crippled himself.

At the office of Nelson Robinson & Co., Nelson Robinson said the failure was occasioned by calls for money from all quarters which could not be immediately met, by the general shrinkage of securities, the disturbed condition of the times, and the circulation of disgusting rumors. He would be unable to furnish a statement of the liabilities and assets. Most of their loans were well protected, if holders did not lose their heads and want to get their money in a day. Donnell, Lawson & Simpson have announced their suspension. They are large dealers in county, water and city bonds and are said to have two millions with the suspended Metropolitan Bank. The firm say that owing to the general panic prevailing we believe it best to suspend until we can see where we stand, The Supreme Court to-day grantei an injunction in favor of the Buffalo, New York & Philadelphia railway restraining U. S. Grant and others from disposing of bonds of the railroad company.

At 1.30 the excitement has subsided to a great extent and a better feeling prevailed, but the situation is by no means settled. A general impression is that the end is not yet. The largest dealer in privileges on the street was obliged to receive 200,000 shares on "puts." This large block must have called for a heavy drawing, even on his immense resources. It is stated that Secretary Folger was invited to the meeting at the Chancery House and the result of their conference is awaited with much interest. Drexel, Morgan & Co. received word from their Philadelphia house that they have all the money wanted. The board of managers of the stock exchange posted an official notice that the exchange would not close until the usual hour. Rumors affecting several national banks continue flying about the streets, but none are traced to a reliable source.

As the settling hour approaches the rush of boys delivering stocks adds to the excitement. District Telegraph boys, clerks and attaches of brokers' offices are ail brought into requisition, and the scene on the street is one of intense activity. 250.-The Clearing House Association has just adjourned, after adopting the following:

Resolved, that in view of the present crisis, banks of this association, for the purpose of sustaining each other and the business of the community,

Resolved, That a committee of five be appointed to receive banks' (members of the association) bills receivable, or other securities, to be approved by said committee, who are authorized therefor, to such depositing banks, to loan certificate bearing interest at 6 per cent. per annum, not in excess of 75 per cent. of the securities or oills receivable, so deposited, except in case of United States bonds, and sa'd certificates shall be received in settlement of balances at the Clearing House.

The following gentlemen comprise the committee: F. D Tappin, George S. Coe, J. D. Vermilye, George D. Williams, W. A Wall and Edward S. Perkins.

Hotchkiss & Burnsame, have just announced their suspension on the stock exchange.

Additional notices posted on the Metropolitan Bank say: "Drafts of Holmes & Son, Pittsburgh, will be fixed by the Bank of America." "Drafts of the Flour City Bank, Rochester, and Marshall, Field & Co., Chicago, by the Bank of Commerce." "Drafts by the Bank of Utica, Buffalo, by the Hanover Bank."

2.30 pm. At the clearing house bank presidents are in session. It is stated on the best authority that banks will stand by each other as they did in 1873

The gong of the Stock Exchange has sounded, and one of the most xoicing days in the history of that institution is closed.

It is reported that Drexell, Morgan & Co. had $1,000,000 in the Metropolitan Bank. A member of the firm denied this, saying it had withdrawn its large account in that bank two years ago. Another report is that the Atlantic Mutual Insurance Company deposited $1,000,000 in the Phenix National Bank this morning.

Grant & Ward's statement was not ready to-day.

The Atlantic State bank of Brooklyn, closed its doors this afternoon, this bank is the Brooklyn correspondent of the Metropolitan Bank. Capital, $6,200,000; surplus $6,100,000; President, Geo. Peiffer.

A representative of the associated press has inst interriemed a promi-

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MONEY MATTERS

Fisk & Hatch the Only Important New York Failure Yesterday. Telegraphic Touches on the Situation-News From the Main Points. / Road Agents Attack Paymaster Whipple and Kill Sergeant Coonrod. Special Telegram to the YELLOWSTONE JOURNAL. The Situation in New York. NEW YORK, May 15.-An easier feeling prevails in business circles in New York this morning, and the general opinion is that the climax has been reached. Among the suspended firms yesterday were also Wilson Robsnson & Co., Goff & Randall, Orlando M. Bogert & Co. and A. B. Bogert & Co., also J. C. Williams, Hotchkiss & Bumham, Dyett & Co., John C. Eno and Hatch & Foote. The Atlantic State bank of Brooklyn also went to the wall, and it is believed the Phoenix bank, of New York, came very near it. The Donnell La wson & Co., and suspension of the Metropolitan bank caused the greatest excitement, but the latter resumed to-day. The only failure of importance to-day is that of Fisk & Hatch. Jay Gould says that a general panic is impossible, and that people are foolish to get uneasy. Stocks went off yesterday 5 to 10 per cent, and regained to-day two to five points. Northern Pacific preferred classes at 46. The panic was felt in London, and one small failure followed there.

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NO DANGER OF A PANIC

BUSINESS RECOVERING FROM WEDNESDAY'S STARTLER. tant FailuresYesterday Marked by but An One Upward or Two Unimpor Feature of the Day on Leap 'Change- the American Securities Irregular in London. NEW YORK, May 16, 9:30 A. M.-The has been alive for fully half an hour, street and at this time there is every indication centre. brisk day in this financial the of The a office of Fisk & Hatch is open for conof all who desire to see or admission with members of the firm, but of course sult no business is transacted beyond the receiving of the various claims basis against of the house, and the fixing of the Fisk settlement of its contracts. Mr. of the interviewed by a representat beyond Associated Press, and said that circular statements contained in the the their creditors issued last night could to at this moment say but little. Many of of the depositors and other their entire creditors confithe firm had them, expressed and had notified them that the dence their claims in would not be pressed to detriment of the house. BEARS COVERING NEW YORK, May 16, 9:50 A. covered is that leading bears have stated short lines; and in some instances on the have their changed their bankers position continue to market. large Foreign buying orders from stocks. England port the Continent for bonds and good and stated that there has been parties. is vestment also buying for out of town amount of reported that large withdrawn stocks It had been paid for and of Fisk the street. The bligations are very small. from & Hatch on the Stock Exchange WORK BEGUN. NEW YORK May 16, 10 A. M. business The gong sounded and the day's There has Stock Exchange. begun at the no appearance of flurry on the be floor, larger pools appear to than although usual the number of offers with appear few equal to the bids. A talk the be of the board brought out members that they believe in higher prices are anfact unless some new failures day, nounced, and no one has so far probable, expressed opinion that more are very to prethis writing it is impossil dict but at what the day may bring forth. THE CLEARING HOUSE READY The NEW YORK, May 16, 10:15 A. loan M. clearing readiness committee for instant have deli tificates determination to use them and expr relieving without liberally with view of money mar stringency in tho delay any closing the Stock ket. The wild talk of with well necessity Exchange is treated exists for such action, ridicule, speculatic as no being of in the no board sense panicky. An old member much less flurried says that deal occasions are when no particuthan on many existed for excitement. that officer lar reason of the Stock Exchange Russel states he has been informed by 'put" sent in, that he will meet every but must proceed slowly THE STREET LESS CROWDED The YORK, May 16. 10:30 M street idle of the gazers NEW has settled down to work. and There with masses cumbered is vicinity absence of the Exchange curiosity is no longer breed ers, who only the serve progress of those who and hinder street. The visitors' business on still the well filled and the door leries to discriminate as to those are obliged of these looking down the brokers mitted. A majority are elegantly dressed ladies. HOW STOCKS OPENED. WALL STREET, opened May 16, weak 10:35 and A. feverThe share market W estern Union and Union Paul opene Pacific. St. except for 11/2 lower Northwest 1/2 at 1011/2, 87. Reading 671/2, Lake Shore 21/3 This 1/8 1093/4, Omaha 11/2 at 241/2. was of per at succeeded 313/4, and by better feeling and cent. prices. general Bankers advance are buying continmarket The sterling exchange have reduced weak and rates Stocks lent at flat to 6 per no but announ $4 851/2 cent. and carrying. 871/2. Rumors of fail- has been made up to 10:32 o'clock GOVERNMENT BONDS WEAK. YORK, May 16, 11 NEW weak and depressed bonds are 110@112 ment and which closed at last night, now on the street bank the 120@ 1081/21 1093/4 and 116@119. weakness caused President by fear says that that Fisk & Hatch's ings may be marketed. HARDY & SONS SUSPEND. W ALL STREET, May 16, just 11:05 announced suspension C. Hardy & Sons to the have Stock Exchange. their STOCKS DEMORALIZED. Stocks NEW YORK, May 16, 11:15 A. the M. Hardy and demor ralized on failure. are heavy Lake Shore is down to 81. THE MARKET RALLIES M The NEW YORK, May 16, of 11:25 1/2 to 21/4 A. for market shows rally stocks are heavy. shares But few selling at 108 again York Central while Lake Shore back house, to this morning Camp, of the clearir 83. Manager are availing themselv says that banks new certificates. He would more freely not be of surprised the if $1,000,000, were taken $3,5000,00 to-day. IN LEGAL TENDERS. the May 16,12:45 P. At NEW a ORK, $3,500,000 in legal tenders This Sub-Treasury been paid out up to noon. strengthen had the bank reserves. DECISION The THE YORK, May 16, 2:30 P. M ComNEW the Clearing House Loan to loan meeting of in the decision mittee has resulted of the ociation all the the to members require at par on money they government may This pledge of thought, help materially to ease will, the prevailing stringency in money. THE RUNS IN BROOKLYN. The runs NEW YORK, May savings, 16, 6P. banks M.- to-day on the confined Brookly to a few small depositors The doors were the foreign population. Brooklyn among the Atlantic State Bank but of there of were thrown transacted. open to-day It was said that no business got through their the Bank Examiners and found everything work last and night the capital of the tors. bank is unimright meeting of be done called paired. to determine A what is best to next. EXAMINER SCRIBA'S REPORT. Comptroller of the Currency to-day The telegram from Bank that Examiner the received at New York saying $2,412,000 Scriba, ond National Bank 14th paid and out 15th insts., during the run on the good condition. conside to be in everything and is also reports Naing on says that The examiner smoothly at the Metropolitan he considers the tional trouble Bank, over and so far as the associated banks are concerned. A BULL. VANDERBILT EXPECTED TO BECOME say NEW YORK, May 16, 6:30 that P. their M. The brokers

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Price Two Cents The trouble is simply, so far, a brokers' panic, and, we may add, a very natural result of the way business has been done during the recent period of great activity. The story of the failing banks is a simple one. The Marine was part and parcel of Grant & Ward; the Atlantic State bank of Brooklyn and the Metropolitan National of New York were Seney banks and were carrying the Seney projects that were too big for private capital. Family-in-law brokerage houses were mixed up with these, too. The Second National did not fail, but the reason for the run on it was plain, and the reason it did not fail was that its president had a rich father. This, however, is a resource that cannot be expected of all bank presidents-old ones especially.

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Only One Unimportant Failure Reported During Business Hours, and It Is Certain the Worst Point Has Been Passed. Donnell, Lawson & Simpson Ask the Indulgence of Their Creditors. Senator Sherman Sees No Reason for a General Panic, and Thinks the Recent Failures May Result Beneficially. THE STOCK EXCHANGE. A Generally Uneasy Feeling, but the Day Passes Without Additional Failures. NEW YORK, May 16.-At an early hour there was every indication of a brisk day. The office of Fisk & Hatch was open, but no business was transacted beyond receiving claims and fixing a basis of settlement. Mr. Fisk said that many depositors and other creditors had expressed entire confidence, and notified them that their claims would not be pressed. At 10 o'clock the gong sounded and the day's business began. There was no appearance of flurry on the floor of the Exchange, and although the various pools appeared larger than usual, the number of offers appeared equal to the demand. Talks with a few members of the board brought out the fact that they believe higher prices will prevail to-day unless there are new failures. The clearing-house committee have loan certificates ready for instant delivery. and express a determination to use them liberally, with a view to relieving, without delay, any stringency in the money market. The wild talk about closing the Stock Exchange is treated with ridicule, as no necessity exists for such action, speculation being in no sense panicky. An old member of the board says dealings are less flurried than on many occasions when no particular reason existed for excitement An officer of the Exchange stated that he was informed by Russell Sage that he had met every "put" seut in, but must proceed slowly. At 10:30 the street had settled down to work. There was an absence of idle gazers, and the vicinity was no longer cumbered with masses of curiosity seekers. The visitors' galleries were well filled, a majority of those looking on being elegantly dressed ladies. Russell Sage is not taking stocks on privileges this morning, but is making settlements by giving checks for differences-that is, instead of paying for the stocks in full, he gives holders his "puts" for the profits accruing on the transaction. This saves him paying a large amount of money, but his action will compel brokers to sell stocks which they bought, expecting he would, as has been his custom, receive them on his "puts." Vanderbilt's brokers say their chief will reach London on Monday. when they expect to receive heavy orders from him to buy. The suspended firms are all busy straightening their affairs. Goff & Randle will not have a statement ready before next week; Dimock & Co. state that it will require some time to adjust their accounts; Hatch & Foote, Bogart & Co., Hochkiss & Burnham and J. C. Williams cannot give anything definite as to the state of their affairs; Nelson Robinson & Co." expect to resume in a short time: Donnelly, Lawson & Simpson are not disposed to say anything. The first two hours of business, which are usually the most dangerous in a season of flurry, passed with only one small failure, which had no depressing influence. Sub-teasurer Acton says there was a brisk demand for legal tenders at his office yesterday, causing the withdrawal of $3,500,000. Up to this hour to-day $1,000,000 in legal tenders has been paid out. and nearly another million silver certificates-the latter for payment to savings banks. Business matters at the Produce Exchange have a rather gloomy look, although no failures or rumors of failures are current. Traders are not disposed to operate to any material extent, and shippers' operations are checked by the extreme difficulty of selling sterling exchange. Prices are all lower and tending downward. Leading members are quite hopeful that there will be no panic on the Produce Exchange, but some members are discouraged at the outlook. At the Sub-treasury large amounts of green backs and silver certificates were paid out to savings banks. The excitement at the several Brooklyn banks has calmed down. There that could be called was nothing arun on any of the savings banks to-day. The Atlantic State Bank, of Brooklyn, opened to day, but no business was transacted. The bank examiners got through night, and found everything all right, and the capital of the bank unimpaired. The speculative day ended peacefully, and all evidence goes to show that the semi-panic is over, and that monetary affairs will gradually return to their accustomed condition. The only failure announced during the day was that of Hardy & Sons, whose contracts, it was stated, were provided for.

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The Brooklyn Banks

NEW YORK, May 16.-The runs on the Brooklyn savings banks to-day were confined to a few small depositors among the foreign population, The doors of the Atlantic State Bank of Brooklyn were thrown open to-day, but there was no business transacted. It was stated that the bank examiners got through their work last night, and found everything all right and the capital of the bank unimpaired. A meeting of the directors is to be called to determine what is best to be done next.

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mote it be

Last Wednesday was a day of wild excitement and panie in New York, when it was announced that the Metropolitan bank and several brokers had failed. The Atlantic State Bank of Brooklyn also went under. Geo. I. Seney, of the East Tennessee, Virginia and Georgia railroad, a philanthropist who has given millions of money to public institutions north and south, was among the number. Railroad stocks dropped rapidly, and it was feared a general crash would come. But it seems that the trouble was confined to speculators, and that legitimate business is not involved. The country is generally in a healthy financial condition, and it is not thought that there will be much distress outside of Wall street.

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EVERYTHING QUIET

Runs en the Brooklyn Banks Ended-Condition of Other Banks. [By telegraph to the Dispatch.] WASHINGTON, May 17.-The Comptroller of the Currency was this afternoon notified by his officers in New York that the banks there continue all right, and that everything is quiet. The redemption of called bonds in New York to-day amounted to only $323,600. NEW YORK, May 17.-The run on the Brooklyn Savings Banks was ended today, and parties were returning their money at the banks. At the office of the Atlantic State Bank the affairs between it and the Metropolitan Bank of New York are being adjusted. It is hoped that things will be arranged to-day and the bank will resume business. The cashier said to-day that there was only one little hitch to the bank resuming, but he would not state what the hitch was. It was believed, however, that the hitch was an embarrassing lack of funds. In the Kings county register's office there was filed a deed of conveyance by George J. Seney and wife of their mansion in Brooklyn to the Metropolitan Bank of New York in consideration of $175,000. They also filed a deed of conveyance of another house and valuable grounds, in Brooklyn. to Heny L. Jacques in consideration of $80,000. READY TO PAY DOLLAR FOR DOLLAR. NEWARK, N. J., May 17.-The run on the Howard Savings and Dime Savings Banks here, which began yesterday in consequence of the Newark Savings Bank failure, continues to-day. The bank managers are cool and convinced that the run is temporary, and say that they are ready to pay dollar for dollar as fast as it is wanted. Receiver Wilkinson. of the Newark Savings Bank, went to New York today to collect loans, which are payable when the statement of the bank's affairs to the chancellor are to be made. President Dodd was at the institution all day yesterday, and takes the situation coolly. He acknowledges this morning that $800,000 of the bank's money was in cash in the hands of Fisk & Hatch, who paid interest on the sum pending. he says, its permanent investment. The receiver has made no sales of any securities, and will await orders of the chancellor after submitting his statement. CONDITION OF THE NEWARK BANK. NEWARK, N.J.. May 17.-Receiver Wilkinson, of the Newark Savings Institution, this afternoon submitted a statement to the chancellor showing that the amount due depositors is $6,156,534. The total assets, according to the receiver's estimate, exclusive of $845,000 due from Fisk & Hatch. are $4,995,337-a deficiency of $1,161,197. The bank has securities and cash on hand to warrant the payment of 30 per cent. to depositors immediately. In case that Fisk & Hatch are able to resume the bank would lose nothing, and the receiver says he will make the most liberal arrangements possible to enable the firm to continue business. THE LONDON ECONOMIST ON THE SITUATION. LONDON, May 17.-The Economist thinks that if the panie in New York is confined to the Stock Exchange, it is not likely to continue long or leave seeds for future trouble. It will tend rather to clear the air and facilitate gradual recovery from the depresThe present trou-

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THE export of wheat to Australia from England in 1884, it is estimated, will be 11, 000,000 bushels. ON the 13th the Supreme Court of the Knights of Honor of the United States began a ten days' meeting at Chicago. ON the 13:h a can with forty detonators for firing dynamite was discovered under the wall of Woolwich (Eng.) Arsenal. REPORTS are again current to the effect that the Erie Railroad lost nearly $2,000,000 by the Marine Bank and Grant & Ward failures. THE authorities of Canada seem to think their precautions against dynamiters were necessary, according to recent developments. DURING the year over $10,000 was ex pended among the freedmen of the South by the National Temperance Society, and they report that the blacks maintain the the pledge equally as well as the whites, THE authorities of Dublin have been warned of attempts to destroy the Nelson column, and a laborer with a bag of gunpowder and a long fuse was arrested on the 13th inside of Dublin Castle. DURING the past year business was the most unsatisfactory in the history of the Toronto (Ont.) Corn Exchange THE Treasury Department will now redeem bonds embraced in the 127th call prior to the date of maturity-June 20, 1884. AMERICAN securities fell off in London on the 14th, consequent upon the New York failures, and there was one small failure on the Stack Exchange. A TREATY regulating the liquor traffic with Siam, similar to the ones in force with England, France and other nations, has been signed at the State Department. ON the 14th the Odd-Fellows of San Francisco laid the corner-stone of their new hall. Nearly all business was suspended, Governor Stoneman having proclaimed the day a legal holiday. The hall will cost $200,000. IN the Falls Creek, St. Marys and Hardscrabble mines, Dubois County, Pa., the miners have struck against the introduction of the screen system, and 1,500 miners at Canton, O., are threatening to strike. FINANCIAL circles in New York were badly excited on the 14th by numerous failures. The following comprise the list: Donnell, Lawson & Simpson, the Metropolitan Bank, O. M. Bogart & Co., Nelson, Robinson & Co., Goffe & Randall, Hatch & Foote, J. C. Williams, stock broker, and the Atlantic State Bank of Brooklyn. There was a run on the Phonix and the Second National Bank, but they were reported by the Bank Inspector to be sound. Throughout the country the reports were that no danger was feared of banks in other cities suffering in consequence of these failures. THE recent treaty between the United States and Mexico has been ratified by the Mexican Senate. AT Louisville six hundred horses had arrived for the Spring meeting of the Louisville Jockey Club, which began on the 16th. THE Presbyterian General Assembly began its annual session at Saratoga, N. Y., on the 15th. Rev. Dr. Hays, of Denver, Col., was elected Moderator. ON the 15th at the National Jockey Club races at Washington, D. C., Gath, in taking a hurdle, caught his foot and, falling upon his head, broke his neck and died. THE Fort Worth (Tex.) Water Company has filed suit against Donnell, Lawson & Simpson for the recovery of $130,000, said to be due on the sale of bonds. ON the 15th the bill regulating the manufacture, sale and use of explosives was adopted by the German Reichstag, after which that body adjourned until June 10. WASHINGTON seems to be the headquar< ters for cranks. An old lady claiming to be "Queen Lucinda, from Louisville," wanted possession of the Executive Mansion on the 15th. i AT the annual meeting of the Board of Fire Underwriters in New York President Hood stated that the loss by fire during the past year had aggregated over $100,000,000. ON the 15th the Metropolitan Bank of New York resumed business with a change of Presidents, Geo. I. Seney being succeeded bv Henry L. Jacques. Fisk & Hatch and i A. W. Dimock & Co., brokers, suspended. I IN the case of E. B. Wheeler for the killing of Marshal J. P. Matthews, at Hazel5 hurt, Miss., a verdict of not guilty was rea turned. 1 JOHN KETCHUM, known as one of the Breathitt (Ky.) gang, was killed by a man 1 named Bowles in Rock Castle County, on 1 the 15th.

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Second was was In the Wall rious from rushto and one lower, points dropped of a at rate within speed. frightful were the few minutes on the O. nounced M. and Foote Boger Hatch of and Co., N. and Goff Next came Williams.co., Robinson of Na the the failure of with capital 1. 000, Seney of the the road, is Georgiate Nickle the Ohio and whose Central to are roads East believed run combeen have heavy the bank National Second menced that found soon where been bad elected J. James A of deprowhridge the that president: by his Eno had promptly bank and paid By the sound. of institution Wall street room foot by ten for occupied an ex many being them crowd. to happened im the be Polfordered for call bonds... eited ladies. in New Secretary York and of the of last easing by the the monetary the mediate in the 1 pe currence were change an of of nonneed or simpson Donnell. in panic. cent as diem. the Burnhapato bank State Atlantic of of capital Brooklyn The 000 events doors. closed the Paul preferred morning and Pullmar common Cen Northwester stock par. knocked to tral Union points. Michiganitic forced to to 49. The 39 Union Western tal shares 630,000 in "transactions the Penn The markets tet petroleum down were cities gylvania Jul but little points. recovery shower wheat in Chicago of cents from deeline of but the most highest M. was Charles Bayard. in stock phia. broker suspend Philadelp ed In block large Boston of and Atch bonds Central Alexican on the son were market of to five seve from causing an points: Louisville an nine stock points. other Nashvilleging American showed decrease or value. individu Chicago to by the seems have affected the Time citing simpson. Donnell, Lawson of The house Lawson New Donneyork special simpson. the by was down failure with the which bank, The house carried wl of Robert Donnell, a mi composed be over worth wl reported M M. le Lawsonem George manage in of ers lion was dollars. in Europeanly firm the of ban that years ago. is now who was Chick Wall street son for 111 hundred of Information son. for Northeffed in firm among about we ern agen fiscal w bankbankers. of for They enjoy Kansas. in the extent er The policy western to No the been has at discourage stre and York avoid be th wall in Simpson on out stock money on lend and mon to the western bankers. in d speculation: the firm no rule who to course, were wh principal we kn the failed. be be dema that there ed general nonder upon corresp to be fair and for th to and favor none at to see who once suspend as at we are What your nd ab that say they liabilitiesPare cc, You may IIIof this firm priva distu the ntof llly $3,000,000. The disastor carries to the area. financial The ramin Illine Iowa, ance bankers into a their new business into Kans the Nebraskit, Colorado. and tl urtions Missouri. Texas. more extensive York has territories Arkansus. are other New bankers eit omfrom any and the westerbasiness their it an red Many to this do firm or of with the ba will are proba of not the hear jou ore Their wholly national 80 remote bank that suspensitive they for the seve fi days.rate but several aggregate he be the the Texas proably jest have of been carry losers. of the the result large balances in land the tivity speculati is in said bank are Tex... Benham, of $50,000. h the however of have One a balance banks involved. and it condition will dep lied iles upon one the numer in small failurine largely small of the balances. each the local whether over the It is fir the ork that feeting will :opple the west. upon of the at adidase and company Railroad end ma loan than more is tropolitan Metropoo. crippled it credit been at over the $1,000,000.

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AFFAIRS OF THE ATLANTIC STATE BANK

REPORT OF THE EXAMINERS TO BANK SUPERINTENDENT PAINE. ALBANY, May 21.-The following particulars in reference to the insolvent Atlantic State Bank, of Brooklyn, were obtained from Bank Superintendent Willis S. Paine : The bank suspended payment on the afternoon of May 14. On the evening of the same day the Superintendent issued a commission to Josiah Van Vranken, Deputy Superintendent, and J. L. Adams, directing them to examine into the condition and affairs of the bank, which work was begun on the following morning and a report of results submitted next day, as follows: Asseta

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Court, appointed Freling H. Smith temporary receiver of the Atlantic State Bank of Brooklyn. The bank is ordered to show cause before Judge Pratt on Monday next why the receivership should not be continued, and the affairs of the bank ,wound up.

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Brooklyn's Atlantic Bank Penniless

NEW YORK, May 2.-The capital stock of the Atlantic State Bank at Brooklyn is totally wiped out, There is also a deficiency in the assets of the bank. It is one of the Seney banks and suspended the day after the Metropolitan Bank of New York.

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12:45 p. m.-Donnell, Lawson & Simpson have announced their suspension. They are large dealers in county, water and city bonds. They are said to have two millions with the suspended Metropolitan Bank. WALL STREET, N. Y., May 14, 2:50 p. m. -Hotchkiss & Burnham have just announced their suspension. The Atlantic State Bank of Brooklyn, also closed its doors this afternoon.

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-h PH te be g CLIFION, May 16. Much feeling is manifested in Clifton and Morenci over ed t. the hanging of Jno. Nichois, whose body was found last Saturday, twelve miles south of Lordsburg, N.1 M. Nichols left al Morenci about a month ago, well provided with money visit some adjoining camp, and was last heard of in He Lordsburg about fifteen days ago. was formerly shift boss in the Detroit Copper company, and was an industrious and law abiding man. The New Mexico authorities will be urged to thoroughly it investigate his mysterious death, as of was believed he was foully murdered. TOMBSTONE, May The jury in the case of Adams, charged with the marder of Constable I. L. Roberts, of this city, February last, returned a ver diet of manelaughter. The Grand Central mine directors have held meeting and decided not to resume work on the mine except on the basis of $3 per day. This is final. The miners' union still hold out for St. City very quiet. TOMBSTONE, May 19.-J. R. Mason was shot and instantly killed at Fairbanks last night by William Humphries. From the testimony at the coroner's inquest, it looks like an unprovoked murder. Humphries gave himself up and is now in custody. The killing 18 said to have been the result of an old feud. The latest phase of the conflict between mine owners and miners is that the mines will not pay more than three dollars per day and will not employ union men, even at that rate. Union miners are leaving camp rapidly. NEW YORK, May 16. Fiske & Hatel the will open for all desiring to consult but no business will be transacted firm. receiving claims and fixing basis beyond of settlement. Fiske said that depositors and other ex pressed many their entire confidence and notified them that their claims will not be of pressed. Business began at the Exchange Stocks with flarry. weak, out the appearance succeeded by better feelopened ingand general advance of one-half to two. Foreign bankers are buying extensively. Rumors of failures continue, but no announcement yet made and is exists treat ed as ridiculous as DO in for such action, speculation being Ex. no panicky. An officer of the sense change states that he is informed by Russell Sage that he will meet every sent in, but must proceed slowly. "put" The Clearing House committee have certificates ready upon instant de livery loan and express the determination to use them liberally with view of reliev without delay the stringency of the money ing market. There is wild talk about closing the Stock Exchange FISKE HATCH'S BANK CLOSES. N. May 16 The Newash The bank officers say Fiske & Hatch own the institution million dollars capital. THE LONDON STOCK MARKET. LONDON, May 16. Stocks opened relower than last night, on somewhat from New York. Shortly afterwards ports general firmness set in which prevailed up to 2:30. $3,500,000 LEGAL TENDER PAID OUT THIS MORNING. NEW YORK, May 16- Noon. The of legal subpaid out $3,500,000 treasury This strengthens tenders this morning. The first two hours of business, the bank reserve. which are usually the most in of flurry, passed dangerous with only one small failure, which had no depressing influence. FLURRY IN KANSAS CITY OVER. KANSAS CITY, May 16 All traces circles of flurry in banking yesterday's disappeared. The banks are pay have ing in full, and to-day 'sibusiness is moving along as usual. CENTRAL PACIFIC ANOTHER BANKER GOES. NEW YORK, May 16 11:30 a. m. -Fisk conHatch have posted a notice that & of the Central Pacific bonds will pons be paid at the office of the railroad company. H.C. Hardy & Sons have suspended; for all their contracts are provided demoraliz Stocks are heavy and ment were of the failure; on the afterwards annound rallied 1/2 to 214 some they stocks are heavy; New shares, but few 10. York Central selling 108 against CLEARING HOUSE CERTIFICATES YORK, May 6.-Manager Camp, banks NEW the Clearing House says the of of availing themselves now freely not are certificates. He would be surprised the new if ten million would be taken all The suspended firms are to-day. busy straightening their affairs. AN ATLANTA, GA., BANKER FAILS. ATLANTA, Ga.,May 16 -John H. James, announces he will not open banker, doors to day. He has real estate which to the amount of half milliop dollars which will offer for sale at once and The than meet liabilities. will banks more and bankers of Atlanta tendered assurance of assistance, which James declined. CATCHING THE FEVER. CHICAGO, May 16.11a. m. demoral- Markets depressed and are partially ized are on the receipt of the news of additional failures in New York and there was a decline in stocks. THE ATLANTIC STATE AND THE CAPITAL BANK. NEW YORK, May 16. The excitement several of the Brooklyn banks has calmed down. at The Atlantic State Bank The was open o-day. but bank no examiner business was got transacted. through last night and found every thing all right. The Capital Bank is improved. GOVERNMENTS DEPRESSED. NEW YORK, May 16. -Governments depressed, 41/8. and 4s. which closed last 110@112 and 120@122, on the street now 1081/@108 and 116@119. weakness night, is caused by the fear that r The Fisk & Hatch are holding to be marketed. Sage is not taking stocks on privileges but making settlements this morning, hecks for the difference

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PROSPECTS OF THE ATLANTIC BANK

The directors of the Atlantic State Bank in Brooklyn, for which a temporary receiver was appointed on Thursday, are endeavoring to recover the sum of $235,000, which Mr. Seney had placed to its account with the Metropolitan Bank. If this is secured the small defielt remaining of about $5,000 will be made up by the directors, and steps will be taken to prevent the appointment of a permanent receiver. The bank will then go into liquidation, and when the depositors are paid in full a new bank will be founded, and Cashier Denton will probably be retained to manage it. Mr. Denton said yesterday that the difference with the Metropolitan Bank and Mr. Seney was being adjusted, and that twe-thirds of the amount due had been made good. Mr. Seney owns 515 of the 2,000 shares of the bank, and his daughter and her husband own 180 more. The bank has paid 12 per

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Mr. Seney's Brooklyn Bank. It isn't at all probable that Mr. Seney's Atlantic State Bank of Brooklyn will resume. Several reassuring reports have been sent out for the purpose of keeping up the spirits of the depositors, but it begins to appear that these reports are rosecolored, and do not rest on facts. The receiver who has been put in charge of the bank has awakened to the fact that there is nothing for him to receive. He finds on inquiry that Mr. Seney's practice for years was to take the money of the bank and invest it in securities, and to lock up the securities in the vault of the New York Metropolitan Bank. Nobody asserts that the securities are not in the vault where Mr. Seney placed them, but what are the securities worth? They appear to be of that class for which there is no sale at any price. Nobody wants them, and it isn't certain that anybody ever will want them. The depositors, therefore, are not any better off than if there were no securities at all. It may be that Mr. Seney's fortune is not so nearly gone as was at first reported, and that he will manage to scrape enough together to furnish the receiver with a lit. tle cash. It is certain the depositors would rather have a small amount of cash than all the bank's securities locked up in the Metropolitan Bank.

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RECEIVER SMITH CONTINUED

Judge Pratt, in the Supreme Court in Brooklyn yesterday, continued as permanent receiver of the Atlantic State Bank Freling H. Smith, whom he appointed temporary receiver last week. The directors of the bank found that they could not put their assets in such shape as to go into liquidation and pay the depositors in full; so they did not oppose the action. They united with some of the large stockholders and depositors, including the city officials, Bridge Trustees and City Railroad Company, and with the Attorney-General, in asking for the appointment of ex-United States District Attorney Stewart L. Woodford as permanent receiver. It was set forth that he would perform the duties for $5,000 and guarantee that all the expenses of winding up the bank should not exceed $10,000, which would be less than the legal tees and expenses. Judge Pratt said that it was an unheard of proceeding to remove the receiver and appoint another unless there were charges against the first one. Mr. Smith had the ability economically and speedily to wind up the affairs of the bank, and the Court alone was responsible for the appointment. He would, therefore, continue Mr. Smith. The charter of the bank was surrendered to the Attorney-General its insolvency formally admitted.

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THE authorities of Dublin have been warned of attempts to destroy the Nelson column, and a laborer with a bag of gunpowder and a long fuse was arrested on the 13th inside of Dublin Castle. A TREATY regulating the liquor traffic with Siam, similar to the ones in force with England, France and other nations, has been signed at the State Department. ON the 14th the Odd-Fellows of San Francisco laid the corner-stone of their new hall. Nearly all business was suspended, Governor Stoneman having proclaimed the day a legal holiday. The hall will cost $200,000. IN the Falls Creek, St. Marys and Hardscrabble mines, Dubois County, Pa., the miners have struck against the introduction of the screen system, and 1,500 miners at Canton, o., are threatening to strike. FINANCIAL circles in New York were badly excited on the 14th by numerous failures. The following comprise the list: Donnell, Lawson & Simpson, the Metropolitan Bank, O. M. Bogart & Co., Nelson, Robinson & Co., Goffe & Randall, Hatch & Foote, J. C. Williams, stock broker, and the Atlantic State Bank of Brooklyn. There was a run on the Phoenix and the Second National Bank, but they were reported by the Bank Inspector to be sound. Throughout the country the reports were that no danger was feared of banks in other cities suffering in consequence of these failures. THE recent treaty between the United States and Mexico has been ratified by the Mexican Senate. AT Louisville six hundred horses had arrived for the Spring meeting of the Louisville Jockey Club, which began on the 16th. THE Presbyterian General Assembly began its annual session at Saratoga, N. Y., on the 15th. Rev. Dr. Hays, of Denver, Col., was elected Moderator. ON the 15th at the National Jockey Club races at Washington, D. C., Gath, in taking a hurdle, caught his foot and, falling upon his head, broke his neck and died. THE Fort Worth (Tex.) Water Company has filed suit against Donnell, Lawson & Simpson for the recovery of $130,000, said to be due on the sale of bonds. ON the 15th the bill regulating the manufacture, sale and use of explosives was adopted by the German Reichstag, after which that body adjourned until June 10. WASHINGTON seems to be the headquarters for cranks. An old lady claiming to be "Queen Lucinda, from Louisville," wanted possession of the Executive Mansion on the 15th. AT the annual meeting of the Board of Fire Underwriters in New York President Hood stated that the loss by fire during the past year had aggregated over $100,000,000. ON the 15th the Metropolitan Bank of New York resumed business with a change of Presidents, Geo. I. Seney being succeeded by Henry L. Jacques. Fisk & Hatch and A. W. Dimock & Co., brokers, suspended. IN the case of E. B. Wheeler for the killing of Marshal J. P. Matthews, at Hazelhurt, Miss., a verdict of not guilty was returned. JOHN KETCHUM, known as one of the Breathitt (Ky.) gang, was killed by a man named Bowles in Rock Castle County, on the 15.h.

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BROOKLYN

There will be music in Prospect Parkto-day, from 4 p. m. to 6 p. m., by Conterno's band. The Atlantic State Bank, which recently suspended, was dissolved yesterday by order of Judge Pratt, of the Supreme Court. Freling H. Smith is continued as receiver. The annual classday exercises of Packer Institute were held yesterday in the chapel of the institute building in Joralemon-st. The class history was read by Miss May L. Willets. the poem by Miss Josephine Gottsberger, and the prophecy by Miss Mary M. Stevens. The City Hall Park has been improved by taking up a part of the flagging and replacing it with a broad plot of turf at a cost of $750. It is proposed to place a row of fine maple trees around the Park and the City Hall itself at intervals of twenty-five feet.

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BROOKLYN, Application was made yesterday by the New. York and New Jersey Telephone Company to Com. missioner Fleeman. to open certain strents to lay its wites underground as an experiment Frederick Willeta, age seventeen, who was the companion of young Hammond, non of the sharond the postmaster of Patchogue, In la Was arrested Fi day night and faken before United States Com missioner Alien yesterday, on a charge of robbing the mails, 110 was held In #500 bail, Justice Culten, granted an order yesterday, di reeting F. 11. Smith, receiver of the defanct Atlan tie State Bank, to sell the building and securities held by the bank, for the benefit of creditors. Mayor Low yesterday sent a circular to the heads of departments which practically forbids the aseas. ment of city employes for political purposes. All have the privilege of voting as they please.