Second National Bank (New York, NY)

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ALL AROUND THE GLOBE

The New York produce and cotton exchange, clearing house, and all banks will be closed to-day. The mayors of New York and Brooklyn have issued proclamations calling on all to close their places of business, and trade will be suspended in both cities. Robert Steep, of Manville, Kan., nine miles west of there, while crossing the railroad track in a wagon, was killed by railroad train No. 3. Alex. Grey, of Allegheny City, one of the wardens of the western penitentiary, received serious injuries on the Pennsylvania railroad, at Seaman Place, yesterday, dying several hours afterwards.

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Another Bank Failure Rumored

NEW YORK, May 13. The World of today says that the principal rumor in the street yesterday was one affecting the credit of the Second National Bank of which John C. Eno is president. Eno is a son of Amos R. Eno, the principal owner of the Fifth Avenue hotel, who is estimated to be several times a millionoire. The rumors came from the lips of careful and conserva. tive men. They were to the effect that John C. Eno had been speculating heavily on long side of the market, and had met with severe losses in the heavy decline of the past few days. It is stated that he has involved the Second National Bank to the amount of 2,000,000, and the bank would have been obliged to suspend had not Amos Eno come to the reseue, and made up the amount of his son's losses.

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WARD'S VILLANY

Col. Fred. Grant Classes His Family as Fools and Denounces Ward. NEW YORK, May 13.-Col. Frederick Grant said to-day, in an interview with a reporter: "When I first came to this city from Chicago I had about $57,000. I was introduced to Mr. Ward, and after a short acquaintance he asked me to join him in a speculative venture which turned out to be successful. Atter that he proposed a partnership, and eventually my brother and myself entered into a partnership agreement. It was represented that Ward & Fish were worth $250,000 each. Ward had charge of the books and safe of the firm, and in fact everything was intrusted to him by the other members of the firm." Col. Grant closed with this remark: "I admit that I have been a fool; so has my father, the General, and my brother, and there is nothing too strong to say against Ward at this moment." NEW YORK, May 13.-The Tribune of Wednesday will say: "The Directors of the Marine Bank held an informal meeting Tuesday morning, but did not remain in the bank afterward as on previous days since the failure. President Fish was at the bank for a short time only and was accompanied by Col. Fellows. A rumor that he was in custody was circulated but was contradicted positively by his son. ALMOST ANOTHER CRASH. The World of Wednesday will say: 'The stock commission house of A. Dycett & Co., at No. 80 Broadway, drew checks on the Continental National Bank, Tuesday, to the amount of about $700,000. During the day the bank refused to certify some of these checks, to the amount of about $200,000. and this fact, in connection with circumstances which led to it, involving the names of John C. Eno, and the Second National Bank, caused some excitement in banking and Stock Exchange circles. The recent disclosures about over certification of checks have made banks cautious. Thus yesterday the Continental declined to assume any risks for Dyett & Co., who have been old and heavy depositors. It has been stated that Mr. Eno had involved the Second National to the amount of $2,000,000, and that the bank would have been obliged to suspend had not Amos R. Eno come to the rescue and made up to the bank the amount of his son's losses. Dyett and Morton, of the firm of Dyett & Co., said that they would be all right to-day. They said they had deposited $960,000 worth of securities with the bank. To-day they will deposit the necessary cash and checks will be paid. They declined to make any statement in regard to Mr. Eno whatever. Mr. Eno made a sweeping denial of all reports." Late to-night it was made known that President Eno, of the Second National Bank, has resigned. The directors announce that all losses have been made good, that the capital is intact, and that the bank is prepared to meet its obligations on demand.

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ALMOST ANOTHER SMASH

Close Call fora Bank President and the Stockbroking Firm of A. Dyett & Co. NEW York, May 13.-The World to-morrow will publish the following: "The stock commission house of A. Dyett & Co., No. 80 Broadway, yesterday drew checks on the Continental National Bank to amount of $700,000. During the day the bank refused to certify some of these checks to the amount of about $200,000, and this fact, in connection with circumstances which led to it, involving the names of John C. Eno and the Second National Bank, caused some excitement in banking and Stock Exchange circles. Recent disclosures about overcertification of checks have made banks cautious, thus yesterday the Continental Bank declined to assume any risk for A. Dyett & Co., who have been old and heavy depositors. "The principal rumor on the street yesterday was one which affected the credit of the Second National Bank, No. 190, Fifth avenue, and of which John C. Eno is president. Mr. Eno is a son of Amos R. Eno. the principal owner of the Fifth Avenue Hotel, who is estimated to be several times a millionaire, his money being chiefly invested in real estate up town. It has been stated that Eno had involved the Second National to the amount of $2,000,000, and that the bank would have been obliged to suspend had not Amos R. Eno come to the rescue and made up to the bank the amount of his son's losses. The report that the bank was in trouble was denied early in the afternoon, but when it became known that the firm of A. Dyett & Co. was in trouble it was remembered that Jno. C. Eno was one of the principal customers of the firm, and this gave rise to further speculation as to the extent Eno had become involved in the rapidly declining stock market. At the office of A. Dyett & Co., in the basement of No. 80 Broadway. there was an anxious throng of creditors all afternoon. Late in the day Dyett returned from the bank At first, members of the firm. Arthur Dyett and A. R. L. Norton, declined to make any statement, but finally they were pursuaded. They will be all right to-day. They said they had deposited $950,000 worth of securities with the bank. To-day they will deposite the necessary cash and the checks will be paid. They declined to make any statement in regard to Eno whatever. This gentleman was at the office of Dyett & Co. up to 6:30 last evening. He was also in the adjoining office of Goff & Randall, through whom he is believed to have carried on some of his operations. Mr. Eno made a sweeping denial of all reports." The board of directors of the Second National Bank held a meeting to-night at the bank. After several hours' session the following announce ment was made: The board of directors of the Second National Bank take pleasure in informing the public that whatever loss has been incurred has been made good, that the capital is intact. and the bank prepared to meet its obligations on demand. O. D. ROBERTS, Cashier. It is also learned that John C. Eno, the president, has resigned, and James A. Trowbridge appointed in his stead.

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FINANCIAL

More About the New York Failures. NEW YORK, May 13.-An attachment was granted yesterday by the Supreme Court against the property of Frederick D. Grant in a suit brought by Harry B. Hollins, Frank C. Hollins and Fernando A. Yznaga. The attachment was granted upon an affidavit made by Mr. Yznaga, in which he stated that on April 14th last, Mr. Grant made a promissory note wherein he promised to pay on demand to the United States National Bank or order $25,000 with interest at 4 per cent. The United States National Bank, by endorsement, transferred this note to plaintiff, who demanded payment of it from Mr. Grant, but he had neglected to do this. The plaintiffs seek to recover the amount of the note with interest, $29,069. The attachment was granted because Grant lived in New Jersey and was a non-resident. Gen. Grant was closeted for some time with Roscoe Conkling, in Mr. Conkling's office yesterday. Col. Fred Grant to-day narrated to a reporter the history of his connection with Fish & Ward. He closed with the remark, "I admit that I have been a fool; 80 has my father and my brother and others. There is nothing too strong to say against Ward at this moment." The directors of the National Bank had a meeting to-night after which the cashier announced that whatever loss had been incurred had been made good; that the capital is intact and the bank is prepared to meet its obligations on demand. It was also learned tnat John C. Eno, the president, had resigned and that James A. Trowbridge had been appointed in his place. Another New York Bank In Trouble. The World of to-day says the principal rumor in the street yesterday was one which effected the credit of the Second National Band of which John C. Eno is president. Eno is a son of Amos R. Eno, the principal owner of the Fifth Avenue Hotel, who is estimated to be several times a millionaire. Rumors on the street, and they came from the lips of careful and conservative men, were to the effect that John C. Eno had been speculating very heavily on the long side of the market and had therefore met with severe losses in the heavy decline of the past few days. It has been stated that he had involved the Second National to the amount of $2,000,000, and that the bank would have been obliged to suspend had not Amos Eno came to the rescue and made jup #the amount of his son's losses. The report that the bank was in trouble was started early in the afternoon. WASHINGTON, May 13.-Comptroller Connor has appointed Walte S. Johnson receiver of the Marine Bank of New York. Mr. Johnson has already acted as receiver of five national banks and is highly recommended'by ex-Comptroller Knox and others. A Receiver Appointed for the SeymourSabin Company. STILLWATER, Minn., May 13.-J. C. O'Gorman was appointed receiver of the Seymour-Sabin Company whose affairs are complicated with the Northwestern Car Company and gave bonds this morning in the sum of $15,000. The Shaw Bros. BOSTON, May 13. Ferdinand A. Wyman, assignee of the Shaw Bros., has received notice from the Maine creditors of the firm not to take away any more assets of the company from that State. Auother Boston Fish Firm Failed. Richard A. Howes, a wholesale fish dealer on Commercial Wharf, has failed. Liabilities estimated at $15,000; assets unknown.

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GATHERED FROM ALL DIRECTIONS A Pastsdelphie maiden Lady 'e Strange Pets An Eloping Family- items From Various sources unt which has been audited in As Philadelphia see orphans' court by Judge the Hanna showed an unusual devotion to ets by Rebecca F. Lockwood, au elderly maiden lady. who died about lived year ago leaving about $1,200. She secluded for years in a little frame house in West Philadelphia, and her only companious were seven dogs of various breeds, a big greyhound, Harry, being he favorite. The income of trust estate the woman support, and sometimes remittances were irregular and conse quently the larder suffered to some dogs extent but, come weal or wor, the ere always well taken care of -even at the sacrifice of comfort by their benefao tor The dog Harry had been twice his to Florida for the bene of taken health, but he finally died in the West Philadelphia house. ilis mistress was onsolable. She kept his body in the house tw weeks, and then the neighbore to began for to complain. They the eatened put the board of health on the place, which succeeded in causing the animal baried After this, fearing the inter. ference of the neighbors with the survivdogs, Miss Lockwood gar hered aboarding her ing pets about her and departed for the house on South street. In the estab animals had free lishment, the but ou South street they had be content with the freedom of the to on shelter taken the After the death of their they Lombard mistress The street. hpase boarding claimed from the estate 846 for of owner. their the board of the dogs, in addition to The 3 board for wed these ms and the remainder nurses, the fund was used in paying phy and funeral exp uses Mortally W bunded His Father Thomas Bradshaw, 56 years of age, shot and mortally outded by hisson Mass. Walter,at their home The son early Tuesday the that father said age lived time from for some he family and contributed nothing back to Recently support the Tuesday morning with them from father awakened his The money some mother and the by the man That Etopes of Pottsville, Schr George She daughter New of Castle, Mrs herself man, Westp that Russian had her been She them being with with absconded der that sent the The cation of of the W Mr. attracted had not learned by his runaway ife. A at Dr. the into directly with tube elastic through ment. She had been suffering tumor the throat, which had so choke up the cosophagus which of Her been give hopes, her be that may from the Erisf Items From all sources American fish culture associate The their thirteenth annual the Washington national museum buil Tuesday Mr. Wallace, the United States minister Turkey has left Constantinople on to months leave of absence in America The comptroller of the currency, at consultation with the president, appoint Walter S. Johnson to be the receiver the Marine bank of New York. 10 the House of Commons Tuesday night, Sir Michael Hicks Beach 8 motion rejected by a vote of 303 275. The Parnellites voted with the m nority. A small quantity of state fell from of the Junction railroad tunnel An Pittsburg, roof Tuesday morning, killing tonio Dobic and Seth Brown Joseph Knight a driver bose, was killed Tuesday by the fall of a hoisting carriage in the Nottinghain mine at Piymouth, Pennsylvania The twentieth anniversary of the boar church extension of the Methodist Tues of Episcopal church, was celebrated day evening in the Philadelphia Academy of music. About $51,000 wastcontributed Miller, during the evening Rev. J G. of Lincoln, Nebraska, subscribed $20,000 shot Tuesday afternoon Charles Sisco Robert Campbell twice through the breast being t in Baltimore. Sisco then fled, and, fired with his three revolvers the 8 pursued, the crowd, two shots taking effect in white, head and arm of Christian Kramer, two in the breast and abdomen and James Johnson, colored. It was not after Sisco had discharged all three The weapons that he was captured crowd then beat him in a horrible manner 11 fracturing his skull. The injuries II Campbell, Johnson, Kramer and Sisco are considered fatal. WALL STREET GREATLY EXCITED. many Rumors and stocks Heavy Decides There was great excitement in Wal street yesterday, especially in the stocks. closing and there was rush to sell Heavy hours, declines occurred in Western other Union Pacific, St. Paul and but stocks. Union, No failures were announced, the Continental bank refused to certify Many more checks for one firm. any reports were in circulation concerning al firms, railroads and banks, but nearly The of them were without foundation. held d directors of the Second National bank loss meeting and announced that any been which the bank had suffered had made good, and that the bank would go

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MORE TROUBLE IN WALL STREET

--Be fore the street has recovered from the effects of the recent collapse come the new disclosures concerning the misuse of bank funds by the president of the Second National Bank. The prompt action of the directors in making good the deficit will save the bank from the hands of a receiver; but, in spite of that, the discovery of the defalcation cannot but leave a bad impression.New York Herald.

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The Wall Street Excitement

There was great excitement in Wall street, New York, yesterday, (Tuesday) especially in the closing hours, and there was a rush to sell stocks. Heavy declines occurred in Western Union, Union Pacific, St. Paul and other stocks. No failures were announced, but the Continental Bank refused to certify any more checks for one firm.Many reports were in circulation concerning firms, railroads and banks, but all of them were without foundation. The directors of the Second National Bank held a meeting and announced that any loss which the bank had suffered had been made good, and that the bank would go OD. The President, John C. Eno, resigned, and James A. Trow birdge, of Vermilye & Co., was elected in his place. Walter S. Johnston was appointed receiver of the Marine Bank.

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Wall Street Literally Jammed by Many Thousands of Excited People. The Pressure Becomes So Great that the Doors of the Stock Exchange Are Guarded by a Squad of Policemen. The Second National Bank Successfully Meets a Very Heavy Run. Action of the Associated Banks for the Purpose of Restoring Confidence in Business and Financial Circles.

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THE OPENING SCENE Scene-During the Early Hours at the Exchange. Rumors of impending failures were thick and when the exchange opened there was a perfect rush for admittance. In a less time than takes to tell it the Board room was crowded, and immediately on the announcement of the chairman of his readiness to proceed to business the outpour of stock was such that prices at once began to decline and with such rapidity as to cause the most intense excitement. Brokers struggled, shouted and vied with each other in their attempts to market stocks, and all efforts to keep order were futile. The Roard room was turned into a veritable Bedlam. while messenger boys rushed to and from the Exchange with messages from brokers and partners and others not privileged to the floor of the Exchange. Business had hardly begun when the announcement was made that a long line of depositors had assembled in front of the Second National Bank, and that a heavy run on the institution was fairly under way. The excitement consequent upon this announcement had not got fairly under way when the suspension of Goff and Randall, stock brokers, was announced from the rostrum. Then followed in quick succession the announcement of the suspension of Nelson Robinson & Co., O. M. Bogart & Co., J. S. Williams and the old firm of Hatch & Foote. Then'came the news of the suspension of the Metropolitan National Bank. When the last of these startling announcements had been made the scene in the room was beyond all de-

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EFFECT OF THE NEWS

In Chicago. CHICAGO, May 14.-The effect of the New York panic is not proving as disastrous to Chicago values as many supposed it would. Early in the morning, then reports of trouble on Wall street first began to come in, there was a rush to sell both wheat and corn, but considerably more of the former, and offerings were so heavy as to break the market. It is believed, however, that the smaller longs were about the only ones who sold. It may safely be asserted that big holders doubled their deals. The upward course of the market when rumors were the thickest proves this. It was about the only thing they could do. William Young & Co., and Norman Ream were supporters of the market, the former buying largely through brokers, and the latter more openly. This did a great deal to restore confidence. Lindblom was a big better that the Metropolitan bank of New York had not failed but of the fact that it has gone under there seems no question. Private dispatches were received every few minutes by big houses. It was reported before noon that the Phoenix National, the Second National and the Manhattan National banks, in addition to the Metropolitan National, had failed. The Manhattan is a big Wall street bank. Among the private firms reported failing were J. C. Williams, Hatch & Foote, and Nelson, Robinson & Co. A number of prominent bankers were interviewed as to the effects of the Wall street trouble on financial affairs here, and nearly all expressed the opinion that there would be no failures in this city as a result of the 1 crash; neither did they think there would be any appreciable effect in this city and no failures consequent thereupon.

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DELAYED TELEGRAMS

DOMESTIC NEWS. THE SECOND NATIONAL BANK. NEW YORK, May 13.-The stock commissioner of the house of A. Dyett & Co., 80 Broadway, yesterday drew checks on the Continental National bank to the amount of $700,000. During the day, the bank refused to certify some of these checks to the amount of about $200,000, and this fact, in connection with the circumstances which led to it in volving the names of John C. Eno and the Second National bank, caused some excitement in banking and stock exchange circles. Recent disclosures about the overcertification of checks have made the banks cautious. The principal rumor on the street yesterday was one which affected the credit of the Second National bank, of which John C. Eno is president. Eno is a son of Amos R. Eno, principal owner of the Fifth Avenue hotel, who is estimated to be several times a millionaire. It has been stated that Eno had involved the Second National bank to the amount of $2,000,000, and that the bank would have been obliged to suspend had not Amos R. Eno come to its rescue, and madè up the amount of his son's losses. The report that the bank was in trouble was denied early in the afternoon, but when it became known that the firm of A. Dyett & Co. were in trouble. it was remembered that John C. Eno was one of the principal customers of the firm, and this gave rise to further speculation as to the extent Eno had become involved in the rapidly declining stock market. At the office of A. Dyett & Co. there was an anxious throng of creditors all the evening. Late in the day Dyett returned from the bank and declined to makes statement, but finally was persuaded to say they would be all right to-day. It is said they had deposited $950,000 worth of securities with the bank. To-day they will deposit the necessary cash and checks will be paid. They made a sweeping denial of all reports of defalcation or heavy losses. The board of directors of the Second 8 National bank helda meeting to night. After several hours session the followe ing announcement was made: "The di0 rectors of the Second National bank d take pleasure in informing the public that whatever loss has been incurred has

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SCRIBA'S ACCOUNT

WASHINGTON, May 14.-The comptroller of the currency early this morning telegraphed to Bank Examiner Scriba, in New York, to go to the Second National bank and investigate the rumors of trouble and received in reply the following telegram from Seriba: "A run on the Second National bank: have secured guarantees for all deficiencies and money will be supplied the bank until the run ceases. Capital is intact with small surplus. Particulars by mail.

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QUIET AT THE SECOND NATIONAL

MORE MONEY PUT IN THAN TAKEN OUT-JOHN C. ENO'S OPERATIONS. The Second National Bank opened its doors and began to pay checks yesterday morning, a short time before the usual hour. This was done by President Trowbridge's order, SO that all apprehension might be removed from the minds of the half dozen depositors who had come to draw out money. During the forenoon a rather larger number of persons than usual filed up to the paying-telier's desk. By 11 o'clock the number of those waiting their turn was twenty-one; shortly after noon it was reduced to five. The run was finally broken. The bank officers and clerks were in excellent spirits. President Trowbridge remained uptown until 1 o'clock, when he betook himself to the less restful region of Wall Street. During! the day there were many deposits, the total of these being larger than that of the amounts paid out. President Trowbridge said: The bank has now resumed its normal condition. I have been so busy with the work attendant on getting the bank into a secure position that I have had no time to think of anything else. Thus my information regarding John C. Eno's defalcation is derived entirely from what I was told by Amos R. Emo, his father. It is a thing to be deeply deplored, but in the present condition of business affairs I think It advisable to wait a few days before making any positive statements regarding it. Henry A. Hurlbut, one of the directors, said It is a mystery to me, and I imagine to all the directors, how the young man continued to appropriate the bank's funds. I first was introduced to him at the meeting at which he was elected president. I voted for him against my better judgment, not from any doubts as to his honor, for no family stand higher than his in the community, but on account of his youth. However, the Second National is not a bank requiring an expert financier at its head, for its business is simple and straightforward. When I saw how earnest and apparently devoted to the bank's interest young Eno was, [became satisfied. The news of Tuesday came to me like a thunder-clap, and I find that he has been carrying on his operations for years without arousing suspicion; I cannot say I am afraid there is no chance of his liabilities on the street being settled. When we had the bank examined, not long ago, the young man succeeded in deceiving the examiner (who is now dead) in some way, and we supposed everything was all right. He told us that a large amount of the securities was in the Safe Deposit vaults down town, and we believed him. How in the world he managed to get away with so much money I cannot imagine, but he did it. When the bank was formed I was the president; then Mr. Trowbridge, father of James A. Trowbridge, was president, and now James A. Trowbridge is our president. There is nothing whatever the matter with that bank. We have the finest class OI customers in the city, our stock is worth 250, and we paid 114 per cent dividend in one year. Young Eno had a nice position there. We paid him $10,000, and he could have been as well fixed as any man in the city, but he has thrown away everything by his own acts. I don't suppose he will suffer, for his father will take care of him, but he has a wife and three children and it will be a sad blow for them. Strange what some men will do-very strange. Our deposits amount to $4,500,000, and we are as prosperous a bank as any in New-York. Little information could be obtained regarding the extent or the direction of John C. Eno's operations. The names of half a dozen brokers were mentioned as having done business with him, but several denied this. H. L. Horton said: I have never done any business of any sort for Mr. Eno." Wickham & Halstead, by one of the firm, said D "Mr. Eno has done no business with us since May or June of last year, and that was unimportant.' Charles C. Goffe, of Goffe & Randle, said: We have had no word as yet from Mr. Eno, and do not know where he is. He has had dealings with us for the last three years, but of what nature and to what extent I prefer not to speak." A. Dyett, of Dyett & Co., said: Mr. Eno has dealt with us to a large extent, and though his account is closed we prefer not to break the confidence of an old customer." Mr. Decker, of Decker, Howell & Co., said: "The slight business Mr. Eno did through us was of

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on call here rendering such transactions highly profitable. Brown Brothers reduced the rates on sterling bills to 487 long 489 short sight, a decline of 1 cent.

In the first hour of business only one failure was announced, and this has not involved any other firms. Confidence is being gradually restored and among financiers few anxious faces are met. It seems to be generally accepted that the worst is over and many capitalists are beginning to discuss the question as to whether now is not the time to buy for a rise; some few are buying. This relieves the situation of one of its most dangerous elements, viz., withholding capital from the market.

A dispatch from Boston reports the suspension of F. A. Hawley & Co., a firm which, although not heavy dealers, was regarded as good.

Hotchkiss & Burnham are balancing their accounts and expect to resume to-morrow.

11 45 a.m.—Comparative quiet reigns at the Stock Exchange. It is more apparent every moment that the crisis has passed.

The suspension of Hawley & Co., of Boston, was caused by a run on the banking department of the house. It is believed to be only temporary.

12.15 p.m.—The Metropolitan Bank is reported as paying all depositors presenting checks, even before the hour named for resumption. The paying teller opened the window and the first man in line received his money. At noon the number in line was not over 25, principally boys and clerks. Only one lady was among the last. She was attired in widow's weeds. Her gratification on receiving her money was plain. The small number drawing out funds is regarded as promising for the future of the bank.

The rush at the second national bank has about stopped. There were 148 depositors up to noon. The clearing house has arranged to pay all the second national debts.

Foreign purchases of stocks and bonds are heavy. Cyrus W. Field says, the worst is over and that it was a good thing this crash came just as it did.

The general manager of the Bankers and Merchants Telegraph Co. says the suspension of Dimick & Co. will not involve the company.

Fisk and Hatch have suspended. It was stated that the bank of Commerce this morning was a debtor at the clearing house for over one and a half million.

A representative of the Associated Press visited most of the leading commission houses on the street. They invariably said there are no dangerous elements in the financial situation. Many think the experience of the past few days will prove beneficial to the speculative community.

Fisk & Hatch were composed of A. S. Hatch, president of the Stock Exchange, and Harvey Fisk. The firm has been the heaviest dealers in government bonds on the street. It was considered staunch, conservative and reliable, and has been recognized as fiscal agents here of the Chesapeake & Ohio Railroad system, and carried heavy amounts of their stocks. The announcement of the suspension came like a thunderbolt on the Exchange. William Lummis is now acting as president of the Exchange, owing to Hatch's disability resulting from his failure. There was a decline of 1 to 5 points. The weakness of government bonds is explained by the suspension of this firm.

The Supreme Court granted an order giving the Chicago & Atlantic Railway Company leave to prosecute an action against Receiver Julien T. Davis, jointly with other parties, as the company may be advised, for the purpose of obtaining relief to which it was entitled relating to notes or other securities heretofore belonging to the railway company, and held, negotiated, or otherwise disposed of, by the firm of Grant & Ward. The complaint makes Grant & Ward, John Hay & Co., J. W. Seligman & Co., Drexel, Morgan & Co., P. W. Faullandet & Co., Reed & Smith, Equitable Life Assurance Society of the United States, Orient Bank, Columbia Bank, New York, Lake Erie & Western Railway Company, and other corporations and banks defendants. The company alleges that in September, 1883, it delivered to the Farmer's Loan & Trust Company of this city and George J. Bippus, Huntington, Ind., as trustees, a mortgage on its road to secure issue of coupon bonds of the corporation to the amount of $5,000,000 known as secured mortgage bonds. In the autumn of last year negotiations took place between the company and Grant & Ward for negotiation for these bonds, and it is charged upon information and belief, that Grant & Ward in violation of their agreement have separated and divided the notes into parcels, mixing them with other securities and used miscellaneous lots in raising

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The Run Abated

NEW YORK, May 16.-The run on the Emigrant Industrial Savings bank abated to-day after $160,000 being paid out yesterday. The Greenwich Savings bank run is also ended. There was a steady run on the German Savings bank to-day, mostly women. There were many deposits and but few drawing out. At the Second National bank at Bleeker street the bank run was confined to the Italians. There was also a run on the Seamen's Savings bank, but all deposits were paid.

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New York Banks

NEW YORK, May 16. - The run on the Emigrant Industrial Savings Bank abated to-day. About $160,000 were paid out yesterday. The run on the Greenwich Savings Bank ended. There was a steady run on the German Savings Bank to-day, mostly women. There were many deposits but few drawing out at the Second National. At the Bleeker street bank the run was confined to Italians. There was a run on the Seaman's Saving Bank, but depositors were paid.

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upon?" No

sir, nothing of that kind has been or will be done now. We shall not make an assignment unless satisfied we cannot go on or settle our business satisfactorily without it." "What are your liabilities?" "We cannot tell exactly, in the neighborhood of $3,000,000." How much are your assets worth?" "They will be more than that. We shall pav every dollar, I now think." "Is there any truth in the rumor that Sen y unloaded Cleveland, Youngstown and Pittsburg bonds on you?" "Not a word of truth. President Seney has unloaded nothing on us at any time." "What has been the character of your securities? "They have been such as would commend themselves to the conservative judgment. The greatest shrinkage in their value has been in some railroad bonds upon which we made advances." "Cleveland, Youngstown & Pittsburg?" "These and some others." "How much was your deposit in the Metropolitan?" "It was a good deal larger than we could have wished Can you not resume now that the Metropolitan has done so? That is what we are trying to find out ; we shall know to-morrow. It is understood that you have been offered $200,000 to help you out Yes, S. B. Elkins offered that but that would have been a drop in the bucket; we were offered several hundred thousand dollars by cable, but We must see where we stand first. An attache of the firm told the reporter that matters had gone SO far that resumption would be impossible; the $200,000 offered by S. B. Elkins was made in good faith, and may lead to the re-establishment of the concern under a new name. The members of the firm are MISSOURIANS. Robert W. Donnell, the head of the concern, was formerly a merchant of St. Joseph, where he is a large stockholder in in the Savings' bank. He is also a partner in the banking firm of Donnell, Clark & Larabie, of Deer Lodge, Montana, the second member of which is a millionaire. Lawson and Donnell married sisters. The former was a lawyer at Boonville, Mo. He is a member of the Union League and Manhattan Club Simpson lives in Orange, N. J. He formerly resided in Kansas City. THE LOANS OF THE HOUSE were all passed upon by him. The banking house was besieged all day with messengers and clerks copying notices and persons calling to have signatures identitied. Hotehkiss, of the firm of HOTCHKISS, BURNAM & COMPANY say that they would resume. It was only a question of time. They were hard at work straightening out their affairs and had get sufficiently far to prove they could pay overy dollar they owed the office of O. M. Bogart & company remained cleared. Yesterday the assignee began to his examination into the condition of affairs. but late in the afternoon he was not able to give any information settlements of balances at the clearing house between associated banks were accomplished without trouble. The Metropolitan bank received an issue of about $2,000,000 on loan certificates. The Second National bank applied for $6,000,000, the total amount issued to five banks is $5,000,000. Wm. A. Camp, MANVGER OF THE CLEARING HOUSE spoke encouragingly of the situation. With regard to particulars of the failure of Fisk & Hatch he said "I am certain it can in no way affect the banks." The Second National bank opened its doors and began to pay checks yesterday morning. During the day there were many deposits, the total of these being larger than that paid out. The assignee of A. W. Dimmick & C., says their liabilities are large but he expected the firm to resume. Soon after 2 o'clock the feeling was general that the day would pass WITHOUT ANY FURTHER DISASTERS, and when at 2:40 it was announced that Fisk & Aateh were unable to meet their obligations. there was great surprise and much sorrow. No explanation of the failure was given. "The firm bas suspended payment," was the answer given to the avalanche of questions. For more than an hour Nassau street in front of the banking house was almost impassible. Fisk & Hatch handed th following notice to an Associated Press representatives. TO OUR DEPOSITORS. and other creditors. It is with great sorrow we are obliged to announce to you our suspension, which has been brought about by a combination of circumstances, the long continued decline in the market price of securities, even the very best, accompanied by a general weakening of confidence in financial matters, together with a heavy drainage of deposits, are the principal causes of our unfortunate position. We can only request those having claims against us to extend to us such consideration and indulgence as we may need and it may be in their power to grant. FISK & HATCH. [Signed.] WM. LUMMIS, who has become acting president of the Stock Exchange through "the failure of Fisk & Hatch, said the failure will have much less effect in the street than is gen.

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ednesday last

The N.Y. of the Baltimore American ves a graphic review of wha 00 follows He at last. The panic so many times averted took Wall, street this morning, hat have seemed days confu Idest excitement and dreadfu saster reigned supreme. The hange was pandemonium e banks were besieged all depositors, and the streetsT. New, Exchange Place ith wild thousands until ame impossible. Among the Wall street were to be ladies, some of whom n other motives than curiosity of the disasters spread rapidity. Private carriages d servants, from the up-town ent flying through the streets stood outside the doors of arious banking houses. The E, nearly all the banks sion or present in their buildfor any emergency. The doors * Exchange were guarded and the visitors' galeries were No one was admitted to cept members, clerks and This was done because the iv.ored to gain admittance r the capacity of the building de really began before the Stock pened. The rumors of yester d to the defalcation of John lent of the Second National confirmed last night, and were it this morning. Last night the directors of the Second ink took place at the house of 1. Phelps, a stockholder. The e Amos R. Eno, Henry Isaac N. Phelps, Wm. Walter : Darling, of the Fifth Avenue ison Phelps Stokes, and Mr. W To cover the deficit no, father of John C. Eno, and rs each contributed a certain what proportion is not certainIt is thought though, and not denied by the directors, that R. Eno furnished the greater son was president. Mr. Trowelected president, and the bank virtually settled. This ni order to accommodate the as expected, the bank opened ck. mmediately a stream of dred people began to pour in. n being ladies. vere greatly complicated in this y the fact that A. Dyett & Co., of the speculating president of National, had last evening 1 to suspend, the Continental ng to certify their checks. se things became known there rush to the Stock Exchange e outlying offices and before rmal opening, in spite of the anic stricken crowd began is overboard. It was but a few fore the failure was announced Robinson & Co., and but a few ore when Goffe & Randall 1. Almost immédiately they "°00 a Bosert W O sq pape he old and highly respected atch & Foote. The condition as fearful. Upon the top of ea thunderclap the announcehe Metropolitan National Bank ts doors. At one time it seemed the Exchange would have to business suspended, but very dois 01 you St alarm would have been intenhis been done. Black Friday the panie of 1873 were already prominent in the memories of ket opened 1 to 6 per cent it closed yesterday, and : prices there was a continuous al decline until 11 o'clock. minutes after H call there reaction of 1 to 2 per cent., eclined again, and on the t of the failure of the Metro ional Bank ran into a panicky or three-quarters of an hour at which time the lowest prices nade, showing a decline of from cent., as compared with 08:21 07 du pur cold & tell recovery of 1/2 to 34 per cent. n with Northwestern, Missou Union Pacific, St. Paul, Lacka e Shore, and Northern Pacific ENES AT THE BANKS. le there were as exciting scene

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The PANIC

-The panic of Wed. nesday last, which was itinued with little abatement yesterday, is beyond doubt a result of the large depreciation of securities that has taken place in the last few years, the downward movement being accelerated by recent events, among which may be mentioned the failure of Henry Villard last full, that of James R. Keene two weeks ago, and, lastly, the frightful state of affairs disclosed Ly the collapse of the firm of Grant & Ward & of the Marine National Bank. The general demoralization was increased by the losses, estimated at from $2,000,000 to $4,000,000, inflicted on the Second National Bank by the alleged defalcation of President Eno, and brought to a climax on Wednesday by the suspension of the Metropolitan Bank. The panic was added to by the suspension of the Atlantic Stat Bank, of Brooklyn, and of the private firms of Hotchkins & Bunham, Hatch and Foote. Nelson Robinson & Co., O. M. Bogart & Co., Donnell, Law. son & Simpson, Goffe & Randle and O. C. Williams. The suspension of C. M. Bayard, of Philadelphia; of T. L. Watson, of Bridgeport, Conn., and of Emile de Smet, of Moss Point, Ala., are perhaps rather casual than significant. There was much effort yes. terday to put a fair face upon the situation, but the announcement of the suspension of Fisk, Hatch & Co.and A. W. Dimock & Co., of New York,and T. A. Hawley & Co., of Boston, is not very reassuring. The demand for cash and the absence of credit were illustrated by the heavy decline in government bonds. The shrinkage of values in the last year or two is remarkable. The total capitalization of the railroads of this country is $7,220,409,461. The highest market value of their quotable stocks and bonds since July 1, 1881, was $5,664,471,755. The market value of these securities in March, 1884, was $4,478,951,574, showing a depreciation of $1,185,520,181.-Balt. Sun, May. 16.

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JOHN C

ENO'S NERVE. Drawing a Check for $95,000 on the Bank He had Gutted. [New York Times.] It has become known that John C. Eno. after he had confessed to his father that hehad lost in speculation $3,000,000 or $4,0000 of the funds of the Second National Bank, coolly drew a check on that bank for $95,000, and had it cashed down town. It is said that the venerable Amos R. Eno was so indignant that he at first refused to honor the check, and the bank for a second time bung on the verge of suspension. After awhile, however, the old gentleman was persuaded to pay half of the amount of the check, one of the directors agreeing to pay the other half. Anson Phelps Stokes said last night: have nothing to say with reference to the relations between father and son, but a check for $95,000 did come in on the day after the bank was declared solvent, and Mr. Amos Eno paid half of it. We are making a thorough investigation of others outside the bank, but we have no statement to make yet." A gentleman quite familiar with the facts said: "When John C. Eno drew that check for $95,000 and got it cashed down town, he knew very well that either his father or the directors of the bank would pay it rather than close the doors of the institution, as they would have had to do bad they allowed it to go to protest."

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In WALLSTREET

Advices from New York at noon Wednesday, were that Wall Street was then experiencing a panic about equal to that which convulsed that financial quart r on the memorable "Black Friday" some years ago. Consequent upon an apparent general desire to self, stocks broke fearfully all along the line, and soon the suspension of several heavy broker. age firms was announced Immediately upon the heels of those came news of the closing of sev ral Banks A dispatch says, the financial co implications of the past week are supplemented by revelations regarding the manage ment of the Second National Bank, which resulted in the resignation of the President. This brought about such a .feeling of uncertainly in the financial situation that at the o, pening of business at the Stock Exchange it was felt a disaster was imminent One failure after another was announced, until five stock firms had suspended and the Metropolitan Bank had closed its doors. Steretary Folger, who is in the city, has teigraphed to Washington to take the bonds of the 127th call on presentation. The bonds are not due until June 20th. The Secretary further promises such steps as will relieve the present situaLion. It is reported that the Secretary is invited to the meeting of the Clearing House and the result of their conference is awaited with much interest. Wall street and vicinity is filled with anxious and excited people, le . knowing what is to be their financial fate, but fearing the worst, and the general in pression is that the worst is not known.

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GENERAL NEWS

The billiard match in Chicago between Slosson and Senafer Saturday night, champions game, 800 points, was won by the former, who ran out on the 25th inning. Schaefer SCO ed 687. Depositors in the Union bank at Greensburg, Pa., will receive three cents on a dollar. Cashier Hoyt, of the Butter county, Pa., savings bank, is short $22,000 in his accounts. President Arthur left New York for Washington Laturday afternoon Samuel M Shoemaker, the pioneer in the express business of the country, and one of the organizers of Adams' Express Co., died in Baltimore Saturday night, aged 64. Doctor Strausberg, the well known financier of Berlin, is dead. The rolling mills in the vicinity of Cincinnati all shut down Saturday night, throwing 3000 men out of employment. Ricker's store, the Knights Templar Hall and three dwellings were burned at Paducah, Ky., Saturday night. Loss $50,000. Mr. Levi Lincoln Thaxter, husband of Mrs. Celia Thaxter, died in Boston Saturday, at the age of 60. He was a fine scholor and critic, and was devoted especially to Greek literature and the poetry of Robt. Browning. He had appeared as a reader of Browning upon the platform, as well as in private circies, and was an enthusiastic admirer and interpreter of that writer. His home was at Kittery, on the shore opposite the Isle of Shoals, but his winters were mainly spent in Boston. John C. Eno, the absconding president of the Second National Bank of New York, was arrested in Quebec, Saturday, on board the Vancouver, just as she was about to leave for England. Eno refuses to return to the United States voluntarily, and his extradition will be attempted. In a drunken row in Springfield, Mass, Saturday night, James O'Brien stabbed P. Murphy savagely in the head, face, 8 de and leg and then escaped. Five bodies have thus far been recovered from the ruins of the collapsed buildiug in Baltimore and three are yet under the wreck. The decay of a large girder caused the disaster. "Rufe" Minor, a noted bank robber has been arrested in New York. He is credited with having "cracked" banks in nearly every section of the country Three men were killed by the explosion of a boiler Saturday in a Detroit. Mich., mill. Four others were seriously injured, one of whom will die. Cashier Reiber and President Riddle of the Penn bank, Pittsburg, Pa., have been placed under arrest. The despatch sentfrom Hanover, N. H., Friday, announcing the suspension of two Dartmouth col lege editors was erroneous. 1 he trustees were recommended to withhold their diplomas but have taken no action.

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How She Saved the Interest.

[N. Y. Cor. Chicago Tribune.] Woman's vanity is at times her protector. I am told how one lady saved her interest on her deposit in the Second National Bank at the time of the brief run on it a month ago. She drew a check and went with her brother to the bank, he carrying the check. In the crowd they became separated, and when the brother reached the paying-teller the drawer of the check was some distance away. The paying-teller made some inquiries of the presenter of the check, probably to gain time, and among other things asked him to describe the lady whom he claimed had given him the check. He did so, and the teller doubtless to gain more time, turned to the clerk who keeps such records and asked for the booked description of Mrs. —. It happened that the lady at this moment was very near the clerk and heard him read the book's records of her gifts of person: "Fat brunette, about forty, with gray bangs and a wart on her nose." In a rage she rushed to her brother and indignantly drew him away, declaring she "would not deal with such nasty bank officers." The check was not paid, and her interest goes on uninterruptedly, as the run amounted to nothing. Eno's defalcation being made good, her vanity saved her considerable interest.