A REVIEW OF THE FINANCIAL The New York Times of Saturday in Et Itrigtby article reviewing the financial situation, which has now probably pass eLl, says "there has been no day in Wall street to be compared with Friday since the snspengion of the banks in 1857. The re)ebrated troubles of Black Friday arose t out of a gold-miler, and brought down many firms, but the disaster was not so great as that which we are called upon to record today. It is easy- enough to= be wise after the event, and.the houses which have failed doubtless appreciate more clearly than outsiders can do the mistakes which they have made. We have point ed out that the general business of the country was never in a sounder condi ti lo than it is to-day. There was nothing in that to lead to a panic. We have sal dr)to entered upon .a fall season under mere promising circumstances. Yet, at the very beginning of it, some of our hest known banking firms topple over like nnuses of cards. People who are not in the habit of watching commercial af l'ors may well wonder what it is all about. When the reason comes to be explained, it 1 , not calculated to reassure any of us w tti regard to the position of some enter ' prices in which a very large amount of CBpital has ben invested. The hanks have ken departing from :heir legitiniate line i business. There has been a railroad ii,,,hia, and the bawls have lent large sans of money on railroad bonds, to the 11(11S103 of the merchants. If these banks had confined themselves ; to the transactions which come properly with tti, it sc•lpe, we shoiild have seen no tronb • le in Wa!l street this week. They have pr , ic:ically goke into4he business of con *-h.c.t,ors, brokers, and speculators. The 1 ~r Sectors of all sorts of new roads have 1 auw.rbed the capital which rightfully be- I ir rs to the legitimate trade of tke coun t' Last year over six thousand miles of ti.W railroads were built, not five hun dred miles of which were really needed, or can be turned to any profitable use. The foreign markets have been glutted with these sohemes. Many gross swin ;dles of one kind or other have en foist ed upon these markets d tin the last twi , or thtee years. At last, o nfidence has been broken down. For some time to come nothing but a fi t mortgage have en will find ready accep ts , ce. Many of OUT brokers accumulated railroad bonds, with the expectation that they woull be taken in Europe. They supposed they wo4d'get a commission, and with it s thi they pr6posed to retire from the scene. But the foreign markets suddenly failed to take bonds offered to them. For the presenthey have hid enough. The investments lsubmitted to them of late years have not paid. A great deal of cap ital has been sent over here for which no return, whatever, has , been made. The put►`lhc would be surprised if they knew how many 'wild-cat' schemes have been placed upon Ibe markets in London or Frankfort with temporary success. Now, the reaction has come, and we are suffer ing the consequences of a loss of cons- deuce in one important branch of our na tivnbl enterprises." The financial editor of the Ph;ladelphia Le,dger of to-day, in referring to the three days of panic, says: There was inflama ble material all about ns which had been for months preparing, and which but awaited the application of a spark to set the whole fabric of credit in a blaze -That spark / was, applied on Thursday, when the failur i e / of Jay Cooke & Co. was announced. Consternation pervaded the three cities were the firm had establish ed nr , uses. Ai credit was in danger of gestruetion, but it, was manfu;ly defended fr• - •m the pe l ginniqg to the end, at three Viic>ck Slturday afterno In, when the sntie ot the disaster 'had sufficiently bbwn away to afford a view of the terri ble destruction. In our own city we re cord two or three severe failures, involv • -mg, ask feared,, heavy lose and suffering to a urge-class of creditors ill able to bear penury and privation. The number of depoEitors in the failing houses is large, and many of the depositors dependent on tbose ia:thiaray savings At the best there will be much delay in the settlement of the respective amrunts even though there should be no ultimate 13ss. lug the troab:e I:kely to be experienced by the depositors wiJ be on tne Ist of January, the next semi annual period for the payment of toe conpons on the bonje of the N3rth Pacific Railroad 03ompany. These bands are largely in the hands of eooaphmtively poor people, ani the 7 30 per cent. annual interest on them has been so p'sitively promised as to be by holders confidently relied on. It is earnestly hoped this reliance may not fail in the future. Bat it is ;veil known that Mr. Jay Cooke has been the life of this enterprise; his zeal, his eff , trts and his pledge of payment have kept it alive and given to its securities all the credit that they have- obtained. By the steady sale Of ponds he has been able to borrow most, it not all of the means necessary to meet the interest as it aft 3, periodically accrued. The incomplete road has not been in a c edition to earn mucb, f and the land E.les have not realized an' very dos:der- able sum above! expenses. All that the bonded creditors have received in interest has come from their own money, paid in on purchase of their bonis. In the ab• hence of earnings credit has been main tained and interest paid from further bar- rowings. In the failure of the 6rm having he h - nds and the debt arising from them in charge, further direct borrowing of SITUATION money and further sales ofboods'at farm. er prices, if at any price, is at an end. What means can be devised to meet the claims of hungry holders of coupons, aris ing from twenty-five pillions of the bonds in private hands maturing in January next, we are at present at a loss to con ceive. That something practical may be suggested and carried out for the many poor creditors is earnestly hoped. Just now these bonds are not marketable at any price, and it is greatly to be lamented that their great patron is without power or credit to give them the leastimitality. There is a fearful responibilitY l ' 2 resting upon him. These coupons, which it is feared will be discredited, are among the consequences of the failures most to be lamented. That the crisis is past is...sin cerely hoped. The run of the Fidelity Company is without serious results. The ofttoers have been put to some inconveni ence, but nobody has lost a duilar, and now that the flurry is over the creditors are further .assured by the evidence fur nished of the company's strength, and will be all the better satisfied for the fu ture. tttgs,drertiOnntag. T RUSTEES' SALE VALUABLE REAL ESTATE, By virtue of an order of the Orphans' Court of Beaver county, the undersigned Trustees, appoint• eel by said Court to make sale of the real estate of Jacob Bruce, late of said county, dec'cL, after pro• ceedings in partition will expose to sale at public vendee or outcry, on the premises, on THURSDAY, OCTOBER 3Orn, 1873, at 10 o'clock A. N. all the following des.cribled Real Estate of said deceased. situate partly in Moon, and partly in Hopewell townships, &aver county, Penna., bounded and described as folloWs. to-wit: Beginning at a stone, thence by lands of John McCormick. north MN, dege. east, 70 3&•103 per. to a stone; thence by other lands of said de ceased, being trom part "B" hereinafter described north 15% degs, west 148 50-100 perches to a post; thence north 40 dege., east 99 50.100 perches to a poet at grave yard; thence north 51 degs., west 9 80.100 perches to a post; thence north 30 dep. east EO-100 perches to at; thence by lands of Mi chael Baker north 5814 pos dere, west 'l4 50-100 perches to a poet between two fiickory trees; thence by lands of the heirs of Abram Bruce, deceased, south 40 deg*, west 11° perches to a post; thence by lands of same I lona) 48 deg.. west-1%3 50 100 perches to a stone on the bank of Raccoon creek; thence up said creek by lands of Jane Todd and John Shan non by various courses and distances to the place of beginning, containing jI ACRES AND 86 PERCHES, uhich are erected a two-story frame dwelling ho p us on e, w containing six rooms, with Cellar under neath, frame barn 40 by 60 feet, two frame corn cribs, frame wacon shed, with frame stable and log sheep pen adjoining; also two log dwelling houses one containing six rooms , the other three, and ntmerous outhnildings. Good fruit bearing trees on premises. 100 acres cleared and in good state of cultivation. balanCe well timbered 'and all under fence, partly underlaid with Coal, Convenient to schools. churches , mills, stc. i snd within 3 miles of Legionville Station, P. Pt. W. & C. K. W. ALSO—Another tract of land situate in said Moon and Hopewell townships in said county. (be ing part of the homestead of said decedent.) bounded by lands of Dr. John Cooper, Michael Baker, and other lands of said decedent above de (being marked ?Wit ''.l3" on the Ma rm; accompanying the inqu isition,) and contain .. 96 ACRES and 156 PERCHES. upon which is *rented a one-story frame dwelling house, containing four rooms and porch; frame stable 24 by 80 feet. log corn crib, and other out braidings. Orchard of good fruit on premises. Farm well watered. About 80 scree cleared and balance well timbered--411 fenced. Within three miles o f Legionville edition on P, Pt. W. , C. Railroad. Convenient to schools churches and mills. • AlSO—Purpart "C" situate in Hope Well town ship, in mad county. bounded as follows. viz: Be ginning at a post in the south-east corner, thence by lands of Dr. John F. Cooper north 21 degrees. west 8778.100 perches to a poet; thence south 6: , 4 degrees, west 22 perches; thence south 31 degrees. east 31 15.100 perches to a poet; thence south 64 degrees, tett 8 perches to a post; thence north 664 degrees, east 18 70-100 perches to the place of be ginning, containing 4 ACRES and 70 PERCHES, all covered with good timber. ON FRIDAY, OCTOBER _3IBT, 18:3, at 10 o'clock A. x., on the premises, aL that cer tain farm or tract of land situate in Crescent town ship. Allegheny county. Pa.. (Purport - A") bound ed and described as follows,to-wt: Beginning at stone in "Broadhead rciad," thenc.t by lands of John Bickerstaff north degrees, east 77 50.10 U inrches to a post at whit e oak; thence by Ptirpart ''D" south 70% degrees, east 24 40-100 perches to a post in road; thence down said road by Purport 'I)" to a hickory: thence by lands of Porter south 3344 degrees; east 48 perches to a black oal.; thence by lands of James McFadden south 61 de grees; west 15 50-100 perches to a post; thence by lands of Wm. Purdy month 55 degrees. west 73 perches to a post in Broadhead road; thence down said road by lands of John Harper north 39N, de grees. east 2790-100 perches to a white oak; thence north 67% degrees, west 21S 00-100 perches to a white oak; thence north 8814 degrees. west 10 perches to a' pin oak; thence north g 4 1,4 degrees, west 225 40- 100 perches to the place of beginning, containing 125 ACHES and 9q PERCHES. upon which is erected a good bank barn 4& by 60 feet. with stabling underneath, and other ou:b.jild ings. About 70 acres cleared and balance well timotred.,Parm well watered. Mills. churches and P - t - h•ls convenient About 1% miles from Leetsdale Statton, P. Ft. W. S, C. Railroad. TERMS—Une-third of purchase money in hand on confirmation of sales by the Conn, one-third at the expiration of one year from date of said confir mation. with legal interest thereon from same time, and the balance to remain charged on the premises during the natural life of said decedent's widow, the interest thereon to be paid to her annually from and after 'aid confirmation, and a: her death said deferred installment to be paid to the parties legal ly entitled thereto. Purchasers to pay expenses of preparing deeds, bonds and mortgages. For further "information call on Charles C. Bruce on premises in Bearer county, or Addreets the under signed at New Shelteld Postoface„ Bearer corm y, JOHN T. BRUCE. CHARLES C. BRUCE, or BICE, WILSON & MOORS Attorneys at Law, Beaver, 'Pa Eep24-4t TATI CHENER & GANGEWER, ATTORNEYS-AT-LAW. SOLICITORS OF CLAIMS AND PATENTS, Z:7C. Four-and a-half St. Washington, D. C We prosecute all kinds of claims against the government of the United States,'before the partments. Committee of Congress and Court of Claims. We procure patents and act as attorneys in patent cases. We make a specialty,of Internal Revenue matters and Land Claims. 04 terms on business sent us by attorneys will be ode half tue fee charged claimants. When a claim is sent us we will tend the necessary blanks and instructions for its preparation, and Ix ill a' EO keep our corres pondents advised of all new laws. ru ilings and de clalona in relation to claims. bent for (Arcola 31ITCHENER & GANGEWER, Attorneys at Law FOR SALE OR RENT The very comfortable and convenient dwelling on east corner of Second Street and Bank alley— contains 6 rooms. wide hall. &c., lame cistern of clear filtered water at the door. Will be sold at much lees than cost of improvements, or rented to a good tenant, with all or part of grounds. The location is exceedingly healthful. good r.elgtibor hood. Incitire ou the premise*, or J. M. 3IcCREERY. Beta‘er. Pa. se 4tl B ARK WANTED. j, will pay the highest market price in cash Cro all the white arid red oak bark. delivered at my tannery in Sharon. Beaver roant,y, Pa. betbre Felting to others gave me a call. se24-11 JAMES DARRAtiII. 032 ALSO, AND ',THE, ARGUS AND 4ADICAL: WEDNESDAY, OCTOBER 8, 1873. '-,.. -- ---.•.:-PistetibuttintL-:--,7,.-. ENOCH MORGAN'S SONS' SAP oLio SAPOLIO for Cleaning your honte will save the labor of one cleaner. Give it a trial. SAPOL,IO for windows Is better than whiting Jor water. No removing curtains and carpets. • S A P - 0 L 0;‘ cleans paints and wood, in fact the entire hones, better than soap. No slopping. SaVes Libor. Yon C. 1113% Arvid to do without SAPOLiO for ticonring . ktilies is . bitter and cleaner than bath brick. WILL not scratch. SAPOLIO ibotter than soap and sand for polishing Tinware. Brghtens without scratchng. 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