, 1864-05-09
, MEETING OF CHICAGO BANKERS.
The Currency QCesuon-Greenbaek Adopted
As the Basis.

Pureraut to private call. meeting Of the bank
crs of this city was held at the Sherman House,
room No s, On Saturday evening last, which was
we'll represented By the banking interest. The
meeting WIS private, and reporters were excluded,
20 tha, the discussion in fn1I cannot be gwen the
rub!ic. HoL. J. T. Scammon, OF the Marine Bank,
was called to the chair, and L. J. Gage Esq., was
appointed Secretary. In the early part Of The
meeting there was much stormy discussion on the
question Of adopting Greenbacks as = basis,
Meee1e. seammon pool4ae, stuEes ard othefs
action OF the Board Of Trade, and 1t looked for
time as II they won4d break Up without doing
snhiD ost oGn r. e0, to adjourn sn, "s :io,d1 De
Subsequently, however, Nj. cooIbaqsh addressed
the meeting IN IN able manner, In which he showed
The folly OF the bankers attempting to stem the
Legal Tender Notes tie basis Of al transactions.
It was matter. be said, which the bankers con1d
not control, and If they stood in the way Of the
Northwest, they would speedily be swept ont OF
existence For his part: he {hr. Coolosnsh) was
ready 10 commence On Monday ne1t-the sooner
atioat ali over The Northweet had got to 70 home.
and there was no use in trying 70 prevent It; The
people demanded It md dhey hs 6sIker> i'ken, must
sc aen, aunTigc 1nsg ths posons Which hey as-
eumed - 10 bold. The eyes Of the whole country
i've action, and they must demonstrate to :. Ger
ta;ntv m whst eruond they stood-whetaer for OF
scaiIst the people. He then, In order TO test the
seuse oftte meeting offered the following 1esolu-
Rea3ezd. That on and after the - of;
1G1 W. fhe bankers Of Chicago. will receive and
INV ont a. pa1 funds, United States notes Nation
deemed in legal tender notes IN me CITY
only. Thereafter, for the present, eoivent se new
ENGLAND hank notes, and the notea ot e9co oIast
solvent banks as arc pas N neo I0d
sna snan Iowa and Nsw York State bank notes aud
such IIiuois banks as arc not redeemed In Chicago
ri lar. x Der cent discount Nothing but Uni,eo
states roter National o DanK mo'eS Eth ~ hs nsid or
c1ucka, OF In settlement Of balances between oan2s
After he abore resolution WAS put to vote. 1t
sns carried, and afterwards declared TO be me
unanimous sentiment OF the meeting: but thste
he resolution should lake effect. The National
ty The board Of Trade, the 18th Of May; but some
aosoeated the 18th Of June and 1t was subsequently
,S. ~; q, g. H. Compromise that it take effect on
ihs pl following resolution vas also passed:
8, Rffofed. That On and A1tcr Monday, May 9Th,
cr fs!,nS ; rates Of On New York shall be
7he meeting then adjourned.
INTENSIVE FME-A dre broke out between nine
Aao len otl"ek On Saturday night, in the frame
.AoAe noass attached to the packing. establish
| Int o. hcConkcy 4 Hail. on Canal s,.eet. be-
t~ftn AdnmE ,Gd jackson. Cxx1nn IN ,hs 1;eh,
| ,,n,r.uM otI ~ 81 the build nr, md the combostib!e
MA ~, ass ssntentA. tho names spread rapidly
'a1ned couple fhorses ~
Nefr sartt !71iln ut injury The aisrr o. s.,ae1
yrrns f., The ,h ana tSe Tas e deesq deps
Impossible 10 tell The exacs ioss IN nnSf;
building Contained large quantity Of bsssa M M m