Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-10-12
NEW YORK,


New Receiver fer the Geld Exchange
ank-stOck and Monetary Affairs
Butler Defending Grant and Bout
we'll.
NEW YORK, Oct. 11.-Judge Cord, 2,
TINS morning appointed N Jordan, CASH
Ter oil the Third National Bank, receiver
Tor the Gold Exchange Bank, 10 place of
Augustus Il Brown, Power was given 10
the new receiver TO adjust all claims upon
or 10 favor of the bank, including. Of
course, the settlement of the gold business
OF Friday, September "a.
1t 10 believed the sffAirs of the bank will
be adjusted during the present week. The
mon tary affairs Of Wall street were
slightly relieved this afternoon by the
rumor on Stock Exchange that there
was panic in Chicago, with a fall of
wheat to 80 cents, and a subsequent re-
coYery to IS cents.
The public and private kilograms did
not mention anything about the panic and
1t wss discredited. The Stock Exchange
Is being unfavorably affected by the de-
preston in the grain trade in the West
and the decreased earnings of Western
roads was responded to to day by marked
Decline in leading shsres, At the one
o'clock board the suspension of the stock
hrm of Fitz, Hugh & Jenkins was an
noubcfd.
The house was not large one, but had
high reputation. Money easy and plenty
at 497 per cent for call loans; mostly 56
q per cent. Discount dull at 7Ml2 per
cent. The banks are discounting only TO
a moderate extent at the former rate. and
there is very little confidence ia the
maintenance Of the present ease in money
Tor any length Of time. Sterling Exchange
dull at 9@9B. Gold opened at 1909.
touched 1903, fell to 1901 and closed at
1904. Carrying rates 395 per cent.
Governments dull but steady.
Gen. Butler while in this city Saturday
warmly defended both President Grant
and Secretary Boutwell, from all charges
OF completely with the late gold panic He
thinks Congress cannot pass any direct |
law that would prevent gambling in gold |
only.
TIE effect this would be TO make green
backs the standard of value, and gold an |
article Of merchandise, which could be |
d0Re if the government would accept its |
own paper in pah payment of custom
house revenues.
In the court Of O5er and Terminer o-day,
Judge Ingraham in his charge to the |
grand jury alluded to the law making it a
criminal ofiense for two or more persons
conspiring together TO commit any acts in
furious to the trade of commerce, and
calling their attention TO the recent gold
combinations.
1t may well be the duty of the Gran d
ILquest, as il is undoubtedly within their
province, to inquire whether such occur
rences have been brought about by any
unlawful combination, and If so, 10 pre-
sent the guilty parties for trial.
The courts were generally adjourned to-
day, cut Of respect TO the memory Of ex-
President Pierce.
The Erie and Suequehanns fight hiss
come TO en- amiesble end, the former road
leasing the latteI's property, for period of
ninety-nine years, on terms acceptable to
the stockholders.
1t is said that Marshal Barlow has sent
two of his deputies to Wilmington to ex-
anime the Hornet, and ascertain from
personal observation her true character
and demand her further retention.
VIM. L. Mitchell, well known liquor
merchant, hung himself Saturday night,
in his bsr room.
1t is reported that another expedition
of Cubans slipped quietly away, Saturday
night.
Cooper Institute was crowded fortnight
by The friends Of Cuba, TO celebrate the
first anniversary Of Cuban independence.
Senior Lemus, Cuban Minister to Wash
ington, presided. CoDgratulatory tele-
grams were read from prominent persons
in various parts Of the country. Speeches
we're made by members of ia e Junts and
others The utmost enthusiasm prevailed.