The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-09-28

The purchases OF October 7Lh and 2lst are
for the Sinking Fund. The Treasury sales
OF gold for the same time will be as fol-

Total M Nf0
The Gold Room held an executive ses-
/ sion AZ 10 O'Clock this morning. 70 consider
what means should be adopted TO hasten
the settlement of last Thursday aud FRI
! days business. After some discussion n
| committee OF nine was appointed TO agree
| upon and report some method for eXpe-
/ dittng bus ness, and a recess was taken.
/ The members re- assembled az J. o'clock.
/ The Committee OF Nine stated that they
i had got the Gold Exchange Bank % post.
| pOne the declaration OF any more default
! ers until Psi, Hnd also suggested that a
committee OF four be appointed TO walt on
! the Bank of New YORK, and Eee n that In
/ stitution would assist IN clearing the gold
I operations OF Friday, owing TO the fact
/ that the Gold Exchange Bank has not got
/ through with Thursdays operations. A
| resolution was offered that the non. com
I pl1nuco with the resolutions Of the Gold
exchange Bank 70 take up the gold OF
/ Belden & Co, snail not work suspension
! OF any member of this body. This was
4 lost by very decided vote.
A letter was received from VIM. w. Liv-
| erfnore Il Co, giving notice that their OUT
| standing transactions were all TO the nc.
| count OF VIM. Heath q Co., with Gould.
Martin & Co, and James Fisk, Jr. This
letter was ordered TO be put on nls. A res
OlutiOn was adopted instrueting COM
mltte9 OF nine 70 return TO the Gold
TO receive the assis,ance OF the bank ON.
GERS, they were to ascertain for themse yes
what they could OF Belden'a affairs, and
report as early as possible. During the
discu ssiOn 81. MelibhBk, who acted as Bel
den's clerk on Thursday, said he distinctly
IN. Belden's account was on the debit
SIDE, t377O,OO0, and on tue credit side, E3,755,-
COO. From this IL would seem his indeDt-
edness to the bank was Sl55 600 in gold.
This must have been the Wednesdays
After another recess the Board assembled
al O'Clock. The committee appointed 10
ascertain the condition Of Belden Il Co..
with the Gold Exchange Bank, said they
were unable 10 make any report, and an
adjournment took ace until TO morrow
forenoon.
AS 20 the final Issue OF the present dead
lock, II may be concluded that everything
dep nds on the clearings Of Smith, Gould,
Martin & Co, and from what f. generally
understood, As 20 the extent Of their settle
ments at $50, there appears 20 be little doubt
that their clearings Will turn out all right.
on SATURDAY 2 large number Of inJunc-
lions were sued out before the Supreme
Court, restraining the banks from paying
over deposits which IL IS supposed, have
been served. Charles Couender, tho Ma
tiOnal Bank Examiner, states freely that
every National Bank In this city ia IA a
sound condition ana oonservatiyeiy man-
aged, and that the Tenth National Bank IS
to-day creditor at the Clearing House for
over halt q million Of dollars. The fol-
lowing formal announcement Of failure
was received atthe st ok Exchange this
morning:
Presfdentof The Netg York Stock Exchange:
DEAR sIR-In consequence OF W. p. Bel
Gen q Co. IS not meeting their engagements
we are unable to liquidate claims, conse-
quently, We are obliged TO suspend for tho
present.
lDiSuGQsl ". EhANGa
September q, 1859.
The money market during the forenoon
was Ia a state OF utter confusion. The
enormous balances locked up at the Gold
Exchange Bank opened at from eight TO /
fourteen millions rendered 10 almost /
impossible 10 get money, and street /
lenders were exactlng rates for carrying /
securities ranging from "a per cent. on 1
Governments 10 - per cent. on New orH /
Central. In the afternoon the Market sud- i
denly let up, and the rates fell 20 per /
cent, on stocks and per cent. on Govern
ments This unexpected refer checked
The panic in the STOCK exchange, ana
caused a sharp rebound In prices generally
FOREIGN ExcHAH GE-Quiet and nrfns
but entirely nominal az iv59l0J Tot hrst-
class bills.
GOLD-Has been quoted all theWay from
1871 70 l35 among dealers, closing homln-
ally at l3f8l35. 40,
GoYERNsf ENTs Strong. Coupons Of 81
ll9I9l20; DO 90. I221z; do '6f, lIg54glzV; 90
'65. I2i9l2I1I do new, u8Hall5155 DO ,Oil
Es5zgllS5s; do t08, llS149llsz; l04Os, 1857
9lu9.