, 1873-09-22
CHICAGO,

N'hNHNSe
TIE GENERAL FEELING AAoso THE BUSINESS MEN
OF ILLS city yesterday 40 far as tho 1ano could be
eene'eu III coASes1atlona a. t4lo AeadlhB hoteh, WIS
one o1 compaslt1se security nut confidence. Thero
were few ngators underwriting to circulate bnsclcn
reporsa oi he contemplated suspension today Of 6c'
cru oanRs OUT "ne1 caed upon lot reason for their
oeoi OF psoVocAoh tor their utterances OF
sa1' ,nes were utterly Ut losa 70 give either and
1e pack upon Inc most extreme ~hiinsicalittea mid
theories to oxcuse prorhesca they would FUN rcal-
ized, Tho real business men candidy said they
could sec no OCCASION for panic, or, for that
seuaecss folly, run on tho banks, which
~oula inevitably result In loss to tho de-
positofs, nnd tho enforced suspension of tnsti!u-
dons Whose certificates wcre made in good col
literal OF twice tho vallo Of their obligations They
afeoed III thia wise: There has been no money lost.
I4e samo aino'uts Of gold and currency that iu
LUG country fortnight ago aro hold here today Tho
only result has been ransior Of possession, and that
transfer, no panic disturbing al business relations
10 eseatea' auecss only those tnmedtaely interested
III tae fortunes OF oho hr1n. but ihere was
GENERAL ArrnEnEss1os
tna'' ""'pR ~ tae e1catencnt WHICH hone we're Gu
"eaSoflns 10 increaeo anu extend ald inensy there
"on1a 10 run on Tue savings banks OF the city to-
aAy an' o"'se ot LUG oncefs anu managers Of theso
ns'ltooon't 9Aela "as mucn anxiety and interest
o1ptesSeo AS ~ tne feaui1 o1 such mosemont. Tho
n'aaasela " tne saV1hRa banks, appreciaung
eue Poes'onues aha oosefnhhg to provide for their
o"n 'eIs aaa Tue OF tnelf doposeofB, held
Soa'e1aay' anu tcsolsoa upon the adol-
uoh o. sueh course ~ was both within the law AMI
.ne ueet ~ TRUSTEES Oh tho treasures
,1 He'9 AAo4A Ae''oH 40 e'oo""ese tepoftea'
While 1t may not be denied that thero waa ex-
prcssed yesorsy feeling Of doubt in view Of poss,c
con.ingrnctea It cannot ho ,,,rmo1 tho. 49,. 49,. :.
a.,,' ""'..ra,. ~ os ~ "a'. neo 'nAt 'nete was
anstnns approaching excitement or alarm. Men dis
THE FINANCIAL SITUATION
quietly aud deliberately, but not with the perfect con-
@enss tast mark PREDICTIONS Of ord! ary business
oonfolaauons ou LUG aup]ect we're neither botscroua
nor In whispers, but conducted In moderate
% by eouues Or IN "vns ,na,, u tno,a ane usaA' times
~ -'Ap's. W " 'taa.. Hnots. appear
anceS DO any Indication OF results to-day,
tnefe WILL ne no panic, and no rush the ba1kH,
unless 1lppp tho savings inBt,tuttona All nro,,hv
Of such IN s.tomnaS rnn ~ forrsaoH M hsUonos "a, .,
A"A :" to1ee1anco Ill tae
acton OF hese institutions.
Tribune reporter conYeVHed with number Of tho
managers of tho savings banks Yesterday. and thcv
thra n,th1,y mt +he caps. - 1ro ,s,o;,. ,t. ~ ~
4 ,t.N p.1., r"s 'no t"Ao; "o seeel'o oepoaaa' VIC
pay la1esest 4ha ~o pas hcaVy expenses for tho nn
agcmcnt Of our institutions. 10 do ths. Of course,
e m ha ea, an ao9 no
b. ON ua e 5 bs e
IN {rr,npatote,v m ao,nra ~ 1.s,I"H w S'.sa
~ 'u''neuas'S Oh ooh1sna. of depostore must un-
uesstand thss Our security ia good, but wc cannot
pay at once all dopostors out Of our reserve funds"
ACTION or THE a.v,noa ,.xv.
rha ,o,,o,.,,,t. ~ tsa .'..,. =" ., AASae
ccra -, tha savines h,nks v.s,arda, S - 'Ao ol'-
s,.5vo nvuoeI,. ~ s,.,, -, ;,.-,,-
mcnt, mud In tho ntorest Of tho pubo amt oIr Is~
postors, and to prevent the possibility Of any PARTY
n@nah!n9 @ ~ aa'nnsage oyor another, aud to protect
c"po ssneescass Nv tn nco1a nso ~ 'ne nj
acribed hereto, viii, from and ntcr tis ate ins!s.