Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1873-10-08

MEETING OF 1HE BANKEgs on CIV.
fEAl fHassYlVASiA.--A meeting of The bankers
q the 'ovntiss q Blair iIuaiirgdon, Juniats,
Vleasaeld, cea,rc, Miraln and Cambria Vas held
at the Ward House, Tyrone, Tuesday no. ming.
September so,h, for the purpose Of taking action
relative to the present stringsney Of monetary af-
lairs, caused By The rceen, heavy failures in The
larger cities, nnd devisins naoAns to proven, the
currency from being carried on, of ,he country.
"a motion, William Russell, Esq, Of Lewis
town, was ebOssn Chairman Of tho meeting. and
Mr.. John NJ. Adams, Of the Cloarield County
bank, and Mr.. 0, Perry Jones, Of the Philipsbur,
banking Company werr ,iesieifecre,arss.
The following gentlemen were in Attendance a.
the meeting;
William Russell, banker, Lopistoun, also rop-
resenting the Miniin County National Bank and
branehe& Att
William NJ. Lloyd, Altoona, representing bis
banks In The above counties.
William I. orbison, President First National
Bank, Huntingdon. u
Jona. Boyn,on, President First National Rank.
clearheld, and Philipsburs Banking Company.
Jehn Patton, ircsidcLt First National Bank,
Curwenwiilc
+. b. Isett, President of Altoona Bank
:, William Jack, President firs. National Bank,
lioihihysburr. AkNN y NIO
George W. darre,tsoa, Cashier First National
Bank, Huntingdon.
e. Guyer, Cashier ryroae Bank.
John NJ. Adams, Cashier Clearfeld Co. Bank.
Company.
EEra D. Parker. Of D0ty. Parker { Co., Miaain.
]. Y. Irwin, Cashier Juniata Valley Rank
MiGin.
L. Perks, Of MeGirk a Perks, Phiiipsburg.
samuel MeWilliams, Of Moore, Mewiniams &
Co., McveytoWn. irf.k
d. NJ. Dali, Monnt Union Bank.
\. s. Doiy. JF., Cashier Mount Union Bank.
Thee. II. Wigton, Cashier Altoona Bank.
+. K. Arnold 4 Co., Lathersbars, represented
by John Patton.
Telegams from Hon. D. j. Morroil, Prssidon.
Of the First National Bank Of Johasiowa, and
E. c. iIumes, Esq., President Of the First Ma
iional Bank Of Bellefoute were received and read.
stating their inability to attend the nesiisg bat
that they would concur 10 is aciion.
After remarks ty the gentlemen present. ia re-
gard to the financial difficulties that now exist. II
was suggested that a committee Of Eve be appoint
cd to drais a resolution, TIE Chair appointed
hessrs. orbisgn, Patton, Jack, Parker and Boyn-
ton, and tho following resolution was prepared
and agreed TO by all parties present:
WHEREAs, The action Of the city banks ia re-
fusing 70 pay cut to country banks currency for
any pagt Of The balances they owe them, Is oaleu-
lated to draw the currency from The country ard
to disturb the Whole business of die country and.
WHEHrAs, Tie several bapks represented al
this meeting are desirons Of avoiding everything
that will tend to destroy o0nfiense; therefore,
Rcsslces, That they wiil DO business 90 lar as
practicable usual uith their custofncrs. AMI win
not draw upon each other for currency for the
present, aud that they viii ericnd 70 the cuisines
c.mmunity al the aid in their power - thnt the
financial dihculties existing elsewhere may cn-
baTrass the general husrers q. liitlc as possible
and 70 that oad they ask the business uc Or their
respective counties 10 AID in carrying out such
measures as shan tend to prevent the currency
from bsing carried ont q the country.
The meeting ihan adjourned to meet a, tho cav
Of Tic chairman Il Necessary.
VIZ. RUSSELL, Chairman.
6o1s n ". APAns Secretaries.