Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1873-10-03

| hcheb' WIN. II. Taylor, GOVcfnOri Onafles "
Parker, Lieutenant Governor; Ferdinand
Kuhn, Treasurer; Peter Doyle, Secretary; A.
Scott Sloan, Attorney General Edward Seur.
ing, Superintendent Of Schools; NJ. j. Argand,
Commissioner Of Immigration. Resolutions
were adopted fayorlng cheap transportation,
the improvement Of the Wisconsin, Fox, and
other navigable waters of Wisconsin at the ex-
pense Of the General Government; opposing
protective tariff laws, back pay. monopolies,
free passes 10 members Of the Legislature,
Credit Mobllier, and corrupt legislation, and
declaring that the party would vote for no
person whose nomination was the fruit Of his
own Importantly or q combination among par
tlsan leaders.
The State Liberal Democratic Convention OF
Minnesota met at st. Paul on the oath, and de-
cided TO make na nominations. Resolutions
were adopted advising all Democrats and Re-
publicans to yield cordial support to the
nominees of the Owatonna Convention.
Information had been received at Washing
ton on the 9th that Collector Weidner, of the
Second District Of Alabama, was defaulter
to the amount of s20,000. Orders had been
issued for his arrest
The wheat crop, according to the returns
to the statistical division of the Agricultural
Department, published on the oath, presented
an average of ninety-fve, which is about the
same as The september report of 1872. The
area of cultivation had been much larger this
year than last
The Chicago Journal of the 25th says that it
had become necessary to say that the banks of
Chicago had not suspended payment or closed
their places of business. The action of the
preceding night was not in consequence OF
| panic but to prevent panic. They had not
ceased business, were continuing to receive
deposits and pay out such sums as might be
| needed for ordinary business transactions, but
when sums were demanded 70 hoard or with
draw from business operations, they had re-
solved TO delay the payment Of these until the
financial storm had passed. The currency
strngeney In that city had had the effect to
bring the extensive hog and cattle trade to a
stand-still, it being impossible to make cash
sales. The Union Live Stock Yards contained
| 30 900 hogs and 10, 600 head of cattle, all that
the yards could possibly accommodate, and
| the live stock commission merchants had no
| tilted the railroads and country shippers that
no more live stock would be received until
further notice.
The Cincinnati Clearance-House Association
adopted on the 25th resolution substantially
the same as that adopted on the oath by the
banks of Chicago.
| dispatch from Kansas City, Mo-, of the
25th. says that the banks of that city had sus-
pended.
A Memphis dispatch of the 25th says that
the First National and De Soto banks OF that
city had closed their doors.
| A New York dispatch of the 25th says the
| Afrro1r of mr.
Wall street. The means of relief adopted by
the banks in effecting bank clearances by loan
certificates had eased the pressure on them
selves, but had not materially aided others.
The extreme caution Of those institutions and
their anxiety to protect themselves had added
| largely to the actual scarcity of money, and
there were grevious complaints from the great
commercial world and the Produce Exchange
| in particular. Earnest appeals had been made
| to the Government for relief, and resolutions
had been adopted by the Produce Exchange
suggesting to the Treasury the issue OF cur
rency TO the banks and bankers on
evidence that gold had been deposited
| in the Bank of England to
| the credit Of the United States to be used only
| in buying exchange. The breadstuffs market
was still under the influence of the block III
exchange.
A Washington dispatch of the 25th says that
the President had returned to that city perma-
nently. At consultation held between the
President the Secretary of the Treasury and
the Attorney General, the latter officer held
that the bonds of 1874 could not be redeemed
legally before maturity. 1t was therefore de-
cided that the Treasury could take no further
steps to relieve the New York market, except
as it was affected by the regular trans
actions of the Department DIR. Leider-
man, the Director of the Bureau of
the Mint, had predicted that the effect Of
this stock panic would be to hasten the re-
sumption of specie payments. He said that
within a month, it was his belief, that silver
and gold coin would be medium of circula-
ton at currency rates. In anticipation OF this
result he had ordered the mints to largely in
crease the coinage, and stated that more bullion
would be coined during the next three months
than at any previous time in the same period
Secretary Richardson had stated that it would
be good policy for ell the banks to suspend
further currency payments. 1t was rumored
in Washington, on the 25th, that the President
had been advised to call an extra session OF
Congress.
A dispatch from St. Louis Of the 25th says
that the banks of that city had held meeting
on the evening of that day and resolved TO
adopt the plan of issuing Clearinghouse
certificates.
A Newark, n j., telegram of the 25th an
nounced that the State Bank of New Bruins
wick had suspended. This is the bank that
was crippled by the Irregularities of Appleton,
the cashier.
A dispatch from Nashville, Tenn, says that
the National Banks of that city had suspended
currency payments on all balances exceeding
5000.
A dispatch from Selma, Ala, of the 25th
saws the Savings Bank of Selma had suspended
in consequence of an extraordinary run OS
depositOrs.
All the banks of New Orleans partially sus-
pended payment ON the 25th, according 10
dispatch from that city. The suspension was
to remain in force for thirty days.
Telegrams from various cities in Georgia,
of the 25th, say the following banks had sus-
pended: National Exchange, the Merchants
and Planters National, the Planters Loan and
Savings banks, of Augusta, Ga; the Dollar
Savings Bank, of Atlanta, Ca; Savannah
Bank and Trust Company and the Southern
Bank of Georgia.
A Detroit dispatch of the 25th announced
that the Schooner W. j. Whaling had been
beached ut Green Haven, Michigan, on the
forenoon of that day Vessel and cargo werea
total loss. Two Of the crew were drowned.
A Wapello, Iowa, dispatch of the 25th says
that on the afternoon of that day Professor
Boley made an ascent from the fair ground ut
that place in his hot-air balloon. Just as the
balloon left the ground it took fire near the
mouth. He had not secured his footing ON
the horizontal bar on which he stands, but
went up hanging by his hands, and did notap-
parently see the fire until he was too high to
let go with safety, but hung on until he had
reached an altitude of twelve or fifteen hun
dred feet, when the canvas that held the
hoop at the mouth, from which he was sus-
rnnded hnrned AWAY. and he fell, reaching