New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-29
THE SITUATION ELSEWHERE.
A SCARCITY OF CURRENCY IN PHILADELPHIA-REs0
IIIrIONS OF TIE BOARD OF BROKERs.


PHILADELPHIA, Sept. 27.-Matters are quiet
on Third-st. a scarcity Of currency being the only
trouble experienced from the panic. Many large manu-
featuring concerns have. with great exertons raised
sufficient amount currency to pay full wages to TIER
employees while other firms have been able to pay ONLY
50 per cent Of wages due The city banks have gener
ally paid out currency when needed to pay wages and
are dscounng freely giving an easier feeling in bank
ing circles The Board of Brokers passed series OF
resolutions to-day approving the action of the Secretary
of the Treasury in his efforts TO afford relief III the
present crisis OF monetary ailrs urging upon him the
necessity OF bringing before Congress plan Tor gen
eral banking law through which the Dehtnls OF our
present system may fully the growing inter
ess OF the country aud further resolving hat' IN view
of the sudden ana wild decline in values without reason
able cause therefor, the Board deemed 1t its duty To
arrest i'm oyery way the indiscrimnate sacrifice or
securities ana heartily condemned thOse WhO LOT per
sona profit attempt to agravae the present distressing
condition OF affairs.
ACTION OF THE CINCINNATI BANKS APPR0yED-A
BETTER FEELING MANIFESTED.
CINCINNATI Sept. 27.-The Cincinnati Cham
her of Commerce. at q full meeting to-day, passed reso
buttons approving the action of the banks and bankers
OF the city refusing TO pay out large sums IN cur
rency and declaring that merchants aud business men
have full faith and confidence in the' soyency Of their
banking institutions and in the integrity and character
Of those who manage them, and that the banks and
bankers requested to extend all possible accOmmoda-
lions to the local merchants and manufactnrers Al
the close OF business an improved feeling was
planly manifested. There particular change III
the general markets to-day and there IS no hope OF
much doing until there are better facilities for eictng
Exchanges The banks and bankers generally report
having passed through the day satisfactorily.
RUN ON JEFFERsONvuLE BANK-HUNDREDS OF
woRKMEN DISCHARGED.
JEFFERsoNyILLE, Ind, Sept. pa run was
made yesterday on the National Bank but all the
checks were paid and the bank hour
The Ohio Falls Car and Locomotive Company, employ
ing 700 men, has stopped work in all the shops except
the foundery throwing about 400 men out OF employ
ment The Southwestern Car Company has also reduced
s force The soppage OF these business interests is
due to inability TO obtain currency 70 pay on me men.
The slip-yards OF Dawes Howard IL Co., employing
heavy force Of men, succeeded in securing limited
amount of currency. and paid two-hrds OF the wages
boats now on the stocks will be finished, notwIthstand
ing the scarcity Of currency.
SEVEN TEMPORARY BANK SUSPENSIONS IN LOUIS
VILE.
louisville, Sept 27.-The following banks
su.pended payment temporarily to-day: German
Pank Masonic Savings Bank, Western Bank. G rman
Insurance Bank Louisville Banking Company, German
Savings Bank and Central Savings Bank. run on
the sc banks been steadily increasing for the past
three days. All Of them have abundant resources
many being able to paw two dollars for every one on de-
posii out Of their assets The other banks in this city
are heavily drawn on but are all right The suspended
banks all savings lnslitulons cohucted ana owned
chiefly by Germans. The lack OF systematic action
tended suspend these lnstltulohs every Ddhh look
ing out for its own safety
BANK SUSPENSION IN SALT LAKE CITY.
SALT LAKE CITY, Sept. 27.-There was con
siderable excitement here to-day because the First
National Bank did not open its doors this morning.
notice on them states that the OF the suspension
ia he failure of Eastern houses and the inability TO OBJ
tain currency Their liabilities amply secured by
good assets which 100000. while the liabilities
only s27OO This exclusive Of the personal property
of Warren Hussey who holds himself responsible for all
tbe hank indebtedness The bank II a Government de-
posirory. The Salt Lake National and the Deseret
National Banks open and meeting all demands
Walker Bros. Wells, Fargo & Co.. 7. +. Tracy q 60.
and White * Mccormick are also prepared 10 meet all
de mands
LONDON, Sept. 27.-The amount of bullion
withdrawn from the Bank OF England balance to-day
IA asOCO all OF which is TO be shipped TO America. All
the available gold In tie street il also being bought up
for shipment 10 America. Tue steamship Java, which
sailed from Liverpool for Newiork to-day took e5O00O
bullion.
FINANCIAL NOTES
The National Peoples Bank and Home Bank
of Canton H have suspended payment until the nnan-
cal crisis is over Tue given is the acton
of the banks In Chicago, Cincinnati, AMI elsewhere.
The Commercial National Bank of Dubuque
was the only national bank In that city that met all de-
mands in fun in currency Saturday and deposits had
considerably decreased The Merchants National Bank
suspended payment entirely. The First National Bank
paid bills receivable ana small amount In currency
The run the German savings Bank aud the fcOpios
SAVINGS Bank s9eUled " have entirely subsidized