New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-25
THE SITUATION OUTSIDE.
FEW FAILURES AND NO PANIC.
INV fINU TO I'1''N'
BAD MANAGEMENT or THE FIRST NATIONAL bAN'
OF WASHINGTON,

soo oo Of which Is due about coo national "Snks 10
various parts OF the country. II has oeco'1e known
thai The bank before the cashier was appoaeu
wa managed In a very sloveuly manner, and that u
was IN very had condition when 1t was last examined ny
The Bank EKaminer who not satisfied IL Is a'so
EDova that when the present cashier took charge
the accounts OF the former officer were SNORT HoO"
S7OOo0. Mr. Stanton. the receiver Is "ofh'us n"' N
has turned into the Treasury all the assets III 'he "u
of the hank. Renry ID. Cooke returned from fhi"ue'
phia to-day, and engaged TOT u lonS uiuo ~ W.
~ultation with the Controller. The Government hau
boat s2oaaoo in the bank when it suspended haf OF
which as previously stated was 70 the oSnh
IN currency by the Secretary of the Treasury WITHOUT
collateral and against the fierce opposition OF treasurer
Simmer TIVE attempts were made to withdraw 1ne
money one OF which, at least was before the suspension
Of the bank.
ACTION OF TIE WASHINGTON FRBEDMANs sANINOe
BANK.
WASHINGTON, Sept 24-The Freedman's Saw
snrs Bank to-day determined thait will require 60 days
notice from depesitors OF their intention TO withdraw
Many depostors who drew their money under the pre-
waiting excitement have returned Their lands ana eA
pres Their confidence IN the security OF the banks Ihe
general convection is that portion OF the community
here 5ecame unduly and unnecessarily frightened
report has prevailed here that Ex-Governor COOKE
two months ago. made an assignment Of his property.
bD to-day asoerained at the Registers once ths'
the rumor is not true.
SUSPENSION OF CLEws, BABICHT co. OF LONDON
GOLD COMING TO THE UNITED STATES
LONDON, Sept. 24.--Clews, Habicbt 20.
were informed yesterday by Henry Clews CO. OF sew
York that they were sae first knew Of the suspen
slon Of the latter house to-day They Immediately called
IN their solicitor, and after consultation, decded 10
suspend payment Their liabilities on account OF henry
Clews q Co are s2lOOoO Their other liabilities are
se4OoO They have assets sufficient to meet their own
liabilities but not those of Henry Clews Co. Aquida-
on of affairs depends upon the condition OF the New
York house. The London house has not lost penny.
It's believed III financial circles here that flow O.
bullion from England TO the United states Will begin
soon TIE 9lSs drawn from the Bank Of England on
balance to-day for shipment 70 Sew-York7 aud 4A,-
30 IN addition 70 the above amount was also shipped to
NE same place to-day.
TWO SUSPENSIONS IN RICHMOND-THE Banks WITH
STANDING A RUN.
RICHMOND, Sept. 24.-The Dollar Savings
Bank closed this morning. Isaacs, Taylor, Il Williams
bankers suspended account OF the scarcity OF cur
reDcy, their assets being double their liabilities In
both the stonecGers employed IN the
Government stoneyard were depostors to large
There is Of small depositOrs on the banks
bat they all holding out as yet, and will doubtless
weather the storm through the day. The Freecmans
Savings Bank requires the legal notice. as also dc other
private Institutions
LATER.-A meeting o. merchants and manufacturers,
city held 1ecloek to-day TO consider the situatoE'
the largest gathering of the KIND held in Rich
mond, aud the greatest interest manifested in the
present financial crisis. Resolutions were adopted with
great unanimity in effect as Follows;
That the present condition OF affairs in Richmond has
arisen from and influences external 10 the bank
Ing aud mercantile business thereof and Is N nOWlse
atu1bnted 90 irregular operations or undue expansion
the part % its banks or RerchaDte.
That the banks Of the city are at present believed to
be of undoubted sOyency and that loss result TO
fore
That the meeting deprecates the uneasy feeling pre-
vaiing ntho city as tending TO produce panic and
the banks. thereof being lkey to cause their
suspension well to arrest and overthrow all bus
ness.
mat in view of The undoubted sovency of the banks,
Sers Of be meeting eiedse tbcmseives to abstain
running The banks, and cOnine themselves 10
strictly regular ard necessary checks and drafts in the
course OF business, making them As limited as practca
bile. and further, they viii continue as heretofore 10
make deposits ana they urge upon an persons having
business with the banks 70 pursue Ike course OF conn
deDoe thus avodng the greater contingencies Of pros
tratAOn and disaster.
No further suspensions are reported. The banks all
held out till the closing hour paying up promptly. The
excitement has greatly subsidized.
TWO MORE SUSPENSIONS REPORTED AT PETERS
BURG.
RICHMOND, Sept. 24.-The City of Petersburg
had $4,000 III the suspended banks there Nell
vaiDe Co. Oi that city, one OF tie largest commission
hrm the state reported to have suspended. The
directors OF the Bank Of Petersburg have decided to
pend today.
MONEY SCARCE AT CHARLESTON.
CHARLESTON Sept. 24.-Money is so stringent
here that 40 obligations are contracted and all business
s hunted IN amount There is some demand for cotton
81 low figures, bat the difficulty negotiating exchange
stops sales and the rebef from that IS slow in
coming FACTORS would at the moment accept low
rates for articles OF produce. Paper falling due is
renewed IN full or with small payment account,
and creditors disposed TO be indngeut Nc failures
have been reported The banks pay checks as usual,
and there has not been the first symptom OF a
SUSPENSION OF BALTIMORE BANKERS.
BALTMORE, Sept. 24.-BrowD, Lancaster &
Co, welknOwn BANKERS and brokers of this city, and
agents OF 1.-THE Chesapeake and Ohio Railroad having
branch houses in NewYork and Richmond, suspended
this afternoon. The firm state that the suspension
caused By unexpected and unprecedented 1t is
said that a statement will be made tomorrow.
GOOD NEWS FROM FOUR TOWNS.
PnlLApELPHIAs Sept. 24.-NO failures are re
ported AT Allentown, Bethlehem Harrisburg, Penn.
or Trenton, N ].
AN ALLEGED SUBDIVISION, CONTRApICTED
PHILADELPHIA, Sept 24.--The reported sus-
pension of the JuniaIa Valley Bank at Min, Penn is
.eOniradicted
NO PANIC IN CHIcAcO-THEBANKs SOUND.
CHICAGO, Sept. A.-The Chicago banks are
all sound today and clearances all settled There
is panic, but an uncomfortable feeling prevails.
LATER.-Atb0ngh the day has beer very quiet one
lOn Change and the prices N all grains have declined
there has been marked absence OF excitement and
sconnUed feeling OF confidence the part OF nearly all
the members Of the Board OF Trade. Last evening
was some agitation Of proposition To close the Board
.for day or two, but tho movement amounted
10 nothing The Board Of Directors to-day
recommended 10 the members that business 10 con-
ductcd on rs conservative basis possible and that
efforts be made 10 adSlst outstanding trades maturing
The present month on equitable basis: shat ransac
eions be limited TO the settlement Of eutstand-
ing contracts, aud TO sales Of property
for cash, and that on ali transae-