The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1873-10-18


bonds, it was thought probable they would
sell them and deposit the proceeds in the
national banks, which would give them
selief. AtWashington, ON Saturday, there
were continued runs upon the Freedman's
and City Savings Banks, butboth held out
In Philadelphia the Union Banking Com
| papy suspended; in Chicago, the Frank
lin Bank, and at a meeting Of the officers
Of the different savings banks, it Was unan-
imously resolved to notify their deposit
tors, that they will avail themselves of the
privilege given them by their charter of
giving sixty days notice before paying
their depositors.
Special Commissioner Felix r. Brunot
has concluded council with the Utes, the
result of which was the ceding by the In
tdians OF some 1900, 900 acres, being most
of the Land lying between the 37th and
| 38th degrees of latitude and 107th and 109th
degrees Of longitude, except narrow
strip ON the southern side, ON which many
of the Utes have farms. 1t is proposed
to gather the Wennihus, Muache and
Capote Utes, and a portion of the Jacarilla
Apaehes now at TERRA Acrayilla, and
| Cimarron agencies at New Mexico. This
arrangement disposes of the two trouble
some sub-agencies and gathers these wan
dering bands of the Utes upon their reser-
walton. The price for land most mineral
Is TO be given for the support of the new
Eagency and for those Indians for which
there has been heretofore no regular pro-
| visions made by the Government. The ar
| rangement with the Utes is not treaty,
but only an article of agreement entered
Einto in accordance with an act of Congress
authorizing negotiations.
The managers of the Eastern railroads
have come to determination to issue re-
turn passes to stock drovers on and after
October 1st.
The Assistant Treasurer at New 7 ork
,feontinued purchasing all the $40 bonds
4 that were offered by the banks on Mon
day, for the purpose of easing the money
market. Both the Stock Exchange and
IGold Exchange continued closed during
the day. A run was commenced on the
savings banks in the early part of the day
but later a feeling of greater security pre-
4 vailed, and the crowds of depositors dis
lpersed. The day closed with general
teonfdenee that the crisis was entirely over
+ The New York Stock Exchange con.
Etinued closed ON Tuesday, but the Cole
Exchange was open and regular transae
tons resumed. Up to- o'clock p. m. thf
monetary situation might have beer
i istmmed up in a sentence, g Confidence il
! restored, the banks are conducting busi
ness as usual;;a butjust as the street wa
4 beginning to feel that the end of the panic
had been reached, the painful rumor start
cd that the house of Henry Clews & Co
had suspended paymRnt. AS soon as thu
4 announeemenbWas made that the doors o
4 this bankingd5euse had closed, the mos
\ Intense excitement again prevailed, only
s9equaIed by the first announcement of Jay
i Cooke &. Co.'s failure. The run on til,
savings banks was continued moderately
tlroug the day, but the time rule al
loving banks to require thirty days
Inotice on all sums over one hundred dollars
was generally enforeed.s "A London tele
gram announced that Jay Cooke, McCul
loeh & Co. were throwing out drafts draw
i by the American house and which have
come to hand since the news of their sus
pension was received. A Petersburg dis
patch announces that the Merchants Ma
| 9ional Bank, Planters and Mechanics
q bank, Peoples Bank, and First Nationa
81 RaAk, all of that city, had suspended
Citizens Bank, although not sns
ptf5 leclines payment. Runors Q
heay inercial failures were. also rife il
| that
i TheeP PenHss lvanEa Railroad Company
havegedacet hours az work for laborer
| and road men td pei day, and tn
pay rolls viii sbe las|su according ely
The laborers, it's said strike agains
the newTule. z.
The President has issued d proc clanatiol
exempting French vessels from all dis
crinninating duties. s
Il w s. a