New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-23
HANOVER BANK.
THE CRISIS IN WASHINGTON.

THE CRISIS IN WASHINGTON
OPINIONS or SECRETARY NEUTRALITY-SUSPICIOUS.
OF SUSPENDED BANKS ACKNOWLEDGEMENTS
JOHNSON LARGE DEPosIToR IN THE FIRST
EATIONAL-oTHER SUFFERERS BY THE sUsPEN
SION.
lBY TELEGRAPH TO TIE TRIBUSE
WASHINGTON, Sept 22.-The Secretary of the
Treasury said, at the hour of closing the Depart
nent to-day, that everything had Gained down. and
that by tomorrow there would be no further indi-
cation of the storm than few closed banking
houses. He said that he should, however, continue
to buy bonds as fast as they presented and that
if the New-York Stock Exchange would remain
closed until next week. the result would be very
strengthening to the public confidence
Nothing is yet known of the condition of the
Washington branch of Jay Cooke d Co., or of the
First National Bank and Henry d. Cooke, the Presi-
dent of the latter is still absent in Philadelphia or
New-York. The principal stockholders In the bank
are the several members of the Cooke firms. Sem
ator VIM Sprague owns a portion of the stock, and
at one time the Hon. Schuyler Colfax and Senator
John Sherman were stockholders. The most
prominent depositOr in the bank, next
to President Grant, was Andrew john
son. In the First National he has always kept
his account since he was made President and it will
be remembered that while Gen. Butler was making
an investigation as to tue causes which prevented
the impeachment of Mr.. johnson, the latter's bank
account was pried into and it was found that his
worldly wealth did not exceed $4,000 AT the time
of the failure of the bank Mr. Johnson had 100000
to his credit, on which he was receiving
6 per cent interest, which was his only
revenue. Should the bank be unable to discharge
its obligations, contingency by no means inprob-
able ex-Presdent Johnson will be almost pennless.
Another case which will excite sympathy is that of
Mrs. John G.. Wilson, whose husband. Member OF
Congress-elect from Oregon, recently died Mr..
Wilson had $1,000 on deposit in the bank when he
died. and arrangements making by Judge Will
liams and Senator Kelley to obtain the money for
the widow, who is wholly without means, and is
now teaching school to support her family.
The Smithsonian Institution had $4,000 on de-
post; the Childrens Hospital, benevolent nstitu
ton which has done great good in Washington. had
$4,000; Judge Macarthur of the District Court lost
$4,000; Senator Patterson of South Carolina it is
said had $4,000 in of the suspended banks; Adj
miral Rowan had $1,000; Mr. VIM ii. Scott, widow
of a former Navy Agent, had $1,000, the proceeds
of the sale OF all the property she had and 1t is said
Gen. Hunter had large balance to his credit. Even
Mr.. Knox, the Controller of the Currency whose
money was in the bank, said he hadn't money
enough to go to market with the day after the
pension.
PRESIDENT GRANTS RETURNING CONSULTATIONS
WITH SECRETARY RICHARDSON - UNLIMITED
BONDS TO BE BoUGHT-rwENrY MILLIONS IN
GREENBACKs TO BE SENT TO NEw-YORK-THE
PANIC BELIEVED TO BE ENDED.
GENERAL PRESS DIsPArCHl
WASHINGTON Sept 22.-President Grant accOmpa-
MED by Gen. Babcock, returned to Washington this
morning and registered at Wizards Hotel. In the
course of the morning the President called at the
Treasury Department and had conference with
Secretary Richardson. The result of it may be in
feed from the fact that subsequently, the Secretary
stated to the agent of the New-York AsSo-
ciated Press that the President Will do
ANYTHING within the law, but in 10
particular will he go beyond clear legal authority.
He will maintain the safety of the Treasury Depart
ment, and protect the credit of the United States
from the influences of present financial embarrass
ment In answer to inquiries, nothing was elected
to strengthen the report that action will be taken in
regard to placing part of the legal reserve at
the disposal of NewYork City banks. The Treasury
has a sufficient amount OF currency on hand to meet
all legitimate demands. Much excitement exists
throughout Washington consequent on the news
from the North. The banks here do not seem to be
as yet seriously affected by it,
3p. m.-Tbe President had another interview, Of
more than an hour, with Secretary Richardson, at
the White House. this morning at which Secretary
Delano and Postmaster General Creswcll were
present. lie has been decided to send $4,000 600
from the National Treasury here to Assistant
Treasurer Hillhouse in New York, tonight to enable
that officer to buy all the bonds that nay be offered
The President feels encouraged at the news to-day
and will be guided by circumstances to whether he
will leave tonight Secretary Richardson has been re-
ceiying kilograms from New-YOrk every few minutes
during the day informing him az to the condition of
affairs there In reply TO interogatons this morn
ing he said every thing more encouraging and
the Government would buy bonds just as fast az
they were presented When the question was asked
whether or not tins money to pay for the bonds
would come from the legal reserve he answered.
Never mind about that ] will attend to getting
the money. The Government is all right and in
tends to keep 500
4p. m.-Seeretary Richardson contradicts the
statement that the navy account has been trans
ferred from the banking house of Jay Cooke, Me
Culloch Co. in London, and declares that there is
no intention Of making such transfer The Secretary
received the following dispatch from NowYork to-
day:
Mercantile business progresses usual. Wallst. is
clearing itself. The people Join In congratulations 10
the President and Secretary Richardson for their stab
ity The stock Exchange will he opened on Wednesday
The run on the Freedmen's and Washington City
Savings Banks has nearly subsidized, not more than