Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-22
This Afternoons DtspaeeAes,
Associated Press Reports.
D
THE MONETARY CRISIS.
WALL STREET TO-DAY.
TIE sTORM ENHAUSTIEG ITSELF.
Alb FROM THE GOVERNMENT.
Two Hilton Of Bonds Purchased Up
TO Noon.
Here About the Union Trust Company.
Only One nOre Firm Of Broken
Brokers.
A Run on all the savings Banks,
The Stock Exchange and Gold tx
change Closed.
A Better Prospect Ahead.
"The Banks We're Never Stronger"
The Storm Over In Philadelphia.
A Better Prospect Ahead.
"The Banks We're Never Stronger
The Storm Over In Philadelphia.

NRw YORK, Sept. 22-The official announce
ment is made this morning that the Assistant
Treasurer will continue 10 purchase ive-twenty
bonds in accordance with his notice OF Satur-
day, paying for them in currency at the aver
age prices Of sales that day.
SECRETARY RICHARDSON SAID LAST NIGHT
he did Dot zee that he had the power ~ do nl1Fs
thsn bay bends, s.d al the fiye-tweHtes offered
will be bsssht visksat delays rcd ss;Se. 1.-The
gcyeTE8eat, The secretary added, lis not truss
ossnfsny sr Iosn institution, and it is doubtful
whether Congress would sanction any such con-
suaetsoa Of my power.
"RokK OF MY FUNERAL"
The Language "fhis is none OF my funeral, -
which was attributed 10 Secretary Richardson
ast evening, seems this morning to have been
made by leather merchant, who was present
at the conference and who was asked 30 stat
briefly the views OF the Secretary OF the Treas
ury. In answer TO his quesTaOner, the msrchan
replied, ''ahe secretary as much said thu.
was none of his funeral, and he did not feel IL
cliDed to act.
THE UNION TRUST COMPANY.
The following notice is posted on the door Of
the Union Trust Company:
"9his institution is in the hands OF receiver
A statement of tts affairs is being prepared aud
will soon be made public. Depositors eau
TONED aRaizst sasrihcing their aceoants-"
John V. L. Pruyn, OF the Union Trust Com
pany sirsssers, is reported by the qrlJaae a.
saying that the securities offered by CommOeofe
Vanderbilt on Saturday 70 the company for the
loan made 10 Lake Shore were not by any means
sufficient TO cover the loan.
MORE BROKEN BROKERS.
Marvin BIOtlers is TO be added 10 the list OF
suspended brokers firms.
THE STOCK EXCHANGE STILL CLOSED.
The following notice has just been issued
"The New York stock exchange will remain
closed to-day. A meeting OF the governing com
mittee will be held tomorrow morning az half
past nine O'Clock.
CSigned) al. G. CHAPMAN, President"
THE BANKS WERE NEVER STRONGER.
The general manager of the clearing house
n n in ~ los tfsrnt
every cheek passed in the regular way through
the clearing house will be paid. The bank. are
in no danger. and there is no thought of their
suspension. They were never stronger than
they are to-day, and the action OF the bank OH
GERS SsssFday nade them doubly strong"
CARLToE, the DKFAULTTNG SECRETARY
of the Union 1rsst Company, was largely inter
ested in Western Union. Envelopes picked 40
In the poet eff1ce showed also that he speculated
in Union Pacific and other stocks; Most of his
losses are supposed to have resulted from the
crash in the market last week.
BUYING CHEAP.
Several Montreal merchants have arrived
here to invest in stocks at the shrinkage quota
tons. Large orders are also being received
from Esrspe, with instructions 10 fill as soon a
the stock sscAsnss reopens. Gold opened at ll2
THE GOLD EXCHANGE CLOSED.
NEW YORK, Sept. %, 1918 a. m.-The gold
exchange has closed, the same as the stock cx-
change; 1I2 has been established as the basis OF
settlements. The room will remain open for tue
purpose Of settlement. The rate Of interest H.
fixed at per cent. for carrying.
THE GOVERNMENT BOND PURCHASES TO-DAY.
NEW YORK, Sept. %, 1880 a. m.-The follow
ing notice is ported in the United States sub
Observation-Disclosures of United States bonds
to- day will include all the different series OF
5-30's. Payments will be made in currency, at
the rate Of 11072 and accepted interest in coin.
Already $4,000 worth have been purchased.
Small amounts from individuals will not be
purchased, that not being the intention Of the
government in authorizing purchases"
RUN HAS COMMENCED
on the Seaman's savings bank. Meetings OF the
directors of the various savings banks are now
being held, to decide upon the ACCESSIBILITY OF
compelling depositors to wait GO or 80 days, as
their charters allow.
ExCITEMENT ABATING IN WALL STREET.
The excitement in Wall street is not so great
as on Saturday.
ONE MILLION OF BONDS BOUGHT.
NEW YORK, Sept %, II a. m-The sub-treas-
urer has bought one million in bonds. Large
crowds are waiting to sell.
THE sRAMAN's SAVING BANK.
NEW YORK, Sept, %, 11:3O q. NAT a meet
ing Of the directors of the Seaman's Saving
bank it was decided to pay Immediately sums OF
500 on under. All amounts over that will not
be paid before 80 days, as their charter allows.
Later.
ALL THR BANKS HAVE PULLED THROUGH.
NEW YORK, Sept %, 11:45 a. MIR. Camp,
have pulled through except two, and those two
are nv settling through the loan committee.
Rum On Ala TIC Savings Banks.
A run has began on ali the savings bank
throughout the city. The crowds are much
larger On ne est SIDE Of the town than on me
west. and the atDsst excitement prevails. One
Of the largest e TIE savings banks has already
1t is stated nat the majority Of the banks will
take advantage of their charter, which allows
them from 80 TO % days time.
New YORK, Sept. %, noon.-Two millions Of
bends have been purchased by the sub-ueas-
urer up TO this hour.
LOAF CERTIFICATE.
The clearing house loan committee nave Is