Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1873-10-02
General News Summary.


washington MOVIE
A Washington dispatch OF the 18th says tna'
the Comptroller Of the Currency had appoint.
ed Receiver for the First National Bank Of
that city, and an examination into Its coDdi-
ton had been commenced. II did the Wash
ington business for six hundred banks In the
country, and Its Indebtedness to them did not
exceed $4,000. A run had been made on the
Washington City Savings Bank and the freed.
mems Savings Bank, but 1t was thonght
they would be able to meet all de-
mands. The Secretary Of the Treasury
had directed the Assistant Treasurer at New
York to purchase go, 900, 900 worth OF bonds,
and deposit portion OF the Treasury balance
In the National Bank repositories, In order TO
stop the panic.
A dispatch from Washington on the 2lst
states that the Comptroller Of the Currency
had directed the collection paper OF the First
National Bank Of Washington TO be deposited
with the National Metropolitan Bank for col
lection.
A Washington dispatch Of the 10th
says that the offer OF the govern
ment to purchase el0,000,0W In bonds
had not proved the measure OF relief, In the
present financial crisis, that was expected. In
the suspicion with which all other securities
were regarded holders would cling to their
Governments.
On the ed, the President appointed Oscar
Whitney Secretary OF Dekota Territory, nice
General McCook, deceased; and Jonathan
Merriam, Collector OF Internal Revenue for
the Eighth Illinois District, vice Harper, alb
seconded. Treasurer Spinner was very III on
the god with malarial fever.
Washington dispatch Of the ED says that
the President and Secretary OF the Treasury
had reached that city. The President felt
confident that the right method had been hit
upon to afford help from the Treasury, and
the general conclusion reached by the informal
interchange OF views was, that II further help
appeared TO be needed 1t should be given 80
far as II was possible for the Treasury to Get.
It had been decided 10 send SIC, 000, 900 to New
York To enable the Assistant Treasurer In that
city to buy all the bonds that may be offered.
A dispatch from Washington Of the 23d says
that the failure Of Jay Cooke u Co., and the
First National Bank Of Washington, had just
begun 20 be severely felt in that city. The
Reform School for Boys, the National Soldiers
and Sailors Orphans Home, the Smithsonian
Institute, the Childrcns Hospital, and other
institutions had lost sums ranging from $40,
600 TO $4,000. At the time Of the failure Ex-
President johnson had $4,000 to his credit;
Judge Macarthur OF the District Court, &c.
900; Senator Patterson, OF South Carolina,
$4,000; the widow OF a former Navy Agent,
$4,000, and Ten. Hunter had large balance.
The President, on September 23d, issued his
proclamation announcing that difFerentiaI
duties on imports in France and the United
States had been abolished.
Advices from Washington of the oath were to
the effect that the authorities had been disap-
pointed at the renewal Of the financial trouble
IN New York on that day. II was reported
that the Secretary Of the Treasury
had telegraphed to the President thai
In his judgment the purchase Of bonds should
cease whenever the amount OF currency used
should reach sl2,0O0,O00 The President had
not replied TO this dispatch. An application
had been made TO the Secretary by leading
financial men to anticipate the redemption OF
the $50, 100000 Of five per cent. gold bonds
falling due In January next.
Information had been received at Washing
boH, Oh INC @ftii, thbt 1obecloT WeiuhcT, VI
the Second District Of Alabama, was a default
or TO the amount Of $4,000. Orders had been
issued for his arrest.
The wheat crop, according TO the returns to
The statistical division Of the Agricultural De
partmcnt, published on the cath, presented ar
average Of 81, which Is about the same as the
September report Of 1872 The area OF cult
walton had been much larger this year thar
last.