Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-09-24
TELEGRA PH.
ESPECIAL DISPATCHES TO THE GAZETTE
FINANCIAL AFFAIRS.
FROM WASHINGTON.

CIdHy iS qulet ueTe lo-udy, auu mucu Dellei
feeling is prevalent. The run on the City Saw
ings Bank has entirely ceased, and that iustitu
ton is considered perfectly safe. The dispatch
es from New York are looked upon as more
favorable, and hopes are INDUCED that, not
wthstanding the forebodings of further embar
rassment, the worst has been past, and that
confidence will soon again be entirely restored.
FROM RICHMOND.
RICHMOND, Sept. 24.-The Dollar Savings
Bank and Isaacs, Taylor & Williams suspended
this morning The regular banks have paid
all demands upon them up to he close of bust
ness to-day. The feeling iu the community has
improved very much, and it is thought that
the worst is over. No apprehension is felt for
the safety of the State fluids held by the banks.
RICHMOND, VA, Sept. 24.-The Dollar Saw
ings Bank closed this morning lsaacs, Taylor
& Williams have suspended on account of the
scarcity of currency, their assets being double
their liabilities.
In both Of the above concerns the stone cut
tiers employed at the government stone yard
we're dcpositors to large amount. There Is
considerable excitement In the nelghborhood
of the various banks There is a run of small
depositors on the banks, but all are holding out
as yet and will doubtless weather the storm
through the day, the Freedmen S Savings Bank
requiring legal notice, as also other private in-
situations.
A general meeting Of the members of the
Chamber of Commerce, Corn Exchange and
Tobacco Association and leading merchants will
be held at one o clock to consider the state OF
affairs aud adopt some measures to strengthen
the public confidence.
FROM LONDON.
LONDON, Sept. "A The house of Clcws
Habicht L. Co., have decided to suspend.
A dispatch from Berlin announces the failure
Of bank in that city.
LONDON, Sept. "a. The l3S, 900 pounds drawn
from the Bank oil England on balance to day
was for shipment to New York. Twenty thou
sand pounds IN addition to the above was also
shipped to the samo place to day.
LONDON, Sept 24-It is believed in financial
circles that a flow Of bullion from England to
the United States will commence soon.
LONDON, Sept 24.-4 p. m.-The amount
of bullion withdrawn from the Bank OF Eng
land on balaece to-day is fl3S,000.
LONDON Sept a -Mcssrs. Clews, Habicht
& Go. were notified yesterday by Henry Clews
u Co., OF New York, that they were safe, and
first knew of the suspension OF the latter house
to-day. They Immediately called in their soil
ctor, aud after consultation decided to suspend
payment Their liabilities on account Of Henry
Clews & Go. are e24O, 600 Their other liabil-
tiles arc sG4 900. They have assets sufficient
to meet their own liabilities, but not those of
Henry Cews Il Co. Liquidation of their at:
fairs depends upon the condition Of the New
York house. The London house has not lost
penny.
FROM NEW YORK.
New YORK, Sept. 24-.-The President of
the Canada Southern Railway Company de-
MES the rumor that they have been obliged to
cancel all contracts for the present owing to the
financial crisis. He says the road was entirely
finished and it could not, therefore, be true.
1t is asserted on the authority of one of the
examining committee of the Union Trust Com
PAW that Cartons defalcat,on will be much
less than at first supposed Up to noon yester-
day the detacations discovered aggregated but
$4,000. Many of the securities on which he
| loaned the funds of the company are believed
| to be of better character than at first suppos-
ed. 1t is said a number of New YolL dealers
have telegraphed to western shippers to stop
sending grain east owing to the difficulty OF
procuring money with which to meet sight
drafts
New York, Sept o. The Stock Exchange
will remain closed until further orders Gold
opened at ll25.-
New YORK, Sept 24-lO:4O a. m.-Howes 4
Macy have just suspended.
Wall and Broad streets already present an
| unusual lively aspect, for in addition to the
presence of regular dealars, hundreds of the
general public have been drawn there by Gu
riosity. orr
New York Sept. 24.---Mr Macy, of Howes
& Macy, in reply to request tor statement
of the affairs of the firm said the only expana-
ton OF their suspension was that which applied
under the existing circumstances TO all firms
having large number Of deposltors. Such
houses must suspend. His firm had yielded to
the inevitable resul: of the present financial crlsls
and would resume when the crisis should be
| over. .. IN,
NEW YORK, Sept. 24---1l:45 a. m..~The
Clearing House Banks at a meeting to-day re-
solved not to pay out any more currency o1t GER
tifv all checks payable at the Clearing House
oply. This is intended to prevent any lock up
OF grcenbacks. 1t is understood, however that
small checks will be paid as usual, the rule to APP
DIV ouly to checks for large amounts. =,
New YORK, Sept. 24-lO30 m.-No oonds
were offered at the sub Treasury this morning.
| The feeling on the street is rather nervous
Brokers are congregated in front Of the Stock
Exchange, but are doing little or no business
The following are the opening street quota.
tons: Ceu,ral, 81 offered Rock lslaud, So
offered Union Pacific q bid; Westero u1-
ion, 62 bid, CT offered Pacific Mail, 81 bid,
IS offered Lake Shore, so bid.
A meeting of the bank presidents is no" IN
session to take action 10 regard to proper meas
-, 10 racopt a1OprpencV.
Henry Clews Il Go. say they will remain
closed until the tightness in the money mar
ket gives way and affairs are some more settled.
NEW YORK, Sept. 24.-The money, pann..c
has completely blocked business IN bread stufls
There is nothing doing and consequently no
prices have been established n,l
New York, Sept. 4-lO:5 o a. m.1lhe suI.
Tro,snrer nm to this hour has bought bali