The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-09-30
jay Gou1d's Opinion.
Somebody writes a letter
for Mr.. Grant.
The Suffering at Shreveport
from Yellow Fever.
A Call for Aid.
A Panic in Texas in regard
to Yellow Fever.

A Panic in Texas in regard
to Yellow Fever.
CHICAGO, Sept. 29.-Business seems al
most to have resumed its regular channel
The Cook County, the Union National and
Bank of Commerce, resumed payments
to-day, without any run. The Union re-
ports the receipts of one deposit of $54,-
600, while the Cook County has been the |
recipient of like confidence on the part of |
the public. The Third will not open to- |
day its collections being made by the Com |
mercial National. The streets are bustGng |
with business and large crowds are in at |
tendance on the Exhibition. The Deputy |
Comptroller of the Currency is looking in
to the financial situation here. With a
little forbearance on the part of large de-
positors, the panic here will end to-day.
The feeling continues to improve and
the market exhibits more activity, partlcu-
larly in the way of settlement The open
ing of banks tends to restore confidence,
while the liberal arrivals of currency for
| investment assists in strengthening the
markets Four millions in greenbacks have
| been received by express within forty eight
/ hours.
ST. PAUL, Sept. 29--The St Paul banks
respond to all demands in currency and
have no thought of doing otherwise. There
is no excitement or alarm here.
! CINCINNATI, Sept. 29-There has been
a well-defned Improvement here to-day In
the feeling with reference to the financial
disturbances of the country. The deposits
of currency in number of the banks have
been quite equal to the demand upon them
for currency.
| ST. LOUIS, Sept, 29.-The financial sit
uation has been very quiet to-day and a
much more confident feeling is being man
ifested.
PTTTsBURG, Sept 29.-The financial out
look in PittsbuIg is brighter to-day than ii
has been any time during the recent panic.
5 Confidence seems fully restored and busi-
q ness is being transacted as usual.
Benz Bullock 4 Son. extensive WOO
, dealers, suspended this morning for large
sum, but they have ample assets to pay al
S their obligations.
t WASHINGTON, Sept 29-The Farmers
= and Merchants National Bank of George
town, First National Bank of the Repub
lie, the Bank of Washington, and the bank
ing houses of Riggs Il Co, and Middleton
r 4 Co, are paying all demands upon then
v as usual. Other banks and banking house
Il in a combination formed last night to certi
fy checks instead of paying currency, vii
3 not pay the smallest check to-day.
u New YORK, Sept. 29.-All advices to
:, day touching the financial situation at hom
t. and abroad, are of reassuring character
The reopening of the Stock Exchange to
l. morrow is an event attended with much les
70 apprehension than has heretofore been tn
l. case, owing to many private settlements
lie and to the manifest disposition towards foi
E, bearance and generous dealing betwee
he man and man.
D. ToRoNTo, Sept. 29.-The Governmer
has ordered half million sterling in gol
e from England. 1t has also received il
le formation that million sterling has bee
a shipped for New York and considerahl
sums for Canadian banks. The feeling
lie England is confident and hopeful.
i LONDON, Sept. 29.-Two hundred an
III twenty-five Thousand pounds sterling
bullion were shipped from Plymouth f
New York, Saturday, and the steamsh
:" which sailed from Southampton the san
day, took out $4,000. Engagement
have been made for the shipment of $5l
900 by the steamship from Southampto
tomorrow.
:. 1t is said $500, 600 are booked for shi
u ment this week The amount of bulht
withdrawn from the Bank of England
. balance to-day,is 963S,000. The directo
sof of the Bank of England have fixed Il
minimum rate of discount at per ceI
= This announced increase in rate caus
3. much surprise in financial circles
@ af The failure of three brokers in cons
ho quence of the fall in Erie shares has be
ne a.. announced
Of New YORK, Sept 29.-Jay Gould, bel
he asked for his views concerning the fna
en- cial situation, gave them as follows;
an think the panic is over | have every fai
of now in an advance in prices, and belle
era the market will be more buoyant than
HE long time. Wall street has been cleal
yol- out Of a great part Of the worthless stot
and so-called securities by the purgi
ug- process of the panic, and there are CO
Dek paratively few stocks now quoted exc,
,hp those of real value. In all cases pri
are now too low, and in that OF good di
. dend paying stocks very large advane.
necessary to bring them up to their act
worth. The reasons for an advance
ST that the money market will become e;
lTsa, phe as soon as the Stock Exchange is open
y A. owing to the very large quantities of gre
- backs which have been dlsbursed by
government in its late bond purchas
that an immense amount of capital
- been put into circulation by the action
the banks in issuing clearing house Ger
Gates, which displace corresponding gu
nrd 1ord tity of currency that England is send
il be over millions of gold, which will come
aock active use Immediately on arrival
> that speculation has had such a long 81
mt, that it will be all the more lively whe
- wakes up again.
The following letter from Presto
Grant appeared yesterday;
q. EXECUTIVE MANSION, Sept. 2s, 1877,
l Messrs. H. B. Clafin and G. L. Anthc
GENTLEMEN In response to the vi
ID A you have communicated as to the usin
the President the currency to restore
e.) hdenee and legitimate trade and c
4 will merce, have the honor to communi
.tron- the following The government is desi
dti Oh ooing all In its power to relieve
present unsettled condition of bust
affairs, which is holding back the imm
- resources OF the country now AVA
transportation to the seaboard and maj
!. Confidence on the part of the people i.
frst thing needed to relieve this cond
and avert the threatened destructio
business, with the accompanying disa
to all classes of people To re-estal
n this feeling the government is willin
! take all legal measures at its comm
= Al