, 1873-09-21
PHILADELPHIA.
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Special Dispatch to The Chicago Tribune,
PH11ADELruI, Sept. 2o.--Tho excitement, though
very great, has somewhat tamod down. The Union
Bank1ng Company hnvo suspended and iasuod notice
stating TINT owing to the heavy tomand on thom dur
Ing the past few days thoy hayo been Obliged to
suspend payments for fcw days. Another
notice Of theirs directs thoso Wishing to
pay notoB or drafsa to enter by specified private
entranca on Fourth, above Chcatnut. Tho action OF
Secretary Richardson regards Issuing 80 o00
and, In caso Of necessity the remaining 900 of
reservo 10 aid tho lanking conmuatttes Ia greatly ap-
plaudcd here.
nrLIEF THAT THE WORST OVEN,
It is thought by many rrominont bankers and IMAM
cers s1at We hayo tho worst Of the great money
panic, md that calm viii follow Calm Investigation
Elbows there war but
LITTLE CAUSE FOR THE ALARM,
tho rcason Of tho suspension Of jay Cooke Co. being
their Inability to realizo securities in tho 1uoB up-
expected momont. The same was the case with tho
other suspended rmB, and 1t Is probable that thero ia
not one but will bo ablo to my dollar for dollar aut
continue bus1ncss. Every bank mud othcr institution
rEHFEcrLT RoLvEN1,
and thoRe who, by their alarm mud tttnity yesterday
tried several institutions severely may have tho l-
pleasant knowledge that ihey unwitingly did their
host to
TREo1p1TATE A FINANCIAL oR1s1s
that would havo cost many Of thom, III tho end far
Chestnut and THIRD streets slow q
decided falling of In tho excitement TINT
has kept those thoroughfarcs 30 turbulent for
the past two days. Yesterday, Black Friday No. 2,
the climax seems to hayo been roachod and, though
there wcro aome suspensions Htill the bravery nnd
ability with which largo bankers and leading monetary
institutions
upon them assured tho public and the most actlve
agcnt in tonng down tho pancky feeling which per-
vadod our financial centrc. To-day, Chestnut and
Third stroets 1re hronged still, but thcro ia very
perceptibla
FALLING OFF
in tho number Of people, mud there ia cessation of
that buzz aud claMor which wero ceaselcss during
busncsR hours yesterday. Men work along with moro
conduuce assured Of sfey in tho fact TINT there WIS
no quavoriug in the National Banks, whie tho Fidelity
waB far appearances juHti1ul tho opinion simply
irroducibe.
THE MARKETS.
have felt Tho influence Of tls confidence Stocks arc
firm, with tendency upwards, and ths effect geu-
eral commercial circles ia gratifying The oil upon tho
wntorB Ia simply the opinion tlat tho
HEIGHT OF THE aroRM
has boon rcached,-that the worst is orer. Tho
Fidelity hud ita doors open this morning.
AL oycs wcro turned upon this instl-
tuition yestorday, and tho universal quesion
wns, " Gould It, could it stand tho dran7" Among
merchanta and hAHlncas men generally thero was no
doubt OF thiA They had assurance in tho fact that
his tnst,tuton n managed 1 aomo nj Tin wca,thte,t
and moat ronut,hlo mon In phode,ni,,a II wna on1v
,noono sn,oi1 tro1eanoo,lo and 1ohor,no man ,yho
fron, ,rnor.nco of Tin nctunl cnntlltion ~
AFFAIRS wero most liable to suspicion, thst any doubt
waa fo Fro, IN o,c,ock vos,or,,av forenoon mill
IN tho aftornoon m 1o1,r nftcr tho uau,1 hour cna,
wont over tho rav,np.tecr .tesk Ia tin .mo,,nt ~
$3.50, 600. rhere was
htJ1lu
m bestation In tho ,nyncut of chochs s,-