New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-30
THE SITUATION ELSEWHERE.
A CHEERING OUTLOOK IN RICHM0ND-FEW OPERA
TIVES DISCHARGED
IBY TELEGRAPH TO THE TRIBUSE.l

(BY TELEGRAPH TO THE TRIBUNE.l
WASHINGTON, Sept. 29.-Advlces from Rich
mond to-day say all the mechanics and laborers OF
that city were paid of Saturday. The editor of The
Dispatch visited all the banks Of Richmond after the
close of business on Saturday night, and found that
more currency had been deposited than paid out during
the day. The President Of of the banks said that
his currency deposits for three days had been larger
each day than the average daily deposits of currency
for the last nine months The facts show that the money
drawn by tmid people on first fright is being rap
idly The Dispatch Of this morning cOntinues
It's notable fact that business paper maturing dur
ing the of the financial Crisis has been met as
promptly as usual All these facts show that the de-
liberalization in regard TO financial matters has not ma
teIiaY ameGoI D''S oisi hos boen raarfnIll. NOR
but without the panic which has riot in other cities
Careful inquiries concerning the tobacco factories OF
Richmond and Manchester disclosed the gratyng TACT
that, with two exceptions, they had made ar
wif6out aSniyipe TO the banks FOR funds: also that
nearly all OF them Will continue operations without dis
charging more hands. or the I'VE thousand hands en-
poyed in the AZ tobacco factories of Richmond and Man
chester it Is estimated that about half had been DIS
charged up to Saturday night The majority OF the
Factories nave not curtaiied their operations OF the
Others some have discharged few operatives and
Others have paid off and dismissed ALL with view oi
Among the iron workers Talbot Brother. George b.
sloat and the Richmond Stove and Agricultural Works
have discharged no hands The latter have very large
orders to h and have employed many additional hands
during the past three weeks. Indeed their business is
SO much on the increase that II has been necessary Tor
them TO send North and buy stoves In order that some
of their customers mey be supplied All the Danuiac-
turers Of agricultural implements aud the builders WIN
one or two exceptions paid of without applying 10 the
banks for assistance, and retained all their men, Inc
in mi The funds were sent from abroad. The stone
cutters Will be paid on their regular payday the
Richmond enters upon another week under more en-
couragiug auspices than the most hopeu couIu nave
anticipated a week The same prudence, modera-
Tion and confidence which our clzens have displayed
in e darkest days of the panic WILL If persisted III, en-
able us to pass the crisis much earlier than we have had
any reason 10 expect
THREE FAILURES IN LONDON-TTE RATE OF DIS
coUNT FIVE PER CENT-HEAvY SHIPMENTS OF
BULLION TO AMERICA.
LONDON, Sept. 29.-The failure of three
brokers in consequence OF the fall in the price OF Erie
Railway shares has been announced in the stock tx
change
The demand for discount at the Bank of England to-
dav as well as in the open market has been heavy at
the rate Of five per cent. .,., -....,. A.
drawn from the Bank OF England on balance TO-
day is for shipment to America The remainder goes 10
TiTTR-One failure Is reported from Hamburg. 1t is
expected that additional suspensions Will be announced
IN London tomorrow morning =.
ToRoSTo sept 29The Leader says IL is authorized TO
state that the Government has ordered 45OOOOO, IN
gold. from England 1t has also received Information
maj 81 900 600 has been shipped for New YORK, and con
siderable sums for Canadian banks.
CONFIDENCE RETURNING IN CHICAGO.
CHICAGO, Sept. 29.-The financial prospects
in this city this morning decidedly brighter the
National Bank Of Commerce opened their doors and re-
su1ned business at the usual hour, and although they
have paid out considerable money there is nothing that
can be called run upon either Of them, while there
have been considerable deposits made. The IN
1ux of currency from NewYOrk and from
the country to sbe large, not less than
s3OOOOOO having been received during Saturday
and Sunday OF this incoming currency, good proper
ton goes directly banks, and the rest INTO the
hands OF commission merchants for the purchase OF
Grain by outsiders But 1t all tends TO relieve the
1respnt gtriugency So far be learned there X
no urgent demand from country banks upon their core
spondents here, and in all quarters confidence appears
~ he returning This view OF the situation is based
upon interviews with numper OF prominent bankers
and business men.
| A WELL-DEFINED IMPROVEMENT AT CINCINNATI.
| CINCINNATI, Sept. 29.-There has been well
| defined Improvement here to-day in the feeling with
reference 10 the financial disturbance OF the country.
The days work with the banks has been the most salts
factory one tho Of the trouble The
deposits of currency number of the banks have been
quite equal TO the demand upon them for currency.
good deal Of old paper maturing has been renewed and
In instances paper has been discounted An
other noticeable feature has been the disposition OF per
sons who have in the habit OF allowing their money
20 go the street. but who OF late have not done any
thing make inquiry Of the street lenders as 20 terms
upon witch money can be placed. In the general mar
kets better feeling manifested. SIN but little has
been done 10 remove the deadlock In which matters
have fallen. Orders here especially for provisions
but there is very hte disposition To move under exist
! WIN Ernst President of the Northern Bank OF Ken
| tucky at C0vingtOn publishes communication to-
morrow i'm The Commercial In which he says the remedy
for trouble is With the banks and that bold decisive
prompt action by them will 10 an eicacl0us and I'M
| mediate remedy He says: Let the New YORK
Dapks a definite nme say the 10Th Of October when
action In tho principal cos throughout tho country