The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-09-20

18eNEW YORK H6ptembef 1v.--Fisk q
Their advances afs np5nt OSsSapea ke
and Qhio,a Road and . :Oeptraa. Pacific.
tTkAyi i6xpect Eto &6in iis, al ssobn; ;Yas2 the
panic ceaees. Fitch s. 90. have sus.
pended. The Office OF Fisk s. Hatch is
strongly guarded by police. A promi.
nent' Wall street banker eeyss i! the
movement now making. to get the SEQ
rotary of the Treasury to come to their
relief, with S10,000.000, should fail,
there will be a general suspension OF
banks and others. A meeting OF bunk
presidents is now being held at the
clearing house. Vernon &C. Hoy hasu
suspended. The police prevent any but
members to enter the Stock Exchsnge.
E. D. Randolph & Co., bankers of the
Pennsylvania Central Railroad. aud Won
H. Amer. announce their suspension.
The clearing house appointed q commit.
tee OF five for the purpose of adopting q
plan to relieve the present difficulties.
at o'clock. there was better feel
ing. Western Union stock at 70. The
run on the Union Trust Company fs
subsiding. There is more or less of a
crowd around every paying teller's desk
Geo. B. Alley, whose suspension is
already announced, is widely known in
connection with fast horses, having
raised Dexter. he says his suspension
is caused by the general decline in
| stocks; especially Vanderbilt stocks
His liabilities are not large, aud he e1-
poets to resume soon. GreenlcaF,
Norris & 90. is an old and wealthy stock
firm. President Calhoun, Of the Fourth
National Bank, says: "We have no rea.
son to fear anything" President Tap
pan, of the Gailatin National Bank, says
he believes the better banking institu-
tions will weather the storm. Secretary
Carlton. Of the Union Trust Company.
says the company is perfectly solvent,
and will meet all demands. It is rs.
ported that the company had 500. 900
on deposit last night. Mr.. Fahnestock,
of Jay Cooke & Co., said, in an inter
view, this AFTERNOON, that the firm
hoped to pay all liabilities. Mr. Gar
land, another member of the fru, says
the London house will have large sur
plus after payment of all its debts, IN.
less there is great shrinking in tue
value of their securities.
The latest rumor Oh the street is, that
the Government will come to the
rescue tomorrow, by buying S5,O00,OOU
Of bonds. The grain aud provision
markets are all unsettled by the Wall
street panic. State and railroad bonds
and city bank shares have been practi-
cally neglected, while dealings in rail
road stocks continued on al enormous
scale. This afternoon, the principal
transactions have been Pacific Mail,
Central and Hudson, Western Usion.
Rock Island, Wabash and St. Paul,
Western Lake Shore, and Erie. Out
side purchasers continue in considerable
numbers on the declining market, for
investment, which aided III strengthen
ing tho market this afternoon. Assist
ant Treasurer Hilhouse says it ID in the
power of the national banks to avert
further disaster, aud they will undoubt-
edly do 30.
The Erening Post is informed that
Secretary Richardson will offer to buy
from $4,000. 900 to 10000, 900 of five
twenties tomorrow. This will throw
into the banks legal tender notes. for
the large currency balance in the Trea-
sury is nearly all composed of legal ten
ders. With the panic thus checked, g
calm, with low rutes for money. will
soon follow. Jacobs, Little j. Co. have
failed.
AhlAADhLfHlA, OepbeuOtr IL lne
following have suspended: II. H. Doug
lass. Bayard, J. H. Yerkes. John Lloyd,
Gilbaugh & Co., and Bond; all small,
except Gilbaugh.
WAsHINGroS, September 19-The
Committee OF the Bar Association Of the
District Of Columbia, appointed at the
request of Il. T. Merrick, Esq, to inves-
itigate certain charges made against him.
by Ben. E. Green. sou of General Duff
Green, and formerly of this city. made
their report to-day. Tue report CON
taius copious extracts from the evil
dence, and sets forth that the charges
have been shown to be without the
slightest foundation, and that Green
knew them to be falae when he pub
lished them; and that the committee are
forced to this conclusion by Green 5
own testimony. taken under oath. before
the committee. series of resolutions
were unanimously adopted by the asso-
citation, endorsing the views Of the re.
port, conuemning Green in dignified
but severe language, aud declaring that
the conduct Of Mr.. Merrick, in the
transactions referred to, was not only
irreproachable, but was highly honora-
BILE, efficient, faithful and magnanimons