Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-10-04
FINANCIAL Nsa A
The Storm Dying Away.sE
- EsEg- a2FS
Exciting Day at Columbus Ohio.

Money that Makes the Mare Gs.
LONDON, Oct. 3.-Seven hundred and
seventy. five thousand dellars in bullion was
Shipped from Liverpool for New York yes
terday, and $3.50, 900 for Montreal.
New YOrk-Resumptions.
New YoRK, Oct. 3.-The National Trust
Company will resume on Monday. A. M.
Kidder g. Co. have settled at so cents on the
dolisr and resumed. The expulsion of
Grfnnell g. Co. from the Stock Exchange
was caused by their refusal to answer an
important question asked by the Governing
Committee relative to their bankruptcy pro-
ceeding. ~ W
More OF Cookies Promises.
PHILADELPHIA, Oct. ga special dis
patch from Washington says ex- Gov. Cooke
in conversation yesterday announced that
the firm of Jay Cooke & Co. will soon make
a pro position to creditors for the purpose of
enabling It to resume business. The mem
bers of the firm have pooled their private
property and personal assets, and will place
II at the command of creditors in liquida-
ton OF the Indebtedness. They propose to
pay every cent they owe, both principal and
Interest. The details of the proposition
Will be made puolc IN Que time.
Big FURRY at Columbus.
COLUMBUS, OEIo, Oct. 3.-The financial
crisis is the only topic of interest here to-
day. The bankers refused to agree upon
any plan for mutual protection, and this
news becoming public, small depostors
made general run on most all the banks,
making The strain hard one for all. This
D;olzlp1a pank ancrondod Tho
Commercial Bank this morning was known
to be very hard run, but up to 1870 O'Clock
paid small checks and certificates of deDosit.
The business of both banks has been con-
Quoted in legitimate channels, and they
have the sympathy Of the people. President
Sessions, of the Commercial Bank, has
tried to convert bonds into currency without
success, but says the assets of his bank are
worth more than twice his liabilities.
Lateral IL o'clock the Commercial
Bank closed its doors. There is considers
BILE excitement Oh the streets, and other
suspensions are announced.
LATER.-The report that the CONNER
cial Bank had closed their doors ct IL this
morning was premature. This arose from
the fact that they refused to pay large
checks. This bank Is still paying small
checks and certificates of deposit to women
and poor persons who really need their
money for immediate use. Bartlett s.
Smith are also following the same plan,
when they are satisfied the parties mean to
use their money in business. They intend
to discourage run. Other banks are feel
ing hopeful. Several large manufacturing
establishments that feared they would be
compelled to reduce their force, have been
assured by National bank that they can
have all the money they need on their sixty
or ninety days paper. The feeling is more
easy than this morning. One Of the largest
dry goods houses advertise they viii take
thirty days certificate checks in payment
for goods.
NIGHT DIsPATCH.-The feeling in finan-
cisl circles is very much easier than at noon.
Pickley's Bank, which closed this morning,
opened again this evening, and until the
close Of banking hours paid small checks
and certificates to needy persons. They
think now they can weather the storm. The
Commercial banks are doing the same
thing. Bartlett & Smith all day paid small
ckecks, Only refusing to allow the with
drawal of money deposited with them on
certificates. As a member of this firm is en-
route here with large supply Of currency,
they say their troubles are over. Several
other private banks paid all day small de-
posits. The National Banks are all paying
n full all checks presented, and several OF
them at the close of banking hours had more
none on hand than when they opened.
Most of the persons who have thus far
drawn their deposits are those of small
means who know little about financial mat
ters. The merchants e showing their
confidence by depositing all the money not
absolutely needed for their business. Hay
denis Bank and the Citizens Saving Banb
withdrew from the Clearing House Associa
ton this evening, being unwilling to agree
to allow the Association to issue certificates
Hayden's bank has received shipment oi
$4,000 in gold and silver from New
| York.
The Pulse OF Cincinnati.
CINCINNATI, Oct. 3.-This has been 8
day of comparative financial quiet. There
was some anxiety early, concerning the re
suit of the day at the New York Stock Elk
| change but this soon dissppes red in the fact
of favorable news, both from the move
mepts In stocks and the financial field, gen
| ersllv in New Y, rk. The bankers at tbt
close of banking hours to-day were yer!
much encouraged. In the walks of gen
eral business there are still many who lool
with solicitude to the future, but mucl
lsrger number to-day expressed contidenc
in The ability of the country to soon LII
itself from the stagnstion into which it ha
fallen. Nearly all classes, however, ar
growing clamorous for currency resumption
in New York in the belief that it woul'
quickly be followed by resumption through
out the country and the early restoration
confidence.
AZ Dayton.
| DAYTON, Oct. 9.-Finsncial sjtuatio
good; no Suspensions and no symptoms {
any. TIE banks have been strengthenin
daily and discounting only enough to met
imperative business demands.
At Washington.
WASHINGTON, Oct. 3.-No financial el
element whatever now exists. Currenc
is again becoming comparatively plentiful
Few Orleans.
NEW ORLEANS, Oc;. S.-Gold is nom
nal, currency higher. Preparing for ps!
ment of wages tomorrow. Sales at f'
per cent. premium for certified check
Sterling in bank 18!; domestic excbanG
nominal.