The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-10-01
TELEGRAP.HE]'T!.C. I ]
The Situation Still very
Critical.
Much Feeling Against Cool
baugh's management.
Proposition to Issue City
Scrip in st. Louis.
More Gold Coming from
Europe.
The Yellow Fever still
holds its rule.
Amount of Grain at Impor-
tant Points.
Great Masonic Celebration
in Philadelphia.
Other items of News.
More Gold Coming from
Europe.
The Yellow Fever still
holds its rule.
Amount of Grain at Impor-
tant Points.
Great Masonic Celebration
in Philadelphia.
Other Items of News.

Other 1tems of News.
New YORK, Sept 30.-WalI, Broad,
and New streets in front of the several en-
frances to the Stock Exchange. were
crowded this morning as the hour of open
ing approached When the doors were
| thrown open shortly before ten o'clock,
members and spectators rushed in, filling
the floor of the Exchange and visitors
! gallery. Numbers closed around the
President desk, cheering vociferously and
waving hats. Promptly at 10 o clock Pres
ident Chapman called the brokers' to or
der, and at once all became silent. He
then spoke to them as follows:
We have met again after a very mo-
mentous suspension for the purpose of re-
suming business Your action in the in
terim has met with universal appreciation,
and has been most satisfactory to your
selves Business will be carried on under
committee All ask now is that you help
each other to bear the burden that has
fallen upon US, to so conduct business as to
enable the Exchange to carry on its work
successfully.
Loud cheering followed the address and
business was begun. Good feeling appears
to exist
Henry J. Brooks, a leather merchant,
has suspended owing to the present fl
nancial troubles. He hopes for an ex-
tension Of time from creditors, and he will
resume.
The impression prevails on the street
and Change that all the leading houses
will pull through, on which event better
feeling will be infused throughout financial
circles.
WASHINGTON, Sept. 3O.-There is an
improved feeling in financial circles
Banks and banking houses outside the COM
bination are doing an increased business,
while those in the combination are certify
ing, declining to cash the smallest check
FAINT, Washington & Co had paid three
tourths OF their depositors last week
when, owing to their inability to realize on
! ample securities, they were obliged to sus-
pend payment. An arrangement has
nearly been perfected with the remaining
depositors bywhich they expect soon to re-
sumo business.
CHICAGO, Sept 30-The Tribune this
morning contains card from G. A. Ives.
cashier of the Union National Bank, an
nouncing that that institution has by an af
tirmative vote of its shareholders owning
more than two-thirds of its stock, been
placed in liquidation under the provisions
OF sections ~ of the National currency
act. The holders of its notes and other
claims against the bank await the result of
this action on the other banks with deep
interest.
Although the whole community was this
morning rendered extremely nervous by
the failure of the Union National Bank.
the outlook is now most cheering. There
has been no insane raid on the institutions
which resumed, and business progresses
quietly. The Third National is preparing
to reopen. The Cook County has paid all
demands and rumor assigns to Mr.. Allen
| the vacant leadership in our finances.
CHICAGO Sept 30.-The public senti-
ment respe citing the action of Mr.. Cool
baugh is very bitter, and there is little
doubt but that the Union National was yes
terday the victim of raid from friends
entranged. The evening papers denounce
the resumption for one day as a criminal
folly. No authorized statement of the af-
fairs of the bank has yet got into print
The journal says the institution will sur
render its charter.
ST, Louis, Sept 30.-The City Council
has passed an ordinance authorizing the
issuing Of three hundred thousand dollars
treasury scrip with which to pay the cur
rent expenses of the city during the lock-up
of currency. There is much difference Of
opinion among business men as to the ex-
pedlency of the issue. some holding that
1t will work harm by pushing that much
currency out of circulation and it will
greatly depreciate and will be ignored bv
the banks,while others think it will relieve
the present pressure for currency, afford an
additional circulating medium and do great
good
COLUMBUS, Ohio, Sept. 3O.-The First
National Bank, of Mansfield, suspended
held on deposit fifteen thousand of the
State Board of Agriculture.
LONDON, Sept 30.-The ESQ. 900 drawn
from the Bank of England on balance. to-
day, is for shipment to New York.
SHREVEPORT, La, Sept. 30.-No mark
ed change in the epidemic TO-DAY. New
cases probably more numerous than YES
terday on account of the unfavorable
weather. There were seven intermepts,
MARSHALL, Texas, Sept 30.-A yellow
fever panic prevails here, although but
three residents of Marshall have been at
tackled with the fever Two of these died
last week. The other is recovering.
New ORLEANS, Sept, 30.-Drs. Austin.
Scott and Smith, committee of the New
Orleans physicians, telegraph from Calves
ton as follows: After the conference held
with Dr. Peete and the medical profession
Of Galveston, Dr. Peete has concluded to
.aise the quarantine against New Orleans
TO take effect tomorrow.
MEMPHIS, Sept. 3o.-Fourteen yellow
s levef E lnterments to-day. Weather cool
CAIRO, Sept 30.-The health of the c;tv
Is improving. No new cases are renorted
and all but one of those sick Of the fever
are reported out of danger.
CAIoAGo, Sept, 3o.-Seven 6undr.,s, dol
lars were to-day forwarded "a Shreysrort @ - Mort,
by the telegraphic transfer.
DEsMoINEs, Sept. 30.-Thcre are over
500, 900 bushels of corn now in store along
the line of the Rock Island railroad own.
ed BY one man.
CHICAGO, Sept, 30.--Chicago elevators
contain S,l68,645 bushels Of grain, embrac-