Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-20
The Situation Elsewhere.
Run ON the London House.

a Run ON the London House.
LONDON, Sept. 19-The firm of Jay
Cooke, McCulloch 81 Co., of this city, have
paid cash over their counter all day, not
withsLsudiDg the run on the house.
The financial reports in the afternoon pa
pers indicate an uneasy feeling, occasioned
by the nows from New York. The close of
the market, however, finds confidence par
TALLY restored, and at this houT London's
financial condition is sound. There have
been no failures.
ReIp from Paris.
NEW YORK, Sept. 19.-Munroe & Co., of
Paris, csole TO their New York house thai
they will protect all bills of Jay Cooke 81
Co. upon them. They offered thfs morning
to discount Cookies immatured bills at the
bank rate.
Philadelphia.
PHILADELPHIA, Sept. 19.-The follow
ing was posted this morning 1t the door of
Jay Cook q Co.
To our depositors: Some little time is
required to adjust our accounts and to hear
from our different offices, when a statement
will be prepared, showing the condition Of
our affairs which will be forwarded to you
through the postoice. Until then we beg
your Kind indulgence, assuring you that ev-
cry effort will be made to lquidate olIr en-
tire Indebtedness with the least possible de-
lay. Jay Cook q Co.
F Safe banking.
This firm received dispatch this morn
lug that the feeling in London toward Jay
Cooke, McCulloch d Co. is very friendly.
l. mus be remembered that the liabilities
of the London house, unlike those Of the
American branches, are not all due on de-
mGnd, but at regular, well-known dates, so
that they know exactly how much money
is needed eacn week.
Philadelphia Failures.
The following brokers have suspended ::
ii. V. Douglass, g. W. Boyarj, j. II.
Yerkes, John Lloyd, and Gilbomgh, Bond
81 Co, a large concern.
Tha panic has caused run on the Fidel-
ity Safe Deposit and Trust Company and
there is a long line of depositurs drawing
out their checks. TIE directors are conf
dent iu their ability to meet all demands.
The distrust is caused by the suspension
of Messrs. Clark who are prominent officers
of the company.
Bank Runs at Washington.
WASHINGTON Sept. 19.-Hundreds of
persons formed in line this morning at the
Washington City Savings Bank. There
was also run on the Bank of Washington
adjoining the Savings bank.
There was 8 run on the FreedmaDs'
Savings bank; the officers say there is not
the slightest dagger. Al demands will be
promptly met. The National Savings bank
has taken advantage of the provisions of
their charter requiring depositors TO give
thirty days notice of withdrawal. There
is comparatively very little excitement 10
the neighborhood of other banking houses.
Cincinnati Keeps Cool.
CINCINNATI, Sept. 19.-Tbe news of the
New York failures has been sought to-day
with great deal of interesi, but has pro.
duced 40 excitement. There is feeling Of
general security with reference to our
banks here, and no apprehensions are felt
concerning our dealers generally in stocks.
| The transactions in stocks during the last
one or two months are said to have been
unusually small. The impression appears
general In our financial circles that the reg
ulsr business interests of the country will
| not be seriously affected.
Chicago Panicky.
CHICAGO, Sept. 19.-Tbe New York
panic creates considerable excitement and
has had the effect to unsettle the grain
market and depress prices.
New Orleans as Quiet as Usual Under
the Kellogg Regime.
NEW ORLEANS, Sc t. 19.-Thsre is much
anxiety in commercial circles regarding the