Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-09-20
TELEGRA PH.
ESPECIAL DISPATCHES TO THE GAzErTE.]
THE GREAT FINANCIAL CRISIS. -
ST NJ FURTEf Err FAILURES.
CONTINUED EXCITEMENT &c.

WASHINGTON, Sept. 20 qucter feeling
prevails in financial circles to day, and couf-
dence iu the various banks of this city is great
y restored. Everything is quiet at the bauk-
ing house of Jay Cooke & Co. The runs on
the banks mentioned III your dispatches yes
terday, have nearly ceased, there being very
few in line at the Washington City Savings
| Bank, all seeming perfectly satisfied that their
money is safe, which feeling is caused by the
promptncss with which all demands were met
yesterday. The run CD the Freedmens Savings
Bank continues this morning, but not near so
heavy as yesterday. The officers Of that insti-
tuition stated this mCrning that they had paid
out large amount and still have a large sur
plus remaining on deposit 1t is thought that
the order tclegraphed to the sub-Treasurer at
| New York at midnight last night by Secretary
Richardson to purchase 100000 Of bonds
to-day will effectualIy break the panic putting
large amount of currency in circulation. No
further runs are reported,
PHILADELPHIA, Sept 90 The Union Bank
ing Company have failed. This bank is a
State chartered affair, and bore heavy run
yesterday.
LONDON, Sept 20-l2:3O p. m.-Ncws just
received from New York by cable causes a bet
ter feeling in American securities.
New York, Sept. 20-Thc suspension OF
Fisk T. Hatch is said to make probable the EN-
barrassment Of the Iobokcn Bank for savings.
A defalcation of nearly $40, 900 was discover
ed in this back lately and the directors dispos-
| ed of some securities to make up the deficiency,
deposi,ing with Fisk 4 Hatch for safe keeping
| 1914 900 of the amount realized The suSpen-
| sion of that firm makes this SUN unavailable
| at present.
New YORK Sept 20.-The Court Of Gen
cral Sessions was adj ,urned early yesterday to
give the jurors aud court officers an opportunity
to look after their bank accounts and securities.
Il number OF kilograms were received at the
Postotfice yesterday requesting the Postmaster
to withhold the delivery Of letters bearing the
stamps of the firms sendiug messages aud which
were addressed to Jay Cooke q 20. The Post
master could not comply with the request as
the postaI regulations provide that after let
ter has passed FROM the mailing Office the de-
| livery of it caunot be prevented or delayed by
the alleged writer.
New YORK, Sept 20-Bankers and brok-
ers who generally do not come to business till
ten clock are agan Fastening TO Wall street.
| The feeling of socitude is, however, less tina
yesterday morning.
Confidence prevails this morning based on
the determination of the banks to stand by
each other aud Secretary Richardson's order
| to buy ten million bonds to-day.
| PHILADELPHIA, Sept. 20.-Third street is
com paraliveIy quiet this morning.
The run on the Fidelity Trust Company has
almost subsidized. The Union Banking Com
pany at Fourth and Chestnut did not open to-
day, but picard on the door, stated that ow.
ing to heavy demands, suspension OF few
DAYS had been resolved on. 1t sustained a
| heavy run yesterday paying out about S1OO,OO0:
It is State institution issuing no notes, and
it's suspension only effects depositors.
AT Jaw Cooke bank matters are progress
ing quietly, the clerks being busy in preparing
a statement which will be laid before the meet
ing of the members of the firm which cannot
take place until after the arrival OF the steamer
Russia, on board of which two members OF the
firm are passengers The Russia is expected
to arrive 90 Monday.
New YORK, Sept 2O-l0:3O a. m.-Ihe
Union Trust Company has suspended payment
They announce that they will resume payment
on Monday. Crowds have been around the
door siuce morning.
The stock market opened little better, but
went off again. Some failures are announced.
New York. Sept 20.-The failure OF 5. u.
White q Co., Is announced.
Tie report tclcgraphcd here yesterday that
the SUSPENDED brokers, L. D. Randolph Il Co.,
we're bankers of the Pennsylvania Central IL.
h. Go. is Incorrect. ~.
The following notice is posted for the Union
Trust Company 10 consequence OF the large
amount due the company on call loans not haV-
ing been paid this morning the company nave
been obliged to suspend payment until Monday
morning al 9 cock.
New York, Sept 20-A. G. White failed,
not S, B. White, as before stated.
The failure oil f. c. Brodhead and ketchem
& Bclknap are announced
Stocks feverish Most of the sales are for
cash, at two to three cents below the re-
pular TRANSACTIONS Governments very weak
' BosToN, Sent. 2O.-On Wednesday the
firm of Horace Conn Il Co., of oburn, Mass,
extensive leather manufacturers suspended pay
ment. Their liabilities amount to SiOo,OOo,
and t is estimated their assets are SloU,UOO.
Since the suspension, Conn, the senior part
ner, has dlsappearcd, causing great apAlely ~
his family and friends Search has been made
in all directions. m,
New YORK, Sept. 20-11:3O a. m.-The
meeting of Jay Cooke Il Co.'S creditors an an,
nouuccd for to-day does not take place until
Monday. u,-
New YORK, Sept. 90 noon. brown, Wads-
worth L. Go. have failed.
New YORK, Sept. 20. 1T is impossible to
give any quotations for stock as they have
been thrown III blocks upon the mar ket to real,
ize what ever they could fetch, as they are sold
out under the rule.
President Chapman OF the Stock EXchange
hos ;ssued an order forbidding all outside ope
rations of members under the penalty OF expul-
sion.
The Exchange will not be convened except
on his order.
There were thirteen proposals to sci! bonds
70 the government at the Sub-Ireasury aggre-
Eating So 672. $50 at from 100 to ll2.
II e stated by the Clearing House, that the