The New York herald., 1873-09-22

hG O11GUl Ia
national bonds for it. II this was Illegal as the
body suspend before he would put such a prece-
dent Ia existence OF q President OF the United
to the wall, but preserve the national honor. what
sxamPe 2. would 70 BE- when @ corrupt
the example Of putting himself AGAINST tSe cons
tuition OF his country
At the Ashland House, where the HERALD re.
porter called number Of Western men were ex-
pressing their opinions in no measured terms OF
present crisis. Said one enthusiastic gentleman,
~ almost feel contempt ior the rulers or
they now refuse to help are the men who
furnished the money that saved for US our country
as s Go S % n
to whether the North should prevail against the
South but they said we T WI ysnm Try and WIN; we WIN
nothing private investments Will have TO row In
the same boat"
one gentleman said he did not think the pres
sure had begun be felt out West yet; but he was
something and that very quickly, the ives, onH
that some Of them would lose uy the deai.
THE SOUTHERN MEN
some few Of them, who have money deposited IN
New York, are greatly exercised rs to what they
% money mo here for the paying r
debts to Northern merchants for goods, and II they
SSS + e srss nssa ss SsT
Of OFT this 1'tT Trouble Would have been saved but it
lor her secession &C ts what aOes this great land
grant to the Pacific Railroad amount to People
were swpdled into the belief that 1t would secure
them fully for all Investments, but 1t ls not so.
1t was bubble, and has BURST Let the govern
ment advance money. that will stop this panic.
Buying bonds at par Is a poor remedy People are
not apt to sell at sacrifice to help STRANGERS God
knows what Monday win bring me, said On old man.
In hasA Uent a
hard facts of the case OF little use they want
to see the government take quick and effective
action In the matter, and they say they are willing
to abide that issue.
Wall street OLA tho Sabbath.
Stately Wall street, with Its grim and gloomy
buildings, that on Sundays frown down on the
casual passer, presented yesterday scene at once
striking and unusual The quiet that pervades this
street on the Sabbath was broken by on innux OF
curiosity mongers who came to view with OPEN
eyed wonder the scene Of the nations treasure
| boxes, and where for the past few days scenes
have been enacted that have shaken to
he foundation the fortunes OF the mer-
chant princes and bankers Of the New World.
| Fortunes so colossal that were believed to
be impregnable have been swept away like chaff
| before the Winds But, at last there seems to be
a surcease of the agony; and, though men who o
| few days ago counted their fortunes by millions
| are to-day beggars, there is ut least mental
| quetness they have not known for weeks; and as
one glances at these whilom millionaires there
| seems to be q firm resolution on the face OF each
to again put their shoulders to the wheel and see
| what Dame Fortune intends to turn up for them.
WALL AND BROAD STREETS YESTERDAY.
| From an early hour Wall and Broad streets were
visited by large number Of people who stood at
the street at the foot OF the SubTreasury
steps.
Many carriages were seen driving through the
| street, many of them containing members Of the
fair SEX who looked at the celebrated place, and
GG Gssa all sse Tef nS 20 shs %
long OF stock and short OF gold"
DRAMATIS PERSONAL.
one , Of those a wicked colpes ~ as
and some highly respectable looking gentleman,
with white necktie, looking Of Qldst religious
turn OF mind would enter his office, pull down the
blinds OF the windows opening on the street, light
o cigar. If Of sanguine turn Of mnd and then
concluding his operations by opening his safe and
looking at sundry balances In the ledger
mysterious visits of 'lame ducks as they irrever
emily termed them. Many nrms on Saturday had
to ton midnight and past, and the 5rignt lights IRON
tho windows gave wall street novel appe aranc'
BANK OF NoITH AMERICA.
the repor!sT called at the Bank an 81 North Amert e,
rumOr that the bank had suspended payment on
SatO day was incorrect and that the doors Will bf
| opened this morning as usual. The trouble Was
brought about by the Bank OF New York. at half
past twelve on Saturday, refusing the certified
checks Of the bank which they declined to receive
on derosit. The shares Of the Bank OF
| North America sold on the 10th inst. at 102.
| The Bank of North America was established In
1851, and mas capital OF $1OooC00, and possessed
at the commencement OF this year surplus fund
Of 1855 The President Is Mr.. John J. Donaldson
w. Dowd. Vice President formerly OF Dowd, Baker
Whitfield; Mr.. J. Beardsley, cashier. There
are ten directors, among whom may be mentioned
Messrs. Donaldson, Watson 4. Case, Hosford, Dowd
ana Mr. Leonard.
THE NATIONAL BANKING ASSOCIATION.
The second visit paid was to the National Bank
ing Association OF Wall street, where several
clerks were at work. They declared that the re-
port that the bank had suspended was incorrect,
as all checks presented on Saturday had been duly
paid and that this morning business would be
carried on as usual. The capital OF the National
Is President and Mr.. M. r. Reading cashier.
| ExPECTED ARRIVALS.
The arrival OF Mr.. Pitt Cooke, OF the firm OF Jay
protracted European trip is expected at an
early hour this morning by the National steamer
Egypt. The vessel lett Liverpool on the 10th and
may therefore be considered due.
The Hon. Hugh McCulloch, ex-Secretary OF the
Treasury, anc now OF the firm OF Jay Cooke, Nc
CuIluch Co., OF London, also accompanies hr.
Pitt Cooke.
THE CRISIS THROUGHOUT THE
| NrYNyn1xy