New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-26
BANK FAILURES.
Order. to Purchase Bond. Exhausted.

Orhefs TO IUfchGsc Bonds Exhausted.
NEW YORK. September 25.-Assistan.
Treasurer Hillhouse says he has exhausted
his orders TO purchase bonds. and will awai:
further instructions.
Dry Goods Trade sound.
The dry goods merchant. report trade
du.: bu. sound. The rumo.s OF failures
among them are g-aundle...
Hoper.l.
Tie morning journals take very hopeful
view o; the financial situation this morning.
anG the general Impression j. .ha: the panic
Is over.
Securities.
I'll. Il. .;nba:- OF the JAY Cooke firm meet
daily. al.,. hay: decided nOr to sacrifice
.hc.v s"ourItie. II order - meet their obi.
cations. cu: - avail: the restoration OF
public confidence.
Mg. Iowe. of Hovs> i Marcy. saws they
hav. the best OF securities. but don, pro.
pes" 20 sacrifice them a. the current rates.
secretar, Richardson.
Secretary Richardson telegraph. that his
duties REQUIRE his presence in Washington.
He cai. ;lct met: tn. l..ayin: House com.
m.tt.e IN New York.
Improved Feeling.
:; =. N-Ihe feeling continues - i'm.
prove. The run on the jersey City Say.
lngs Bank aa. ceased. Cold closed at
ILL.,.
The sUperin .enien. o. the Ciearin.
Hous. states that about $4,000 of the
new loan certificate. have been issued.
Stock Exchange.
Ine govsrnin. committee Of the Stock
Exchange met to-day ior the purpose ci de.
v!sin: some plan !oc clearing stocks. A
committee OF seven was appointed and tne
brokers requested ~ sea,. il tacic state.
ments.
Resolutions Of the Produce Exchange.
WHEREAS. Th: cr!,!ca! condition Of the
commercial! interest. of the country re-
GU,re. Immediate relief h- the remova! OF
the block IN negotiating foreign exchange:
therefore. be II
R'.D'r.6. That ". respectfully suyyes: to
the Secretary o: the Treasury the following
plans :or relief in th:. emergency:
k!rst-Ihat currency be immediately il.
sI,e': :" banks OK banker. upon satisfactory
evidence TIA. gold ha. been placed in
specla. deposit In til. Bank OF England by
tte.: correspondence. n London 70 the
cre!l: o. the United States. to be used
so.ely IN purchasing Comu.eGc!a, bills o:
exchange.
SeconI-Tha: .he l'-asiien. and Sec:e.
ta!v o. the Treasury are respectfully re-
.iU. steG 20 Orde. tie Immediate prepayment
VI 'HE !DdB "a Aa.t AEIICA
States. du. January !, Isl.
\ Terrible Hewsboy Furnishes IN Item.
i newsbcy was arreste: Today for libel.
ousl: CRYING Out 'Suspension o. the First
National Bank. bct was released or ex-
planning that h. meant :le Fist NatioUa!
Bank 6. Memphis.
Action of the sfoci. Exchange.
~ case. .: bankruptcy .-.!a:: suspend.
Ing ba:,ke!..
.nc governing committee q: the Stock
EHcnaligr this afternoon appointed a sub
coiuin.ttea ot seven - arrange plan :oc
c.earin: stocks.
The banks in the C.ea,in. House Assoca-
:.ol are poclIn. tlei. green backs. d, agreed
yesterday. One or two which stood excep-
tIonail. strong refused az first t" pu, their
le..! tenders IN. but finally concluded 20 do
:" .atae; than be expelled from the asso-
CIatiOn.
Money !. .til. unoIo,aiie. GreenbacRs
nave been exc hanged today tor certified
checks a.. the way from one TO tGree ana a
hal: premium. The loan committee of the
Clearing House have .s.ued up to tonight F..
81. osJ.ODJ o: certificates. a proposition
has oeen advanced T. open the Stock EX'
cnange for business. leaving th. settlement
Friday, and Saturday, business and sales
under rule IN abe yar.c.
chance - buy stock. and bginy money !ato |
the street. !
The creditors 9: the National Bank o. the |
Common wealth held q meeting thI. after |
noon. but, pending Investigation bv tae re. !
;esve1. ~" action Wa. taken.
Rates at Closing.
Gold carrying .ate. Sal. Clear iags 90. |
lay SIS, 10000. Customs receipts 5000. |
Foreign exchange unsettled prime bank
er. sixty day bills "a 51.. Commercial 3 |
q j. 1t is estimated that s!s00, 600 il gold |
las been shipped iron. Engla to New |
York since the panic ce.un.
The actual disbursements cf cceenbacks |
or the purchase OF bonds bv the sub-treas- |
Try since Saturday were si3. 3.3ot0eo.
Cincinnati Clearing House.
ClscINSATr, September 335.-The Clearing |
House Association has just adopted the to! |
owing resolution:
Resotred, That for the protection of our I
commercial interests, and for the purpose |
# preventing the drain of currency from |
he banks and bankers Of this city. We do |