Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-24
Foreign Exchange Experiences a
Heavy Break, and Declines to
los, with but a Limited
Demand.
President Grant, Ex-President
Johnson, and Other PrOmi.
nent Persons Caught by
the First National
Bank.
Defaulter Carleton, Of the Union
Trust COmpany-Excitement
on The Streets Bank
Failures Elsewhere.

New YORK, September o. - A
Washington dispatch says that the
most prominent depositor in the first
national bank of that city, next 70 Pres
ident Grant, was Andrew johnson. In
the first national he has always kept bis
accounts since be was made President,
aud 1t will be remembered that while
General Butler was making an investi-
CATION of the causes which prevented
the Impeachment Of Andrew johnson,
the lStter's bank account WaS pried into;
aud il was found that his worldly
wealth did not exceed seventy-five
thousand dollars. At the timeof the fail
ure Ofthe bank Mr.. Johnson hsIi six thou
sand dollars to his credit, on which he
was receiving six per cent. interest,
which was bis only revenue. Should
the bank be unable to discharge its obli-
CATION, contingency by no meSns i'm
I probable, Ex-President Johnson will be
almost penniless. Another case, which
| VIII excite sympathy, is that OF Mrs.
/ John q. Wilson, whose husband, a
member Of congress, elected from Ore
/ eon, recently died. Mr. Wilson had
I $1,000 on deposit in the bank when he
/ died. and arrangements were being
made by Judge Williams and Senator
Kelley to obtain the money for the
widow, who is wholly without means,
and Is now teaching school 10 support
her family, The Smithsonian insti-
I tute had $4,000 on deposit.
The childrenis hospital and benev-
Olent institute, which had done great
good in Washington, had $l9,O 200; Judge
Macarthur of the district court, lost $40
go; Senator Patterson, of South Caro-
lima, it is said, lost Sl4, 600 in one Of the
suspended banks; Admiral Rowan had
5000; the widow Of the former navy
agent had Sl7, 900, proceeds Of the sale
Of all the property she had, and il is
said Geo. Hunter had a large balance
TO his credit. Even Mr. Knox, collector
of currency, whose money was in the
bank, said he hadn't money enough to
go to market with the day after the sus-
pension.
THE BOND SELLERS.
General Hillhouse has declined to
give the names OF the sellers of bonds,
on the ground that some of the sellers
are connected with savings banks, and
TO announce that they had sold bonds
might bring discredit upon those banks,
which the facts do not authorize.
THE STOCK EXCHANGE.
The governing committee Of the stock
exchange have decided not 70 open the
exchange to-day.
THE GOLD EXCHANGE.
The gold exchange is open, and the
regular transactions are being made.
The excitement on the streets seems
TO be ceasing and wearing itself
ont, and a better feeling appears to
exist. The brokers have cOngregated in
front Of the stock exchange and formed
a street market. All sales being for
cash, the following are the quotations:
Central, 9l@92 bid; Harlem, los bid and
10 offered; Lake Shore, 50 bid; Wabash,
SO bid; Rock Island, 8S bid: st. Paul, IS
bid ;.OhiO and Mississippi, 80 bid; Union
Pacific, 2l622 bid; Cincinnati, Colum-
bus and Indiana Central, q bid; Han
nibal and st. Joseph, 20 bid; Western
Union Telegraph, 66 bid, 20 offered:
Pacific Mail, 344(9349 bid. The news
for to-day is that the sub-treasury DUP
chased $3.50, 900 worth of bonds. The
Union trust company are sill prepar-
ing the statement, which they expect
will be made public late to-day.
The clearance Of the gold exchange
hank are completed, and the balances
viii be paid as usual. The assistant
treasurer has received twenty millions of
greenbacks from Washington, and is
ready to buy all the bonds offered.
Eight millions of the ten million loan
certificates issued TO relieve the banks
have been taken up, and IL expected
that the remaining two millions will be
taken up to-day. In that event addi-
ional loan certificates will be issued.
Gold closed to-day at ll2a. The assist
ant-treasurer to-day bought s., ,2O5, 900 Of
bonds.
THE UNION TRUST COMPANY.
The statement that a petition had
been filed to have the Union Trust COM
pany adjusted as an involuntary bank
rupt and that the papers In the case had
been forwarded to Judge Blatchford. is
officially denied by Vice-President
Sehell.