Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-20

many settle outside without SuSpcrding. The
Exchange had - many stocks 90 sell under tbs
rule that It was Impossible 70 DO it ard NJ
with the current business
BANK cF SoETu ANEEtCs SUSPENDED.
NV NoRK, Sept. m.-i.OS O. m--The Bank
Of NoIth America has suspended.
SURGrNG CROWDS.
NV YORK, Sept. 70, 1902. ni.-At this hour
wall. Nassau. New and Broad streets. Ant
Exchange Place and lover broadway,
recalling the scenes OF the firing on FOft
Sumter or the July riots. A general feeling
of relief az the closing OF the s.ncN ex-
change is expressed by the brokers. who are
glad Of escape. through any means, from the
will probly opeE on Monday. Gold frmer, and
| advancing. under Washington advices relative
10 a further issue Of currency. The price II
NOTICE FROM THE CLEAEISG-BoUsR.
The following notice has been issued by the
clearing house: ''Notice is hereby given that
general clearance cannot be effected this day,
owing TO the fact that many OF the dealers aud
nlmpossible TO get their checks certified in q
| proper manner. All statements, tickets and
| checks will be returned q Tue dealers ON annli-
| cation 10 the bank.
sl0,CaO,OOO IN loan cERrtFrcArrs.
| NV YORK, Sept. 2O.-The hank presidents
at their meeting this afternoon pasSed a res,lu-
ton TO issue Immediately ten millions in loan
| certificates.
| THE NATIONAL cANE OF THE COMMONWEALTH
GONE.
NEW YORK, Sept, 2o.-The National bank OF
| the commonwealth has Just suspended.
RUN ON TIRE FOURTH NArtONAL RANK.
| NEW YORK, Sept, -, y. m.-The run en- the
| Fourth Natioral bank continues, but up to this
hour the institution Is paying all demands.
| THE EXCITEMENT IN WALL STREET.
| NEW YORK. Sept. 2l.-The excitement IN the
| Stock Exchange which followed the suspen ION
OF the UPion TrJst company ana the bank OF
| Commonwe attn was beyond icgcription. The
exchange re embed a mad house, and the
streets were blocked with PEOPLE, all labOring
under great excitement and frenzy. Prices tum-
| bled from to l6 per cent, and stocks we're
slaughtered without any apparent regard -
value. Cheer upon cheer ionswed from the
brokers wheu the Stock Exchange closed.
ADDITIONAL SUSPENSIONS.
| NEW YORK, Sept. 20, 1l:i5 "A. NEW sus-
| pensions: faussig n Fisher, 7. NJ. Meyers. Mil
| Ter Il Walsh. Lawrens Josephs. Fearing x Dell
finger, Williams Il BOstwick, and L. q. Broad
head.
A pEFALcATIoN
| exists in the Union Trust Company; cannot say
TO what extent.
| THE RANK OF NORTH AMERICA
NEW YORK, Sept. 20, l:5o p. m.-The certih-
| ca1iops of the Bank OF North America have
| been drawn out of the clearing house, which
| gave rise 10 the rumor OF its suspension.
Ihk MON MON TsJsr ooNFhNl DErALc ALTON;
| Union Trust Company amounts TO $500 900.
The secretary, Charles r. Carleton, Is said 20 be
the defaulter. He has not been seen since yes
| terday afternoon.
| THE NATIONAL TRUST COMPANY
say that they could have kept up payment TN
| came on the street with an amount of currency
| skies, but could find no buyers except at a dis
| count OF 80 20 40 per tent. and they refused 70
| sell at such sacrifice, and suspended for better
| protection of themselves and customers. Have
no advances on railroad securities.
THE BANK OF CoMMoNwEALTH
says that "the run on the 4th National Bank
Ir7nipitated on Us, and one OF our customers
lEdwerd Haight ~ CO.. Overdrew their account
10 the amount OF S2CoOC0, and did not make it
coed 20 the extent of Si7a.oo1. Under these
circumstances we thought il best 20 suspend"
| STOCKS OPENED
with an advance of 20 on the governments
| II m huf
fell to - on the failures OF the Onion Trust
Company and of the Commonwealth.
| THE DEFAULTING SECRETARY.
NEW YORK, sept. 20.-Carlton, the default.
ing secretary OF the Union Trust Company, had
made loans 10 friends and relatives, on securi-
| ties which were regarded ~ doubtful, Including
a loan of So, COO 10 his father, Rev. DR. CARE
ton, of the Methodist Book Concern notDrieiy.
The secretary tor one loan Is good; the others
| are OF no value.
ALBANY, Sept. 2o-lt Is rumorcd that the
banking house OF Squires * Son, OF this city,
| he's suspended.
| LATEST STOCK QUOTATIONS..
NEw YORK, Sept. 30.-The follow ing were the
latest stock quotations before the closing OF the
board, as well as could be ascertain i:-P Jck
Island, 81, cash; Ohio's, y; New York Central,
| g; Western Union, s.; Pacific mail, %; Lake
Shore, %; Union Pacific, Is; Harlem, 1Cl; Erie,
Il. st. Paul. '2Ai C. C. and c. 20 Wabash
s2.4s3,OOO BONDS ACCEPTED.
| NEW YORK, Sept. PSI As, 900 OF bonds were
accept / rom 100 70 llI25.
| STATE BONDS.
| There have been no transactions IN state
bonds There was no price for money before
| the closing OF the stock exchange. Since then
| il has ruled at per cent. cur rency. there being
no demand fer il, as no stock transactions have
taken place.
| HALF MILLION DRFALoATIoN
1 NEW YORK, Sept. 20, lbs p. mt is now re-
| ported that the defalcatiops in the Union Trust
Company Will amount = iullya half million OF
| or ideTable time, and were committed by one
Of the officers. While the story is generally
| CT lit d, il is deni by others. The culprit Z
| reported to have fled the city this morning.
UNION TRUST COMPANY RKvGvING.
/ NEw YORK, Sept. 20.-Checks drawn upon
| tao o'clock being cashed by the Manhattan
CLOSING Pr1cR oP GOLD.
| NEW YORK, Sept. 2l.-GOld CLOSED at fIIZ.
The payments that are being made by the Man.
haitian Bauftng Company on account of the
Crton Trust CONF my are on checks drawn di-
against money deposited by the Trust Com
pany.
The Situation In Philadelphia.
| PAILURE OF THE UNION BANKING COMPANY.
PHILADELPHIA, Sept. 20.-The Union Bank
ing company have fsiled. This bank is a state
chartered affair, and bore heavy run yester-
day.
TIE SUSPENSION TEMPORARY.
| PHILADKLPHIA, Sept. 20.-Ibird street is
comparative quiet this morning. The run on
the Fidelity Trust company has almost sub
sided. The Union banking company, at 4th
| and Chestnut streets, did not open today, but
| placard on the door stated that owing 20
| heavy demands a suspension of few DAYS had
| been rc- olved on. IL sustained a heavy run
| yesterday, paying out about 100000. II is
| state institution issuing no nOtcs, aud its sas-
| pension only affects depositors.
| AT JAY COOKIES BANK
| matters are progressing quietly, the clerks be-
| ing busy in preparing a statement, which " n
| be laid before fhe meeting OF the members Of
| the firm, which canrot take place uuil aa,er
| the Prrival of the steamer Ru. sia, on bOsrd of
| which two members of the firm are pas engcrs.
| The Russia IS expect q 70 atIive on MOnfay.