The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-09-25


will be put forth in their behalf
The freight train just arrived from Rich
nond (G:30) consisted OF two cars only,
there being an absolute stagnation in all
sorts of business on the streets. PEOPLE
have remarked to-day that the town pre-
sented almost q holiday appearance, so quiet
was business in all its branches.
Our people are awaiting breathlessly the
progress of the panic. Should the storm
be stared elsewhere. and the mercury in
Wall street indicate no further agitations or
"storm areas" there viii he speedy return
of confidence here. and with it 4 resumption
OF business operations.
AS to the causes of the panic, l have had
no occasion to change the views expressed in
my communication Of yesterday, and I be-
lieye they are generally held by the well-in-
formed.
It is not known that the two officers Of the
Treasury who are in the city to-day have
taken charge of the suspended national
banks. 1t is only known ihas they are here
to take whatever steps are proper in the pre-
misses. ROBIN ADAIR.
BALTIMORE.
BALTIMORE, September 24.-Brown, Ian
caster Il Co., well known bankers of this
city, and agents OF the Chesapeake and Ohio
railroad, having branch houses in New York
and Richmond. suspended this afternoon.
The firm state that the suspension Is caused
by an unexpected and unprecedented run.
THE SITUATION ELSEWHERE.
Telegrams from various points indicate IN
improved feeling, though accompanied by
some uniayorablc reports. In Philadelphia
all the State banks that were under tenn
porary difficulties have resumed, except the
Union and the Citizens, which will soon re.
sumo. All the national banks stand firm
\ dispatch from Wilmington. Del, states
that McsSrs. John McLelr & Son. bankers.
and Delaware agents for Cooke & Co., had
suspended. Reports from Trenton, \. j.,
are EiYorablH, with no failures. The run ut
Albany, y. T., has ceased The news of the
failure Of Clews Il Co. hati depressing in
tluencc in the grain markets (Chicago), but
there were no failures and no runs on banks
of any kind, and all demands were paid with
out asking notice.
There has been no disturbance in financial
affairs in Cincinnati, aud nothing llas oc-
Cured outside the ordinary routine, except
the rumor that ten millions city bonds for
the Southern railroad had been negotiated in
New York through German house.
MILWAUKEE,, September 24.-The Chamber
of Commerce has adjourned to the 29th in
stant. Resolutions adopted don't interfere
with former contracts, but recommend that
all outside trading cease.
CHICAGO, September 2I.-The bank clear.
| ances are good. a comfortable feeling pre-
walls.
WlLKEsBARRE, Pa, September 24.-Brown
& Gray have suspended. They attribute
| their failure to Henry Clews IL CO. The
| miners here were large depositors with
| them.
WASHINGTON, September 24.-The Freed
mans Savings Bank arc enforcing the thirty
days notice from depositors.
THE BALTIMORE BANKS.
| The Association OF the Banks of Balti
| more, acting with the determination TO re-
| lieyc the money pressure in behalf OF the
| business community rs far as possible, yes
terday resolved to adopt the plan of the
| New York banks for i>slling loan-ccrtiticate:
| representing scyenty-five per cent. Of bills
payable or other securities deposited by any
bank with Il committee appointed for tht
| purpose. which certificates Shall be used in
settlements at the clearinghouse and be re
| ceiyed by creditor banks. The arrangement
| is not to extend beyond the lSt of NovCm
| Der ncXf. the certificates mean time bearing
six per cent. interest. When Government
bonds, gold, or gold-ccrtit !atcs are deposit
Cd, the clearinghouse certificates are to re.
present the par.
THE UNION TRUST COMPANY.
Augustus Schcll, vicc-pTesiGcnt of tue
Union Trust Company, officially denies that
| 4 petition was filed in the Uaited States Dis.
| trlct Court to have the company adjudicltcd
an involuntary bankrupt. Rev. DR.. Carlton
father of the detluting secretary OF the
| Union Trust Company, who was in the Office
of the company when his son took his final
departure on Thursday, says he seemed to
be nervous and excited, and when not sign.
ing checks he conversed with tears rolling
down his cheeks. His father ascribed his
condition TO grief at the loss OF his wife
who recently died. just before noon he said
he had to 90 out, and took his hat and left
since which time he has not been seen.
1t is the opinion of Dr.. Carlton that his
son has been crazy since III" death of his
wife. 1t is said that 10 Hort has been
made by the Trust Company 10 secure the
arrest of Carlton. 1t is understood that bis
friends are aware Of his whereabouts. At
tachments have been issued against bis real
and personal property, and an investigation
is in progress. The Board OF the National
Trust is also in session, but have arrived at
no conclusion. Petition oi involuntary
bankruptcy has been filed against the Union
Trust Company.
ATTACHMENT OF HATcH's PRorGETY-HIS 1Ew-
PORT RESIDENCE AND THE YACHT EEs0LuTE IS
THE SHEKIFFs HANDS.
NEWPORT. 4. l., September 21.-The pro.
perty in this city Of \. ). Hatch, OF the firm
of Fisk l. Hatch, OF New York, was attached
to-day. The property alluded to consists OF
Mr.. Hatch's yacht Rcsolutc ard house, land,
horses. carriages, harnesses. &c, the whole
valued at about Sl25,000. Up to date seven
creditors had filed their claims with Sheflil
Manchester, the whole amounting to SSO, 900.
The cottage of Dir. Hatch Is situated
on Kay street. and is considered one Of the
finest estates at this summer resort. Ii
| i sllmptuousy furnished throughout, and
! its exterior, together with the grounds,
| is model Of neatness. Both house and
| barn are built Of stone. Keepers have been
Dut in charge of both house and Yacht per
order of the sheriff. The parties who at
| tached the yacht are Newport gentlemen
viz: Thomas Coggshall, our postmaster, and
| Alfred smith, the real estate millionaire.
The former gentleman, short time before
the suspension, loaned Mr.. Hatch $4,000
from the Aquidneck Bank, OF which he il
president; and Mr.. Smiths claim Is foi
S45 900, which he recently deposited witt
| the firm for investment. Mr. Hatch's family
are here. and much sympathy Is expressed
| for them by the community, by whom they
| together with MFR. Hatch, are greatly esteem
ed, especially by the poorer classes, TO whom