, 1873-10-04
MONEY AND COW MERGE.
MONETARY.

OAeAooo AoAo @O-oe4y bAVHbAA tAIAO "pAN laNIly
'settlomonts Of accounts at banlss, AB tho banks
themnolvcs got easier, thoy fnd malsors Of ovor-
duo pnpor better prepared to Hottlo, either by
total or partial payments There have been somo
.instancca during tho last ton days when col
latora!s hold rs security for paper falllng duo
hayo beon Bold, and of necessity at ioavy sacri-
fec. In tho presence of MI actual run, and
threatened by general collapse, auch
q proceeding might bo considered fully justified
but when thoro Ia no Bnch pressure upon tho
banks, It Is not liko1y that any bnnk not III q
condition Of actual distress would now do 3d.
Nearly all tho banks that have not oloHoa thoir
doors hayo, throughout tho trouble, mudc 1t
point to
rAY ALL CHECKS,
no matter what the amount. In ono or two
cases discrimination waH 1nado III favor OF tho
employers Of workn1en. And in ono case we be-
llovo the refusal to pay anything Is absolute,
md applies equally to NIL kinds Of checks. This
Institution is not a National Bank.
Tho business at tho bauks aid on the Htroot
Today was unattended by any of tho excitement
which has prevailed for tho two woeks previous.
Tho sentiment that
THINGS WE'RE nETTEn
was strengthened by tho personal knowledge
<shat they were 80. Little wag dono III exchange.
Tho general ndvanco in New York Of stocks, tho
decline OF gold to 109Js, and the advance Of
clearinghouse certificates to 0S, all gavo ussur-
anoes Of u bettor feeling, and Of an absonce OF
fear or any further serious disturbances. Ad-
vicos have boon received in this city to tho effect
that local bankers throughout tho West have
generally discouraged the country merchants
and dealers from making romittapcca of currency
to meet obligations due in Chicago. There is alao
an unw'1nngnesa on Tue part OF country banks
anu merchants to honor drafts sent them
for collection through Tho exproes companies
4ho n1,,.an, hn,,I,a .a.t ,,osa wy
~ c.a6g uA.'An "".l' W ioaoy noso' anu eSel
tho Now Yofk banka declare that 1t is not
needed, but should bo loft III TINT city, and that
nll transactions ought to taho Dlnce In exchange.
An th,a ia ~ co1,raa no,.nnrr,,ont rov,,.r.
h.r1s aeto,, a,,.., -, w.. ws.,. s 4.tt
DAuAs oAsou oAenango on NOW 1oIA 70 country
mefchanEa Will which to pay their bills III CHI
cago, mud eoem to think that If the Clearing
House corti0cntcs nre pool epourh to INV
debta In New York, thov ought to bo roo1
enough to INV them m Chicaro. e~0A
Yostorday there was a leoided i,nnrorcment
' '.r1o ~ e, "AS @ = ~ ueo.eou ". 49, nPAo'oi1one
rotoo for .,,,n4a,t Al anE sfouA- 'a 45aue 3Anps.
~ nalea 1or Shipment to tho East wore oqunl to
panic Shippers havo received Information that
the New York banks viii grant them ali tic
Envarn1 ~ ~ 5cs;e suo tiuuo. 4,.
pevelal o1 tno commission merchants Of this
Sy nave Already notified their customers In the
W. Mess .nns shey are now prepared to honor drafts
vii haxo ta ~ mas 9one oolofe ING Pan'c' Ihls
VAL A"' y 'no el.ee1 "
-, ,,,,,4 ~ NJ EAALf hESEWAL
.tooiiv a1,s1anos M ts mT n,;i;t nuu ooo prac.
~ ra.y t'.opo 1,a9, ~ III 4aao.sy . -. se' M9ney
~ my tngso ul"nsa. ~ Tug provision packers
ehp0c. th 60 pegln taelr business at to opening Of
requires avory 1Argo amount of money, but there
seoms to DO full confidence TINT In thia rnsnnct
there will be no d;f5rutv In find;nr ail tho r1rs
roncy neodoI II in nInscna that liz M s,,',,,har
~ M9,,a Iii.o 49,, ~ saas tno nl!1uGor M
~ VI noss MnGa ana packed here w,ll exceed that
OF any previous yohr. This opinion 10 based
somewhat on tho expectation that paokiug in
the interior of the State will fall or consd-
rur 1osnox n,nrno
,,,b1;u,,o1 +.ra ~. oNpDN atta tAnSns A. S.;,
Ttotenou 1"o uAys Aiter tHe 1allutc OF Jay
Cooko. hnd under the impression that the panio
and prostrAtion was to bo general, being out Of
the excitenout, Wero able to take philosonli.
cal yiaw of tho causos and lin nrnhah1o raai,lta
of the panic in the country Tho London Times
of Sept. 20 snyB
The stoppaRo OF sone other bo,,sca bns ce, te,a.