Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-10-09
FINANCIAL.
Cameron In Conference With Grant
SIS -a4E
0ppositftian TO Richardson's Policy

-. ~ E
Opposftftinn TO Richardson's Policy
-sls An DrsswinE oa the Reserves.
NEw YORK, Oct. S-A Washington dis
patch says Senator Cameron had long in
teryiew with the President yesterday, and
reports the latter, as well as himself, strong
ly opposed to drawing on the forty four
million greenbeck reserves. a
The Outstanding legal tenders are 1885,
966, 4SS. azsefs.a
Special to the Louisville Courier-JournaL
4 WASHINGTON, Oct. 7.-Tbe report of
Marsingly, the receiver appointed for the
Washington City Savings Bank, is gene
rally considered as m7re rose-colored than
the facts warrant. There is an effort to
make more out Of very Questionable assets
than their true value.
It seems to be thought Mat favorable,
or atleass mild report, viii be made by
the examiner appointed for the National
Metropolitan Bank; but for reasons already
stated, this report viii not carry much
weight.
CHICAGO, Oct. S.--The Third National
Bank, which suspended on the 9th ult.,
reopered its doors and resumed business
to-day. The result OF the days business
was most gratifying to the officers as there
was not only an entire absence of anything
like run, but tie bank had considerable
sum to its creds in the clearing house, and
received more than it paid out during the
day, fact which is taken as peoof not
alone of confidence in the bank, but Of the
entire recovery of the city from the late
financial excitement.
GONE fatO liquidation.
The Directors of the National Bank Of
this city decided to-day to 60 into liquida-
ton. The assets are said largely to exceed
the liabilities, and nobody will lose any
thing. Cause, st.ingency Of currency.
New Orleans
NEW ORLEANS, Oct. S.-Gold 1126-
112a; currency 465 premium. Sterling
1lS sight 16l5 premium and very scarce.
bankrupt.
Delos E. Colver, of Jersey City, one of
the veslthiest capitalists in New Jersey,
has been adjudged bankrupt. he was
Vice President of the New York and Os-
wego Midland Railroad Company. His Ii
abilities are said to be So 5000.
Je TIC AsSOclaGeQ FreSS.
st. Louis Anxious 10 Resume.
ST. LOUIS, Oct. Sat meeting of the
Clearing Rouse Association last evening the
Question OF resumiDg currency payments
was considered and the general opinion ex-
pressed was In favor of doing so as soon as
the New York banks lead of. A PROPOSE
ton to gradually cancel the Clearing House
certificates aud Ia this way resume without
reference to New York was discussed, but
no action taken.
Special to the Cincinnati Commercial.
Effect of the Panic ON Government.
WASHINGTON, Oct. 6.-Including to-
days receipts from internal revenue the
collections from that source thus far this
month amount to $1,216,737, being at the
ratio OF only about S6,000,000 for the whole
month. This is great falling of. Dur
| ing the dulness Of the past summer the re-
ceipts from internal revenue exceeded So
| 600, 900 per month, and but for the effect OF
the financial panic upon general business
| the collections this month would have
amounted to over 100000, and would
| probably have reached $10,OOO,OO0.
No Immediate Improvement Antici-
s--r---~r pated. mi
Not much improvement in the condition
of affairs will likely be noticeable for some
days, even If financial matters and the gen.
| ersl money market were TO settle down at
| once to their former quietness and steadi-
ness, although, as previ lusly stated in these
| dispa ches, the present decrease or small
ness of collections will not, in the belief oi
the commissioner of internal revenue, cause
q loss to the government, for the res
son that distillers, from whose products is
obtained the greatest portion of the revenue
DOW collected from internal sources, will &C
ahead with their business IS u ual, storing
their goods in warehouses, and only with
drawing them in quantities sufficient TO
mest actual demands. In the meantime
the Treasury Department will, in order tt
meet the expenses of the government, con-
tinue to draw upon the Legal tender reserves
to make up the deficiency resulting from
the diminution in the receipts of currency
from the principal, in fact the only soarct
upon which the government now relies
Two million six hundred and forty DiD'
thousand dollars of the forty-four milioI
legal tender reserves have, according TO thu
treasury financial exhibit this afternoon
been paid out.
Customs Receipts.
The falling off in the receipts from Gus
toms duties is considerable, though not neA
as large asthe reduction of internal reyenu
; coilec ions.
Settling Jay Cookies Hash.
Among the plans is one proposing that i
one of the pending proceedings in bank
ruptcy, remembering that the goVernmen
is largely interested in the Northern Pacit
Railroad, which promises to be the mos
valuable of The assets of the firm, Jay Cook
g. Co. shall nominate one trustee, the gov
eminent another, and the creditors OF eacl
of the houses of the firm one each, maxim
I five in all. This, it is claimed, would in
clude and be obligatory upon all the credi
tors of the firm to prevent any unreasonable
and dissatisfied creditor from institutin
proceedings hereafter to annul the act o
any private trustee, and would slow mas
unanimous creditors, if the calamity prove t
be greater than now believed, to give Cook
& Co. discharge which may become nee
! essary and proper.