, 1873-09-23

atns III iA7or OF o-zVey "hen nave become
through tho machinery Of tho Syndicate. Say
ings banks, In particular, haye parted With their
5-2os, and reinveBted In othor classes Of Gov
class Of Government bonds so, ,ooo,6ooo 1t loastt
would have been offered him to-day. and this
would havo afforded ali tie necossary roief.
Tho law for buying bonds makes no diacrimina-
tion botwoon 5-20s and any other GLASS;
TILE TROUBLE IL DYING OUT
because creditors generally and particularly do.
pusitors iu savings hanks have made up their
minds to forego drafts upon debtor institutions.
hs9 aop resso es%se' III o tho Guy Tst
entertained tho iaea that tho Comptroller might
bc seriously inconybnienccd for want Of funds
to pay tho numeroaH demands mado upon him.
Tho accounts Of the CITY Chamberlain show that
III tho last two woeka from 476 1858 to sB4, 87.4o,
and the moneys IN tho sinking funds interest,
nnd County Treasury, havo dtmintshod IN
Ike proportion. The Controller, on being
Board Of Supervisors had done tholr duty and
confirmed the Tux 1ovy ton days before they did,
tho Treasury wonld bo III much bottor oonli.
lion. He could not toll what demands
hssle %hsa b Would 'df b on hH s.ds 5: asgh, tos
until taxes began to bc paid. Tbs expenses Of
bonds bearing por cent inteIoat. He hoped
tho tax books would bo roady tho latter pnrt Of
tthen, probably como in rapidly. and tho revenue
kinds Of indobtodncss would then be iiquidated
as soon as poBaible Unpaid State tax amounts
&c sosa 9s.a thought adus It H'ssa sy %9n'' s
effect that part OF tho .' city funds wero sIo
locked up In tho vaults Of tho Union Trust Com
pany gained considerable orodonco throughout
a ri " $n.1a kr y il
9reon stated that mona Of tho city funds or
money over which the city had any control
IN any shape or mannor was In tho
keeping Of tho Union !, Trust Company.
sweeaey a. CITY 0hsnbollain, there had bcen ht
some, but It had hecn withdrawn somo time ago.
Tho Deputy City Chamberlain said that w6on
dopostartes for city funds we're last selected, no
trust company was chosen. He also oorrubo-
rarcd tho remarks Of tho Comptroller on tho
subject.
ooNs1DERADLE EXCITEMENT WAS CAUSED
in tho street by rumor that A. D. Williams, Of
tho firm Of 4. D. Williams Co., Stockholders
Of Wall street, had defrauded tho Bank Of North
On inquiry, 1t was ascortainod that 4. D. Will
iams had overdrann thcir account with
tho Bank Of North America on Saturday to the
amount Of e495,00o, and had failed to make
became very much alarmed, aud obtaining an IT.
tachment upon the property Of Williams l. Co.,
succeeded III securing tho restoration Of $3.50 00o
together with the assurance that the remainder
would be forthcoming before 0 p. IN. Tho part
ners Of Mr. Williams deny that he has abscond-
cd, aud asHert that he Is ut home i'll.
ANOTHER ACCOUNT oyEnDRAwN.
John Bonner, another stock-broker had over
drawn hiH account with sans bank to tho
amount OF 100000. Donnor sad, In explains
tion, that, fearing tho bank would not 60
through safely, he ovordrew his account aud
placed the money In tho Bank Of Now York with
tho understanding that 1t was to be subject to the
orders OF tho Bank Of North America il the lat
tor wont through. He then deposited his un-
certified personal check with tho Bank Of North
America to square tile account When the clear
ances we're effected Bonner'a account vas made
up, md nothing was overdrawn, although there
WAS little aiarsn for tho time being.
CARLTON, THE DEFAuLTEn.
DR.. Thomas Carton, father Of Charles Carlton,
tho abaconding Secretary OF the Union TruBt
Company, ,| stated to-day thst he was in ths Office
npi departure c6arley saomod a ,n ho so0s said ID
to DO very nervous aud excited. When
he was not busy signing checks hc con-
yeraod With me, and several times
Eaw teass rolling down his checks. Since Lis
himself, aud havc frequently found him weep
Ing while ho has constantly been Respondent aid
depressed. I suppose on The morn
;;ng ;ng: in II, a. question, TINT ho was think;
about the affairs of tho Company. talked to
him earnestly, telling him be should keep cool
9na a3 not get excited. Finally Just before noon,
Vt;4Vnrley :; Vd % went anu got hs Lat, saying to mo,
" fon Must excuse mo, father; but it is neces-
sary for me to go outa few minutes. will be
BACK very soon. supposng that he Was going
out on business, dId not attempt to stop him.
After waiting some time for MIN to return,
went vent away. niy son did not, as has been
e1ateo, 60 to the sale and take out 81 ,oeo.
ae could not have done 3D. a3 tho
Cashier pays out the money. He did not even
t take his oyercont' and nothing was missing from
biz wardrobe at home except the clothes he
wore, cannot understand Why Charley
should run Away. lie las friends who
would have made good, any deficiency.
IL my osln!on that be has hoon
crazy since tho death OF his wife. My buaincss
At me Trust companJa otace that morning was
e1out ioans made odo to dn me' Some time ago tho
company lent me $5oo,9 9o0 Tor which gnve tho
very oess securities, nnd when heard Of tho run
on tne hank went to II and oaored to
4aJ |Ao lohus tue company "ianed anonid.
30" Alr sohell, aud he told mo it was not neces-
hary. however. on Saturday, after banking