New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-02
THE SITUATION ELSEWHERE.
THE LAW CONCERNING NATIONAL BANKS AND THE
CERTInED CLICK SYSTEM or PAYMENTS.

TIE LAW CONCERNING NATIONAL BANKS AND THE
CERTIFIED CHECK SYSTEM OF PAYMENTS.
WASHINGTON, Oct. 1.-The Controller of the
Currency has not stated to that national bank
can be placed the hands of receiver for failure to
pay checks of deposiors No Of this kind has been
presented to the Controller for decision Section SO Of
the National Currency provides that If the directors
of any association shall knowingly violate or knowingly
permit any of the officers, agents or servants OF the
association violate OF the provisions or the act
all the rights prlVeges, anu S nj to TO
ton shall be fOrfeited such violation snail however, DC
determined and aGjudged by Circuit District OF Ter
rtoria Court OF the United states In SUIT brought ior
that purpose by the Controller OF the Currency III ms
own name before the association shall be declared dis
solved No appcatoh nas peom adg ~ ~" inst
national bank under this section during the late panic
nor is it known what would DO the action OF the Con
troller If any application Of this kind were made.
JAY COOKE CO.'S AFFAIRS.
WASHINGTON, Oct. There have been filed
in the Office Of tho Recorder OF Deeds several instru
ments of writing by ex-Goy Henry ID. Cooke, convey
ing to jay Cooke trustee his real estate III
in three pieces known as the Cooke property widow
in Georgetown has entered suit against Jay Cooke g.
of the condition OF the banking house has yet been
PTuADELPHrA Oct LIN the United States District
Court before Judge Cadwalader, order granted last
week. upon the petition OF Edward Nls0n against Jsy
Gated bankrups which was TO have been returned To-
day. continued for week at me request Oh tho
THE OUTLOOK AT WASHINGTON.
WASHINGTON, Oct. Loving to the recep-
tion of favorable financial information from various
quarters money is becoming easier in Washington.
The Second National Bank which Is In the certifying
check combination paying out currency at tscounter
There five banks and one banklnghOuse IN the com
bnatiOn; three Of them savings banks, which, before
the arrangement was agreed upon had ceased pay eh,
requiring 60 days noue 70 DO given by depostors
for the withdrawal OF money.
GOVERNMENT AID TO THE COTTON INTEREST.
WASHINGTON, Oct. 1. - The President of the
Charleston Chamber OF Commerce elegraphed to Wash
ington, Sept 20. for Government aid In moving the
cotton crop similar that afforded to Neworleans
Secretary Richardson responded:
am not aware that any special relief has been afforded
to NeW-Orleans.
The following explanatory dispatch was then sent:
The Ne0 Orleans Picaytne reports that after Oct
will maintain on deposit IN that city $4,000 in cur
banks on checks NewYork Whether true or not the
Chamber asks such relief TO amonnt 10 tSoO0oO fol-
Charleston.
Assistant Secretary Sawyer replied to this telegram
follows:
Your difficulties are understood. There IA a1vant
| age to be gained by the Committee coming here
Charleston will have Gil the relief Afforded To other
| places.
While no special relief, as Secretary Richardson says
has been afforded New-0rleans, 1t Is known here that
The Pioautne correct in what IL says. Tho Govern
ment was asked deposit 100000. but the amount
reduced 10 IL no hcN ltatuIt tut
! Government always having currency in New-0rean'
| for the purpose named.
| FINANCIAL NOTES.
The Louisville Clearinghouse Association
was dissolved yesterday, by mutual consent
Thomas Kemp g. Co., grocers of Baltimore,
suspended yesterday Their liabilities stated ~ be
| $4,000. aud their assets 100000 ~ f
Business in Cincinnati yesterday showed q
decided Improvement. noticeable feature the In
crease In the amount OF money In the street, much 81
which placed nj decidedly lower rates than yester
| day.
In Pittsburgh financial circles the prospect
Is reported brighter with indications that the worst
| the panic Is over. Business among manufacturers ha
been stopped and they report difficulty In obtain
ing money 10 pay employees.