, 1873-10-14


CINCINNATI, Oct. 18.-The wisdom Of tho do
termination Of tho banks OF this oity, On Satur-
day, to resume full currency payments, has beon
vindlcated by their experience today. At ncar-
" al Of the bauls there WAS gain in currency,
aud the business worked with unexpected
smoothnesa. Thoro werc voluntarily retired
$3.50, 900 Of Clearing House certificates. Tho
checking to-day was comparatively light, and the
deposits Of currency liberal. Tho banks are not
generally dscounting, but some Of them took
little paper Of dopositora at 9@10 por cont to-
day. Outside Of tho banks there has been little
dono during the week, but thera were soma me-
gotiations Of primo business paper at ~ por
cent per month, It is not expected that the
money market will be other than stringent for
some time to come,
INTERVIEWS WITH BANKERS.
A reporter who interviewed the bankers this
afternoon heard sufficient to Indicate feeling
OF unlimited confidence and such an absence Of
fevorish anxiety on tho part OF depositors that
first received from William White, Cashier
Of tho Fourth National Bank, who, In reply
to tho reporters inquiry aa to how
tSsough certsa eeraos ssd Y Do Rousth
National is working along finely. We are not
paying out na much currency as before tho panic,
and depositora are largely in e1ceas Of those de-
manding caBh for cheeks"
tho representative next>htepped In scasongool,
Notter d Co.'s. The following conversation en-
sued:
Rcporteg-"H Has tho action Of tho Clonring-
mSvss s s Sssn2sy sas been followed by 0zta0r
Mr. seasongood- our business is quiet.
Nothing unnaual is ma1.lfested by those who
have money on deposit. Our ,depositors this
morning arc in excess Of the holders Of checks.
Tho banks will DO little reserved in loaning
money. for those whom they llave aecommo-
dated during tho etringency will perhaps find it
difficult to negotiate loans, but thiB will DO
remodied IN fow daya." Mr. soasougood added
that That the1e was no uneaainess, and that the
Tho Third National Bank was next called upon
for It's report, which was to this effect: "our
business ia tlno. and deposits Up to now arc three
to ono in oxceBa Of those wanting currency. Ono
prominent Wholesale louBe placed On deposit
thia morning $50, 900 In currency"
oa saSS R' Il qas Wiz the
best Of signs for restored confidence"
A call @pon Nj, Espy, ot Eapy, Hotdelbaeh 4
man confirmation Of what had been obtained
from other bankers. Tho dapositora, aa at othor
p!nceB, were in excoss Of cheok-holdore, and tho
demand tor currency was not as large aa in or
Tho Firat and Second National Banka
had nothing out Of the usual order to
Eolato. Their resumption WAS followed
the part Of depositore, with uo calls for cur
ronoy that could In tho least be regarded as
moro than ordinary demands.
Mr. Larktn, Of LRrkin, Wright 4 Co., aaia
everything was working smoothly. hfr. Nettlo-
ton, Of Nettloton Co., replied to the reporter:
"Thore Ia no Trouble at ALL" Tho Franklin and
Lafayette Dau4a had the aame good news to inl-
part.
(1othe Assocfated I'rtss.l
CINCINNATI, Oct. 13.--ThiH has boon tho most
notable day, financially, that tho city has Wit
nosBed since the action Of tic banks aud the
bankers suspending currency payments, Baye aa
to limited 6umB in tho discretion OF tho banks.
The desire to know wlon this embargo on the
commerce of the city was to 10 removed has In
creased from day to day. Though thoro las
been, as for as possible, an adaptation to tho
peculiar circumstances, still tho pinch on the
mercantile clagAos has inoroaaed III Internally as
tho duration Of tho suspension longthonod. Tho
merchants OF the city hayo endured tho priyA-
tionB with great heroBm, md goncrAlly without
complaint. They mainly hayo accepted tho sit-
uatlon AZ tho best that could be otljoyea un(or
tho circumstances, but thoro WAS still groRt
anxiety to layo 4 day liked for
1ENEAAh RESUMPTION,
aud whom tho announcement WnH lnade that the
Olearing"Ilonao Association, at its meeting OIL
Saturday evening, had determined on full aud
complete cuarenoy resumption, It WAS rcooiyod
with tho ereatcat satisfaction: Tho nero wl,ia-
porlug on Change Saturday that tho Association
was to hold III important meeting at tho oloso Of
tho day, Was construed into hopeful