Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-25
THE SITUATION IN WASHINGTON.
No More Bonds to be Bought by the
Government.

The Treasury department. this morning de-
clined to purchase any more bonds, the full
amount of twelve million called for having been
bought. Mr.. Ruff, of the Washington City
Savings Bank, made application at the Depart
ment to-day to obtain currency for bonds; but
his request WIS not complied with. The last
balance exhibit showed that the Treasury had
on hand upwards of fourteen millions Of cur
already been exhausted in the pur-
chase of bonds, leaving only two million
on hand for the current business Of the govern
ment. For over one hour this morning the
Secretary of the Treasury and Attorney Gen
eral Williams were in consultation, the object
being, it is understood, to elicit opinion from
the latter officer as 70 the legality of drawing
upon the Il millions reserves. The gOvernmenf
needing for ITS own uses the remaining two q 4
million of currency, its officers were constrained
to suspend the purchase Of bonds for its prOtec-
ton.
After the conference closed, Judge Richard
son stated to STAR reporter that he has al
ways held that he has legal right to draw on
the legal tender reserves; that his predecessors
had SO drawn; but that he should not draw upon
them for the purchase OF bonds, but only for
uses OF the government. if necessary. he says
he has no desire 70 indate the currency. He
says also that the government has helped the
banks by the issuing of twelve million dollars
OF currency, and that they must now look out
for themselves. 1t is thought that If the gov
eminent again assists to relieve the stringency,
1t will only be by anticipating the payment o.
the November interest
NO sldUeHltIt yet Deen maze public as to
the condition of the banking house OF jaw Cooke
* Co. or the First National bank.
A MIsCHIEvoUs RUMoR.
1t has been rumored for few days past that
ex-Goy. Cooke transferred all his property some
two months since to his wife. As the Official
records show no such transfer to her or any
other person, it is fair TO presume that the mis-
chievous report was started by some person or
persons actuated by malicious motives.
THE WASHINGTON CITY SAVING BANK.
A meeting of the directors of the Washington
City Savings Bank was held in the morning
and it was decided that the bank would take
advantage of its legal privilege and require
sixty days notice from all depoSitors. This was
deemed prudent under the circumstances, aud
was done to protect not only the bank, but the
interests OF the depositors themselves. At abou,
1880 a. IN. notice to the above effect was
posted up, and the bank officials ceased paving
out funds and required every depositor who APP
peared to write his name in book provided for
sired to draw at the expiration OF
the time specified in the notice. Ths
bank officials are convinced of the wisdom
OF the precautionary measure they have taken
and are entirely confident that at the expiration
OF sixty days business will have fully resumed
It's normal condition, and that a great maiOrity
OF those who have given this notice will prefCr
TO leave their money on deposit At any rate
the bank will be abundantly prepared. If neces-
sary, to pay every dollar OF its deposits
Everything was quiet at the other down town
banks and there were no indications whatever
OF financial uneasinesS at any of them.