The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-29
Another Meeting or the Chicagl
~ Clearing Honse Associatlon.
RESTORATION OF QUIET AND CONFIDENCE
ea,tS8 .iIN THE CITY: piaN

RESTORATION OF QUIET AND CONFIDENCE
r4,t~kg - IN THE CITY tsfSk
- Cn1oAG Sept. U 27.-Thes Clearing
House Association Of this city held an ad.
journed meeting tonight, which was at
tended by REPRESENTATIVES OF all tho banks
belonging To- the Association, including
those that suspended yesterday, and to-
day Y h4S ~ @a4La7S NSaA 'e'~ T.
The committee appointed last night 10
consider and report o plan similar TO that
adopted Id New York and other cities,
providing for the issue oi loan certificates
and the payment OF checks through the
Clearing House, only submitted two re-
ports, which were essentially the same,
the only difference being that the former
recommended the adoption of, the New
York plan In alliis details, while the lat.
ter recommended the adoption Of the New
York. plan, Or something similar to It.
Alter aprolonged and somewhat irregu-
lar discussion, In which the representa-.
tives oil some oi the stronger banks OPP
posed the adoption OF either Of the re-.
ports, both reports were tabled by ma:
jority vote. q .ss4-.i ~ tiA-7-sS !
The situation here Is therefore essen.
TALLY unchanged. A considerable amount
OF currency has come ID to-day, q good
portion Of which went into the banks, and
there has been no serious drain upon either
National or Savings. Institutions. Some
Of the suspended banks promise an early
resumption, and only one, the Manuiac-
turers National, admits that 1t will 60 into
|liquidation, and asserts that IL Willzbe
able to pay dollar for dollar. The people
generally are taking matters very quietly,
and there seems to be considerable conf.
dence among bankers that with prudent
management and no further trouble east
they will.be able to pull through.
Furry az saltLake city,. I st Nation.
al Bank Closed. ~ 4
SALT LAKE, Sept. 27.-There Is con.
siderable excitement hero to-day The
Frat National Bank didn't open is doors
to-day. The notice on Its doors states
the cause Of the suspension, failure of cas-
tern houses, and inability to obtain cur
rency. The liabilities are amply secured
by good, assets. lDepoaitorsl need not feel
any uneasiness as to ultimate loss. The
assets are over $500, 900. Liabilities
$277, 600, exclusive ofthe personal prop
erty yof Warren Hussy, who holds himself
Responsible for all bank indebtedness.
The bank was o Government depository.
The Salt Lake National and Deseret Nat
ional are open and Meeting all demands.
Walker Bros, Wells, Fargo d Co., !. +.
Tracy e Co, and Whiieand McC Cormick
are also prepared 10 meet demands. A
|slight run commenced on the latter but
no fear Of succumbing. a ID +. ,l,t,s
LATER AND lRRTTER--c CONFIDENCE RE
STORED. . 81 ~
SALT LAKE, Sept. s7.-The excitement
In financial circles has generally subsidized.
This run on White d Mccormick was
brief. Confidence 10 restored. The firm
will meet all demands and have o surplus.
All the banking institutions are in, the
best condition. Warren Hussey, presi.
dent Of the First National Bank, says the
institution Is perfectly solvent; has met
| no losses; Is amply able to pay oil indebt.
edness; capital and surplus are unimpair.
ed, end but litile time is required % make
al IgooQ. no uofe tlouple ueeQ pe up
pretended BY the bankers. s.3
Progress toward Resumption at
20 sa2sac cs Memphis. Vt'at9"%N
MEMpHrs, Sept. 27-The report Of the
Committee To- examine into the con
dltlon Of the First National Banl
was received to-day. Itpresents much
better exhibit than was anticipated, anf
steps have been adopted looking 10 ID
immediate resumption. According to tht
report its demand liabilities are $$s4, 900
against available assets. Of 1856, 900, thi
doubtful and unavoidable assets beinf
Sl0i, 900, making total. assets Of e6d6, 900
After paying oil liabilities the atockhold
era can realize par Of their shares Or
the reading OF the report OF the commit.
Tee $500 900 was subscribed towards ena
| bling the bank TO resume,