The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-26
The Clearing House.


All the banks yesterday did their clearing in
good order, and the sheet was eminently satisfac-
tory.
Four million dollars OF loan certificates were
issued yesterday by the Loan Committee.
President Vermilyea did not appoint the Com
mittee Of Nine to report on the new forms for the
practical operation Of banks yesterday.
In answer to the communication from the Clear
ing House Association to the Secretary OF the
Treasury requesting him to come to New York and
confer with them on Western produce, the follow
ing was received yesterday
WASHINGTON September 25
J. D. vERMILYr, Esq, Chairman Clearing House Com
In answer to your telesram have the honor to say
n mat my nuses my here ana cannot
meet your committee WILLIAM " ifI MA 4 RICHARDSON.
Secretary OF the Treasury.
The conference between the two committees
one from the Clearing House and the other from
the Stock Exchange, did not bring any result yes
terday. The two chairmen met but did not act.
1t Is beneved by both bankers and brokers that
the plan submitted by the stock Exchange to the
Clearing House Association must necessarily fa Tor
the reason that banks cannot anord to guarantee
checks OF all persons IN these present troubled
and II lhey e certised CHECK for large amount
which was afterwards found a Iraud. not the
brokers would suffer, but the banks according to
the new arrangement proposed. Therefore IL is
thought the clause as to the guaranteeing checks
VIII be rejected. while the holding back the loans
Tor ten days may possibly meet with acceptance.
AT the same time bank president said 1t was also
an arrangement by which the brokers would mainly
benefit while impovershing the banks. He SAID
that the West was at present drawing out all the
currency II could get, and 1t was diicult to make 1t
return. one hundred thousand dollars had been
three weeks by the West 1t was, therefore, still
the only method, he thought to issue some part of
the $4,000, 900 reserve, and affairs would resume
their normal state almost Immediately.
The Union Trust Company.
Yesterday morning, during an examination of
the affairs of the company, in large safe was
found a box supposed 10 be empty. On examina-
ton 1t proved to contain $4,000 worth Of United
States bonds, supposed to have disappeared. The
committee investigated al day yesterday, but
have not come to the conclusion OF their labors.
Mr.. John V. L. Pruyn stated in the morning that
an exceedingly careful examination of Cartoons
accounts had been made, and that he thought the
sum total OF the loss would be 100000. He said
that nothing had been heard of Carrie ton but that
his property had been attached, which amounted
to considerable sum- He stated that they were
nearly through the examination.
,d m S ,sant the WIN Trsa
Company was not very anxious to get Carleton,
because twenty-Iour hours after the delalcation
found and he himself knew where ne was, but not
the slightest step mad been made to capture him.
Whether they wanted him now or not he did not
know. but 1t would not be difficult 10 find him II
they did, he sdded.
The reporter went to see the receiver, Mr.. Wes-
ley, about this, and he stated that, as far as he
knew every effort had been made 30 get Carleton,
but thus far they had not proved successful. THIS
did not mean say but what they would be. He
characterized 1t as false that Carleton in any
one OF his usual haunts at any time after he had
originally disappeared Mr. wesley stated that
Cartoons alleged defalcation would not amount
to than $3.50, 00O but that the statement would
probably not be ready for some days yet.
The reporter said that he had heard that Car
leton's father had said that he and his friends
would make good his sons deialcaton.
place Carietonis father said to me that ii we had
told him what was going on before the puDlcatlon
Of the deialcatiOn he and his friends would nave
been able to make 10 up But he has not made any
sucn proposition since, anu, indeeu, we nave not
seen him for some days"
An the officers are still quite confident OF being
able to open in a few days, when the money
The Hon. Freeman Clark, late Comptroller Of the
Currency has been appointed Second Vice Presi-
dent, IN the place OF Mr.. H. n Bogert ana mas con-
sented TO remain in town Tor the purpose oil assist
ing the committee In their investigation.
Bank of the Com mOnwcalth.
meeting OF the depostors OF the Bank OF the
Commonwealth was held yesterday in the rooms at
No. IL Wall street. There were about forty per-
sons present Mr.. Thomas Nelson was made chair
man of the meeting and Mr.. c. Ii. Roosevelt secre-
tary, Mr., Roosevelt offered resolution that a
committee OF five from the depositors be appointed
To confer with the receiver as TO future operations
me resolution was lost. - -
The meeting then passed the two following reso-
lutons:-
Resolved That the President and directors OF the bank
be requested TO use their excrtions 10 have the
affairs OF the bank again placed In the hands OF the DAMN
Resolved, That until the report OF The receiver no FUR
Their action be taken; and that this meeting ADJOURN
subject to the cali OF the Chairman.
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