The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1873-10-02
BOSTON.

this city have decided to make only small
currency payments, and to issue ten mil
lions of loan certificates.
The Farmers National Bank of New
castle, Del, suspended on Saturday.
The steamer Java, which sailed from
Liverpool on Saturday teoI500,0 600 III
gold for New York.
David Preston & Co, bankers, of Detroit
Mich, resumed business yesterday, after a
suspension of two days.
The Secretary Of the Treasury will not
for the present issue a programme for the
sale of gold and the purchase bonds next
month.
The Allentown, Pa, banks have decided
TO adopt the system of certifcatlon Of
checks instead of paying out currency In
large amounts.
United States coupons maturing Nov. I
will be paid on and after Monday, Sept.
20, upon a rebate of interest at the rate Of
six per cent per annum.
The Milwaukee banks are doing bust
nest as usual, except that they have stop
ped advances on produce until the Eastern
banks are ready TO respond.
The money panic continued in Little
Rock on Saturday. Never ia the history
of this city has money been so stringent.
IL ID lmPOoo'O4O W 5OO any "A'H NNJ @NtN
o fcollaterals.
A feelIngo confidence prevails in Cleve-
land, aud there is scarcely a doubt but
that the banks will get through all right.
The savings banks have adopted the SIXTY
days notice plan,
The Exchange, Deposit, and Knoxville
banks of Knoxville, Tenn, have suspended
the pay=ept of checks for currency. The
Commercial Bank has suspended on all
large amounts.
At a meeting of the bank presidents of
Boston on Saturday it was decided to adopt
the New York plan, that is, to make only
small currency payments, and to issue
$4,000 900 OF loan certificates.
The Commercial National Bank of Du-
buque is the only national Dank of that
city that is meeting all demands in full in
currency. The Merchants National Bank
has suspended payment entirely.
The National Peoples Bank and Home
Bank of Clinton, Ill, nave suspended pay
ment until the financial crisis Is over.
The reason gwen is the recent action OF
the banks In Chicago, Cincinnati, and
elsewhere.
In Toledo the banks passed over Satur-
day in good condition. Several are strong
er than at any time since the beginning of
the run. The failure of Kraus & Smith
has had less effect than was a~pprehended.
An arrangement has been made by which
the London house of Jay Cooke, McCul-
Ioch q Co., will honor all Government
drafts on the London house of Clews,
Habicht & Co. Beyond this there has
been no change in the agency.
A better feeling prevailed in Charleston
S G at the close ni husiness on Saturday.
the national banks having received a larg-
er amount of greenback on deposit than
they paid out In checks. No suspensions
nave occurred beyond those announced on
Friday.
Bushing & Brothers, brokers, of Read
ing, Pa, ,who are carrying over $1,000 900
in deposits, sustained a heavy drain on
Saturday. The depositors from the coun-
try were paid $50 and no more The city
merchants received certified checks on this
firm for produce.
The banks of Atchison, Kansas, are do
ing business as usual and declare they do
not intend to suspend currency payments.
Three of the banks kept open until five
o'clock yesterday. Business men heartily
sustain the banks in their determination
not to suspend.
The Cincinnati Chamber of Commerce
passed feSOluIlOuS Oh OdIuIOdy pIdiSlhS
The banks for refusing TO pay out large
sums in currency, expressing confidence IN
them, and asking for all possible banking
accommodation for merchants and mann
~faetuIers. There is little prospect OF an
end to Lie stagnatlon in forwarding until
exchanges can be effected.
The following Louisville savings banks
suspended payment temporarily on Satur-
day. German Bank, Masonic Sayings
Bank, Western Bank, German Insurance
Bank, Louisville Banking Company. Ger
man Savings Bank, and Central Savings
Bank. A run op these banks has been
speedily increasing for the past three days
All of them have abundant resources.
The committee 10 examine the condition
OF the First National Bank Memphis re
port its demand liabilities at $374000,
against unquestioned and available assets
Of $685., 900. The doubtful and unavail-
able assets are SOL, DOC. After paying
all the liabilities the stockholders can Ie-
alize par on their shares. After the read
ing OF the report 100000 was subscribed