New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-02

they declined to do for the reason that the Cear
inghouso omitted publish the bank statement as'
week. 1t was evident that currency was passing
out OF the banks than it was coming H.
and that officers believe that published statement
OF the exact condition OF the banks might create
doubts which they do not entertain themselves, and
which they do not consider warranted by the tacts
correctly understood. They look upon the combined
action OF the banks having placed all beyond the
possibility Of danger and having been chlery IN
strumental in preventing the spread OF the panic into
commercial circles. They think the tide Is about turn
ing and that public confidence win be restored
Then greenbacks and national currency Will come
out OF the cafe deposit companies and the pockets
where they lie concealed aud VIII enter upon the
legitimate work. Till then the banks cannot pay cur
rency because they cannot get to pay the whole mat
depends upon circumstances beyond their conIroi
and equally beyond their knowledge. The demand for
discounts 49, on the WHOLE not greatly changed; but
nearly all the business done by certified checks, cur
rency being paid only in small amounts, and also
constituting very small proportion OF the deposits re-
ceyed It very generally reported yesterday thaI
the demand currency be sent 10 the country banks
had fallen of and that several banks out OF the city had
teegaphed to stop further shipments OF currency TO
them while others had returned greenbacks The re-
porter did not verify the report in the banks which he
visited.
Charles A. Colby Vice President OF the Security Bank.
said the only trouble they had known arose from
the suspension Of the Bank Of the Commonwealth,
through which they cleared. A temporary run was
promptly met Deposits were coming in well, and there
was not a large demand for dscounts-not nearly 80
large as last week They paid greenbacks in small
amounts in all where they were required Tor
paying off laborer He thought that money would soon
be- abundant.
Richard Berry President Of the Tradesmen's National
Bank said that the want OF currency had not been very
greatly felt among merchants and during the panic the
A., 49, ,ts aI al Tho mn
for discounts has fallen OF since last week. and deposits
are coming in well. On Tuesday $4,000 currency were
received on deposit The whole trouble in his opinion,
from currency famine The currency OF the
country about the same now as in 1851 while the
population the country had doubled and its business
mad quadrupled
tonal Bank said that the demands for discounts were
increasing, and the banks were striving to meet them
The discounts OF his bank on Tuesday were two ana
half times the receipts OF the day Not much attention
had paid the requirements Of law in regard to
had turned. but not very strong yet he had
been in every panic since that OF 1871 ana had never
saved from permanent injury by the action OF the asso
The Vice President of tho Merchants Exchange
National Bank told the reporter that there was an Inn
proved tone In the mercantile community anu money
was coming back; they had received $4,000 over the
Tuesday. The demand for discounts had not
percepthly changed. They gave all that they could
spare good paper He said that the statement was
not saturday because could MT be prepared
Some of the banks put their checks and others did
therefore unfair. No bank could tell exactly how II
stood, because they were all "pooed" every morning
and the securities OF each bank went into the common
stock constituting practically only one bank He did MT
suppose the statement would have been published
10 make another panic We have violated the General
Banking act" he concluded, and we've sihned' OF
course are mt going 10 tell OF It,"
Jno L. Everitt cashier Of Broadway National Bank.
that the prospect seemed brighter The demand Tor
discounts diminishing aud their ability to meet them
was improving; they had discounted more yesterday
than saturday last. The greatest trouble was with
rency, aud found difficulty in obtaining New-York
exchange. Their bank had not drawn on its reserve
seriously and ne Thought o9y those OahAs h"u uone 50
that had large 0ut-0ftOwn deposits.
George 3. Williams cashier OF the Chemical National
Bank the demand for discounts had been very
heavy and the bank had been very liberal III meeting H.
thought the demand I'm many cases was in excess OF
requirements of those asking for DISCOURSE er-
chants wanted TO themselves against the future,
and have money on hand for whatever might turn up.
The demand had decreased probably Decanse people Ie
safer All who need currency can get t on good paper
They had drawn their reserve, as all ha put tney
had large amount OF gold on hand which, II the worst
came TO The worst they pay out par. He found
thar there was better feeling everywhere and he eou-
W X. Kitchen President of the Park National Bauk
said that the demand for discounts ana tne amount OF
daily deposits about the same. The Improvement
in the OF affairs consisted IN the fact that they
were worse II was slack water aud tue ude would
soon turn The banks furnishing money To manu-
facturers salaries and certificates To merchants Tor
the transaction of their business ,,-,,o,.
Geo NJ Hard, cashier OF the Chatham National Bank,
tod the reporter that the demand for deposits was about
the same but the deposits were slowly Increasing ne
was satisfied that tho banks, as WHOLE were being
slowly OF their currency. There would Dc no
marked improvement until there was more commence
and boarded money brought Out from the safe De-
posit Companies and the pockets where 1t had been
boarded The bank reserves could not De made SoOd n
the present state OF affairs People waiting for
Friday to what would be the result OF the STOCK
brokers' settlements If the panic should not be renewed
then il would be at an end. .
n Amerman. cashier OF the Mercantile National Bauk.
told the reporter that the demand for discounts was
increasing but could be only by certified checks
There was very little currency In circulation. Inc
peouie had got mold OF IL and seemed to be keeping IT,
H. Wilson cashier of the American Exchange Bank,
said there was perceptDe change In the demand for
discounts the OF deposits received Iher
business was done by certified checks chiefly. There
wa no Increase the deposits OF money and they gave
it out only in limited amounts. The orders from the
cnnnfrY were YcrY much dmlnished.