, 1873-09-23

alone.. 0onversation on tho street was not 10
excited aa It was forty-cight hours ago, and
there seemed to bo \ gsnoral impression that =
,. hetter ,,s. state Of feeling existed, and
established. Tho opinions oxpresacd concerning
tho action Of tho Secretary Of the Treasury w.
ried greatly rs might naturally bo expected.
nomo men thought that tho panic should have
boon
ALLOWED 70 WORK rTsELf OUT;
cthers, that tho Government should have como
more directly to the MD Of tho struggling brok-
ors; others, again, that tho wlBest coufae had
heen adopted, and that tho
wonaT WAS OYER.
however: thero wcre not lacking certain hot
heads, who rccklesBY circulated rumors calot1-
lated to DO Infinite mischief If they gained cre-
donce.
CONFIDENCE INCREASED
% the day advanced, aud about q o'clock,
there WAS sudden Hhrnkaga Of tic i.Iea at pay
Ing tollers' windows at tic banks and banding
houses: The heavy business done all day had
been dispatched with all possible speed, aud as
soon al 1t was known among tho morclautB tint
tho purchase OF bonds was uninterrupted, and
that tho rulo adopted by tho savings banks, Of
requiring thirty days' notice for tho withdrawal
OF oil largo sunB, was accepted without any dis
tl!rbanco at tho savings banks: tho certitication
dtnt at tho banks that tho depoaitors were be-.
ginning to believe that
THE STORM HAD PASSED.
Tho Commercial says it Ia duo to large houseH
to nay that during the excitement Of tho past
three days and to-day, no large amounts lave
been drawn from tho banke, except those actual
~ necessary to daily business. 1t has been q
generous principle Of helping banks through
the difficulty. and to this fact may be traced tho
fearful aicgo Which has boon forced upon them
by the complete decentralization which came al
most without word Of warning.
THE FAILURES UPON THE STREET
hare been failulcs Of tho necessity Of Btringon-
nero unavhlling either to themselves or to their
neighbors. and tho anxiety among brokers is
not for new business 80 muoh as 1t is for aet-
tlouaont Of differences aud adjustment OF con-
tracts. Although few moro Of tho small houses
may so under when the ana1 settlement IL mado.
sll 1t Ia believed that the recent stiesB has swept
away most Of the weak brokerage flrmH.
NO EatnARnAssMENTs ARE EXPECTED
in any Of tile private banking firms who havo
sustained themselves through tho 1ato crisis.
Tho euspenaion Of the Union Trust Company ia
generally attributed to tho defanlting 8ocretarya
neglect 10 Gull in the 80 900 900 loans ordered On
Thursday. According to general report, he com
pletely lost his mental balance, and showed no
dispoaition to submit tho Affairs Of the Company
to inspection. His whereabouts is still unknown.
It is currently reported that the Company will be
ready to resume business in few days. Il Ii q
little remarkable that only on, Of the TruYteef
Of the Union Company had any money Oh dc.
post in the inatitution ind that. with tho excep.
ton OF two or threo. owned but very little stocx
This may account for the bad management o1
the concern.
MEssRs. JAY cooKE CO.
arc out With statement giving names Of banks
and banking houses who will pay drafta Of theis
correspondents. All drafts against deposits made
since tho suspension will be paid on presenta.
ton.
THE NATIONAL Tnu8T COMPANY,
corner Of Warren street and broadway which
suspended payment on Saturday. states thai
their 1iahfitiea do not exceed "a GOO 600 a,d that
the capital aud asaets Of the Company exceed
thoir liabilities. Tho officers Of tho Company
state that they have ample funds to aatisfy botk,
dopositors and stockholders, but they arc COM
poaed OF bonds. stocks. de-. which cannot be
disposed OF until confidence is restored.
THE DAY CLOSES WITH CONFIDENCE
graatls improved, with a general opinion thai
The crisis IL entirely ovcr. There secms to bo no
reason why all tho bankB should not now &C
along in quiet aud regular manner.
THE SAYINGS 1ANKs.
New foRK, Sept. 23.-rho business of the
savings banks to-day WAS somewhat 1eavior tIla,
that OF the last three days OF the pAst week, bu
that IL always tho case on Mondays. No alarm,
however, Boonls to DO manifested among 1epos.
itorH, and tho resolution adopted last evening Al
the meeting Of savings bank officials seem to be
generally agraed to. This notice was to the
effect that, undor the provisions o! their charter
the banks would refuse to mako any payment
unless thirty daya' notice ia given that deposits
will bo withdrawn. Some banks were paying all
deposits Of $100 or less.