Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-09-22
TELEGR A PHI.
THE GREAT FINANCIAL CRASH.
A SOMEW HAT BETTER FEELING.


is quiet and with tie exception Of about thirty
or forty persons abort the City Savings Bank,
which is considered perfectly safe, there is no
excitement whatever and it is generally thought
that the worst is ov-r.
Dispatches from New York state that the
Banks there have received two and half mil
lions of joint certificates TO be used if neces sarj
and up to the latest accounts no further bank
failures have occurred and no further suspen-
sions are expected.
New York, Sept 22--The official an
nouncemcnt is made this morning that the as
sstant treasurer will continue to purchase five
twenty bonds 10 accordance with his notice OF
Saturday, paying for them 10 currency, at the
average prices of sales that day. Secretay
Richardson said last night he did not see that
he had the power to do more than buy bonds and
all the FIVE twcuties offered will be bought with
out delays or red tape THE government,
the Secretary added, lis not a trust company
or loan institution aud it is doubtful whether
Congress would sanction any such construction
Of my power.
The language. "This is none of my fune-
raj, which was attributed to Secretary Rich
ardsou last evening seems this morning to have
been made by leather merchant who was pre-
sept at the conference and who was asked to
state briefly the views Of the Secretary OF the
Treasury. In answer to his questoner the
merchant replied. 1.-The Secretary as much as
said this was none of his funeral and he DID not
feel iuciued TO act.
New York, Sept. 22.-Thc following notice
is posted Oh the door OF the Union Trust Com
painyr;;
a statement Of its affairs is being prepared and
will soon be made public. DeposltUrs are eau
toned against sacrificing their accounts.
NEW YORK, Sept, 22.-Ihe following notice
has ust been issued.
The New York Stock Exchange will remain
closed to-day a meeting of the governing
committee will be held tomorrow morning at
half past nine o'clock.
(Signed) H. G. CHAPMAN, Pres"
The General Manager of the clearing house
said in an interview at ten o'clock last night,
Every check passed in the regular way
through the clearing house will be paid
The banks are in no danger and there is no
thought of their suspension. They were never
stronger than they are to day and the action
of the bank officers Saturday made them doubly
strong
Carlton, the dcfaultDg Secretary of the I'm
ion Trust Company, was largely Interested 10
Western Union. Envelopes picked up in the
Postofice showed also that he also specuIated
in Union Pacific aud other stocks. Most Of his
losses are supposed to have resulted from the
crash in the market last eek.
New YORK Sept. 20. John Y. Il. Pruyn,
of the Union Trust Company, director, is re-
ported by the Tribune as saying that the socurl
ties offered by Commodore Vanderbilt on Sat
u,day to the company for the loan made to
Lake Shore were not by any means sufficient to
cover the loan.
Marvin Brothers is to be added to the list of
suspended brokers firms
LONDON, Sept. 22.-2:30 m.-Special dis
patches from New York cause di:queting
feeling in the Stock Exchange.
New YORK, Sept. 22.--Several Montreal
bankers have arrived here to invest 10 stocks at
the shrinkage quotations Large orders ars
also being received from Europe with in>truc
tons to I'll as soon as the Stock Exchange re-
opens. Gold opened at ~.
NEW YORK, Sept 20 -l0.l5 a. m.-The
Gold Exchange has closed; the same of the
Stock Exchange; ~ has been established as
open for the purpose of settlement The rate
of interest is fixed at per cent. for carrying.
New YORK, Sept. % 10 80 a. m.-The
following notice is posted in the United States
sub Treasury: purchasers of United States
bonds today will in Jude all the different series
of 5-2Os. Paymcp will be made in currency
at the rate of HOP and accepted interest in
coin. Already $4,000 worth have been pur
chased. Small amounts from individuals will
not be purchased, that not being the intention
of the government in authorizing purchase"
A run has commenced on the Seaman's Saw
ings Bank. Meetings of the dire; tors Of vari-
Gus savings banks are now being held to decide
upon the ACCESSIBILITY of compelling depositors
to wait sixty or thirty days as their charters
allow.
NEW YORK, Sept 22-The excitement in
Wall street Is not so great as upon Saturday.
New YORK, Sept. DBL a. M The Sub
Treasurer has bought one million III bonds. |
Large crowds are waiting to sell.
PHILADELPHIA, Sept. 22--The Philadelphia
banks have taken 20 action with regard to lssu-
ing certificates in place Of legal tenders for set
Elements at the clearing house. The banks are
all in such good condition that such action is
deemed to be unnecessary. Third street is very
quiet and no suspensions are reported.
New YORK, Sept. 22.-ll.30 a. NAT
meeting of the directors of the Seamans Saw
ings Bank it was cided to pay Immediately
sums of 500 or under. Ali amounts over that
will not be paid before thirty days, as their
charter allows.
New York September22 .-l.45a MN.
Camp, of the Clearing House, states that all the
banks have pulled through except two, and
those two are now settling through the loan
committee.
New YORK. Sept GA run has begun on
all the savings banks throughout the city The
crowds are much larger on the east side OF the
town than oD the west and the utmost excite
meut prevails One of the largest of the saw
ings banks has already paid out $1,000 10 ex-
cess of its daily payments. 1t is stated that
the majority Of the banks will take advantage
of their charters, which allows them from thirty
to sixty days time. -.
New YonK, Sept 22.-noon.-Two millions
of bonds have been purchased by the sub