The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-27
REPORTS FROM THE COUNTRY.

| Additional Suspensions i'm Chicago.
CHICAGO, Sept. 20, 1873
The Board OF Directors OF the Board OF Trade at a
null meeting this morning, unanimously passed the
following resolution, the reading of which to the
Board OF Trade was greeted with applause and
universally approved ra.
Resolved, That all the rules Of Board authorizing
for violation Of contract be suspended such
srty future between passage Of this resoit
Se not for
the violation OF contracts claimed to have Been closed
that this resooSn sa in Ro cse
be held TO apply to any trades made in the settlements
The following banks continue to transact bust
ness as usual THE Commercial National, Third
National, Montreal, Central National, Corn Ex-
change, Fifth National, First National, Fourth
National Illinois. Northwestern. Traders Chicago,
Union Stock YARDS, Merchants Loan and Trnst
Company, German National, Mechanics ana
Marine.
There has been no run upon any Of these inst,tu
ttOns, although some OF them have paid out con-
should be added the City National Bank, the Oicers
OF which say that they have paid all demands on
There appears to be very little excitement
among the people or the street beyond the intense
feeling Of Indignation against Mr.. Coolbaugh, Pres
ident OF the Union National Bank, who Is bitterly
denounced by many as having unnecessarily pre-
cipitated this suspension OF to-day. 1t is anthOri-
received Q telegram from his New York CORE
spondent authorizing him to draw ior the entire
amount OF his balance there and $5oo,ooo addi-
tOnal, which offer he refused.
The Cook County, the City National and the
National Bank OF Commerce have closed their
DOORS There was run Of an hour on the Corn
Exchange Bank, but as everything was paid the
run soon stopped. Some who drew have returned
and deposited their money again. The bank Is
considered very strong. The other National banks
are paying regularly. There Ia considerable ex-
element among the business men, and the grain
tr
Suspension Of y Washingten Firm.
WASHINGTON, Sept &c. 1873
FAINT, Washington 4 Co. posted notice on the
closed door Of their banking house to-day saying:-
1--WE are compelled to suspend payment for the
present."
The Savannah Banks.
SAVANNAH, Ca, Sept. 26 1873
The Chamber OF Commerce had an adjourned
meeting at ten O'Clock last night to receive the
report Of its committee, who reported the follow
ing:-
Resolved, That the hanks and banking houses OF
Savannah be TO meet the Ct de-
may amir the Ssaues be
rency be received " move the crops
The report was received and adopted, and the
committee was instructed to communicate the &C
ton OF the Chamber to the banks and bankers.
The committee reported that they had waited on
the banks and bankers, had submitted the resOiu-
ton OF the Chamber to them and that 1t met
with their acquiescence, and read the following
preamble and resolution, which were received as
Information In compliance with the request OF the
Chamber
In view of the unprecedented panic prevailing in New
York and ting all Of the country,
legitimate business and for the purpose Of projecting the
commercia interests of community and enabling the
banking institutions Of the city ~ furnish the facilities
essential to forwarding the crops Of the country with
Resolved, That the banks and banking houses of sa-
vannah will nds OF by tfca-
ton OF checks used the OF the holders
may require until the temporary difcuties are removed
and until exchange can be negotiated Vt currency be
received to move the crops.
The banks to-day are acting according to this
resolution.
CHARLESTON, 8. c., Sept 20. 1879.
The Peoples Bank Of South Carolina, the
Peoples Savings Bank and the South Carolina
Loan and Trust Company nave suspended currency
payments. The national banks and the other
state banks pay as usual.
Correction.
PETERSBURG, Va, Sept 20, 1873.
TO THE EDITOR OF THE HERALD
The telegram in your paper OF the 25th inst.
rom Richmond, OF the intended suspension of the
Bank OF Petersburg, Ia entirely without foundation,
as we have not and Will not fail TO meet any de-
mands that may be made upon US. Will you please,
therefore, make the correction. Yours very re-,