The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-26
NO SUSPENSION OF rur ar 1oo,nn ]. nm.

NO SUSPENSION OF THE ST. JOSEPH BANKS
ST. JOSEPH, Sept. 25 The bankers of
this city held meeting to-day and re-
solved that there was no cause for sus.
pension on their part. They are all sound
able and willing TO meet all demands up.
on them.
TIE ACTION OF THE CHICAGO BANKS AP.
PROVED.
CHICAGO, Sept. 25-Despatches from
the best informed sources received at the
office OF the Associated Press from most
Of the principal cities in Illinois and Iowa
In reference TO the present trouble here
and in the East, concur in saying that the
action Of the Chicago banks In following
the course Of the New York banks In sus.
pending the payment OF large amounts Of
currency Is almost universally sustained
and commended by bankers and business
men as wise and timely and calculated to
arrest the panic and pave the way to re;
lief from tie present difficulties.
A meeting was held this evening q
Rock Island, Ill.,, Of the officers Of the
banks Of that city, Davenport, Iowa, and
Moline, I'll. and 1t was agreed to restrict
the payment OF currency 10 checks Of 500
or less Tor the present. There is, however,
no point heard from Of any apparent panic
or lack Of confidence among any class OF
the community.
HEALTHY STATE OF THINGS IN LouIsviLLE.
LOUISVILLE, Sept. 25.-The Courier.
journal of this morning contained several
columns ol the interviews Of It's reporters
with the bankers OF this city, giving a
complete resume Of valuable opinion
as to their financial condition and the ef.
feet of the New York failures. These
business interview, showed an entirely
healthy and conservative condition OF al
fairs. Not u dollar Is now loaned by
bankers for anything with the look Of
speculation, and tho disposition Is to
guard the deposi,ors to the extent oi their
ability. .'.
Tho Courier. Journal Of tomorrow will
contain several columns Of interviews
with leading pork men, who, having Q
light stock this season and legitimate
pleas at the bank counters, have no fears
Of any shading Of their usual business.
Every one OF them Is preparing to kill
the usual number Of hogs. Interviews
with leading whisky concerns will also
appear, showing a perfectly easy feel.
Ing, the only change being the orders
from country distillers to sell only for
cash.
LETTER FROM CHARLESTON, s. G.
CHARLESTON, s. O., Sept. 25.-The
money strlngency Is increasing. There
has been no run upon the banks. The
Charleston branch Of the National Freed
mems Savings Bank Is exacting 90 days
notice from deposters, but all Of the local
banks ore paying as usual. "$if
sUspENIoN OF \ SAVINGS BANK AT SELMA
SELMA, ALA, Sept. 25.-The Selma
Savings Bank suspended to-day. It's as.
sets arc believed 10 be ample to pay all
It's debts and liabilities and to save its
capital stock nearly entire.
EXCITEMENT DIMINISHING AT SAVANNAH.
SAVANNAH, Ga, Sept. 25.-The run on
the Savannah Bank and Trust Company
has ceased; that on the Bank of Georgia
continued up to the hour of closing. Both
are thought to be fully able TO meet all
demands. The other banks are proceed.
ing as usual and the excitement is dimin.
ishing A meeting Of the Chamber Of
Commerce to consider tho state of affairs
Is called for this evening. fr
RETURN OF THE PRESIDENT TO WASHING.
TON - CONFERENCE WITH SECRETARY
RICuARDsoN-No FURTHER DRAFTS on
THE TREASURY.
WASHINGTON, Sept 25. - President
Grant and family arrived here this even.
ing, and Immediately proceeded to the
Executive Mansion. About eight o'clock
Secretary Richardson called, and for more
than an hour he and the President
talked over the financial situation. They
came to the conclusion that all the relief
necessary had been afforded by the Treas.
ury for the legitimate business Of the
country. Consequently the Treasury will
pay out no more currency than may be re.
adired In It's ordinary disbursements.
That Is, 1t will at present buy no more ster.
ling exchange or bonds. This information
comes from an official source. The Presi.
dent and Secretary oi the Treasury are
satisfied that they have done all in their
power legitimately TO relieve the distress
by the use Of money accumulated in the
Treasury. In the purchase Of bonds not
one dollar Of the $44 ,000, 900 reserve has
been drawn or used by the Secretary, al.
though he repeats that he will use 1t to
very limited extent If 1t should become
necessary to do SO, not for the purpose Of
initiating the currency, but to pay ordinary
expenses with the intention OF restoring
the amount as soon as circumstances will
allow. Tho decision Of the President
and Secretary Of tho Treasury disposes Of
the report that the payment oi the No
yember interest, and the redemption OF
the January bonds would be anticipated.
There Is no such intention.
NEW York, Sept IS "A financial ar.
ticle Of the Tines says that outside OF
the working OF the business at the banks,
the stock brokers have made important
progress in adjusting among themselves
the suspended contracts Of last week.
The Governing Committe have arranged
for an informal comparison, and as far as
practicable, clearance Of the remaining
contract tomorrow. Of course as long
as the Exchange remains closed, such
clearances cannot be forced. But much
good will be accomplished by ascertain.
Ing. as far as possible, the magnitude OF
The deficicncies yet in the wany of re.
suminr regular business. The general
feeling, however, is mot impatient as to
The dime Of opening the Exchange, espe-
clally as the future means and medium Of
clearing stocks are yet undetermined.
New HAVEN, Sept, 25.-It appears that
A. ]. Hine, Cashier Of the National Bank
OF Ansoria, has been using the funds Of
the bank Tor speculation, and the surplus
Of 100000 Is oil gone. Hine also loses bis
private fortune. The full extent oil the
losses are not yet ascertained. The bank
Is supposed 10 be solvent.