The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-09-22
SUNDAY MIG uTS DIsPlTCHEs
The Financial Fanie.


tGnw YORK, September 2l.-Th'
newspapers to-day are moro hopefu
that Sundays rest and quiet may have
beneficial effect or Wat ptrset al
fairs, and that to-mtsrr,r VIII bring
confidence and wiser counsels. It ID
still believed there is no occasion or a
general panic, and that notwiths!s 3D.
ing the ominous portents Of yesterds v
it il thought there is no need for '"sr
for the Savings Banks, although is't
last night there were ugly rumors ot
runs having been started On some East
Side savings banks:
Tho Tiger.
The property OF Jno. Chamberlain, ct
Long Branch, was attached yesterday,
to sstisiy q debt OF thirty thousand
dollars alleged to be due by sim TO Mrs.
Emma l. Stanley, wife OF Marcus
Cicero Stanley. -
De.Is:n Mems.
A conference at the Fifth Avenue
Hotel to- day, relative TO the best means
ofovercoming difficulties resultiHg from
recent disasters IN Wall street, has ab-
sorbed public interest and expectation
to an almost painful degree. Leading
bankers sud brokers and merchants
were in attendance at the Hotel The
general public gathered in the vicinity
in hundreds, discussing the situation.
President Grant. Secretary Richard
son, Senator Morton, and General
Babcock, were ready before noon to
hear the views and suggestion. OF pro-
minent merchants aud fnsnciers, a
large number OF whom had previous
ly held a conference in the parlor Of
hotel, and reduced their plans to q
tangabe shape. Among those present
at the conference were Vanderbilt,
Clews, Seligman and brothers, George
H Opdyke, VIM. n. Orton, P. r, Sharp,
II. B CisAin, Senator West, Of Louisi'
ana, John Hoey and others.
The committee which was appointed
made a general proposition to the
President that the present financial
difficulties should be relieved by draw
ing on the legal tender revenue, They
bad not agreed as to the amount which
would be required. President Grant
and Richardson sent for and heard in
dividually q number OF members OF the
committee in turn. After upwards OF
an hour having been spent 10 this
manper, and after listening 10 written
views OF several prominent fnanciers,
the committee were instructed. Mo-
thing could be done unless the precise
proposition was submitled
A majority OF the committee propos.
ed virtually 10 place the whole OF the
legal reserve OF A4,oO0,G00 on New
York city banks Secretary Richard.
son opposed this in the strongest terms.
After much discussion the following
was finally agreed 10 and officially ans
uouneed Ga the result OF the conference,
viz:
General Hillhouse is instructed 10
advertise for an unlimited amount OF
$50 bonds and OF bonds Of 1871 at par
in gold.
The President and Secretary OF the
Treasury refuse to place any part ofthe
legal reserve At the disposal OF New
York bank,. The President left for
Washington at SrM
Trouble Appreciated.
1t now appears there is every proba>
bility ola run upon the Savings Banks
Tomorrow. A runor has been started
that several OF the banks are affected
by the Wall street crash, aud tonight
people are taking position in line At
several OF the banks to Withdraw their
deposits at the opening OF the doors.