New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-23
st suspended this morning in consequence Of their In

at suspended this morning In consequence Of their IN
| ability to secure currency.
5PM-A normal condition Of finances Is rapidly on
| tanning in this city. This afternoon 1t was puoHcV
| stated that some of the State banks OF this city
had suspended. and that tho others would inevitably
| follow suit. An Investigation proves t1at thiS
\ il an exaggerated Of stating the case
| All OF the State banks are thoroughly so'-
| vent. bur experiencing annoyance from
scarcity OF currency They ascrbe the trouble 20 tDe IT,
sa OF the National banks to accept their checks thus
throwing them upon their own resources or the banks
| that were specifically named ~ having suspended
namely: The Cltizens the Iron, tbo State, arG the
Keystone are asserted by their respective officers to
DO PERFECTLY sound IL probable that all will promptly
| and fully meet their demands tomorrow.
EXCITEMENT IN CmCAGo-A RUN on THE BANKS
CHICAGO. Sept. 22-There is yum upon
of The banks here today but they are adherng to
the resolution adopted yesterday to fall back upon tho
80 and 60isy rule and are only paying sums Of less
500 The largest assemblage appears to be gath
cred at the States Savings Institution but 20 far the
crowd has been very quiet and orderly. Pho iatest
reports from New York appear 20 lessen the anxiety
NO PANIC IN BUFFALo-oSE SUSPENSION.
BUFFALO, Sept. 22.--Everything III financial
ard commercial ciEces is quiet here to-day The banks
are acting very cautiously. taking OF their regular
customers only. There have been but few sai's oh
Change this morninG Grain 10 moving in large quaint
ties. - usual.
2 r.. NH. W Burt s. Co. private bankers asa
brokerB closed shs afternoon. Their suspension caused
outside Of their private depostor
Financial matters feverish, but business men snd
brokers appear firm and confident that no serious en-
barrassment will 10 experienced here.
d. m-The susps nsion OF IL. W. Burt X Co, private
bankers and brokers considered to be only temporary
aud oceasioned by the failure Of 1heir NewYor cor
respondent to pay currency for their drafts
fw which ample securities were helH'
The business OF the house ls principally
among large operators and caused but htte emDarass
menu Tho house has the confidence aud sympathy OF
the general public. Since the failure OF Burt q Co. the
editor chief of The BGaIo OOmmercaI Advertiser Wis
tied in person every bank in the city and IN local post
cript In the last edition says:
The banks OF discount without a single exception,
business. In several they had received mere
money than had been paid OUT IN checks. AIl
any pressure that is likely TO occur. . the
local financial situation, II changed since the morning
Is changed Tor the better and tuy lustihes the conn
dence expressed in our editorial articles.
A PITTSBURGH SUSPENSION.
PITTSBURGH, Sept. 22c-James T.. Brady 81
Co.. brokers of the Security Trust Company of this city,
suspended to-day.
A RUN ON ALBANY SAVINGS BANKS.
ALBANY, Sept. 22.--There was II run on some
OF the savings banks here to-day The Albany Savings
Bank paid out s5OOOO the Home SAVING Banks, $1,000
closed there was better feeling prevailing and 1t IL
thought the is
RUN ON TRENTON SAVINGS BANKS.
TRENTON, Sept. 22.-There was run on our
savings banks today The directors claimed the Two
weeks notice. according TO their charter and took the
names OF all who wanted their money. The banks are
amply able to pay every dollar Our regular hanks
were also called upon by few depostors, whose de-
mands promptly paid Each OF the three banks IN
Trenton has a surplus OF over 100000.
CONTRACTS OF TIE CANADA SOUTHERN RAILWAY
CANCELLED.
ST. GATHERINGS, Ont, Sept. 22.-Ihe canada
Southern Railway Company have, OWING TO the hnan'
cial crisis 10 ,New-York. been obliged to cancel
all their contracts Tor the present, aud nave
ordered the discharge all their wOrkmen not EN-
poyed on regular trains running over the road The
cause Of this reported to be owing to the compea
tons in Daniel Drcws affairs he being large stock
holder in the Company.
CITY MONEY REFUSED IN LITTLE ROCK.
LITTLE Rock, Sept. 22.-0n account of the
financial panic the North the banks here to-day re
fused to take city money, home currency which has
quence great excitement prevailed. This money
has always been received the greenbacks. a
citizens meeting held in the Afternoon at which 1t
was resolved to take the money. The general impress
sion is that the panic will DO over tomorrow ana Tue
money be taken AS usual
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