The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28


Due to banks and bankers. 1O3i $50
Total ACKNOWLEDGEMENTS. $2,62,2a3
The loans and advances included In the foregoing
statement to various persons upon securities GER
tlficates OF settlement, and other vouchers under
the District oil Columbia government, including the
Board OF Public Works, amount to $4,000 rs, and
the securities, certificates and vouchers upon which
they arc made represent in the aggregate lair
value OF $4,000 AZ. The Indebtedness OF the bank
to the District government Is $7,69S IS. Among
the loans and discounts are three notes OF the
Northern Pacific Railroad Company, aggregatiDg
100000, and maturing October Is, 1878. It has
been Stated to me that this Indebtedness
will be paid at maturity. have notified
ae % sa n1
be wholly omitted from the value of the loans and
discounts or Y the value OF said indebtedness be
amount OF the surplus entered on the books OF the
bank rs having been invested In the business of
that maybe sustained in realizing the rest Of the
| loans and discounts.
were the Indebtedness OF Messrs. jaw Cooke & Co.
to the bank to be paid in full, the creditors OF the
bank could be paid in full and its capital stock
would be unimpared. The proportion in which
the debts OF the bank can actually be paid must
largely depend upon the extent to which the in
be discharged. This 1t is not In my power to
estimate. Detailed exhibits OF the aggregated
items, presented in the foregoing statement have
been prepared and as soon as copies can he made
they will be forwarded to you and meanwhile
will in person submit to You the Information there
in contained. have called upon the various banks
Indebted to the First National Bank to remit the
sums due from them and also upon the depositors
whose accounts have been Overdrawn, to make
good the deficiency. AS soon as the currency and
coin in bank could be counted deposited it, to the
aggregate amount Of $95,6l2 20, in the Treasury OF
the United States subject to your orders in trust
for the creditors Of the bank. The proceeds since
Sy dp om by
OF loans and from collections OF other Indebtedness
to the bank, have also been in the same way
deposited in the Treasury OF the United States for
the beneft OF the bank creditors.
The mutilated currency to the bank might also,
This action has been delayed by revision Of tie
accounts relating to mutilated currency and by
claims presented by some Of the banks from which
the currency has been received for the return to
them OF the amount forwarded. This question
win be the subject or consultation with you but
whether all OF the currency be forwarded to the
Treasury, the First National WILL in either event.
ness As reported above blank forms have been pre-
pared for the presentation OF claims against the
bank. 1t is not necessary here to discuss questions
which may be likely to alae In the collection OF the
assets OF the bank or the examination OF claims
against 1t. II they arise / WILL as they present
also the advice and aid Of the law officers OF the
government, in enforcing legal and just demands
United States. EDWIN L. STANTON.
The Washington City Savings Bank.
WASHINGTON ID. c., Sept. q, 1873.
In the Washington City Savings Bank-now in
the hands OF q receiver-there are about Q 600 de-
positors whose Joint deposits will reach upward
OF 100000. The assets are supposed to be sum-
cient to cover the entire responsibility OF the bank
All Quiet in Baltimore.
BALTIMORE, Nd, Sept. q, 1873.
The day has closed on business In this city with
out additional excitement or reports OF any fai-
ures whatever The strngency in money con-
tlnues but all the banks have paid out literally on
small checks, to supply business demands.
Monetary stringency i'm Philadelphia.
PHILADELPHIA. Pa, Sept. 81, 1873.
Matters are quiet ON Third street, q scarcity OF
currency being the only trouble experienced from
the panic.
Many large manufacturing concerns have with
great exertons, raised sufficient amount OF cur
rency to pay full wages to their employees, while
other firms have been able to pay only fifty per
cent of wages due.
The Board Of Brokers in this city to-day passed
the following preamble and resolutions
Whereas the embarrassed state of finances of coun
5 Of hS ssiFS Ct $ tee
ofintrinsic values entirely forgotten therefore be
seefstary Treasury n Efforts stay ' the
pm "a e % ar and IL. Ills w,s
the
ma may be ssSsa and serve more fully
Resolved, That, as the great sources of wealth, our
ever and that hereore the enterprises q The County
have greater chance for profit and that
sudden wild decline In values the result of the
panic and without any reasonable cause.
wss s a ~
press hearty OF those pc rsonal
proft attempt to aggregate the evils and still
greater decline In values at the Board
Messrs John Barker, George s. Fox and Thomas
A. Biddle were appointed a committee to confer
with the bank Officers on the situation OF affairs.
Samuel Josephs, an applicant for proceedings In
bankruptcy against Jay Cooke a Co., has with
10 efafam
made OF the assets and liabilities OF the firm.
Boston on the Defensive.
Boston, Sept. %, 1873.