The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-09-27
rco, r,yrrr FROM FIRST rAaE.l

tco> rIxrrp FROM FIRST FACE.
sna firm, /, nav OH present Indebtedness US
Sast as they can collect on their loans and sc.
cur;fies. The firm state that they have not
niedged any Of their collaterals, and owe no
borrowed money. Their resumption IS fecog,
nized as an encouraging sign OF the hnanc'i'
situation, and meets with favor from tle'f
customers here.
THE NEW YORK BANKS.
The resolutions adopted by the New ORR
associated banks, briefly given by Telegraph
Yesterday. are as follows:
/. That all checks, when ccrt'hco U. aus
bank. shall be first stamped OF ",'
~spayabIc through the Clearinghouse; rd
3 That in order to supply the demand
s,r lcral,cndcr notes, and to renew I'M
haired confidence, the clearinghouse couf.
mittee DC authorized to purchase any pnfs
IF $40 0O0. 0C0 Of United States bonas, ana
To procure the redemption of the same 0!
Tho Secretary of the Treasury, tue loss OF
ros, of mo transaction to be divided among
Tho New York associated banks, pro rata OIL
tho .moun; cf their deposits respectively, as
shown bv the returns Of last week Jana mat
tho committee he authorized to assess Inc
share OF each bank by drafts in the us'Eal
manner.
3 That each member Of the association
consider himself a special committee 10 as
certain where such bonds can be had, 10 III
wife rar,icjpation in this effort OF every III
stj,uiion and individual in the community
and to report to j. Nermii!e, chariEai'' eo'
day. r.:.oa st,,os
In
and the Secretary OF The lreasiI! W so. ~.
icted (hy telegraph by the chairman u .n.S ,
association 10 prepay the Outstanding on'e"
states bonds which are due on january l,
1874. t,o
8. Tha. whereas the banks composing the
Clcorinn.House Association. in ordcr 10
alllav public excitement and to restore lm-
rnircd confidence. have united taSefller py
combining and averaging their aggregate re-
sources. and. for that end, have generously
rcIipu,islc1l for the common good Whatever
supcrioriiy in position any OF them possessed
over their associates; and whereas 1t would
he mapi:cstiy unfair that any member oc'
clining to participate fully i'll the arrange
mcn.s should derive fictitious credit ana rep
,ltation in the business Of the community by
our Seif-Sacrice: therefore
Rcs0lred, That any member so conduct
ing itself shall be reported to the manager
of the clearinghouse. Who snail 1orthW' Il
consider it expelled from this Association,
and checks upon it shall be drawn ny pre-,
sentation immediately, through SpccEll
agent appointed by him for that purpose on
behalf OF the whole number.
THE SILK TRADE.
According TO MeSsrs. Aries Duforc u Co.,
of LYONS. the silk markets OF that cty sui
show great depression. About three weeks
hack some English buyers OF SIX piece-sooos
began TO arrive. Little encouraged, now
ever. bv the adverse turn Of fashion ana the
constant downward tendency OF the raw ma
terial. they only effected purchases AT prices
leaving heavy losses to manufacturers. Inc
bulk of orders for the spring season has sun
to be placed, and although the Paris trade Is
-aoain likely to enter only for small snare.
Il il hopeu that the wants OF the united
States. where stocks have been decreasing,
will be more important. London Times, 9th.
A PANlc-STRuck DEroslToR-How 1T AZ
rycTgp H1M.-Tbe New York correspondent
Of the Toledo Blade had mario" escape.
He was, so to speak, Sin the panic" 1t
came within O hairs breadth of getting into
him. He says: i had terrible experience.
Awaiting Friday morning rather later than
usual. i took the morning paper before i
dressed. The list of failures OF banks al
fricbtcd me. Dressing hastily, l rushed
frantically to The street, and throwing myself
into a cab directed the driver to drive furl-
ously, like the driving of Jehu, the son OF
Nimshi, to my Office. Suppose my banker
should fail! How blamed myself for sit
ting I'D the night before till II, instead OF
retiring mt 10, as iS..my custom! Drive, l
exclaimed. The driver drove. Minutes
were dollars to me. TO get the money out
was now the point. The office rcached, l
hurriedly directed the book-keeper to figure
ND the account and draw check for the
entire amount.
- will sign it, he said, "and then you
90 Immediately, as fast as your attenuated
legs Will carry you. and draw it. Get it in
large bills. will carry it on my person.
dislike to do it, but sclf-preservatlon Is the
first law. Make haste
How slow he seemed How / chafcu I'M
der the tortosc-like movements OF his pen
oil! Finally he finished. Then raising his
head he gently sighed:
sour account is oyerdrawn just exactly
sixteen dollars and ninety-thrce cents! -
Then came over my agitated soul sweet
and balmy calm! Then did sink back into
a state of absolute Iepose, and l looked out
upon the surging street with feeling Of III
difference that was lovely to behold. Ii is
an advantage to have nothing. Blessed are
the Door. But did consider it my duty to
20 to the president of the bank and assure
him of my undiminished confidence in tue
solvcncy Of the institution, and to say also
that in case Of a run would not join i'll it.
This seemed to give him new courage.
VIRGINIA CORRESPONDENTS OF HowEs d
MACY.-HoWes & Macy. who failed on We'd
ncsday, were New York correspondents of
I>aaes, Taylor II Williams, Richmond;
Franklin Bank, Rocky Mount; Board Il
Hirsch, Salem; Johnston & Check. Danville;
". d. CorSe & Co., Alexandria; j. w.
Whtchurst Il Co., Norfolk; Minor Il Co.,
Fredericksburg and Hinton Il Dunn, Pc