The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-09-23


English constitution in cases Of similar
emergency, namely; the suspension of
habeas corpus and the Peel currency act.
An instance Of more modern date was also
given, that of the issue of 5000. 000durng
the Black Friday panic by order of Pres
idcnt Grant. The people warranted you
in this stretch of power by reelection
unparalleled in the history Of the country.
said the letter in conclusion.
Interviews are published this morning
with presidents of various savings banks,
in which they are generally represented as
expressing confidence in their ability 10
weather tho storm
1920 a. m.-God opened at SITE amid
some excitement
1890 Il. m.-Thc Gold Exchange has
| lust closed the same as the Stock Tx
change SLIP has been established rs the
/ basis of settlement. The rate Of interest i
fixed at ! per cent. for carrying.
/ 10 10 4. m.--Thcrc is run on the Scaman,'
| Savings hnnk in Wall street
Edward lIaight thinks his firm viii I've
| able to resume in few days.
/ The following notice is posted in the
| United States Suh-Trcasury.
Purchases OF United States bonds TO-.
/ day will include all the different series Of
5.20'- Payments will he made in currency
ut the rate of al. lO;? and accrued interest
/ in coin
Fifty thousand dolNi- worth have 80 far
been purchased Small amounts from in
( diyiduals will he bought. that not being the
intention OF the government in authorizing
I the purchase.
\ meeting of the directors Of the various
savings banks is now being held to decide
/ upon the adyiSability of compelling deposit
ors TO wait sixty or thirty days. as their
charter allows. The banks are generally
open. Crowds of spectators throng the
lower streets Of the city hut the excitement
IS less than saturday.
ll30 a. M At meeting of the direct
oIs of the Scamen's savings bank, il was
decided to pay Immediately Sums of 500
or under. All amounts over that sum will
not he paid before thirty days rs the char
ter allows.
Lila M. Mr. Camp Of the clearing
house states that all the banks have pulled
through, except two, and those two are
now settling through the loan committee.
ll.50 am \ Yun ha, begun ON all the
savings banks throughout the city. The
crowds ore much larger ON The cast side Of
town on the west. and the utmost excite
moni prevails. One Of the largest Of the
saving. banks has already paid in 5000 in
excess nC ils daily payments 1t is stated
that the majority of the banks will take
advantage OF their charter which allows
them from thirty 20 sixty days time.
PURCHASES OF BoNp-
Noon. Two million of bonds have been
purchased by the sub-trcasrry mp TO His
hour
CERTIFICATES ISSUED.
The clearing mouse loan committee have
issued two million and Il half of loan ccrt-
licGlcs thi- morning.
l?,3o p.m The unlional bank, are
| promptly meeting all demands. The say
ings hank, are nominally in q state of -'is-
pension merely rs At relief To nationals,
i'li'Eo' IN STATE OF fEEliNG.
( pm the clearing house statement
has been male public. and all the banks
/ have been cleared satisfactorily. The feel
ing among all GLASSES OF people down town
is one OF great relief. There are no runs
on any OF the banks, There are no more
than the average crowds IN Wall and Broad
streets al this hour. and the general cy-
preston is one of momcnialilv growing
/ confidence. \ tour of the national ana
/ savings banks OF Brooklyn develop, the
/ fact that there i, more than IT," ordinary
/ the channels Of financial or other business
in that city. Excited crowd, still throne
/ Wall. Broad. New Nassau and other streets
: in the vicinity Of the Stock and Gold EX-
changes The rcpor, published that run
/ on the savings banks would he madc to-
day was rather premature. \ tour around
the east side at noon found everything
quiet. and more deposits than drafts arc
being made. The banks are general,
ayaling themselves of the provisions OF
their charters. which empowers them t,
compel sixty days notice from dcpoeiior,
desiring to Withdraw their accounts.
ll5 pm. Only 5000. coo worth OF bond.
have been bought at the sub-treasury since
10 O'Clock. \ considerable falling off IL
the number of sellers.
The following cash bids we've made or
the street Central 81, Wabash 30. Rock
Island ss@90. Western Union TELEGRAPH
-
There is considerable inquiry for -tocks
on the street, investors with grecnbacks il
hand seeking 60 purchase, hut the prohib
ton of the Stock EXCHANGE preclude.
transactions.
BANKS rAYING PROMPTLY.
The national bank, are paying all de
mands made upon them that looks like lc
Ultimate business in greenhacks, but any
thing like Il run is paid in certified checks
which must pass through the clcnrin.
house.
l;30 p. m. The feeling continues TO i'm
prove in financial circles, and there is con
siderable dealing in stocks outside of ia,
bonrd for cash, prices ruling strong, Tit
crowds down town are diminishing.
PERSONAL.
New IoRE, sept. ~.
Petite Cooke and Hugh McCulloch arrived
by the Egypt and will he in Wall street by
one o'clock.