, 1873-09-21

wnh refused payment Of cl,sck for 81 400 draft
to order unless ho would furnish Identification. flo
wont to Duncan In pcrHon, mud wAs finally refused
payment unless hc brought aomol,ody to identify him.
sceng that 1t VIVA suberfage to hold on to tho money
until Monday, tho trnwor Of tho check gsvo noltco
that he should protest within ivo minutes. On rcac
ing ir o1Ilco lie found tho ocrk Of Duncan, Sherman
b Co. thoro with tho money.
IT IS ptATnusT LIKE IH1a
which IA prccp!tating failures Of tho better inait-
tions. Tho gambling broker, 10 unior bcca,,so Of
the break In Stocks. Tho banks 20 down because Of
this d,irlsf. There III not Quo OF thcm which
sau continued ruin Of the sort occasioncd by this
diRtrns for 1t te c1acing unreasonable, aud pressing
THE wonaT nAB DEsN nsAonED
present appearances can be trusted It is not much
Of shower afcr all you will when tho clouds
clear away. md thus far not saunch, alcndy lcgt-
mato bBinona house but haa laughed At tho gnlc, al
ways excepting Tho Union Trust, and crime haa ut-
dortnfned that.
ITa The Assoafated Prt.s.1
TIE nANRs on THE DETRHH1vE.
New Yopx, Sept. 2o.--shortly before noon, In tho
midst Of tho panic, the aovor1lnG committoo Of tho
Stock Exchange determined to closo the Exchange;
banks mot It tue Now York Clearing gIouHc, and il waa
voted by ali the associated banks TINT they would isa'o
cericates 70 be Issued BY tho slannger Of tho ooar
70 any sssoeatea banl ngaina @ 9 ae a9p4ss @ @
sd6 & Z snso /. ss eos u
financial community to conyest their asaets
into money, temporarily, without any eaeri1ce
is simply mousn for converting securities into canh,
In tho prevailing panic tho scarcity Of money pre-
oerod ] Tor s.o Il ' sonstanty aooressins pricos w
sellaru. IL lis .se Of he bank certificates sny bank
can real2o money upon its asaca, and Will bo thus
ale to o1tcnd to III customers all Tho accommodation
for which they find security without compelling the
chnory therefore Of convorsion Ia onco moro pet In
operation, and is litcly to run smoothly, and a con-
eesns which have assets .,, will L.. find 1,. no
This action Of tho banks at the Clearing House
meeting gavo rio to feo!ing Of confidence on tho
aud tho impression obtained that the panic waa over
FoaEI9N EXCHANGE.
les Rr rSsssB sBoaa Henry oowas co. n
ths % pressure II tho past thrso days efash. "
WHY IT WENT UNDER.
Tho too coso adherence 70 tho str1ct letter Of tho
law By Assistant TroaBurer Hlhouse may DO partly
to r. esy s s s r. % 4S Gsp.y @
bonds dosrng therefor $1,000 900 greonbaoku to meet
surad tho Department That At he otcisl hour II m
for offering bonda this 81 900 shoud bo offered at
.uch figures .. you'd insure acceptance by tho Treas a.:
ury, This private offer was not accepted, and the
doors Of tho Trust Company wero closed.
OTHER DlaAsrEns QUICKLY FOLLOWED.
Tho Affairs Of the Union Trust Company IRE Noraa
than most people viii 10 prepared to hear. Tho aeunt
Of carlton'a aefalcation y large than At first 81
atternonn n cnnsssad tha oo.ton Of sppotntx 10
coiver Oaston has been Traced 10 two three DIFF
fcrcnt botels In town and over to Jersey City from
vhenco In tnnk TIM train Of tho Now Jersey Ueutrai
Railway last oyenlng, Tho Directors have
no effort to secure him. Tho efforts
sae bsr os tSs dyo1nins Committee Of tho stoct
Exchange gave T a. tia opinion. when questioned,
and tic cxcemont would have diol away without fur-
ther serious diHases but for the suspension Of tho
hun on rItx ,ioponEx f1usr RATIONAL,
Nv tho timo tat the oora Of tho Mrst Natlonal Bank
Of Eobokcn had orsncd this morning, about nifty do
teers vent to work and elosed .be accounts ~ rapidly
uB posabc. Tho crowd meanwhile Increased in size,
turn Tho IeposItors arc 1naking arrangements 10 hold
meeting early in tho weoE It is said that, Of the
iree share was in tic hands Of tic Bank Of tic Com
mnnvnaIth.
CITY FUND.- 1ooKEp ur.
It WAS ruu,ored his aftornoon That large amount
Of civ funds is spositcd in one Of tic suspended
banks, and that go1no county funds were with tho
o''oA -''1' 1 RUN oa uopoxrN pAsx, ...
The run on tho First National BANK Of HoboEon.
Wcre drawn cut but lie proinpuess viii WHICH ali de-
Institution, and much Of tho amount Withdrawn was
rcdopostted Tho RESOURCES and liabilities Of tho
bunk arc each placcl at $747,0Oo. Tho managers
Of the Hoboken Bank for Savings aaseFt
@ the dofslcaton M Of tho aDssondng ocer, and that no
trouble would hnyc occurred hut for tho facility somo
persons have to securo tho publication of ca
sEonErAaY n1onAansoH TEIEonArnEp FOR.
Tho President arrived at tho Fifth Avenue Hotel
this evening from Long Branch aud i,n1netlIntely tel
egrnnhed Secretary Richardson to meet him In Now
New York Tomorrow morning. p. @. Calhoun, presi-
dent Of the Fourth National bank; u. +. Vail,
CLOVIS, Horny g. stebbins Mr.. Taylor, and
otler prominent nnaneora have boon invited to
n1a