Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-23
WASHINGTON.
Is Richardson Using the Reserves! !
And Furnishing Food for Fresh Spec



And Furnishing Food for Fresh Spec
ulatiOn?
WASHINGTON, Sept. 22.--The President
and Gen. Babtock returned this morning
and registered at Wizards Hotel. In the
course Of the morning the President called
at the Treasury Department and had con-
ference with Secretary Richardson. The
result of it may be inferred from the fact
that subsequently the Secretary stated that
the President VII do anything within the
law, but in no particular will he go beyond
his clear legal suthority. He will maintain
the safety Of the Treasury Department and
protect the credit Cf the United Ststes from
the Influences Of the present financial en-
barrassment. In answer to inquiries, moth
ing was elici'ed to strengthen the report
that action will be taken IN regard to placing
part of the legal reserve at the disposal of the
New York city banks. Treasury has suf-
ficient amount Of currency on hand to meet
all legitimate demand.
$40, 100000.
The President had an, ther interview OF
more than an hour with Secretary Richard
son at the White House this morning, at
which Secretary DelaDo and Postmaster
General CressWell were present. 1t has
been decided to send twenty millions from
the National Treasury here to Assistant
Treasurer Hillhouse in New York tonight
10 enable that officer 10 buy al the bonds
that may be offered. The President feels
encouraged at the news to-day and will be
guided y circumstances as to whether he
will lea7e tonighJ. Secretary Richardson
has been receiving kilograms from New
York every few minutes during the day
posting him as to the condition of affairs
there,
An EVasiVe Answer.
In reply to interrogatories this morning,
he said everything was more encouraging.
and the government would buy bonds just
as fast as they were presented. He has
plenty of money and would give it out to all
who come with their bonds. When the
question was asked whether or not this
money to pay for bonds would come from
the legal reserve, he answered: "Never
mind about thst; will attend to getting the
money. The Government is sll right and
intends TO keep So"
Official Contradiction.
The S 1crei ary of the Treasury contra
diets the statement that the Navy account
has been transferred from the banking house
of Jay Cooke, Mccullough & Co., in Lon
don, to Clews, Habicht & Co., and declares
that there is 10 intention of making such q
transfer.
Relaxation.
The President and his Cabinet, with Gen
Sherman and the Governor Of Maryland
| bsve signified their intention of attending q
| fair to be held at Westminster, Nd, on the
1st and % Of October.
New York Stock Exchange Opens
Wednesday.
Secretary Richardson received the follow
ipe dispatch from New York to-day:
| ESMercsntile business progresses IS usual
Wall street is clearing itself. The people
ioin in congratulstion to the President ant
Secretary Richardson for their stability. Tht
Stock Exchange vii! be opened Wednes
day."
The run on the Freedman's and Wash
ington City Savings Bank has nearly sub
sided.
The Revenue Distiller.
Jonathan Merriam has been appointed
| Collector of Internal Revenue for the 8tl
Illinois district, vice Harper, suspended.
| Grant Smells q Rat.
In an interview with DR.. Blake this after
noon the President said there had beer
much talk of corruption and stealing in tht
District government and he had selected
| DR.. Blake knowing him to be one OF the
most conscientious citizens of Washington
in the hope that if anything were wrong i
would be promptly ferreted out and re
ported.
The President will leave here tomorrow
morning for Long Branch.
The Panic Over.
In conversation to-day, Secretary Rich
ardaon stated his belief that the psni
was now st an end, and that there need b
no further apprehension OF trouble. dc
had no fear Of any wide spread disaster re
sulLiDg, for this country is in very prosper
Gus condition, which was shown By the fac
that throughout the panic there was no call ol
the National Treasury for assistance, excel
from New York, slight ore f.om Phlladel
phia, and still less from Washington. Fron
the West and South there had been no re
quest for aid, and he had 20 idea that ther
would be. He further stated that tn
Government would continue to purchas
bonds as long as persons would bring then
but did not suppose they would be otfere
many days. -.
Treasurer Spinner is is very sick wit
mslarial fever.