Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-20
DepOsitoIs Re. Give Their Money
p bmptly.
The E-CIfenent slowly subssdiny.

MT. Y. Oh VI hbVCU, states
that owing to ThuICday' g failures great demands
came so suddenly ard Unexpectedly on their
horse nat they could not be readily net.
There was no time lett in which to obtain money
on the asSests of the firm, or to collect money
due the firm. The house made heavy advances
to the Central Pacific, which, however, is not
the cause of their SUSPENSION, their advances to
the Chesapeake and Ohio having brought them
down.
WHAT GEORGE B. ALLEY SAYS.
George b. Alley, is well known in connection
with fast horses-having raised Dexter-says
his suspension is caused by the general decline
in stocks, especially Vanderbilt stocks. His
liabilities are not large, and he expects to re-
sumo soon. Greenleaf, Norris & Co., are an old
ard wealthy stock firm.
PAYING ALL DEMANDS.
The London firm of Jay Cooke Sc Co., paid
cash over the counter all day yesterday, not
outstanding the run on the house. Mr..
Fahnestock, of the Philadelphia firm said yes
t:rday that they hoped to pay all liabilities
Mr.. Garland, another member of the firm, said
the London house will have a large surplus after
the payment of all its debts, unless there is
scat shrinking in the value of their securitie5
UNSETTLED MARKETS. .
The grain and provision markets are all I'M
-ettled by the Wall street panic. State and
railroad bonds and city bank shares have been
practically neglected, while dealings in rail-
road stocks continued on an enormous scale
The principal ,ransaciiOrs Yesterday were in
Pacific Mail, Central and Hudson, Western
Union, Rock Island, Wabash, st. Panl, North
western, Lake Shore, and Erie. outside pur-
cha ers continue in considerable numbers on
the declining market for investments, which
aidHd in Strengthening the market yes; erday
attel noon. Assistant Treasurer HillhOuse saws
IT 's in the power of the national banks to avert
further disaster, and they will undoubtedly
10 1t.
BANK PRESIDENTS IN COUNCIL.
The pr" sidents of tue nat onal banks of New
York held an important meeting at the Fifth
Avenue Hotel yesterday evening, at which they
decided to unite in support of each other and
- disregard the usual restrictions IN t)-days
dealings. This will give great relief - the
hnancial community, by enabling the banks -
depositors, and Will do much to restore conf
dence.
THE FIDELITY TRUST COMPANY.
The Fidelity Trust Company of Philadelphia
did rot Gle at 3 p. m, but continued to meet
all demands, receiving checks as late as five
sdrd dollars bad b en- paid out. Mr.. Browne,
tue pl dent, SAID he world keep open until
OTs that the restitution was in sound condition
ard able to meet all claims.
PRESIDENT GRANT
was IN philadelphia lest night, and YVES called
upon by prominent and influential gentlemen,
who, it is said, urgcd the government - do
something to strergthen the money m arket.
THE FEELING IN ENGLAND.
The London Times says: "In View of the ex-
tr2ordiDary prosperity OF he United States and
he high price of government bonds the present
must be regard ID - a simple effol of the finsn
eIal system - get rid of its dishonest element"
The Daily Telegraph lays such local trouble Pc
suspensions in New York s2ens to be merely
the rark outgrOwih of exuberant prosperity,
ard aces scores TO progress which does not TO- a
moment halt.
TIE GOVERNMENT TO THE RESCUE
At 1880 O'Clock last night Secretary Richard
son sent dispatch to the sub-treasurer at New
York, 'rstructing him to purchase ten millions
oil bonds to day. This sudden outpOuring of
money on the New York market will, it is
thought, ease 1t and assist in allaying the panic
produced by the financial disasters of the past
Two days.
FOUR ATTACHMENTS ISSUED.
The Bait Gazette o. this morning SAYS
yesterday, in the superior cortt, attachments
on warrants were issu"d rs follows: National
Bank OF Elkton against Jay Cooke & Co., for
$500; Cecil National Bank against Jay Cooke &
Co, for 81 SIG; the Chesapeake Bank against
the First National Bank of Washington, for
S3,OO0; and James Kennedy, of Washington,
against Jay Cooke & Co., for 1858. The at
tachments were placed In the hands of Sheriff
Kane, and served by him upon Messrs. Johnston
Bros, bankers of this city, who STATED, how
ever, that they had settled with Jay Cooke g.
Co. some three weeks since, and had now no
money of theirs in their hands. The attach
m mt, served out by MIR. Kennedy, of Washing
Ton, was also served upon the Chesapeake Bank,
but the president. Mr.. Cuttings, stated that his
bank owed Jay Cooke s. Co. nothing.n
The Feeling iu Warrington To-day.
Approaching the public desire lor ~ rorma-
ton in regard to the cul rent financial panic,
The STAR has devoted large Dol on of its
space for the last three days to giving by far the
fullest end most accurate accounts of this affair
that has appeared In any paper. And as TIE
STAR IS universally read, and tally enjoys the
public confidence, the detailed intorma on we
have presented has served to cal N excitement
and give assurance that our own banks, with
the exception Of those first crippled, (Jay Cooke
& Co. and the First Nationally are abundantly
able ~ sustain themselves
Below we give full particulars of the cordition
OF affairs to-day, showing that, however wild
me panic yet prevailing in New York, in this
city it is rapidly subsiding, the lun on the 40
saving banks dwindling perceptibly, and prom
Using coon TO exhaust itself.
FIFTEENTH STREET TO-DAY
III 10Th street yesterday was quiet, the only
expression which would iully convey an idea of
Its sluggish appearance to-day would be to say
It is virtually dead dull. The usual activity in
the gathering of all classes Of business men -
receive accommodations in paper has tempo
rally subsdcd. The thoroughfare now wears
Sunday ASPECT, and quiet rules, instead of the
wonted hustle and life incident to a financial
center. The effect Of the suspension of the
banks on business, particularly with the real
e,tate, note and money and ir iurancc brokers
aiong 10Th street, Is apparent, and manifests
it.ef by deserted Offices and unOccupicd desks.
Inc other banks along 18th street are tram act
say, even this hardly corresponds with the &C
tiylty displayed q week ago. The shock re-
ceived, both unexpected and hardly realized,
mas spent Its force, and With characters tic
equanlmity our business community
HAS ACCEPTED THE SITUATION,
and calmly awaits coming events. There 's one
gratifying feature about the matter, and that is
that the suspension . deeply lamented, and
universal sympathy Is extended to the great
nrm' which for years past has been held in such
ngn estimation by all having connection OF
dealings with ii; and withal the imprc ssion ID
| almost universal that at no distant day the
washington firm of Jay Cooke & Co. will re-
open It's doors and resume business-an event
which would be hailed with delight from all
| quarters.
CONFIDENCE RESTORED.
| The action of Secretary Richardson, in order
ing the purchase Of ten million of bonds, has re-
] stored confidence. Bankers who are well versed