Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-30
Mechanics Discharged by the Hundred
at Various Points.
Cbicago Receives ss,OOO,OOO.


Chicago Receives S8,OOO,OOO.
CHICAGO, Sept. 29.-The financial pros |
pect in this city this morning is decidedly
brighter, and although there are still some
who are not so hope full, the general feeling
is uuquestionably cheerful and confident.
The Union National and Cook County
National and National Bank of Commerce
banks opened their doors and resumed busi-
ness at the usual hour this morning and al
though they have paid considerable money
there has been nothing that could be called
run upon either of them, while there have
been considerable deposits made. The in
fux of currency from New York and from
the country continues to be large, not less
than three millions having been received
during Saturday and Sunday. Of this in
coming currency good proportion goes di-
rectly into the bank, the rest into the hands
of commission merchants for the purchase
of grain by outside parties, but it all tends
to relieve the present s.ringeDcy. So far as
| can be learned there is no urgent demand
from country banks upon their correspon-
dents here and in all quarters confidence sp-
pears to be returning.
| st. PauI-Purchasing of Wheat Stop
ped.
ST. PAUL, Sept. 29.-All of the st. Paul
banks respond to all demands in currency,
and have done so all the time, With no
| thought of doing otherwise. There is no ex-
| element or alarm here, and aside from the
stoppage of the purchase of wheat business
| goes on as usual.
MtlwaHkee.
MILWAUKEE, Sept. 2S.-The Chamber
| of Commerce met this morning, but ad-
| journed till tomorrow noon, allowing trans
actions TO- day and urging the settlement Of
all outstanding contracts by arrangements
between the parties, or continuance till the
| property can be paid for.
Cairo-Merchants Ask Banks to Sus-
| pend.
| CAIRO, ILL, Sept. 29.-In compliance
with resolutions adopted by the Chamber
| of Commerce this morning, requesting the
banks to suspend currency payment, the
two National Banks Of this city will to-day
adopt plan similar to that adopted in
| Cincinnati and other cities, giving certified
checks or exchange in payment of checks.
| New 0rleans-Greenback at per
cent Premium.
NEW ORLEANS, Sept. 90 Currency in
demand, opening o. per cent premium,
closing easy at 667. Liberal remittances
are expected by express.
Charleston Asks Grant for $4,000, 900.
CHARLESTON. S. c., Sept. 29.-At
meeting of the Chamber of Commerce, this
morning, one of the largest assemblages of
bankers and business men held in this city
in many years, the following resolutions
were unanimously adopted:
Resolved, That the President be instruct
ed to prepare memorial to the President
of the United States and the. Secretary of
the treasury, praying that the Secretary
place and maintain on deposit with the AS
sistant Treasurer ct Charleston S5,OOO,OOO,
to be used by him in the purchase from the
banks of exchange on New York, and that
such memorial be forwarded at once to
Washington in the name of the Chamber OF
Commerce of Charleston.
Embarrassed Students.
CHARLoTTsyILLE, Sept. 29.-In conse-
uuence of the money crisis the University
of Virginia has made arrangements fol
credit to all students temporarily embar'
rassed.
JenersOnvilIe-7OO WOrkmen TO be
Discharged.
JEFFERsoNyIILE, Sept. 29.-The FRS
National bank of this city opened an houl
! later than usual and declined to pay checks
! except for small amounts on account of the
, scarcity of currency. The Citizens
National bank is meeting all demands made
|, upon it. 1t is reported the Ohio Fall Cal
and Locomotive Company will suspend al
: operations at that mammoth concern, there
4 by throwing seven hundred men out of EN-
| ployment.
Columbus Manufactures UndIsturbes
COLUMBUS, o., Sept. 29.-The fnancis
trouble has as yet had very little effect upol
this city. While all the banks have pre-
: | pared for q run, thus far this precaution ha
proved unnecessary. Instead of disastrous
: " affecting manufacturing establishments
there is the usual work going on, and a
|, skilled mechanics find demand for thei
u labor. New manufactures are being BULL
: and all the old ones are running full sets c
!. hands and cannot ill their orders. Th
banks buy Eastern exchange very cautious
: ly and discount scarcely any paper. Their
. has been no concentrated action among tn
bankers, each preferring to attend to thei
= own affairs.
PhiIadeIphia-AW Wool Suspension.
:. PHILADELPHIA, Sept. 29.-Benj. Bu
ir lock g. son, extensive wool dealers, sus
; pended this morning far large sum, bu
They have ample assets to pay all their OF
legations. Their suspension was caused b
the failure Of the Glenham Manufacturin
e Company, Of New York, who owe theI
u about 100000. Joseph Bullock, one c
. the firm, is director OF the Corn Exchang
: National Bank, but they owe that institu
( lion only $4,000, which is covered wit
collaterals for twice the amount. Th
|, affair has caused no unusual excitemen
and in business circles generally there IS
confident tone.
~ Reading-A Priest Going Surety fO
- the Banks.
+ READING, Sept. 29.-Business In thi
e city is progressing quietly and the bank
" are promptly meeting all demands. Fathe
o Boremsn yesterday announced at ST. Paul
,s Cha: holic Church that if his hearers ha
Al money in the banks and doubled its safetI
ID he would guarantees its payment.
II rsOn-Discharging Mechanic
it PA CTERsoN, n. j., Sept. go wing t.
ID the difficulty in getting money, the Graz
It Locomotive Works will discharge 175 me
o to-day, and the Danforth Works about on
hundred more.
y, The City of SpindIes.
4. LOWELL, MASS Sept. 29- The bank o.
le ficials of this city at meeting to-day dec
Ie ded to follow substantially the action Of tt
bank in other cities in regard to currenc
g payments. Ample provision has been mad
s. TO meet the corporation pay rolls due Il
Ks present month, amounting to $4,000
Id There has been no indications of alarm b
Savings bank depositors.
BOstOn-A DefaIcRtiOn.
y, Boston, Sept. 29-The officers of tt
80 Boston and Charleston Savings banks hay
at resolved TO require notice of withdrawal I
y, deposits, and for the PRESENT will only pa
rt drafts for small amounts.
si- Owing TO adjudication of forty thousar