Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-24

less class who will demand their pound o
flesh with or without blood, but It is for th
| interest of all that concessions should b,
m de for the pubic good, which now EN-
| phatically means the good of individuals
We trust the committee will act promptly
on this suggestion.
Mayor Hatemeyer Has His Sag.
This afternoon, Mayer Havemeyer. ate
consultation with several gentlemen decided
to issue an address on the present financia
crisis, and transmit it to a special neeting
of the Board of Aldermen which was called
for to-day. When asked what bis view.
about the panic were, the Mayor said he
had intended to advise the workingman and
laborers of this city not TO continue the run
on the various Swings Banks, as he felt as
sured that their deposits were perfectly SO.
cure and that run during the present
panic might possibly result in the loss OF
both principal and interest.
importers Unterrified.
The effect of the panic upon the import.
ing business or the withdrawal Of goods
from bonded warehouses for the current
demands Of trade is hardly pereeptible, as
shown by the receipts of duties. On the
18th the amount received at the Custom
House was 1928, ,l52; on the 18th S52S, ,101;
on the 10Th S232, ,059; on the 20th ssh, ,359,
and on 22d $685., ,2S0
Rough ON American Travellers.
The following private dispatch is pub
lished:
London. .Sept23.-Messr Jay Cooke, Nc.
Culloch s. Co., are throwing out drafts
drawn by Jay Cooke & Co., and which have
come TO hand sir ce the news of the sus-
pension was received.
Forcing the Trust Company into
Bankruptcy.
Further inquiry into the petition in bank
ruptcy against the Union Trust Company
has elected the fact that Kendrick & Co.,
brokers in Wall stree, are the petitioning
creditors and that the petition is based up
on allegations that the company refused to
pay check of petitioners for $52, 1000 as far
back as the Both ult., on the ground that
the check had not been through the clear
ing house, when in fact the Trust Company
well knew it had, and the Trust Company
by collusion with other parties endeaVored
In the most uDjustifable manner, to en-
barrass the business of the petitioners. If
petitioners succeed In having their pstition
granted an assignee in bankruptcy will sue
ceed the receiver now in charge of the COM
pany's assets.
A director Of the Union Trust Company
said to-day he had no idea when business
would be resumed. Attachments had ceen
issued against the real and personal proper
ty OF Charles I. Carleton, the missing Sec
retary.
Reported Dry Goods Failures Denied.
An evening paper says: During the last
two days $500 shares of Rock Island stock
has been transferred to names of outsiders
who have invested the lots ranging from
five to one hundred. If the Exchange Is
kept closed few days these outside pur-
chasers will afford great relief. Clearings
of gold at the Exchange bank today III.
millions. RumoIs circulated on Wall
street this afternoon that two prominent
dry goods houses had failej }, proved, on in
vestigati0n, to be entirely without founda-
tioD, and were doubtless circulated by
spectators for the purpose of bulliDg gold.
Another $4,000, GOO Loan Certificate.
The Associated Banks will hold meet
ing to morrow for the purpose of making
arrangement for the issue OF another ten
million dollar loan certificates, the $10,0O0,-
600 issued Monday having been exhausted.
Mr.. Meigs, Government Bank Examiner,
after examination of the affAirs of The Ma
tional bank of the Commonwealth expresses
confidence that depositors will receive every
dollar due them.
Senator Morton Interviewed.
Senator Morton is still in town waiting
the financial situation with great interest.
A. Tribune reporter called on him at the 5th
Avenue Hotel 70 inquire whether he
had received any intimation of further ae-
ton by the President. The Senator ssid
he was not authorized to speak for the
President or to say that he was prepared to
do more than he had done. He hal thought
when he left town on Sunday night, that
the remedy adopted will prove sufficient. If
he should become convinced that it was not
enough, and that the panic was increasing,
the Senator thought he would do whate7er
be could within the law to restore conf
dence.
SeDstor-Reverdy johnson was of opin-
ion that the President was not authorized
to take money from the Treasury and de-
posit it in national banks. There were al o
doubts of the Legality of purchasing bonds
not yet due. 1t was therefore difficult to
devise way Of relieving Wall street with
money from the Treasury. The President
would do all he could, but was very desir-
Gus of keeping within the letter of the law.
Reporter-What effect do you think the
excitement of to-day, and par rticularly the
failure OF Henry Clews & Co. will have on
Gen. Grant?
Senator Morton-The failure of Henry
Clews will hit him the hardest of all. Poor
Henry! am very sorry for him.
Reporter-I see that the President has
returned to Long Branch to-day. Do you
expect him to come over tomorrow and
look after matters himself?
Senator Morton-No; l doubt if he will
come. As soon IS he gets here he is at
once surrounded by a crowd of self
constituted advisers, and think be will do
as well there as hera