Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-10-23
FINANCIAL.
Grants Latest Letter on the Panic.
a Government without a Policy.

a Government WlthOut u Koiioys
Who Runs the Federal Treasury
Richardson, or Grants Pets
NEW YORK, Oct. 22.-The mystery
surrounding President Grsnts latest imam
cialIetter promises to be cleared up to-mor-
row. as a general meeting of the Ciesrlng
House has been called at the request OF
President Williams of the Metropolitan
bank and six other bank officers in regard
to this letter. 1t is stated that Mr.. WE
Iiams sent a communication to Presidect
Grant last week through the hands OF MT.
Anthony, of the firm of Anthony q Han,
and that the latter gentleman had consul
tation of two hours with the President az
Washington. The result of this was the
reply TO this letter which was carried bacE
BY Anthony and also verbal promises 70
| the same gentleman. Tbis letter and the
| verbal promises are In vein that the Pres
| ident recognizes the depression now exist
| ing in the manufacturing districts of New
| England; he advises the banks to extend
further discount facilities by a free use OF
loan certificates in the Clearing House,
while he will assist Unnecessary by encroach'
| ing liberally on the forty four million dol
| lars reserve In the purchase OF exchange
and bonds, and also by paying out on &C
count of accruing obligations.
| Some accounts are that the President VIII
put out three million dollars per week for
| some weeks to come and others are that be
viii buy five million dollars worth of ex-
| change and ten million dollars OF bonds
with legal tenders.
Telegrams from Washington this evening
depy this whole business on the authority
of Secretary Richardson and Gen. Babcock,
but there are some bank officers who have
seen the letter and Mr.. Anthony also asserts
positively that he had an interview with the
Presid mt and brought the letter 10 tnl'
city.
Andrew JOhnson's Prospects for hil
| $4,000.
A Washington dispatch says the receiver
of the First National Bank is busily engaget
daily in verifying the accounts presented
against ths bank aud in the course OF two
weeks expects to announce dividend o
thirty per cent.
Jay Cooke e. Co. Bankrupted Two
Times.
WASHINGTON, Oct. 22.-Auother case o
alleged bankruptcy has been filed IN cour
against Jay Cooke s. Co. The petitioner II
Benjamin P. Buckner, formerly OF Texas
and an order has been made to show cause
returnable on Monday, the 27tb. This no
tice has been served upon 81. n. Cooke q
Co.. and w. 81. Tennis, the latter being al
alleged partner of the Washington honse
The petitioner comes from Texas, and statel
that be deposited with Jay Cooke q Co.,
certificate of deposit for $4,000 and 81 ,OO
| lnrnoitnr and RnQnRQ6 on
$400, leaving to his credit $4,000, which D
now claims.
An Expansion of $4,000.
The outstanding legal tenders are 1853,
S46, ,4sS.
Over n Ton and Half of GOLD.
PHILADELPHIA, Oct. 22.-Eight hnn
dred and ffty five thousand dollars, coined
in $40 goli pie aes, was delivered this morn
ing to Superintendent Pollock, at the Phll
adelphia mint. The gold weighed over
ton and a half.
New York City Banks.
A statement cf the condition of As Nav
York city National Banks, Oct. =, shows
reserve Of "A 2-5 per cent. The bank
owed this year to banks and bankers oul
side the city $13, ,177,000 more than in DC
tober of last year, and to individual depos
tors about ST, 900 more, making thei
total Indebtedness to deposits about Sl4
600 900 mere than last year.
One of the prominent features OF the re
concentrations which will be made in to
report of the Treasurer ofthe United State
will be IN favor of issuing 3 series OF cur
reney bonds, convertible into greenbacl
and bsck again into currency st the optic
| ofthe holder