Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-09-26

EASIER IN NEW YORK.
SUSPENSIONS IN RICHMOND.
an ENTHUSIASTIC P U = L l
NETTING IN THAT CITY.
THE TEOPLE TO THE RESCUE
ALL SERENE IN CHARLESTON
NEw YORK, Sept. 24-Noon.-The
ten million loan certificates are ex-
bansted, but the associated banks viii
;ss1e ten millions more to-day.
The Bank of the Commonwealth has
hqen sued for collaterals, which they
cannot produce upon the tender of the
amount loaned.
Carleton, Secretary Of the Union
Trust Company, has friends who are
in treaty with the bank for settle
ment of his defalcation.
Henry Clewes claims that his sccrl-
rites would be far more than ample
in ordinary times. He may resume
when the money market improves. -
They have published their correspon-
dents, which include "a National and
State banks and 80 private bankers.
Ii is stated that the Western ship
rers Of grain have been advised to
hold off on account of the difficulty to
meet sight drafts.
The Stock Exchange will remain
closed until further orders.
The Sub-treasury is Offering 10
L
cited feeling Western Union, 62 bid,
a asked.
Howes x Macy have suspended.
LATER
The Sub Treasurer has bought a
half million in bonds.
The Bank Presidents have been au-
thorized to issue another $4,000, 600
IN lean certificates.
Macy, of the firm of Howes & Macy,
saws that all the houses like theirs,
having large number of depositors,
must suspend.
Brown & Gray, of Wilkesbarre,
Penn, attribute their failure to Henry
Clews The miners were large de-
pOsitOrs.
PATERSON, n. J., Sept. 24-Noon.-
Four hundred and fifteen locomotive
men were discharged from Rogers
Locomotive Works this morning,
making one thousand in all and two
thirds of the force
LONDON, Sept. 24-NoOn.-Clews,
Habitch Il Co., have decided to sus-
pend. They are liable to account to
Henry Clews & Co. for e24O, O0O.-
Their own liabilities are f64 900,
which they can meet, but not those of
the American house.
A Berlin dispatch announces the
failure of bank in that city.
WASHINGTON, Sept. 2l-NOOn.- The
Freedman's Savings Bank is enforcing
the legal thirty days notice from their
depOstOrs.
NEw YORK, Sept. 24.-Night. -
Brown & Watson have suspended.
2. M.-All is quiet about the
Savings Banks throughout the city.
No suspensions of payment have oc-
cured to-day. The Directors appear
to be more confident.
Two and half million of loan GER
titicatos have been issued by the
Clearing House. The Government
bought over s., 800, 900 of bonds.
$50 2. M.-The street is very quiet
at this hour. The day closes hopeful,
but rather gloomy.
MILWAUKEE, Sept. 24-Night. The
Chamber of Commerce adjourned to-
day to Monday, the Doth. The reso-
lutlons do not interfere with former
contracts, but recommend that all
outside trading cease.
CHICAGO, Sept 24- Night. - The
bank clearances are good and a com
Portable feeling prevails.
RICHMOND, Sept. 24-Night.-The
Dollar Savings Bank closed this morn
ing. 1saacs, Taylor & Williams. bank
er5, nave suspended on account of the
scarcity of currency, their assets being
double their liabilities. In both CON
Germs the stone-cutters employed at the
Government Stone Yard, were deposit
torsto large amount. There is con-
side able excitement i'll the neighbor,
hoot of the banks. There WAS Il run
of snail depOsitors on the banks, but
all d them are holding out as yet, and
will doubtless weather the storm
thrclgh the day. The Freedman S
Savings Tank require the legal notice.
tl01s.
Richmond, ;September2f- Night. A
melting of merchants and manrlfactu-
rerz including members of the various
commercial associations of the city,
was held at one o'clock, and was the
largest gathering OF the kind ever held
mhchmOnd. The greatest interest was
manifested III the present financial
cllas, and series of resolutions were
adDted with great ulnanimity, in eff
fec as follows
That the present condition of af
1aIs III Richmond las arisen from
cases and Influences external to bank
mG and mercantile business, therefore
IN Iowise attributable to irregular OPP
ertlons or undue expansion on the
pat of the banks or merchants, anC
tia the banks Of the city are ut pres
eut believed to be of undOubted sol
Velcy, and that no loss can result t.
cr6!ItOrs, if the banks are allowed t.
proceed as heretofore that the meet
Ias deprecates the uneasy feeling pre-
yallng in the city, as tending to pro
duee a panic and run on the banks
thereby being likely to cause their sus
pension, as well as to arrest and over
th:ow all business; that in view of TIN
Sweeney of the banks and to prov
their confidence therein, the member
the meeting pledge themselves t.
alStaln from running the banks ant
cmtine themselves to strictly regula
ard necessary checks and drafts II
tie course of business, making then
as limited as practicable and continu
as heretofore to make deposits, AM
,lat they urge npon all persons havini
BUSINESS with the banks to pursue hk
course of confidence, thus avoiding
the greatest contingencies of prostra
ton and disaster.
There have been no further suspen
SONS reported.
The banks all held out till the clos
ing hour, paying up promptly.
The excitem, mt has greatly subsidized
CHARLESTON, S. c., Sept. 24-Night
Money Is so stringent here that II
"ph CATIONS are contracted, and a
business is limited in amount. Their
IS some demand for cotton ut To-
hgures, but the difficulty in negot
atin8 stops all sales, and the relic
from that source is slow in coming
Factors would, at the moment, az
cept Low rates for most articles {