, 1873-09-21

universally Kind feeding toward Jhy Cooke A1cou-
'eh oS wA0 continue business Z nG''s e. cArrx.n
CHICAGO.
THE NEwB Received YESTERDAY
OF continued nancla disaster and c1ctement In New
York, caused corresponding furry in this city.
There wcro fow nervous people who imagined that
everything going by the board and TINT their dol
lara only safe In their pockets by day, aud under
their pillow by night. Dusinesa went uaua, no
erent OF importance transpirng unless the temporary
suspension Of the
yRAEKL1w SAVINGS DAME
- minor inBttution-could be 80 regarded. Tho
savings banka did than their nsunl business,
dopostors handed In their money with undimnisl.ed
confidence, and the amounts drawn out nos
greater than On any other day. Bank officials fet
screno and looked upon tho panic In New York. one
ofthe inoidonta Of reckless speculation which could not
materially afTent Institutions whose operations we're
limited to legitimnte transactions. They did not
ucipate anything like run.
TIE RAY1Hds pANHs.
Mr.. John q. Hainss, President Of the Fidelity Saw
ngs Dank believed the panic practically over and
that there wns no OCCASION for hlarm. Being pskcd
whether, In case Of run, the savings banks would n
ply the si1ty-dsy rule, he said hnt In such event.
they could take advantage Of the cause in their char
tcrs, according to which tho depoators compelled,
II the banks demand II, to give sixty dayB notice be-
II
Hanes did not believe tho notice would be demanded
There had been no unusual demand Ior money Ut tue
Fidelity.
Mr. J.. O. Carke President Of tho
u1pEnH1AN BANKING ASSOCIATION
another savings institution saw 10 occasion for e1-
otomeut, and felt sure there would be no trouble.
Like Mr.. uaines, he could not foreHes any
necessity for enforcing tho ti1ne-clause.
He was opposed to It on principle,
and tho faure Of lot Of brokers in Now York could
not da1nage Western banks, and would not DO needed
except by few who were tottering anyway, and might
take advantage Of tho to close doors which, In
any case, could not be long kept open. They wcre
prepared to meet ali demands upon them, come when
they might.
Mr. wcstfal, Of tho
MEnouANGs' FAnnEns' AND MEouANros' pANR.
hnd nothing to say but that things wero moving along
MS USUAL without anything to he feared in tho future.
uc believed Now York had accn tho worst Of It, and
that tho excitement would at once subsiae.
NIL. HENRY onEEsEBAuM
believed things were coming out al right, and TINT it
tho Government catne to tho reef Of tho Now York
market there would To no moro futures. According
to the charter regulating the savings department Of
bis bank, doposltora aIWnya had 10 R1vo thirty days
notice before dra~1n8 larger amount than $1oo.
There was no ca,lse foc alarm III Chicago.
The Caahicr OF tho
... sTArE kAv1Nas INSTITUTION
had given no thought to tho tmo-c'ausc It would be
soon enough TO take Into consideration when all tho
banks in New York had failed. lie could discern no
indication OF want of confidence in Chicago mud en-
tertained no srprehenhions Of disaater.
Tho testimony Of The .....--.
of savings institutions was to tho effect that Chicago
was rettesny sa1o 'nat no panic N NO" fofk was
Institutions would place our financial Affairs on firm
bssi,. and fnay srenatben te founaat,ons NJ n.ti.
sHaans s so,. 1.as.,.s.a @ s VI 4nA'''
TIE nA,InoAps.
M.h the view o. h tho sset pre'
~ ..ss.,...so.. ~ - ~. .a'. I -, tAn, "po.
.ne movement o1 tno ee1eas o1 mo 8fe0t West and
tho General Freight Agents Of the Chicago l.
Northwestern. Chicago. Durl,no,on b rn3nos
cht.ano ~. 49,, =. BsIa. os Ta.ncs'
onie"ao, .na, taoeA lHsano faanes ohacago.
Alton st. Louis, Illinois Central and
Chicago st, paul Railway Compauiea. and Ind tim
pleasure Of an agreeable brief uteryow on tho auect
WILD tneao eeVcsal gontlemon. In their statements,
made separately, there perfect accord, md their
views a. to tho probabilities In case Of continued
,aa,tco, MI. sa.n. ~. ~ @S 40oA'' "o41o "eto
1osn'c"'* LILO Agent OF tho
CHICAGO NORTHWESTERN
from tho various dtvtslons Of tbo Ina ~ ~ tbs en
.,naa .rs,s.a. a.. ~ ~ uo @ a. ~ 'ne nnnS
OF cars a'nce not up TO that time tho cars
they could DO supplied, and On Fdday thu
demand for cass hnd boen aa strong anS
eafncas "a pe1ofe. 1nas acmAna bud beon
for 80 many cars that tie Company could
not transact ull tho business offered II since TIM
orders for carr on Friday, shippers had reiuHed to
avail themselves OF those offered to transport Tia
T. certain that tao producers aaa sh