, 1873-09-26

| appreciate tho vnluo Of banks, which add
such powerful 1overago to oncttrd Of this great
naal staple, In ita handling aud bhlpmcnt from Mem.
| pls. Tomorrow morning tho Do Soto Dank vii
publish
THE FOLLOWING 0AnD:
"Tho snsets Of tho % Soto Bank snp1e to meet
all ita liabilities, and will he faithfully collected and
applied a tho earliest rossle moment. In the Mean-
time, we hope to make such arrangements will ena-
bio us to rc1umo business at N early tny;
1T, Il. FARNswoNTi, Caehier."
Mr. Elder aays tho Dcsoto Bank las hand bills
payable amounting to $300ooo This paper ia at rar,
and Ia as good ally could desire Tho us,ial c
roa!ts Of tho bank amount to $o00 000 but this nuount,
in Wow Of tho expected embarrassncnts In tho East
hhe been considerably reduced, that the
present deposita amount, in nll, only to
s?25,0oo. Tho only loBa TINT could result
to the bank is $1,200 on bank in phiadciphia
Pa. How far
OTHER LlAD1Lr11Es
may extend, It is not at present accurately maaa
known.
The obligations Of tue Dcsoto are not heavy, and We
arc informed that evcry doar will DO paid. Tho bank
fs pledged by tho 1]ank Of Now York in tho Of
sl6o,0o0, tho written promise to this effect be-
ing now IN tho hands of the Dc3oto DAnk.
Tho pai'up capital tho Dasoto Bank Is $285, ,000
which haa been increased md now amounts to $254,-
0oo by tho addition Of tho 100000 surpus dyilonds
recently declared.
THE FnErpMEs's PUBLISH GARD,
asking Btxty lays tno to dispose Of their Government
bonds nnd real estate. The deposits the last OF
July were 2o,so3.33. That IL ths amount due do
pohitors.
Tho First National did larger n1sincss than any Of
them, and its dcpoafta may rcach $looooo. state
tnent IL expected from them tonight.
CINCINNATI.
| OfNo1N aAT1, Sept. 25.--Tho Cincinnati Clearing
House Association has Just adopted the following:
einl interees, aud for tho purpose Of preventing a
dran Of currency from the banks au bakcrs Of tHlB
fth Dc sosa sssy Il NV !? or ao aey %
not pay out, currency on checks. except for
sy III sesi ~G% On
| House only"
| Matters wcro In condition on Change today to
render 1t difficult to furnish quotations. There
panicky feeling whatevcr but general disposition
to stand a tho part Of both buyers aud sellers Of
everything.
Tho notion Of tho banks hero was generally une1-
pccsed, md ths discussion of this consumed the time.
Thero ate some who boove tho Wis not wia9
one, but tho prevailing opinon il TINT 1t wus pro-
tauttdnafy mcaauro Justified by the obligation which
tho banks owed to the general business community.
| CINCINNATI, o., Sept. 25.-The a.absorbing qucs<
on to-day haa been lts notion Of tho members Of thu
Cincinnati clearinghouse Association, this morn
ing, substantially following the action OF
the New York banka with reference to the
payment Of dcpoaitore. Comparatively fow per-
| BouB expected tho eyent was to transpro cd
soon, II at al. Many persons In commercial and
financial crc1ca anxious about tho future, but
tho argor number Of the opinion thnt uness tho
| troubles East should become moro aggravated, tha
banks here would bo able to ru through. In conse.
quenco, there tho ballka that was 30
Visible to the public eye to excite goncral apprehen-
eiou but the depletion nevertheless going on
Cincinnati waa honoring nll demands. All halancea
promptly transmitted, but, wh!lo this pro-
ccedlug, the balances In lor favor from elsewhere
| were not forthcoming. Besides, tho occasiouaT
heavy depositors apprcesye Of prospective trouble
quietly drawing out their deposits and placing
them in tho Safe Deposit Company, or elsewhere,
| where they would bo more available IN tho event OF
ultimate diHnstcr. Under such circumstances, tho
banks felt that without aon,o change III tho
| general situation 1t wns only n question
Of time IA to taking steps looking to acfproccton,
and TO tho protection Of The business interests OF the
city, Thcro reasonable prospect Of tho change
hoped for, and it appeared only question wlothez
tic precautionary bscpa should DO taken now,
when tho banks Lad strnngth to help carry
on tho industrial nnd commercial intercas OF the city,
or wall with strong probability that they would
nay be compelled to take such action after they had
submitted to complete drain OF currency,
| md they 10 left IN situation III
which tho interests OF tho community m1st
haSo looked to thom IN vain Tor help Tho decision
was reached to tako te stop At once and WIS publicly
lorso number Of business men Of tho city. Dualnoss
| W on"aee' lnonsa 'ne u'enuatce "aa
.ats.' "aa AZ eoneeqouaeo n"os'an''a''s hu8p1nueu
Ne'uos ouse1" nos sele.1 catea ~ "oso unt" 'hoy
w w" ~ ~ o"a"o' o1S '"e'o "4s
uoa.us A"o t"''sAs sesnus, ~ opn'on pto'"u'1
"s9 ~ "''y ~" aso uos ia"sp