Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1873-09-24
NEW YORK.
GREAT EXCITEMENT IN WALL
STREET,
suspension Of Several Prominent
Banking Houses.
suspensions i'm Philadelphia
The National Parks to Stand by Each
other.
Better Feeling Reported in London.
Government Aid Urgently Demanded.
Suspensions in philadelphia.
Better Feeling Reported in London.
Government Aid Urgently Demanded.
4 Rush ON the Ranks.

Rush ON the Ranks.
NEW YORK, Sept. 19.-The following
| suspensions are announced this morning !:
Robinson & Ruydan, Richard Shell, Fisk
q Hatch, White, Defrees & Rathbone
Burns d Edwards, Eugene Jackson. Geo
Opdyke d Co. have not suspended.
Nc price at all for money. Gold, ]. 12I
Exchange, long, 1.oS9 short, 1.09l. Gov
ernments dull and irregular. State bonds
| dull ; no bids nor offers.
Ihel widest excitement followed the
Fisk q Hatch failure. Wall street was i'm
Its shirt sleeves and bare headed. Stock
fell ten per cent. and is still sinking. De-
maven q Co., of Philadelphia, have failed.
The additional New York failures are
Thos. Reed Co., w. H. Warren, Green
leaf d Morris, and George B. Alley.
LATER.-The following additional fail
ures have occurred: Theo. Biddle, a, NJ.
Kidder.
Western Union Telegraph stock opened
at !9c., but is now down to GSlc. There
are like fluctuations in the whole list.
Jay Cooke d Co., have assurances from
their London house and correspondents in
other cities that their bills will be protect
ed.
WASHINGTON, Sept. 19.-Dispatches
from all cities report long lines of deposit
ors crowding bank doors. This city is no
on the Washington City Savings
Bank, and slight demonstration on the
Freedman's bank Both of them give as
surance of their ability to meet all de-
mands. The Freedman's Savings Bank
report that they had this morning, $50, 600,
of which only $4,000 had been drawn.
There are about seventy-fve. persons in
line at this bank. There is no excitement
about the other banks.
More Failures.
Z. d. Landolph & Co., bankers of the
Pennsylvania Central railroad, and VIM.
II. Couner are announced as suspended.
Mr.. Fahnestock, of Jay Cooke d Co.,
said, in an interview this afternoon, that
the firm hoped to pay all its liabilities.
Mr.. Garland, another member of the firm,
said the London house will have large
surplus after the payment of all its debts,
unless there is a great shrinking in the
value of their securities.
The latest rumor on the street is that
the Government will come to the rescue
tomorrow, by buying five million bonds.
The grain and provision markets are all
unsettled by the Wall street panic. The
State and railroad bonds and city bank
shares have been practically neglected,
while dealings in railroad stocks continued
on an enormous scale this afternoon.
Suspension in Philadelphia.
The following firms have suspened: H.
II. Douglass, Bayard II. Yerkes, John
Floyd, Gilbough & Co. The firms were
all small except Gilbough.
A List of the Suspended Houses.
NEW YORK, Sept. 20.-The Presidents of
National Banks held an informal meeting
to-day, and.resolved to support each other
and disregard the reserve instructions in
o. days dealings.
Wall street was crowded at an early hour
to-day. Less solicitude however, and the
resolutions of the banks to sustain each
other, and the sale of ten million bonds by
the Treasury nerves matters.
Two members from Jay Cooke GO, are
coming on the Russia, which is expected
next Monday, when reliable statement of
the affairs of the house will probably be
presented to the public.
President Chapman, of the StockHEx-
change forbids outside operations by
members upon penalty of expulsion.
The Bank of North America has sus-
pended.
The suspension of SAKE & Rogers, New
York, National Bank of the Common |
wealth, New York, Quassig & Fisher, p |
M. Meyers, Miller IL Walsh, Louis Joseph, |
Fearing & Dillinger, and Brown, Wads- |
worth d Co, is announced.
DIR. Miller, noted physician of this city |
is dead.
The Stock Exchange is closed, subject to |
the call of the President, TO enable the |
members to settle the defalcation of the |
Union Trust Company.
1t is reported that Vanderbilt is closeted |
with the directors
There is no quotation of stock to-day. |
The National Trust Company have closed |
their doors. Certifications of the Mechan-
les Banking Association and Continental
Bank were thrown out of the Clearing Of
flee.
WASHINGTON, Sept. 20.-The agent of
the Syndicate at London telegraphs Sec
rotary Richardson that their accounts are
in perfect order.
The Freedmen's Savings Bank has
paid out sixty-five thousand dollars. The
officers declare themselves well fortified.
There is only the usual Saturday after
moons crowd about the bank.
The following houses have failed
Union Banking Company, OF Philadel-
phia; Union Trust Company, IF New
York; A. b. White & Co., OF New
York f.. G. Broadhead, of New York
& Belknap, of New York
PHILADELPHIA Sent % 1T il runor-