Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-09-26

TIE FINANCIAL SITUATION. dispatches
from Washington state that consultation was
held at the Treasury Department yesterday
morning between Secretary Richardson and
Attorney General Williams on the fnanclal
situation The main point under discussion
was whether or not the Government had not
already done all that it could, in legitimate
way to relieve the pressure. The conference
lasted about an hour, aud was adjourned to
await the arrival of the President, and was re-
newed again at the White House shortly after
o'clock p. M, and lasted until p. ~. The
result of the conference was Immediately tele-
eraphed to Assistant Treasurer Hillhouse at
New York.
The Washington Republican says:-.'"lhe
President and his family returned to Washing
ton last night and Immediately proceeded to
the Executive Mansion. About o'clock Sc
cretary Richardson called upon him, and after
a consultation of more than an hour they came
to the conclusion, and it is announced as their
decision. that all the relief necessary to be al
foried had been afforded by the Treasury tor
the legitimate business of the country, and that
the Treasury will pay out no more currency
than may be required in its ordinary disburse-
ments; that is, it will buy no more bonds at
present, nor sterling exchange. y
The Washington Republican also says
"Gov. Shepherd called upon Secretary Rich
ardson yesterday morning, and suggested an
authorization Of few lays in the payment OF
the monthly salaries of the employees of the
Treasury Department. as the placing OF so
large an amount Of money in circulation at once
would 20 far to relieve the financial pressure
under which the city and people are laboring
lust now. Secretary Richardson concurred In
the wisdom of the request, and gave the neccs-.
sary directions to that end The payment of
salaries for the mouth of September according.
" commenced to. day. Upon the request OF
Gov. Shepherd, aud with view to relieve the
stringency Of the money market 10 the District,
the Navy Department also paid off yesterday
all its employees for the present month.
A dispatch from New Orleans dated yester-
day says" 1.-THE New Orleans banks, with
the exception of the Southern, have suspend
ed currency payment At meeting this morn
ing of all the bank presidents in this city ex-
cept two, it was resolved to pay no checks TOR
more than 800. All large checks are to be
certified This arrangement IS to continue
thirty days. This action they consider precau-
tonary to prevent a drain. The merchants
generally approve the course the banks have
taken. 1t is understood that meeting of the
Gotten Exchange will be called tomorrow to
approve Of their action. Nothing is doing on
Change There is no unusual excitement
about the banks.
DISPATCHES from Richmond state that the
panic has entirely subsidized and there is no
visible excitement on the street. A meeting OF
bank officers unanimously resolved to adopt
the system of issuing loan certificates as now
in operation in New York, Philadelphia and
Baltimore, so as to give relief to the communl-
ty. The reported failure OF McLaln 4 Co., OF
Petersburg is coutradicted.
Specials to the Dispatch announce that the
banks in Danville, including the Planters Ma.
tional bank, have suspended, they say as a
precautionary measure. The Planters bank
and the Commercial Bank in Falmville have
SUSPENDED.
The English and American bank of Farmvic
is still paying.
A public meeting was held 10 Petersburg to-
day, urging torbea:ance and recommending
the use of certified checks on solvent banks
among the citizens.
Lancaster & Co. of Richmond have suspended
10 consequence Of the failing of Brown, LaDcas
ter & Co., Of Baltimore.