Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-10-01
The SITUATION IN WASHINGTON TO-DAY.
Continued Improvements i'm Financial
Affairs.

continued 10 improve daily, until now IL may
be truthfully said that public confidence has
been almost, if not wholly restored. There is
not the slightest indication or anything abnor-
NAL, either at the banks or in commercial or
other business circles. There are but com
paratiyely few certified checks in circu-
lation, and these, when offered, are un-
hssitatiDgly taken by merchants and other
All Of the associated banks continue to paw on t
currency TO limited extent to their customers
and seldom find il necessary to issue Checks
Panicky depositors who drew out during the
excitement are again on hand at the different
banks returning their deposits. and say they
will not get frightened so easily should they Ii ye
TO zee another monetary crisis.
TIE WASHINGTON CITY SAVINGS BANK.
The committee appointed st the meeting OF
the depcsitors Of the Washington City Savings
bank on Monday evening last, are hard at work,
and think the indications are favorable for a
resumption of business by the bank. They
have had several interviews with Judge Hum
phIeys, who made the order appointing re-
ceiver, with Mr.. Mattingy, the receiver, with
the different officers of the city banks, and with
large number of depositors, from all
OF whom the committee have received
much encouragement. II was reported
that Mr.. Mattingly was opposed to the move
ment in behalf of Mr. Ruff, but the statement
does Mr.. NJ injustice. When a sufficient num-
Der of depositOrs have bound themselves to sus-
tain MI Ruff, and when the latter has expressed
his willingness to again assume charge of the
bank, MIR. Mattingly will cheerfully concur in
the arrangement He will not, however con-
sent TO any arrangement which will not fully
secure depositors from loss.
The proposition OF Mr.. Ruf's friends is to Sc
cure written pledge from the dep0sitors who
did not draw out their funds (about two thou
sandy that they will not take legal action
against the bank to recover their money
within one year, but will intruSt the con-
troll of their funds to Mr.. Ruff, allowing
the latter to pay them off, If they desire
IT, in periodical insta!ments. Meanwhile the
hank will resume its regular business and
will receive new deposits, which will be
dlshursed on demand, as formerly. At the
expiration of the year il is believed the
bank would again he in a healthy condition.
It's learned on good authority that If the secu-
mites of the bank are disposed OF at the price
paid for them-an average of about 80 per
cent.-there will be a surplus of 100000 after
paying every dePOsitOr. Should the friends of
Mr.. Ruff fall in making the arrangement re-
ferred to, Nr. MattinglY states that he will not
allow the securities TO be sacrificed, but will
from the sale.
Ex-Mayor Emery, of the National Bank or
the Republic, has Just returned from New York,
and reports everything hopeful In the matter OF
finances.
AN UNFoUNDED REPoRT.ABoUT Mr.. RUFF.
A special to the Philadelphia Star says: "Gen
John Ruff, the president of the Washington
City Savings Bank, has become a confirmed
lunatic since his bank was compelled to sus-
pend. He is one of the most respected citizens
OF the District, and before the panic was in per-
feet health"
This is a mistake. MIR. Ruff has not
"become a confirmed lunatic," nor has his
sanity been in the slightest affected by his mis-
fortunes. Naturally enough he has suffered
from nervous prostratiOn for several DAYS past
and his physician for time forbid all business
visitors from seeing him. We have the best au-
thOrlty for stating. however, that he il now
convalescent and that his improved condition
is chiefly owing to the action of his friends in
their efforts TO reinstate him in his former posi-
ton. This gratifying evidence of continued
confidence has produced the most sautary
effects on Mr.. Rufus condition, and it Is now
believed that only a few days are necessary to
hisrestOratiOn TO health.
THE ACTION or THE COMMITTEE OF DEPOSIT
TORS OF THR WASHINGTON SAVINGS BANK.
The general committee of thirteen appointed
by the meeting of depositors of the Washington
City Savings Bank, met this morning at 10
s'clock at Board of Trade Rooms, when the
subcommittee Of five appointed to confer with
the receiver and officers of the bank made the
following report, which, after extended discus
sion and general interchange OF views by the
members Of the committee, was unanimously
adopted:
"Your committee have had free and friendly
conference with the officers of the bank and
with MT. Mattingly, the receiver of the court.
AT which meeting all parties having any inter
est in the Washington City Savings Bank were
fully and faithfully represented.
Gas the result of this conference we find it
Impossible TO take any further action OF any
sort whatever at present, from the simple fact
that an accurate and satisfactory statement of
the condition of the bank cannot possibly bs
prepared and acted upon before next week.
SIT would be unwise in the extreme, and pro-
judicial to the interests of all parties concerned
TO take or recommend action in the absence OF
proper information.
"The entire assets of the bank are now in the
hands of competent and faithful officer of the
court, and are sacredly held for the equal and
impartial benefit of all the depositors.
under these circumstances, your committee
recommend
"That no action be taken until the official
statement has been made, and that the public
postponed, subject to the call of the committee
of thirteen"
rsignedE W. Pitzer. G. F. Watson, II. Pol
kinhorn, Joseph Jockey, II. Bro wning
Ordered by the committee to be published in
the city papers.
RICHARD WALLACE, Chair man.
WILLIAM Il. BRAMHALL, Secretary.
THE COOKE PROPERTY IN GEORGETOWN.
Yesterday there was filed In the Office of the
Recorder of Deeds several Instruments of writ
ing relating to the property at the corner of
Stoddard and Montgomery streets, Georgetown,
known as the Cooke property. The first Is a deed
OF w. G. Morehead, OF Philadelphia. and others
to Jay Cooke, dated January nth, 1861
which recites that as Carter O'Neal devisee OF
John Carter, did by deed dated June 18th. 1867
convey 10 Morehead that piece of ground Gown
as Peters Grove for certain trusts and as aura
5. Cooke is DESTROYS of conveying all her right,
title and interest in said land to jay Cooke, of
Philadelphia, and hath gwen notice to said
Morehead, therefore the said Morehead, H. d.
Cooke ank Laura s. Cooke do, for the consd-
Jay Cooke. ~
The second instrument is dated September
80, 1861, and by il Henry ID. Cooke and Laura
>: Cooke convey to jay Cooke, trustee, lots
"a, 20, and west half of 269, in Beall's addition
70 Georgetown, fronting on Stoddard and
washington streets, and parts of lots 2iS and
2i9, BealPs second addition, excepting certain
portions sold to Collins and others, for the con-
sideration of one dollar.
Inc third paper is dated January 18th, 49, l.,
ana the parties are Henry ID. and Laura s.
Cooke, who for the consideration of four dollars
convey to Jay Cooke, trustee, a parcel of
ground fronting 43k feet on Stodd ard street,
SUIT ACT. COOKE & co.
Yesterday, Mary E. Cooley (widow of the late
w. d. Cooley, of Georgetown), by Messrs. Crit
Gehden and cooper, entered suit against jaw
Cooke q Co., on a certificate Of deposit for
The Government and the Money Pres.
sure.
khPLf OF SECRETARY RICHARDSON TO THE
NEW YORK PRODUCE kxoHANeR
A few days ago the New York Produce Ex-
change passed resolutions suggesting to
the Secretary n the g-l,.t