Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-23
THE PANIC ABOUT OVER.
Last Nights Dispatches and Mails
Summed Up.

Last ttitkrdtDs Auu lualls drought 1T
tie in addition to our copious kilograms of yes
terday in relation to the financial situation, but
that little is of a very resssuring character.
The New York Express of last evening saws:
CATER all, only one bank has suspended and
two trust companies. The officers OF savings
banks, both here and in Washington, as it turns
out, were much more scared than hurt, and in
deed half the panic has been a scare. 1t is un-
derstood that the loan committee of the clear
ing house have issued S5,000000 loan certih-
Gates, and the banks only required half that
amount IN t0-day's business"
THE PRESIDENT AND SECRETARY OF THE
TREASURY COMMENDED.
The same paper (democratic) says: "The talk
on the streets today is decidedly more cheerful
Every one seems to sustain the action of the
Pr sident and Secretary of the Treasury. 1t Is
generally believed that had the President yield
ed TO the clamor that beset him yesterday he
would have made a grave mistake, and the
panic would have been nationaiZed instead OF
being concentrated within very narrow limits"
CONFIDENCE NEARLY RESTORED.
The New York Evening Post says The
day closed with an established improvement in
the general feeling. One day more with the
stock exchange closed will, it is thought, put
everybody in such condition, as far as the ex-
ercse of reason is concerned that 1t will be
prudent for the brokers to again begin business.
This afternoon money brought on the street as
high as a per cent, that rate having been paid
by distressed brokers. President Vail, of the
Bank of Commerce, said this afternoon that
confidence had been very greatly improved.
He thought the action of the government in
loosening greenbacks."
THE TOTAL AMOUNT OF BONDS BOUGHT
at the New York sub-treasury yesterday was
SO 1893, $50. James T. Brady & Co. and the Sc
cuTity Trust company, of New York, failed yes
terday. Many of the New York bankers think
the loan certificates should have been issued
earlier, but all agree that this, with the pur-
chase OF bonds by the government, has aided
greatly in restoring confidence, and that there
was no ground of apprehension for further dis
aster.
THE NATIONAL BANKING SYSTEM.
A special from Philadelphia says "men who
never before gave our natiopal banking system
thought are now loud in praise of the system
and commend the wisdom of the national gov
eminent in giving the country uniform and
safe currency. President Grant Is receiving
much commentator in business circles for the
tTmness and sagacity displayed in the confer
ence on Sunday, at the Fifth avenue hotel,
New York. The dulest man can now see the
imminent danger that would have constantly
threatened the business of the country had the
President acceded TO the bold proposals to
place the entire reserve fund at the call of these
New York spectators.
EFFECTS OF THE PANIC EAST AND WEST.
There was q considerable run upon some
banks in Chicago yesterday, but they adhered
to their resolution to fall hack upon the 80 and
60 days, rule, and only paid sums of less than
800. The largest assemblage appeared to be
gathered at the States Savings Institution. At
meeting of bank presidents last night it was
the general opinion that there is no reason TO
fear any trouble, but it was agreed that in case
any should arise, the banks will stand by each
other to the end. The Milwaukee Chamber of
Commerce yesterday adjourned until to-mor-
row, in order to consult as to the requirements
of the occasion. II. w. Burt & Co., private
bankers of Buffalo, n. Y, suspended Yesterday.
On account of the financial panic the bankers
in Little Rock, Arkansas, refused to take the
city money WHICH has been in circulation for
years, and considerable excitement was the re-
suit AT citizens meeting held in the after
noon it was resolved to take this money as usual.
In Cincinnati feeling of confidence prevailed,
and the applications at the banks for discount
onr 1ivalx linht and
country for currency less than expected. There
was a run on the Trenton IN. j. savings banks
yesterday. The directors claimed two weeks
notice according to their charters, and took the
names of all W no wanted their money.
A CANADIAN CORPORATION EMBARRASSED.
A dispatch from st. Cathariue's, Canada, says
the Canada Southern railway company have,
owing to the financial crisis in New York, been
obliged to cancel all their contracts for the
present, and have ordered the discharge of all
their workmen not mployed on regular trains
running over the road.
THE COOKE BROTHERS.
The Sandusky (Ohio) Register saws that the
losses in that place by the Suspension of jaw
Cooke & Co, even if the failure should be total,
will not exceed $4,000, and that notwtbstand-
ing the eXcitementw which the news of the failure
caused in all classes of the community, there
was but one opinion among all-that the indi-
vidual members of the firm deserved no CEN
sure, having acted honestly in their business
Of the Cooke brothers expressed much sympathy
for them, the Register says, and stand ready to
offer assistance. The confident hope is expressed
that the firm will overcome its difficulties, and
the prediction Is made that not a dollar of San
dusky money will be lost through the failure.
The three brothers Cooke-Jay, Pitt, and
Henry Dare all very well known in Sandusky,
they having lived and transacted business there
for some years.
CARLEToN's DEPALcATIoN 100000.
The New York Tribune of yesterday says
The only story Of actual crime that has been
developed by the breaking up in Wall street
is the defalcation Of Charles L. Carleton, Sec
rotary of the Union trust company. At the ex-
animation of the affairs Of the Institution on
Friday night. rapid and general as it was, it
was discovered that at least S350,0OO worth of
government securities and railroad bonds,
which had been kept in the new underground
safe, had disappeared, and probably as much
more. Mr. Carleton had left the office late in
the forenoon, and though when he went out it
was supposed he had gone to lunch, he has not
yet returned. As evening approached, and the
secretary was still missing, rumors of distrust
began to spread themselves among the officers
and clerks. Late at night the surprising dis
covery was made known. Mr.. Carleton has
been connected with the bank for five wears,
AID has not once until now been under suspicion.
he is son of the Rev. DIR. Carleton, formerly
of the Methodist Book Concern, and it is stated
that one loan of $40 900 was made to his father.
Mr.. Carleton lived in elegant style at No. 81
Oxford street, Brooklyn, where Tribune re-
porter found three servants, who were greatly
alarmed at the absence Of their master and the
rumors they had heard of HRS dOings It VAS
learned that Mr.. Carleton was last seen at home
on Friday morning, when he left at the usual
hour for the Office, AS he was traced by the
detectives to the New Jersey Central depot, it
is believed that the defaulter first went to his
fathers home in Elizabeth, y. j., but nothing
further concerning his whereabouts is yet
known.