New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-23
INCIDENTS OF THE DAY.

THE EXCITEMENT GRADUALLY PASSING AWAY.
The President of the National Trust Com
pany informed reporter OF THE TRIBUNE, yesterday,
that their being called in rapidly posi-
BILE was slow work though, owing to the present
settled condition OF aVars The joint Committee OF the
Trustees and Executive had just finished the
examination Of the affairs OF the Committee, and had
found everything correct Their report and statement
would be given the meeting Of the Trustees to-day.
They hoped to effect speedy resumption, but could
name day with certainty.
Isaac IL. Bailey has been appointed Receiver OF the
Bank of the Commonwealth.
Senator Erastus c. Benedict accosted on Nassau
ST. by TRIBUNE reporter yesterday on the subject Of
the legality OF issue of reserves to relieve The
market. Senator Benedict is a lawyer Of such age
and experience in the United States courts
that it was deemeed he might know of
the mysterious statute referred to by Reyerdy John
SON. ''Have you heard Of such an act
repeating the provisions of the Treasury law asked the
reporter q have not had occasion TO hunt up such
act" replied the lawyer but have an ndstinct idea
that there about 1869 repeating some Of the
provisions of the old law Just what it is do not re-
member. The statutes certainly amended in some
way about that time But my idea Is that there
law providing the suspension If not tho repeal OF the
Treasury act"
At the Union League Club last evening the chief topic
OF discussion was course, the panic of the last few
DAVIS A more hopeful feeling was expressed with an
entire freedom from any eXclteinent Inc quiet IN
walst yesterday looked upon as very favorable
symptom.
The Evening Bourse at the Fifth Avenue almost
as ouet last evening in the most ordinary time The
crowd was large but by means so sayagey in earnest
az on Saturday, so seiate and sober as on sun
dav There was an air OF cheerfuness apparent
which plainly indicated that the worst was over.
The snatches Of conversation audible TO those who
mingled tamong the thrOng all indicative OF
newed confidence financially. Il" 1t Is all plain sailing
now said one awe have weathered very threaten
| ing Storm" said another. General satisfaction was
EXPRESSED at the OF the Government IN the mat
ter even by those who Sunday ercely declared that
| nothing but forty millions would do any good
Senator Alyah W. Palmer OF Armenia Duchess
County was discovered among the throng at the Fifth
Avenue Hotel and gave his views on the prospects Of
the manic in the interior TRIBUNE reporter. The
| Senator is President OF the Bank OF America,
| and is one OF the heavy capitalists OF Duchess
| Comfy He stated that the effect OF the
CONFUSION Isl Just becoming visible In the county His
own bank OF the richest In his county, and has
| heavy available capital, but its lack OF currency
| ON hand was such that he has come into
| ,owu especiaIIy to get enough in bills Of small
denomination to make him secure In case OF run The
| business of his bank is cleared here through the
importers and Drovers and he apprehended no difficulty
I'm getting all the small bills he wanted Indications Of
uneasiness were already apparent among country mer
chants IN his ncighborhood and, according 10 MS al
vices In all directions and he Thought IL possible that
considerable suffering might ensue during the WINTER
consultation lasting from 10 a. m until D. m, was
held Yesterday between the directors OF the souhSide
Railroad and its creditors. No definite conclusion was
arrived at but IL understood that satisfactory ar
ransement will probably be made which VIII obyate
the necessity Of the appointment OF receiver result
which, for a few days past, has appeared Inevitable
The NewYork and Midland Railway ticket Office at
| Palermo n. j. was seized yesterday afternoon by a
constable TO sat isfy an execution by unpaid workmen
and other creditors The financial crisis In wast has
not percepbly the Paterson banks but the col
| lapse Of railroad enterprises IL Is thought Will cause
the discharge OF hundreds OF men In the locomotive
| works.
A TRIBUNE reporter talked, yesterday with many Oh
the brokers who suspended on Friday and saturday
hit thew were unable 20 make any statement of their
aGlirs While the stock Exchange was closed no buH