The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-23
THE PRECEDENT ENCOURAGED OVER BET
TER NRMa.


Il TER NEWS.
The President feels encouraged at the
news to-day and will beguided by circum.
stances as to whether he will leave to-
night.
1 Secretary Richardson has! been receiv-
ing telegrams from New York every few
minutes during the day posting him as 10
the conditioned affairs there. S9Ab
THE TREASURY FUND no BE usRD FREELY.
\ sInreply to interrogatories this morn.
ing, he said everything was more encour.
aging, and the Government would buy
i bonds Just as fastas they were presented.
He had plenty ot money, and would give
II. out to all who came with their bonds.
When the question was asked, whether
|or not this money to pay for bonds would
come from the legal reserve, he answered,
"Neyer mind about that; will attend to
getting the money. The Government is
all right, and intends to keep So"
THE NAVY ACCOUNT NOT TRANSFERRED.
1.-THE Secretary Of the Treasury contra
diets the statement that the navy account
has been transferred from the banking
house Of Jay Cooke, McCulloch d co: 10,
London, TO Clews, Habicht y Co, and
declares that a;therel is no, intention 7 Of
making such transfer. S .ss4ssis aat III s. lal
CONGRATULATIONS. FROM YORK
STOCK EXCHANGE TO BE OPENED ON
WEDNESDAY, sssf. ,.U
Secretary Richardson received the fol.
lowing dispatch ,iromF New; York to-day:
"T6c mercantile business progresses as
usual. Wall street Is clearing itself. The
people joiniin congratulation to the Presi-
fdent and Secretary Richardson for their
stability. Stock Exchange will be opened
Wednesday,"
/ CUSTOMS nEcEIrrs.. I'd. ,l
The customs receipts today were $382,.
600. The Assistant Treasurer disbursed
5000.
TOTAL BOND PURCHASES. ~
Total amount OF bonds bought at the
Sub. Treasury to-day $3,3s9, ,150.
TIE SAVINGS BANKS.
The business Of the savings banks to-
day was somewhat heavier than that OF
the last three days Of the past week, but
that Is always the case on Monday. No
alarm, however, seems TO be manifested
among depositors, and the resolutions
adopted last evening at a meeting ofisav:
ings' banks officers seems 4" be generally
agreed to- This was notice to the effect
that under, the provisions Of their char.
tiers tho banks refuse to make any pay
ments unless thirty days notice Is given
that the deposit will be withdrawn. Some
of the banks were paying all deposits Of
800 or less. f,S1i g,Er,g-3is3 fo1 81
THE POPULAR FEEIINd-THE CROWDS
IN TIE STREETS.
Wall street presented most extraor-
dinary spectacle. It would be difficult,
lin the necessarily brief limits Of news
paper report, TO give correct idea ot the
excitement which prevailed; but the ex.
citement to-day was apparently OF an en-
tireIy different kind to the intense anxiety
observable on Friday and Saturday,
which had It's augur in condition OF
universal panic, that is tosay. Wall, Mas.
sau and Broad streets were crowded: II
was difficult for pedestrian to thread bis
way through the different gangs which
occupied the streets and sidewalks alike.
The most striking feature of the scene,
possibly, was that the masses today
were spectators, whereas on the last days
OF the preceding week every one was
rushing hither and thither, fighting and
struggling to make his way to some bank
or broker office. ai.si q y. =
This morning everything to the out
ward eve was calm and quiet And OF the
thousands OF persons who blocked the
street at the Sub. Treasury steps and any
and every other place from which view OF
the neighborhood could be secured, prob
ably one hall were drawn to the spot by
curiosity alone. !. Conversation ,onn the
street was not SO excited as 1t was forty
eight hours ago, and there seems to be q
general impression that q better. state OF
| feeling existed, and that a mutual conf
dence Is likely to be re.establishcd.. The
opinions expressed concerning the action
OF the Secretary of the Treasury, varied
Generally, as might be expected. Some
men thought thailthe panic should have
been allowed TO work Itself out,
othors that the Government should nave
come more directly to. the aid OF the
|atruggling brokers; others again, that the.
wisest course had been adopted, and that
the worst was over. Notwithstanding
the calmness of the majority, however,
there were not lacking certain hot.heads,
who recklessly circulated rumors calcu.
lated to do infinite mischief II they gained
credence. Confidence increased as the
day advanced and about ttwoo clock there.
was a sudden shrinkage OF the lines at
the r,ayinH tellers' windows. AT the banks
and banking houses the heavy. business
done all day had been. dispatched with
all possible speed and as soon as i was
known among the merchants that the
purchase. was interrupted, and the rule
adopted by savings banks, of requiring
| thirty days notice for the withdrawal Of
ali large sums, was accepted without dis
1 turbance; Aat the savings. banks thu! Ger
tification oimanys checks was not pressed,
and il was evident at the banks that
depositors were beginning to- lbelieye. that
the storm had passed. Y
4 The Commercial says IL Is due the large
houses 10 say, that during the excitement
Of thepasti three days and to day. no
Il large amounts, have been drawn from the
banks. except those actually necessary to
4 Tie daily business. -ItIhas Kbeen o gener.
ous principle Of helping banks through
4 difficulty, and to this fact may be traced
the ability OF many Of them to pull
through the fearful scourges which has
been forced upon them by this complete
Generalization, which came almost with,
4 ont word warning. The failures In
the street have been failures OF necessity
\ and Of stringency, In which the means Of
~ tttta MI nv