The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-09-23

withqut delays or rad tape. Tho Go.
vernnaent.' the Secretsry added, sis not
a trust company or loan institution, and
it is doubtfal whether Congress- would
sanction any tsuch snoh construction OF
my power" The above allndea tn
using $4,000, 000>: reserves. Thirty
savings banks have resolved rigidly to
enforce tho previous notice" clause.
James Bloomfield, OF New ereey, was
found dead in the street in Jersey City.
DO had large amount of money.
The Union Trust Company is in the
hands Of q r.acs;rc:. The New York
Stock Exchange remains closed to day,
The manager Of the Clearing House
Gays every check passed through clear
ing will be paid. he snys the banks
are in no danger and we're never
stronger.
8 p. When the doors of. the
Irving Savings Bank, SO Warren street,
were opened this morning, O crowd Of
depositors rnshetl in, clamoring for their
money. The paying teller Immediately
set to work and commenced to satisfy
their demands; When the majority, how
ever, saw how willingly the money was
being paid out, they became quieted
and lett. Up to O'Clock, the bank had
paid out about Sl0. 600, and had received
considerable amount in deposits. At
present the excitement has cum pletely
subsidized. at the Broadway Savings
Bank, No. Park Place, business was
being transacted as usual; little or no
excitement prevails; the amount paid
up to 2 O'CLOCK did not exceed $4,000,
while u proportionnte amount had been
received. The bank Officials do not
anticipate a run. Shortly after the
Bowery Savings Bank opened its doors,
this morning, II lurge number of de.
posltors began arriving, and it soon be-
came evident that there was going to be
run. The trustees met and decided to
pay all demands, MS they did not believe
that the run would last. One Of the
trustees stated that nenrly all of the
depositors drawing out their money
were those having small accounts. The
trustees say that they have got Sl2, ,0OO,-
OUO IN Government bonds and about
81, OOO. 900 in New York aud 81, 900, 600
IN Brooklyn, which they could draw Oh
immediately. However, if the run lasts,
they will take advantage of the thirty
days notice clause iii their by laws; but
wiil even then pay out sums up to 5000
or S30o, so as to save their depositors
from any Inconvenience. The Union
Dime Savings Bank. Canal street, is be-
sleged by vast throng. About 200 nre
inside; the doors lro closed and pla.
card III the window anuounces that rs
many persons are in us can be paid of
to-day. The bauk is amply able to
meet the run, having Oh hand about
81. 800, 900 cash. They will sell today
SoOO.OOO OF bonds, the proceeds going
to reinforce their each for to- morrow's
run; they were not exaoting tho sixty
day privilege accorded by lts bylaws;
there are 80, 600 depositors with this in
stitution. Tho New York Savings Bank,
9th avenue, has run of 100; all checks
are being promptly cashcd. The Green.
wlch has slight run, which is promptly
met. The Bleecker is paying all chects
upon presentation; large line is ia at.
tendance. The Atlantic is paying all
checks Of 500 and less upon presentu.
ton; checks of greater amounts are re-.
CURED to abide the sixty days bylaw.
The Brooklyn bank presidents to-day
resolved to sell 81 900. 600 United States
securities, in case of emergency; a ma
lorlty were. however, of the opinion that
there would Be no run upon them.
The Erenimg Posi- says tbs day closed
with m established Improvement in the
general feeling. One day more with
the Stock Exchange closed will, 1T is
thought, put everybody in such condi-
ton, so far as the exercise OF reason is
concerned. that it will be prudent for
the brokers TO again begin business.
rms afternoon, money lent on the street
as high as q per cent.-lhat rate having
been paid by distressed brokers. Presi-
sident Vail, of the Bank of Commerce,
said, this afternoon, that confidence
was grently improved; he thought tie
action OF the Government in buying
5.2Os had been highly beneficial in
ioosoning greenbacks.
4 Z. M.-Thc feeling am ong all classcs
is one of great relief; 30 runs on any Of
the national or State banks, and the
crowds on Wall street arc mainly curl.
oas spectators. Considerable inquiry
Tor stocks on the street; investors, with
greenbacks in hand, are seeking 10 pur.
chase, but the prohibition OF the Stock
Exchange preciudes transactions. No
meeting Of Jay Cookies creditors will be
held until full statement hus been re.
ceived from the various branch Offices
throughout the country. These are now
being prepared with the utmost lie
spatch. The firm cannot at present say
anything with regard to the duration OF