Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-27
PANICpARAGRAPHS.

The New York stock exchange re-
manned closed yesterday.
TThe Vicksburg banks have suspended
for thirty days as precautionary measure.
A Washington telegram yesterday an
nounced the suspension of the banking firm
of Faut, Washington Co.
Cincinnati financial matters have re-
solved into a state OF delightful qu1etude
beautiful to contemplate.
The governing committee of the New
York stock exchange have resolved to give
twenty-four hours notice OF its opening.
Fort Wayne, Indiana, boasts that
quiet reigns in financial circles, and that
banks are and Will continue business as
usual.
The Peoples bank of South Carolina,
the Peoples savings bank, and the South
ton, have suspended. Currency payments at
the National bank and other State banks pay
as usual.
At Little Rock, yesterday, the excite
ment continued over the city money. The
reported suspension of banks in st. Louis
and other places continues. Everything is at
q standstill. Very few parties take city
money, and no greenbacks are in circulation.
AT Baltimore yesterday, William
Fisher Il Sons, who aIe among The leading
stock and gold brokers of that city, closed
their doors, and say they have been forced by
the delinquencies of their customers 70 sus-
NN-~NNN
due them. They expect to pay every obliga-
ton in full, and only ask a short indulgence.
In New York, yesterday, Senator
Morton, being asked to give his opinion as TO
the present financial panic, said that his con-
vietion was that The worst was over. 81 do not
expect the affair to subside all at once" he
added, "but my feeling is entirely hopeful"
Referring 10 the suggestion that the govern
ment ought to come TO the rescue, he said the
government will do all 1t can, but ii must not
evade the law.
In New York yesterday the police
were called upon TO disperse all groups which
threatened to interfere with sidewalk traffic.
The brokers were by this means driven into
the road, but they Jared no better there. The
police ordered trucks to be driven through the
crowd, and so compelled the brokers TO scat
ter in all directions. Driven from the road,
some of the most tnveterate speculatorS and
curb-stone brokers' adjourned 10 the gold ex-
change court, and helu high carnival there for
about fifteen minutes when the sergeant of
the police, with half a dozen men, drove them
helter-Sk elter from their refuge.
A Chicago telegram yesterday an
nounced that the Union nRtioRal, Second ma
tlonal and Manufacturers national banks
have suspended. 4 notice on the door of the
former says that the bank has abundant secu-
rites, but IS compelled to suspend payment on
account of the Lack of currency until able to
realize. Nothing has been lost from the fall
ures, and depositors will be made safe. The
Cook county City national and National Bank
of Commerce have followed the example of
the Union national and closed their doors.
There was n run for an hour on the Corn Ex-
change bank, but as everything was paid the
run was soon stopped. Some who drew have
redeposited. The bank is considered very
strong. Other national banks are paying
regularly. There IS considerable excitement
among business men, and the grain trade
shows some effect. Ccolbaugh, president OF
the Union naJoaal, is severely censured by
other bankers and the whole community.
AS his extreme course was wholly unneces-
/ sary, ii Is suggested that there must be some
thing rotten In his bank, though ii has been
regarded very strong.