The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-10-14
LIGHT BREAKING.
A Move in Solid Column at Cincin-
natl towards Resumption..Grati-
fyIng Success Of the First Days
Experiment. g5jEE3

natl towards Resumption..Grati
flying Success Of the First Day
Experiment. g,iG ~
CINc1NNATTr. Oct. 13.-This has beer
the most notable day, financially, tina
this city has witnessed 10 many years
Since the action Of banks and banker
suspending all currency payments, say
as TO the limited, sums in'the discretion
OF banks, the. desire TO know 9whensthi
embargo on the commerce of this city
was to be removed, has increased from
day to day. Though there has been, as fal
as possible, an adaptation 10 peculiar cir
cumstances, still the pinch on the mercan
tile classes has Increased in intensity as
the period ofsuspens:on heightened. Tht
merchants ofAthe city have borne the
privation with great heroism. and gen
orally without complaint. They mainly
have accepted the situation as the best
that could he expected under the cir
cumstances;( but there was still lgreai
anxiety 10 have o day fixed for o
general Tresumption,E and when ar
announcement was made that the
Clearing House Association at its meet.
ing on Saturday evening, had determined
on a full and complete currency resump.
ton, it was received with the greatest
satisfaction. The. mere whispering on
'Chenge on Saturday, that the Associa'
ton was TO hold an important meeting at
the close of the day, was construed into
hopeful indication, and thereby gave a
tone 10 the general market that was an
improvement over the preceding days
While there was confldencein the solyen.
cy Of our banks, there was much interest
ielt to sec what Developments would be
made during the earlier hours ofthe open.
ing day. At the usual hour this morn.
ing every banker and banki Id the Clear
ing House Association, twcntyzone. in
number, commenced iull and unequiv-
ical resumption, There was not any
excitement. There was nothing about
the appearance OF the banks that indica.
ted run. The business Of the day com.
menced and continued 10 the close with o
degree Of quiet that was remarkable. SO
far as Is known there was not an anxious
depositor that presented himself at the
banks. The amount drawn by the deposi.
tors was probably less than usual on Mon.
day. Certainly 1t did not exceed the
usual demands oil the first business day Of
the week. While this was true the de-
posits oi currency were liberal and be.
yond the expectation of the banks. The
larger number OF the bankers report that
they received more currency than they
paid out. One Of the National banks re.
ceived in currency 100000 more than
they were called upon 10 pay. The salts.
factory results Of the forenoon put q new
face on the merchants who assembled on
Change. The attendance was larger
than had been for days and every. person
seemed to be encouraged The general
markets were improved in tone, and an
impression prevailed that we had entered
fully upon the work Of recuperation, and
that the restoration would proceed with
rapidity. At the close OF banking hours
ali acknowledged that the success Of the
first day Of currency resumption had been
complete.S OF the j$462, 900 in Clearing
House certificates $165, 900 were cancelled
70 day leaving less than 100000 Of Ger.
tificatcs unredecmed. OF tho latter
amount under action OF the Clearing
House 25 per cent will be retired to.mor-
row and 25 per cent each week thereafter
for the purpose Of equitably distributing
the certificates. 1t was decided on Sat-
urday that the banks should hold them
until the retirement In proportion TO the
business done by them respectively.