The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-09-26

:a + PETERSBURG.
PUBLIC MEE11N6s OF CtTIzENs-REsoLU-
TONS NEUTRALITY-SUSPICIOUS. OF THE
BASKs-FEEBING-Is THE CITY, &C.
CORRESPONDENCE OF the Richmond Dispatch:l
PgrERsBuRG; September 20.
l. Pursuant adpertised- call "a meeting 81
the merchants Of the city was held IN the
hall of the Tobacco Exchange this afternoon
MT 4 O'Clock. The meeting was largely al.
tended. not only by all the prominent mer'
chants. but by substantial business men IN
other lines OF trade and by coBsiderahie
number of moneyed men from the country
| THE object of the meeting, as was stated IN
the call, and briefly by Mr.. A. ID. Farrar. oy
whom the meeting was called to ORDER, was
| to consider the extraordinary financial pane,
| and ito devise. measures TO afford reilel
and to restore public confidence. On mo-
ton. Captain S. W. Vcnable was called TO
the. chair, and Captain j. 81. Chamberiayne
and Mr.. e. S. Gregory were made secreta-
ries.. A motion was Immediately put and
.possed that all present, whether of town or
| country, who had taken sufficient interest IN
the object of the meeting to attend it, be adj
mitted to the floor, ,,... ..;.-t.,,.. az.
| A motion then prevailed that committee
Of ten be appointed to draft and report reso-
iutions. The Chairman appointed the follow
| ing committee, after some. changes III tne
original draft: Messrs. n. u. Tanner, W.
| n. tTanpev, W. z. Hinton, ST., William Il.
| Mallory. J. r. Patterson, r, D. Mcllwalne,
Bartlett Roper, S. P. arlington, +. A. Mar
| tin, and George 81. DAVIS. .a...-.-.-..,..:.o,.
The committee retired for consultation.
and after an hours delay sent messenger
70 tic meeting to ask that an adjournment
be had until 6 O'Clock, AZ they could not
agree on their report before that time. At
ter some discussion Qbe o2ositionto adj
/ io,uirn being vigorously resisted BY some
scntlcmen) a motion to adjourn. prevailed.
The adjourned meeting is now In session.
| If its deliberations are not REACHED III time
! for transmission By this letter Will sehd
their purport by telegraph: .,,r-..
/ Everything llls been quiet on the s'Tee's
| To-day, and tie feeling of the people IS de-
cjdedIv more confident and better. A nun
| Der OF leading merchants agreed to-day to
| take certified checks. Oh 4 number OF the
! lanIs, including those that are suspended
| cxccpt the suspended national baDks. Th't
laction has tended greatly to restore rcnewe
confidence. It's stated, however, That the
merchants generally resolved this morning
not to sell even to old and prompt custom
erS except for money. This suicidal policy
| am sure, win be abandoned after the first
excitement of the paDic has passed away.
| Another trouble of the situation is The
distress inflicted on The working people.
large number or whom have been or VIII DC
thrown out of employment By the prevalent
| panic. It is said some oil the hands employed
. ut the Petersburg Iron Works. have already
| quit, but that most of them are disposed tC
work on, trusting that provision Will soon
be made for their pay. 49,, ......-...
| Work has not been as yet suspended IN
| the toblcco factories, although it IS report
ed that preparations To that end are being
made: nor have the city llborcrs been olS'
charged. The best spil.i: is shown by the
! working people. There has been no turbu'
| lencc. no threat cning, and no drunkenness
and if satisfied of the disposition to DO The
best that can be done TO relieve tlielr ,neceS,
sites, they will act with all possible lllth ana
patience in this trying crisis. ~.
| Hon. james Ii. Platt, Jr., president OF the
| Peoples Bank, in the city to-day, anu
/ with some OF bis directors has maze tnof-
ough examination into the affairs OF tuat IN
| stitution. These gentlemen are satlslied tLat
| their bank is in an entirely safe ana sounG
condition; that every dollar VIII be .Il,d
both depoSitors and stockholders at an early
day ; and that they clu resume business ID Il
| reasonable time without serious injury. ms
is good news, especially as some loftf
thousand dol airs of city funds was
on deposit at this institution. The Peop.cS
! Bank had large line Of depositors among
people Of comparatively slnlll means, 10
whom it afforded large and liberal accomulo-
l Ia. l,,, hni S.irrlnS money
| OF. ST 900, which would have enabled them
| TO tide the crisis, except that 1t was deposit
ed with the Merchants National Bank, where
! it collapsed along with other deposits.
The two Treasury officers now here are
bank inspectors The two suspended ma.
tional banks will be put into the hands OF
receivers in the regular course of the laws
operation. - 49,.
General Malone is in the city.
It has been agreed not TO hold the mex!
| session of the Agricultural Fair unless the
! financial situation undergoeS a change much
more decided than is now thought possible
even under conditions the most favorable
I ..-'. '''. ROBIN ADAIR.
| Especial telegram to the DispatchJ
| PETERSBURG, September 2j.-At an adj
| iourned meeting of business men, held at
! O'Clock, resolutions were reported, and after
considerable debate adopted, urging the cN
| crcise Of forbcarancc and confidence in bust
ness operations. Also recommending the
use of certified checks on solvent banks il
| tranSac nons among citizens. 1t was also re-
| solved that committee be appointed to visit
Washington to induce the. Controller of the
Treasury to allow The deposits of the col
4 lapsed nationulbanks to remain here instead
OF being removed TO the capital. '-~>'
At Il meeting Of the stockholders of the
Pauters aud Mechanics Bank, held tonight
| the president, Mr.. Plummer, stated that al
tpresent no exact report could be made Of
rthe value Of the assets Of the institution, but
that. There was no doubt the whole amount
| Of the deposlt-mouey would be: paid, and be
believed stock would not be materially in
Er;reiIr.; ,:>a. - u - Z! . - = g.. il
b. ,ssf s ereylgaa,lon yY:Mr:. Plummer as prcsi
dents was rendered, hut the stockholders de-
i -chned to receive it, having fullconidence in
his administration. "F..' ;:':+..,.', =, &:
1't'' ;.':.. :. , o. !DANyrILE.
=. Sc . g..
|: !. SUSPENSION OF ALL THE BANKS. 49,;
| - Especial Telegram to the Dlspatch.j
DAEyILEE,; Y A., September 2a.-As pre-.
scautionary measure allthe banks Of Danville
suspended before noon today. There is not
! Il great deal of excitement among our ibu>i
ncsS. Men.i ~ m.Ay. s,..,t. ,"eut
:,..r-; ..g.,, Second Dispatch. srEt
pErAlss OF THE srsrESsIoSs-T EFFECT UPON
I .sTi 'Ts:..t...f..t .:|ztBtsrkTss. .. j T.; ':5'