New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-22
INCIDENTS OF THE PANIC.

Several Montreal bankers arrived In the city
yesterday, bringing with them large quantity Of gold
the purpose reported taking advantage OF the
market the way of speculation But the closing
of the Stock Exchange Saturday and the uncertainty
the time will reopen, have nterfered with their
plans and they also disappointed at the continued
low price OF gold, which they expected TO re-
alize a heavy premium The headquarters Of
the Canadian inancers is the Brevoort House,
and among the arrivals r. b. Angus, General Man
ager the Bank Of Montreal C. Ashworth, Manager of
the Merchants Bank Of Canada; John Nelson, Vice
President OF Nelson's Bank of Montreal VIM Richard
son Of the Chicago branch OF the Bank OF Montreal
Sir A. T. Gait Director Of the Bank Of Montreal
Thos. Caserh, VcePresdent OF the Exchange Bank OF
Canada, and g. A. Drummond Of the firm Of Redpsth q
Son, Montreal
report was current about the Fifth Avenue Hotel
last evening that VIM H. Vanderbilt, OF the Commo
dore first called the President. and after short
conversation with Gen. Grant, which he ntimsted
that he represented the views Of his father the Pres
dent inquired Of him if his father In good health
He is well, thank yOu," replied william II.
"Then," reoined Gen Grant, father desires TO
learn the OF the President OF the United States
would suggest that he had better here In person.
The younger Vanderbilt Immediately efC the and
hastened to the Commodore, who lost no time in
plying with the Presidential suggestion and took
rage Immediately for the Fifth Avenue Hotel.
1t said that Oliver Cbarck into Walst before
the Stock Exchange closed, and investing NOOOc0 IN
speculation in Harlem made short turn In which ho
realized 100000.
When IL became definitely known that the President
had only decided purchase 52Os par, instead OF
placing legal tenders with the banks, lending them
legal tenders upon their securities there general
disappointment William r. Trayers said that II such
was the case 9" he Qhe Presidency might well take
down his sign"
1t was asserted that the proposed relief would act
Oppositey to what intended. The savings banks
having large quantities OF bonds would sell them the
Government par and pay the checks Of their deposit
the proceeds The depositors returning home,
would either the money their homes carry IL
around on their persons in either would add
the general strngency by withdrawing much from
circulation.
Already English capitalists preparing for descent
upon the enterprises and properties which Americans
have been obliged to abandon by OF the panic.
On saturday afternoon prominent American hnaneer
with large English constituency. received order
buy 5000 shares OF good divdendpayng stocks which
would react to proper and adequate prices.
Late last night among the excited crowds OF stock
brokers aud Spectators in the Fifth Avenue Hotel at
Udon Club, and in other places where they
resort, there much confused talk about leading
stock closing their doors in the morning simply
resolved do business until the storm should blow
over Others insisted that the wsest course would he
fortall the banks suspend. Some prominent capital
reported as favoring this plan, but no bankers
could be found who ntimated any intention OF doing So
Great confidence expressed by welliUformed
fnancers the condition OF most of the banks though
t admitted that two prominent ones might possibly
be involved in trouble.
Mr. Peabody Of the well-knOwn firm IN London arrived
last Friday New-YOrk his rst visit since 1852 lie
arrived then the famous Black Friday, and he begins
TO think that his visits the country are lltmed
1t stated ni explanation of the reason why the
President would not authorize the loan that would
felony to do so. Under construction Of the law
he authorized to make National Banks the de-
posory OF Goyernm n funds. Oace paid into the
Treasury, they must be paid out II required through
the regular channels. To do otherwise such An
emergency the present. would be to establish most
dangerous precedent.
THE FIRST NATIONAL BANK OF WASHINGTON.
WASHINGTON, Sept. 2l.-The Controller Of
the Currency directed the collection paper tho
First National Bank OF Washington TO DC deposited for
collection with the National Metropolitan Bank next
door. Correspondents requested to correspond with
the bank IN reference thereto thus facilitating
the business of the receiver.
ATTACHMENTS AGAINST A. s. HArcHs PROPERTY.
BosroN, Sept. 21.-Seyen persons have laid
the amount Of the property OF
A. S. Hatch. OF the nrm OF Fisk Hatch at Newport,
l. The property includes the yacht X ,soute and bis
villa, one OF the finest in the city.
PRECAUTIONARY MEASURES IN CHICAGO
CHICAGO, Sept. 2l.-A meeting of the officers
Of the different savings banks this city was held to-
day, at which all the savings institutions OF the city
represented After discussion OF the financial ea-
element and trouble in NewYork, and the probability
OF the extension Of the panic to this city. 10
was unanimously resolved TO notify 70 their
depostors through advertisement in the newspapers
aud personal notice that they will avail themselves OF
the privilege given them by their charters OF giving GO
days notice before paying their depositors This action
deemed simple act of prudence to iorestall the
See sevsssh Pa&s,