New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-30

panic which has extended to almost every city In the
Union less koenly than almost any OF them although
more than half OF her banks have either failed been
forced into partial suspension It is generally con-
coded that there is better feeling here and that lin
few days the public confidence will be restored Those
banks which refused 10 90 into the arrangement for
partial suspension by paying largo checks have been
overwhelmed to-day by depostors and them have
money than they have had since the panic began 1t
is said that George W. Riggs Co. have received on de-
post since last Wednesday million OF dollars,
while payments 10 deDOsitors were less than half that
amount. One depositor, Mr.. W. W. Cochran, alone
turned into the vaults OF the bank to-day about 100000
in currency MT Ruff by the suspension of his savings
bank has changed from of most joyous and happy
men in the district to unatc, and t is reported that
he has been removed to the asylum Last winter MS
bank stood much more determined run, and ne was
everywhere commended for his gallantry.
No list OF the loans and discounts OF the First Ma
tonal Bank OF this city has been furnished Tor puooa
tion Mr. E. L. Stanton, the receiver OF the panK' con-
sders that suob statement could only be gwen by yio-
latpe the confidence between the bank and its custom
ers which he has right to do. There seems 10 Do
good reason TO believe however. that some OF these
loans were made upon securities OF the most doubtful
character At the Treasury Department IL Is ascer-
tanned that the Government had S27s2 As on deposit in
the First National Bank at the time OF It's suspehson
while it held security for such deposit amounting to
only 100000; so that the Government held ss7S2 40 In
the bank without any security for 1t whatever MI
stanton also declines to give the deposltors of
United States money the time Of such deposits
WORKING OF THE NEW BANK PoLICY-HEAVY DE-
POSTS WITHDRAWN.
WASHINGTON, Sept. 29.-The Farmers and
Mechanics National Bank OF Georgetown the National
Bank of the Republic the Bank Of Washington and the
banking houses OF Riggs Co. and Middleton Co. OF
Washington are all paying demands upon them as usual
The other banks and banking houses in the combination
formed last night certify checks instead of paying
currency Will not pay the smallest check to-day
This the effect of creating much dissatisfaction
among deposors, and retarding business operations
generally Since the panic began, four institutions nave
entirely closed their DOORS namely, the First National
Bank and the Washington City Savings Bank, now in
liquidation, and the banking houses of jay Cooke Co.
and FAINT Washington & Co. There were drawn from
the Freedmans and Washington City Savings Banks
within DAYS S575OOO, and from the other banks IN
drew from the National Bank of the Metropolis $1,000
and placed II IN the safe Deposit Company Most OF the
money drawn still in the hands OF private persons
FINANCIAL COMPLICATIONS IN GOVERNMENT DE-
PARTMENTs.
WASHINGTON, Sept. 29.-The refusal OF the
national banks in Philadelphia to pay drafts upon them
in currency having threatened TO deprive the Postal
MoneyOrder office in that city Of the resources on
which it largely depends remittances from country
Offices the Postmaster to-day authorized to draw
for limited amount the Departments reserve de-
posted in the SubTreasury at Newfork Cly Slinlar
were fOreshadowed by numerous tele-
grams from western Postma5tGrs on SATURDAY pt tne2
generally report to-day tnat the banks nave resumed
currency payments The Patent once To-Day refused
receive payment of fees in certhcd checks except
upon banks willing TO cash them.
II is supposed that the falling OIL IN internal revenue
receipts today compared with last Monday namely,
S2OOOOOis mainly, II not altogether attributable TO the
scarcity Of currency for remittance.