The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-27

HI-J uLs' t9gSC.G VIZ t.. .tt1. W.
.s. s-ia mo g3Gi hr7 5sI'r sGi. vLsli.
among those who passed the Clearin inl
House to-day, that 1t isfeared. will havl
to succumb to the same inHdences tha
closed their fellow banks. 80 +.
There has been during the day mucl
cooler and more hopeful leeling among
the business men than could have beer
expected, based doubtless upon tho, firm
stand takensby many of the strongest
banks and BY. the more encours
ging reports from New York, there
Is also fair amount Of currency
coming In. An aggregate OF some
$600000 having been received by
the different express companies to-day
Private advices from New York also state
that currency is being, shipped West, and
banks are being advised that they may
draw upon their balances. The action ol
the Board Of Trade in stopping option
sales for the present, and the con.
servative action Of the members for
the past few days In involuntarily
abstainlng from trading In options, has
put the grain trade In condition to meet
the worst, There Is considerable curren.
cy coming in from the countryior invest.
ment In grain, which will 90. TO aid the
stringency. THERE'S, however, an anx.
ious feeling for the future, and intense in
terest isielt in the possible developments
OF Tomorrow f-., l.Ls
H.. A dispatch from Dubuqe, Iowa, says
that the, Merchants National Bank OF
that city closed Its doors this
morning, giving as q reason the impossi.
bility to procure currency from Chicago.
The Commercial National Of the same
place continued 10 pay out as usual, and
though there was something Of run on
It during the day their deposits nearly
equalled the Withdrawals.
A meeting Of the Clearing House AS.
sociation is being held tonight, but up TO
midnight had not adjourned and the pro-
ceedipgs cannot be learned. r
The Situation In st. Louis.
ST. LOUIS, Sept. 2G.-Mayor Brown
sent a message 10 the city council, rec
ommending that, in view ol the fact that
the temporary suspension of the banks
had locked ny the funds. Of the city,
Treasury warrants on tax certificates to
the amount OF $500, 900 be issued, where.
with 10 pay the current expenses OF the
city. An ordinance authorizing such
issue was introduced, and referred TO the
Committee on Ways and Means, and will
pass without opposition. The day has
passed without any excitement, but
there Is deep anxiety as to tho
result OF the present disturbed con-
dition Of affairs, and men Of oil classes
are filled with apprehension. Affairs
have been quiet among the banks. The
non.payment Of currency, plan adopted
last night, has worked well so far, and has
met with general approval. There have
been no runs worthy OF mention. Most OF
the Savings Banks have met all demands,
and their deposits have exceeded the
amounts paid out. Many depositors who
withdrew their accounts, deposited again
during the day, and confidence was
largely restored. The volume OF bust.
ness OF the regular banks decreased some.
what, but no one has suffered for the want
Of money. Deposits Of those banks have
been In excess of the amount paid out
altogether. The day closed with an i'm.
proved feeling and brighter hope for the
future.
To-Day'sN. Y. Times Money Article
ENCOURAGING SYMPTOMS.
NEW YORK, Sept. 27.-The Times
financial article states that for the first
time since the panic set in prime mer.
chant paper outside OF bank has been ne.
gotiating at 10 and 10 per cent, and con.
siderable amount Of short produce bills
from the west have been discounted at
bank without settlements Of stock ex.
change. The contracts have proceeded
60 far that 1t Is now believed
that the Exchange will be reopened at an
early day. A number of banks have so
far reconsidered their purpose to refuse
greenbacks or bank notes for moderate
checks, that they are now accommodat.
ing dealers, and an uptown bank officer
believes that there will be no difficulty In
furnishing notes for the payment ol la
borers tomorrow.
The Clearing House Association has sent
into the Sub. Treasury all their $500 and
$1,000 certificates, for the payment OF
which greenbacks were reserved in the
Treasury, except about $4,000, 900, and
have received notes therefor. How much
legal tender the banks will close
with tomorrow, there are now no means
Of knowing tonight. After the reopen.
ing of the Stock Exchange next week,
most Of the Banks will insist upon being
relieved Of the dangerous burden Of cer-
tifYing brokers' checks.
No Panic Yesterday at Memphis.
MEMPHIS, Sept. 20. - The financial
panic was not resumed to-day. At a
meeting Of the stockholders OF the First
National Bank, the bank was shown to
have abundant first class assets, and
measures were taken to set tho bank on
a better basis than before. ~
The London Times of this Morning
on the American Panic.
LONDON, Sept. 27-5A.M.-The Lon
don Times this morning in o leader says !:
"In view OF the great fact that the
mercantile class Of the United States are
still, unharmed II means are devised to
check the utterly groundless decline in
rates Of Exchange, so as to permit
o continuation Of legitimate commerce,
the solid interests Of the country will re.
main free from peril, and there will con.
sequently be no contagion from the disas.
ter in England" ~. I'D
Fatal Affray Near Frankfort, Ky.
InrIsynIr Sent oa "A anecial 10 the