Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1873-09-26
10th, having first voted to hold the next an

Goth, having first voted to hold the next an
nual Communication at Atlanta, Ga.
News from Washington on the 21st was to
the effect that the Comptroller of the Currency
had directed the collection paper of the First
National Bank of Washington to be deposited
with the National Metropolitan Bank for col
lection.
The result of the conference held in New
York on the 21st, between the President and
Secretary of the Treasury and leading fnan-
cers, had been the issuance of an order
directing the purchase of all fve-twenties
offered at private sale. 1t was thought that
this measure would release S20,000,000 to
S25, 600, 900 greenbacks, without touching the
reserves.
The bank statement for New York appeared
on the evening of the Goth. From that it ap-
peared that they had sustained a loss of ST.
519, 700 specie and s., ,4O9, 800 legal tenders, a
contraction of Sc, ia, 500 in loans and 50, ,277,-
400 in deposits, during the week ending on
that date.
In anticipation of a run upon their institu-
tions, the Inter OCEAN of the 22d says that the
Presidents of the fourteen savings banks of
Chicago had conference on the 2lst, and
mutually agreed to hereafter insist upon
requiring thirty days notice for the with
drawal of deposits, according to their re-
spective rules.
An Augusta, Ca, dispatch of the 22d says
that on the 18th terrific storm passed over
Florida in the vicinity of Tallahassee. A large
number Of dwell gs had been blown down,
and the crops in all that section ruined. Three
or four lives had been lost, several persons
persons injured and large number of cattle
killed. The town of st. Marks had been COM
pletely washed away, only two houses being
left standing, and twenty families had been
made homeless. The town of Newport had
also been swept out of existence.
telegram from Philadelphia, of the the
22d, says that the financial horizon had bet
ter and clearer outlook, and that by the fol-
lowing day matters would resume their nor
NAL condition. The Citizens, the Iron, the
State and the Keystone banks had temporarily
suspended, but arrangements had been made
to enable them to resume Immediately.
A New York dispatch of the 22d says that
the financial atmosphere had become
much clearer. The business of the day
had developed remarkable strength in
the banks, only two of them
finding it necessary to call for loan GER
tificates at the Clearing House. The Stock
Exchange had not been opened, though set
Elements were making on generally satisfac-
tory terms. It was thought that business in
the stock line would speedily be resumed.
A Washington dispatch of the 22d says that
the President and Secretary of the Treasury
had reached that city. The President felt
confident that the right method had been hit
upon to afford help from the Treasury, and
the general conclusion reached by the informal
interchange of views was, that if further help
appeared to be needed it should be given so
far as it was possible for the Treasury to act.
1t had been decided to send S20,000,00 to
New York, to enable the Assistant Treasurer
in that city to buy all the bonds that may be
offered
In Chicago, on the 22d, the impress
sion prevailed that the worst had
been reached. Money was very tight,
but no further failures had been an
nounced For the first time in the CONNER
cial history of that city the usual order of
things was reversed in. prices. There was
scarcely any dealing in "options'' in the Board
of Trade. Cash wheat sold at $l.05, while
seller October ran as high as S1.07 to $1.0719.
clad it not been for the panic," remarked a
leading dealer to areporter, "before the month
closed the difference would have been greater
the other way"
On the 3d. the President appointed Oscar
Whitney, Secretary of Dakota Territory, 0ice
Gen. McCook, deceased, and Jonathan
Merriam, Collector of Internal Revenue for
the Eight Illinois District, Vice Harper, alb
seconded. Treasurer Spinner was very ill on
the 22d, with malarial fever.