New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-29
BRIGHTER PROSPECTS.



Gates, and vouchers upon which they made repre-
sent IN the aggregate fair value OF $4,000 "A. The In
debtedness OF the bank TO the District Governments Is
S69s 3 Among the loans and discounts three HUes
of the Northern Pacific Railroad Company. aggregatlDg
100000 and maturing Oct 49, 1879. 1t has been stated
10 me that thls Indebtedness Will be paid at maturity.
have notified the Treasurer of the Company that pay
ent maturity is required But this Indebtedness
and discounts. II the value OF said indebtedness be
separately estimated, then 100000. which is tho
amount OF the surplus entered on the books OF iIe
bank having been invested in the business the
bank would. 1t Is estimated cover the losses that
Ne Sustained in realizing the rest OF the loans and dis
nnts n apneara from the foregoing statement that
were the indebtedness OF Messrs jay Cooke Co. to the
hani 10 be paid i'm full the creditors OF the bank cond
be paid in full and its capital stock would unin
paired The proportion In when the debts OF the bank
actually be paid must largely depend upon the sx
Cooke Co. shall be discharged This II Ia not In my
power TO estimate Detaed exhibits OF the aggregated
prepared, and, copies can be made. they will
EDWIN l.. STANTON.
In tho Washington City Savings Bank now in the
hands of receiver, there about 2,OO depostors.
whose joint deposits will reach upward of OOOOo The
assets supposed be sufficient to cover the entire
responsibility of the bank.
LArRR.-The action OF the banks here tonight meets
partly the approval OF the Treasury officials An iu-
preston prevails tonight that those banks that did not
sign the agreement will do so In less than ~ hours
United States coupons maturing Nov. will be paid on
the rate OF six per cent per annum.
no MORE BONDS TO DE OBSERVATION-DISCLOSURES
INTEREST TO BE ANTiCIPATED-A BANK Ass0CA-
TIoN FORMED-PRoBABLE DISCHARGE OF Dis
TRICT LABoRERs.
IBY TELEGRAPH TO THE TRBUSE.l
WASHINGTON Sept. 2S.-The Secretary of the
Treasury said to-day that the Government would 90
nothing toward stopping the panic and another
member of the Cabinet said that the coupon bonds due
after the LIST OF January would not DO anticipated and
that the Government will not 60 into tho market and
buy the bonds in any way 1t decided by the Presi
dent tonight after comforting with members of the
Cabinet, to anticipate the November interest and the
necessary orders to that effect have been issued Secre
tary Richardson. when spoken 10 to-day TO the legal
y Of the conditional suspension OF National banks said
the Government had nothing whatever TO do between
the banks and their depostors that IL banks delayed or
refused payment depositors IL not the affair OF
the Government and that the solvency OF National
bank, so far as the Government IL concerned relates
only TO Its ability pay eenDacks for its own ciTcua-
ton.
Notwithstanding the fact that the Government has
just discussed half a million Of dollars in this
city by anticipating the salaries OF its officers
and employees for September, the same strin-
gency exists as in other cities. The banks
here with the exception OF Jay Cooke & Co. and the
First National, have stood the panic remarkably well,
the scarcity Of currency has compelled them at last
to succumb. meeting OF the bankers and bank officers
held last night. and most of the time to-day they
have been in consultation and the interest the streets
has times been great The result OF the confer
is that with three four exceptions all the solvent
banks in the city will adopt the plan OF other cities by
issuing certified checks and paying no large drafts.
Rigg & CO., Middleton & Co.. the National Bank of the
Republic, and the Mechanics Bank Of Georgetown. did
not join in the arrangement and will continue to pay
depOst0rs.
1t is reported tonight that the Board OF Public
Works will during the present week dis
continue all work on the improvements, and
thus several hundred will be thrown out OF employ
ment without the means Of living. The given
for this is that given in other cases
namely the scarcity Of funds. The National Metropo
tan Bank, in which Gov shepherd is director and OF
which Dr. Blake another member of the Board OF Works
is President. Is OF the banks that will tomorrow
suspend pay ment on checks for large amounts.