The Portland daily press., 1873-09-24

"A reporter OF the Associated Press inter-
viewed Mr.. Peake, head of the firm of Peake
Opdyke & Co., one of the houses mentioned,
and was informed by him that the firm is per-
fectly solvent Mr.. Peake exhibited the books,
which showed that the firm had more than an
average balance at their bankers.
Assistant Treasurer Hihouse received 800
100000 In greenbacks from Washington this
morning to prevent the possibility of becoming
embarrassed in the purchase of bonds
! The clearances of the Gold Exchange Bank
are completed and the balance will be paid as
usual.
One million five hundred thousand of loan
certificates Lave been issued by the Clearing
House to-day
1t is probable that the whole ten million loan
certificate will be taken up, and the Clearing
House Assoc alton will increase the amount
Suspension of Henry Clews & Co.
Henry Cews & Co. have suspended. A large
crowd are found on Wall street.
Henry Clews & Co. state that during the
past four days they have pad.out 81, 100000 in
money They made the utmost efforts to-day
to raise money on securities but finding it i'm
possible to do so were compelled to suspend.
Payments from Treasury.
The sub treasury has paid $4,000 in gold
coin account of interest and $1,000 for called
bonds; also So, 205, 900 for bonds purchased to-
day.
The Panic Renewed.
The suspension o. Henry Cews & Co. has
bad tendency to destroy the improved feeling
and to revive the excitement The firm paid
out ST 900 in legal tenders to depostors du-
ring the past few days, and it was the impress
sion that they would pull through, but to-day
the 4th National Bank refused to clear their
checks, although the firm had 100000 of secu-
rity deposited, against which $500, 900 had been
drawn.
Prospect of Settlement
The Evening Post says the prospects of set
Element by some of the large suspended bank
firm G min cot icfn
pect
Union Trust Company in Bankruptcy.
The investigating comIuittee of the Union
Trust Company haue not completed their ex-
animation, but expect to conclude Tonight.
Nothing is known as to the whereabouts of
Charlton The statement that petition of in
voluntary bankruptcy had been filled against
the Union Trust Company proves to be a fact.
The Savings Banks.
Depositors in the Brooklyn savings banks
this morning showed symptoms of alarm and
rnany drew their deposits. No notice is requir-
ed SO far in Brooklyn.
There is no uniformity of action in the New
York savings banks. A very few pay nothing
without notice Others pay sums under 500,
and some under $1,000 without notice, and ex-
act nothing for larger sums: Others pay all
demands and some use discretion in paying de-
MAIDS that appear legitimate to- whatev-
er amount and require notice on all demands
being panic INSPIRED
COmmonwea. TN Bank.
Mr. Isaac 81 Bailey, receiver of the National
Bank of the Commonwealth, and Mr.. Mcgee,
government examiner from thorough exam
nation of affairs of the bank, express full con-
tidence that depostors will receive every dol
lar due them. The president of the bank, Mr..
Ellis, states that there is no intention whatever
of making any attempt to resuscitate the bank
as it is felt that it could never be done.
Another Batch of s.oan Certificates.
The associated bank, will hold meeting to-
morrow for the purpose of making arrange
ments to issue another $40, 600, 900 on loan GER
tificates, the $10,000,0 600 issued Monday hav-
ing been exhausted.
The official statement of the Union Trust
Company will not be finished till to- morrow af-
ternoon.
UnfOunded Rumors
The rumors of the failure George Opdyke
and other ba king firms are unfounded.
What is to Happene
is felt as to what may happen on Wall street
and vicinity tomorrow.
Gathering of Financial Men.
NEW YORK, Sept. pa A. M.-There was
quite gathering of financial men at the 9TH
Avenue Hotel TO night aud the situation of af-
fairs was rather more exctedly discussed, while
| the tone OF remark was generally of hopeful
| character, yet there were apprehensions freely
| expressed that the outlook for to morrow is of a
nature not so cheerful as either on Sunday OF
| Monday
Panic Ceased at Albany.
| ALBANY. N. Y, Sept. 23.-The run on the
| Albany Savings Bank here ceased this noon
and the deposits at the close were much larger
| than the amount paid out.
| The panic is over here.
PATERSON, N. j Sept. 23-In consequence
| of the financial crisis. orders for locomotives
| for three months ahead at Rogers locomotive
4 works here have been cancelled, and 5S5 work
men discharged to day. 1t is feared that 500
| h.J ohap,r a,,6
several hundred ct the Danforth and the Grant
| works.
The Panic a Thing of the Past
| PHILADELPHIA, Sept 23.-The panic in Phil
adelphia is thing of the past, and with
the exception of the Union Banking Company
| and the Citizens Bank, all our moned institu-
| tions carried on regular business to-day. The
Citizens Bank is solvent, but the present course
| was adopted as the most prudent 1t will
| probably commence business tomorrow.
There has been no run on any bank or bank
| ing institution to-day, and the excitement on
the street has completely died out.
Crisis Over in Philadelphia.
| PHILADELPHIA, Sept 23.-The financial cri-
sis is over and bankers and brokers are trans
| acting business as usual. All the State banks
| that were under temporary difficulties have
| sumed except the Union and CItizeu's, and the
| latter will soon resume. All the National banks
| stand firm and no doubts are entertained of
their stability.
PITTsBURG. Pa. Sept. 23-The Oecurity
Trust Company of this city has suspen ed.
WASHINGTON, Sept. 23-The run on the
| FIeedmen's Swings Bank has entirely ceased,
and comparatively few depositors are at the
door of the Washington City Savings Bank,
awaiting them.
The Sitnat ton in Cincinnati.
| CINCINNATI, Sept. % = The financial situa-
ton ere has not specially changed since yes
| terday There has not been the semblance of
| a run on any of the banks.
Five Banks Suspended.
RICHMOND, Va, Sept 24.-The Merchants
| National Bank, Planters and Mechanics Bank.
| Peoples Bank, and FIRST National Bank all of
| PETERSBURG suspended this M ,rning The
Citizens Bank of Petersburg although not sus-
| pended, declines payment. Rumors of heavy
commercial failures rife in that city. The
banks in Richmond all quiet but there is con-
siderable excitement over the news from Pc
tersbuIg.
The News i'm Chicago.
CHICAGO, Sept. 23.-The reception of the
news of the failure of Henry Clews & Co had
the effect to depress the prices of grain this af-
| ternoon in the open board, wheat closing at CSC
cash and OF seller October. Corn 30 1-2 cash
| and SO 3-3 seller Oct
RumOr COntradicted.
CHICAGO Sept pa report gained crcula-
ton here to day that there were rumors in New
York of the failure of several heavy grain deal
ers in this city. There is not the slightest foun-
daton for the report as there have been neither