The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-09-20
TERMS OF ADVERTISING /:

the movement now making to get the Secre-
tary OF the Treasury to come to the relief
with ten millions should fail there will be
a general suspension Of banks and others.
A meeting of bank presidents is now being
held at the clearinghouse.
The police prevent any person but mena-
bers to enter the Stock Exchange.
E. D. Randolph & Co., bankers Of the
Pennsylvania Central railroad, and William
RI. Connor have announced their suspel-
ioI.
The Clearing House disappointed 4 COM
mittee Of five for the purpose OF forming
plan to relieve the present difficulties.
2 o CLOCK p. MA better feeling prevails.
Western Union Telegraph stock has ad-
vanced TO y. The run on the Union Trust
Company is subsidipg. There is more or
less crowd around every paying-teller'S desk.
George B. Alley, whose suspension has
already been announced, Is widely known i'll
connection with fast horses. He raised Dex-
ter. He says his suspension is caused by the
general decline in stocks, especially fauder-
bit stocks. His liabilities are not large, and
ha expects TO resume soon.
Green!eaf, Norris & Co. Is an old and
wealthy stock firm.
President Calhoun. Of the Fourth Ma
fear anything"
President Tappan, of the Galatia Ma
tional Bank, says he believes the better bank
ing institutions will weather the storm.
Secretary Carlton, Of the Union Trust
Company, says the company is perfectly SOL
vent and will meet all demands. II is re.
ported that the company had 100000 on
deposit last night.
MIR. Fahucstock, of JAY Cooke 4 Co., said
in an interview this afternoon that the firm
hoped to pay all liabilities. Mr.. Garland.
another member of the firm, said the London
|! house will have a large surplus after the
payment of all debts, unless there Is great
| shrinking in the value Of their securities.
The latest rumor on the street is that the
Government will come to the rescue to-n.or-
row bv buying Sj,0O0,G coo bonds.
The grain and provision markets are all
unsettled by the Wailstreet panic. state
and railroad bonds and city bank slares
| have been practically neglected, while the
| dealings in railroad stocks continued Oh an
enormous scale. This afternoon tie princ.
pal transactions have been in Pacific Mail,
Central and Hudson. Western Union. Rock
Island. Wabash, 81. Paul. Northwestern.
Lake Shore, and Erie. Outside purchasers
continue in considerable numbers OH the
declining market for investments, Which
aided in straightcniDg the market this AFTER
noon.
| Assistant Treasurer IIillhouse says 1t is
| in the power OF the natioEa banks to avert
further disaster, and they will undoubtedly
| do so.
| $40 p. M.-The Euening Post is informed
| that Secretary Richardson will offer to buy
| from five to ten millions Of fiyc-twentieS to.
morrow, This will throw into the banks
legal-tender notes for Il large currency. The
balance in the Treasury is nearly all com.
posed of lcgal-tenders. With the panic thus
| checked, u calm with low rates for money
| will soon follow.
Jacob Little & Co. have failed.
| PHILADELPHIA, September 19.-The fol-
lowing suspensions are announced: II. II.
Douglass, Bayard, j. ii. Yerkcs. John
Lloyd, Gilbough & Co. AL are small except
Gilbough.
LONDON, September 10.--Jay Cooke, Mc'
Culloch & Co., Of this city, have paid over
their counter all day Notwithstanding the
run on the house.
New York, September 19.-Thc Union
Trust Company paid ont until O'clock
one hour later than usual. The Manhattan
Bank was open till the same hour to certify
thc Union Trust Company's checks.
Prominent bank officers are of the opinion
that the worst of the crash Is over.
The volume Of business in the Stock En-
i change is largely over that OF yesterday,
while the fluctuations were much greater.
AS the announcements Of failures followed
each other in quick succession the excite
ment became wilder, and heavy blocks 0!
stocks were thrown overheard apparently
regardless of the prices they brought.
The Express tonight sums up the sitna-
ton as follows: 1.-The day closes on the
whole with fewer killed and wounded than
might be expected, all things considered
No trust company has suspended; no tanh
has refused payment. All the great railway
corporations are apparently as firm as
rock"
The following firms have suspended in ad'
dition to those already reported: White
more & Anderson and Smith, seayer 4 Co
WASHINGTON, September 19.-The Secre-
tary of the Treasury at a late hour tonight
tcleerapbcd to the Assistant Treasurer al
| New York to purchase ten millions OF bonds
on Saturday. m
| PglApELpalA, September 19.-Thc feeling
here is that the worst has passed, ana tha'
tomorrow will witness q decided change FOL
the better. It is authoritatiyely stated thai
neither State or city funds are disturbed.
/ General Grant is in town, and was waited
upon today by prominent and lnilienlIa
gentlemen.
weather Probabilities.