Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-25

card On their door gives the failure Of Henry
Clews & Co. as the cause, but states thai
the firm will be all rightiin a few days.
The mining classes are large depositors, but
have not vet learned of the suspension.
Much excitement exists among bankers and
business men.
The Locomotive Scare.
PATTERSON, Sept. 23.-Four hundred
and fifteen more men are to be discharged
from Rogers locomotive works tomorrow,
making one thousand men laid of this
week, or two-thirds of the whole force. The
Danforth and the Grant works have not yet
decided to discharge any Of their workmen.
Washington.
WASHINGTON, Sept.24-The Freedman's
Savings Bank to-day determined that it will
require 60 days notice from depositurs to
withdraw money.
Milwaukee Stands still.
MILWAUKEE, Sept. 24-There was large
attendance upon the re-assembling of the
Chamber of Commerce this morning. The
following resolution was offered and ado pit
ed almost unanimously:
Resolved, That this Board stand adjourn
ed until Monday next, the 10th inst, under
the resolutions of Monday last, unless
sooner called together by order Of the Pres
ident and Board of Directors, provided that
nothing in this action shall be construed %
interfering with the settlement between
parties of existing contracts and the calling
and putting up margins, and this Board
recommends that all outside trading be ds-
continued.
Chicago Cautions.
CHICAGO, Sept. 24.-All the dag hss
been a very quiet one on Change and the
prices of all grains have declined. There has
been marked absence of excitement and
continued feeling of confidence on the part
of nearly all the members of the Board OF
Trade. Last evening there was some agi-
tation of q proposition to close the hoard for
q day or two but the movement amounted
to nothing. The Board of Directors to-
day recommended to the members that
business be conducted on as conservative
basis as possible and that efforts be made
to adjust outstanding bills Maturing the
present month on some basis; that transac-
tons be limited to the settlements OF out
standing contracts and to sales of property
for cash and that in all transactions liberal
and reasonable confidence be exterded
where the same would under ordinary Cir
cumstsnces be proper.
These recommendations were received
with general expressions of favor and have
been followed with great unanimity, so that
there vii! by tomorrow night be very few
outstanding trades to settle. There are
now fewer outstanding than at any time
since the fire. The holders of cash grain
are lndisposed to sell at present prices, and
this, with the inability to negotiate ex-
change, prevents the filling of orders for
grain now here. There is a general feeling
of relief that the day has passed in New
York 80 satisfactorily, and renewed conf
dence in the ability of the bankers aud
merchan of Chicago to pull through all
ri hit. There have been no failures of mer
chants or grain dealers. The banks all
went through the clearing house to-day and
are in good hope, and there is an almost
universal feeling that the storm has
passed by.
Brown, Lancaster q Co.
BALTIMORE, Sept. 24.-Brown, Lsncas-
ter Il Co., well known bankers In this city,
and agents ofthe Chesapeake and Ohio z ,il-
road, having branch houses in New York
and Richmond, suspended this afternoon.
The firm state that suspension was caused
by unexpected and unprecedented run. 1t
is said statement will be made tomorrow.