, 1873-09-28

and First National DanlsB, were horo obsorrod,-
sna o1'oors Expressed tho completeHt confidence
in tho future.
TIE NATIONAL. RANK OF COMMERCE.,
suspended on Friday, declared ita readiness to
resume whenever other suspended bnnks took
the Initiative, and asserted its perfect solvoncy
Their suspension had not boon forced by the
deBolation Of thoir vaults, but dictated by tho
eame financial viewR that had directed tho course
Of tho Union National.
THE GERMAN NATIONAL
and ita energetic President, Mr. Groenebaum,
Wero doing business, paying and receiving money
citoment would quickly Hubaido. Heintondod to
koop on with hiB business Rs heretofore.
SAVINGS AND PRIVATE BANKS.
THE CHICAGO SAVINGS INSTITUTION
presented no Indications OF excitement. fow
persons had boon calling during tho week mud
giving notice Of their intention to withdraw thoir
balances as tho end Of sixty days. Others came,
and. getting explanations, departed satisfied that
their money was safe. Tho President, Mr.
Yunge, was not dospondent. he felt he had
done, and was doing, his duty, aud had tho con-
sciouaneas of 1t. Ho was in favor of FREQ bank
ing "a against United Statos bonds, as in former
times. II banks wore froo thay should bo OYER
hauled by Examnors, appointed by tho
Government. He beloved there should bo
some chock, some control, and tho Logt
way would be for tho Government to have
patcrnal surveillance over tho institutions. The
country vas well or. but general distrust pro-
vailcd, and every one felt like locking up all the
money they had There was no floxibilty In tho
currency as at present managed by law. There
should bo devised some meRna by which to re-
doom bonds for currency IN times Of mood. 4
special 8ossion Of CougreBB to logielate for tho
crisis should bo conv ened. No ono could avoid
bowling to the emergency. When an avalanche
camo tho safest courBo wa9 to gct out Of tho
way, and when tornado hoVo In sight it WAS
bottor to lie down.
THE MARINE nANK,
Of which 1fr. Scammon ia the presiding goddess,
was doing about tho same business az on tho
Tie clerAa had plenty OF leisure. Al the far
end Of tho bank is sort Of Punch and Judy boz,
whero Mr. Scammon roasted "like bird Of evil
omon," mud told those who questioned him that
everything was "buBt" worse tllnn 81 or
atu,nptail timcs: Tic waa poor comforter, and
was waiting, With tho patienco Of Job united to
the meoknBss Of MoBaH, for Congressional re-
1of, and FREQ banking law. He Desired
special session Of Oongross.
THE HIDE AND LEATHER nANK
was visited, and Alr. Grey made q kindly and
encouraging talk. ThoS wore paying everything
at ali hazards, and wonfd keep on payiug They
wore mover SO woll fixed, and nover ind 10 much
cnrrency IN proportion to their assots. Ho did
uOh pAk nut lhlLA IL tNuHlb6blOuW llkHTIGItllEp
This was . financial dsoase, aud, like any other
disease, there could bo no pormanent curo un-
til 1t worked itaeif out. Lot tho eruption take
place, and tho patient, when entirely rolieve1
ct bad matter, would experience 2 lahting re-
lief and o perfect euro. He did not be-
lievo In violent lemedies. Tho country was
all right It was full OF woalth, and there would
DO no trouble If bankers wcro not panic-strickau.
Everything would ba Horcne in n short time, and
ali that WAS needed waH moderate amount OF
Jobs predominant virtue.
PRESTON KEAN
wero doing regular business yesterday, and m.
nounce their intention Of continuing in tho sama
satisfactory courae. Information WAS received
yesterday that the firm Of David Preston i Co.,
Of Detroit which had suspended for ono day ID
itB savings department, lad resumed businesa
NTH removed confidence.
THE 1i1DEnNIAN RANK
furnished no nows-nothinE to dilate uron.
The officials could givo no information further
than that thnir businesA WAS uninterrupted and
satisfactory. Tho Indications pointed 10 better
times In the coming week, and tho aspect Of
things was bright.
presented nothing now. QuietneHa reigned st,>
preme, and hLr. Haines folt good. lilo was
buoyant and cheerful, and inclined to the opiu-
ion TINT We havo aeen tho worst and thinga
haye already begun to meud.
THE INTERNATIONAL NASK
Ia conducting the husiness OF ita ctlatemors as
usual. The President, B. Loewenthal, says lie
finds the customers very reasonable. llc OK
pressed his opinion that tho allowing OF interest
should be abolished. 1Io considered That tho
Times article had much to do with tho panio.
Tie banks previous to that publication wero get
ting aloug nicely. The Immediate consequence
OF tho intlnmmntory article was 8 rush By coun-
try and city depositors to withdraw their funds.
TIE sTATE SAVINGS 1Nsr1TuT1oA,
through its President, bad nothing ne~ Of m
unfayorable nature to. report; what change
r1u II Sfa1 1nx t1r i,r&
tor. Tho notices for withdrawal had decreased
very considerably. Tho rush Of customers was,
for q Saturday worry light Indeed, az compared
with previous days Of tho week. Ha beloved
tho bottom had been struck at lnst: Que reason
why tho State Savings Bank should hayo natnr-
ally heavier run than tho other banks, and
yory simple reason, too WAS tint itB business IL
about ten times as largo az Tint OF ordinary sas-
iugs banks. Taking into consideration that tho
bauk has no less than 15,0O0.odd accounts, the
behavior Of the customers generally is quito
praiseworthy. Tho President Of tho Bunk aaid
the publication Of infammatosy hcal-iines by
tho Times "was bud, +" 1t had much to do IN
eauHing tho present trouble" otc.
waH going ahead smoothly. Tho Prosidont re-
ported considerably loss checking against nc
counts, and stated that no considered tho or
oitament was allaying.
THE SECURITY sAv1Nae nAsk
was found running ~ usual. Tho President Of
this institution did not enter into tho compact
which moat Of tho savings banks bound themselves
by, not to pay out deposits saye upon notice, but
oxeroisoa lis Judgment In zach application. Tic
bank, not having been long staltol. IL not
much troubled with tho disag greeablo effects Of
tho panic.
TIE pANK OF CHICAGO
waB Ata atand-stlll 4 fow depoaitors had given
notice OF withdrawal, but further thau tAat tAora
is nothing to Say.
TIE BANK or MONTREAL
was untlsturbod, aud nothing short of = first
class earthquake can yeor 1t from tho oyon tonor
Of ita way.
THE 0ERMAN1A nANk
paid aud received cash, aud will keep On do"
Ing 90.
OTHER uAHK6
Visited furnishsd nothing to write about, and Al