New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-22
A CONCLAvE OF CAPITALISTS.

GOVERNMENT OFFICIALS CONSULTING WITH NEW
YORK FINANCIERS on THE CRISIS.
The arrival of President Grant at the Fifth Avenue
Hotel on Saturday night, with the avOwed purpose
of discussing with Secretary Richardson the needs
Of Governmental interference in the present fnan-
cal cnsis attracted to the neighbOrhOOd of his par
Tors at the hotel yesterday afternoon, the wealth
lest business of the city. The hotel was indeed
as lively the Stock Exchange had been, notwith-
standing the church bells were ringing Outsde, and
q Sabbath air of peace and quiet Teigned over the
almost deserted streets The whole life and stir of
the great city had apparently been compressed into
its smallest compass and packed within the corridors
and Hobbies Of the hotel Solid groups of business
men, engaged in low and earnest conversation.
crowded the Hobbies beneath aud the carpeted floors
and parlors adjoining the southwest angle Of the
hotel where in paIlors Nos 1884 aud 49, the Presi
dent and his party were assembled.
Accompanying the President were Secretary Rich
ardson. Gen. Babcock, the Presidential Secretary
Gen. HbOuse, the Assistant TTeasuTer Gen. George
A. Sharpe Senator Morton of Indiana, and Senator
West of Louisiana Among the capitalists and citi-
Eens who thrOnged the corridors, OF waited in the
parlOrs on the decision of the authorities were
George 0pdyke, William orion, Robert L. Kennedy
John J. Cisco. Prosper F. Shaw, Rufus Hatch. H. b.
Clahln, John HOey, jenkins Van Schaick, Gen. +.
g. Sanford, J. H.. Banker, w. l.. Scott, Eugene j.
jackson, H. H. Baxter Jacob Rubins, f. d. Tappen,
William r. Iravers, n. Hart Jackson, 0. w. Joslyn,
Clark Bell, H. g. Chapman Charles j. Osborn
X. W. Nathan, Mortimer Hendricks, John J. Donald
soD, Samuel Ward, B. A. Camp, II. n. Smith, H. X.
Enos, William Heath, Mortimer Smith and MANY
Others whose interests lay in the immediate turning
of the financial rout which threatens the country.
The Hon. Reverdy johnson was also visible at fire.
quent intervals in thelsubstantia throng II was a
rather substantial assemblage indeed and when
Commodore vanderbilt, on the arm of a Younger
friend appeared IN the carpeted corridors one of
the substantial men remarked, with possibly par
donabe pride, " A very substantial assemblage in
deed. should say over hundred milonsp
THE DEMAND OF THE FINANCERs REJECTED.
The capitalists held INSTRUMENTATION nformallv
in Room No 49, and most of those named above
were present at different times of the day and even
ing The discussion began at about 10 o'clock. and
immediately centered the direct proposition that
the Government should loan To the banks of the
city the whole of the Treasury. If needed
aud that il should be done before 10 o'clock on Mon
day. Twenty different propositions made by as
many men, and coucbed in different terms meant
only this to the Government, though doubtless each
fnancer concealed in his diplomatic language some
secret purpose OfIhis own.
When finally proposition had been agreed upon
the capitalists in body called upon the President
and Secretary IN the parors devoted 10 them and a
chosen speaker propounded it. 1t met with instant
rejection. Secretary Richardson at once and uDhes-
itatingly declined positively to do anything Of the
sort or 10 listen 10 such revolutionary proposition
IL was not so some Of the bankers intimated. his
funeral but thers and tins facetiOus way OF putting
IT did not move him. The capitalists again con
suited aud could come " NO satisfactory decision