The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-09-26

l''i'i'N''N IVA Wv 'lNN lh- NV 'Nl'ilN'N vi
the Geneva award.
GOVERNMENT nrsINF-s.
\ Washington special says the govern.
mcnt business with Jay Cooke. McCullocl
X Go. has been stopped. and ils accom-,
will probably he transferred to the house
of [. :. Morgan x Co.
LOSS 10 \ FOREIGN MINISTER
Uwtcd States Gillian Minister Root
loses four thousand dollars by Jay Cookies
failure.
THE PETERSBURG BANKS
Comptroller Knox believes all the Peters
burg bank are solvent Receivers have
been appointed for them.
noWE~ AND MACY.
$40 am. None OF lowcs X NIaceys
checks had been rejected at the clearing
house. but rs now appears they suspended
not because bankrupt but to avoid great
sacrifice Of securities. They will probably
resume soon The list OF their correspond
cn,, embraced eleven national and state
/ banks and one hundred and forty private
( financial Institutions. The Times financial
article says then suspension was not sur
prise to any one. who looked for the fail
IRE or serious embarrassment of every
banking house conducting accounts of the
south and west after the heavy disasters of
last week to McSsrs. Cooke and Mrssrs
Fisk X Hatch These were the troubles
against which Clcws had to struggle. and
in vain. The disaster to the last of the
prominent houses that allowed interest ON
country bank deposits subject to demand
in the failure of Messls. lIowes 4 Macy,
is qualified by The fact that no further fail
urs OF this character are lie dreaded. The
worst has been told in the course of six
days. sal experience. The associated banks
must now bear the pressure of demand
from the country banks, and rs already
reported they have resolved 10 stand by
each other.
WILL SPEEDILY RESUME.
Henry Clews Il Co.. Fisk X Hatch and
llowcs x Macy are now confident of re-
suming very soon, They claim to have
more than sufficient assets to meet all liza
bilitics. Everything is quiet town. No
further rum on the savings banks
mMorED NcrroN OF SECRETARY rIcm,rp-
sos
9a.m. rum"r extensively prevailed
last night that the secretary of the treasury
had promised to purchase bonds and return
them for the price paid after the crisis was
over. This report though probably having
no foundation, created no little GOOD feel
ing. The general expressed belief here i,
/ that each step would remove ali further
/ apprehension. as the holders Of bonds gen
orally would turn them in To the govern
4 mcnt for the time being, in order TO add
| to the volume OF money in crcuation II
! Is argued on the other hand that the gov
eminent would have 10 rgh, iotakc sucl, Il
/ step,
Jay COOKE X GO,
Members of the jay Cooke firm meet
] hilN ihNi h'htlN ll'N "
their securities in order to meet obligations.
but wait for the restoration Of public con
lidcncc
MERCHANTS CONFIDENT.
Stewart, Clallin, Arnold x Constable and
other leading merchants report the mercan-
tile outlookas encouraging. aud no accession
for soicitdc
QUIZ ABOUT rnE SAVINGS BANKr.
80, a. IN. All quiet about the saving
banks this morning. There are no indica-
lions of any run.
PLAN FOR TIE RELIEF OF BANKEG~.
The bank association ut II meeting to-day
is going to act ON proposition submitted
by George Opdyke that all the banks shall
discount all undoubtedly good paper which
may be offered, thus easing their mercan-
tile customers, and further that should any
bank he over burdcned with paper ii shall
be relieved by the others by being allowed
to use notes as they now use other collater-
ais, subject to the criticism of the commit
tee
THE STOCK EXCHANGE.
1890 a. m-Gold opened at HE. The
stock exchange will not open to-day.
PURCHASE or BONDS SUSPENDED.
A notice isposted at the sub treasury that
purchases of bonds at this Office are for the
present suspended. In answer to inquiries
the sub-treasurer states that he cannot say
whether any purchases will be made to-day
until advised from Washington.
THE FEELING IN WALL STREET.
l045 a. m.-Wall street has resumed
something like it normol.appearance. Tn,
excitement consequent ON the panic is rap
idly subsiding. There are rumors of sus
pension this morning, but there is no truth
n,them. The stock exchange being closed
pretty active business for cash is being
transacted in the street
NEUTRALITY-SUSPICIOUS.
1850 A. M.-Banks and brokers keenl,
complain of unfoundcd statements, ant
often malicious, sent ont from the city by
irresponsible parties, which have not only
done great personal injury, hut added fue
to the excitement. Cabs were frequently
driven pcll nell into the nanjc-feedino