The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1873-09-25
THE FINANCIAL COMMOTION.

ing upon tHe very llle VI 'he oou1.
wealth.
THE FINANCIAL CONNECTION.
The eonmotion in the financial and bust.
ness circles Of the north by reason Of the col
lapse Of several Of the lending banking estab-
lishment, has fortunately for the country set
tled. down, and quiet and confidence are being
rapidly restored The only indication OF
uneasiness in any of the smaller cities and
especially the South, has been given in Pc
tersburg This may be accounted for by the
existence in that city Of a south sea bubble in
the case Of Ragland & Co, who have been
kiting it for sometime in railroad operations.
The sudden susspenion Of several houses III
New York, with which the Petersburg Banks
were doing business, deransed their exchange,
and an unnecessary and uncalled for panic
Selling the people, several Of the Banks had
ito suspend in order 10 adjust their balances
with the New York houses. No apprehen-
sion is entertained ofany serious elnbarrass-
ment to legitimate banking or business, and
it only requires little exercise of patience
and forbearance even in New 7 ork, for busi-
ness to resume its normal status. The wise
action of the President, ia conjunction with
the leading Legitimate banking houses Of New
York, has saved the country from wide
spread pahic, and.restored that confidence in
commercial ctrcles, which is SO essential to
the healthy operation Of business.
We are pleased to see from the New
York papers that the house Of Fisk and
Hatch, although their doors have been closed
for few days, still retained the confidence
Of tho people. The World, in we'll timed
aud ;udjcious editorial, gives the cause OF the
temporary suspension, which was merely its
business connection with other large houses
that had preceded it. The Times saceintsy
states the cause, and gives the following graf
flying assurance As they are the financial
agents Of the Chesapeake and Ohio Railroad
Company, the statement will prove interest
ing to our readers:
Messrs. Fisk and Hatch hope to be able
to resume 10 few days. They were called
upon, quite unexpectedly. to pay over 81.
700 900 in the course of Two or three hours.
Any house in the world might have broken
down under so terrible strain. The assets
Of the firm aye far in excess Of its liabilities,
AND everyday will rejoice when it is again in
position - resume business. Its tempo
rary suspension will leave 40 stain upon its
credit.
COUNTY CouRT-seps. term, Judge Hen
dren presiding, met on Monday last.
Special. grand jury summoned for this term,
made the following indictments: Against
Sarah NJ. Allen, for murder; against Smith
Harris, two, one for assault and battery,
and the other for unlawful trespass. True
bill in each case.
The case against Mrs. Allen was ordered to
be certified to the Circuit Court for trial.
Rev Milton Howard, Cool was appointed
aud authorized to celebrate the right of mar
riage.
James A Fl. LESLEY, qualified as admin
istrator Of james LESLEY, decd
Ed Echols aud Jamos L. Beard qualified
as notaries public.
Permission granted Fellers & Baker to
retail ardent spirits at their Store near Mt
@ I'll, ~
Vile
H. B. McFall qualified as Deputy Sler-
if.
Chss S. Byers qualified as Deputy Col
lector for North River Township.
w. Patrick qualified as attorney at law.
The will oe Nancy G. Templeton was ad-
mitted to probate, with Martha Templeton
as executrix.
The Republicans Of Pittsylvania county
have nominated Judge L. N. shumaker for
the Senate, and W. H. Motley, D. Shelley
Lewis, and W. ?. Barksdae, for the House
Of Delegates.
Mathew Pabst. of Washington City has
sued the Baltimore & Ohio Railroad Company
for $4,000, on account Of the death of his
wife, caused by an accident in travelling from
Baltimore to Washington.
Col Whitcomb, Chief Engineer of the