, 1873-09-28

beon stated to mo tint this indebtedness will be paid
nnr int ys mo Tho o. @
but Il This indebtedness be wholly omitted from
the valao Of Tho loaacs or dscouns tho valie Of
oo0 whirh ia tho nn,ount Of surplus enterel on the
booka Of tho hank having hee Invested In the h,lsi-
losses at may i,o A,siane. In REALIZING tho rest Of
he loans and Discounts. II apreara from tho forego-
Ing sntsnent s TINT wore tho .ne'tednsas Of h1oasrs
creditors Of tho bank could DO paid In full, md It's
sas' .so stoek would b. imralred The rronorion in
'rsn ' sas Sssss g Jay ~s1 osoae W I
sS 's 1' to asss1s ssss He Besea i .sh: 4 81: Il Il
THO aggregated Items presented ia Tho foregoing
sn e. ao atgs gsv f I sp as soon y
fs sGs' ;nosa scntasa % t hsye sasd the VARIOUS
s,i'na duo from them, md uleo upon tho dcpoators
Wlose accounts have been oycrdrawn to rnake good
bak could contod desed It to e s%a assreRae sD.R
amount Of s05o12 In tho Treasury Of The United
States, subject 70 Your ORDERS III trust for the cre-
me. resulting from re,rttanccs by o.hcr banks for
tleir indebtedness, from payment Of tonnb, and
s nn haSe aso ce U in o e sae s9 to
tho Treasury ef the United States for tho hcncat Of
tho banks crolitor. Tho mutatcd currency bc1on8-
warded to Tho Treasury This action as been delayed
by rcv'sion Of tho accounts relating to mutilatoa
uS pIfhGlltcu EQIHc OF EnG HAnKa
from which tho currency han bcon received for The re-
tnrn to them Of slio amount forwarded. This qucs.
ton will DO subject Of consultation With you, but
WEcthor tho amounts claimed shall bG returned, or
whether all the currency DO forwarded 10 the Treasury,
tho First National will In either event, bo entitled to
credit % M o!set to Its indebtedness. AZ reported
aoovc blank forms hayo hecn prepared for tho prcsc
tatlon OF clama against the bank.
Secretary RschaldBon says tho statement Of
pccted aud that adviceH received at tho Trcaa-
ury ahow decidedly improved condition Of nf-
fairs throughout the country.
y. WAsn1NaroS, sept. 27.-The Secretary Of tho
Treasury is no longer troubled with kilograms
OF inquiry from financial eourcea. No excite
ment whatever exists in TINT Department, aud
tho Executive Department Ia equally FREQ from
It, sinco tho official announcement that the
PRESIDENT and Secretary could do nothing moro
to relieve tho poeuniary embarrassment. No
suggestions havo been received from any quar-
ter. The Treasury fs diachargine Its business
with no interruption iu any branch, and all the
officials are aB calm as il there had been no
financial storm,
An arrangement has been mnde by which the
London house Of Jay Cooke, htcCulloch Il Co.
will honor nil the Government drafts on the
London houho Of Claws, Hnbioht Il Co. Beyond
this thcre has boon no change in tho agency.
WAsH1NaToN, Sept. 27.-A meeting Of tho
Bank Presidents was hold tonight ii the Ma
tional Metropolitan Bank to take action ro1ativo
to the financial panic, md to adopt measures
looking to tho aid Of each other, aud II possible
prevent tho enormous dran Of currency from
the city to New York, rhiladelphia, and Balti-
moro. Every bank in tho District was roprcsent-
cd, except Riggs j. Co.. aud tho loading NOM
ber Of that firm WAS prevented from attending
by a previous engagement, but will be governed
by my arrangement the others may
make. Tho meeting lasted about
three hours, and, without resulting
In anything definite, was adjourned until to-
morrow afternoon. 1t seems to be the impress
sion that tho bankers tomorrow will adopt tho
course taken already by other citios.
Measures will also be taken to estab-
lish controlling committee. It WAS
stated that, unles some measures 10
adopted to prevent drain OF currency from
Washington. the,e will be no money here for
ordinary business in loHB than week. In one
day this week over 5000, 600 were drawn out Of
tho banks here by Baltimore alone, and the
amount for other cities has been very large.
TREASURY PROGRAMME.
Tho Secretary Of tho Treasury will not for tho
aud purchase OF bonds next month.