The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-09-23
LATEST FROM THE SEAT OF WAR.
RrN on BANKS.


/ opinion that there would be no run upon
them. They will stand by each other
whatever may happen.
stIoHr ErN.
There was slight run ON ti.c Fifth
/ Ward Savings Bank, .Icrsy city. to-day.
Az MrrovrD GENERAL FEELING.
/ The Evening Post says the day closed
with an established Improvement in the
/ general feeling. One day more with the
Stock Exchange closed will, il is thought
put everybody in such condition. 50 far as
the exercise Of reason is concerned, that il
will be prudent for the broken to again he
gin business. This afternoon money lent
on the street as high as 7 per cent. that
rate having been paid by distressed brokers'
President Vail Of the Bank of Commerce
said this afternoon that confidence had
been very greatly improved. He thought
the action OF the government in buying
iiyc-twcnlics had been highly beneficial in
loosning grccnhack,.
STATEMENTS or JAY COOKE \Nu 90.
Jay Cooke Co. notify the holder, all
drafts drawn against money deposited
since their suspension will be paid ON pre-.
,cntation of holders, and those drawn pre-
vio'ls to suspension alc referred rs follows;
OF ! c lathrop. Iroy. ~ y. to Bank
OF Commerce of NIL Canada banks en-
ccpl Nelson's bank of London and IT,
branches to Metropolitan bank Of Mol
sons bank, Of London, st. Thomas and
Owen Sound, Ontario to Park bank hol-
ders Drafts drawn by bankers in various
parts of the country and abroad are rcfcrr-
ed for payment to banks and banking firms
to whom accounts against which drafts are
made. has been transferred
ri'Ns SrR-lDiNG rs wA,nINGroS.
WA-uYGToS, Sept. -.
The run on the Frccdman's and Wash
ington city savings banks has nearly sub
sided, not more than u dozen persons he
ing at either place at any one Time during
the day
w y ~ NtN FttNtA ~ lN'-N HNNk.
TRENTON. " l.. sept. -.
There was run on the savings banks to-
day. The directors claimed two weeks
notice according to their charter. and
took the names of all who wanted their
money. The banks are amply able 10 pay
every dollar
The regular banks were also called upon
by few dcpu-iors. whose demands were
promptly paid. Each Of the three banks
in rrcntonhaVc II surplus of over 500. 900.
ANOTHER SUSPENSION.
l'i1rsBrEG. sept -.
James T. Brady ~ Co.. brokers of the
security Trust Company suspended to-day.
rrN oN ALBANY saving. BANKS.
ALBANY, Sept %
There was quite Il nun ON some of the
saving, banks here to-day. The Albany
/ Savings Bank paid ont $4,000; Home
/ Savings Bank. $4,000. and the National
/ $4,000. At B.? p. M, when the banks closed,
there was Il better feeling prevailing. and
IT is thought the run is now over
tlIr SEW YORK ClIY SAVINGS HANKS.
New York. Sept, -
The savings banks, heing run upon. do
not all enforce the thirty or sixty day
notice provision of the charter.
The Bowcry Savings Bank has such an
amount of cash ON hand that 1t will not re-
quirc such notice.
The Murray Hill Sank is also paving all
demands upon IT,
The Metropolitan savings Bank and
Third Avenue Saving, Bank both require
notice.
The savings hank IN I;lccckcy street are
paving a. USUAL and there have been no
more Withdrawals than in ordinary times.
Manhattan savings bank, corner of
Broadway and Blocker street have such
confidence in their stability tina, they are
paving without any notice being required.
The Citizen savings bank in the Bow
cry are PAYING all small sums hut require
thirty day, on all amounts above = 200.
Mechanics & Traders, East River New
Amsterdam are all paving ON demand aud
require No notice.
Payments are not beyond the Usual
amounts. In many OF the banks which are
paving on demand deposltors frequently
leave with ut withdrawing their money
when they find that the bank is ready TO
pay il. Some of the banks that have de-
cidcd to enforce the thirty day provision
are abiding so rigidly by the letter of .heil
charter that il is creating some discomfort.
The Security Bank corner of Thirty-fourtl
stree, and Third avenue will make no pay.
mcnts unless notice is given.
Many small depositors grumblcd at this
not because they wanted to Withdraw The
entire amount OF their deposits hut they
stood in need of ready money and wanted
TO draw II portion of their funds. Bank
officials, however, denied them, saying that
by paying them they would establish Il
precedent that might he followed by every
one OF their depositors ON the west side.
The savings bank depostors for the
time seemed TO be much alarmed and
gathered in groups around the institutions
that held their money, but consideration
convinced them of the absence of all dan
ger and they gave up the inclination tc
draw their money, even If they could
HEAVY RUN WELL MET.
There has been run on the Union Dim,
al 81.
the day, and at two o'clock there We're over
seven hundred people inside and arount
the bank. They required no notice ant
paid until seven o'clock this evening,
This bank has ninety thousand dcpo>i
tors, and had million and half of cash %,