Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-20

benefit from operations which might other
wi-e be riskcd, know n g that the powerful s-m
of the government will be put forth -
strengthen tue legitimate channels and avenue
of trade.
THE SYNDICATE ALL RIGHr.
All rumOrs circulated with reference t. losses
by TIE syndicate, through the suspersiors will
be set at rest by the following cipher dispatch
received this morning at the Treasury depart
ment:
LONDON, Sept. 10, 1873, Evening
Hen. W. 4. Richardson, Secretary Of Treasury.
The syndicate accounts are ali in perfect or
der. There is a universal feeling of symp ithy
towards Jay Cooke, McCulloch Il Co.'s house
here, which continues trars5 citing business as
usual. A. G.. CATTELL.
THE FRIEDMEN's BANK.
The run on the bank was continued this
morning, but in comparison witf yesterdays
rush it was qrite ';ght. Much time is neces-
sarily expended on each depositor, as nine out
of ten are unable 10 wIite, and the checks are
prepared by the paying teller, who witncs eS
the mark mP lie by sch. 1t is expected that by
the time of ing the bank this afternoon that
all making demands will have been satisfied.
The usual dron scenes were to be wit
messed to-day. The check-books are some
times wrapped in bandanas, towels, brown
paper, &c. The hat seems to be favorite
receptacle with many; the older danes
carry ''dat book" in their bosoms; but one old
"Aunt Dinah," when her turn arrived to re-
ceive her cash, grinned all over with evident
satisfaction, and produced the evidence of the
stocking, which encased leg of attenuated di-
mansions. Upon receiving the ''cash money!
II was substituted in the place vacated by the
check book, and she skipped out, as light
hearted as a school-g girl at recess. Many who
fall in at the rear end of the line, drag slowly
about half way, take look ahead, and reason
perhaps that the bank is all right and drop out
and go their way. The officers of the bank are
in no wise nervous, and are emphatic in their
statement that they have abundant available
resources on hand to meet any contingency.
| At half-past II O'Clock to-day there had been
drawn out of the Freedman's Bank sxty-fiye
| thousand dollars since the run began. About
fifty persons were then in line awaiting pay
ment. The officers continue their emphatic
assurances that they are amply fortified for any
| emergency.
| ADDITIONAL PRECAUTIONS OF THE GOVERN
MENT.
A conference of Treasury officials was held
late last night, at which it was decided to ad
vertise for the purchase of ten million dollars of
bonds to-day, and that in the event of this &C
ton failing 20 allay the excitement, il was fur
| ther determined to draw on the forty-four mil
lion nerve to any extent necessary to restore
| confidence and stop the panic. a rumor is cur
rent at this writing C12 o'clock that the stock
exchange of New York has been closed, and
that it will only be re-Opened upon the order OF
It's president, and that all who deal in stocks AT
any other place, or on the street, will be prompt
ly expelled.
THE LEGAL TENDER RESERVES.
| In connection with TIE drawing on the legal
| tender reserves to help Wall street, it will be
remembered that Secretary Richardson has
always claimed the right to issue any pavt or all
| of this reserve fund, in which opinion he is su
| tanned by several decisions of the Supreme
| Court, delivered by the late Chief Justice
| Chase, who was Secretary of the Treasury al
| the time the law was passed which Secret3ry
| Richardson claims gives him the right to use
| the fund.
JAY COOKE & co.'s BANK.
About double the usual clerical force are
| engaged in the blnk letting accounts and
| preparing statement for the public. Assistan,
/ with Ex-Governor Cooke this morrinI. 1t sill
| seems 10 be the general imprc sion I'll e the
bank will resume Dusiue-s elrly next week.
TIE FIRST NATIONAL BANE.
E. L. ST. OF. design It d by Secretary Rich
| ardson as receiver OF -hs bark, took formal
| possession &c lay, and be. IN a. once an inves-
| CATION into its c"Ounts. Urder the law pro-
| ding for a receiver, he IS ens.t'cd TO '.rt G
| + 5 own assistants, but pc yeG he hos m lie no
| change in the clerical force of the bank, T
trir'ng them for the pr ent rs helomatea. The
| bark w"s v'>it~d dr,:ng the day by Controller
| Fox and Deputy Con. :o'ler Lins worthy.
| ANXIETY INCREASING.
Towfrds II IN, when 'he rews OF the suspen-
siors IN New York Gig and tie closing o the
New York stock exchange had become wei
ro'sed throughout the city, callers and loungers
| ground the bank increased in number anxious
L
| While the feeling among many was unsettled,
there seemed to be still evidences of confidence
| Dispatches were received every few minutes by
| both the First National and Jay Cooke & Coz
| banks, and those inclined to be of speculat We
| turn of mind imagined and circulated many
Il-founded rumors.
INTERVIEW WITH TREASURER SPINNER.
| A little before two O'Clock the reporter of THE
| STAR called on Gen. Spinner with reference to
subject which the following short onversation
Will explain:
| Reporter" General, the New York Tribune
of yesterday publishes statement to the effect
that two days before the First National Bank OF
| this city suspended. that Secretal Rich Irdson
l loaned that bank, without any collateral secu-
rity, one hundred thousand dollars, which is
/ a"
| General" Damned lie. The Tribune is get
| ting quite reckless lately. There IS not word
OF truth in the publication. Had such loan
been made, L certainly would have known 0f il
| blonde representative of that paper called
upon me, but i am sure gave him no informa-
| ton which would inspire on his part such a
| groundless dispatch"
HOW MANY BONDS WERE OFFERED.
In response to the call of the Treasury de-
| partment for the purchase of ten million OF
| bonds, only two million have been offered in
New York for sale. This is caused, it IS said, BY
two reasons: first, the closing of the Stock Elk
| change in New York, and second from the facl
| that all the available securities of this natrro
| were hypothecated in trust to weather yHSter
days storm. 1t seems now to be the general i'm
| preston that Secretary Richardson will draw
on the forty-four million bank reserves.
AN ASSISTANT RECEIVER.
1t is said that +. NJ. Nourse, of the firm OF
Nourse & Middleton, has been appointed BY
Mr.. Stanton assistant receiver OF the First Ma
tional Bank.
NEARLY SUBSIDIZED.
| AT bali-past two O'Clock there were not over
| thirty in line at the Freedman's Bank, and but
Few were coming in. 1t may be said that the
| lun on this institution is virtually over. Order
have been issued by the bank officers to pay
| every one Off and close the press of the de-
| positors by the time the bank closes, at p. m.
| Every clerk in the bank has been put at worl
| in the payment of depositors. There is no run
| anticipated on Monday.
THE WASHINGTON CITY SAVINGS BANK.
The Iun on the Washington City Saving
| bank has dwindled down to a mere nothing; thi,
| morning .ome dozen persons were at the door
| when the bank opened, and it was OBJ erved
4 that the anne famiiisr faces seen in the lin.
/ yesterday and who failed TO reach the counter
| in tc3; on, made up greater part of the crow
/ pre- ent to-day. A new line has been lormeJ
| to-day on the other side of the door, where thcS,
who desire TO make deposits are a1mitted, AM
the de- osits have been quite heavy to-day.