The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-22
saturday Erealas,. Report.

A9sAAAg W u1eONCG
saturday Ereaiag's Report.
I'M VIENNA PlAz-lsuE OV mociArEl
cK1TIYIcGTRA
NEw YoRK, Sept. 20.-shortly beior
noon, 10 the midst Of the panic, the gov,
Gllpg eommittee Of Stock Exchange de-
iermined 10 close the Exchange. Imms
diGiely Afterwards the committee Of III
associated banks met at the New YOTl
Clearing House, and Il was voted BY Il
The associated banks that they would is'
zoe certificates pledging the association n
ID Rhole. These certificates 10 b Issaet
BY The manAgtFs Of the Clearing HoulI
tx any associated bank, agSInst the do
lpoSit q bank 9cenritiez ar assets
TmE 70 CONVENT asskts =
The effect Of this action d TO enable Gll
solvent eoncefns In the financial commit
nifty, to convert their asses into money
Temporarily and without any sacrifice TO
themselves The Stock Exchange or.
dlnArily Is simply a medium tor
converting securities into cash, In the
prevailing panic the scarcity Of money
prevented this from being accomplished,
securities being offered for sale al con.
StSnuy decreasing prices without fading
buyers, unless 10 the enormous loss Of the
sellers. BY the Issue oi the bank certltlI
Gates any bank can realize money upon
It's sSsets, and will DO thus able to extend
To is customers all the accommodation
for which they can fiud security, without
compelling the sale or sacrifice Of the as
sets The whole machinery, therefore, oil
conversion Is once more set in operation,
and s likely to run smoothly, and oil con-
Germs which have assets will lind no dill.
Guilty in converting them into money.
Ia PREIHO oE coNRmENdE RRSToRkD.
This action Of the banks at the clearing
house meeting gave rise 70 . feeling OF
confidence on the street that no addition.
al failures will DO likely to occur, and the
impression obtained that the panic was
over. ''a
FoRRIuN EXCHANGE PIRNfs SOUND.
Tho leading loreign exchange firms
such as Brown Bros, August Belmont,
Henry Clews & Co. and Drexel, Morgan
& Co, do not give any sign of feeling the
pressure Of the past three days crash.
HOW Tug AsST TRRASR MteRT HAVE
Il 'sAyRD THE uEIoa TRUST 90.
Toa TOO close adhercnce 10 the strict
i.,,.. ~ the Iav hv Ansistant rrsasrrrr
I'M nm -, - F5,,..tI,. s,..co.,,No
!,uus', uV sS., si,ss It,,ss -. TSs,t",
e carry saspens.on " ~ s -. a ., ttSo' ~
TO- ~ y unaetslooa tiiAs ~, sle lust "
tmAde last oiler 70 tne Depeflment o.
one million OF $50 bonds, desiring there
for 81 100000 greenbAclis, 10 meet the
fierce drain upon their deposits. The
comnanv assured ihe Denartment that a,
~ aalci.I hnh, noon IIss ,b.oa.r;nsjo II
~ s'-'..I. ~. -. y, ~ :. =.
npnnsi tpst NJ ss'eliu ps elsEsa ~
sueh hgufes y "onla ii.a ll'suse Nv aeeepe-
| BY the Treasury. THIS private otter was
not accepted, and The doors ot the Trust
Go. were closed. Other disasters quickly
followed.
AFFAIRS OF THAT CO. WORSE THAN SUP
POSED.
The affairs NJ tho Trust Company are
worSe tbAn most peonle will be prepared
/ q hear. The amount OF CarletonIs do.
ialrAtion IA Iareer Than al fIrst supposed,
i II "a aid n viii exceed $500 006. The
directnrS ,hIs aiteTnoon Considered INC
SnsS,;on oI annoin,;nS a receiver GarIaS
wv ssIu ~ ~ W S ,pocaS e too q, thres All,
to.oa. ~ IN be,SJ. n ,owr orS avon ~ IerSev
Si,a St' ,tora n vSsnce ~ S" Se &c ,ooE he tain Z,
thS Nav Jersey Central Railroad lasl
evening Tbe directors have made no ei
sorts 10 secure him. The efforts made 70
trace his whereabouts have been made
by private individuals. A Amember Of the
Governing Committee OF the Stock Ex-
change gave Il As his opinion when ques-
Itioned that public confidence was return
ing this morning, and the excitement
il would have died away without furthei
serious disaster, but Tor the snspenaion o.
, the Union Trust Company.
i RUN on THE 1sT NATIONAL OF HoRoERN
j By the time that the doors OF the FIrs,
J, National Bank of Hobokan bad onened
this morning about fifty depositors hst
assembled TO demand their money. Tht
tellers went To work and closed the &C
counts as rapidly as possible. The crowt
meanwhile increased In size until not les'
/, than one hundred And fity deposition
were awaiting their turn. The depostori
are making arrangement 70 hold . meet
: Ing early In the week. Il is said that o
S207, 900 which the bank has on deposit
Ia New York . large share was 10 The
hands oi the Bank ol Commonwealth
, coNFEREscR BETwREN TUE PRRApEHl
AND aEGY or THE TREASURY.
WAsHHGroa, Sept. 20-It d under.
stood that the President and Secretary oI
he Treasury will hold conference II
New York tomorrow.