The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-09-29
TELEGRAPHTC NEWS.
THE FINANCIAL CRISIS.
NEW YORK.

that The Government Yesterday invested in
exchange on London Sl.500,000 for the
Navy aud 100000 for the State Department.
Private bankers have deposited security in
the Bank of England for exchange.
In answer to suggestions OF the Stock EN-
change Committee the Banking Committee
say the proposed modes Of relief seem to
look exclusively 10 the convenience and
safety of the Stock Exchange. without com.
pretending the dangers and Inconvenience
involved 10 the banks.
The president OF the Stock Exchange has
issued the followin" notice:
THE New York Stock Exchange will
open for business Tuesday next at the regll-
lar hour. Details OF business will be ar
ranged Monday morning AZ the meeting of
the governing committees"
The clearinghouse Committee, ats meet
ing to-day, resolved 10 issue loan certificates
to an unlimited amouDt. The committee
have decided hereafter not TO make public
the amount Of loan certificates issued.
The day closed with decided improved
feeling. The decision of the Governing
Committee to open the Stock Exchange OH
Tuesday started stocks on the street, which
advanced five to fifteen per cent. in less
than fifteen minutes. Western Union, 81
to 81.
WASHINGTON.
WASHINGTON, September 21.-Since the
positive policy Of the Government was
announced that nothing more could be done
for the relief of finances no one seems dis
posed TO pay fordi>patchcs OF advice TO the
Secretary of the Treasury.
\ competitive examination for receivers OF
!
are lucrative places.
Government drafts on ClewS, liabicht d
Co. will be honorcd by Jay Cooke, McCul.
made in the London Government agencies.
Many cmployG> interested in railroad ill.,
tcre,tS have been discharged. Others have
struck on account of wages and hours.
The Washington City Savings Bank
tRunn'>) is in the hands of receiver.
There are two thousand dcpoSitor>, ana the
deposits aggregate 100000.
Nearly all the northern and western cities
have adopted conservative banking mca'
Sllrc>.
Noluminou> dispatches have been received
here. The following; i, the most frank and
significant
"MLwAuKIE, WIS. September 2i.---IhC
rcport that til" banks here have suspended
payment OF sums larmcr than $500 Is mis-
take. No such action has been taken. The
banks are doing business II usual, cNccp'
that thcv nave stopped advances on produce
until the eastern banks are ready TO re-
Spond."
The Secretary Of the Treasury will not
for thn present issue the programme Tor Tue
sale Of gold and the purchase Of bonds.
The bank presidents had Il meeting to-
night, and resolved 10 adopt the New York
plan. George w. Rigs, banker, refused to
Join in the movement.
FREDERICKSBURG.
SUSPENSION OF A BANNING HOUSE.
Especial telegram 10 the DiSlG'ch'I
FREpEE!cKSErRG. Va. September 81 Con
way, Gordon 4 Garnet. bankers and brokers
suspended to-day.
AUGUSTA. GA.
Augusta. September 27.--Thcre is hcttcl
feeling today, but the situation continues
UNCHANGED There is nothing doing in cot
ton for the want OF currency. 1T Is believed
that the suspended bank, will be able TO re-
sumo currency Payments early next week.
MONTGOMERY. ALA.
MONTGOMERY. September 27.-No run or
the banks. They report that the deposits
exceed the drafts. The Frccdmens BANK
requires thirty days notice.
BALTIMORE.
BALTIMORE, September 27.-'rhe day
closed without additional excitement. The
banks paid small checks Literally.
CINCINNATI.
CIxclSSAr1. September PA full meeting
of the Chamber OF Commerce approves the
action of the banks and bankers in refusing
TO pay out large sums.
The financial situation appears to be i'm
proved. The adoption of the resolution by
the Chamber of Commerce commencing the
action o. the Cincinnati banks and express
ing confidence III them, appeared in Itself TO
prove the feeling Of the members voting
upon it.
There is no panic in prices, and nothing
is actually pressing on the markets. Inc
bank, ani bankers report having passed
through the dry III \ satisfactory manner,
Notwithstanding this WAS supposed Woll'C
be riic pressing day Of the week. The manu-
lictulcrS have generally been supplied viii
| funds 10 meet their Immediate wants.
PHILADELPHIA.
PHILADELPHIA. September 2i.-Thc bank:
| have paid out currency to-day necessary fol
wages, di>counling freely for this purpose.
BOSTON.
| BoSroS. September 21.-At Il meeting Of
the bank presidents the New York plan wa
adopted.
BRUNSWICK, y. J.
Brunswick. y. j., September Fifth,
State Bank has suspended indefinitely. The
| directors, upon examination, lind it impoSSi
bic to 90 on. The police are after the cash
icr ard book.keeper. y deialc;ttion of hal
Il million is reported.
LOUISVILLE.
LOUISVILLE, September 2i.-Conside1bl'
excitement prevailed here to-day, caused b!
the suspension at an early hour of the fol
| lowing banks: German Security, German
Commerce, Masonic Savings, Western Bank
Central Savings, German Bank, and Louis
| Vile Banking Company. Business is gene
rally quiet, with nominal prices Tor all lead
| in~ articles. There was no run ut the close
of banking hours upon any other banks.
KNOXVILLE.
| KNOXVILLE. September 2T.-The Exchange
Commercial, and Knoxville Banks have slls
pended.
THE LOUISVILLE SITUATION.
LOUISVILLE. September 26.-The corner
| .Jourua[ tomorrow will contain interviews
of its reporters with the leading tobacco
cotton, and flour operators.
The feeling is one Of security generally
| Among tobacco men European buyers here
| look for a diminution Of foreign orders owing