The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-20
MEETING OF BANK PRESIDENTS.

About noon the excitement which prevailed on
the street after the announcement OF the failure
OF Fisk Hatch, was intensified by q report that
formal notice mad been sent out to all the bank
presidents IN the city to attend meeting at the
Clearing House, when the panic would be dis
cussed and measures taken to prevent 1t from be-
coming more general. A notice OF this kind was
quite naturally enough taken a. evidence by nine
people out OF ten that the crisis had, indeed,
reached point that was truly alarming, and for
short time there was not banker In the street
who did not show an4 goa
SYMPTOMS OF FRIGHT.
1t was finally ascertaned. however, that no formal
call had been issued BY the Clearing House for
meeting of the bank ofioers; but that, at the sug-
gestion Of two or three ofthe most prominent bank
presidents In the city, an invitation had been sent
out to others to meet them at the Clearing House.
in order, In an informal way. to discuss the stua-
tion and compare views This absence OF all for
maity in the matter went great way towara
aaying the apprehension which the nrst rune
as to the origin OF the meeting had created, an
everybody consequently breathed more freely.
THE MEETING
was held about one O'Clock, In the rooms Of the
Clearing House, over the Bank Of New York. There
were twelve bank officers present, every bank
which has Intimate dealings with Wall street being
represented either by It's President or Cashier The
situation was fully discussed. and before the meet.
that there ~ NO
unanimity OF feeling as to the panic among the
officials Several Of the gentlemen declared It az
storm, and that by tomorrow at noon there would
be clear sky and fair weather In financial circles.
% THE BANKS NOT SCARED.
banks were, one and ali, confident, and that, de-
them to lay the excited state Of public feeling not
one OF them had given the faintest sign OF weak
ness. Among those present was one OF the 0ihcers
doors all day he said that the bank was all
had called at the institution had called to get
checks certified. Other parties had become ex-
cited By Idle that being made on
gathered in It's immediate neighborhOod.
The question as to the probability Of the savings
touched upon incidentally after the meeting by
few OF the ofricers who had taken part IN 1t, and
Temorsed, cannot see why they should become
IN any way involved: The panic has been brought
about by matters with which
have had no hand whatever, and there ought to be
no apprehension as to them at all. 1t would be
cruel on anybody's part to start even q rumor as
to the possibility of their getting in any way
mixed up In the present troubles"
The meeting Of the bank Officers finally closed
after definite action had been taken, the full pOr
tent Of which can be CLEANED from the following
resolution, which passed unanimously
seat Ts be
to be held to 10th inst, at the Merchants Ma
tiOnal Bank, plan for measures OF Ieiet from tho
present strinyency. aiia
PLAN OF FINANCIAL RELIEF.
The manager OF the Clearing House stated that
he was not at liberty to give the names Of the
committee, In view OF the fact that the meeting
not o formal one. He added that, owing to the
diversity OF opinion as to the panic being
only fOrerunner OF greater danger yet
to come, which had cropped out during the meet
ing, 1t was by no means certain that the commit
whatever. However. If
they did adopt one, the Clearing House Association
will have the last word to say IN the matter to-
morrow SO nothing Official can be relied upon as
to the future action OF the banks until tue decision
OF the Association is made. ..