The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1873-10-04
From Our Washington Correspondent.
WASHINGTON, Sept. 30th, 1878.
TIE FINANCIAL PANIC.

WASHINGTON, Sept. 30th, 1878.
TIE FINANCIAL PANIC.
The panic among the banks continues to
be the all-absorbing topic here. Two more
banks suspended" (?) on Friday-the
Washington City Saving Bank and Faut,
Washington & Co.,-making intense ex-
element on Saturday. Only about three
more banks in the city are yet solvent.
All the managers of these institutions arc
said to be honest men. Perhaps they are.
But has it not been conclusively shown
that many Of these money princes all over
the country, who went finely arrayed and
kept fine establishments, were only hang
ing on the very brink of ruin, without any
solid means?
The Freedmen's Saving Bank is still all
right, although they have had a heavy run.
There were some droll scenes at their coun-
ter on Saturday last. The assembly was a
mixed one, the colored race of course pre-
dominating, and many questions were
asked which provoked laughter. One old
colored man with black hat well crowded
down over his eyes, looking very much as
if hen Matched in it, and having in his
hand two umbrellas and fish pole, and a
blanket wrapped around his tattered coat,
shouted at the top of his voice upon recog-
nizing female acquaintance, "Fore God,
Susan, dis chile has walked all de way
from Pohick to git dat seventy-five cents;
amt gwine to lose anything, shuah, honey.
How dye ?'' Another as black as Erebus
rolled in with cheap travelling trunk.
His appearance was the signal for general
laughter, for his physiogomy would have
provoked it, aside from the trunk which
he carried. A husky voice cried out
What am you gwine to do with dat
trunk"' go, you go way chile; I amt
got no pockets, deys done gone and Use
got free hundred dollars; has. You poor
trash can laff all you WANT He fell in at
the rear end of the line, and dragging his
trunk, awaited until it's "lengthened sweet
ness long drawn out" should place him
at the portal where the money-teller would
hand him his cash on demand.
An old colored man, whose locks were
frosted to whiteness, which betokened
four score years and ten, having whip
slung over his shoulder shuffled in with his
number twenty boots, and walked in tip
toe, fearing, perhaps, he might soil the
tresselated floor. Espying the Hon. Peter
Campbell, he exclaimed:
"Praise de Lord, honey, rs done glad
you'se heah; Use left cart wild load of
coal up heah on de corn, to see about the
ole woman's money-she's done got de
bank book-in de name of God, what must
l do"
Mr.. Campbell assured the old man that
he had money with the bank, and proposed
to leave it, inasmuch as he considered that
they could weather any storm; the bank
was organized by the friends of the col
ored men, and they need not be afraid of
any trouble or loss to them.
Upon receiving this intelligence, the old
man threw up his hat and cried: "Fore
God Somebody pat juba; I wants to
dance Fore God, boss, Use leave my ole
woman's money here, sink or swim ~
And casting contemptuous look on those
in line, he said: "You'se all Thomases
Oh, We of little faith! Look at the po'
trash trying to 'barrass dere friends-1'se
gwine to my cart, am !" In the line was
old Fred, who is known to all printers as
the "hash man." The old apple woman
of Celtic origin had her "chick p" book,
and was anxious that the "domned mayer
clarks" should hurry up, as she wanted
her two dollars and half before the s'dir-
ty black bank bust up"
THE GREAT IMPROVEMENTS.
The appropriations made by the last
Congress for public improvements in this
city now begin to show their effects in the
large and small public parks which are
scattered throughout the city, most of
which, had until lately, been mere COM
mons or dusty Crossroads. OF course
much remains yet to be done, but there is
no part of the city which does not show
grand Improvements and give promise of
future beauty. One large reservation, at
the junction of four avenues and six streets,
has been converted into handsome park,
1t is situated half mile directly east of
the Capitol. A person who visited Wash
ington in 1870 and would return in 1878
would not know it. Such magnificent
inn rnyameptS bava baap mazda tbat &c
now said to be the best paved city in the
world. The Capital of 1870 has been
changed from a barren waste to a grand
city, the effect of which has been that the
idence here during the sessions Of Con-
gress. What Washington now needs most
is grand opera house and theatre. She
has her art gallery. her fine churches, and
magnificent drives. Each year she must
grow in greatness, and her grand improve
ments must grow in proportion to her
power. Certainly Washington is now
eminently fit to be the Capital of this great
nation OF of the world.
Although the building .furore does not
rage SO strongly as in the spring, yet the
city is surely and steadily expanding. 1t
is noticeable that the buildings now being
erected are mostly small two story houses,
indicating that the lab oring classes are
investing their savings in homes for their
families instead of dwindling them away
in paying rent, which is healthy sign for
the future of the city. Senator Stuart, of
Nevada, is erecting one of the finest houses
in this country, at cost of 100000.
Postmaster General Creswell is having
his already handsome residence, which is
beautifully located at the corner of Nine
teenth and l streets, a lovely part of the
city, remodeled and generally repaired.
1t is a large and commodious house, and
when completed will be among the finest
residences in the city of Washington.
THE NEW GOVERNOR.
And now LOT word II, rapord 70