New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-27

| biC ufuhb nave suspended In this
! city: Union National Bank, Cooke County
National Bank, Second National Bank,
Manufacturer.' National Bank and Ma.
tiona! Bank OF Commerce.
Vicksburg.
EIcKs8URc, September 26.-The follow.
ing circular has just been issued:
| Owing to the deranged condition OF mon.
etary affairs throu ghout the country, aud
the action of banking institutions in other
cities. we have deemed It prudent and in
the interest ot our depositOrs that we should
similarly suspend payment for thirty DAYS.
| There can be no loss to onr depOsitors.
! JOHN A. KLEIN.
! President Mississippi Valley Bank,
B. r. THOMAS.
| President Nicksburg Bank.
BENJAMIN A. LEE,
| Cashier Freedmens Bank.
London.
LONDON September 36 ?. N-American
securities excited. Large business and
wide fluctuations. There is much uneasi.
ness.
Loier.-Ame-ican securities flat: declined
heavily.
Philadelphia.
PHILADELPHIA. September ?5-A state.
ment Is made of the assets and liabilities of
Jay Cooke Il Co.. OF Philadelphia. New
lor'. and Washington. placing their liabli.
ties at slightly over s. 800 .Do': their assets,
including bills receivable. bank stock,
bonds. real estate and loans 20 the Northern
Pacific Railroad Company. show balance
os nearly $4,000, 600. hal. of which appears
to be Northern Pacific railroad stock.
indianapolis.
lSo.AEtroLls. September .t.-The panic
OF vesterda" has entirely disappeared. At
the Openil. today there was light run on
kitzlncecs Il Sharp's and F.etcLer's banks
by small Gel,osi.ors. but al. demands were
promptly met. without resort to the rule
adopted by the Clearing House LAST night.
Near,c ali TIE banks report that their de.
posts today have exceeded the amounts
Withdrawn.
The savings banks have net all demands
promptly. and. like the other banks. claim
tina. their deposits have exceeded the
amour: called fo-.
The general impression prevails thas
Woollen. Webb * Co. VIII resume in i few
days.
Cincinnati.
CINClSS.I:. September 2I.-The second
day under the new bank arrangement has
passed satisfactorily. At "a meeting of the
Clearing House Association this afternoon
after bank hours. the genera! opinion ap-
neared to De that matter. were working
:avocabl.r. The BANKS aad bankers all
seemed thoroughly IN sympathy with the
I4dA auutJlft. s.t'. there Is manifest "a
cheer:u! ac.u.e:ceuce in tae EXPRESSED wish
OF The majority in relation 70 al. details of
the movement.
The - -'ociat:0n a: t,,:s meetin. adopted
resolution. the nature o: which was fore
shadoTei il las: nights dispatches This
provide. tla: all currency deposited here
after may be drawn u,,on az .ae vii! of the
Gepos:tor. Tn!. makes for future deposits
a Few rule from that applying to old ones,
p-),..
tera where !. !. now lying unused. Al! the
securities demanded br the committee in
charge Of the matter have been forth.
coming. The general .ee.in: here to-day -
one o! satisfaction III relation TO the action
OF the banks. The news from Chicago had
depressing effect on Change. bat did no. |
pToducea q panicHy feeling. There has beer:
au: ...tle doing in general markets. Thing |
are nearly a. "a stand still. It is almost in. |
possible 20 negotiate draft, a. present, and |
"a q c.nse. ueEce the movement Of the ho. |
product !. almost suspended! Buyers are |
indiso0>e,. - make purchases. ard holders |
have TO inclination - throw stocks on Il |
market which i. unpveoareI to receive |
them. Ed-ines- men are as rapidly as pos.
s!D!e adapting theu-elve, 20 the chan yei
circumstances, ard tn: whole temper Of the |
people is - gsi.. an: bear tn. :,nci. till con.
htienc: shall De !es:o:es. and TIE blockade |
CT ..!!s.e:c. 1e..eve...
Si. Louis. |
s.. I":Is, September ;:.-Th. action OF !
the bank. n thi. city las. nigh. seems to be |
generally Approved av the mercantile com. |
munlty. and AZ improved and ceinDara-
lively nuovant feeling wa. manifested this |
morning, bu. wien she new. came that |
se.eta. Chicago bank. had closed their
doors deep anxiety and apprehension i'm.
sprung up. and business on
I. . ont yai -.,s,
ie.Uia: Hanl.: have 80 Ear done their usual
business. lavsn: all checks presented. while
others have contormeG 70 :h. rule adopted
la. hight. and paid only small amounts.
Today ma. passed with no excitement,
out there IL deel. anxiety a. 70 the result Of
tIe present disturbed condition ot affairs.
Men o: al! classes are flied with apprehen-
banks. The nOnpayment OF currency plan
adopted last niglt has worked well. and
has net with general approval.
There have been no runs worthy of men. !
tlon. Most o: the savings banks have
me: all demands and their de.
posits have exceeded the amount paid out.
Many depositors who withdrew their &C.
counts deposited again during the day, and
confidence was largely restored.
The volume OF business at the regular
banks decreased somewhat but no one has
suffered for want Of money. The deposits
Il these banks have also been in excess of
he amount paid out, although the day
loses with an improved feeling and a
brighter hope for the future.
Augusta.
AUGUSTA, Ga, September 26--There is a
,etter feeling. but the stringency continues
Nothing doing in the cotton market. The
.irst National Bank will not suspend. The
deposits to-day were nearly eaual to the
mount checked out No commercial paper
discounted. The suspended banks are per