Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1873-10-03

suspension. I'm SaIt Lake,

failure of Eastern houses and the hlablllty 20
oBi;iin currency. Their liabilities are amply
covcred By good assets, and the deposlfors
need not ieel any uneasiness as 70 ultimate
loss. The assefs cover $3.50, 900; liabilities
$a77 900, exclusive Of the personal property
I'll arfes, Huasay, whs HOLDS himself re-
sponsible for Ill tls banks Indebtedness.
Tie bank was Government depository.
The Salt Lake National and the Dc;cret
National are open, and meeting all demands.
Walker & Bro. Wells, Fargo 8 Co., 4. r.
Tracy & Co., and White & Met 'ormlck, are
also prepared 10 meet all demands. A slight
run has commenced on the latter, but there
is no lear 8. its sUccumbing.
+ f,4iW e1sai5s Git1 1919 IL = . =
M, isssa ST.. Louis, September ~
n Quietness has reigned among the banks
this morning. All are paying in checks UNI
der the rule, and everybody seems to cheer
fully iacqucsce III the arrangement.
Il Iff ia. PHILADELPHIA, September n.
Samuel Joseph, applicant for proceedings
in the bankruptcy against Jay Cooke y Co..
statement n7ae 81 tie assats ala ttlae
Of the firm. The city. banks have generally
paid out currency when needed to pay wages.
and are disscunting freely. giving easier teel-
ing IN banking circles. ssta,s.a
,fi. 9Ifs III i WASHINGTON, September &C.
The Washington City Ealik was closed to-
day by order of Judge Humphrey, on petition
of G. G. Crandall, VIM. +. Mattingly was
appointed Receiver. There has been a run
on this bank for several days past.
ana alislei WASHINGTON, September %.
1 Iii the Washington Cir Savings Bank NC now
in the hands Of the Receiver, there ara about
two thousand depositors whose joint deposits
will reach upward of 100000 The assets
are supposed sufficient to cover the entire re-
sponsibility of the bank.
The Secretary of the Treasury is no longer
troubled with kilograms Of inquiry from
financial sources. No excitement whatever
exists in that department, and the Executive
department is equally flee from ID since the
official afitouncesent that the President and
Secrt tary could do nothing more to relieve
The pecun larry embarrassment. No sugges-
lions have been received from ai:y quarter.
The treasury is disposing of its business VITA
no Interruption in any branch. and all the
officials are as calrlas if there had been no
financial storm. a3s
An arrangement has been made by which
he banking houses OF Jay Cooke, McCul-
och C Go. will honor all the Government
traits on the London house of clews. Ha-
Dicbt & 60, Beyond this there h1s been no
change inthc agency.
The Receiver oil the First National Eank
If Washington reports its liabilities at 81
100000, and the assets at 100000. The
deficiency was IN loan to Jay Cooke u Co.
Secretary Richardson says the statement
If JAY Cooke & 10. is much better than was
expected. and that the at'yices received ut the
reasury show a decided improved condition
- I7osEf z55is - - . - -I 8 T
Letter From President Grant on the
M Financial Sitaution.
ige.os.s odd WASHINGTON. September %,
6 The following letter was written to-day:
lit Il EXECUTIVE MANSION. September %.
fessrs. H. B. Clafin and Caas. e. AatAony.
GESTLEMES:-In response to the views you
ave communlcated-to the using Of the pres
mt currency to restore confidence in legili-l
late trade and commerce. haYe the honor |
5 communicate the following: The govern
tent is deslrous Of doing all in its power to
alieve tile present unsettled condition OF t
usiness affairs, which is now holding back
ne immense resources of the country now
waiting transportation to the sea-hoard and
market. Confidence Oh the part OF the peo-
lie is the first thing needed to relieve this
onditfon and to avert the threatened de-
ruction of business with its accompanying
sasters to all classes Of people. TO re-cs-
blish this feeling the government is willing
, take all legal measures at its command
1t it is evident that no urgent efforts will
'ail without the active cooperation Of IL e
INKS and monicd corpor ations Of the coun-
Y. With the Sl4,0OO.0O0 already paid out
the purchase of the government indebted
,ss, and the withdrawal of their large de- .
,sits from the treasury, the banks are now
rong enough to adopt the liberal policy on
cir part, and a generous sympathysof dis
UNITS to sustain the business interests of
G country. Should such a course be pur-
ed, the S44.000.0o0 of reserve will be con-
Tered us money III the Treasury to meet the y
mands OF public necessities, as circum-
lnces OF the country may require. Close
ention will be given to the course pursued
those who have the means at their COM
Ind of rendering all the aid necessary to G
store trade to its proper channels ard con- Q
ion. With a view of strengthening the II
nds u those who carry ont the measures T
owe indicated. orders lave already been. q
ued for the prepayment OF interest accru- Il
, in November. u
lSigned) u. S. GRANT. u
Jay s;OuldInScryieweG.
New York, September 20. +
|ay Gould being asked for his views on the :
iest. fs<~.,1 f,,l3.