, 1873-10-02
C0NvAlESCENT.
The Chicago Patient Re-
covering Rapidly.
Another Currency lnstallment Of
100000 Reaches Tho City.
Considerable Deposits Receired at
the Banks Yesterday.
How the Transportation Conn.,
panies Are Faring.
Resumption Of Freight and
Stock Business by the
Railroads.
Greater Activity In tho Movement Of
Grain and Cotton.
A General Tone Of Improvement Noticed
at the East.
Secretary Richardson's Views on the
Financial Situation.
CHICAGO.
Greater Activity In tho Movement Of
Grain and Cotton.
A General Tone Of Improvement Noticed
at the East.
Secretary Richardson's Views on the
Financial Situation.


CHICAGO.
THE BANKS.
m BANKING CIRCLES YEsTEroAY
tho most noticeable featuro WAS tho gradual ro-
sumption of business by several Of tho banks.
OF COURSE in no bank was tAero visible my
thing like tho steady business which was boing
carried Oh 4 fortnight ago. but still tho short in
torviows between customer aud President or
Cashier, generally ending in the negotiation Of
commercial paper, arc approciably Of much
moro frequent occurrence. The reporter, in oil
the banks that ho visited, found II harder work
to get an interviow with tho heads; but, whom
their attention was secured, they expressod
themselves aB vol satisfied with the
state of atrairs. What they universally
pray for Is time to allow things to
blow over and sostlo down into tho shape thoy
woro in before tho trouble commenced. Tho
leading feature observed by bankers i'll the days
business wab tho general tendency to sell Now
York exchange on tho part OF customers, n cor
respondingly gonoral tendency to buy not being
oyinced by Tie bankers. In utmost oil tho rt1u-
ming ballllu Tho head officers nbe to report
larSer amount OF deposits thnn cheques, aud
much q1iotcr feeling among customers, who aro
mitch grailtc Mt finding tho bankers ready and
willing to accommodate them aB fur Us IN safoly
convenient. In lilo opinion Of eoveral Of tho
leading bankers tho panic, oyeu though it hna
nlready done 80 much harm to tho country, will
not III utter tinlos DO looked upon aa m ulmixcd
evil. From ita lard lesson will bo gathered
experiences which will guide the future opcya-
.ions Of bankers Of the fraternity in whose midst
tho panic lad its BIRTH, whi1o 1t will become
the duty Of Chicago bankers to cndoavor still
more to strengthen their respective positions,
and obtain ali individuality which no outside
ator1n Gun affect.
IN THE SUSPENDED DASKg
the stale OF afrairs remain unchanged. At tho
Manufacturers Bank, tho winding up Of tho in-
atitution's afrairs Is progressing as rapidly as
could bo expected. At tho Union National DanK
| everything locked quiet. md tho head officers
wore still onn0dont in their opinion tint the
atato OF affairs in general romain auch tlat
their final action will in future timo bo aoltnowl-
edged to llavo boon tho correct ono. Taken as
| whole, tho appearance Of the financial world
Of Chicago yesterday was rs serono and
cheerful ns could DO wished for b. tho
| most ardent Tho resumption Of bnsinoss
| was commenced, in q groatly modified
| form, or course. but yot it was conmeuced,-a
| gate incoming Of cash into bank vaults exceeded
| considerably tho outgoing Of that commodity,
tho army OF savings bunk dopoatora showed
groat lin,inishment, tho feeling among bnHincsaa
| Improvement WAS oyilont. With tho prevalence
| for week lo3gor Of this Rtato Of alfairR. tho
panic may safely bo looked upon as thing,of tho
past. Tho umount Of currency arriving daily ia
s3,000, ZOO. 1t is easy to see TINT this supply
OF currency will have porccptible inAuonco on
the money market, especially rs tho amount is
likely to DO moro and moro "very day'
| No NEwB ia GOOD NEW9'
Ia sayinr true Of the financial situation rs vol
as Of other matters, and tho dearth Of nows yes
torday around town IL ONO Of tho hopeful s'gns
tint We arc happy to chronicle. Our reporters
tllo result Of thoir Investigations is appended.
While tloro occurred no event to create my OK
cito,uont, it will bo noon TINT bottor md frmor
tone prevails, and tlIat bankors regard the stua-
ton ia fall Of cheer and comfort. o., ,,rn,oa
| front. Mr.. Younger. tle courteous Cash1ef. ~ae
! absent, but ono OF hs suDordnnteB announced
tllat their dopoHitorB were bringing in money,
and several now.accoontB had boen oponod'
The n1inoic National was going ahead na 1t
bas always done, and as It proposes to continue
Jninm. Everything waa all right and business
was improving. Confidence prevailed around
Ito promisos. ,
was nothing DOING No aefnlte timo las beou
fixed for resumption OF business, but 1t is prom
Tho Cook County National has beon transact.
! ing q nico huanesH snco 1t reopenod, and hr.
Allen, tho President, was In i}ne spirits. Things
looked to him much botter. Thoy had new do.
positors, and ...-.....-.-
EVERYBODY FELT ENCOURAGED,
The suspension Of tho Union National Was folt
TueAlay morning, but tho olrooE gradually wore
away, until it was hardly apparent yesterday:,,
Mr.. ]. NJ. Ats!t was IN excellent Aulnor Tho
prospect was brighter than over. Tho worsl
thing ho snw in tho future wore those Clearing.
House cortiflcatos in New York. Ho did not
| like them ut oil.
At tho Chicago Bank tho deposits woro more
thnn the checks. 'l'hoy llal received oiroula1
from tho First Natioual III New York, which read
aH follows:
New yonx, Sept. 20, la7a-plcaso ,ua'o your clenkf
conformity with tho egaslona Of the pusnstsd bank,
Of Ibis city. GnonoE l.. HAxEs, Cashipr.
Tho Hide md Leather l}unl pursuos tho over
teuor Of lta way. Mr.. QroY, tile CaA,lor, said
thut III tho East tlloy we're doing husinBsB OIL thu
Clearing ilo.sso basis, wllilo tho West was dolut
business Oh IL currency basis, which Vas
| anon THING ron THE wEar,
at tho sonudor o'lrfoncy would a,at!trliy gravl
tatr in this tlirootion. nlnrtu ol! Btslon wert
drawn at d uor cont discount. Donton cnnuo
furnish nuY currency. A[orcllauts hhip hides ant
leather, mud clearinghouse ccrtiacatcs ,ar'
PLACED TO tltoir credit ii Boston, bnt tloy got llt
currency. Milwaukee. Bt. Louis, and Dosr0it
wore dealing IN New ior'l exehnngc. Tho ben
1ncanB to bring currency to Chicago was to htlcl
to tho ourroucy atunaard. 1tis lAuh mover Aa.
80 n,any noWsacconntg. ,.....
Preston, Koau d Co. had much moro mono.
coming IN thnn going out. DopoAtn woro ln
| t,5sr.- rtnft $.r ttnt, nd Tn