Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-10-01
HARRISBURG, PENN.

HARRISBURG, Septembes 30.-Manu-
facturers here have adopted resolutions
approving the action Of the banks in
preventing q drain Of the currency as
conducive to their best interests as well
as the interests Of the public at large.
PROVIDENCE, p. 1.
PROVIDENCE, September 30.-The sd-
iourned meeting OF the Providence
banks has adopted the report Of the
committee, recommending a liberal
policy on the part Of the banks toward
each other and their custOmers. That
each bank should request It's dspOsitOTs
TO draw checks payable through the
clearinghouse, and should certify checks
payable through the clearing house.
1 That deposits made IN banks in currency
be paid out to such deBositors In cur
rency, and that deposits made in eerti-
/ fed checks be paid In kind. The PrOvi-
/ denee banks are in q generally sound
and strong condition.
CINCINNATI, OHIO.
CINCINNATI, September SO.-There
has been no very particular change in
the situation of financial affairs here to-
day. The opening Of the New York
stock exchange was looked to with &
Z
the day has been received with much
favor. This, however, has been some
what counteracted by the unfsvorable
turn affairs took in Chicago. It's true
that not q few persons have feared the
result announced with reference to the
/ Union national, but the main body Of
I the business men were not prepared for
another change so soon. The conse-
| quenee was, that the news took out con-
/ siderable of the renewed spirit which
1 was manifested in the general markets
/ early in the day. More orders for pro-
/ visions were here to-day, probably,
/ tran for q number OF days, and more
/ has been done Ia q jobbing way, but
/ there is little disposition to do much un-
I til the Improvement generally shall
/ have become more clearly defined with
( the banks, and at the clearinghouse
matters have been proceeding about the
same as they did yesterday. Those in
terested, report everything in connection
with the clearinghouse ss working in
matter entirely satisfactory.
ST. LOUIS, MO.
ST. LOUIS, September 30.-The fnsn-
cisl situation here presents no new fea-
ture. All is apparently quiet with the
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marked out, and nothing has occurred
to produce q jar or discOrd. The an
nouneement that the Union national Of
Chicago had gone into liquidation pro-
duced profound sensation on change,
and depressed feeling followed, but no
excitement occurred. There Is, how
ever still much apprehension for the fu-
turs in commercial circle, but if things
work out well in Naw York Il Is the
general belief here that business will re-
vive and no more disasters occur.
CHICAGO, ILL
CHICAGO, September 30.-The an
nOuncement this morning that the
Union national bank was going into
/ liquidation, took everybody BY surprise
! except the bankers, who for some reason
or other appear to have anticipated the
event and took il very cody, none OF
l them expressing sny apprehension
that it would materially injure the
( financial situation, though it had the
effect temporarily to depress the prices
/ Of grain and caused quiet feeling on
/ change. There hSs been no further
/ trouble with any other banks, all going
| through the clearinghouse to-day with
/ out trouble.
COLUMBUS, OHIO.
/ COLUMBUS, September 30.-The fail
ure of the First national bank Of Mans
/ field, Ohio, is very unfortunate affair,
as the funds Of the Ohio State board Of
agriculture and the proceeds Of the re-
cent State fair were deposited with this
bank. At the close OF the fair some
/ thing near twenty-five thousand dollars
was deposited by the treasurer, but drafts
on the funds had reduced the deposit to
about fifteen thousand dollars st the
time the bank suspended. A meeting
of the State board has been called for
Thursday to consider their financial sit
uatiOn.