Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-24
The DefauIter Carlton Turns Up.
His DefalcatiOn Not so Bad as Feared.

CARLTON, THE DEFAULTER, sURRENDERs.
NEW YORK, Sept. 2i.-Carlton is in consults-
ton with his friends, and making arrangement,
to turn over to the Union Trust company all h
has. He is in a friends house i'm New jersey.
and could be arrested at any time. A large
trunk belonging to him has been discovered In
the vault of the Union Trust company building
containing considerable amount OF securities
on which he has loaned funds or the company.
CLEWES AND co. SAY
that their securities would be far more than
ample to set them right in ordinary times
When the money market improves they may
resume. published list OF their correspond
ents embraces "a national and state banks, and
l5S private bankers. The firm consisted of Henry
Clews and L. $. Fowler
A DENIAL.
The president of the Canada Southern rail-
way company denies the rumor that they have
been obliged to cancel all contracts for the pre-
sent, owing to the financial crisis. He saws the
road was entirely finished, and it could not,
therefore, be true.
CARLToN's DEFALcATIoN NOT so BAD As sup
POSED.
1t is asserted on the authority of one Of the
examining committee of the Union Trust com
pany that Cartons defalcation will be much
iess than az nrst isupposed, " TO noon yester-
$4,000 Many of the securities on which he
loaned the funds of the company are believed
to be OF better character than at first sup
posed.
NO MONEY TO PAY FOR GRAIN.
1t is said a number of New York dealers have
telegraphed western shippers to stop sending
money with which TO meet sight drafts.
THE STOCK EXCHANGE
will remain closed until further orders. Gold
opened at 1928.
Renewed Excitement.
NEW YORK, Sept p, 1880 a. m.-No bonds
were offered at the sub-treasury this morning
The feeling on the street is rather nervous.
Brokers are congregated in front of the stock
exchange, but are doing little or no business.
The following are the
OPENING STREET QUOTATIONS.:
Central, 81 offered; Rock Island, SO offered; Cen
trail Pacific, 81 bid; Western Union, o. bid, 81
offered; Pacific Mail, 81 bid, 50 offered; Lake
Shore, 50 bid.
MEETING OF THE BANK PRESIDENTS
is now in session, to take action IN regard to
proper measures in the present emergency.
HENRY CLRws & co.
say they will remain closed until the tightness
in the money market gives way, and affairs be-
come more settled.
Important Suspension.
NEW YORK, Sept. p, 10:40 a. m.-HOwes &
Macy have just suspended. Wall and Broad
streets already present an unusual lively aspect,
for, IN addition to the presence of regular deal
ers, hundreds of the general public have been
drawn there by curiosity.
WHY THEY FAILED.
Mr.. Macy, of Howes 81 Macy, in reply to a
request for a statement of the affairs of the
firm, said the only explanation of their suspen-
sion was that which applied under the existing
circumstances TO all firms having a large num-
Der of depostors. Such houses must suspend.
His FL m had yielded to the inevitable result OF
when the crisis should be over.
BUYING B0NDs.-
NEW YORK, Sept. "a, 1850 a. m.-The sub
treasurer up to this hour has bought half mil
lion Of bonds.
Action Of the Bank Presidents
TEN MILLIONS OF CLEARING HOUSE czRTIPI-
GATES TO BE ISSUED.
NEW YORK, Sept. "a, 1l:l0 a. NAT the meet
ing of bank presidents another issue OF ten mil
lions in clearing house certificates was author
lied.
PROGRESS OF THE BOND PURCHASES.
The sub-treasury have purchased 100000 in
bonds up to this hour. Gold, IL xai1k.
PRECAUTIONARY.
NEW YORK, Sept. "a, 11:45 a. m:-The clear
ing house banks, at q meeting to-day, resolved
not to pay out any more currency, but certfy
all checks payable at the clearing house only:
This is intended TO prevent any lock up OF
Rreenbacks. 1t Is understood, however, that
small checks will be paid as usual, the rule TO
apply only to checks for large amounts.
TyrKCre OF THE PANIC ON BRKADsTUFPs.
NYW YORK, Sept. 2i.-The money panic has
comnletely blocked business in breadstuffs.
There Is nothing doing, and consequently no
prices have been established.
THE SAVINGS BANKS.
There is nothing new In relation to the run
ON the savings banks this morning. The larger
ones are paying out small sums as on Yesterday,
and will continue to do % until indications Of q
run presents itself, when they have resolved 70
insist on notice from depositors.