New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-23

I
yielded to the clamor that beset him, ht
| would have made a grave mistake, and the
| panic would have been nationalized instead
| OF being concentrated within the narrow
limits"
! Bonds Bought.
The total amount of bonds bought at the
| sub-treasury Is 1888, ,333i3.
Evening Items.
The statement on Saturday that the
! checks OF the Continental Bank had been
| thrown ont at the Clearing House was in
error, ii having been confouRded with the
National Bank Of the Commonwealth. The
Continental Bank is and has been paying
as usual.
,P. M.--Three million dollars in bonds
bought by The sub Treasurer up to this
hour. and more coming in.
Judge Fancher to-day, at the suit of the
Grccers' National Bank, of this city, grant
Ell an attachment against the property OF
the Union National Bank, of Philadelphia,
IN this city for $4,000.
a. D. Williams Il Co. overCrew their ac-
coun: in the Bank of North America to the
amount of S450.000. To-day the firm de.
posted S.50,0U0, leaving $500, 600 still due.
The bank authorities are now engaged in
an endeaVor 30 compel the payment OF that
sum.
Bank Eniiures.u
The executive committee of the National
Trust Company concluded their investiga-
zion of the affairs OF the institution this af-
ternOon. and found the securities all cor
rect They .epor, the condition OF the
Company perfectly sound, and notify all
depositors that the funds left in their keep
ing Will be accounted for 70 the last dollar
The tcta' assets are S5,350,000.
Many bankers think loan certificates
should have been issued earlier, out all
agree that this, with the purchase of bonds
by the government, has aided greatly in re-
ground for apprehension Of further disas-
ter. New York Central stock sold this
afternoon, ex dividend, for 81.
The report of the instability of the Bank
of North America grew out of number of
the customers Of A. d. Williams & Co., on
Saturday evening, returning to that firm
their certified checks on the Bank of North
America. Williams & Co. became fright
ened and failed TO make their account good
by turning into the bank their securities.
This resulted, as has been stated, in the re-
ports OF heavy over-drafts upon that bank
ard their taking ous an attachment upon
Williams Il Co. 1t is stated this trouble
will be amicably arranged very soon.
What Jay Gould Thinks.
Jay Gould expressed his opinion tonight
that The only safety Tor the mer camille com.
munity and general public is in the general
suspension of the banks.
From Milwaukee.
dispatch from Milwaukee SAYS the
Chamber of Commerce adjourned until
Wednesday on account of the state of
affairs.
Action of the Government.
WAsHISGToS. September 22.-President
Gran: is at Wizards.
Jaw Cooke :easserts the security of the
l.cuLOil house.
Ia the course of the morning the Presi-
dent called at the Treasury Department
and had a conference with Secretary Rich
ardsen.
The result Of It may be inferred from
the fact that subsequently the Secretary
stated to the agent OF the New York Asso-
ci.ted Press that the President will do any,
thing within the law. but in no particular
20 beyond clear legal authority; he will
maintain the safety of the Treasury De-
partment and protect the credit of the |
Cnlted States from the influences of general !
emhar.assments.
There will be a sufficient amount of cur |
'ency IN New York tomorrow belonging 10 |
he government to buy all the bonds that |
nay be offered. The Secretary of the
Treasury has all that is necessary, and will |
ooh out that there is enough in the hands |
If the assistant treasurer TO buy every
hing in the shape of government bonds
hat is presented for sale. Judge Richard
on says ne vii! see that the government |
!oeS its duty within the law, ard that he
,nows exactly where to get all the funds
hat are necessary. He does not however,
intimate a word about the much talked OF
egal tender reserve furnishing q part of
ne money TO 90 10 the assistant treasurer
t New York.
The Treasury Department denies that the
avy account fund has been transferred
rom Jay Cooke. McCul!och & Co.
!he ruE on the Washington savings banks
oday was comparatively very slight.
Secretary Richardson received the follow
lg dispatc.i. dated New York, to-day:
Mercantile business progresses as usual
Vail street is already itself. The people
'in III congratulations to the President and !
acretarv Richardson for their stability.
he Stock Exchange will be opened on
'ednesday.
he Little Rock BANKS Endeavor to Cre-
ate n Panic.
LITTLE Rock. September 22-Cn account
TIE financial panic North, the banks here
day refused 10 take city money, home ,
lTrency. which has been in circulation at
II for six years. and az a consequence |
eat excitement prevailed. This money
Is always been received the same as green.
,cks.
a citizens meetin. was held in the after.
ION. at which II was resolved to take the
oney as usual. The general impression is
az the panic will be over by Tomorrow,
"a the money vii! be taken as usual.
Philadelphia All Right.
September 22.-There was i
much better feeling on the street today. .
kcitemenr in London-Jay Cooke e. Co. 1
Continue to Pay Cash.
LoSDOS. September %, 2. M.-Much
Xiety is manifested on all sides to hear
rther news from New York. Jay Cooke,
:Culioch 4 Co. continue to pay cash in
e usual manner over their counter a
n0ng the rumOrs current in tho Stock | s
,ehange is one that the Bank of England T
Ids $500, Of Jay Cooke & Co. accept 0
ces and that Hothschi!ds has $1,000 of
e same paper.
$50 2. MA dispatch a,nouncin, the u
sing Of the New York Gold Exchange
Just been tutlet!ned. This news is ac-
,ted q. an indication of th. gravity of | il
: financial situation, and the msrke; for | y
4ev!can se:uGit!e. Is again depressed. b
Cincinnati; Feels Confident. A
-:SCIESiII. September 9:-The feeling ! =
confidence which has prevailed here :,
iOng financial and business men during
, progress 81 the trouble in New York
5 continued throughout today. Appiica-
rs at the banks for discounts have been is
nparativeiv light. and orders from the Of
lntry for currency have been less than h
pected. W
he entire situation this afternoon was Il
onger and more encouraging than at any | nc
le since the financial storm in the East
IS fairly developed.
Suspensions in Philadelphia. Il
September 22.-The Kew sc
me Bank, a State institution, at No. 1896 d.
estnut street. suspended this morning, in OF
lsequence of inability to secure currency. p
e Citizens Bank, State institution, cor G