The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-09-27
THE FINANCIAL SITUATION
Reports From Various Cities.
Bank suspensions in Chicago.


CHICAGO. September 26.-To-day has
been one ofmost intense excitement in
banking and business circles in this city;
day OF wild rumors and suspended
banks and other financial calamities.
Most of this excitement has been caus"
ed by false rumors. The following
banks have temporarily suspended {:
Union Note, W. F. Coolbaugh Pres't;
Second National, Manufacturers Ma
tional, Bank OF Commerce, Cook
Conunty National. Rumor had it this
morning that ups are being
made on the banking houses OF Pres.
ton, iKenn & Co.. German National
Bank, Corn Exchange National City
National Merchants National and
Merchants, Farmers and Mechanics
Savings Bank, but they proved 10 be
false. Each OF these institutions
has been doing business as
usual during the day.
The officers of the National Bank Of
Commerce, say they have only closed
for the day, and it will depend on the
condition Of affairs whether they open
tomorrow or not. The other National
banks are keeping OF zen doors and doing
business as usual, with the exception OF
some few that are only paying small
deposits. 1t is not learned that any
Savings banks have suspended during
the day. 1t has been rumored 'hot
fearful run is being mace OF Corn hx-
change Bank, in Chan U' - S.: lmnIe cree,
and the excitemeLt was 81 intrh-e a, 10
require the inter ferance OF the po!'ce,
but it proved to he false. Therr hSd
been a run for mo ney on the bank. ru'
the greater part b ad been got rid OF -
the banks bad air eady received S4O,oOO
more than had b zen drawn cut, ahd
had not found it necessary 30
open vaults nor even the express
package OF money juet received from
New York. All was quiet and the
bank provided p Iyment Tor ali who
thought their mon ey safer out than IN
the vaults The ank had ample ass
sets, and while they did not court the
excitement, they DIDN'T tear n ran. An
explanatory notice OF the Union Ma
tional made by its resident states that
it'i9 perfectly srlv'nt aud has met
With No losses BY suspensions in the
east and has in cash and paper mGtur-
ing within sixty days sufficient to pay
att liabilities to depositors without
touching dollar of its capital stock or
surplus.
Bank officers of Merch ants Saving,
Loan ank Trust Company say that all
collections maturing in the next few
days and all remittances received have
been exhausted but expresies Its ability
to meet all demands il per mitted to ar
range equitably and fully with all de
positors. =,
TERRE HAUTg, September 26.-Al
is quiet financially here al d no runs or
suspensions. The Prairie City Bank,
CORES pondent OF Henry Clews q Co.,
New York, and Wooler, Webb Il Co.,
of Indiauapolln, meets promptly all
demands made op it's deposits, with
Clews & Co, drawn ont before the pan
ic and with Wooler, Webb & Co. over
drawn. Terre Haute banks had indi-
vidual deposits with Clews x Co., but
they are recognized as sonnd and there
are no indications OF q run. If one
should occur on any bank all will
close doors.
OMAHA, September 26.-Omaha
banks are suffering very little in con-
sequence of the panic, and are trans
acting business as usual.
LOUISVILLE, Sept. 26.-The money
market is tight but nothing serious is
apprehended. The stock of pork on
hand is very light, and the pressure
could not have come in a more favor
able time for the provision dealers, but
unless money gets easier the business OF
packing will be curtailed for want OF
cash.