The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-26
SUGGESTIONS FROM THE N. Y. pRoDucE EN-
!" CHANGE. . Fl n -a

SUGGESTIONS FROM THE N. Y. pRoDtcE EN-
' CHANGE. y ' ". d.
NEW YORK, Sept. 25.-The Produce
Exchangehas adopted the following reso'
lutions:
"WHERAs, Thecritical condition OF the
commercial interests OF the country re-.
quires immediate relief by the removal OF
the block in the negotiation Of Foreign
Exchange. Therefore be 1t Z, "A
!. Resolged, That we respectfully suggest
to the Secretary ot the Treasury the tol'
lowing plans for relief In this extraordi.
nary emergency: 1st That currency be
Immediately issued to banks or bankers
upon satisfactory evidence that gold has
been placed on special deposit in the
Bank Of England by their correspondents
| In London, TO the credit Of the United
States, to be used solely in purchasing
Commercial Bills OF Exchange, and that
the President Of the United States and
the Secretary Of the United States Treas.
ury are respectfully requested to order i'm.
mediate prepayment OF the outstanding
loan Of the United States due January 1st
1874" ~ ~.
The Steamer Cambria brought $780,.
500. .., .-. 70
NOTICE REQUIRED BY NEW HAVEN SAY
...- INds BANKS. ,... d..
New HAVEN, Sept 25.-The managers
OF the Savings Banks Of this city have
voted 1t prudent to require notice OF the
the withdrawal Of large deposits, but will
continue to pay small amounts on de-
mand. Thus far there has been no run
on any OF the Sayings Banks, National
Banks, State Banks, Trust Companies, or
private banks in the city, but the course
Of the Savings Banks has been followed
to protect borrowers and deposltors alike.
Every Savings Bank in the city has Q
handsome surplus aboveits liabilities, and
the depositors feel no uneasiness.
The Augusta National Exchange Bank,
Merchants & Planters National Bank, ol
Augusta, and the Planters Loan and
Savings Banks have suspended. The run
on the banks has been heavy, especially
this morning. Cotton Is coming in freely,
but there Ia no money TO moveit
PANIC sUBsIDED AT RICHMOND.
( RICHMOND, Sept. 25.-The panic has
entirely subsidized and there Is no visible
excitement on the street. The bank
officers this morning unanimously re-
solved to adopt system Of issuing loan
certificates as is now in operation IN New
York, Philadelphia and Baltimore, so as
to give relief to the community. s'
. The failure Of McIlvaine 81 Co., Of
Petersburg, is contradicted. sl
CONFERENCE AT THE TREASURY DE
g., .PARTMENT.
WARRINGTON, Sept. 25.--The Secretary
OF the Treasury with, Assistant Secretary
Sawyer and Attorney General Williams,
have been in consultatiopa At the Treasury
Department for q long time to-day, 1t is
supposed upon the legality Of further use
OF currency by the government Tor the
purchase Of bonds. First Comptroller
Taylor was present during part Of the
conference. IS .4,
Several bankers Of this city called on
Secretary Richardson today for the pur.
pose Of obtaining currency to meet their
demands; but, though their bonds were
offered here, no purchases were made.
The employees o! the several depart.
ments are being paid off at the request Of
Governor Sheppard, for the purpose OF
easing the market in this district.
sRc'Y RICHARDSON UNABLE TO VISIT NEW
YORK.
New YORK, Sept. GA telegram
from the Secretary Of the Treasury states
that his official duties prevent him from
visiting New York and consulting with
the Clearing House Committee.
ALuCKY HIT FOR THE U. r.. co.
During the examination this morning.
Of the large safe Of the Union Trust Co.,
box belonging to the missing Secretary
was opened and found to contain $25, QUO
in United States bonds, which we're sup.
posed to have been lost, "
RUN ON SAVINGS BANKS AT DETROIT.
DETROIT, Sept. 25.-The run on the
savings banks Is quite extensive to-day.
They all insist upon thirty days notice tor
large amounts. David Preston Il Go. and
+. L. Seitz & Co., bankers, have sus.
pended. -t- 7-s
MORE OF THE TREAsuRy coNFERENcK-
THE LRGAL RESERVE NOT TO BE USED.
WASHINGTON, Sept. 25.-The confer.
ence between the Attorney General and
Secretary Of the Treasury to-day lasted
nearly two hours. There was afull and
complete exchange OF views on tho pre-.
;vailing financial troubles and the pro.
priety Of further action by the government.
It seems certain that determination was
reached and concurred in by all present
that the government should not use any
portion Of the legal tender reserve for the
purchase Of additional bonds, although
this resolution may be temporarily
encroached upon for the wants Of the gov.
ernment, but then not TO any great extent
and not with any view 10 Initiate the cur
rency, as the Secretary, even ifiorced by
circumstances to put out any portion OF
legal tenders beyond the 1856, ,00O, 600,
will, as he did In the first two or three
months OF his administration, reduce the
amount TO that standard again at the ear
liest and most practicable time. The pres.
ent understanding Is that the Department
believes 1t has helped the banks as far as
the public service and consistency will ad.
nit So that at present there Is no inten.
ton OF issuing additional instructions for
bond purchases. .5.4f N a
s.N; RuMoRs coNTRADIcTED. -
Rumors have reached Washington from
the South, as well as from New York and
other places, that the Secretary Of the
Treasury has advised temporary suspen!
sion of all the banks, but there Is not the
slightest indication that such a policy has
been or will be advised. Secretary Rich.
ardson asserts that further than helping
banks by the bond purchases which have
been made, he has nothing to advise. He
only looks to tho interest OF the Govern.
ment. The situation, so far as tho Gov
ernment Is concerned, is unchanged since
yesterday when purchases Of bonds were
ntanna1