New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-22

the Committee appointed shall have power to equalze
tho by assessment or other at their discretion
mitee of the condition OF such bank the morning "
% ay ss % Si Ss es
iDg-house. specRSfng the following items:
O. Amount OF United States certificates Of deposit and
legal tender notes. 4. Amount OF deposit, deductng
therefrOm the amount OF special gold deposits.
That the bank which loan certificates be issued
be charged addition to per cent interest one
quarter Of per cent 10 defay the expenses eonse
quent upon carrying out this plan. +. ID. TAPPBS,
President Of Clearinghouse.
The resolutions were unanimously adopted and it was
determined TO issue at sl0000000 IN loan certih
Gates The Chairman appointed the following Bank
Presidents a committee to devise proper means Tor car
ryng out the measures of relief contemplated in the
resolutions:
Ed Happen, Gaatin National Bank; Moses Taylor
CITY National: George s. COe American Exchange Ma
tiona Charles p. Leverch, Bank OF NewYork; Charles
f. Hunter, Peoples Bank.
During the discussion the adoption OF the report
submitted by the Committee, in which Shepherd Knapp
Moses Taylor H. f. Vail and others participated the
sentiment was frequently expressed and greeted with
applause that the policy Of the banks was to stand or
fall together One Of the speakers called attention 70
the fact that similar expedient to that proposed hau
previously been tried, and had been attended with en-
trey satisfactory results The time he referred to was
at the outbreak OF the
THE GOVERNMENT THROWS TEN MILLIONS OK THE
As Governmental aid had been anticipated for some
time and rumors had circulated that IL was certain
to appear in one shape another Saturday, large
crowd assembled In the morning at the SubTreasuy TO
await developments A notice found upon the bull
en OF the subTreasury stating that proposals to sell to
the Government SO 100000 of United States hyetweny
bonds would be opened at noon. The usual regula-
lions OF the Treasury Department for the purchase
of bonds were to be observed. The bids were made
in the usual form at The highest offer accepted
was 1ll.25 and the total sale s24O7,0O There was
complaint that purchases at higher rates were not made
and it was asserted that the actual purchases had no
very perceptble effect in relieving the market though
individual houses have secured themselves or the firms
for which they acted by the sales The following dis
patch was received the later in the afternoon
WASHINGTON Sept. 2O-It may BIO announced on the
highest possible authority that should the order Tor the
purchase Of SOOOOOO0 bonds fail 10 cneck the financial
excitement IL has been decided by the Secretary OF the
Treasury any part OF the Si4OoOOOO reserve
necessary % restore confidence. \
1t IL stated that early O'Clock Mr.. Wesley OF the
Union Trust Company offered S982eO0 OF hye-twentles
and agreed to take his pay for them in greenbacks at
par proposing to settle aferward at the lowest prices
of the noon sale Assistant Treasurer Hllhouse could
not find instructions any authority for this accom-
mediation. At late hour Saturday afternoon a
TRIBUNE reporter saw Gen. Hillhouse. the Assistant
Treasurer aud asked him If any additional instructions
had been received, but the reply was in the negative