The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-20
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WHEELING W. VA SATURDAY MORNING sEPTEMBEls 90 1878

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was being made upon the Fourth Ma.
tional Bank, bdtit proved to be incorreci
The story originated from the fact OF I
large number OF persons crowding into tn
building for the purpose OF having check
Of the Union Trust Company certified
The Fourth Is generally pronounced al
right. Ann
Fisk &Hatch are not yet prepared t.
make any detailed Statements relative II
The cause Of their suspension. Owing Il
the excitement and general demoraliza'
tion it is utterly impossible to get at any
thing like satisfactory statement OF th'
condition Of affairs, q, pgrry1r, ar,
WAsu1NaToN, Sept. l9.-Tle secretar!
Of the Treasury this morning stated tina
he would pay all the;bills against the gov
eminent, and thus put IN circulation a
much currency as possible, as hc hat
abundance Of currency to pay all th'
claims without drawing on>the $40 0,O00i
900 reserve. Ills order TO Treasurer Hill
house yesterday was not toreyoke thesal,
Of gold, but simply directed the Assistan
Treasurer not to accept any offers below
the market. AS the proposals were fol
such small amounts and the prices below
the market, the Assistant Treasurer de
elined to accept any.
PHILADELPHIA, Sept 19.-DeHayen 6
Bros. hope to be able to.meet their liabil
tiles, which are small. The panic has
caused run on the Fidelity Safe Deposit
and Trust Company, and there is a long
line OF depositors drawing out on checks
The directors are confdentol their abil-
ity 10 meet all demands. The distrust il
caused by the suspension of the Messrs
Clark, who are prominent members Of the
company. =
WASHINGTON, Sept. 19.-Hundreds 'ol
persons formed in line. this morning Of the
City Savings Bank. They
were nearly II not all small depositors
and entered the bank iu turn o,draw
their money. The President OF. the insli'
tuition was on the ground assuring the
crowd OF the ability OF the bank to'meei
all demands. There was also. a'run on
the Bank OF otdWashington,s adjoining the
Savings Bank. p .aisliiF ssIls3 lGt
THE EXCITEMENT IN THE STOCK nEx;-
CHANGE. =, a.l. 'sist.
New York, Sept. 19EAThe Stock Ex-
change has been the scene Of thewildest
excitement throughout the. morning, the
volume Of business having been SO large
and tho fluctuations oi such proportions
as to make it well nigh impossible 10 keep
q record Of the business. At each time a
failure wis announced o great rush was
made to- sell Stocks which was almost
regularly followed by some recovery. The
decline, has ranged from Ifa1t ito 80 per
cent. ~ -':.'fa ,s M; ,;'','t h r.Hr =, ~
Asreach failure was announced on
Stock Exchange the excitement increased
and everybody seemed wild with fright
The GOODNESS and confidence departed for
a time, and 1t is very. many years since
such scenes have been witnessed on Ex-
change, The money market Is 80 un.
settled that It is difficult toname rate:
Foreign exchange dull and, nominal:
Gold active and excited and after frequent
fluctuations advanced to 113s. The rates
paid for carrying were 1,3s to ? per cent
gold. Southern State secufities.agitated!
Government bonds unsettled and the
quotations are nominal. Tho general
panic and depressionwhich followed the
suspension Of Jay Cooke & Co. yesterday
caused the banks to call in loans freely on
Flax & Hatch to-day, and ,,amid the dis
trust prevailing the firm found 1t impos.
sible to renew loans elsewhere or realize
upon their securities in the present con-
dition Of affairs banking house OF
the firm was crowded BY isympathetical
friends, who offered not only sympathy
but substantial aid. The firm. however,
~ "a :, nrrd rdert. m ,on and treat every
ase'ayu 1a a,',.a ~ p."SiS 70 ~ - o isa'" =
on' 's,ns, amsnpss,oss IN PHILADELPHIA. le.
DE-, ., .n.,r r,,,.. s.uI. Iy,-The follow.
in1 brokers have 81 suspended: d. q. Doug.
lss q M. Bayard, j. H.1:YerkesiI John
TSnvd and Gilhoueh Bond &, Co.gaAll.of
ne above, excepting Gilboughs,, Bond s.
co, arc small concerns. Pc \ an s!,3 !jss q =
NEW YoRK, Sept. 19.-Monroe"& Co.,
per Paris cable. to their New
York house that they will protectall bills
Of jay Cooke & Co., upon themaI They
offered this morning to- discount Cookies
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