New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-24
JAMES II. BANKER.
ELLEN JOSEPHINE BANKER.
ATTITUDE OF THE BANKS.
THE PRESIDENTS LETTER OF MINOR IMPORTANCE
AssUKANCEs GIVEN 10 Mr.. ANTHONY = III

5HE PRESIDENTS LETTER OF MINOR IMPORTANCE
ASSURANCES GIVEN TO MR.. ANTHONY - The
BANKS TO STAND ALONE NEXT MONTH
The disputed matter of the letter of
President Grant TO John L. Williams President Of the
Metropolitan National Bank. finally settled yester-
day meeting Of bank officers at the Clearing house
About CO bank officers present and almost the first
busness transacted the consideration OF this letter
Mr. Williams said that he pressed to write letter
40 President Grant that there great suffering
IN the manufacturing districts Of NewEngland for the
want Of legal tenders. and also that assistance
needed from the Government This pressure chiefly
from persons interested in mills in Rhode Island. where
rome operatives working half time, and others
out Of employment Mr. Anthony carried this letter OF
Mr.. Williams TO Washington, and had an interview with
The President and received assurances that the Govern
lnent would issue from 100000 100000 per week
from the OOOO0 reserve, necessary. Tue President
pressed buy exchange but reserved this question
The letter then read TO the bank officers but copy
of furnished the only portion Of it appearing
IN the minutes being this:
But cannot the bank presidents be brought together
and resolve aid each other and the business interests
power. Tomorrow VIII consider the question with
the TO DO all in my power for the relief now SO
much needed.
MI Williams offered a resolution embodying the above
extract which was withdrawn, and the following
luton offered by Mr. Coe unanimously passed:
Re,o!rsd That the message Of the President OF the
and gratefully acknowledged, and we cordially recipro
cate bis kind wishes and will act III the epft which he
ecOmmends.
Nj Williams then offered resolution that National
bank notes be used in settlement Of differences Al the
Clearing house This rejected by a vote OF Is TO a.
The following resolution then adopted:
Ket0tped, That on and after November ! next. the
equalization OF legal tenders by the banks OF the AssOc
huon he discontinued.
Thls was by far the most important event OF the day.
IL implies that the pressure the panic has 90 far
relaxed that the banks viii be able 20 stand alone by
Nov J. After the adjournment OF the meetinR a TRIB.
UEE reporter sought MI Williams for the purpote Of
AsceTtsinng whether copy Of the whole letter was oh
tainable, but he referred to the C1ear,n0house
minutes. which contained only the extract noted above
The general impression is that this letter abont which
note 70 the fable Of the mountain in labor.
THE PRESIDENTS FINANCIAL POLICY.
An Associated Press dispatch from Washing
top states: 1.-THE President having nearly Recovered
from the sickness which kept him from mis- Office ye,4r
dsy. received today large number OF visitors On
being asked by friend TO the contents Of his
iet,er 70 Mr. Williams he said he therein repeated
fo-,ner reparknamey, that IN addition TO what had
aav had been done by the Government, the only way
n, r.,ef was for the Government 10 buy exchange, but
.xobsnOe could not now be bought as the Government
bas M nee for IT, having already purchased enough OF
Iopd.n for the Navy and State Departments to answer
,,..., nn,noses There s INTENTION be further re
nsrhed "a draw on the s4O0oOOo reserve, except t1
Inee, the current expenses 0f LIS oo'efnOeHa