Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-25

stances be proper. Tie recon menda-
tions were received with general ex-
pressions Of favor, and have been fol-
lowed with great unanimity by the
members OF the board, 50 that there viii,
by tomorrow night, be very few out
standing trades to settle. There is, in-
deed, now fewer than at any time since
the fire. Holders Of cash grain are in
disposed to sell at present prices, and
this, together with the inability 10 ne
gotiate exchange, prevents the filling Of
the large orders for grain There Is a
general feeling of relief that the day
has passed ia New York 8, satisfacto-
rily, aud renewed confidence in the
ability of the banks and merchants Of
Chicago to pull through alright. There
have been 80 failures Of merchants or
grain dealers. The banks all went
through the clearinghouse to-day in
good shape, aud there Is almost q uni-
versal feeling that the storm has passed
by.
AT LITTLE ROCK, ARK.
LITTLE Rock, September 24.-The
money panic IN this city continues,
\ while large number of merchants have
deciGed to-day to continue taking city
money As formerly. A large number,
including nearly all the produce and
grocery dealers, signed an agreement
not 10 take it so long as the banks refuse
to give eastern exchange for il. The
excitement is very great, as the city
money having been the only circulating
medium in use here for several years,
and nearly everybody has some.
AT RICHMO6D, VA.
NEW YORK, September 24.-The
/ Richmond Dollar savings bank suspend
ed this morning. Isaacs, Taylor & VIII
! liams suspended on account Of the scare
| ity Of currency, their assets being double
| their liabilities In both of the above con-
| Germs. The stone-cutters employed in
the government stOne-ysrd were depos-
itors to large amount, there is con-
siderable excitement in the neighbOr-
hood of the banks. There is a run OF
small depositOrs on the banks, but they
are all holding out, and will doubtless
weather through the day. The Freed
mems saving-bank requires a legal no.
tice, as does also the other private in
stitutions. A general meeting of all the
members Of the chamber Of commerce,
corn exchange, tobacco association, and
the leading merchants, will be held to-
day to consider the state of affairs, and
adopt measures to strengthen the public
confidence.
RICHMOND, September 23.-A meet
! ing of merchants and manufactures,
including the various commercial asso-
Citations of the city, held to-day, was
the largest gathering of the kind ever
held in Richmond, and the greatest in
terest was manifested in the present
financial crisis. A series of resolutions
was adopted with great unanimity,
and were in effect as follows:
That the present condition Of af-
fairs in Richmond has arisen
from causes and Influences external to
the ranking and mercantile business
thereof, and is in no wise to be attributed
to irregular operations or undue expan-
sion on the profits of the banks or mer-
chants; that the banks Of the city are at
present believed to be Of undOubted
/ sOlvency, and that no loss can result to
creditors if the banks are allowed to
proceed as heretofore; that this meeting
deprecates the uneasy feeling that il
prevailing in this city as tending to
produce panic and run on the banks,
thereby being likely to cause their sus-
pension, as well as to arrest Snd over
throw all business; that In view Of the
undoubted solvency Of the banks, and
to prove their confidence therein, the
members of this meeting pledge them
selves TO abstain from running on the
banks, and to confine themselves to
strictly regular and necessary checks
and drafts in the course of business,
making them as limited as practicable :;
and farther, they will continue, as here
tofore, to make deposits and urge upon
all persons having business with banks
to pursue a like course Of confidence,
thus avoiding the greatest contingencies
Of prostratiOn and disaster. No further
suspensions reported. The excitement
greatly subsidized.
AT CINCINNETI, OHIO.
CISCINNATI, September 24.--There is
no change here in the condition of
financial affairs. The banks are dis
counting spariDgly, and are still pur-
suing a policy that will fortify them.
RumOrs were early circulated oD change
that the Baltimore banks had suspend
ed, which produced depressing effect.
This was supplemented 10y another re-
port that the New York banks mad gem
orally suspended, which increased
dullness in general business. Dispatches
were received, however, at d later period
denying both reports. These dispatches
were received with prolonged applause,
and served TO relieve the disquiet.
During the evening there was an i'm
proved feeling on Third street, with no
evidence of excitement in any quarter.