Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-30
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COLUMBUS, OHIO.


COLUMBUS, September 20. - The
financial troubles as yet have had very
slight effect upon this city, while all the
banks have prepared for a run. Thus
far this precautiOn has proved unneces-
sary. Instead OF disastrously affecting
the manufacturing establishments, there
is the usual work going on, and all
skilled mechanics find demand for their
labor. New manufactures are being
built, and all old ones are running full
sets Of hands, and cannot fill their or
ders. The banks buy eastern exchange
very cautiously, and discount scarcely
any paper. There has been no concert
ed action among the bankers, each pre-
ferring TO attend to their own affairs.
ST. PAUL, MINI.
ST. PAUL, September 29.-AIl Of the
st. Paul banks respond TO all demands
ia currency, and have done so all the
time, with no thought of doing other
wise. There is no excitement or alarm
here, and aside from the stoppage Of the
purchase of wheat, business goes on as
usual.
CAIRO, ILL.
CAIRO, September 29.-In compliance
with the resolutions adopted by the
chamber Of commerce this morning, re-
questing the banks TO suspend currency
payment, the two national banks of
this city will to-day adopt plan similar
to that adopted in Cincinnati and other
cities, Of giving certified checks or ex-
change in payment Of checks.
WASHINGTON, d. C.
WASHINGTON, September 29.-The
I7o-,,,arg and Aaohonsoo1 y,at;opof bo,l-
OF Georgetown, National bank OF the
Republic, Bank OF Washington, and the
banking houses Of Riggs & Co. and
Middleton & Co. are paying all demands
upon them as usual. The other banks
and banking-houses, in combination
formed last night to certify checks in
stead of paying currency, will not pay
the smallest check to-day. Since the
commencement Of the panic four insti-
tutions have closed their dOcrs, namely
the First national bank and the Wash
ington city savings bank, now in liqui-
datiOu, and the banking-hOuses of jay
Cooke & Co. and FAINT. The President
and Secretary Richardson were in con-
sultation to-day on financial matters.
/ Five hundred and seventy-five thou
sand dollars have been drawn within the
last ten days from the Freedmen's and
Washington city savings bank, and
from other banks Of the city about
eight hundred thousand dollars have
been drawn. Friday one person drew
/ from the National bank of the Metropo-
/ lis sixteen thousand dollars, and placed
/ II in the Safe-DepOsit company. Most
Of the money drawn remains with the
drawers.
The city is free from financial excite
/ ment Recent statements have been
I received from the north Of the improved
| cond ton of affairs, which have had a
1 tranquilizing effect in Washington, TO
7 such an extent that several gentlemen
/ come cted with the banking combina-
/ ton ay that in the course OF few days
/ checks for small amounts will be cashed
/ instead of certified. Another favorable
I sign % that many of the large depOsitOrs
( In the Washington savings bank are
I conctrting with a view to a resumption
/ Of its business.
PHILADELPHIA, PENN.
{ PHILADELPHIA, September %
I Benjamin Bullock & Son, extensive
I wool-dealers, suspended this morning
/ for large sum, but they have ample
assets to pay all their obligations. Theil
suspension was caused by the failure oi
/ the Glenham manufacturing company
/ OfNew York, who owe them about six
hundred thousand dollars. Joseph Bull.
/ lock, one of the firm, is director Of the
/ Com Exchange national bank, but they
owe that institution only forty-five
| thousand dollars, which is covered with
collaterals for twice that amount. The
affair has caused no unusual excite.
ment, and in business circles generals
/ there is a confident tone.
LOWELL, MASS.
I LOWELL, September 29.-The banl
officials Il this city at meeting to-day
I de sded to follow substantially the ac
/ ton Of the bahks In other cities in re