The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-09-23
Statement of Suspended Banks.
TEHE SITUATION on MONDAY.
ACTION or SECRETARY nlcmAnpsoS.
NEw YORK. Sept. 92--'f.lj A.

ACTION or SECRETARY RICHARDSON.
New YORK, Sept. 22-'i;45 A. ~
The official statement is made this morn.
ing that the assistant treasurer will continue
to purchase flvc-twcnty bonds in accord
ance with his notice of Saturday, paying
for them in currency at the average prices
of sales on that day. Secretary Richard
son said last night he did not sec how he
had the power 20 dc any more than buy
bonds and all the iyc-twcntics offered will
be bought without delays or rcd tape The
government, the secretary added, 'is not Il
trust company or loan institution aud it is
doubtful whether Congress would sanction
any such construction of my power.
THE PRESIDENT ASD VANDERBILT.
The following is the substance OF an in
terview with Commodore Vanderbilt last
night lie had during he day enjoyed
very agreeable interview with President
Grant He had not made "A formal propo-
sition to the president, as Ind been report
ed, that he would furnish the sum Of $40
F'''VN' NihNi aNiANll ''il'lllibH~. llil ilti
merely said in conversation with the prrsi-
dent and several other gentlemen that
something should be done tu make money
easier, and he would willingly lend his aid
to that end He had then announced in
formally that f the government or other
parties could in any way furnish --i9.ooo,-
600, OF that amour, Of securities to the
banking association hc would I've one 10
furnish ~l0,00O000. Whether hi, offer
would be accepted or not. or whether the
government would take amy steps in The
matter. he was ignorant, bat hoped some
thing would certainly be done to make
money easier until the crisis was past
VANDERBILT REFUSES PAY \ c>IL lnNN.
The Tribune asserts cditorially that to-day
opens with the gloomy prospects. immcdi-
atcly due TO the failure of Commodore Van
dcrhilt. president Of The Lake Shore rail-
road. TO pay. when called upon. Il call loan
for ~, ;50. 900 negotiated with the Union
Trust company, whereof his son-n- law.
the late Horace +. Clark. was president.
THr nrrAurTING SECRETARY OF rnr l'NioN
TRUST COMPANY AZ ARGE.
Up TO midnight the detectives had not
arrested the dcfaulting secretary, Carleton.
of the Union Trust company. His dofal-
cation is ascertainea to bc fully $500, 900.
NEW YORK. Sept >? Si5 "a m.
the STOCK EXCHANGE 10 REMAIN CLOSED.
1t is believed that neither the stock eN-
change nor ;hc banks will open this morn
ing on the other hand Mr.. Camp. general
manager of the clearing house, said in an
interview nj 10 o'clock last night that
every check passed in the regular way
through the clearing house will be paid.
The banks are in no danger, and there is
no tlught of their suspension. They were
never stronger than they are to-day, and
the action Of the bank officers Saturday
made them loudly strong.
THuRLow WEED on THE rrAIIoN.
Thurlow Weed visited Wall street dur
ing the height Of the excitement Saturday.
liz NiiNl III NiliN'i~tiibll NtNtflAtN 'lisA' W.
were now simply paying one of the penal
ties OF our great war that the usury laws
instead of being repealed, should be made
ten times stronger and more effective that
those who have combined TO lock up money
should he imprisoned wherever found ;
that he is not n director but merely n
stakeholder of the Union Trust COMPANY
TRICK OF VANDERBILT.
John V. L. pruyn OF the Cnion Trust
company directors. is reported by the Tr-
bune as saying that the securities offered
by Commodore Vanderbilt on Saturday to
the company for the loan made 10 Lake
Shore were not by any means sufficient 10
cover the loan.
SENATOR MoIroS oN 1uK crrErNcN RI
SERVE.
Senator Morton said yesterday. assuming
that the forty-four million grccnbacks were
issued, the question was how to get them
into circulation. The government could act
as a purchaser of its own bonds, but could
not come into the market as n lender.
FISK AND HATCH HOPE 10 RESUME.
Fisk IL Hatch hope TO resume this week
If the panic does not continue,
NATIONAL LIFE INSURANCE COMPANY.
The Times says there were no grounds
for pretending, as did Il Sunday paper,
that the National Life insurance company
of Washington, of which Jay Cooke is a
director, would collapse. The New York
agent of the company asserts that for every
loan now existing the company hold col
latcrals which are worth double the amount
loaned.
New York, Sept. %. 10 m.
THE UNION TRUST COMPANY.
The following notice is posted ON Tho
door of the Union Trust company 'Thi,
institution is in the hands of Il receiver, \
statement of lis affairs is being prepared
and will soon be made public Depositor
are cautioned against sacrificing their nc
counts.
The feeling in the street is better, ant
| noptN ult tAlltSoNN Itiii' WI
spend itself to-day. Still. everything is in
yolvcd in uncertainty.
New YORK, Sept. 90. 10. 10 a, III.
The following notice has just been is
sued
The New York Stock Exchange will re
main closed to-day. A meeting of tn,
governing committee will he held to
morrow morning at 0l o'clock,
II. q. CHAPMAN, President.
The sun says yesterday Afternoon
Messrs. Opdykc, Seligman, Clews and
dozen others were at the conference a
which the letter, under Rcverdy Johnson
dictation, was written to the president. |
recited in brief the salient point of tht