, 1873-09-28

Tho ,.orntna ,util oo,ock l},o aftornoon t,,oro
wnR n constant md atondv dc,nnr,1 for co,,rronc,
~ .,',. S , aso"o' on.".a 49, so"l4o.s
=, ~ se n"a ivory o".es "aa sos proms'
" Dy 6mfl'hE Cahhior. WHO diabnrhod greenbacks
to tho greedy. Tloro was nothing like confusion,
or excitement about tho bnnk. and tho street
ru,uors, an us,al, oxoraera,ol Tin ron1iiv, Aftor
,,, 1',,s. ' os"ss -. m..., .'..:'. u". "l'o'
Verhod with tho accomplished and cool-hcaded
caslllcr, Mr.. L. j. Gage, a,ld tho substance of
tho information derived from thjs ropt1eman
mav t,u,a In lriofv y,,r,o r,,ol rrl,, .o.,,,,o1
= ~,,,, 20. ~ ~ ts.,'. t"a 49,. Ana au,eAls"
.,..'' IT,. oi .no ua4A hao hot ah'u"'tea TO any
thlhB eorlouH, anu was not 1recipitatcd by resi-
don't dopoBitorB or country correspondents.
Numbers Of small cl,coks, that in tho usual
roursa NJ }n,aineaa wou1l have ,,tr IL .t,,,
ho,,, ~ I'D 49,. 4 -, -. soi ~
. ~ ~ A'"'s "A5' VI plenoo s4louEn tao
o4ear1ng-Hoabo' nad boen presented Immediate
" In consequence Of tho suspension Of other
bankB, and this Ind occaBionod tomporary
small o,citomont. All Of theao cloc]fa hnvo
oeon promptly pa'a on presentation, and such
payments had to small oxtont exceeded tho
amounts OF deposits during tho day. Tho ro-
suit was that tho amount Of actual curreucy On
hand Ind hcon aomowhat roi1ncoa .,-,ac .ta
ononiue Of tho ban}, in tho rorn;n 1lte t ,ae .ae
hn cloaed businnaa with inpro a,,n3 Ims 'noy nny
wcro nhnndantiy nhIo "a mnot ~ 1oe!;!ast; ~ ~
manls thoy could forosoo. Mr.. fse1o tIounit
tho fav fHoturtlay> waa i5a trvinT 6uo IN sha
emergency. ana that a'4 thoae VINO had atooa tho
6runt wonla fhsae successfully IRON tho con,
nhitgat;ona. ~ '1e~' ~"
r,,p erc,vn v.r,ox1y
ia rep.racd no hnnnlc,nlv innnlvont' and tha rra,
,uji mnt " cau 's rcnnreT IN
Tn,nnnr. tha han, Ia nak}nr s,1ch adiustmo,3ta
40 IL na, iii, frsaa- nroditor. "n5 ;ta nf3e
corS hono to bo normittsd to 20 Tito ouiot and
voluntary liquidation. The disaster tlat has
ovor.sken them Is not wholly attributable to tho
prosent crisis, nut to unfortunate previous us
hopo OF my immediate redemption. Tho oilicers
maintain that their HocuritioB arc good, and that
every dollar OF obligation will be pa1d II tinlo ia
granted and no hard mcaguros aro adopted to
force thom into bankruptcy.
TILE Tl11hD NATIONAL
closed It's doora in the morning, notice holng
pasted ca tho door Hott1ng forth tliat, OWING to
iho continued financial strngency, Tho manaKo-
mont deemod IL T. proper 60 alisroha ouslnoss lor
the present. Lille ~a8 slgncd by tho Frohldent
aha Gashior. Iho Prcaldont MI. j. !rv1ng
pearce, fols confident and serene, aud 30 did I'LL
VINO 1hd accounts Win tho oanK' ihore was no
unoabInoBsa; It was mhttor Of low days, and
MI would 30 right. !ho heBt ieoiing prevailed,
ana there "as no abatement Of tho confidence
TINT has always existed IN the community
toward tho institution 4 crowd OF idlers
WHO had not q cont In tho bank, stood
round for . while, studying tho architecture
OF the blllidinE. Ihey eoomcd aata61iod nftor 10
short timo TINT 1t waa y worry fine specimen Of
ana no. moved OH to pursue tner
THE FOURTH NATIONAL.
Everything vas very quot At tho Fourth M
tionai' amd a. only moderate business wae being
done, They wore paying all positive domands.
but strongly liHcountonancing large drafts, and
woro generally arccesstul in satisfylng anxious
ones of their stability, and preventing unnecos-
Haly Withdrawals OF currency. They said thoy
wero not iu need Of currency, and Ind not
drawn On tho Enst for any, nor checked
for their. balances Bilee tue inception OF
tho financial troubles: ihor receipts from the
West had been considerable during the day. aud
they had not beon checked agal'sst anl tie amount
Of deposits exceeded tho sum Of OUTGOING pay-
monts, leav1ng considerable currency gain IN
their vaults for the day, Aoro, ns elsewhere,
the precautionary moisture was adopted Of re-
fuslng paymonts to aonosstors g., whose debts
would mature tn brlef time. This was simply
tantamount to roBoeslns b'lins Of cash held aB
security for obligations soon duo' aud though
not strictly Legal nor IN times Of ordinary buai-
mesa 1uatlhao!o W tho coae ot trauo, Wns held