The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-09-23

tthe reCsnt financial disasters: Tie Pre-.
aident positively declines to interfere in
the matter, as any action Of his would
be unconstitutional. 4 committee OF
bankers and merchants had come down
to final proposition TO the Governmen,
to issue $50. 600, 600 Of tho legal teuder
reserve. Reverdy Johnson is said to
have given his opinion to the effect that
to use the legal tender reserve for this
purpose is unconstitutional.
Secretary Richardson opposes placing
any considerable sum of the reserve at
the disposal of the New ycrk banks. Tn
use Ktohardson's own words, quoted on
the authority of one of the COMMITTEES,
this, gentlemen, is not my funeral"
MEMPHIS, September 21..There were
thirteen yellow fever deaths here yester.
day.
| PHILADELPHIA, September 21.-Ned
O'Baldwin, the famous pugilist, has
been sentenced to two years in the
peuitentiary, for aggravated q assaultsand
battery.
NRw YoRK, September 21.-The cor
ridors OF the Fifth Avenue Hotel we're
again crowded to excess to night, and
the financial crisis formed the subject Of
general oonversation. A slight run on
several Of the East side savings banks il
reported.
WASHINGTON, September 2I.-The
Comptroller of the Currency is paying
dividends OF twenty five per cent 10 the
creditors of the First National Bank of
Rockford, Illinois. 100 per cent to the
creditors OF the First National Bank Of
Fort Smith, Arkansas, aud thirty. five
per cent. to the creditors Of the M
tlonal Bank of Vicksburg, Mississippi
Dividends of thirty five per cent to the
creditors Of the First National Bauk OF
Selma, Alabama. and fifteen per cent. to
the creditors of the Atlantic National
Bank of New York, will be paid as soon
as the necessary schedules can be pre-
pared. Dividends to the creditors OF
the First National and Crescent CITY
National Banks, OF New Orleaus, wilt
also be made in the mouth Of Ootober
The Comptroller Of the Currency has
directed the collection Of the paper Of
the First National Bank Of Washington
to be deposited for collection with the
National Metropolitan Bank, which is
located next door. Correspondents are
requested to correspond with the latter
bank in reference thereto, thus iacilitut-
ing the business OF the receiver.
MEAPH1s, September 22.-Eight yell
low fever deaths on Sunday.
WASHINGTON. September 22-Presi-
dent Grant has arrived at Wizards.
In the course of the morning he called
at the Treasury Department and had "a
conference with Secretary Richardson.
Ihe result OF it may be inferred from the
fact that subsequently, the Secretary
stated to the agent Of the New York AS
ISOLATED Press that the President will
do anything within the law; but in no
particular will he go beyond clear legal
authority. He wilt maintain the safety
OF the Treasury Department and pro-
tect tho credit Of the United States from
the influences of the present financial
embarrassment.
There will be sufficient amount OF
currency in New York tomorrow, be-
longing to the Government, to buy all
the bonds that may be offered. Tho
Secretary of tho Traasury has all that is
necessary, and will look out that there
is enough in the hands of the Assistant
Treasurer to buy every thing in the
shape of Government bonds that are
presented for sale. Judge Richardson
says he will look out that the Govern.
ment doea its duty within the law, aud
he knows exactly where to get oil the
funds that are necessary, but does not
Intimate word abont the much-talked-
of legal tender reserve furnishing part
OF the money to go to the Assistant
Treasurer Mt New York. The Treasury
Department denies that tho nuvy ac.
count has been transferred from Jay
Cooke, MoCulloch s. Co.
The run Oh the Washington savings
banks to-day was comparatively very
slight.
Secretary Richardson received the
following despatch, dated New York, TO-
day: Mercantile business progresses as
usual. Wall street is already itself. The
people join in congratulations to the
President and Secretary Richardson for
their stability. The Stock Exchange
will be opened Wednesday,"
Probabilities the South Atlantic
end Gulf States, East OF the Mississippi,
fresh and brick winds-mostly from the
Northeast and South west, generally
cloudy weather and rain areas.
Richard Harrington has been ap-
pointed Secretary for this District, ric,
Stanton, resigned.
New YonK, September 22.-Mnrvin
Brothers have suspended. All the banks
have pulled through except two. The
two settling through the Loan Commit
fnn all