The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-09-23

paying out greenbacks freely for govern
ments Tell the Chicago banks to keep
cool, all is right here
Signed ALLEN, STEPHENS & Co."
There is a better feeling, and the city
banks are more confident. The stock mar
ket is from two to five per cent. better.
There is large demand for stock for cash
investment. About s., 900, 900 bonds have
been bought by the Sub Treasury. All
foreign markets are strong, with better
feeling.
Hon. Hugh McCulloeh and Mr. Pitt
Cooke, of Jay Cooke & Co. arrived from
Europe to-day and learned for the first
time of the suspension of their Uuited
States firm
! The disbursements for the United States
Navy department have been transferred
from Jay Cooke, McCulloch & Co. to Hen
ry Clews 4 Co.
The official statement is made this morn
ing that the Assistant Treasurer will con-
tinue to purchase fve-twenty bonds in ac-
cordance with his notice of Saturday, pay
ing for them in currency at the average
prices Of sales on that day.
A run has begun on the Seaman's Saw
ings bank, Wall street. The Up town
Savings bank has not yet been heard from.
The meeting of the directors of the various
banks is now being held to decide upon
the advisability of compelling depositors to
give sixty or thirty days notice as their
charters allow, and as agreed upon in an
informal meeting yesterday.
The clearing house statement shows that
all the banks have made their clearings
satisfactory, including the two previously
reported, as settling, through the loan
committee. The general feeling is decid-
edly better, and there is considerable in
quiry, in a quiet way. for stocks, persons
being willing to pay greenbaeks for the
dividend paying shares. As the run on
the savings banks has ceased, there has
hardly an average amount of Withdrawals
taken place, and it is stated there is nc
falling off in deposits. Only $200,0OC
worth of bonds have been bought at the
sub treasury since twelve O'Clock There
has been considerable falling off in the
number of sellers. The following casi
bids for stocks were made on the street
Central, IS; Wabash, so; Rock Island
SSa90; Western Union -
i The day closes with confidence greatly
improved, with the general opinion thai
the crisis is entirely over There Seems
to be no reason why all banks should no
now go along in a quiet and regular man
ner.
PHILADELPHIA, Sept. 22.-The fnancia
furry has subsidized. The run on the sav
, ings banks has ceased, and the nationa
banks experience no unusual demand fo
, capital
CINCINNATI, Sept. 22.-The entire stu
alton this afternoon was stronger and NOR
encouraging than at any time since tn
3 financial storm in the east was fairly de
. veloped.
| NEW YORK. Sept. ell A. Nth
e Sub Treasurer has bought 81, ,O00,0 i
: bonds. Large crowds are waiting to sell
BUFFALO, Sept 22.-W. Fl. Burt & Co
private bankers and brokers, closed thi
afternoon.
SHREVEPORT, Sept 22.-The yello,
fever has not abated. The weather to-da
is extremely unfavorable The number {
new cases in the heart of the city are few
because all persons susceptible of the dis
ease have fallen victims to it. There wer
twenty interments up to 5PM
There are now over one hundred ca
? loads Of freight here for points west.
f MEMPHIS, Sept. 22.-There was marke
falling off in the number of deaths frol
;. yellow fever yesterday, the, total numbe
/ of deaths being thirteen, of which mir
E only died from yellow fever. Leadin
e physicians are sanguine as to the perm;
:. nent abatement of the disease The How
f ard Association is taking measures
e establish liberal hospital for the poor
J. AUGUSTA, Sept. pa terrific storl
y prevailed in the vicinity of Tallahassee
,t Fla, on Friday. The damage was in
IS mense st. Marks was completely washe
le away, only two houses being left standin
J. and twenty families were made homeless
Newport is also reported swept away.
& NEWTON, N. j., Sept. 22.-Nine bull
X ings on Main and Smith streets we
Id burned this morning. Loss estimated
$4,000.
= WASHINGTON Sept. %. President Ora
and General Babcock returned this NOR
ing and registered at Wizards hotel.
the course of the morning the Preside
called at the Treasury Department al
son. son. ' WIN '''''A'' N''n"'
y The President had another interview
more than an hour with Secretary Ric
ardson at the White House, this mornin
at which Secretary Delano and Postmast
General Cresswell were present. 1t
been decided to send 500, 900 from I
/ national treasury here to Assistant Tres
| urer Hillhouse in New York, tonight.
b enable that officer to buy all the bonds tL
may be offered.
WASHINGTON, Sept 22.-The Preside
will leave here tomorrow morning |
Long Branch. This evening he was {
tertained at dinner by Governor Shepal
The following from the Chicago Tin
T comes in good, right here:
IL If professor of the art of faro shel
by methods of. fraud or devices of swir
ace ling become involved for greater amol
of money than he could pay; if
bank should stop payment and thus
ar volve some score of other professors of I
high art of faro and compel them also
stop payment; and if the explosion amt
these professors of the high art of f
should produce an unusual eommot
i. among the gambling cheating, and sw
ding fraternity generally; would pa
* government put his hand in his pater
- pocket and hand over his pocket book
their relief? If not, why not? "Becau
will probably be the reply Of Mr.. Gral
Y, stump tail organistl, because these i
fessors Of the high art of faro would
be the public Then the reason !
n, government shells out ten mill
Of greenbacks to rescue the stock -ganlbl
swindlers, and confidence operators Fl
nm the destruction they have brought a
VA themselves by. their own immoral
fraudulent conduct is that the stock gal
lers, swindlers, and confidence opera
,gr are 1.-THE pnblicF
d. The moral Of the conclusion is that "