The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-09-29

two hundred dollars is mistake No
such action has been taken The banks
are doing business as usual. except that
they have stopped advances on the produce
until the eastern banks shall lie ready to re-
spond.
THE CLEVELAND BANKS.
CLEVELAND, Sept 81.
There is but little excitement among
business men in financial circles in this city
over the monetary troubles. A feeling OF
confidence prevails. and there is scarcely
doubt hut what the Cleveland banks will
get through all right. The savings banks
have adopted the sixty days notice plan,
merely as precautionary measure.
\ RESUMPTION.
DETROIT. sept y.
David Preston * Go, bankers of this city,
resumed business to-day after suspension
of two days.
THE TOIRDo BANKS.
TOLEDO, Sept. -.
The banks of this city passed over ycstcr-
day in good condition. Several of them
are stronger than at any time since the be-
ginning of the run. The single failure of
banking house, Kraus & Smith. has had
less effect than was apprchendcd.
IL PHILADELPHIA.
PHILADELPHIA. Sept. 81
Matters are quiet on Third street, the
scarcity of currency bcing the only trouble
experienced from the panic. Many large
manufacturing concerns have, with great
exertions, raised a sufficient amount of cur
/ rency to pay full wages to their employees,
while other firms hayc been able to pay
only fifty per cent. of the wages due.
CLEARING HOUSE OPERATIONS.
CnIcACo. Sept. u.
| At u meeting of the clearing house Assoc
| citation committee was appointed to draft
plan for the issue of loan certificates to
| bc used in the clearing house in settlement
of balances.
/ rHE STOCK EXCHANGE TO M OPENED TIES
OAK.
NEW York, Sept. 81, 40 p. IN.
The stock exchange will open for bust
ness at the usual hour on Tuesday morning.
| This announcement indicates improved
feeling on the street this afternoon, which
has been brought about by generally be-
levcd report that Com. Nanderbit's bro
kcrs have to-day effected general settle
ment in their heavy stock transactions.
| Very few transactions this afternoon. The
following aic the latest street cash quota
tons: New York Central So: Lake Shore
81; Western Union "a; Pacific Mail 90;
Rock Island 49, c. G. and /. c. 20; Union
Pacific IS; Wabash Al. The details of
business for opening the stock exchange
will he arranged at the meeting of the gov
erning committee Monday morning
BANK COMMITTEE REPORT.
At a meeting of the bank committee to-
day report was received from the COM
mittcc to whom was referred the PROPOSE
ton of the committee of the stock en-
change. The first suggestion of the latter
had been anticipated by the action of the
banks and the suggestion that the associate
bank should guarantee payment of certified
checks to the extent of their associated
capital appears to the bank committee i'm
practicable. In answer to another stggcs-
ton of the stock exchange committee the
banking committee say the proposed modes
of relief seem to look exclusively to the
convenience and safety of the stock cX-
change. without comprehendng danger and
Inconvenience involved to the bank.
The clearing house committee have de-
cidcd hereafter not to make public the
amount of loan certificates issued.
\ special from Louisville says the Ger
man Insurance, Masonic savings German
Central savings. and Western banks have
temporarily suspended. There is no run
on other banks. The Louisville banking
company has also suspended
AFFAIi,s IN CHICAGO.
A Chicago special says the Third Ma
tional bank is reported closed and nothing
doing on change.
EECEIvEI's RErOIT
WAsuINGToN, Sept. 81.
; The repor, of the receiver of the first IA
tional bank shows that one hundred thou
sand dollars-the amount of surplus viii
cover its losses from realizing on its loan
and discounts. If the Indebtedness of ia,
Cooke d Co. is paid in full its capital stocl
will bc unimpaired.
+ MORE HAED CASH.
LONDON, sept. 2i.
The steamship Java, which sailed iron
this port for New York to-day. took $500.
600 in bullion.