davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28
The Crisis in Havana.

The reported failures in Havana OF two large
commission houses OF old standing was the theme
OF conversation yesterday among the Spanish and
American merchants OF this city engaged in the
Havana trade. Up to q late hour no tidings had
been received by wire on the subject, confirming
or denying it. The terribly high rates OF exchange
on London and New York now prevailing at
Havana are thought to be q certain index that the
tottering fabric of commerce in that city is in a
most critical condition, and that IL is impossible
that affairs can go 10 lower depth. Exchange on
New York at sixty days sight In currency is fifty
and on gold basis sixty-fve per cent premium
while ON London Tor paper at sixty days sight,
ninety per cent premium has 10 be paid
Condition OF the HOboken Savings Bank.
The committee, consisting OF Messrs. Shipper,
Stiastny and Huesmann, appointed to raise con-
trlbutions TO supply the deficit OF some $4,000,
have referred the matter back to the Board of Man.
ayers. The reason assigned BY them for this &C.
ton is the fact already published in the HERALD.
that after Charles Clinton was made President Of
the bank and subsequent to its suspension
900 worth Of bonds OF the United States were
taken from the vaults OF the bank, sold in New
YORK and deposited with Fisk a Hatch without
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28
n. Ii. LOWERY.
W. l.. JENKINS.
r. M. KENYON.
ID. G.. HAYS.

reporter of the HERALD talked with Mr.. Ver-
miyea on the refusal OF the banks 70 concur In the
Stock Exchange proposition. He said:-
al am astonshed that men OF intelligence, as are
those who made the proposition, should consider
such thing practicable. 1t would be laying the
banks open to fearful risks and none OF us could
The Stock Exchange must understand this. They
cannot give such unlimited power as this action
would do to telers. The overdrawing on the Bank
of the Commonwealth and the Bank OF North
America has been lesson enough to us, should
think. without any further tests. don't believe
there is bank President in the city who would
consent to such an arrangement.
REpORTER-The stock Exchange is determined to
open its doors on Tuesday
Mr.. VERMILYEA-Ahl Is that 80? Then sup
pose 1t Is In consequence OF answer to their
quest. Well, nobody can tell what will happen
then.
The Association also authorized the Loan CON-
mittee to Issue az many more loan certificates as
would be found necessary to meet the present
emergency.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28
All Quiet in baltimore.

BALTIhORE, Nd, Sept. q, 1873.
The day has closed on business In this city with
out additional excitement or reports OF any rai-
ures whatever. The stringency in money con-
tlnues, but all the banks have paid out literally on
small checks, to supply business demands.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28

u
eleven O'Clock yesterday morning at the Mer-
chants Bank, in Wall street. There was full rep
resentation. The committee appointed to con-
slider the Stock Exchange proposition made last
Wednesday gave their report as follOws:-
To rHE ASSOCIATED BANKS, NEW YORK CIrY:-
A meeting OF the Clearing, House Association Com
dressed e the New YORK Clearing House co%%itiee,
e ana i Of Nc
committee careful consideration Of the points presented
The rst part Of The communication devoted to
yisipg means for making payments BY certified checks
Clearing House tie DAY that the
that the Of sSanse aim
provide It Is obvious, therefore, that fur. sr
The stock Exchange Gomm,es suggest plan for the
rhe plan for the is that those
other should to the extent OF their associated capital
BANKS allowed to enter With the Clearing VIC
your committee this h, The
ali dealers with Observation-Disclosures brokers and ohers
OF and
enee ts me amount especially when they could have no
corrupty certify to millions more than the customers
not having in their power to force such action "oud
e I'll
One OF the saeguards set ior.h Is that .'ba clear,
ca a out % seep man h
which included In the exchanges IL Is
likely the banks would consent to that delay the Col
lection of remittances Indeed, IL is lar from cri IN
that in law they would be justified IN mailing -. ,
change 49,
The committee say also that they would possibly have
to request the banks to remain open until hapast three
o'clock they changed the hour OF delivering stocks in
order find out the results OF the cearanccs Of the
vious day.
The gentlemen cannon fail to that the adoption
this change would tend to much der angement of affairs
which have been running In grooves long, especially
as many banks having little connection with the
operations OF the stock Exchange. could not why
their business should be varied from the regular
from such cause.
The associated banks further requested to adopt
resolution that they will not tor ten days after opening
stock Exchange call In loans to brokers which
sufficiently secured but on the contrary, will make
approved collateral II seems to the Bank
Committee that the New York Exchange Committee
could hardly have reflected on the full import Of this
quest $50
The banks their present condition asked to
loans to the extent of their ability but to forbear calling
on those indebted TO them.
Your committee is quite that this proposition
quircs comment and they have only to add that with
hcartiest wishes work in harmony with the Stock
keeping closed the Bank Committee most highly APP
prOve-hey yet regret to that the suggestions and
of relief proposed seem to committee look
too TO the convenience and safety of the Stock
Exchange, without apparently comprehendng the ex-
tent of the dangers and Inconvenience TO which
piance would Involve the associated banks In all proba
bilty. Respectfully submitted JOHN Il. WILLIAMS.
n. Ii. LOWERY.
W. /. JENKINS.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28
Ranks Suspended In Louisville.


The following banks suspended payment tenn
porarily to-day:-German Bank, Masonic Savings
Bank, western Bank, German Insurance Bank,
Louisville Banking Company, German Savings
Bank and Central Savings Bank run on these
banks has been steadily increasing for the past
three days. All of them have abundant resources,
many being able to pay two dollars for every ono
on deposit out OF their assets. The other banks In
the city are heavily drawn on, but they are all
right The suspended banks are all savings insti-
The lack OF systematic action tended to suspend
these institutions, every bank looking out for It's
own safety.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28

The new loan Of registered bonds, payable quar-
terly at five per cent, amounts to $143, 500 900.
The interest on all these registered bonds will
amount to s. coo, 900. which will be thrown on the
market immediately and this is the only substan-
tial relief we can count on COm this action.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28
The Bank Presidents.

The meeting Of the bank presidents took place at
eleven O'Clock yesterday morning at the Mer-
chants Bank, in Wall street. There full rep
resentation. The committee appointed to con-
slider the Stock Exchange proposition made last
Wednesday gave their report as follows:-
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28

WASHINGTON ID. c., Sept. q, 1873.
In the Washington City Savings Bank-now in
the hands OF q receiver-there about 2, 600 de-
positors whose Joint deposits will reach upward
OF 100000. The assets are supposed to be sum-
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28
An Exciting Report In Milwaukee.

MILWAUKEE, Wis, Sept. 81, 1873.
Quite an excitement was caused here to-day in
financial circles by statement in the Sentinel OF
this morning, asserting that all the banks in the
city had resolved to suspend. currency payments
upon all sums over 5000. An extra edition was
sent to all the places Of business denying the first
statement as soon as it was discovered to be I'M
true, but the report caused few hundreds Of
the poor people to call for their deposits
which were promptly paid by the
banks. When the people learned that the state
ment was untrue and the banks were ready to
meet all demands upon them, the excitement SUBJ
sided after an hour The fact is, at a conference
OF the bankers yesterday 1t was decided to con-
duct the business as usual there appearing to be
no reason why they should do otherwise, as all the
banks are in SOUND condition, and have currency
enough on hand to meet all demands. The de-
posts this week are iE excess OF the amount with
drawn. The banks are all paying over their coun-
tiers as called for, and all are now confident OF
being able to tide over this crisis in safety. AL
though business mas been dull Tor the past week
there have been no failures so far.
The Chamber of Commerce has been closed since
Wednesday, and but few sales OF wheat have been
effected account Of the stagnaton in business in
New York. over 900 bushels OF wheat Is
stored here, awaiting shipment to the East. The
receipts OF wheat at this city since January l. 1873,
are $685. 75O against 1890 1874 bushels for the
responding time In 1872.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28


The interest to be pan on this is three per cent
for SIX months, and would amount to ten millions
and quarter In round numbers.
But the real, immediate relief in the money
market; which We look for in the present CRISIS,
from this action of the government in preparing
the November interest, is from the registered
bonds. or these there IRE held here, the interest
on which is payable in Ntvember:-
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-28

By an immediate resumption Of specie payments all
gold and silver in ths country, and many millions
that sure to come 70 US from foreign countries would
become az once circaat,hg meaium Ine agoPuon OF
dents vigorously pressed upon the
unfnancially adopted by Clearing House Associations
The time has come when nobody has money to hoard.
Prices are or soon VIII be snc that property or invest
gold for export tor the exchanges all In favor
The gold and silver in this country If thus utilized will
become currency, and will add $50 OF positive
Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1873-12-06

An edition Of between nine and ten mix
lions Of copies OF a very useful work IS now
ready for gratuitous distribution, and can be
had for the asking At any drug store in the
United States, the British Colonies, Spanish
America or Brazil. The work referred to is
Hostetter's Almanac for Is74. The medical
portion OF It treats Of the various ailments 70
which the human system is subject, and sets
forth the peculiar properties Of Hostettcr's
Stomach Bitters-the purest and best tonic at
present knOwD-as prescrvative of health
aud strength, and as remedy for debility
and disease. The Almanac is printed in all
the principal languages of the civilized
world and reaches larger number Of famil-
les and individuals than any other medical
treatise thar ever issued from the press. No
man or woman who has a due regard sOr that
choicest of heavens blessings, bodily vigor,
should fail 10 read the plain simple and con-
vincing articles which this truly practical
publication contains. The miscellaneous mat
ter is varied, instructive and amusing, and
The calendar department eopious and com
prchensive. Hostettcr's Almanac is, in short
. household convenience, adapted TO the use
of all classes and calling5. The farmer, the
planter, the miner, the merchant, the me
chanic, the Iaborer, the professional man, all
need II and 10 invalids OF both sexes II is lit
orally an article OF prime necessity. The
medical technicalities which render SO many
medical treatlses intended for popular use I'M
Ineligible TO the general reader, have been
carefully avoided in this pamphlet All is
clear, explicit, forcible, and reconcilable with
reason and common sense.
The proprietOrs, Messrs, HOstetter i smith,
Pa, on receipt Of q tive cent
stamp, will forward a copy BY mail 10 any
person who cannot procure one IN his neigh
borhood.
Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1873-12-06
Nc Anneal of Mondav tells OF

The Appeal Of Monday tells of
one Andrew Mcneil, q negro man,
who murdered his wife because she
Joined different church from his.
He asked her if she had joined tho
other church, and on her answer
ing yes, he proceeded to carve her
up with a huge knife. She was cut
fourteen times, and died in half an
hour. The horrible crime was COM
mitted II miles from Memphis, on
the Randolph road.
As the northern bound train on
the Northwestern road was running
into Union City Thursday night,
the 9th inst, rock was thrown
through window by some scoun-
drel. A passenger by the name OF
Henry Choate, who was lying a
sleep at the time, was severely cut
in the face by piece Of broken
glass. He offered a reward of 5000
for the arrest OF the guilty party.
The Brownsville States says
Thursday morning q disastrous fire
broke out in Dalton's saloon on
the north side eff Court Square, and
laid in ruins nearly the whole Of
that part Of the city. The loss is
estimated at $50, 900. Six build
ings were burned, but we are glad
to state no goods were lost time
being sufficient to remove them TO
places of safety. The buildings
were owned By Messrs. w. T. Lu-
cas-, A. G. Estes and n. Il. Shirley.
There was but $1,000 insurance on
the entire property. We hope the
vacant lots will soon be rebuilt.
Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1873-12-06
The Memphis conference.

The Annual Conference, closed
its session IN this city, last Tuesday
night. Bishop McTyeire, presided
with his acknowledged ability, rem
dering entire satisfaction to the
Conference. Truly it is agreed that
he is one of the best presiding Off
GERS among the general Superinten-
dents of the Church. After exami-
nation, ali the preachers were found
to be "blameless in their life, and
official demonstration. About
twenty young preachers were adj
mittcd on trial.
After an interesting sermon bv
Bishop McTyeire, on Sunday Morn
ing. Nine travelling, and three To-
calpreaehers, were ordained dea-
cons. Sunday at 3 O'Clock, DR.. 5.
W. Moore. preached an impressive
discussion, declaring the duty and
Office Of those admitted elders. At
ter which, six travelling preachers
were ordained elders.
Drs. j. B. West, andR. a. Young,
Of the Tenn. Conference, were pres
ent few. days, during. the1session,
the former preached Friday and
nights, in the first Metho-
INST Church, he had the presenc
Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1873-12-06
WEIGHED AND FOUND WANTING.

The Memphis Aralanche is the
leading organ of the independent
movement in Tennessee. 1t is edited
with ability and its positions are not
entitled to respect only on that ac-
count, but because its positions reflect
the animus of the movement it heads
and leads. The thunders of the Ava
lanche are daily hurled at parties and
it Is constantly calling on the people to
throw of the shacklos of party and
assert their. Independence. And yet
the Avalanche, the head and front of
the much dreamed of, much talked
Of, peoples party, when weighed is
found wanting. To illustrate. Re
Gently the people of Memphis ire
spectiVe Of party, in obedience to the
teachings Of the Avalanche, assembled
IN grand mass meeting, and nomina-
mated n candidate for mayor. Tho
exigencies of the times, the vital in
terests of Memphis, seemed to de-
mand such a meeting and the people
responded. The action of this grand
mass meeting of the..1sople was en-
dorsed by the appeal, party organ,
as the Avalanche says, and yet the
Avalanche whose endorsement would
seem most natural, is silent or censori-
Gus. Indeed It's columns are filled with
sore-headed filings from, correspond
epts, and spiteful or non committal ed
itorialS. Now what does the ArulqRche
mean? What do the independent Jour
Fnals of every grade mean by their
vaunted Independence? Tried by the
Avalanche, the brains OF the whole
movement, they simply mean to have
things their own way, 10 dictate to
the people, or turn Tennessee over to
the Radical Republican party. That's
the whole thing in 4 nut shell. The
position of the Avalanche in this mat.
ter, is the key of the whole indepcn-
dent movement. Protesting indie
pendence, it essays to assume the
role of dctator-denouncing parties,
it aspires to be a party Ieader-pledg-
ingiusself to the peoples movement, it
kicks the traces on the first effort of
the people to practice its teachings
Wanting its independence of party, it
goes squarely back on the first anti
party movement iuaugurated in Mem
phis for years.
1t is rumored that the Republicans
will run a candidate for Mayor of
Memphis. If they do. the course of
the Avalanche is at once the encour-
agement and the hope. Now We call
the people to witness this thing, and
by the light of these facts, watch the
boosted independents of Tennessee"
What do they want? What are the
motives that inspire them? What do
they aim to accomplish? What sacri-
fees on the part of the Democratic
Conservative party of Tennessee will
satisfy them? How far are they sin
cere in their war on parties? The
course of the Avalanche in Memphis
is the key to all these questions.
Study it,
Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1873-12-06
The Extensive Carriage.
Buggy, and Spring Wagon
MANDATORY.

or lands a. BURNEBL, are turn
ng ol,t large amount OF first class work
every week. Their business has greatly in
creased, and they will doubtless be COM
PEELED to make 4 further enlargement
their establishment. The reason is Obyi-
ous-TheIr VVOrK always gives sat
isTactIon, and when they sell to one man
in locality, they draw the trade OF that
seetien. Their repairing department is al
so on the increase, As they invariably guar
antee their work, and employ none but
first class mechanics.
This establishment is a credit to the city,
and We hope that it will continue to pros
per. Th' citizens Of adjoining counties
would do well TO examine the work Of this
extensive establishment before sending
uTthcT of.
Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1873-12-06
rARrIEs a NECESSITY.


There is a cheap kind Of states
manship, somewhat in vogue in
these days, whose only stock in
trade, is war upon parties. This
class utterly ignore, both the phi
losophy and experience Of history
Parties have ever been the bulwalk
of liberty. Sound craftsmanship
has long since proclaimed parties
necessary to the preservation Of
free government. Parties are the
authors Of human liberty-upOn
their banners is inscribed, "frec
Greece, free Rome, free America
while the absorption of parties
shows the reverse-enslaved Greece,
Rome in ruins, and i: may be A
merica.
To insure good government there
mast be an equilibrium somewhere,
a balance or check between those
in authority and the people. Con
stitutious are worthless, when those
in authority arc unrestrained by q
large and watchlul minurity-a MI
nority that may at any moment be-
come the majority. Hence the ne
cessity Of parties.
The evils, wrongs and oppres-
sions heaPed upon the people of
the South since the war, are all the
result Of 4 want of party balance,
and if the liberties Of the whole PEG
pie are subverted, at the door Of
party absorption the great wrong
must be laid.
Parties arc the balance wheels Of
Republics. They hold the scales of
power, and as long as those scales
are eveDly balanced the Republic
is safe. Such are the teachings Of
our wisest statesmen. Such is The
philosophy Of history, upon which
all sound craftsmanship is based.
The necessity of parties, as con
SENATORS Of liberty, is most forci-
bly, illustrated in nature. Fire is o
good thing-water is a good thing
but either unconfned is 4 fearful
element. So with parties-wcll
balanced, their commission is good
without balance, disaster and
ruin follow in their wake.
Then, instead of trying to des-
troy parties, lot us labor to build
up party that will command the
respect of those in authority, and
by its numbers, restrain them in
their innovations upon our COM
mon liberties. This is the great
work to which the American peo-
pie should bend their most patriot
ic energies. Upon the building
up of such a party depends our fu-
ture veal. The preservation of
that liberty Which our forefathers
won, is the aspiration of every true
American heart. The establish.
ment of party equilibrium is the
key, and the only key, to that pres
ervatiou: Then with one heart and
one mind, let patriots everywhere
lock shields in building up this
great and vital party.
Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1873-12-06
GENERAL NEWS.

a recent census of Baltimore,
shows n population SO2, 1913.
The Kentucky legislature, met on
Monday last. Hon. McCreary, was
elected speaker of the House.
Gen. Garfield expresses the opin-
ion that the compensation bill for
the last session will be repealed.
The public debt statement, shows
an increase for the month of No
vcmber, of nine million dollars.
Attorney General Williams, has
been rendered the position Of Chief
Justice, of the Supreme Court.
John johnson, an 1872 war veto
ran, died yesterday in New Al
bany.
The veterans of the war of 1872,
celebrated at Washington, on the
2Sth of November.
1t as now thought that Gov. Pow
ers, will contest the recent election
in Mississippi.
Senator Casscrly, of California,
has resigned his seat in the United
States Senate.
The New York Chamber of Com
merce opposes Il resumption of
specie payments.
The upper Mississippi river is
frozen over, and navigation for the
winter is closed.
CASTELAR,, President of the Spanish
Republic, and Gambetta, the leader
of the French Republicans, are both
Jews.
The Sunday daiIics rccounted
nine murders, one suicide, and arail-
road accident. Pretty well for one
days news.
Gen. Sherman recommends an in
crease of the army, so that at least,
10000 men will be always ready for
active service
Legal tenders are increasing in the
New \ DIRK banks. An increase OF
$4,000, was reported in one day
last week.
East st. Louis, was visited by
$4,000 fire, on the 29th. The Elk
tensive planning mills of j. 3. Liv-
& Co, were destroyed.
During the year ending on the |
30th of June, 4j9, sos immigrants ar
rived in the United States, being |
over loo, 900 more than in anypre- |
viOus year.
In reply to assertions as to the /
condition of the Ma
.ional treasury, it is stated that the
treasury department, has q reserve
If $50, 100000, in legal tenders and
go, 900, 900 in gold.