The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-25

h,ls mO4eANSLl1SSos ~: SGA !
business. That In view Of the undoubtel
Esolvency Of thelbanks, and to prove thei
IconfidenceT therein, the members of thi
Injecting pledge themselves to abstail
from running on banks, and to confn
themselves to strictly regular and;neces
sary checks and drafts, in the course 0
ltheir business, making them as limited q
possible. And further, they will continue
as heretofore, to make deposits, and urgt
upon all persons having business viii
banks to pursue like course Of conf
dence, thus avoiding the,greatest contin
gencles Of prostration and disaster. Nc
liurlhtr suspensions reported, the excite
ment has greatly subsided. ...-..,-..,,,
NEW YORK, Sept. 24.-Judge Blatch-
ford refused to grant an order Of involun,
tary bankruptcY,ag against the Union Trust
Company. "' ~ -
The question OF stock clearing house,
for the clearance Of stock only, Is being
discussed by members Of the board
David Grosfeck is said to be at the head
OF the movements When business ia 70,
sumed at the Exchange 1t Is proposed to
incorporate this clearing house into the
machinery Of the board. ... a,|
PHnADELPHIA, Sept 24.-The report.
cd suspension OF the Juniata Valley Bank
OF Mitlin, Pa, Is contradicted.
Proposed Cessation Of Bond Par-
L chases.
WAsIINaToN, Sept. 24.-The Secretary
Of the Treasury this morning suggested 10
the President that the purchase Of bonds
now being made cease when $l2 ,000, 600
have bbeen purchased. 2 He says the
Treasury cannot furnish all the currency
the ,frenzied people may want, and that
the Treasury must be kept strong so that
it may be in condition TO assist com.
merce after the financial crisis passes.
! AT meeting Of the clearing house this
afternoon, q resolution was adopted ap.
pointing d special committee to consider
what reforms were required In the prac-
tical operations Of banks with each other
and with the public, with view to In.
creasing the security OF the business !;
also, that the Secretary Of the Treasury
be solicited to confer with the committee,
with view Of adopting some measures to
relieve the difficulty In moving crops
from the interior for shipment abroad.
and also in relation to paying such bonds
ofthe government as may be practicable
TO furnish the required currency to meet
the present demands. The last resolution
was telegraphed to Secretary Richardson
Immediately and reported to the Cover
nor. .--.-. -..... ..- -.,-..
SALT LAKE, Sept 24.-The financial
crisis in New York has not affected the
situation here, in view OF the possibilities
OF several English companies offering as.
sistance.
LOUISVILLE, Sept. 24-Considerab
excitement prevails here to day on account
OF the depression OF affairs in New York,
communicated by the press dispatches,
but the banks are uniformly in good
condition, working cautiously and abun.
dainty prepared for emergencies. No
alarm whatever exists among the depos.
itors, and there is no anticipation Of any
panic. Many otthe banks report an in.
crease OF deposits TO day, and the unlior.
nifty Of the conservative policy Of the
bankers and merchants insures the busi-
ness community against difficulty, beyond
the stringency In the money market, the
opinion prevailing that the difficulties in
New York were born 'ot speculation In
stocks and have no commercial com.
tplexion.
PITrsBuRau, Sept. PA statement
has been published that the Pittsburgh
clearing house has adopted the New Yotk
plan Of certified checks. This is o mis-
take. AT q meeting this morning the tol.
lowing resolution was adopted: J
Resoloed, Unanimously by the banks
comprising the Pittsburgh Clearing House
Association, all being represented, that
they do not consider Il necessary TO make
any change in their customary mode OF
doing business. .rL
From this 1t would seem that the lead
ing financiers OF the city do not think the
situation demands any action on their
EWAsuINGToN, Sept. .25.-The Freed.'
mems Savings Bank today determined
that III would require sixty days notice
from depositors, OF their intention To-
Withdraw. 2 2
NEW YORK, Sept. s4.-rne iaovernori
Of New Jersey has made requisition on
Gov. Dix for the arrest OF G. w. Apple
ton, Cashier Oft the New Brunswick Bank,
and r. W. Woodwork, President Of the
New Brunswick Carpet Company, on o
charge Of embezzling funds from these in.
atitution.
EWlsHrNdr6N, Sept. af-An- inquiry
having; been made tonight Of the Sec
rotary Of the Treasury sas to further pur.
chase sot bonds by the Government, 1t
having been reported that the limit, OF
such purchase has been reached
BY the Sub!Treasury at New York.
Judge Richardson announces that
the purchases will not stop until the
return to this city Of the President
from Long Branch, when the subject OF
continuing the purchases will be taken
into consideration. The President is ex.
pected to reach this city Tomorrow Of.
ternoon. - VI W F " & Z
Suggestion b., London Paper. {
LONDON, Sept. 25.-64. M.-The DAILY
Telegraph, in an editorial on the financial
crisis in New York, recommends the vir-
tiRl suspension all payments and the
substitution Of a system based on indiyid-
ual credit. By this means time will be
giyenll for the excitement to subside. "
Shocking Suicide near Chicago.
CHICAGO, Sept. 24-A shocking suicide
occurred at Oak Park Station, q few
miles west Of this city on the Northwes-
tern Railroad Last evening, 9. 9. Lyon,
President Of the Adams, Blackmer q
Lyon Publishing Company, OF this city,
who resides in Oak Park, went 10 the de-.
pot and taking o stgpd by the side Of the
track waited until a locomotive came