New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-30
IcoSTINUEp FROM FIRST PAGE

meeting OF the Clearing House Association,
held this morning 10 consult on the present
monetary situation, It vas resolved that, IN
view of the Frightening prospects, no
Change was required N the manner of con-
Gucti1g the business of the banks and
Clearing House. The Lawrence Saving.
Bank commenced paying its checks to-day.
Albany.
ALBANY, September 29-The banks are
working under the New York plan.
Ford s. Fuller, bankers. haze suspended.
London.
LONDON, September 29.-ualf million
sterling for America i. engaged this week.
The demand for discounts at the bank.
and on the streets is heavy at > y cent.
Six hundred and thirty eight thousand
pounds sterling were drawn from the BANK
of England to-day, whereof ti24,00O goes
70 America. and the balance to Germany.
Three brokers have failed Oh account OF
the Erie decline.
Tine failure is reported from Hamburg
It is expected that additional suspensions
will be announced IL London TOMORROW
morning.
Cases of typhoid fever in this city are
daily increasing in number. anu alarm IS
felt in some infected quarters.
Havana.
a,
ing exists here among bankers and mer
chants.
Charleston.
CHARLESTON, September GA: \ meet
ing of the Chamber of Commerce this morn
;rg, which included the largest assemblage
of bankers and business men that has met
in Charleston for many years, the following
was unanimously adopted, which is the in
dication OF policy thought most likely to
facilitate the movement of Southern pro
duce to market, and enable Southern debt.
ors to settle promptly with their Northern
creditors, thus relieving the meney pres
sure all around:
Resolred, That the president be instructed
TO prepare memorial to size President OF
the United States and the Secretary OF the |
Treasury, praying that the Secretary place
and maintain On deposit with the assistant
treasurer at Charleston the sum of 100000
to be used by him in the purchase from the |
banks of exchange on New York, and that |,
this memorial be forwarded at once TO |
Washington, in the name OF the Chamber |
of Commerce of Charleston.
ResOlred, That in the meanwhile the pre- !
eidess of this chamber be authorized to !
forward the substance and purpose of |
such memorial by telegraph to the Pves;- I
dent in Washington.
At the close Of business today all the |
paid out. Currency is scarce. Assistant
Secretary Sawyer telegraphs 20 the presi-
dent of the Chamber of Commerce, that |
Charleston will have all the relief afforded |
other places.
Concord.
CoycoRD, n. H.. September 29-The |
banks have suspended except tOv local pur
poses.
CINCINNATI, September 23-There has
been q well defined improvement here to-
day in the feeling with reference to the I
financial disturbances OF the country. The !
days work with the banks has been the |
most satisfactory since the commencement of
.he trouble.
The deposits Of currency in . number of
banks have been quite equal to the demand |
Tor currency. A good deal Of old paper
has been renewed, and in sOme |
Instances new paper has been discounted !
Another noticeable feature has been the |
disposition of private parties who have
,een in the habit of letting their money 20
"a the street, but who have not OF late |
hown a disposition TO do anything. TO make |
nv inquiry of street lenders as to the term. I
pon which money can he placed in the
enera1 market. 4 better feeling was mani.
est. still, but little has been done 10 remove
he dead lock to which matters have fallen. ]
1
ut there is very little disposition to move ,
nder the existing circumstances. Holders
{ stocks are generally firm. hoping tina:
may soon transpire to set the |
heels OF commerce in motion. and when
ais is done lively trade is anticipated.
William Ernst. president OF the Northern
'ank of Kentucky at COvington, publishes q
communication tomorrow in the CONNER
al. in which ne says the remedy for our
'oubles is with the banks, and that q bold.
ecisive and prompt action by them will |
9 IN efiicacious and immediate remedy. |
q says: Let the New York banks fix =
nfnite time, say the tenth Of October. {.
hen they will resume currency payments. G
additional upon like action in the .,
'incipal cities Of the country: then let :,
10 banks outside Of New York promptly
edging hearty cooperation and yesump- '
On on the same day. Confidence. he adi.. I"
ii! be quickly restored. That being &C. +;
'mplished, currency vii! again circulate
eely and the dead lock will be removed 81
9 says this work can De accomplished ia
is way and no Other.
New Haven.
New HAVEN, Septembe: .'.-Seveyal -
rye factories, bein: unable 20 get cur. fir
ncy 80 pay theic !aa'is. As". stopped u
,rk. u
Harrisburg. -,
Septenbe: :'.-The ma +
nal and savings banks have suspended ! d
!-eQcy payments. :.