Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-19

Ell others, for that institution was more or less
complicated by the bsIrNing business of Jay
cooke \ Co, and the Pacific railroad bonds,
with which they are heavily loaded. The other
banks of this city invested mostly within this
District,or in government securities, and are not
involved IN outside operations. Mr.. Davis then
balanced that OF the withdrawals made.
aud he anticipated no ran on their house.
Should il come they are abundantly able and
ready TO meet all demands. He thought de-
positors would return their money with Mr.
Ruff in few days again, a. he could see no
cause for alarm. He expressed his belief that
the Freedmen's Savings Bank would not suffer
much inconvenience, as they had plenty OF cur
rency TO meet demands.
ACTION OF GOV. SHEPHERD.
AT an early hour to-day Gov. Shepherd, with
commendable forethought, anticipating, per
hsps, that some of the banks might be run, and
cramped for currency. called upon Secretary
IiehsIdson and made an arrangement both
with him and Treasurer Spinner, TO the effect
that any bank of the District depOsiting at the
Sub-Treasury in New York, and that fact being
telegraI he'd 10 Treasurer Spinner, could procure
all the currency desired, direct from the Treas
uTy here. This will enable any bank 10 convert
by telegraph any collateral securities they NAV
hold into currency, and furnish abundant means
10 meet any emergency.
AN ADDITIONAL NOTICE.
AT half-past one o'clock the following was
plscarded on the doors of the First National
bank 80 Paper maturing this day in the hands
Of the First National bank may be found al the
Metropolitan bank, next doOr.")
INTERVIEW WITH Mr.. TENNKY.
At two O'Clock, THE STAR reporter was al
mitted to the banking house of Jay Cooke &
Co, and was received by Mr.. Tenney, when the
following conversation ensued:
Reporter.-"Mr. Tenney, The STAR is any-
ions to inform the public of tie latest news con-
corning the unfortunate suspension Of the banks
you represent"
Mr.. Tenney.-fYou may state that all the
clerical force of the Office is busily engaged in
preparing statement for the public and that
il Will be submitted TO them as soon as practi-
cable. You may also state that the firm expect in
lew days to open their doors and resume bust
ness"
THE EXCITEMENT OVER.
At O'Clock 18th street was virtually deserted
and did not present as animated an appearance
as usual. There seems to be a growing conf
dence that all is well, and that the business OF
the bank will resume at an early period. The
run on the Freedmen's Bank, however, con-
tinues to some extent, but hourly grows more
langUid.
FIRM AS A ROCK.
At half-past two O'Clock the reporter of The
STAR called upon MIR. Stickney, of the Freed
mans Savings bank. The rush at that hour
still continued. He was informed that the bank
would keep open until its usual honr-4 y. M
and that up 10 that hour he (Alr. s. did not
think that thirty thousand dollars would have
been drawn. This is owing TO the small indi-
vidual deposits carried by the bank. There a.
general feeling that the run Will subsde to-
morrow, although the officers are preparing for
any contingency.
A RECEIVER APPOINTED.
At half asst two O'Clock, Edwin L. Stanton.
Secretary of the District of Columbia. called
upon Controller Knox and accepted the position
as receiver of the First National Bank. He
will take charge at once.