Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-30


ctes. n =
WASHINGTON, Sept. 29.-The Farmers
and Mechanics National Bank of George
town, the National Bank of the Repupnc,
the Bank of Washington, and the banking
houeos Of Riggs g. Co. and Middleton q
Co., are paying all demands upon them as
usual. The other banks and banking
houses in a combination formed last nighsto
certify checks instead of paying currency,
will not pay the smallest check to-day
Since the commencement of the panic, foor
institutions have closed their rooms, VIZ;
The First National Bank and Washington
City Savings Bank, now in liquidation, and
the banking house of Jay Cooke u Co. END
Font, Washington & Co.
There were drawn from the Freedman'5
and Washington City Savings Banks, with
in ten days, $575, 900, and from the other
banks in the city about $S00,000. Friday,
one person alone drew front the National
Bank of the Metropolis $4,000, and placed
In the Safe Deposit Co. Most of the money
drawn remains with the drawers.
Just Heard OF the Fuss.
CHARLOTTE, n. g., Sept. 30.--The panic
had little If any effect here. The banks,
| State and National, are open ss usual, loan
ing merchants money to buy cotton. NO
disposition to withdraw deposits. The peo-
pie are sustaining banks with large deposits.
-CoNKoRD, n. H., Sept. 29.-The banks
have adop.e ed the course taken by the banks
| in other places, and will pay currency only
| in small amounts, for the accommodation
of local business. There is no apprehension
| of serious embarrassment.
| Wick shurU
VICKsBURG, Sept. 29.-The Vicksburg
bank continues business as usual.
Across the border.
TORONTO, Sept. 29.-Gant has ordered
a half million sterling in gold from England.
It has also received information that mil
lion sterling has been shipped for New York
and considerable sums for Canada banks.
The feeling in England is confident and
hopeful.
salt Lake-BuIliOn Rendered Useless.
| SALT LAKE, Sept. 29.-The financial
condition is greatly improved and the feel
ing of panic apparently completely subsided.
The tightness OF the money market is like
| ly to cripple business in bullion and ores for
q few weeks, compelling suspension OF
smelters.
/ Ino l<Uu1BNlko DpAhAHAOAAsos
LOUISVILLE, Sept. 29.-The German
banks, seven in number, which closed their
doors Saturday morning made application
for membership in the Clearing House TO-
day ard were received. Two other banks
were Admitted, making 81 in all. The
banks were paying out limited amount
of currency and merchants generally are
satisfied with the certified check basis.
Manufacturers anticipated Inconvenience
of getting funds to pay off hands, but the
banks have pledged themselves TO look afteI
their interests as far as possible. 1t is gen.
orally believed that the pressure will be Of
short duration.
Confidence Restored in Pittsburg.
PITTsBURG, Sept. 29.-Ths financial
outlook in Pittsburg is brighter than it ha:
been at any time during the recent panic
Confidence seems fully restored and bust.
ness is being transacted IS usual. At full
meeting of the Clearing House Association
to consult on the present monetary situa'
ton, it was resolved, in view of the bright
ening prospect, that no change was requir {
in the manner of conducting the business
of the banks and Clearing House.
A Better Feeling i'm Porkopolis.
CINCINNATI, Oct. 29.-There has beer
q well defined improvement here to-day il
feeling with reference to financial disturb
ancas of the country. The days W0ri
with the banks has been the most satisfsc
tory one since the commencement OF tn
trouble. Deposits of currency in
number of banks have been q1it'
equal to the demand upon them for cur
rency. A good deal of old paper maturlnI
has been renewed, and in some instance
new paper has been discounted. Anothe
not cable feature has been the disposition G
, private parties who have been in the habi
J of allowing their money to so on the street
but who Of late have not shown dispos
/. ton to do anything to make enquiry ofstret
, ss to terlnsIupon which money can be placed
) In the general markets better feeling wa
f manifest.
st. Louis BuOyanf.
5 Financial circles has been very quiet t
day, and much moro confident feelin
: manifested in nearly all circles. There is
great lack Of currency with which to tran!
f act business, and discountiug is quit
? limited, and the banks are mostly payir
= checks in kind, and there is a decided
, more tranquil and hopeful tone on 'Chang'
g There was more of a buoyant spirit a
t though the volume of business was nC
o large. There was more disposition to op
# rate and nearly all kinds of grain advance
in price.