, 1873-09-29


statement to varoR per6ons upon securities eerti-
Gates Of settlement and other vouchers under the pl.
rao 1sft O. worhs ao 10 9s a Ae sec1o
certhcate9, ani vouchers upon which tfny nro 1naao
represent IN hs aggregate fir ySno Of stoo Tme
1otes of tho Northern Pacific Railroad Comuans, ag
Etsga Eoep satc to me that ills adobteness viii pe PAID
at maturity. lave notified the Treasurer Of tho
e ,s mt u b atSHy pox oe n 'front.'
tho value Of tho osses discounts, or Il the value Of
said indebtedness DO separately esmatea, then $780,
books OF tho bank having been invested in the bua-
mesa Of the bank, would It ia estimated, cover tho
tho loans % sud I DISCOUNTS It appears from tho forcgo-
Ing statement tla were tho indebtedness Of hlcaars.
jay Gooko Go. to tho lank to be paid in fa, tne m
cartal stock would lo uninpared. The proportion In
witch he debts Of tho bank actually DO paid must
inaSSp}eaness iSS,f} ness 10 il Of aleasrs. Jay cooro /
Go. ahall bo discharged. THIS + y not IL
ny power to esc nstaed t % oxns fa1tso1 Of
taseniens hayc been prepared and aoon ~ copcH
can bo no they will DO forwarded to you and. es,-
s| thersl|n cor eoasapsd Sve called upon JIG vssie;s
ba1ks Indebted to the First Naiona 1ank to remit tic
Woso uus aeeouta haso beon to ae good
tha deficiency. As soon "a tho currency anu coin ~
could bs eotoa epossa T. to tho
States, suDjoct 10 your ORDERS in trat for thu ert-
itora Of the bank. Tbs proceeds since received by
INC, resulting from renttanccs by othcr banks for
| from collections Of other Indebtedness to
tho bauk haye also been In tho samo way deposited IN
tho Treasury Of tho United States for tho benefit Of
tho banks creditors. The mutilatcl currency belong
INK to The patk might also IL ny judgment, be for;
by revision Of the accounts relating to muttasod CIR
roncy, mud by clamH presented by Eoe Of tho banks
from which tho currency has boon received for tho
turn to them Of the amount forwarded. Thia qucs-
ton will no subject OF consultation with you but
whether the amounts clA,ncd shall DO returned, or
whntier a iha uurrocy bo forwarded to tho Treasury
hv Firat National WILL In either eyent, ho entod ID
credit, AZ Offset to s indebtedness. AZ reported
ntnye blank forna hayn been prepared for tho presci-
tuition Of claims against tho bank.
Secretary Richardson says tho statement Of
jay Cooke & Go. ia much better than WAS OK.
pocted, and TINT alvlces received at tho Troaa
| iury aIlow decidedly improved condition OF af'
| fairs throughout tho country.
WAgu,Sgyov sopt, 27.-TAo Secretary Of tht
Treasury is no loi,gor troubled with kilograms
Of inquiry from financial SOURCES. No excito
mont whateyor exists in that Department, nut
tho Executive Department il equally FREQ iron
It. since tho Official announcement that III,
/ prosi.leut and Secretary coull do nothing NOR
to relieve tho poouniary embarrassment. NJ
suggestions have been received from my quar-
ter. Tho Treasury IL dlaohargiug ita buBnes
! with no interruption in auy branch, aud atl Il,
officials arc a8 calm aa ii there lad boon n
financial storm.
Al arrangement has beon malo by which til
London houao Of Jay Cooko, MuCullool t. &c
viii honor ali tho Government drafts OH IL.
London house Of Clowa. 1lablcht Il Go. Bayou
thia tAore haa been ITO change In tho AGENCY,
TREASURY PROGRAMME.
The Secretary Of the Treasury will not for til
present isBuo programme tor tho salo Of gol
anl purchase Of bonds noxt month.