The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-23
The suspended Banks Resuming.
Government Supplying Cur
rency Freely. eaa..
Clearing Away the Debris
The Trouble at an End.
Yesterday Afternoons Dispatches.

Yesterday Afternoons Dispatches.
CONTINUED PURCHASE OF BoSDs by TIE
TREASURY. -.
NEW York, Sept. 2s.-An official state
mcnt is made this morning that the As
sis,ant Treasurer will continue to pur-
chase flve.twenty bonds In accordance
with his notice Of Saturday, paying Tor
them in currency at the average prices OF
sales Of the day. gs :.
Secretary Richardson said last night
that he did not see that he had the power
to do more than buy the bonds, and all
flve-twenties offered will be bought with
ont delay'o or red tape. "The Govern
ment,6 the Secretary added, "is not q
trust company, or a loan institution, and
It is doubtful whether Congress would
sanction such construction OF power"
THE 5Tn AVENUE CONFERENCE.
The language, This is none Of my lu-
neral, (which was attributed to Secretary
Richardson, last evening, seems this morn
10 have been made by leather merchant
who was present at the conference, and
who was asked to state briefly the views
Of the secretsry OF the Treasury. In an
to this question the merchant replied that
"the Secretary as much sas aid this Is not
my funeral" "a. q .5.si III
RRvRRDY JoHHsoN's WE'VE.
Reverdy johnson met with several
bankers yesterday, and at his dictation .
letterto the President was prepared. 1t
recited in brief the salient points. Of the
emergency, the want Of money, and the
opinion Of the best tinanciers Of the coun.
try that a draft upon the currency reserve
would remedy the difficulty. The legality
Of such a step might be questioned, but
the situation, he thought. was such that
an exercise OF the supreme law OF the
public safety was amply warranted. The
letter recited the two great instances o.
the violation of the English constitution
in cases of similar emergency-namely,
the suspension Of the habeas corpus and
the Peel currency act An instance Of
more modern date was also given, that
Of tho issue OF $5.000,000 during the
Black Friday, panic on the order Of Pres
dent Grant. "The people warranted you
IN this stretch Of power bya reelection
unparalleled in the ehistory Of the country"
said the letter in conclusion. The letter
had great weight with the President, but
the question OF the issue Of the reserve to
the city banks was decided in the mega
tive, Notwithstanding, after the letter was
read by the President and Secretary Rich.
ardson. s.. u.g
TIE PRESIDENTS ATTITUDE.
Senator Morton met Mr.. johnson, and
the latter said to the Senator: II have
reason to believe that the SUBJ Treasury
act, which alone regulates the power to
designate repositories, was repealed by
the aet Of July 8, 1860. 1t is short sec
ton and may have escaped my notice
until to day" To this Senator Morton
made answer: "The question with the
President has been, not so much the le-
gality OF the step; Secretary Richardson
has affirmed that all along. How to get
the money into the banks has been the
real difficulty that finally decided him in
the, negative, SN i }llsa l,29J Flai
THR CLEARING HOUSE.
The managers and clerks Of the Clear.
ing House were busy yesterday on the
work ot Saturday, The work was unu.
sually, heavy, from the fact that the
Fourth National Bank had certified to
$4,000, 900 Saturday, about six times as
much as they ordinarily do, and some
other; Institutions in proportion. The
Clearing House Commissioner deter
mined yesterday upon carrying out the
proposition made Saturday, that checks
shall pass as greenbacks. Any OF the
banks that are short Of currency have tht
privilege Of depositing their Government
securities as collateral, or seyenty.flye pc
cent on their bills receivable, which viii
be taken as money at the Clearing House
THE UNION TRUST 90. STILL oIosEp.g
NEW YoRK, Sept. es.-The following
notice iaposted on the doors Of the Uniot
Trust Company: ~
,k aThisinstitution d, In the hands Of /
receiver. A statement otits affairs is be
ling prepared and win soon, be made pub
lie. Depositors are cautlones agsins
sacrificing their accounts, 5Sil,,5N
i At this hour 40 o'clock II Is not open.
led, and. there Is no probability that |
Twill be. GoI .lnlS
| A better feeling prevails this morning
Ibut there ID no telling what an hour ma
Ebring sorth.h - 1--' '-rf . ~ :
THE STOCK, ,BxoHAHeE TO REM Am cIosRI
! hefollowing notice has been issued