The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-09-06

BY banker, there Is no EeItef 10 financial
quarters that any one OF the banks would be
obliged to pass single dividend II the show
ing of the Calvert had beer less favorable
than it Is
The assignees Of the Calvert-C. Nor.
ton Stewart and b. F. Newcomer-wbils
not yet duly accredited. we've nevertheless
active 10 the prosecution Of their duties, the
formal documents Of assignment not having
been cc,mpleted By Thomas Donaldson, the
at:or Gey. After the assignment the assignees
",.l give bond in On amount agreed upon by
che stockholders, and the documents wilt lie
recorded. The selection of assignees has
given degree Of satisfaction 10 all concerned
that Is bighly complimentary to those two
gentlemen.
| A little fiutter was caused yesterday
among the Calvert creditors by the report
(Which proved correct, as it was stately that
one Of the means by which the Calvert be.
came large creditor 10 Stirling, Ahrens &
Co. had come to light. Checks for the pay.
ment of considerable sum, repor'e to he
800, 900. were deposited By some party for
pay ment of notes of the party made 10 the
Calvert Company suG about falling due for
products bought of their agents. The Cal.
vert directors could not tind any record Of
notes in any legitimate channel, and book
keeper of the Calvert's late agents was ap-
pealed to. He stated that the paper, after
being obtained, had been sold, and the
money therefor received by the agents and
used. The book.keeper also explained other
matters, which occasioned much comment.
The probabilities were yesterday mooted
Of the formation of stock company from
among the large Individual creditors to pro-
| h,,.; nf rfSrtn ot ho
! Calvert establishment. There seems little
doubt that such will be the ultimate deter
mination, and that before the close of the
year the refinery will be again purchasing
cargoes of sugar. 1t is probable that thirty
days will be required to work up the large
and valuable stock yet in the Calvert.
There is perceptible effect Of the distrust
among the banks noticeable in business cir
Giles, and what was heretofore looked upon
as good paper receives a microscopic scFuiny
before being accepted for. discount. A cof-
fee merchant yesterday said to customer
that he would sell bill for cash at certain
figure, dwelling with emphasis upon the
word "casb." The customer, with surprise,
asked if his standing did not entitle him to
credit. The merchant replied by abiding to
| the diff 'ulty of convincing bank president
of that fact. Another merchant said the
banks will lock up their money for some
time, until they get tired of keeping it. But
be did not believe anybody will learn last
ing lesson from the experience Of the hour
At least, the past did not show that such had
| been the clse.
No new facts were elected yesterday rela.
tive to the affairs of the house Of Stirling,
Ahreus e. co. beyond the statement that an
approximate estimate Of its situation is in
course OF preparation, and will be submitted
to its creditors next week. In veridcation
Of The adage that "it's an i'll wiTd that blows
no one good" it may be stated that u number
of business men are actively seeking for odds
and ends of the trade no v relirquished by
the great importing house.-Baltimore Su"
Of Saturday.